Veterinary Immunodiagnostics Market Size, Share, Growth Analysis, By Product(Analyzers, Consumables), By Technology(ELISA, Radioimmune Assays, Rapid Tests, Others), By Animal type(Companion animals, Livestock), By End-User(Reference laboratories, Veterinary Hospitals, Clinics, PoC Testing), By Region - Industry Forecast 2024-2031

Veterinary Immunodiagnostics Market size was valued at USD 2183.35 million in 2019 and is poised to grow from USD 2375.1 million in 2023 to USD 4663.51 million by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).

The rising incidence of animal disease, the availability of disease-specific immunodiagnostic tests, and improvements in immunodiagnostic technology all contribute to the market's expansion. Additionally, the rise in the number of pets and the demand for foods derived from animals both contribute to the expansion of this market. Opportunities for the expansion of this market are expected to be created by emerging economies. The development of the veterinary immunodiagnostics market, however, is anticipated to face significant obstacles due to the underdeveloped veterinary diagnostics infrastructure in developing nations.

There are more people and animals being tested because COVID-19 is becoming more common worldwide. Players and reference labs have also been prompted by this to create new and improved animal tests. The AVMA, CDC, USDA, American Association of Veterinary Laboratory Diagnosticians (AAVLD), National Association of State Public Health Veterinarians (NASPHV), and the National Assembly of State Animal Health Officials do not advocate routine COVID-19 testing of animals. Animal testing may be decided upon by public and animal health officials due to the constantly changing situation. The attending veterinarian, as well as representatives from the local, state, and/or federal public health and animal health departments, should jointly decide whether to conduct the test.

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