Veterinary Diagnostics Market Growth, Trends, Revenue, Size, Demand and Future Outlook
Veterinary Diagnostics Market Growth, Size, Trends Analysis - By Product, By Animal Type, By Testing Category, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Nov-2021 | Report ID: MEDE2112 | Pages: 1 - 235 | Formats*: |
| Category : Medical Devices | |||
Veterinary Diagnostics Market Introduction and Overview
According to SPER Market Research, the Global Veterinary Diagnostics Market is estimated to reach USD 7.26 billion by 2034 with a CAGR of 7.35%.
The report includes an in-depth analysis of the Global Veterinary Diagnostics Market, including market size and trends, product mix, Applications, and supplier analysis. The global veterinary diagnostics market is valued at US$3.57 billion in 2024 and is expected to grow at a strong rate of 7.35% from 2025 to 2034. Factors driving this market include increased viral mutations affecting animals, rising diseases due to animal migration, more acquired health issues, a growing animal population with less care, increased pet insurance and pet care costs, and a higher demand for timely diagnostic testing. Emerging markets present many opportunities, and large companies are outsourcing manufacturing to local businesses, benefiting local players in the mark
By Product Insights: The consumables, reagents, and kits segment generated the highest revenue share in 2024. These items are essential for conducting diagnostic tests in veterinary medicine. They are used in labs, clinics, and point-of-care settings for tests like blood tests, urinalysis, and immunoassays, covering many diagnostic applications.
By Animal Type Insights: The companion animals segment had the largest revenue share in the market in 2024, with dogs leading this category. The other companion animals segment is expected to grow the fastest. Key factors driving this segment include the increasing pet population, spending on pets, pet humanization, medicalization, and pet insurance uptake.
By Testing Category Insights: The clinical chemistry segment had the largest revenue share in 2024 based on testing category. This segment includes tests that analyze the chemical makeup of samples and organ function. These tests can identify disorders like pancreatitis or diabetes and monitor treatment responses, contributing to the segment's high market share.
By End User Insights: Based on end user, the veterinarian segment had the highest revenue share in 2024. This segment retains the largest market share as veterinarians are key in animal diagnosis, treatment, and healthcare. They use various diagnostic tools, and their dominance comes from animal owners relying on their expert guidance and extensive services.
Regional Insights: The North American veterinary diagnostics market dominated the global market in 2024, accounting for the majority of revenue. This is due to a well-established veterinary healthcare infrastructure, the adoption of advanced technology, considerable disposable money, and the presence of significant players. Strategic actions taken by these companies are projected to continue to boost regional market expansion.
Market Competitive Landscape:
The market has various companies, ranging from large to small ones. Key players include IDEXX Laboratories, Inc, Zoetis, Antech Diagnostics, Inc (Mars Inc), and Agrolabo S. p. A. These companies often collaborate with veterinary clinics, research institutions, and academic organizations to improve research and development, share knowledge, and increase the availability of diagnostic products. They are also expanding into new markets due to rising awareness of veterinary diagnostics. Additionally, larger companies are consolidating to gain a competitive advantage and enhance their global presence.
Recent Developments:
- In September 2024, Zoetis Inc. released Vetscan OptiCell, a new cartridge-based hematology analyzer using AI technology to provide accurate Complete Blood Count (CBC) analysis at the point of care, ensuring efficient lab-quality results for veterinary clinics.
- In July 2024, EKF Diagnostics launched the Biosen C-Line, a new glucose and lactate analyzer for better usability. It has a touch screen and connectivity options to work with hospital and lab IT systems via EKF Link. It offers precise measurements for diabetes management and sports training.
- In March 2023, Zoetis, Inc. updated the Vetscan Imagyst platform with two new features: AI dermatology and AI equine FEC analysis. These additions expand its testing capabilities beyond AI canine and feline fecal analysis, blood smear analysis, and digital cytology, integrating new in-clinic tests into the company's cloud-based AI system.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By Animal Type, By Testing Category, By End-User. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | IDEXX Laboratories, Inc, Zoetis, Antech Diagnostics, Inc (Mars Inc), Agrolabo S.p.A, Embark Veterinary, Inc, Esaote SPA, Thermo Fisher Scientific, Inc, Innovative Diagnostics SAS, Virbac, FUJIFILM Corporation. |
Key Topics Covered in the Report:
- Global Veterinary Diagnostics Market Size (FY’2021-FY’2034)
- Overview of Global Veterinary Diagnostics Market
- Segmentation of Global Veterinary Diagnostics Market By Product (Consumables, Reagents & Kits, Equipment & Instruments)
- Segmentation of Global Veterinary Diagnostics Market By Animal Type (Production Animals, Companion Animals)
- Segmentation of Global Veterinary Diagnostics Market By Testing Category (Clinical Chemistry, Microbiology, Parasitology, Histopathology, Cytopathology, Hematology, Immunology & Serology, Imaging, Molecular Diagnostics, Other Categories)
- Segmentation of Global Veterinary Diagnostics Market By End User (Reference Laboratories, Veterinarians, Animal Owners/ Producers)
- Statistical Snap of Global Veterinary Diagnostics Market
- Expansion Analysis of Global Veterinary Diagnostics Market
- Problems and Obstacles in Global Veterinary Diagnostics Market
- Competitive Landscape in the Global Veterinary Diagnostics Market
- Details on Current Investment in Global Veterinary Diagnostics Market
- Competitive Analysis of Global Veterinary Diagnostics Market
- Prominent Players in the Global Veterinary Diagnostics Market
- SWOT Analysis of Global Veterinary Diagnostics Market
- Globa Veterinary Diagnostics Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Veterinary Diagnostics Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Veterinary Diagnostics Market
7. Global Veterinary Diagnostics Market, By Product (USD Million) 2021-2034
7.1. Consumables, Reagents & Kits7.2. Equipment & Instruments
8. Global Veterinary Diagnostics Market, By Animal Type (USD Million) 2021-2034
8.1. Production Animals8.1.1. Cattle8.1.2. Poultry8.1.3. Swine8.1.4. Other Production Animals
8.2. Companion Animals
8.2.1. Dogs8.2.2. Cats8.2.3. Horses8.2.4. Other Companion Animals
9. Global Veterinary Diagnostics Market, By Testing Category (USD Million) 2021-2034
9.1. Clinical Chemistry
9.2. Microbiology9.3. Parasitology9.4. Histopathology9.5. Cytopathology9.6. Hematology9.7. Immunology & Serology9.8. Imaging9.9. Molecular Diagnostics9.10. Other Categories
10. Global Veterinary Diagnostics Market, By End User (USD Million) 2021-2034
10.1. Reference Laboratories10.2. Veterinarians10.3. Animal Owners/ Producers
11. Global Veterinary Diagnostics Market, (USD Million) 2021-2034
11.1. Global Veterinary Diagnostics Market Size and Market Share
12. Global Veterinary Diagnostics Market, By Region, (USD Million) 2021-2034
12.1. Asia-Pacific
12.1.1. Australia12.1.2. China12.1.3. India12.1.4. Japan12.1.5. South Korea12.1.6. Rest of Asia-Pacific
12.2. Europe
12.2.1. France12.2.2. Germany12.2.3. Italy12.2.4. Spain12.2.5. United Kingdom12.2.6. Rest of Europe
12.3. Middle East and Africa
12.3.1. Kingdom of Saudi Arabia12.3.2. United Arab Emirates12.3.3. Qatar12.3.4. South Africa12.3.5. Egypt12.3.6. Morocco12.3.7. Nigeria12.3.8. Rest of Middle-East and Africa
12.4. North America
12.4.1. Canada12.4.2. Mexico12.4.3. United States
12.5. Latin America
12.5.1. Argentina12.5.2. Brazil12.5.3. Rest of Latin America
13. Company Profile
13.1. IDEXX Laboratories, Inc
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Zoetis
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Antech Diagnostics, Inc (Mars Inc)
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Agrolabo S.p.A
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Embark Veterinary, Inc
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Esaote SPA
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Thermo Fisher Scientific, Inc
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Innovative Diagnostics SAS
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Virbac
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. FUJIFILM Corporation
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Veterinary Diagnostics Market is projected to reach USD 7.26 billion by 2034, growing at a CAGR of 7.35% during the forecast period.
Veterinary Diagnostics Market grew in Market size from 2025. The Market is expected to reach USD 7.26 billion by 2034, at a CAGR of 7.35% during the forecast period.
Veterinary Diagnostics Market CAGR of 7.35% during the forecast period.
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Veterinary Diagnostics Market size is USD 7.26 billion from 2025 to 2034.
Veterinary Diagnostics Market is covered By Product, By Animal Type, By Testing Category, By End-User.
The North America is anticipated to have the highest Market share in the Air Veterinary Diagnostics Market.
The key players in the Market include Companies Covered IDEXX Laboratories, Inc, Zoetis, Antech Diagnostics, Inc (Mars Inc), Agrolabo S.p.A, Embark Veterinary, Inc, Esaote SPA, Thermo Fisher Scientific, Inc, Innovative Diagnostics SAS, Virbac, FUJIFILM Corporation. and others.
Factors driving this market include increased viral mutations affecting animals, rising diseases due to animal migration, more acquired health issues, a growing animal population with less care, increased pet insurance and pet care costs, and a higher demand for timely diagnostic testing.
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