The Animal Genetics Market deals with the study and analysis of the genetic variation as well as hereditary characteristics exhibited by animals, wild and domesticated. Hereditary attributes is the key concept around which the science of animal genetics revolved around.
Various functions or operations like animal breeding and genetics, gene characteristics, various physical and mental traits, etc., all come under the purview of the Animal Genetics Market. Animal genetics testing makes the most of several cutting-edge statistical and testing models like cytological, ontogenetic, etc. As far as commercial veterinary genetics is concerned, services like testing for genetic diseases, DNA and a wide range of traits.
Scope & Regional Forecast of the Animal Genetics Market
The Animal Genetics Market is expected perform strongly over the next few years due to a few factors. The rapidly rising requirement for animal proteins and the solid urbanization pace across the world are chief among them. The rising global population level coupled with growing reliance for animal products has pushed animal producers into a corner. They are now aggressively utilizing animal genetic testing services in a bid to build stronger genetic lines among livestock and optimize production operations on a massive scale.
Other factors like growing prevalence of diseases affecting animals, eagerness shown by people to adopt domestic pets, and growing reports of zoonotic issues are also expected to boost the development of the Animal Genetics Market. Several private and public players have also plenty of enthusiasm in boosting animal genetics research by making significant investments. But hindrances in the form of high animal testing cost, no major research advances in recent years, and the presence of strict regulatory framework are pulling the Animal Genetics Market back from growing in an unfettered fashion.
Currently, North America holds the highest share in the Animal Genetics Market due to the presence of a solid and extensive healthcare system for animals, and greater awareness among veterinarians to stop the spread of dangerous diseases. On the other hand, Europe has exhibited a trend of investing greatly in veterinary services and animal safety.
Segmentations & Key Players Involved in the Animal Genetics Market
According to IndustryARC findings, the Animal Genetics Market can be broken down into various segmentations on the basis of –
Type: Canine, Poultry, Porcine and Bovine
Genetic Material: Semen (Bovine, Porcine, Equine) and Embryo (Bovine, Equine).
Testing Services: DNA Testing, DNA Typing and Genetic Disease Testing.
Geography: North America, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Animal Genetics Market according to IndustryARC are as follows:
Alta Genetics
CRV Holding B.V.
Neogen Corporation
Animal Genetics Inc.
Zoetis
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