(MENAFN- ACCESSWIRE) Equine diagnostic service providers continue to invest in improvements for lab and mobile testing facilities, keeping up with rising expertise in tech including molecular assays.
ROCKVILLE, MD / ACCESSWIRE / November 9, 2020 / The equine diagnostic services market is estimated to cross a valuation of US$ 280 Mn by the conclusion of the assessment period between 2020 and 2030. The new Fact.MR report says that concerns over covid-19 transmission, has generated opportunities for market players in terms of telehealth facilities. Also, growing awareness among horse owners about equine coronavirus during the crisis period is expected to support short term growth. The growth is likely to continue post-pandemic, with standardization of diagnostic test parameters.
& quot;The demand for equine diagnostic services around the world has being going through steady growth, supported by awareness programs for horse owners about infectious ailments such as trypanosomosis, equine coronavirus, and others, which will sustain market developments in the long term, & quot; says the Fact.MR analyst.
Request a report sample to gain more market insights at
[To enable links contact MENAFN] & amp;rep_id=5229
Equine Diagnostic Services Market - Important Takeaways
- Equine trypanosomosis diagnostics is expected to display fast growth on the back of investments into prophylactic drug development.
- Hospitals and clinics will remain the primary end users of equine diagnostic services, owing to higher availability of capital and access to full body scans and MRI equipment.
- Asia Pacific is a key market for equine diagnostic services, supported by rising interest in equine sports activities in the region.
Equine Diagnostic Services Market - Driving Factors
- Investments into telemedicine facilities are expected to generate growth opportunities during the coronavirus crisis, and beyond.
- Improvements in insurance, and interest in horses for leisure, sports, and betting activities remain major contributors to market developments.
Equine Diagnostic Services Market - Leading Constraints
- Fragmented knowledge on equine epidemiology and lack of a centralized veterinary authority is a challenge to market developments.
- Lack of investments by pharmaceutical companies into animal health divisions slows down developments in the sector.
Anticipated Market Impact by Coronavirus Outbreak
The coronavirus pandemic has moderately impacted the global equine diagnostic services market. Concerns about viral transmission between health care professionals and clients has impacted operations in veterinary facilities. Also, lockdown restrictions have resulted in cash flow problems for players in the industry, which has pushed service providers to avail short term loan facilities.
Improvements in telemedicine technologies will provide opportunities for market players to minimize losses during the crisis. Further, awareness programs associated to equine coronavirus have proven beneficial to the industry. With investments into MRI and full body scans, the growth of the market will continue in the post-pandemic era.
Explore the global equine diagnostic service market with 61 figures, 56 data tables, along with the table of contents of the report. You can also find detailed segmentation on [To enable links contact MENAFN]
Competition Landscape
Some of the prominent service providers in the global equine diagnostic service market include but are not limited to Equiseq Inc., IDEXX Laboratories Inc., Generatio GmbH, Etalon Inc., VetGen, Veterinary Genetics Laboratories, and Animal Genetics Inc.
Equine diagnostic services market players manufacturers are pushing for improvements to service developments, and collaborations to widen scope of service changes, for long term growth prospects.
For example, IDEXX Laboratories Inc. has introduced rapid, digital, cytology for veterinarians to collaborate on fast-tracked cytology interpretations through the VetConnect PLUS platform. Zoetis Inc. has acquired Pheonix Central Laboratory for point of care veterinary diagnostics. Virtual Veterinary Specialists has unveiled virtual referrals with telemedicine facilities for diagnostic results in real time.
More on the Report
The FACT.MR & #39;s market research report provides in-depth insights on equine diagnostic service market. The market is scrutinized according to service type (genetic testing, phenotype testing, infectious disease testing, and others), and service setting (hospitals & amp; clinics, and lab testing and mobile settings) across five key regions (North America, Latin America, Europe, Asia Pacific, and Middle East and Africa).
Explore Wide-ranging Coverage of Fact.MR & #39;s Healthcare Landscape
Colorectal Cancer Diagnostics Market : Find insights on the global colorectal cancer diagnostics market with analysis of segments, statistics, influencers, market players and business strategies adopted over a 5-year forecast period.
Sepsis Diagnostics Market : Fact.MR & #39;s report on the global sepsis diagnostics market offers insights on the market set for strong growth during 2017-2026, including restraining forces, revenue sources, market leaders, and market strategies.
Glaucoma Diagnostics Market : Read an analysis on the glaucoma diagnostics market with insights on growth factors, opportunities, restraints, regional market forecast, regulatory policies, and strengths of market leaders.
About Fact.MR
Fact.MR is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. Fact.MR is headquartered in Dublin, and has offices in Dubai. Fact.MR & #39;s latest market research reports industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Contact:
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email:
Web: [To enable links contact MENAFN]
PR- [To enable links contact MENAFN]
SOURCE: Fact.MR
View source version on accesswire.com:
[To enable links contact
MENAFN]
MENAFN09112020004220003708ID1101096727
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.