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Nordic Veterinary Diagnostics Market to Grow on Account of Growing Concern for Zoonotic Diseases

13 Oct | By Aakash Choudhary

The total dog population in Denmark, Finland, Norway, and Sweden, according to the statistics by The European Pet Food Industry (FEDIAF), was 607000, 755000, 480000, and 890000 numbers respectively. Moreover, in the same year, the cat population in these countries registered were 670000, 965000, 770000, and 1480000 numbers respectively.


The statistics portray the growing number of companion animals in these countries, which in turn, is expected to generate numerous opportunities for the growth of the Nordic veterinary diagnostics market in the coming years. Moreover, with the availability of such a large animal population, the concern for different types of diseases amongst these animals is also projected to increase, which in turn would raise the need for diagnostic and treatment of these diseases. Furthermore, the growing concern for zoonotic diseases is also estimated to boost the market growth in the years to come.


The Nordic veterinary diagnostics market is anticipated to grow with a CAGR of 7.42% over the forecast period, i.e., 2021 – 2030. The market is estimated to garner a revenue of USD 166.80 Million by the end of 2030, up from a revenue of USD 81.69 Million in the year 2020. The market is segmented by product into consumables, reagents & kits, instruments & devices, and software & services. By the end of 2030, the consumables, reagents & kits segment is expected to generate the largest revenue of USD 86.68 Million by growing from USD 41.98 Million in the year 2020.


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On the basis of country, the Nordic veterinary diagnostics market is segmented into Denmark, Finland, Iceland, Norway, and Sweden. Amongst these, by the end of 2030, the market in Sweden is expected to generate the largest revenue of USD 58.55 Million. Additionally, the market in the country registered a revenue of USD 27.77 Million in the year 2020, and is further estimated to grow with the highest CAGR of 7.76% during the forecast period.


However, the high cost of pet care and lack of availability of skilled veterinarians are some of the major factors predicted to hinder the market growth.


This report also providesthe existing competitive scenario of some of the key players of the Nordic veterinary diagnostics market, which includes company profiling ofZoetis Inc., IDEXX Laboratories, Inc., Thermo Fisher Scientific Inc., bioMérieux SA, LifeAssays Ab, Bio-Rad Laboratories, Inc., INDICAL BIOSCIENCE GmbH, Alertix Veterinary Diagnostics AB, Heska Corporation, scil animal care company GmbH, DiaSystem Scandinavia AB, Boule Diagnostics AB, Lifetest Vet Equipment ApS, and others.


The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Nordic Veterinary Diagnostics Market: Demand Analysis & Opportunity Outlook 2030”, analyses the overall Nordic veterinary diagnostics market industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the Nordic veterinary diagnostics market in the near future.



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