USD 1.80 Billion
Veterinary Infectious Disease Diagnostics Market Size, Share, Growth Analysis, By Animal Type(Food-producing animals, Companion animals), By End-use(Veterinary hospitals, Reference laboratories, In-house/point-of-care laboratories.), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35D2188 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
62
|Figures:
75
Veterinary Infectious Disease Diagnostics Market Insights
Veterinary Infectious Disease Diagnostics Market size was valued at USD 1.80 Billion in 2021 and is poised to grow from USD 1.96 Billion in 2022 to USD 3.88 Billion by 2030, at a CAGR of 8.9% during the forecast period (2023-2030).
The primary purpose of the veterinary infectious disease diagnostics market is to facilitate the timely and effective diagnosis of infectious diseases in animals. By providing accurate diagnostic solutions, this market aids in the prevention, control, and treatment of infectious diseases, ultimately leading to improved animal health outcomes. Additionally, it helps in the surveillance and monitoring of disease outbreaks, contributing to the overall public health and safety. One of the driving factors for the growth of the veterinary infectious disease diagnostics market is the increasing prevalence of infectious diseases in animals. Factors such as globalization, climate change, and changes in animal husbandry practices have contributed to the spread of infectious diseases, necessitating the need for efficient diagnostic tools. There are also restraining factors that impact the market.
One such factor is the high cost associated with veterinary infectious disease diagnostics, which can limit accessibility, particularly in developing regions. Additionally, the lack of skilled professionals and infrastructure in some areas can hinder the adoption and implementation of diagnostic technologies. The veterinary infectious disease diagnostics market faces several challenges, including the development of diagnostic tools that are both sensitive and specific for a wide range of infectious agents. Keeping up with the constantly evolving nature of infectious diseases and their associated pathogens requires continuous research and development efforts. Nevertheless, there are significant opportunities in the market. Technological advancements, such as the development of rapid and point-of-care diagnostic tests, are expected to enhance the efficiency and accuracy of disease diagnosis.
Furthermore, the growing awareness about zoonotic diseases and the One Health concept, which emphasizes the interconnectedness of human, animal, and environmental health, create opportunities for the expansion of the veterinary infectious disease diagnostics market. the global veterinary infectious disease diagnostics market serves a vital role in animal health and disease management. While it faces challenges and limitations, it also presents opportunities for advancements in diagnostic technologies, ultimately contributing to the overall improvement of animal health and public health worldwide.
US Veterinary Infectious Disease Diagnostics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Food-producing animals
Fastest Growth
Food-producing animals
Growth Rate
8.9% CAGR
Global Veterinary Infectious Disease Diagnostics Market ($ Bn)
Country Share for North America Region (%)
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Veterinary Infectious Disease Diagnostics Market Segmental Analysis
The global veterinary infectious disease diagnostics market is segmented on the basis of animal type, end-use, and region. By animal type, the market is segmented into food-producing animals, and companion animals. By End-use, the market is segmented into Veterinary hospitals, Reference laboratories, In-house/point-of-care laboratories. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Veterinary Infectious Disease Diagnostics Market Analysis by Animal Type
The largest segment in the veterinary infectious disease diagnostics market is the food-producing animal’s segment. As the demand for meat and other animal-based products continues to rise globally, ensuring the health and well-being of these animals becomes crucial. The food-producing animals segment includes livestock such as cattle, swine, poultry, and fish. With a vast population of these animals worldwide, the veterinary diagnostics market for food-producing animals is substantial.
The companion animals’ segment is the fastest-growing segment in the veterinary infectious disease diagnostics market. Companion animals, including dogs, cats, and horses, play a vital role in the lives of millions of people worldwide. The increasing pet ownership rates, coupled with the growing awareness of animal health, have propelled the demand for advanced diagnostic tools in this segment.
Veterinary Infectious Disease Diagnostics Market Analysis by End-use
The largest segment in the veterinary infectious disease diagnostics market is veterinary hospitals. These facilities play a critical role in providing comprehensive healthcare services to animals, including diagnosis, treatment, and preventive care. Veterinary hospitals cater to a wide range of animal species, ranging from small companion animals to large livestock.
The reference laboratories segment is experiencing rapid growth due to several factors. Firstly, reference laboratories offer specialized expertise and state-of-the-art diagnostic technologies, enabling them to provide highly accurate and detailed diagnostic results. Veterinarians rely on these laboratories for specialized testing, including viral and bacterial cultures, histopathology, and genetic testing, to obtain precise diagnoses and guide treatment strategies.
Global Veterinary Infectious Disease Diagnostics Market By Animal Type
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Veterinary Infectious Disease Diagnostics Market Regional Insights
The dominating region in the global veterinary infectious disease diagnostics market is North America. This region holds a substantial market share due to several factors that contribute to its dominance. North America boasts a highly developed veterinary healthcare infrastructure, advanced diagnostic technologies, and a strong emphasis on animal health and welfare.
The fastest-growing region in the global veterinary infectious disease diagnostics market is the Asia-Pacific region. This region is experiencing remarkable growth due to several factors that contribute to its rapid development. Asia-Pacific is home to a large population of both food-producing animals and companion animals, which creates a substantial demand for veterinary diagnostics.
Global Veterinary Infectious Disease Diagnostics Market By Geography
- Largest
- Fastest
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Veterinary Infectious Disease Diagnostics Market Dynamics
Veterinary Infectious Disease Diagnostics Market Drivers
Increasing Focus on Animal Health
- The growing awareness about animal health and welfare has been a significant driver in the veterinary infectious disease diagnostics market. Pet owners and livestock producers are increasingly seeking advanced diagnostic tools and services to ensure early detection and effective management of infectious diseases. For example, in 2022, the COVID-19 pandemic highlighted the importance of animal health monitoring and the need for robust diagnostic capabilities to identify potential zoonotic diseases.
Technological Advancements
- The continuous advancements in diagnostic technologies have propelled the growth of the veterinary infectious disease diagnostics market. Innovative diagnostic methods, such as molecular diagnostics, point-of-care testing, and advanced imaging techniques, have improved the accuracy, speed, and convenience of disease diagnosis. For instance, in 2022, there were significant developments in the field of veterinary molecular diagnostics, allowing for rapid and precise detection of pathogens in animals.
Veterinary Infectious Disease Diagnostics Market Restraints
High Cost of Advanced Diagnostics
- The cost associated with advanced diagnostic technologies and services can be a significant restraint in the veterinary infectious disease diagnostics market. The adoption of cutting-edge diagnostic tools and equipment often requires substantial investment, which may pose challenges for small veterinary clinics or resource-constrained regions. The cost factor can limit the accessibility and utilization of advanced diagnostic methods, hindering market growth.
Limited Awareness and Access in Developing Regions
- Developing regions, particularly in rural areas, may have limited awareness about the importance of veterinary infectious disease diagnostics or lack access to advanced diagnostic facilities. The lack of infrastructure, trained personnel, and diagnostic capabilities can restrict market growth in these regions. Addressing these gaps and promoting awareness about the benefits of diagnostics is crucial to overcome this restraint.
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Veterinary Infectious Disease Diagnostics Market Competitive Landscape
The global veterinary infectious disease diagnostics market is highly competitive and comprises a diverse range of players, including multinational corporations, regional companies, and niche diagnostic solution providers. The market's competitive landscape is characterized by intense competition, strategic collaborations, product innovations, and mergers and acquisitions. Key players in the market focus on expanding their product portfolios, enhancing their distribution networks, and establishing strong partnerships to strengthen their market presence. Strategic collaborations and partnerships are a common trend in the competitive landscape of the veterinary infectious disease diagnostics market. Companies often collaborate with research institutions, veterinary hospitals, and other industry stakeholders to develop and commercialize innovative diagnostic solutions. These collaborations enable knowledge sharing, access to specialized expertise, and the pooling of resources for research and development initiatives.
Veterinary Infectious Disease Diagnostics Market Top Player’s Company Profiles
- Heska Corporation (US)
- Neogen Corporation (US)
- Virbac (France)
- Boehringer Ingelheim Animal Health (Germany)
- Idexx Laboratories Ltd. (UK)
- Qiagen N.V. (Netherlands)
- Randox Laboratories Ltd. (UK)
- Biomerieux SA (France)
- VCA Inc. (US)
- Abaxis, Inc. (US)
- Eurofins Scientific (Luxembourg)
- GD Animal Health (Netherlands)
- Mars, Incorporated (US)
- Fujifilm Holdings Corporation (Japan)
- Covetrus, Inc. (US)
- Bioneer Corporation (South Korea)
- Elanco Animal Health Incorporated (US)
Veterinary Infectious Disease Diagnostics Market Recent Developments
- In May 2023, Heska Corporation launched a new ELISA test for the detection of canine distemper virus. The test is designed to be used in veterinary hospitals and clinics, and it can provide results in as little as 15 minutes.
- In April 2023, Qiagen launched a new multiplex PCR test for the detection of porcine reproductive and respiratory syndrome (PRRS). The test can detect both the classical and virulent strains of the virus, and it can be used to diagnose PRRS in both clinical and research settings.
- In March 2023, Neogen Corporation launched a new point-of-care test for the detection of bovine tuberculosis (TB). The test is designed to be used by veterinarians in the field, and it can provide results in as little as 15 minutes.
- In February 2023, Zoetis announced the launch of a new ELISA test for the detection of feline leukemia virus (FeLV). The test is designed to be used in veterinary hospitals and clinics, and it can provide results in as little as 15 minutes.
Veterinary Infectious Disease Diagnostics Key Market Trends
- Point-of-Care Testing: The adoption of point-of-care testing (POCT) in veterinary diagnostics has gained traction as it offers real-time, rapid results without the need for centralized laboratory facilities. POCT devices enable veterinarians to perform diagnostic tests on-site, saving time and allowing for immediate decision-making. This trend has been particularly relevant in 2022, with the development of portable and user-friendly POCT devices for infectious disease diagnosis in animals.
- Digitalization and Telemedicine: The integration of digital technologies and telemedicine solutions in veterinary diagnostics has emerged as a key trend. Remote consultations, digital health records, and telepathology enable veterinarians to access expert opinions, share diagnostic images, and collaborate effectively. In 2022, there was a growing adoption of telemedicine platforms and digital diagnostic tools, facilitating improved disease management and diagnostics in veterinary healthcare.
Veterinary Infectious Disease Diagnostics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global veterinary infectious disease diagnostics market analysis, North America dominates the global veterinary infectious disease diagnostics market in terms of revenue share. The region's dominance can be attributed to several factors, including the high prevalence of infectious diseases in animals, a well-established veterinary healthcare infrastructure, and technological advancements in diagnostic tools. The sedentary lifestyle and changing dietary habits leading to increased pet ownership and the demand for animal-based products also contribute to the market's growth in North America. On the other hand, the Asia Pacific region is experiencing the fastest growth rate in the global veterinary infectious disease diagnostics market. Factors such as the rising awareness about animal health, increasing pet ownership, and economic growth in countries like China and India are driving market growth in the region. Additionally, favorable reimbursement policies and government initiatives to improve healthcare infrastructure are boosting the adoption of veterinary infectious disease diagnostics in the Asia Pacific region. The veterinary infectious disease diagnostics market offers a range of diagnostic options, including molecular diagnostics, serology, and imaging techniques. Among these, molecular diagnostics have gained prominence due to their high accuracy and sensitivity in detecting infectious agents. These diagnostic technologies enable veterinarians to identify pathogens and formulate targeted treatment plans. In terms of biomaterials, the market is dominated by metallic biomaterials used in diagnostic tools and implants.
However, there is also promising growth potential for polymeric biomaterials, which offer advantages such as biocompatibility and controlled drug release. Several drivers contribute to the growth of the global veterinary infectious disease diagnostics market. These include the increasing prevalence of infectious diseases in animals, the growing aging population of pets and livestock, technological advancements in diagnostic tools, and the rising demand for minimally invasive procedures. However, the market also faces challenges, such as the high costs associated with advanced diagnostic technologies, stringent regulatory processes, potential complications in diagnostic procedures, the availability of alternative treatment options, and limitations in reimbursement policies. Key trends in the market include the adoption of advanced diagnostic techniques, such as point-of-care testing and molecular diagnostics, to enable rapid and accurate disease diagnosis. Additionally, there is a focus on personalized veterinary medicine, with an emphasis on patient-specific treatment plans tailored to individual animals' needs. The global veterinary infectious disease diagnostics market presents opportunities for market players to innovate, expand their product offerings, and address the evolving needs of veterinary healthcare providers and animal owners worldwide. By leveraging technological advancements and focusing on personalized and efficient diagnostic solutions, companies can make a significant impact in the market and contribute to the overall improvement of animal health.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.80 Billion |
| Market size value in 2031 | USD 3.88 Billion |
| Growth Rate | 8.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Veterinary Infectious Disease Diagnostics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Veterinary Infectious Disease Diagnostics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Veterinary Infectious Disease Diagnostics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Veterinary Infectious Disease Diagnostics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Veterinary Infectious Disease Diagnostics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Veterinary Infectious Disease Diagnostics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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