Veterinary Diagnostics Market: By Product Type, By Animal Type, Swine Others), By End User and Geography

Veterinary Diagnostics Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Hematology tests, Immunodiagnostics, Clinical Chemistry, Molecular Testing), By Animal Type (Canine, Feline, Bovine, Poultry (Poultry ELISA, Poultry PCR), Swine (Poultry ELISA, Poultry PCR) Others), By End User (Veterinary Hospitals, Veterinary Clinics, Research Laboratories) and Region

Veterinary Diagnostics Market size was valued at US$ 2.7 billion in 2023 and is poised to grow at a CAGR of 9.5% from 2024-2030. Veterinary diagnostics are noninvasive ways of identifying and investigating the origins of animal ailments. Several novel technologies from the human diagnostics sector are being developed for use in the veterinary field. This pattern is projected to continue in the future, contributing to the market's expansion. The expansion of this market is being driven by an increase in the number of disease outbreaks in animals and zootonic diseases affecting humans. In addition, the growing quantity of food-producing and companion animals is fueling market expansion.

The growing trend toward a vegetarian diet, as well as economic uncertainties, are important obstacles for this sector. Companion animals such as cats, dogs, and horses have played an important part in the lives of many people. The animals provide companionship, demand care, and attention, and respond with affection. Increasing various zoonotic diseases, the rapid expansion of swine flu, and bird flu are expected to create potential opportunities for the animal diagnostics market. Increasing adoption of advanced technologies to diagnose the diseases enables creation of demand for the veterinary diagnostics market over the forecast period. Moreover, increased demand for meat and dairy products is expected to attract the demand for veterinary diagnostics. Rising demand for minimally invasive diagnostic methods coupled with the availability of novel products is expected to fuel the market revenue for veterinary diagnostics devices over the forecast period. A surge in companion animal adoption coupled with rising disposable income is expected to boost the veterinary vaccines market. However, stringent regulations such as prohibiting veterinary OTC medicine and higher cost of the products are expected to act as major roadblocks for the market revenue growth over the forecast period.

Veterinary Diagnostics Market Key Developments:
  • In April 2017, BioCheck launched two new PCR test kits. These are the New Castle disease virus multiplex RNA test kit, and the multispecies campylobacter multiplex DNA test kit.
 

Veterinary Diagnostics Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

9.5%

Largest Market

North America

Fastest Growing Market

Asia-Pacific

Veterinary Diagnostics Market Dynamics

Veterinary Diagnostics Market is consolidated with few players controlling by far the majority market share. The veterinary healthcare market is experiencing considerable mergers and acquisitions. The development of novel technologies and expanded applications to veterinary healthcare is expected to fuel market demand over the forecast period. A large number of mergers in animal healthcare have been undertaken, such as Pfizer, Merck, and Sanofi. Merial is formed in 1997 as a joint venture of sanofi's Rhone Merieux and Merck's MSD AgVet. Elanco entered the companion animal segment strongly in the USA in 2007 and expanded geographical footprints outside the U.S. with the acquisition of Janssen in 2011. In order to maintain leverage, companies are spending robust R&D is able to offer innovative products to the market.

Veterinary Diagnostics Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 2.7 billion

Market CAGR

9.5%

By Product Type

  • Hematology Tests
  • Immunodiagnostics
  • Clinical Chemistry
  • Molecular Testing

By Animal Type

  • Canine
  • Feline
  • Bovine
  • Poultry
  • Swine
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Key Features of the Report

  • The veterinary diagnostics market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
  • The veterinary diagnostics market report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The veterinary diagnostics market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The veterinary diagnostics market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The veterinary diagnostics market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

The veterinary diagnostics market size was valued at US$ 2.7 billion in 2023

The major players in the global veterinary diagnostic market are Agrolabo S.p.A., Covetrus, Heska Corp., IDEXX Laboratories Inc., IDvet, iM3Vet Pty Ltd., Neogen Corp., Thermo Fisher Scientific Inc., Virbac and Zoetis.

Asia Pacific is the fastest-growing region for veterinary diagnostics market

Author image

Author

Manoj Kumar

Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....

1.Executive Summary
2.Global Veterinary Diagnostics Market Introduction 
2.1.Global Veterinary Diagnostics Market  - Taxonomy
2.2.Global Veterinary Diagnostics Market  - Definitions
2.2.1. By Product
2.2.2. By Animal Type
2.2.3. By Region
3.Global Veterinary Diagnostics Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Veterinary Diagnostics Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Veterinary Diagnostics Market  By Product, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Hematology Tests
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Immunodiagnostics
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Clinical Chemistry
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Molecular Testing
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6.Global Veterinary Diagnostics Market  By Animal Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Canine
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Feline
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Bovine
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Poultry
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Swine
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Others
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
7.Global Veterinary Diagnostics Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Veterinary Diagnostics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Hematology Tests
8.1.2.Immunodiagnostics
8.1.3.Clinical Chemistry
8.1.4.Molecular Testing
8.2.  Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Canine
8.2.2.Feline
8.2.3.Bovine
8.2.4.Poultry
8.2.5.Swine
8.2.6.Others
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Veterinary Diagnostics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Product Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Hematology Tests
9.1.2.Immunodiagnostics
9.1.3.Clinical Chemistry
9.1.4.Molecular Testing
9.2.  Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Canine
9.2.2.Feline
9.2.3.Bovine
9.2.4.Poultry
9.2.5.Swine
9.2.6.Others
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
10.Asia Pacific (APAC) Veterinary Diagnostics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Hematology Tests
10.1.2.Immunodiagnostics
10.1.3.Clinical Chemistry
10.1.4.Molecular Testing
10.2.  Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Canine
10.2.2.Feline
10.2.3.Bovine
10.2.4.Poultry
10.2.5.Swine
10.2.6.Others
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Veterinary Diagnostics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Hematology Tests
11.1.2.Immunodiagnostics
11.1.3.Clinical Chemistry
11.1.4.Molecular Testing
11.2.  Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Canine
11.2.2.Feline
11.2.3.Bovine
11.2.4.Poultry
11.2.5.Swine
11.2.6.Others
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Veterinary Diagnostics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Hematology Tests
12.1.2.Immunodiagnostics
12.1.3.Clinical Chemistry
12.1.4.Molecular Testing
12.2.  Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Canine
12.2.2.Feline
12.2.3.Bovine
12.2.4.Poultry
12.2.5.Swine
12.2.6.Others
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Mindray Medical International Ltd.
13.2.2.ABAXIS, Inc.
13.2.3.Biocheck smart veterinary diagnostics
13.2.4.Zoetis, Inc.
13.2.5.Neogen Corporation
13.2.6.Bio-rad  veterinary diagnostics
13.2.7.IDVET
13.2.8.Biomerieux veterinary diagnostics
13.2.9.IDEXX Laboratories, Inc.
14. Research Methodology 
15. Appendix and Abbreviations 

Key Market Players

  • Mindray Medical International Ltd.
  • ABAXIS, Inc.
  • Biocheck smart veterinary diagnostics
  • Zoetis, Inc.
  • Neogen Corporation
  • Bio-rad  veterinary diagnostics
  • HESKA Corporation
  • IDVET
  • Biomerieux veterinary diagnostics
  • IDEXX Laboratories, Inc.
  • Thermo Fisher Scientific Inc. (Life Technologies Corporation)
  • VCA Antech, Inc.
  • Virbac SA
  • Cal biotech

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