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(Medical-NewsWire.com, September 12, 2018 ) Overview
With the emergence of new and technologically advanced products, the Europe Veterinary Diagnostics Market has seen an exemplary shift in the past few years. The Diagnostics provide tools for effective and rapid testing to undertake preventative or remedial measures for the health of the animal population. The lateral flow and other rapid tests are used in veterinary medicine to test commercial livestock (large animals - cows, poultry, sheep, pigs, etc.) and household pets (cats, dogs, etc.) to test for the presence of a variety of medical conditions caused by bacteria, viruses, allergies, and fertility issues.
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Drivers and Restraints:
The growth in companion animal population, the growth in prevalence of animal zoonotic diseases, the rising demand for animal-derived food products, rising demand for pet insurance & growing animal health expenditure, and the increasing number of veterinary practitioners and income levels in developed economies are expected to drive the growth of the veterinary diagnostics market. Many of the poultry and livestock diagnostic products are biologic products which demand materials from living organisms. Market development for companion animal diagnostic has depended heavily upon the purchasing and usage of in-clinic analyzers or diagnostic instruments used at veterinary practices.
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Geographic Segmentation
Based on the geography, the European Market is segmented into various regions namely, UK, Spain, Italy, Germany, and France. The Increase in purchase and usage of various diagnostic instruments that are utilized in veterinary practices, in-clinic diagnostic procedures, and high-income households that keep pets and regularly visit veterinary laboratories are propelling the growth of this market.
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The key players in the industry include VCA Inc., Heska Corporation, Abaxis, Inc., VIRBAC, IDEXX Laboratories, Inc., Life Technologies Corporation, Bio-Rad Laboratories Inc., Prionics AG, and Pfizer, Inc.
The Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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Market Data Forecast.
Abhishek Shukla
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abhishek@marketdataforecast.com
Source: EmailWire.Com 
Source: EmailWire.com
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