Companion Animal Diagnostics

4.1% Global CAGR for Companion Animal Diagnostics Market to achieve US$ 2,684.86 Mn by 2027

IDEXX Laboratories, Inc., Zoetis and Virbac -Notable Market Players in Companion Animal Diagnostics Market

The companion animal diagnostics market offerings deal with the epidemiology and pathogenesis of domestic animals and facilitate the prevention of further complications with the health of pets, as well as their owners.

Market leaders operating in the market have undertaken various organic growth strategies in the companion animal diagnostics Market. The companion animal diagnostics market majorly consists of the players such as Zoetis Inc., IDEXX laboratories, Inc, Thermo Fisher Scientific Inc, Virbac, Randox Laboratories Ltd, idvet, IDEXX Laboratories, Inc, Heska Corporation, Fujifilm Corporation, and Skyla Corporation. The companies have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. The companies have utilized organic strategies such as launches, expansion, and product approvals. Moreover, the companies have utilized inorganic strategies including mergers & acquisitions, partnership, and collaborations.

Below is the list of the growth strategies done by the players operating in the companion animal diagnostics market:

Year

News

Feb-20

Zoetis Inc. acquired of Ethos Diagnostic Science, a veterinary reference lab serving leading specialty animal hospitals. This acquisition has added Ethos Diagnostic’s robust diagnostic portfolio including hematology, clinical chemistry, urinalysis, microbiology, endocrinology, serology, cytology and histology in the company’s portfolio.

Jan-20

Heska Corporation acquired SCIL Animal Care Company to enhance its veterinary diagnostics portfolio and expand the geographic portfolio across North America and Europe.

Jan-20

IDEXX Laboratories, Inc. launched the Vcheck Feline NT-proBNP test kit for cardiac disease in cats with respiratory signsand adult cats prior to anesthesia.

Nov-19

Zoetis acquired ZNLabs that is a veterinary clinical reference laboratory with a network of labs across the U.S. The addition of ZNLabs has strengthened company’s portfolio and expanded its diagnostics footprint in the region.

 

 

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