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Veterinary Diagnostics Market is Expected to Reach $4.4 billion | MarketsandMarkets.

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Chicago, June 07, 2023 (GLOBE NEWSWIRE) — The veterinary diagnostics industry is poised for significant growth and advancements in the near future. As the demand for high-quality veterinary care continues to rise, there is an increasing need for accurate and timely diagnostic tools and technologies to aid in the diagnosis and treatment of animals. The industry is witnessing a shift towards more advanced and sophisticated diagnostic methods, including molecular diagnostics, point-of-care testing, and advanced imaging techniques. These advancements are driven by the growing understanding of animal diseases, the need for early detection and prevention, and the desire to improve the overall health and well-being of animals. In addition, the integration of artificial intelligence and data analytics into veterinary diagnostics is expected to revolutionize the industry by enabling faster and more precise diagnoses, personalized treatment plans, and improved disease surveillance. The veterinary diagnostics industry is also witnessing collaborations between industry players, academic institutions, and research organizations to foster innovation and develop novel diagnostic solutions. With the increasing focus on preventive healthcare and the growing pet ownership rates, the veterinary diagnostics industry is set to play a vital role in ensuring the health and welfare of animals in the near future.

Veterinary Diagnostics market in terms of revenue was estimated to be worth $2.8 billion in 2022 and is poised to reach $4.4 billion by 2027, growing at a CAGR of 9.2% from 2022 to 2027 according to a latest report published by MarketsandMarkets™. The global veterinary diagnostics market offers significant growth opportunities for market players. Market growth can largely be attributed to the growth in the companion animal population, the rising demand for animal-derived food products, the growing animal health expenditure, increasing disease control & disease prevention measures, and growth in the number of veterinarians and income levels in developed economies. This is considered an indicator of the growth of the veterinary diagnostics market. However, the high costs of veterinary diagnostic tests and increasing pet care costs are expected to restrain the growth of this market during the forecast period.

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Veterinary Diagnostics Market Scope:

Report Coverage Details
Market Revenue in 2022 $2.8 billion
Estimated Value by 2027 $4.4 billion
Growth Rate Poised to grow at a CAGR of 9.2%
Market Size Available for 2020–2027
Forecast Period 2022–2027
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered By product, technology, animal type, and end user
Geographies Covered North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
Report Highlights Updated financial information / product portfolio of players
Key Market Opportunities Increased use of PCR testing panels to rule out COVID-19 virus in animals
Key Market Drivers Increasing disease control & disease prevention measures

Major Veterinary Diagnostics market players covered in the report, such as:

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  • IDEXX Laboratories Inc. (US)
  • Zoetis Inc. (US)
  • Thermo Fisher Scientific Inc. (US)
  • bioMérieux SA (France)
  • Heska Corporation (US)
  • NEOGEN Corporation (US)
  • Bio-Rad Laboratories Inc. (US)
  • Virbac (France)
  • FUJIFILM Holdings Corporation (Japan)
  • Shenzhen Mindray Animal Medical Technology Co. Ltd. (China)
  • INDICAL BIOSCIENCE GmbH (Germany)
  • BioNote Inc. (South Korea)
  • Biogal Galed Labs (Israel)
  • Agrolabo S.p.A. (Italy)
  • IDvet (France)
  • Randox Laboratories Ltd. (Ireland)
  • BioChek (Netherlands)
  • Fassisi GmbH (Germany)
  • Alvedia (France)
  • SKYER Inc. (South Korea)
  • Shenzhen Bioeasy Biotechnology Co. Ltd. (China)
  • Biopanda Reagents (UK)
  • Precision Biosensor Inc. (South Korea)
  • Skyla Corporation (China)
  • EUROIMMUN Medizinische Labordiagnostika AG (Germany)
  • and Among Others

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The study categorizes the veterinary diagnostics market based on product, technology, animal type, and end user and regional & global level:

Global Veterinary Diagnostics Market, by Product

  • Consumables
  • Instruments

Global Veterinary Diagnostics Market, by Technology

  • Immunodiagnostics                       
    • Lateral Flow Assays        
      • Lateral Flow Rapid Tests
      • Lateral Flow Strip Readers
    • ELISA Tests        
    • Allergen-specific Immunodiagnostic Tests            
    • Immunoassay Analyzers
    • Other Immunodiagnostic Products          
  • Clinical Biochemistry                     
    • Clinical Chemistry Analysis          
      • Clinical Chemistry Reagent Clips and Cartridges
      • Clinical Chemistry Analyzers
    • Glucose Monitoring       
      • Blood Glucose Strips
      • Glucose Monitors
      • Urine Glucose Strips
    • Blood Gas & Electrolyte Analysis               
      • Blood Gas and Electrolyte Reagent Clips and Cartridges
      • Blood Gas & Electrolyte Analyzers
  • Molecular Diagnostics                   
    • Ploymerase Chain Reaction (PCR) Tests 
    • Microarrays       
    • Other Molecular Diagnostic Products     
  • Hematology                      
    • Hematology Cartridges 
    • Hematology Analyzers  
  • Urinalysis                            
    • Urinalysis Clips & Cartridges/Panels        
    • Urine Analyzers
    • Urine Test Strips              
  • Other Veterinary Diagnostic Technologies                            

Global Veterinary Diagnostics Market, by Animal Type

  • Companion Animals
    • Dogs
    • Cats
    • Horses
    • Other Companion Animals
  • Livestock
    • Cattle
    • Pigs
    • Poultry
    • Other Livestock

Global Veterinary Diagnostics Market, by End User

  • Veterinary Reference Laboratories
  • Veterinary Hospitals & Clinics
  • Point-of-care/ In-house Testing
  • Veterinary Research Institutes & Universities

Global Veterinary Diagnostics Market, by Region

  • North America
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa

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The key stakeholders in the veterinary diagnostics market include:

  • Veterinary Clinics and Hospitals: These are the primary end-users of veterinary diagnostic products and services. They rely on diagnostic tests and equipment to accurately diagnose and monitor various diseases and conditions in animals.
  • Veterinary Diagnostic Laboratories: These specialized laboratories play a crucial role in conducting diagnostic tests and analyses on samples collected from animals. They provide valuable diagnostic services to veterinary clinics, hospitals, and research institutions.
  • Pharmaceutical and Biotechnology Companies: These companies develop and manufacture diagnostic products and technologies specifically designed for veterinary use. They invest in research and development to create innovative diagnostic solutions for the veterinary industry.
  • Research Institutions and Universities: These institutions conduct research on animal health and diseases, contributing to the development of new diagnostic methods and technologies. They also play a role in training future veterinarians and researchers in the field of veterinary diagnostics.
  • Animal Owners and Breeders: Animal owners and breeders are important stakeholders in the veterinary diagnostics market as they rely on diagnostic tests to monitor the health of their animals, identify diseases, and make informed breeding decisions.
  • Regulatory Authorities: Regulatory agencies and bodies establish guidelines and regulations for veterinary diagnostic products and services to ensure their safety, efficacy, and quality. They play a vital role in maintaining standards and promoting the proper use of veterinary diagnostics.
  • Distributors and Suppliers: These entities are involved in the distribution and supply chain of veterinary diagnostic products. They ensure that diagnostic tests, equipment, and consumables reach veterinary clinics, hospitals, and laboratories in a timely manner.
  • Insurance Companies: Insurance providers offer coverage for veterinary care, including diagnostic services. They play a role in reimbursement and financial support for animal owners seeking veterinary diagnostic services.
  • Industry Associations and Professional Organizations: These entities represent the interests of the veterinary diagnostics industry, promote collaboration and knowledge sharing among stakeholders, and advocate for advancements in the field.
  • Government and Regulatory Bodies: Government agencies and regulatory bodies set policies, guidelines, and regulations related to animal health and diagnostics. They may provide funding for research and development and play a role in public health and safety.

These stakeholders work together to drive innovation, ensure quality standards, and improve the diagnosis and treatment of animal diseases through veterinary diagnostics.

Veterinary Diagnostics Market Frequently Asked Questions (FAQs):

Q1. What is the total market value of Veterinary Diagnostics Market report?

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Q2. Which are the top companies holding the market share in Veterinary Diagnostics Market?

Q3. Which are the largest regions for this Market?

Q4. What is the leading technology of Veterinary Diagnostics Market?

Q5. What are the major drivers for this specific Market?

Q6. What are the upcoming key trends in the Veterinary Diagnostics Market report?

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Key Benefits of Buying the Report:

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a more significant share of the market. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their position in the market.

This report provides insights into the following pointers:

  • Market Penetration: Comprehensive information on product portfolios offered by the top players in the global veterinary diagnostics market. The report analyzes this market by product, technology, animal type, end user, and region.
  • Product Enhancement/Innovation: Detailed insights on upcoming trends and product launches in the global veterinary diagnostics market.
  • Market Development: Comprehensive information on the lucrative emerging markets by product, technology, animal type, end user, and region.
  • Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global veterinary diagnostics market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, competitive leadership mapping, and capabilities of leading players in the global veterinary diagnostics market.

Related Reports:

Antimicrobial Susceptibility Testing Market

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Veterinary Reference Laboratory Market

Animal Wound Care Market

Veterinary Infectious Disease Diagnostics Market

Veterinary Imaging Market

With the given market data, MarketsandMarkets offers customizations as per your company’s specific needs. The following customization options are available for the report:

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  • Company Information
  • Detailed analysis and profiling of additional market players (up to 5)

Geographic Analysis:

  • Further breakdown of the RoE veterinary diagnostics market into Austria, Finland, and others
  • Further breakdown of the RoAPAC veterinary diagnostics market into Australia, South Korea, and others
  • Further breakdown of the RoLATAM veterinary diagnostics market into Argentina, Colombia, Chile, and others
  • Competitive Landscape Assessment
  • Market share analysis for the North America and Europe region, which provides market shares of the top 3–5 key players in the veterinary diagnostics market
  • Competitive leadership mapping for established players in the US

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/veterinary-diagnostics-market.asp

Content Source: https://www.marketsandmarkets.com/PressReleases/veterinary-diagnostics.asp


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YES Delivers Multiple VeroTherm Formic Acid Reflow Systems To Leading Semiconductor Device Customers

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FREMONT, Calif., June 26, 2024 /PRNewswire/ — YES (Yield Engineering Systems, Inc.), a leading manufacturer of process equipment for semiconductor advanced packaging applications, today announced that it has delivered multiple VeroTherm Formic Acid Reflow (FAR) systems to leading logic and memory customers. This system will be utilized to enable 3D stacking of memory and logic chips required to support the growth of high-performance AI accelerators driven by large language model (LLM) applications.

The VeroTherm FAR system is designed to provide solutions for achieving sub 10-micron micro-bump structures with fluxless solder and mass reflow processes. This system enables superior quality and total cost of ownership (CoO) particularly for the manufacturing of advanced packaging architectures such stacked logic and high bandwidth memory (HBM) that are an integral part of the AI accelerators currently being launched in the market.
“The VeroTherm offers unique single wafer chamber design with flexibility to improve reflow quality and addresses challenges associated with reduced bump pitches. YES has demonstrated superior reflow results with no bump cracking defects observed at sub-30 micron pitch and no collapsed bumps with pitches down to 12um. YES proprietary process also results in defect-free solder reflow resulting in high throughput and low CoO. These results can extend bump-based mass reflow technology to sub-10um pitch,” said Alex Chow, SVP Global Sales at YES. “These orders are an important milestone for YES as it is a validation of our efforts to serve the multiple market segments,” Chow added.
According to Saket Chadda, SVP and GM, Dry Business Unit at YES, “Our Verotherm FAR wafer product line offers vacuum based single wafer processing with unique capabilities of performing the task of removing oxides and reflowing solder into excellent bump shapes without defects found in older atmospheric pressure systems. It eliminates SnAg agglomerate defects and rough surfaces while minimizing inter-metallic compound zones with extendibility down to sub-10um micron pitches.”
About YES
YES (Yield Engineering Systems, Inc.) is a leading manufacturer of high-tech, cost-effective equipment for transforming surfaces, materials and interfaces.  The company’s product lines include vacuum cure ovens, chemical vapor deposition (CVD) systems, and plasma etching tools used for precise surface modification and thin-film coating of semiconductor wafers, semiconductor and MEMS devices, and biodevices. With YES, customers ranging from startups to Fortune 100 companies can create and volume-produce products in a wide range of markets, including Advanced Packaging, MEMS, Augmented Reality/Virtual Reality and Life Sciences. YES is headquartered in Fremont, California, with a growing global presence. For more information, please visit www.yieldengineering.com.
Media Contact
Alex ChowSVP Business Development & Mktg / Asia PresidentYES (Yield Engineering Systems, Inc.)+886-926136155 [email protected] 
Logo – https://mma.prnewswire.com/media/2357724/YES_TM_logo_RGBv2_Logo.jpg

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Amagi Strengthens its European Presence With the Inauguration of a New Office in Poland

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Amagi to Develop Flagship LIVE Products at Central European Innovation Center
ŁÓDŹ, Poland, June 26, 2024 /PRNewswire/ — Amagi, a leading global provider of cloud-based SaaS technology for broadcast and Connected TV (CTV), is focusing on engaging with the vibrant young technology talent in Poland as it inaugurates a new office in the bustling center of Łódź. This move underlines Amagi’s dedication to harnessing the exceptional technology skills found in Poland, aiming to shape the future of global media and entertainment.

Poland has strategically positioned itself as a magnet for tech innovation. Its robust educational system produces engineering, computer science, and other tech-related graduates. This abundance of skilled professionals and a supportive environment make Poland a prime location for companies looking to tap into the global tech scene.
“The inauguration of this innovation center in Central Europe marks a key milestone in Amagi’s journey,” says Baskar Subramanian, Co-Founder and CEO of Amagi. “This center will provide a platform for Polish technology professionals to serve our global customers, underscoring Amagi’s strategic vision of being a frontrunner in the cloud-based live broadcast technology domain.”  
“The entry of Amagi into our market is a significant event for our technology sector,” says Adam Pustelnik, First Deputy Mayor of the City of Łódź. “This industry is growing rapidly and constantly needs new solutions, specialists, and a specific talent pool. We are delighted to collaborate with such an innovative company and support the development of our City together. I believe that Amagi, as a strong global brand, will help strengthen Łódź’s position in the global media technology market.”
In 2023, Amagi expanded its global footprint by acquiring Tellyo, a Polish company specializing in broadcast technology solutions. This strategic move marked Amagi’s initial foray into the Polish market and proved to be a significant growth catalyst for the company.  The talented Polish development teams are now at the forefront of several of Amagi’s industry-leading products, including Tellyo STUDIO, a platform designed to streamline live content production and delivery, and Tellyo PRO, a suite of tools tailored explicitly for high-pressure live broadcast environments like elections and significant sporting events, such as the Olympics.
“At Amagi, we’re driven by four core values that empower everyone in our ecosystem, from employees to customers, to thrive and reach their full potential truly,” says Prasad Menon, Chief People Officer at Amagi. “Our Polish team perfectly embodies this philosophy.  Their exceptional talent, dedication, and deep understanding of technology fuel the development of our industry-leading solutions.  Their ability to deliver cutting-edge products like Tellyo Studio and Tellyo Pro ensures Amagi continues to meet the ever-changing needs of the global media landscape.”
Amagi has significantly increased its customer base in the European region. It now delivers services to large media and entertainment industry players like DAZN, Grupa Polsat-Interia, and many more. Amagi also delivers linear channels in over 40 countries worldwide, with a strong presence in the American market. Its global client list includes ABS-CBN, AccuWeather, A+E Networks UK, Cineverse, and more.
About Amagi
Amagi is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms. Amagi enables content owners to launch, distribute, and monetize live linear channels on Free Ad-supported Streaming TV and video services platforms. Amagi also offers 24×7 cloud-managed services bringing simplicity, advanced automation, and transparency to the entire broadcast operations. Overall, Amagi supports 800+ content brands, 800+ playout chains, and over 3800+ channel deliveries on its platform in over 150 countries. Amagi has a presence in New York, Los Angeles, London, Paris, Melbourne, Seoul, Singapore, and broadcast operations in New Delhi, and innovation centers in Bangalore, Zagreb, and Łódź.
About Invest in Łódź 
Our Bureau supports investors & businesses by being an integrator of diverse entities around the City and its offerings and facilitating relations among stakeholders. Moreover we provide services and tools that create value for future investors and stakeholders and promote the business brand of the City.
Link to Word Doc: www.wallstcom.com/Amagi/240625-Amagi-Poland.docx 
Link to Polish Translation: www.wallstcom.com/Amagi/240625-Amagi-Poland-Po.docx
Photo Link: www.wallstcom.com/Amagi/Poland_Office.jpg
Photo Caption: Deputy Mayor of the City of Łódź, Adam Pustelnik, Prasad Menon, Chief People Officer at Amagi, Mariusz OstojaSwierczynski, Senior Director of Engineering at Amagi, and Jakub Majkowski, Founder and COO of Tellyo, at the inauguration of the new innovation center in Łódź.
 
Amagi Contact:
Aashish Washikar
Director – Corporate Communications
Email: [email protected]
Phone : +91 9533390005

Photo – https://mma.prnewswire.com/media/2447827/Amagi_New_Office.jpg

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Synechron to acquire Adelaide-headquartered companies Chamonix IT and Exposé to grow its digital transformation, engineering, AI, and data and analytics capabilities in Australia

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This acquisition extends Synechron’s reach across the country, establishing a presence in key hubs and unlocking new industries and clients.
SYDNEY and NEW YORK and LONDON and PUNE, India, June 26, 2024 /PRNewswire/ — Synechron, a global leader in digital transformation consulting for the financial and technology sectors, is proud to announce that it has executed a definitive agreement for the acquisition of Chamonix IT Management Consulting Pty Ltd and Exposé Data Pty Ltd. Both companies are headquartered in Adelaide, Australia, with additional operations in Melbourne and Brisbane and share a common goal of delivering digital transformation, artificial intelligence, and analytics expertise to clients across several key industries including government, healthcare, utilities, energy, and education. The definitive agreement with respect to the acquisition was signed on Tuesday, 25 June, 2024, and is subject to customary closing conditions, including approval by the Australian Foreign Investment Review Board (FIRB).

Chamonix IT, established in 2010, is the leading provider of digital transformation services to organizations in South Australia. With a skilled team of approximately 150 professionals, Chamonix IT has been pivotal in delivering cutting-edge solutions that address complex challenges and drive significant outcomes for enterprise-level and public sector clients. Chamonix IT’s founders established Exposé as a new company in 2016 to bring the same level of expertise, this time focused specifically on data science and engineering, data modelling and visualization, and artificial intelligence. Among the fastest-growing IT organizations in Australia, Exposé currently has a team of approximately 50 people across the country.
The two organizations will join Synechron’s core digital transformation consulting business alongside recently acquired iGreenData, which expanded Synechron’s data and blockchain expertise in the financial services sector. With these additions, Synechron has effectively doubled its presence in the country, achieving coverage across major sectors. This strategic positioning allows the company to capitalize on the growing information technology (IT) investment in Australia encompassing SaaS, IT services, and analytics, while simultaneously enhancing its ability to offer support and solutions across Asia, the Americas, and Europe.
Faisal Husain, Synechron Co-founder and CEO, commented, “We look forward to welcoming Chamonix IT and Exposé into the Synechron family when the acquisition is completed. They will enrich our presence in Australia, bringing fresh expertise and capabilities that complement our ongoing commitment in the region. This move will enhance our service offerings and drive significant value, strengthening our strategy of continuous innovation and client-focused solutions.”
Scott Grigg, CEO of Chamonix IT, said, “Joining forces with Synechron is a significant milestone for us. Our shared dedication to excellence and innovation means we’re exceptionally positioned to offer transformative digital solutions that are second to none.”
Kelly Drewett, CEO of Exposé, added, “Becoming part of the Synechron family represents a massive opportunity. It accelerates our ability to innovate and empowers our employees to take on even more complex challenges on behalf of our clients.”
Technology Holdings acted as the financial advisor to Chamonix IT and Exposé on the transaction.
About Synechron:
At Synechron, we believe in the power of digital to transform businesses for the better. Our global consulting firm combines creativity and innovative technology to deliver industry-leading digital solutions. Synechron’s progressive technologies and optimization strategies span end-to-end Artificial Intelligence, Consulting, Digital, Cloud & DevOps, Data, and Software Engineering, servicing an array of noteworthy financial services and technology firms. Through research and development initiatives in our FinLabs we develop solutions for modernization, from Artificial Intelligence and Blockchain to Data Science models, Digital Underwriting, mobile-first applications and more. Over the last 20+ years, our company has been honored with multiple employer awards, recognizing our commitment to our talented teams. With top clients to boast about, Synechron has a global workforce of 14,000+, and has 55 offices in 20 countries within key global markets. For more information on the company, please visit our website or LinkedIn community.
About Chamonix IT:
Chamonix IT empowers businesses to excel through transformative IT services. Serving both enterprise and government organizations, Chamonix IT delivers tailored solutions that ensure long-term success. Chamonix IT’s expertise spans Advisory, Cloud & Infrastructure, Application Innovation, Security, and Managed Services, enabling businesses to remain competitive and innovative in an ever-evolving landscape. By embracing an adaptable and flexible approach, Chamonix IT helps organizations navigate the complexities of digital transformation to propel their business forward.
About Exposé:
Exposé is a leading data analytics and AI consulting firm delivering data-driven insights and business-focused outcomes to private and public sector clients across Australia. Exposé’s approach is designed to give its clients the quickest and most cost-effective path to tackle data and AI opportunities through best practice. Clients benefit from Exposé’s significant experience, research and development, and innovation, which is at the core of what we do and the values we uphold. Founded in 2016, Exposé is now the largest data analytics and AI business in South Australia and one of only a few female-led technology businesses in the region.
For more information please contact:
Rashmi Joshi,[email protected] [email protected]
OR
 Zoe Forbes-Pyfrom (+44) 7718 [email protected]
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