PUBLISHER: Grand View Research | PRODUCT CODE: 1701384
PUBLISHER: Grand View Research | PRODUCT CODE: 1701384
The U.S. veterinary oncology diagnostics market size is expected to reach USD 1.60 billion by 2030, registering a CAGR of 8.55% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is primarily driven by growing animal population and ownership rates, increased expenditure on animals, an increasing focus on preventative animal healthcare, and growing partnerships among key players to expand product offerings. For instance, in February 2025, Torigen Pharmaceuticals and Proscia partnered to leverage AI-enabled digital pathology for faster, more accurate cancer diagnoses in pets. This enables quicker, personalized immunotherapy treatments, enhancing survival rates for dogs with metastatic hemangiosarcoma. Torigen's AI-powered diagnostics significantly enhance the accuracy and speed of cancer detection. By delivering results within 3-5 days, it reduces diagnostic turnaround time, allowing veterinarians to begin targeted treatments sooner. This innovation is expected to boost market growth by driving demand for digital pathology solutions in veterinary oncology.
Additionally, advances in veterinary cancer diagnostic testing, and rising R&D investment in animal health diagnostics to launch innovative products are fueling market growth. For instance, in December 2024, Pet Preferred Diagnostics introduced a groundbreaking early cancer diagnostic test for dogs and cats that detects 11 specific onconeural antibodies linked to 21 types of tumors and 14 neurological diseases. This highly sensitive serological test can identify malignancy, often before clinical signs appear, enabling early treatment. It is the only test available in veterinary medicine that differentiates various tumors and neurological conditions, offering a non-invasive, affordable, and quick solution with a 24-hour turnaround.
The rising prevalence of cancer in pets is a key driver of the U.S. veterinary oncology diagnostics market, with 1 in 4 dogs and 1 in 5 cats diagnosed with cancer annually. Increasing pet ownership and humanization trends have boosted demand for advanced diagnostics as pet owners seek early detection and personalized treatments. Technological advancements, such as liquid biopsy tests (e.g., OncoK9 by PetDx) and AI-powered digital pathology (e.g., Torigen and Proscia partnership), are enhancing diagnostic accuracy and efficiency. Additionally, the growing availability of affordable, at-home cancer screening tests (e.g., Oncotect) is making early diagnosis more accessible, further propelling market growth.