The companion animal diagnostics market is valued at an estimated USD 1.7 billion in 2019 and is projected to grow at a CAGR of 9.8% to reach USD 2.7 billion by 2024. The growing companion animal ownership, rising demand for pet insurance, and the growth in the number of veterinary practitioners in developed countries are the major factors driving the growth of the companion animal diagnostics market. Key players, such as IDEXX Laboratories, Inc. (US) and Zoetis Inc. (US), will continue to dominate this market during the forecast period. The companies adopted new product launches and acquisitions as their major growth strategies to maintain their position in the market. To know about the assumptions considered for the study download the pdf brochure IDEXX Laboratories, Inc. (US) dominated the companion animal diagnostics market in 2018. The company has a diversified product portfolio, which includes a wide range of companion animal diagnostic products. IDEXX’s strong positio...
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