Veterinary Diagnostics Market Growth, Size, Share, Trends, and Forecast 2032

According to the report published by Zion Market Research, the global Veterinary Diagnostics Market size was valued at USD 7.58 Billion in 2023 and is predicted to reach USD 18.61 Billion by the end of 2032. The market is expected to grow with a CAGR of 10.50% during the forecast period. The report analyzes the global Veterinary Diagnostics Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Veterinary Diagnostics Market industry.

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Global Veterinary Diagnostics Market: Overview

Veterinary diagnostics refers to the tests that assist in recognizing and determining several diseases in animals. These tests are carried out through numerous methods that use their feces, blood, and tissue samples. The new technologies and methods that have been designed for human diagnostics are also used widely in veterinary diagnostics.

Global Veterinary Diagnostics Market: Growth Factors

The key factors contributing to the growth of the market for veterinary diagnostics include the growing alertness about zoonotic diseases, growing demand for pet insurance, growing pet adoption, growing digit of veterinary practitioners and their increasing income levels, rising order for animal-derived food products, and increasing animal healthcare spending.

Global Veterinary Diagnostics Market: Segmentation

The global veterinary diagnostics market can be segmented on the basis of animal type, product, end-user, technology, and region.

The animal type segment of the market is divided into companion animals and food-producing animals.

• The companion animals segment of the market is classified into cats, dogs, horses, and other companion animals.
• The food-producing animals segment of the market is categorized into poultry, cattle, sheep & goat, pigs, and other food-producing animals.

The product segment of the veterinary diagnostics market is diversified into instruments, consumables, and services.

The end-user segment of the market is sub-segmented into veterinary hospitals & clinics, research institutions, reference laboratories, and point-of-care testing/in-house testing.

The technology segment of the veterinary diagnostics market is grouped into clinical chemistry, blood gas-electrolyte analysis, hematology, diagnostic imaging, glucose monitoring, immunodiagnostic, and molecular diagnostics.

• The blood gas-electrolyte analysis segment of the market is divided into cartridges and blood gas electrolyte analyzer.
• The hematology segment of the veterinary market is sub-segmented into hematology cartridges and hematology analyzers.
• The diagnostic imaging segment of the market is diversified into ultrasound imaging systems, CT scanners, radiography systems, MRI scanners, and others.
• The glucose monitoring segment of the market is classified into blood glucose strips, glucose meters, and urine glucose strips.
• The immunodiagnostics segment of the market is grouped into ELISA tests, lateral flow rapid tests, immunoassay analyzers, lateral flow rapid tests, allergen-specific immunodiagnostic tests, and others.

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Veterinary Diagnostics Market : Report Scope

Global Veterinary Diagnostics Market: Regional Analysis

North America is assumed to lead the market for veterinary diagnostics in the near future. The growth of this region can be contributed to factors such as the rising requirement for animal-derived food products, mounting companion animal healthcare spending, increasing digit of veterinary professionals and their income levels, and expanding wakefulness about zoonotic diseases. Asia-Pacific region is anticipated to rise in the market at a significant rate due to growing pet adoption and rising need for animal-derived food products.

Global Veterinary Diagnostics Market: Competitive Players

The major players in the market for veterinary diagnostics include:

• ABAXIS, Inc.
• Thermo fisher Scientific, Inc.
• Heska Corporation
• VCA, Inc.
• Neogen Corporation
• Zoetis, Inc.
• ID.Vet.

The other prominent players in the market are

• IDEXX Laboratories
• Mindray Medical Internationals Ltd.
• Virbac
• GE Healthcare
• Agfa Healthcare.

The Global Veterinary Diagnostics Market is segmented as follows:

By Animal type 

• companion animals 
• food-producing animals 

By Product 

• instruments 
• consumables
• services 

By End-user 

• veterinary hospitals & clinics 
• research institutions
• reference laboratories 
• point-of-care testing/in-house testing 

By Technology 

• clinical chemistry 
• blood gas-electrolyte analysis 
• hematology 
• diagnostic imaging 
• glucose monitoring
• immunodiagnostic 
• molecular diagnostics 

Global Veterinary Diagnostics Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Report Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.