Animal Diagnostics: Sister Market to IVD.pdf
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1、Animal Diagnostics: “Sister Market” to IVD? Has animal diagnostics become a fullyfledged “sister market” to IVD? As Kalorama analyst Emil Salazar detail in our full report on Veterinary Diagnostic Markets, that may be the case, as the market exceeds one billion dollars in potential revenues for test
2、ing companies. Several testing companies are looking to the veterinary diagnostics market to boost revenues and avoid the intense regulatory scrutiny of human diagnostic markets. Depending on the type of test instrument or reagent marketed, some companies have seen higher revenue growth rates than i
3、n human diagnostics. IDEXX, Abaxis and Life Technologies are among those who operated in both human and animal diagnostics. Pfizer Animal Health and Heska are players in animal testing of note. The chart in this white paper demonstrates the revenue growth rate of key companies in veterinary diagnost
4、ics. IDEXXs average growth over four years and the 20102011 revenue growth of Abaxis compares favorably to the average for the last five years in human in vitro diagnostics as a whole, according to Kalorama Informations published reports. The growth of these companies does not reflect the total mark
5、et, but does provide an indication of the growth available in the right product areas and with a wellexecuted marketing approach. 0.0 2.0 4.0 6.0 8.0 10.0 IDEXXAbaxisAvg. IVD Market 8.1% 8% 6% Revenue Growth Rate of Key Companies vs. IVD Veterinary diagnostics have incorporated technologies and meth
6、ods gained from human diagnostics and mainstream healthcare to develop a now fullfledged sister market that remains open to further innovation. Major diagnostic methods in mainstream healthcare immunodiagnostics, molecular testing (including nucleic acid testing), hematology and clinical chemistry n
7、ow have standard applications in the veterinary care of companion (pets) and food animals (livestock and production animals). Food Animal and Companion Animal Testing Markets Kalorama breaks out the diagnostic market in two parts: consumer and food animal. Common diagnostics products for companion a
8、nimals include analyzer instruments used at clinics, immunodiagnostic assays based on lateral flow design, and more sophisticated laboratory immunoassays completed on plates with microwells and slides. Molecular diagnostics represents a growing, though minor segment of the market with the laboratory
9、 utilization of polymerase chain reaction (PCR) and microarray tests. Market development for companion animal diagnostics has depended heavily upon the purchasing and usage of inclinic analyzers or diagnostic instruments used at veterinary practices. While outside veterinary reference laboratories c
10、ontinue to play a major role in companion animal diagnostics, inclinic diagnostics is the key feature of the contemporary market. Food animal diagnostics assist livestock and production animal preventive care and complement other measures such as vaccination and selective breeding. Immunodiagnostic
11、and molecular diagnostic products are used to monitor, manage and eradicate infectious diseases found in prevalent, highly dense food animal populations. The food animal diagnostics market is closely aligned with governmental efforts to protect domestic industries and human populaces from the ravage
12、s of outbreaks that include not only heavy economic losses and hunger, but also the transmission of disease into human populations. Unlike the companion animal diagnostics market, there is no direct consumer presence in the food animal diagnostics market. Veterinary practices are also insignificant
13、in their market representation, as many immunodiagnostic and molecular tests are completed in laboratories. The market also includes testing completed on select wildlife populations that are potential vectors of disease to domesticated animal populations. The single most important player in the glob
14、al veterinary diagnostics market is IDEXX. Though not a true pure play company with business segments for water and dairy testing and sales in human diagnostics, the companys core is in veterinary diagnostics where it is the apparent market leader. Larger companies from the life sciences, animal hea
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