Report ID: UCMIG35D2121
Report ID:
UCMIG35D2121 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for Johne's disease diagnostics, a condition affecting livestock, reached a valuation of USD 0.58 billion in 2021. Over the forecast period from 2022 to 2030, the market is expected to witness a steady growth rate with a compound annual growth rate (CAGR) of approximately 5.1%. This growth can be attributed to the increasing prevalence of Johne's disease worldwide and the rising demand for early and accurate diagnostics in the livestock industry. Factors such as government initiatives to control the spread of the disease, advancements in diagnostic technologies, and the growing awareness among farmers about the economic impact of Johne's disease are driving the market's expansion
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Services by segment aggregation, the contribution of the Health Care Services in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35D2121