PUBLISHER: The Business Research Company | PRODUCT CODE: 1713712
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713712
Veterinary diagnostic services involve the use of various techniques and technologies to detect and analyze diseases, conditions, and health issues in animals. These services encompass laboratory tests, imaging, and clinical examinations to provide accurate diagnoses and inform treatment plans for pets and livestock.
The primary types of veterinary diagnostic services are point-of-care (PoC) and laboratory-based diagnostics. Point-of-care diagnostics are tests performed at the location where animal care is provided, such as in a veterinary clinic or field setting, offering immediate results for prompt diagnosis and treatment. These tests cover a range of categories, including clinical chemistry, microbiology, parasitology, histopathology, cytopathology, hematology, immunology, and serology, as well as imaging and molecular diagnostics. The types of animals served include companion animals, production animals, and others. Service providers include veterinary hospital or clinic laboratories and reference laboratories.
The veterinary diagnostic services market research report is one of a series of new reports from the business research company that provides veterinary diagnostic services market statistics, including veterinary diagnostic services industry global market size, regional shares, competitors with an veterinary diagnostic services market share, detailed veterinary diagnostic services market segments, market trends and opportunities, and any further data you may need to thrive in the veterinary diagnostic services industry. This veterinary diagnostic services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The veterinary diagnostic services market size has grown strongly in recent years. It will grow from $13.05 billion in 2024 to $14.22 billion in 2025 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to increasing pet ownership and expenditure on pet health, rising prevalence of chronic diseases in pets, growth in the number of veterinary clinics and hospitals, enhanced focus on early disease detection and preventive care, and advances in molecular diagnostics and imaging technologies.
The veterinary diagnostic services market size is expected to see strong growth in the next few years. It will grow to $19.78 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to growth in the pet population and demand for advanced diagnostics, increasing adoption of AI and machine learning in diagnostics, expansion of telemedicine and remote diagnostic services, rising emphasis on personalized and precision veterinary medicine, development of innovative diagnostic technologies and tools, increasing investment in R&D, and collaborations in the veterinary sector. Major trends in the forecast period include integration of AI and big data analytics in diagnostic services, home testing solutions, wearable technology for continuous health monitoring, preventive and proactive veterinary care, development of comprehensive diagnostic platforms and integrated solutions, and digital health innovations.
The increasing adoption of animals is expected to drive the growth of the veterinary diagnostic services market. Animal adoption involves taking in and providing a permanent home for animals, often from shelters or rescue organizations, to offer them care and companionship. This trend is fueled by heightened awareness of animal welfare, the emotional benefits of pet companionship, and a growing inclination to rescue animals and provide them with loving homes. Veterinary diagnostic services are essential in this context, as they ensure the health of adopted pets by identifying underlying medical conditions, enabling informed decisions and proper care. For example, a report by the American Pet Products Association in April 2024 indicated that in the 2023-2024 period, 86.9 million households in the U.S. owned a pet, which represents 66% of all households, an increase from 62% in 2022. Consequently, the rise in animal adoption is contributing to the growth of the veterinary diagnostic services market.
Major companies in the veterinary diagnostic services market are increasingly leveraging big data and artificial intelligence (AI) to enhance diagnostic accuracy and operational efficiency. For example, AI-powered veterinary X-ray image diagnosis assistance services use advanced algorithms to analyze X-ray images, providing more precise diagnostic insights for veterinarians, thus improving decision-making and patient care. In June 2024, SK Telecom, a South Korea-based telecommunications company, introduced its AI-powered veterinary X-ray image diagnosis assistance service, X Caliber. This system offers advanced diagnostic capabilities for pet healthcare by analyzing X-ray images of dogs and cats within 15 seconds and storing data in the cloud for easy access and management. The X Caliber system boasts a sensitivity range of 86% to 94% for detecting various abnormalities and is currently available in over 100 veterinary clinics across Australia, with plans for further global expansion.
In June 2023, Mars, Inc., a US-based manufacturer of confectionery, pet food, and other food products, as well as a provider of animal care services, acquired Heska Corporation for an undisclosed amount. This acquisition enables Mars to expand its diagnostic offerings and strengthen its global presence in veterinary healthcare. By integrating Heska's innovative diagnostic technology and expertise, Mars aims to accelerate research and development, foster innovation, and enhance its support for veterinary professionals and pet care services worldwide. Heska Corporation is a US-based company specializing in veterinary diagnostics and specialty products.
Major companies operating in the veterinary diagnostic services market are Thermo Fisher Scientific Inc., Zoetis Services LLC, VCA Animal Hospitals, Biomerieux SA, SYNLAB International GmbH, IDEXX Laboratories Inc., Virbac, Antech Diagnostics Inc., Randox Laboratories Ltd., Heska Corporation, Neogen Corporation, Karyopharm Therapeutics, MediVet, IDvet, Ellie Diagnostics, BioChek B.V., Embark Veterinary Inc., NationWide Laboratories, PetDx, Scil Animal Care Company, Ardent Animal Health, Paw Print Genetics
North America was the largest region in the veterinary diagnostic services market in 2024. The regions covered in the veterinary diagnostic services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the veterinary diagnostic services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The veterinary diagnostic services market includes revenues earned by entities by providing services such as imaging services, diagnostic consulting, and telemedicine services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Veterinary Diagnostic Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on veterinary diagnostic services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for veterinary diagnostic services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The veterinary diagnostic services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.