Global Animal Diagnostics Market

Animal Diagnostics Market Size, Share, Growth Analysis, By Product Type(Consumables and Instruments), By Technology(Immunodiagnostics, Clinical Biochemistry, Molecular Diagnostics, and Hematology), By Animal Type(Companion Animals and Livestock), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35J2026 | Region: Global | Published Date: February, 2024
Pages: 272 | Tables: 87 | Figures: 76

Animal Diagnostics Market Insights

Animal Diagnostics Market size was valued at USD 8.15 Billion in 2023 and is poised to grow from USD 9.1 Billion in 2024 to USD 21.87 Billion by 2032, growing at a CAGR of 11.6% during the forecast period (2025-2032).

Animal diagnostics involves identifying and measuring chemicals in non-human animal source materials. These diagnostic tests are essential for veterinarians to diagnose and treat animal diseases accurately. Animal diagnostics is a vital aspect of diagnosing diseases in animals, as many products such as meat, milk, and leather are derived from animals. It encompasses various devices and consumables that are essential for the early detection and treatment of animal diseases. Animal therapies rely on the administration of drugs, which vary in their mode of action and efficacy. The use of animal diagnostics is critical for managing and preventing disease outbreaks among animals. In addition to treating existing diseases, animal diagnostics play an important role in disease prevention and surveillance. By enabling early detection and prompt treatment, animal diagnostics can help prevent the spread of diseases to humans and safeguard public health. Therefore, animal diagnostics is an indispensable tool for ensuring the health and wellbeing of both animals and humans alike.

One of the significant factors driving the growth of the animal diagnostics market is increased expenditure on animal health. Pet owners are becoming more aware of their pet's health and are willing to spend more on their well-being. This rise in spending on animal health is expected to drive the demand for animal diagnostics. The rising incidence of zoonotic diseases is also contributing to the growth of the animal diagnostics market. Zoonotic diseases are illnesses that can be transmitted from animals to humans, and their prevalence is increasing. This increased focus on animal health is expected to drive the demand for animal diagnostics.

Another factor driving the growth of the animal diagnostics market is technological advancements in point-of-care diagnostics. Point-of-care diagnostics enables veterinarians to diagnose diseases quickly and accurately, without having to send samples to a laboratory. This technology is becoming more prevalent in veterinary clinics and is expected to drive the demand for animal diagnostics. The increasing disposable income levels in developing regions are also contributing to the growth of the animal diagnostics market. As disposable income levels rise, pet ownership is increasing, and pet owners are becoming more aware of their pet's health. This trend is driving the demand for animal diagnostics in developing regions. The increasing disposable income levels in developing regions are also contributing to the growth of the animal diagnostics market. As disposable income levels rise, pet ownership is increasing, and pet owners are becoming more aware of their pet's health. This trend is driving the demand for animal diagnostics in developing regions.

The demand for animal protein has been increasing globally, leading to the intensification of animal agriculture. This intensification increases the likelihood of infectious animal diseases, making animal diagnostics essential for animal health and safety. The animal diagnostics market is seeing a significant shift towards more advanced and innovative technologies, including genetic testing, proteomics, and metabolomics. These innovative techniques are becoming more widely accepted in most laboratories and are expected to drive the demand for animal diagnostics.

US Animal Diagnostics Market is poised to grow at a sustainable CAGR for the next forecast year.

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Animal Diagnostics Market size was valued at USD 7.3 billion in 2022 and is poised to grow from USD 8.15 billion in 2023 to USD 19.60 billion by 2031, growing at a CAGR of 11.6% in the forecast period (2024-2031).

The global animal diagnostics market is highly fragmented, with numerous small and large players operating in the market. These players offer a wide range of animal diagnostic products and services, including point-of-care diagnostics, laboratory testing, and imaging services. The market is characterized by intense competition, with players competing on factors such as price, product quality, and service offerings. In addition, players are investing heavily in research and development to launch new and innovative products and services, further intensifying competition in the market. Overall, the animal diagnostics market is highly competitive and dynamic, with players constantly striving to gain a larger share of the market. 'IDEXX Laboratories Inc.', 'Zoetis Inc.', 'Thermo Fisher Scientific Inc.', 'Heska Corporation', 'Virbac', 'Bio-Rad Laboratories Inc.', 'Abaxis Inc.', 'Neogen Corporation', 'QIAGEN N.V.', 'IDvet', 'VCA Inc.', 'Covetrus Inc.', 'Boehringer Ingelheim International GmbH', 'Randox Laboratories Ltd.', 'Fassisi GmbH', 'Eurolyser Diagnostica GmbH', 'AniBio GmbH & Co. KG', 'Greiner Bio-One GmbH', 'Henry Schein, Inc.', 'IDEXX Distribution, Inc'

The increasing expenditure on animal health is driving the growth of the global animal diagnostics market. Pet owners and farmers are becoming more aware of the importance of animal health and are willing to spend more on animal healthcare products and services. The growing demand for animal-derived food products is also contributing to the increase in expenditure on animal health. This trend is particularly evident in developed regions such as North America and Europe, where pet ownership is high, and consumers have higher disposable incomes. The rise in expenditure on animal health is expected to continue to drive the growth of the animal diagnostics market in the coming years.

The global animal diagnostics market is a growing demand for point-of-care (POC) diagnostics. POC diagnostics are rapid, portable, and easy-to-use diagnostic tools that enable veterinarians to make accurate and timely diagnoses at the point of care. These tools are becoming increasingly popular among veterinary practitioners due to their ability to provide real-time results and improve patient outcomes. Advancements in technology have resulted in the development of POC diagnostic tools that can detect a wide range of animal diseases, including infectious diseases, metabolic disorders, and genetic abnormalities. These tools are being used not only in veterinary clinics but also in the field, allowing veterinarians to diagnose and treat animals in remote locations. The growing demand for POC diagnostics is driven by several factors, including the increasing prevalence of animal diseases, the need for rapid and accurate diagnoses, and the rising demand for animal-derived food products.

North America is dominating the animal diagnostic market due to several factors such as the presence of numerous animal healthcare companies, an established healthcare infrastructure, and a growing number of pet owners. The region is witnessing an increase in awareness about animal health, which is leading to the growth of the animal diagnostic market. The growing demand for animal-derived food products is also driving the growth of the animal diagnostic market in North America. North America is characterized by a high level of technological advancement, which has led to the development of advanced animal diagnostics products and services. The increasing adoption of companion animals and the growing demand for animal healthcare services are also contributing to the growth of the animal diagnostics market in the region. Furthermore, the region's well-established regulatory framework ensures the safety and efficacy of animal diagnostic products and services, which has led to increased consumer confidence in the market.

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Global Animal Diagnostics Market

Report ID: SQMIG35J2026

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