
Veterinary Diagnostic Market by Product (Consumables, Reagents & Kits, Instruments & Devices, Software & Services), Animal Type (Companion Animals, Livestock Animals), Testing Category, Disease Type, End-Use - Global Forecast 2024-2030
Description
Veterinary Diagnostic Market by Product (Consumables, Reagents & Kits, Instruments & Devices, Software & Services), Animal Type (Companion Animals, Livestock Animals), Testing Category, Disease Type, End-Use - Global Forecast 2024-2030
The Veterinary Diagnostic Market size was estimated at USD 5.48 billion in 2023 and expected to reach USD 6.24 billion in 2024, at a CAGR 15.24% to reach USD 14.80 billion by 2030.
Global Veterinary Diagnostic Market
Veterinary diagnostics refers to the various methods, techniques, and tools employed to identify and diagnose animal diseases, infections, or health conditions. These diagnostics play a crucial role in veterinary medicine by helping veterinarians and other animal health professionals make informed decisions about the care and treatment of animals. Veterinary diagnostics encompass various methods, including laboratory tests, imaging techniques, and clinical examinations. The increase in pet ownership, enhanced awareness about animal health, and growing expenditure on animal healthcare are collectively pushing the market forward. There are also regulatory mandates regarding food safety that directly impact the growth of the veterinary diagnostics market. The high cost of animal testing, a shortage of professional expertise in veterinary pathology, unclear reimbursement scenarios, and limited awareness in developing countries hamper its market demand. The lack of standardized tests and stringent regulatory procedures pose significant challenges for the stakeholders of the veterinary diagnostic market. The considerable demand for rapid diagnostics over laboratory-based tests, increasing prospects in untapped emerging markets, point-of-care services, and the rising need for disease control in livestock are expected to create an opportunity in the market.
Regional Insights
The veterinary diagnostic market in the Americas shows robust growth driven by advanced substantial pet ownership and livestock industry, adopting innovative diagnostic solutions swiftly. Progressive farm management practices, increasing pet adoption, and supportive government regulations further fueled the market demand in the region. The EMEA represents a dynamic diversity in the veterinary diagnostics space due to prolific regulatory structures and the adoption of preventive veterinary care; the growing awareness of zoonotic diseases and improved accessibility of advanced veterinary services contribute to this upward trend. Asia-Pacific presents a significant opportunity for the veterinary diagnostic market. The region is marked by rapid urbanization, rising disposable incomes, and a shift in lifestyle, which have all led to increased pet ownership and demand for quality animal healthcare. The livestock industry is pivotal in countries requiring efficient disease prevention and control diagnostic measures. The adoption of rapid tests and portable instruments is significantly notable, driving market growth in this region.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Veterinary Diagnostic Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Veterinary Diagnostic Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Veterinary Diagnostic Market, highlighting leading vendors and their innovative profiles. These include Agrolabo S.p.A., Bio-Rad Laboratories, Inc., Biogal Galed Labs, BioMérieux S.A., BioNote, Inc., Demeditec Diagnostics GmbH, Eurofins Technologies, Fassisi GmbH, FUJIFILM Holdings Corporation, Heska Corporation, IDEXX Laboratories, Inc., IDvet, Late Dr. (Major) S.K., Neogen Corporation, Nisseiken Co., Ltd, Qiagen N.V., Randox Laboratories, Ltd., Shenzhen Bioeasy Biotechnology Co., Ltd., Shenzhen Mindray Animal Medical Technology Co., Ltd., SKYER, Inc., Skyla Corporation, Thermo Fisher Scientific Inc., Vimian Group AB, Virbac S.A., and Zoetis Inc..
Market Segmentation & Coverage
This research report categorizes the Veterinary Diagnostic Market to forecast the revenues and analyze trends in each of the following sub-markets:
Product
Consumables, Reagents & Kits
Instruments & Devices
Software & Services
Animal Type
Companion Animals
Cats
Dogs
Livestock Animals
Cattle
Poultry
Swine
Testing Category
Analytical Services
Bacteriology
Diagnostic Imaging
Immunoassays
Molecular Diagnostics
Parasitology
Pathology
Serology
Virology
Disease Type
General Ailments
Hereditary, Congenital & Acquired Diseases
Infectious Diseases
Non-Infectious Diseases
Structural & Functional Diseases
End-Use
Point-of-Care/In-House Testing
Research Centers & Universities
Veterinary Hospitals & Clinics
Veterinary Reference Laboratories
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
1. What is the market size and forecast of the Veterinary Diagnostic Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Veterinary Diagnostic Market?
3. What are the technology trends and regulatory frameworks in the Veterinary Diagnostic Market?
4. What is the market share of the leading vendors in the Veterinary Diagnostic Market?
5. Which modes and strategic moves are suitable for entering the Veterinary Diagnostic Market?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
185 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Veterinary Diagnostic Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rise in pet ownership and enhanced awareness about animal health
- 5.1.1.2. Increasing incidence of animal diseases in economies
- 5.1.1.3. Surge in animal healthcare expenditure coupled with rising disposable income
- 5.1.2. Restraints
- 5.1.2.1. High cost associated with veterinary diagnostic testing
- 5.1.3. Opportunities
- 5.1.3.1. Introduction of pet insurance and advanced development of new diagnostic assay
- 5.1.3.2. Emerging use of in vitro diagnostic tests and the rising number of veterinary laboratories
- 5.1.4. Challenges
- 5.1.4.1. Lack of standardized tests and dearth of veterinarians in economies
- 5.2. Market Segmentation Analysis
- 5.2.1. Product: Consumables, reagents, and kits providing accuracy and speed in diagnosis
- 5.2.2. Animal Type: Significant adoption of veterinary diagnostics for livestock animals health management
- 5.2.3. Disease Type: Veterinary vaccines are primarily utilized to reduce the risk of infectious diseases in animals
- 5.2.4. End-Use: Potential utilization of veterinary diagnostic in veterinary hospitals & clinics
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework
- 6. Veterinary Diagnostic Market, by Product
- 6.1. Introduction
- 6.2. Consumables, Reagents & Kits
- 6.3. Instruments & Devices
- 6.4. Software & Services
- 7. Veterinary Diagnostic Market, by Animal Type
- 7.1. Introduction
- 7.2. Companion Animals
- 7.3.1. Cats
- 7.3.2. Dogs
- 7.3. Livestock Animals
- 7.4.1. Cattle
- 7.4.2. Poultry
- 7.4.3. Swine
- 8. Veterinary Diagnostic Market, by Testing Category
- 8.1. Introduction
- 8.2. Analytical Services
- 8.3. Bacteriology
- 8.4. Diagnostic Imaging
- 8.5. Immunoassays
- 8.6. Molecular Diagnostics
- 8.7. Parasitology
- 8.8. Pathology
- 8.9. Serology
- 8.10. Virology
- 9. Veterinary Diagnostic Market, by Disease Type
- 9.1. Introduction
- 9.2. General Ailments
- 9.3. Hereditary, Congenital & Acquired Diseases
- 9.4. Infectious Diseases
- 9.5. Non-Infectious Diseases
- 9.6. Structural & Functional Diseases
- 10. Veterinary Diagnostic Market, by End-Use
- 10.1. Introduction
- 10.2. Point-of-Care/In-House Testing
- 10.3. Research Centers & Universities
- 10.4. Veterinary Hospitals & Clinics
- 10.5. Veterinary Reference Laboratories
- 11. Americas Veterinary Diagnostic Market
- 11.1. Introduction
- 11.2. Argentina
- 11.3. Brazil
- 11.4. Canada
- 11.5. Mexico
- 11.6. United States
- 12. Asia-Pacific Veterinary Diagnostic Market
- 12.1. Introduction
- 12.2. Australia
- 12.3. China
- 12.4. India
- 12.5. Indonesia
- 12.6. Japan
- 12.7. Malaysia
- 12.8. Philippines
- 12.9. Singapore
- 12.10. South Korea
- 12.11. Taiwan
- 12.12. Thailand
- 12.13. Vietnam
- 13. Europe, Middle East & Africa Veterinary Diagnostic Market
- 13.1. Introduction
- 13.2. Denmark
- 13.3. Egypt
- 13.4. Finland
- 13.5. France
- 13.6. Germany
- 13.7. Israel
- 13.8. Italy
- 13.9. Netherlands
- 13.10. Nigeria
- 13.11. Norway
- 13.12. Poland
- 13.13. Qatar
- 13.14. Russia
- 13.15. Saudi Arabia
- 13.16. South Africa
- 13.17. Spain
- 13.18. Sweden
- 13.19. Switzerland
- 13.20. Turkey
- 13.21. United Arab Emirates
- 13.22. United Kingdom
- 14. Competitive Landscape
- 14.1. FPNV Positioning Matrix
- 14.2. Market Share Analysis, By Key Player
- 14.3. Competitive Scenario Analysis, By Key Player
- 14.3.1. Merger & Acquisition
- 14.3.1.1. Mars to Acquire Heska, Global Provider of Advanced Veterinary Diagnostic and Specialty Solutions
- 14.3.2. Agreement, Collaboration, & Partnership
- 14.3.2.1. Royal Canin Collaborated with GekkoVet to Bring AI-Powered Solution For Vets
- 14.3.3. New Product Launch & Enhancement
- 14.3.3.1. IDEXX Announces Novel Diagnostic Test for Kidney Injury, Expanding the Veterinary Industry's Most Comprehensive Renal Testing Portfolio
- 15. Competitive Portfolio
- 15.1. Key Company Profiles
- 15.1.1. Agrolabo S.p.A.
- 15.1.2. Bio-Rad Laboratories, Inc.
- 15.1.3. Biogal Galed Labs
- 15.1.4. BioMérieux S.A.
- 15.1.5. BioNote, Inc.
- 15.1.6. Demeditec Diagnostics GmbH
- 15.1.7. Eurofins Technologies
- 15.1.8. Fassisi GmbH
- 15.1.9. FUJIFILM Holdings Corporation
- 15.1.10. Heska Corporation
- 15.1.11. IDEXX Laboratories, Inc.
- 15.1.12. IDvet
- 15.1.13. Late Dr. (Major) S.K.
- 15.1.14. Neogen Corporation
- 15.1.15. Nisseiken Co., Ltd
- 15.1.16. Qiagen N.V.
- 15.1.17. Randox Laboratories, Ltd.
- 15.1.18. Shenzhen Bioeasy Biotechnology Co., Ltd.
- 15.1.19. Shenzhen Mindray Animal Medical Technology Co., Ltd.
- 15.1.20. SKYER, Inc.
- 15.1.21. Skyla Corporation
- 15.1.22. Thermo Fisher Scientific Inc.
- 15.1.23. Vimian Group AB
- 15.1.24. Virbac S.A.
- 15.1.25. Zoetis Inc.
- 15.2. Key Product Portfolio
- 16. Appendix
- 16.1. Discussion Guide
- 16.2. License & Pricing
- FIGURE 1. VETERINARY DIAGNOSTIC MARKET RESEARCH PROCESS
- FIGURE 2. VETERINARY DIAGNOSTIC MARKET SIZE, 2023 VS 2030
- FIGURE 3. VETERINARY DIAGNOSTIC MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. VETERINARY DIAGNOSTIC MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. VETERINARY DIAGNOSTIC MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. VETERINARY DIAGNOSTIC MARKET DYNAMICS
- FIGURE 7. VETERINARY DIAGNOSTIC MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
- FIGURE 8. VETERINARY DIAGNOSTIC MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. VETERINARY DIAGNOSTIC MARKET SIZE, BY ANIMAL TYPE, 2023 VS 2030 (%)
- FIGURE 10. VETERINARY DIAGNOSTIC MARKET SIZE, BY ANIMAL TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. VETERINARY DIAGNOSTIC MARKET SIZE, BY TESTING CATEGORY, 2023 VS 2030 (%)
- FIGURE 12. VETERINARY DIAGNOSTIC MARKET SIZE, BY TESTING CATEGORY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. VETERINARY DIAGNOSTIC MARKET SIZE, BY DISEASE TYPE, 2023 VS 2030 (%)
- FIGURE 14. VETERINARY DIAGNOSTIC MARKET SIZE, BY DISEASE TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. VETERINARY DIAGNOSTIC MARKET SIZE, BY END-USE, 2023 VS 2030 (%)
- FIGURE 16. VETERINARY DIAGNOSTIC MARKET SIZE, BY END-USE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. AMERICAS VETERINARY DIAGNOSTIC MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. AMERICAS VETERINARY DIAGNOSTIC MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. UNITED STATES VETERINARY DIAGNOSTIC MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 20. UNITED STATES VETERINARY DIAGNOSTIC MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. ASIA-PACIFIC VETERINARY DIAGNOSTIC MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 22. ASIA-PACIFIC VETERINARY DIAGNOSTIC MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 23. EUROPE, MIDDLE EAST & AFRICA VETERINARY DIAGNOSTIC MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 24. EUROPE, MIDDLE EAST & AFRICA VETERINARY DIAGNOSTIC MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 25. VETERINARY DIAGNOSTIC MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 26. VETERINARY DIAGNOSTIC MARKET SHARE, BY KEY PLAYER, 2023
Pricing
Currency Rates
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