Global Veterinary Diagnostics Market By Type (Diagnostic Imaging, Immunodiagnostic Tests, Molecular Diagnostics, Clinical Chemistry, Hematology, Urinalysis) By Application (Infectious Diseases, Cancer, Hormonal Disorders), By Animal Type (Companion Animals, Livestock Animals), By Technology (Polymerase Chain Reaction, ELISA, Diagnostic Imaging), By Geographic Scope and Forecast
Report ID: 27421|No. of Pages: 202
Global Veterinary Diagnostics Market By Type (Diagnostic Imaging, Immunodiagnostic Tests, Molecular Diagnostics, Clinical Chemistry, Hematology, Urinalysis) By Application (Infectious Diseases, Cancer, Hormonal Disorders), By Animal Type (Companion Animals, Livestock Animals), By Technology (Polymerase Chain Reaction, ELISA, Diagnostic Imaging), By Geographic Scope and Forecast
Global Veterinary Diagnostics Market Size and Forecast
The Global Veterinary Diagnostics Market size was valued at USD 2.84 Billion in 2024 and is projected to reach USD 4.52 Billion by 2031, growing at a CAGR of 6.59% from 2024 to 2031.
- Veterinary diagnostics involve the testing and analysis of animal samples (such as blood, tissue, or urine) to diagnose diseases, monitor health, and support preventive care in animals.
- The application of veterinary diagnostics spans across various sectors, including pet healthcare, livestock management, and wildlife conservation, helping veterinarians identify infections, genetic disorders, and metabolic diseases.
- The future of veterinary diagnostics is promising, with advancements in molecular diagnostics, rapid point-of-care testing, and the integration of artificial intelligence, which will improve diagnostic accuracy, treatment outcomes, and animal welfare, driven by increasing pet ownership and a focus on animal health.
Global Veterinary Diagnostics Market Dynamics
The key market dynamics that are shaping the global veterinary diagnostics market include:
Key Market Drivers:
- Rising Pet Ownership and Expenditure: Increased pet ownership, especially in developed countries, has fueled demand for advanced veterinary diagnostics. For example, the American Pet Products Association reported that U.S. pet industry spending reached $136.8 billion in 2022, reflecting a growing focus on pet health and diagnostics.
- Growing Livestock Population: The expanding global livestock population drives the demand for veterinary diagnostics in ensuring food safety and animal health. According to the Food and Agriculture Organization (FAO), the global cattle population reached approximately 1.5 billion in 2023.
- Government Initiatives and Regulations: Governments worldwide are implementing stringent regulations for animal disease prevention and control. For instance, the U.S. Department of Agriculture (USDA) allocated $40 million in 2023 to enhance animal disease preparedness, supporting the veterinary diagnostics sector.
- Advancements in Diagnostic Technologies: Technological advancements, such as PCR testing and point-of-care diagnostics, are improving the accuracy and efficiency of veterinary diagnostics. The National Institutes of Health (NIH) has been actively funding research in molecular diagnostics, contributing to faster disease identification and treatment in animals.
Key Challenges:
- High Costs of Advanced Diagnostic Tools: The expensive nature of advanced diagnostic equipment and procedures can limit their adoption, particularly in low-income regions and small veterinary practices.
- Limited Access to Veterinary Care in Rural Areas: Many rural areas lack proper veterinary infrastructure and diagnostic services, restricting access to timely disease detection and treatment for livestock and pets.
- Regulatory and Compliance Barriers: Stringent regulatory approvals and complex compliance requirements for veterinary diagnostic products can delay market entry and innovation.
- Lack of Skilled Veterinarians and Technicians: A shortage of trained professionals in using sophisticated diagnostic tools and interpreting results can hinder the effective implementation of diagnostics.
Key Trends:
- Adoption of Point-of-Care Diagnostics: There is an increasing shift toward portable and on-site diagnostic solutions, enabling veterinarians to quickly diagnose diseases without laboratory delays.
- Integration of AI and Data Analytics: Artificial intelligence (AI) and data analytics are being integrated into veterinary diagnostics to improve diagnostic accuracy, predict outcomes, and enhance decision-making.
- Growth of Companion Animal Diagnostics: The rising demand for diagnostics focused on pets, especially for chronic conditions like diabetes and cancer, is significantly driving the market.
- Development of Molecular and Genetic Testing: Advances in molecular diagnostics, such as PCR and genome sequencing, are offering precise and early detection of infectious diseases and genetic disorders in animals.
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Global Veterinary Diagnostics Market Regional Analysis
Here is a more detailed regional analysis of the global veterinary diagnostics market:
North America:
- North America is the dominant region in the global veterinary diagnostics market, driven by advanced healthcare infrastructure, high pet ownership, and significant spending on animal healthcare. The United States leads the region, accounting for a substantial market share due to robust investments in veterinary research, cutting-edge diagnostic technologies, and a well-established veterinary care system. According to the American Pet Products Association, Americans spent over $34 billion on veterinary care and diagnostics in 2023, reflecting the growing emphasis on animal health.
- Moreover, the region benefits from a rising awareness of zoonotic diseases and the increasing need for preventive diagnostics in livestock to ensure food safety. Government initiatives, such as the U.S. Department of Agriculture’s (USDA) programs for animal health surveillance and diagnostics, further support market expansion. The Canadian market is also growing steadily, with its focus on livestock diagnostics and companion animal care.
Asia Pacific:
- Asia Pacific is the fastest-growing region in the global veterinary diagnostics market, fueled by rapid economic growth, increasing pet ownership, and rising demand for animal-derived food products. The growing middle class in countries like China and India has led to a surge in companion animal care, boosting the demand for advanced veterinary diagnostic solutions. Additionally, the livestock sector’s expansion is driving the need for veterinary diagnostics to ensure animal health and food safety. The Asia Pacific region’s market growth is supported by favorable government policies aimed at improving animal healthcare and disease prevention.
- According to government reports, China and India are experiencing double-digit growth in the veterinary diagnostics sector, with China’s livestock population being one of the largest globally. Government initiatives such as India’s National Livestock Mission are aimed at improving livestock health and productivity, further driving market expansion. The rising investment in veterinary clinics and diagnostic labs across the region also contributes to the rapid growth of this market.
Global Veterinary Diagnostics Market: Segmentation Analysis
The Global Veterinary Diagnostics Market is segmented on the basis of By Type, By Application, By Animal Type, By Technology and By Geography.
Global Veterinary Diagnostics Market, By Type
- Diagnostic Imaging
- Immunodiagnostic Tests
- Molecular Diagnostics
- Clinical Chemistry
- Hematology
- Urinalysis
Based on Type, the Global Veterinary Diagnostics Market is segmented into Diagnostic Imaging, Immunodiagnostic Tests, Molecular Diagnostics, Clinical Chemistry, Hematology, and Urinalysis. Immunodiagnostic tests dominate the segment due to their broad diagnostic range and ease of use, making them a go-to tool for veterinarians. The fastest-growing segment is molecular diagnostics, driven by advancements in genetic testing and the increasing demand for precise diagnostics.
Global Veterinary Diagnostics Market, By Application
- Infectious Diseases
- Cancer
- Hormonal Disorders
Based on Application, the Global Veterinary Diagnostics Market is segmented into Infectious Diseases, Cancer, Hormonal Disorders, Infectious diseases dominate the segment due to the high prevalence of such diseases in animals, making timely and accurate diagnosis essential for treatment and prevention. The fastest-growing segment is cancer diagnostics, as increasing awareness and advancements in veterinary oncology drive demand for early detection and treatment options.
Global Veterinary Diagnostics Market, By Animal Type
- Companion Animals
- Livestock Animals
Based on Animal Type, the Global Veterinary Diagnostics Market is segmented into Companion Animals and Livestock Animals. Companion animals dominate due to the surge in pet ownership and increasing spending on advanced diagnostics. Livestock animals are the fastest-growing segment, driven by the growing focus on ensuring animal health for food safety and production efficiency.
Global Veterinary Diagnostics Market, By Technology
- Polymerase Chain Reaction
- ELISA
- Diagnostic Imaging
Based on Technology, the Global Veterinary Diagnostics Market is segmented into Polymerase Chain Reaction, ELISA, Diagnostic Imaging. ELISA (Enzyme-Linked Immunosorbent Assay) is the dominant segment due to its widespread application and reliability in diagnosing various diseases. Meanwhile, the fastest-growing segment is Polymerase Chain Reaction (PCR), driven by its ability to provide rapid and highly accurate results for detecting genetic and infectious diseases, which enhances diagnostic capabilities in veterinary medicine.
Global Veterinary Diagnostics Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on the Geography, the Global Veterinary Diagnostics Market are classified into North America, Europe, Asia Pacific, and Rest of World. North America is the dominant region in the global veterinary diagnostics market, driven by advanced healthcare infrastructure, high pet ownership, and significant spending on animal healthcare. Asia Pacific is the fastest-growing region in the global veterinary diagnostics market, fueled by rapid economic growth, increasing pet ownership, and rising demand for animal-derived food products.
Key Players
The “Global Veterinary Diagnostics Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market Antech Diagnostics, Inc., bioMérieux SA, IDEXX Laboratories Inc., Virbac, Zoetis Inc., Heska Corporation, Thermo Fisher Scientific, Neogen Corporation, QIAGEN N.V., and IDvet.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Global Veterinary Diagnostics Market: Recent Developments
- In June 2024 Zoetis, a leading animal health company, announced the expansion of its diagnostic offerings in June 2024 with the launch of a new suite of point-of-care testing solutions for companion animals.
- In May 2024 IDEXX Laboratories completed the acquisition of a European-based veterinary diagnostic company specializing in molecular diagnostics. This move strengthens IDEXX’s position in the global market by integrating advanced molecular technologies and expanding its footprint in Europe, driving innovations in animal health diagnostics.
- In April 2024 Thermo Fisher Scientific introduced a new PCR-based diagnostic test for detecting zoonotic diseases in livestock. The test is aimed at early disease detection, ensuring timely intervention and reducing the spread of diseases that could impact both animals and humans, aligning with global efforts to improve livestock health.
Report Scope
| Report Attributes | Details |
|---|---|
| Study Period | 2021-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2021-2023 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Antech Diagnostics, Inc., bioMérieux SA, IDEXX Laboratories Inc., Virbac, Zoetis Inc., Heska Corporation, Thermo Fisher Scientific, Neogen Corporation, QIAGEN N.V., and IDvet. |
| Segments Covered | By Type, By Application, By Animal Type, By Technology and By Geography. |
| Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL VETERINARY DIAGNOSTICS MARKET
1.1 Introduction of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL VETERINARY DIAGNOSTICS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL VETERINARY DIAGNOSTICS MARKET, BY TYPE
5.1 Overview
5.2 Diagnostic Imaging
5.3 Immunodiagnostic Tests
5.4 Molecular Diagnostics
5.5 Clinical Chemistry
5.6 Hematology
5.7 Urinalysis
6 GLOBAL VETERINARY DIAGNOSTICS MARKET, BY APPLICATION
6.1 Overview
6.2 Infectious Diseases
6.3 Cancer
6.4 Hormonal Disorders
6.5 Others
7 GLOBAL VETERINARY DIAGNOSTICS MARKET, BY TECHNOLOGY
7.1 Overview
7.2 Polymerase Chain Reaction
7.3 ELISA
7.4 Diagnostic Imaging
7.5 Others
8 GLOBAL VETERINARY DIAGNOSTICS MARKET, BY ANIMAL TYPE
8.1 Overview
8.2 Companion Animals
8.3 Livestock Animals
9 GLOBAL VETERINARY DIAGNOSTICS MARKET, BY GEOGRAPHY
9.1 Overview
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 Latin America
9.5.2 Middle East & Africa
10 GLOBAL VETERINARY DIAGNOSTICS MARKET COMPETITIVE LANDSCAPE
10.1 Overview
10.2 Company Market Ranking
10.3 Key Development Strategies
11 COMPANY PROFILES
11.1 Antech Diagnostics, Inc.
11.1.1 Overview
11.1.2 Financial Performance
11.1.3 Product Outlook
11.1.4 Key Developments q q
11.2 bioMérieux SA
11.2.1 Overview
11.2.2 Financial Performance
11.2.3 Product Outlook
11.2.4 Key Developments
11.3 IDEXX Laboratories Inc.
11.3.1 Overview
11.3.2 Financial Performance
11.3.3 Product Outlook
11.3.4 Key Developments
11.4 Virbac
11.4.1 Overview
11.4.2 Financial Performance
11.4.3 Product Outlook
11.4.4 Key Developments
11.5 Zoetis Inc.
11.5.1 Overview
11.5.2 Financial Performance
11.5.3 Product Outlook
11.5.4 Key Developments
11.6 Heska Corporation
11.6.1 Overview
11.6.2 Financial Performance
11.6.3 Product Outlook
11.6.4 Key Developments
11.7 Thermo Fisher Scientific
11.7.1 Overview
11.7.2 Financial Performance
11.7.3 Product Outlook
11.7.4 Key Developments
11.8 Neogen Corporation
11.8.1 Overview
11.8.2 Financial Performance
11.8.3 Product Outlook
11.8.4 Key Developments
11.9 QIAGEN N.V.
11.9.1 Overview
11.9.2 Financial Performance
11.9.3 Product Outlook
11.9.4 Key Developments
11.10 IDvet
11.10.1 Overview
11.10.2 Financial Performance
11.10.3 Product Outlook
11.10.4 Key Developments
12 Appendix
12.1 Related Research
Report Research Methodology
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
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Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
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We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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