Veterinary Infectious Disease Diagnostics Market Size, Share, Analysis, Growth, 2032

Veterinary Infectious Disease Diagnostics Industry Perspective:

The global veterinary infectious disease diagnostics market size accrued earnings worth approximately USD 7.12 Billion in 2023 and is predicted to gain revenue of about USD 15.17 Billion by 2032, is set to record a CAGR of nearly 8.76% over the period from 2024 to 2032.

The report covers forecast and analysis for the Veterinary Infectious Disease Diagnostics market on a global and regional level. The study provides historic data from 2018 along with a forecast from 2024 to 2032 based on revenue (USD Million). The study includes drivers and restraints for the Veterinary Infectious Disease Diagnostics market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Veterinary Infectious Disease Diagnostics market on global as well as regional levels.

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In order to give the users of this report a comprehensive view of the Veterinary Infectious Disease Diagnostics market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides a company market share analysis in order to give a broader overview of the key players in the Veterinary Infectious Disease Diagnostics market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the Veterinary Infectious Disease Diagnostics market on a global and regional basis.

Veterinary Infectious Disease Diagnostics Market: Overview

The Veterinary Infectious Disease Diagnostics Market is a specialized segment within the veterinary healthcare industry focused on the development, production, and distribution of diagnostic tools and tests used to detect infectious diseases in animals. This market addresses the growing need for accurate and timely diagnosis of diseases in livestock, pets, and wildlife, helping to prevent and control outbreaks. It encompasses various diagnostic technologies, including PCR, ELISA, and rapid tests, which enable veterinarians to identify pathogens and infections, ensuring effective treatment and management. The market is driven by increasing pet ownership, rising awareness of animal health, technological advancements, and the need for early detection of zoonotic diseases that can impact both animals and humans.

Veterinary Infectious Disease Diagnostics Market: Growth Factors

The Veterinary Infectious Disease Diagnostics Market is witnessing significant growth due to several key factors:

• Rising Incidence of Infectious Diseases in Animals: The increasing prevalence of infectious diseases among livestock, companion animals, and wildlife is a major driver of the market. Diseases such as avian influenza, canine parvovirus, and bovine tuberculosis require timely and accurate diagnostics to prevent outbreaks, driving demand for advanced diagnostic tools.

• Growing Pet Ownership and Expenditure: The surge in pet ownership, particularly in developed regions, is fueling the demand for veterinary care, including diagnostics. Pet owners are increasingly willing to spend on the health and well-being of their animals, leading to higher demand for veterinary infectious disease diagnostics.

• Technological Advancements in Diagnostics: Innovations in diagnostic technologies, such as PCR, ELISA, and next-generation sequencing (NGS), have enhanced the accuracy, speed, and ease of diagnosing infectious diseases in animals. These advancements are helping veterinarians to identify and treat infections more effectively, contributing to market growth.

• Increasing Awareness and Preventive Measures: There is a growing awareness among livestock producers and pet owners about the importance of early diagnosis and prevention of infectious diseases. Governments and veterinary organizations are also promoting regular screening and vaccination programs, further boosting the demand for diagnostic services.

• Expansion of Veterinary Laboratories: The expansion and modernization of veterinary diagnostic laboratories, particularly in emerging economies, are providing greater access to advanced diagnostic services. This is enabling better disease management and control, thereby driving market growth.

• Regulatory Support and Funding: Governments and international organizations are increasingly supporting veterinary diagnostics through funding and favorable regulations. This support is helping to develop and distribute diagnostic tools more widely, especially in regions prone to zoonotic diseases.

• Impact of Zoonotic Diseases: The growing concern over zoonotic diseases, which can be transmitted between animals and humans, is driving the need for robust veterinary diagnostics. Effective monitoring and control of such diseases are crucial for public health, further emphasizing the importance of the veterinary infectious disease diagnostics market.

These factors collectively contribute to the robust growth of the Veterinary Infectious Disease Diagnostics Market, as the need for early detection and effective management of animal diseases becomes increasingly critical.

Veterinary Infectious Disease Diagnostics Market: Segmentation

The study provides a decisive view of the Veterinary Infectious Disease Diagnostics market by segmenting the market based on technology, animal type, end-user, and region.

Based on technology, the market is divided into Immunodiagnostics, Molecular Diagnostics, and Other Veterinary Diagnostic Technologies. The Immunodiagnostics segment is sub-segmented into Lateral Flow Assays, ELISA Tests, and Other Immunodiagnostic Technologies. The Molecular Diagnostics segment is sub-segmented into Polymerase Chain Reaction (PCR) Tests, Microarrays, and Other Molecular Diagnostic Tests.

Based on the animal type market is segmented into Food-Producing Animals and Companion Animals.

Different end-users of the market include Veterinary Laboratories and Clinics, Reference Laboratories, Research Institutes, and Universities' Point of Care / In House Testing.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, with its further bifurcation into major countries including the U.S., Canada, China, UK, France, Germany, Japan, India, and Brazil.

This segmentation includes demand for Veterinary Infectious Disease Diagnostics based on individual segment and applications in all the regions and countries.

Veterinary Infectious Disease Diagnostics Market: Report Scope

Key Market Players & Competitive Landscape:

Some of the key players in this market are:

• IDEXX Laboratories, Inc.
• Zoetis. Inc.
• QIAGEN N.V.
• Thermo Fisher Scientific. Inc.
• Neogen Corporation
• Virbac
• BioMérieux SA
• IDVet
• Randox Laboratories. Ltd.
• Heska Corporation
• Creative Diagnostics
• Eurofins Technologies 
• many others.

This report segments the global Veterinary Infectious Disease Diagnostics market as follows:

Global Veterinary Infectious Disease Diagnostics Market: By Technology

• Immunodiagnostics
  • Lateral Flow Assays
  • ELISA Tests
  • Other Immunodiagnostic Technologies
• Molecular Diagnostics
  • Polymerase Chain Reaction (PCR) Tests
  • Microarrays
  • Other Molecular Diagnostic Tests
• Other Veterinary Diagnostic Technologies

Global Veterinary Infectious Disease Diagnostics Market: By Animal Type

• Companion Animals
• Food Producing Animals

Global Veterinary Infectious Disease Diagnostics Market: By End Users

• Reference Laboratories
• Veterinary Laboratories and Clinics
• Point of Care / In-House Testing
• Research Institutes and Universities

Global Veterinary Infectious Disease Diagnostics Market: By Region

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