Veterinary Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Veterinary Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The global veterinary diagnostics market size reached US$ 5.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.1 Billion by 2027, exhibiting a growth rate (CAGR) of 8.83% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Veterinary diagnostics refer to various tests conducted to detect the presence of disorders among animals. They are conducted by analyzing the samples of blood, feces and tissues of livestock, wild and pet animals. These tests are based on various technologies, such as polymerase chain reaction (PCR), real-time polymerase chain reaction (RT-PCR), in situ hybridization (ISH), immunohistochemistry (IHC) and gene sequencing. The primary test categories include screening tests that are used for the detection of a disease in healthy animals, and confirmatory tests that are conducted to classify disease status in a clinically diseased animal. As a result, they are commonly used in pathology, bacteriology, toxicology, nutrition and virology testing centers.

A significant increase in the adoption of companion animals and pet ownership resulting from improving urban lifestyle across the globe represents one of the key factors driving the growth of the market. Furthermore, rising instances of zoonotic and foodborne diseases are also driving the market growth. As the demand for animal-derived food products is growing, there is an increasing requirement for veterinary diagnostic services to detect zoonotic gastrointestinal diseases, viral infections, tuberculosis and rabies, which can be contracted by humans through pets and livestock. Additionally, various technological advancements, such as the development of improved immunoassays, biosensors, non-polymerase chain reaction techniques for nucleic acid detection and proteomics for disease diagnosis, are acting as other growth-inducing factors. Veterinarians are also using rapid tests and portable instruments for the effective diagnosis of diseases. Other factors, including significant growth in the poultry and agriculture industries, along with increasing expenditure capacities for the management of animal health, are anticipated to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global veterinary diagnostics market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, technology, animal type, disease type and end user.

Breakup by Product:

Instruments
Kits and Reagents
Software and Services

Breakup by Technology:

Immunodiagnostics
Clinical Biochemistry
Molecular Diagnostics
Hematology
Others

Breakup by Animal Type:

Companion Animals
Dogs
Cats
Others
Livestock Animals
Cattle
Swine
Poultry
Others

Breakup by Disease Type:

Infectious Diseases
Non-infectious Diseases
Hereditary, Congenital and Acquired Diseases
General Ailments
Structural and Functional Diseases

Breakup by End User:

Reference Laboratories
Veterinary Hospitals and Clinics
Others

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being BioChek B.V., Biomérieux SA, Heska Corporation, IDEXX Laboratories Inc., IDvet, Neogen Corporation, Randox Laboratories Ltd., Thermo Fisher Scientific Inc., Virbac and Zoetis Inc.

Key Questions Answered in This Report:
How has the global veterinary diagnostics market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global veterinary diagnostics market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the animal type?
What is the breakup of the market based on the disease type?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global veterinary diagnostics market and who are the key players?
What is the degree of competition in the industry?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Veterinary Diagnostics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Instruments
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Kits and Reagents
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Software and Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Technology
7.1 Immunodiagnostics
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Clinical Biochemistry
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Molecular Diagnostics
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Hematology
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Animal Type
8.1 Companion Animals
8.1.1 Market Trends
8.1.2 Major Types
8.1.2.1 Dogs
8.1.2.2 Cats
8.1.2.3 Others
8.1.3 Market Forecast
8.2 Livestock Animals
8.2.1 Market Trends
8.2.2 Major Types
8.2.2.1 Cattle
8.2.2.2 Swine
8.2.2.3 Poultry
8.2.2.4 Others
8.2.3 Market Forecast
9 Market Breakup by Disease Type
9.1 Infectious Diseases
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Non-infectious Diseases
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Hereditary, Congenital and Acquired Diseases
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 General Ailments
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Structural and Functional Diseases
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by End User
10.1 Reference Laboratories
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Veterinary Hospitals and Clinics
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Others
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 BioChek B.V.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Biomérieux SA
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Heska Corporation
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 IDvet
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 IDEXX Laboratories Inc.
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 Neogen Corporation
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 Randox Laboratories Ltd.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 Thermo Fisher Scientific Inc.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Virbac
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Zoetis Inc.
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis

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