Veterinary Diagnostics Market Size is estimated to grow at a CAGR of 10.0% during the forecast period

 

From 2022 to 2030, the worldwide veterinary diagnostics market is projected to expand at a compound annual growth rate (CAGR) of 10.0%. The World Organization for Animal Health estimates that there will be about 117 different animal illnesses, infections, and infestations in 2020. Using a range of tests and instruments, veterinary diagnostics is the medical diagnostic testing of diseases in animals brought on by a variety of microorganisms, such as bacteria, viruses, fungus, and pathogens. Samples of companion and livestock animals' tissues, blood, and excrement are analyzed for the tests.

 

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GROWTH DRIVERS

The global veterinary diagnostics market is growing primarily due to factors like the increasing prevalence of zoonotic and infectious diseases worldwide, rising costs for animal health, an increase in the number of veterinary practitioners worldwide, an increase in the population of companion and livestock animals, rising demand for and consumption of food products derived from animals, growing awareness of animal health, and an increase in the acceptance of advanced techniques for animal diagnosis and treatment in most laboratories.

Point-of-care diagnostics are becoming more and more popular worldwide since they reduce time and give faster results for clinical tests, which is convenient for both the animals and their caregivers. According to the AVMA, there were about 26,000 veterinary clinics and hospitals in the United States in 2019; about 80% of these provided point-of-care diagnostics. To expand its line of products, Idexx Laboratories released new updates for its chemistry analyzers, Catalyst Dx, SediVue Dx Urine Sediment Analyzer, and Catalyst One in January 2020.

VETERINARY DIAGNOSTICS MARKET SEGMENTATION

By Product Type

·         Instruments

·         Consumables



By Animal Type

·         Companion Animals

o    Cats

o    Dogs

o    Horses

o    Other Companion Animals

·         Livestock

o    Cattle

o    Pigs

o    Poultry

o    Other Livestock

 

By Technology

·         Immunodiagnostics

o    Lateral Flow Assays

o    ELISA Tests

o    Allergen-specific Immunodiagnostic Tests

o    Immunoassay Analyzers

o    Other Immunodiagnostic Products

·         Clinical Biochemistry

o    Clinical Chemistry Analysis

o    Glucose Monitoring

o    Blood Gas & Electrolyte Analysis

·         Molecular Diagnostics

o    Polymerase Chain Reaction (PCR) Tests

o    Microarrays

o    Other Molecular Diagnostic Products

·         Hematology

o    Hematology Cartridges

o    Hematology Analyzers

·         Urinalysis

o    Urinalysis Clips & Cartridges/Panels

o    Urine Analyzers

o    Urine Test Strips

·         Other Veterinary Diagnostic Technologies

 

By Region

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

KEY COMPANIES IN VETERINARY DIAGNOSTICS MARKET

·         Thermo Fisher Scientific Inc.

·         Zoetis Inc.

·         IDEXX Laboratories Inc.

·         NEOGEN Corporation

·         Bio-Rad Laboratories Inc.

·         bioMérieux SA

·         Virbac

·         Heska Corporation

·         Agrolabo S.p.A.

·         INDICAL BIOSCIENCE GmbH

·         Randox Laboratories Ltd.

·         IDvet

·         Biopanda Reagents

·         Precision Biosensor Inc.

·         Covetrus

·         iM3Vet Pty Ltd.

·         Intervet Inc.

·         QIAGEN

·         Other Players

 

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