Global Veterinary Diagnostics Market 2015 Size, Share, Trends & Analysis

Research Beam added report on “Global Veterinary Diagnostics Market Outlook 2015 – 2022”. The Global Veterinary Diagnostics Market is estimated to be $2.8 billion in 2014 and is poised to reach $5.9 billion by 2022, growing at a CAGR of 9.8% from 2014 to 2022. Some of the key factors driving the market growth are increasing awareness in developing nations towards animal health, advancement in the diagnostic technologies, surging demand for animal protein, increase in pet ownership, food safety and improved nutrition. Whereas factors such as financial hesitation, change to vegetarian diet, restrictions imposed by regulatory bodies, protest of activists against the animal research and increasing cost of animal testing and decrease in the Veterinary population are the major challenges in the Veterinary diagnostics Market.

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