Veterinary Diagnostics Market Definition

NORDIC veterinary diagnostics market deal with non-invasive methods for examining symptoms and identifying specific diseases in animals.  The market is divided based on end users, such as clinical laboratories, hospitals, research institutes, and others. Veterinary diagnostics play an important role in disease prevention and management by being a connecting link between the cause of a disease and its cure. It becomes essential while considering how even a small outbreak of disease can pose an immense threat to the whole animal community.

NORDIC Veterinary Diagnostics Market: Key Insights

NORDIC Veterinary Diagnostics Market Highlights Over 2023 - 2035

The NORDIC veterinary diagnostics market is estimated to garner a revenue of ~ USD 167.0 Million by the end of 2035 by growing at a CAGR of ~7% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~ USD 82 .0Million in the year 2023. People in the NORDIC region have been observed to be willing to pay considerably for the proper health of their pet dogs and cats. Further, the pet owners in this region have a positive outlook toward the various facilities available for the well-being of pets. So, the market's growth can be attributed to the rising cat and dog population.  For instance, in the European Pet Food Industry, nearly 38 percent of the households representing 88 million owned at least one pet animal.

GET A SAMPLE COPY OF THIS REPORT

NORDIC veterinary diagnostics market are non-invasive methods for examining symptoms and identifying specific diseases in animals.  The market is divided based on end users, such as clinical laboratories, hospitals, research institutes, and others.  Moreover, people across the region are opting for veterinary careers to treat animals' illnesses through proper diagnostics and treatment. Therefore, the surge in the number of veterinarians is projected to increase the growth of the NORDIC veterinary diagnostics market. As per the Federation of Veterinarians of Europe, the number of veterinarians in Sweden, Norway, and Finland accounted for 3,326, 3,000, and 2,500 respectively.

NORDIC Veterinary Diagnostics Market: Growth Drivers and Challenges

Growth Drivers

• High Prevalence of Campylobacteriosis Diseases – Several diseases are outbreaking in animals that are anticipated to surge the growth of the NORDIC veterinary diagnostics market. As per the data provided by the Norwegian Zoonoses Report 2019, out of 118 dogs in Norway diagnostics, 20 were found positive for campylobacteriosis diseases in Norway.

• Increasing Household Disposable Income-As per the data provided by the Organization for Economic Co-operation and development, the household disposable income has reached USD 36269 per capita in Finland in the year 2020.

• Growth of Animal Health Sector- Many facilities are being provided related to pets in the region which is expected to drive the growth of the NORDIC veterinary diagnostics market. More than one million dogs are being insured by their owners in Sweden.

• Rising Demand for Healthy Meats- There has been a rise in the demand for healthy meats, as people in the region are eating on regular diets. Hence, it is expected to drive the growth of the NORDIC veterinary diagnostics market.  In 2019, the total meat consumption in Norway was more than 55 kg per person.

Challenges

• High Cost for the Treatment of Pets – The treatment costs for pet animals are very expensive in many parts of the NORDIC countries, and this could negatively affect the NORDIC veterinary diagnostics market. This is mainly because of the lack of government support for pet care unlike for the care of humans.

• Lack of Skilled Veterinary Doctors

• Need for More Research and Development for the Pets Treatment

The NORDIC veterinary diagnostics market is segmented and analyzed for demand and supply by disease type into non-infectious, infectious diseases, and others. Out of these, the infectious diseases segment is anticipated to hold the largest share over the forecast period owing to the rise in the zoonoses diseases among animals. According to the Norwegian Zoonoses Report 2019, the number of positive zoonoses cases was 103 out of 2108 number tested broiler chicken flocks in Norway.

Market Segmentation

Our in-depth analysis of the NORDIC veterinary diagnostics market includes the following segments:

Customize this Report: Request Customization

Key Companies Dominating the NORDIC Veterinary Diagnostics Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the NORDIC veterinary diagnostics market that are included in our report are Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Heska Corporation, Boule Diagnostics AB, IDEXX Laboratories, Inc., Zoetis Inc, bioMérieux, INDICAL BIOSCIENCE GmbH, scil animal care company GmbH, DiaSystem Scandinavia AB, and others.

NORDIC Veterinary Diagnostics Market: Latest Developments

• June 2021: Bio-Rad Laboratories Inc., announced its partnership with Seegene, Inc., for the clinical development and commercialization related to infectious disease molecular diagnostic products.

• August 2020: Boule Diagnostics AB announced the partnership with its OEM clients for providing products and services for the hematology platform.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

.