Veterinary Diagnostics Market to grow with XX% CAGR during 2031 to 2031 | IDEXX Laboratories, Inc. (US), Zoetis, Inc. (US), Thermo Fisher Scientific, Inc. (US)

The global Veterinary Diagnostics market was valued at USD 4.6 billion in 2021 and it is anticipated to grow up to USD 11.3 billion by 2031, at a CAGR of 11.6% during the forecast period.

Global Veterinary Diagnostics Market report from Global Insight Services is the single authoritative source of intelligence on Veterinary Diagnostics Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Veterinarians use a variety of veterinary tools to diagnose disease, to monitor disease progression or response to therapy, and to screen for the presence of underlying disease in apparently healthy animals. Additionally, veterinary diagnostics refers to the processes and examinations carried out to identify the existence of infectious diseases.

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Market Trends and Drivers

Globally, there has been an increase in the overall companion animal population and adoption rate. Having a companion animal is associated with positive health benefits such as reduced cardiac arrhythmias, blood pressure normalisation, decreased anxiety, greater psychological stability, and improved well-being, according to several studies. The growing pet population is expected to fuel demand for pet care products and services, supporting the growth of dependent industries such as veterinary infectious disease diagnostics. For instance, According to a National Pet Owners Survey (2019–2020) conducted by the American Pet Products Association (APPA), an estimated 67% of US households, or about 84.9 million families, owned a pet.

Global Veterinary Diagnostics Segmentation

By Product

  • Instruments
  • Reagents & Consumables

By Technology

  • Immunodiagnostic
  • Molecular Diagnostic
  • Clinical Biochemistry
  • Hematology

By Animal Type

  • Companion Animals
  • Food-producing Animals

By End-use

  • Reference Laboratories
  • Veterinary Hospitals and Clinics
  • Point-of-care/ In-house testing

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Key Players

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