Livestock Diagnostics Market Size, Share, Growth Analysis, By product type(Ruminants, Swine, Poultry, Other Animals), By Region - Industry Forecast 2024-2031

Livestock Diagnostics Market size was valued at USD 6.61 billion in 2019 and is poised to grow from USD 7.2 billion in 2023 to USD 14.36 billion by 2031, growing at a CAGR of 9% in the forecast period (2024-2031).

A crucial instrument, livestock diagnostics basically enable pathogen identification and confirm the health of animals.Typically, they are carried out by analyzing tissue, blood, and feces from livestock, wild animals, and pets as they help in the early detection, management, and control of diseases like zoonosis in a variety of end-user industries like reference labs, veterinary hospitals, and private outpatient clinics. There will be lucrative opportunities for the expansion of the market as a result of initiatives related to the diagnosis of infections in livestock animals and raising awareness about the production losses caused by infectious diseases in livestock.

In developed economies, market expansion can be largely attributed to an increase in the number of veterinary practitioners and income levels, an increase in disease control and prevention measures, and an increase in animal health expenditures.

The global market will be driven by the availability of advanced diagnostic technologies, which veterinarians believe will improve diagnosis and treatment.In addition, market participants will be able to gain a long-term competitive advantage through continuous innovation, further consolidating their positions in the market.

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