PUBLISHER: SkyQuest | PRODUCT CODE: 1653924
PUBLISHER: SkyQuest | PRODUCT CODE: 1653924
Veterinary Diagnostics Market Size, Share, and Growth Analysis, By Product, By Technology, By Animal Type, By Disease Type, By Distribution Channel, By Application, By End User, By Region - Industry Forecast 2025-2032
Veterinary Diagnostics Market size was valued at USD 8.1 billion in 2023 and is poised to grow from USD 9.01 billion in 2024 to USD 21.06 billion by 2032, growing at a CAGR of 11.2% during the forecast period (2025-2032).
The veterinary diagnostics market is experiencing substantial growth, driven by rising occurrences of zoonotic diseases in both animals and humans. The increasing pet population and growth in food-producing animals further enhance market expansion. Significant opportunities lie in the heightened awareness of animal health in developing nations, coupled with the urgent need to combat antibiotic-resistant organisms. Additionally, there is a growing demand for pet insurance, with industry players globally establishing new diagnostic labs, which will bolster market development. In economies heavily reliant on livestock, rapid disease diagnosis is critical to mitigate financial risks associated with animal health emergencies. This growth is also fueled by modern lifestyle trends, greater disposable incomes, and the preference for pets like dogs and cats in smaller nuclear family structures.
Top-down and bottom-up approaches were used to estimate and validate the size of the Veterinary Diagnostics market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Veterinary Diagnostics Market Segments Analysis
Global Veterinary Diagnostics Market is segmented by Product, Technology, Animal Type, Disease Type, Distribution Channel, Application, End User and region. Based on Product, the market is segmented into Consumables and Instruments. Based on Technology, the market is segmented into Clinical Biochemistry, Molecular Diagnostics, Hematology, Urinalysis, Immunodiagnostics and Other Veterinary Diagnostic Technologies. Based on Animal Type, the market is segmented into Companion Animals and Livestock. Based on Disease Type, the market is segmented into Infectious Disease, Endocrinology, Oncology, Cardiology and Others. Based on Distribution Channel, the market is segmented into Direct Sales, Wholesalers & Distributors and Online Sales Platforms. Based on Application, the market is segmented into Infectious Diseases, Endocrinology, Cardiology, Oncology and Other Applications. Based on End User, the market is segmented into Veterinary Reference Laboratories, Veterinary Hospitals & Clinics, Point-Of-Care/ In-House Testing and Veterinary Research Institutes & Universities. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Veterinary Diagnostics Market
The growth of the global veterinary diagnostics market is significantly driven by the rising levels of pet ownership, as an increasing number of pet owners seek superior healthcare services for their animals. This trend has been bolstered by the previously underestimated number of pet owners in urban areas, further fueling demand. As pet parents prioritize preventive care, early detection, and routine diagnostics, the need for comprehensive veterinary diagnostic services has expanded substantially. This heightened awareness and focus on pet health is fostering a positive trajectory for the veterinary diagnostics market, leading to an enhanced array of services and innovations in the sector.
Restraints in the Veterinary Diagnostics Market
A significant constraint on the growth of the global veterinary diagnostics market is the limited awareness regarding advanced diagnostic techniques among pet owners and livestock managers, particularly in developing countries. Many individuals responsible for animal care continue to depend on traditional methods and are unaware of the advantages that modern diagnostic options can provide. This gap in knowledge leads to reduced demand for innovative diagnostic solutions and consequently hampers market expansion. Increasing education and awareness about the benefits of advanced veterinary diagnostics is crucial for fostering growth within the market and encouraging the adoption of more effective practices in animal health management.
Market Trends of the Veterinary Diagnostics Market
The Veterinary Diagnostics market is witnessing a significant trend toward the increasing adoption of point-of-care testing (POCT). This innovative approach allows for rapid diagnosis directly in clinical settings, enhancing workflow efficiency for veterinary professionals while reducing wait times for pet owners. POCT empowers veterinarians to deliver timely treatments, thereby improving overall pet health and curtailing disease transmission among companion animals. As pet owners demand quicker and more accessible diagnostic services, this trend is driving the growth of the veterinary diagnostics sector, positioning POCT as a pivotal advancement in the realm of animal healthcare delivery.
Table of Contents
Introduction
- Objectives of the Study
- Scope of the Report
- Definitions
Research Methodology
- Information Procurement
- Secondary & Primary Data Methods
- Market Size Estimation
- Market Assumptions & Limitations
Executive Summary
- Global Market Outlook
- Supply & Demand Trend Analysis
- Segmental Opportunity Analysis
Market Dynamics & Outlook
- Market Overview
- Market Size
- Market Dynamics
- Drivers & Opportunities
- Restraints & Challenges
- Porters Analysis
- Competitive rivalry
- Threat of substitute
- Bargaining power of buyers
- Threat of new entrants
- Bargaining power of suppliers
Key Market Insights
- Key Success Factors
- Degree of Competition
- Top Investment Pockets
- Market Ecosystem
- Market Attractiveness Index, 2024
- PESTEL Analysis
- Macro-Economic Indicators
- Value Chain Analysis
- Pricing Analysis
Global Veterinary Diagnostics Market Size by Product & CAGR (2025-2032)
- Market Overview
- Consumables
- Instruments
Global Veterinary Diagnostics Market Size by Technology & CAGR (2025-2032)
- Market Overview
- Clinical Biochemistry
- Clinical Chemistry Analysis
- Clinical Chemistry Reagent Clips & Cartridges
- Clinical Chemistry Analysers
- Glucose Monitoring
- Blood Glucose Strips
- Glucose Monitors
- Urine Glucose Strips
- Blood Gas & Electrolyte Analysis
- Blood Gas And Electrolyte Reagent Clips And Cartridges
- Glucose Monitors
- Blood Gas & Electrolyte Analyzers
- Molecular Diagnostics
- Ploymerase Chain Reaction (PCR) Tests
- Microarrays
- Nucleic Acid Sequencing
- Other Molecular Diagnostic Products
- Hematology
- Hematology Cartridges
- Hematology Analyzers
- Urinalysis
- Urinalysis Clips & Cartridges/Panels
- Urine Analyzers
- Urine Test Strips
- Immunodiagnostics
- Lateral Flow Assays
- Lateral Flow Rapid Tests
- Lateral Flow Strip Readers
- ELISA Tests
- Allergen-Specific Immunodiagnostic Tests
- Immunoassay Analyzers
- Radioimmunoassay
- Other Immunodiagnostic Products
- Other Veterinary Diagnostic Technologies
Global Veterinary Diagnostics Market Size by Animal Type & CAGR (2025-2032)
- Market Overview
- Companion Animals
- Dogs
- Cats
- Horses
- Other Companion Animals
- Livestock
- Cattle
- Pigs
- Poultry
- Other Livestock
Global Veterinary Diagnostics Market Size by Disease Type & CAGR (2025-2032)
- Market Overview
- Infectious Disease
- Bacterial Infection
- Viral Infection
- Parasitic Infection
- Other Infection
- Endocrinology
- Oncology
- Cardiology
- Others
Global Veterinary Diagnostics Market Size by Distribution Channel & CAGR (2025-2032)
- Market Overview
- Direct Sales
- Wholesalers & Distributors
- Online Sales Platforms
Global Veterinary Diagnostics Market Size by Application & CAGR (2025-2032)
- Market Overview
- Infectious Diseases
- Bacterial Infections
- Viral Infections
- Parasitic Infections
- Other Infections
- Endocrinology
- Cardiology
- Oncology
- Other Applications
Global Veterinary Diagnostics Market Size by End User & CAGR (2025-2032)
- Market Overview
- Veterinary Reference Laboratories
- Veterinary Hospitals & Clinics
- Point-Of-Care/ In-House Testing
- Veterinary Research Institutes & Universities
Global Veterinary Diagnostics Market Size & CAGR (2025-2032)
- North America (Product, Technology, Animal Type, Disease Type, Distribution Channel, Application, End User)
- US
- Canada
- Europe (Product, Technology, Animal Type, Disease Type, Distribution Channel, Application, End User)
- Germany
- Spain
- France
- UK
- Italy
- Rest of Europe
- Asia Pacific (Product, Technology, Animal Type, Disease Type, Distribution Channel, Application, End User)
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Latin America (Product, Technology, Animal Type, Disease Type, Distribution Channel, Application, End User)
- Brazil
- Rest of Latin America
- Middle East & Africa (Product, Technology, Animal Type, Disease Type, Distribution Channel, Application, End User)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Competitive Intelligence
- Top 5 Player Comparison
- Market Positioning of Key Players, 2024
- Strategies Adopted by Key Market Players
- Recent Developments in the Market
- Company Market Share Analysis, 2024
- Company Profiles of All Key Players
- Company Details
- Product Portfolio Analysis
- Company's Segmental Share Analysis
- Revenue Y-O-Y Comparison (2022-2024)
Key Company Profiles
- IDEXX Laboratories, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Zoetis Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Thermo Fisher Scientific Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- bioMerieux SA (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Heska Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- NEOGEN Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Bio-Rad Laboratories, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Virbac (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- FUJIFILM Holdings Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Shenzhen Mindray Animal Medical Technology Co., Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- INDICAL BIOSCIENCE GmbH (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- BioNote, Inc. (South Korea)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Biogal Galed Labs (Israel)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Agrolabo S.p.A. (Italy)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Innovative Diagnostics (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Randox Laboratories Ltd. (United Kingdom)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- BioChek BV (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Fassisi GmbH (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Alvedia (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- SKYER, Inc. (South Korea)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Conclusion & Recommendations
