Veterinary Molecular Diagnostics Market Set to Surge at 7.9 % CAGR, to Reach USD 1.1 billion by 2031 | Transparency Market Research, Inc. [Yahoo! Finance]
IDEXX Laboratories, Inc. (IDXX)
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Source: Yahoo! Finance
Wilmington, Delaware, United States, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The veterinary molecular diagnostics industry was worth US$ 543.9 million in 2022. A CAGR of 7.9% is forecasted from 2023 to 2031, resulting in a market size of US$ 1.1 billion by 2031. It is expected that molecular diagnostic technologies will continue to progress, creating increasingly complex and intuitive tools. This could involve sensitivity, speed, and automation enhancements, facilitating veterinary practitioners' ability to conduct molecular diagnostics in various contexts. The creation of point-of-care molecular diagnostic instruments for veterinary medicine is gaining popularity. With the help of these rapid and portable diagnostic instruments, veterinarians could make prompt treatment and on-the-spot decisions. This trend towards point-of-care testing is consistent with the decentralization of diagnostic capacities. The interpretation of complex genetic data may b
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