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Global Veterinary Diagnostics Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Veterinary Diagnostics Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - 8.55% Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 2.60 Billion
Diagram Market Size (Forecast Year) USD 5.01 Billion
Diagram CAGR 8.55%

Global Veterinary Diagnostics Market, By Product (Instruments and Reagents, Consumables), Technology (Immunodiagnostics, Clinical Biochemistry, Molecular Diagnostics, Haematology, Urinalysis, Others), Animal Type (Companion Animals, Livestock Animals), Disease Type (Infectious Diseases, Non-infectious Diseases, Hereditary, Congenital, and Acquired Diseases, General Ailments, Structural and Functional Diseases), Species (Bovine, Camelid, Canine and Feline, Caprine, Equine, Ovine, Porcine, Avian, Others), End User (Reference Laboratories, Veterinary Hospitals and Clinics, Point-of-Care/In-House Testing, Research Institutes and Universities) – Industry Trends and Forecast to 2029

Global Veterinary Diagnostics Market Analysis and Size

Veterinary diagnostics is considered a crucial part of for the management and prevention of outbreak of diseases among animals. The rise in the emphasis on the prevention and control of zoonotic diseases is escalating the growth of veterinary diagnostics market.

  • Global Veterinary Diagnostics Market was valued at USD 2.6 Billion in 2021 and is expected to reach USD 5.01 Billion by 2029, registering a CAGR of 8.55% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Global Veterinary Diagnostics Market Definition

Veterinary diagnostics are referred to the tools that are utilized in diagnosis of animal diseases that is caused owing to the microorganisms, including viruses, fungi, bacteria and pathogens, among others. These animal diagnostics tools are used for detecting disease, checking the presence of disease-causing agents, monitoring disease progression and providing optimal therapeutics.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product (Instruments and Reagents, Consumables), Technology (Immunodiagnostics, Clinical Biochemistry, Molecular Diagnostics, Haematology, Urinalysis, Others), Animal Type (Companion Animals, Livestock Animals), Disease Type (Infectious Diseases, Non-infectious Diseases, Hereditary, Congenital, and Acquired Diseases, General Ailments, Structural and Functional Diseases), Species (Bovine, Camelid, Canine and Feline, Caprine, Equine, Ovine, Porcine, Avian, Others), End User (Reference Laboratories, Veterinary Hospitals and Clinics, Point-of-Care/In-House Testing, Research Institutes and Universities)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Almac (UK), Element Materials Technology Group Limited (UK), Eurofins Scientific (France), PPD Development, LP (US), Source BioScience (UK), Intertek Group plc (UK), Laboratory Corporation of America (US), BioReliance Corporation (US), Charles River Laboratories (US), WuXi AppTec (China), Anacura (Belgium), LGC Ltd (UK), Medpace Hldgs (US), Syneos Health (US), PRA Health Sciences (US), STERIS plc (US), Merck Group KGaA (Germany), and PPD, Inc. (US),

Market Opportunities

  • Increase in the demand for animal-derived food products surge in the incidence of transboundary
  • Rise in number of veterinary practitioners

Veterinary Diagnostics Market Dynamics

  • DriversAnimal-derived food products

The increase in the demand for animal-derived food products acts as one of the major factors driving the growth of veterinary diagnostics market.

  • Incidence of Transboundary

The surge in the incidence of transboundary and zoonotic diseases among animals accelerate the market growth.

  • Number of Veterinary Practitioners

The rise in number of veterinary practitioners and their rising income levels in developed economies further influence the market.

Opportunities

Furthermore, use of PCR testing panels to rule out COVID-19 virus in animals extend profitable opportunities to the market players in the forecast period of 2022 to 2029.

Restraints/Challenges Global Veterinary Diagnostics Market

On the other hand, high cost associated with animal diagnostics and rise in the expenses of pet care is expected to obstruct market growth. Also, shortage of veterinary practitioners is projected to challenge the veterinary diagnostics market in the forecast period of 2022-2029.

This veterinary diagnostics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on veterinary diagnostics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Veterinary Diagnostics Market

According to reports, COVID-19 could be transmitted to pet cats and dogs from a person with COVID-19 in the same manner it might transmit it to another person. Multiple countries reported infections of SARS-CoV-2 in non-human animals during the initial outbreak of COVID-19. However, there is no compelling evidence to date that any domestic animal readily transmits SARS-CoV-2 to other animals, including humans. The volume of tests humans and animals grew with the prevalence of COVID-19. Major players and reference laboratories are expected to develop new and improved animal tests in the post-pandemic scenario further accelerating the growth.

Recent Developments

  • Heska Corporation acquired Lacuna Diagnostics in January’2021. This acquisition aims at strengthening the company’s portfolio of telemedicine services and point-of-care digital cytology technology.

Global Veterinary Diagnostics Market Scope and Market Size

The veterinary diagnostics market is segmented on the basis of product, technology, animal type, disease type, species and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Instruments
  • Reagents
  • Consumables

On the basis of product, the veterinary diagnostics market is segmented into instruments and reagents, and consumables.

Technology

  • Immunodiagnostics
  • Clinical Biochemistry
  • Molecular Diagnostics
  • Haematology
  • Urinalysis
  • Others

On the basis of technology, the veterinary diagnostics market is segmented into immunodiagnostics, clinical biochemistry, molecular diagnostics, haematology, urinalysis and others. Immunodiagnostics is further been sub segmented into lateral flow assays, Elisa tests, allergen-specific immunodiagnostic tests, immunoassay analysers and others. Lateral flow assays are further been sub segmented into lateral flow rapid tests and lateral flow strip readers. Clinical biochemistry is further been sub segmented into clinical chemistry analysis, glucose monitoring and blood gas and electrolyte analysis. Clinical chemistry analysis is further been sub segmented into clinical chemistry reagent clips and cartridges and clinical chemistry analysers. Glucose monitoring is further been sub segmented into blood glucose strips, glucose monitors and urine glucose strips. Blood gas and electrolyte analysis is further been sub segmented into blood gas and electrolyte reagent clips and cartridges and blood gas and electrolyte analysers. Molecular diagnostics is further been sub segmented into polymerase chain reaction (PCR) tests, microarrays and others. Haematology is further been sub segmented into haematology cartridges and haematology analysers. Urinalysis is further been sub segmented into urinalysis clips and cartridges or panels, urine analysers and urine test strips.

Animal Type

  • Companion Animals
  • Livestock Animals

On the basis of animal type, the veterinary diagnostics market is segmented into companion animals and livestock animals. Companion animals have further been segmented into dogs, cats, horses and others. Livestock animals have further been segmented into cattle, pigs, poultry and others.

Disease Type

  • Infectious Diseases
  • Non-Infectious Diseases
  • Hereditary, Congenital, and Acquired Diseases
  • General Ailments
  • Structural and Functional Diseases

On the basis of disease type, the veterinary diagnostics market is segmented into infectious diseases, non-infectious diseases, hereditary, congenital, and acquired diseases, general ailments, structural and functional diseases.

Species

  • Bovine
  • Camelid
  • Canine and Feline
  • Caprine
  • Equine
  • Ovine
  • Porcine
  • Avian
  • Others

On the basis of species, the veterinary diagnostics market is segmented into bovine, camelid, canine and feline, caprine, equine, ovine, porcine, avian and others.

End User

  • Reference Laboratories
  • Veterinary Hospitals and Clinics
  • Point-Of-Care/In-House Testing
  • Research Institutes And Universities

On the basis of end user, the veterinary diagnostics market is segmented into reference laboratories, veterinary hospitals and clinics, point-of-care/in-house testing and research institutes and universities.

Veterinary Diagnostics Market Regional Analysis/Insights

The veterinary diagnostics market is analysed and market size insights and trends are provided by country, product, technology, animal type, disease type, species and end user as referenced above.

The countries covered in the veterinary diagnostics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the veterinary diagnostics market because of the presence of healthcare programs within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increased disposable income and acceptance of pet animals in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The veterinary diagnostics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for veterinary diagnostics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the veterinary diagnostics market. The data is available for historic period 2010-2020.

Competitive Landscape and Veterinary Diagnostics Market Share Analysis

The veterinary diagnostics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to veterinary diagnostics market.

Some of the major players operating in the veterinary diagnostics market are:

  • Almac (UK)
  • Element Materials Technology Group Limited (UK)
  • Eurofins Scientific (France)
  • PPD Development, LP (US)
  •  Source BioScience (UK)
  • Intertek Group plc (UK)
  • Laboratory Corporation of America (US)
  • BioReliance Corporation (US)
  • Charles River Laboratories (US)
  • WuXi AppTec (China)
  • Anacura (Belgium)
  • LGC Ltd (UK)
  • Medpace Hldgs (US)
  • Syneos Health (US)
  • PRA Health Sciences (US)
  • STERIS plc (US)
  • Merck Group KGaA (Germany)
  • PPD, Inc. (US)

Research Methodology : Global Veterinary Diagnostics Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-veterinary-diagnostics-market


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Veterinary Diagnostics Market will be projected at USD 5.01 Billion during the forecast by 2029.
The Veterinary Diagnostics Market is Expected to Witness CAGR of 8.55% During the Forecast Period of 2022 to 2029.
The Major Players Operating in the Veterinary Diagnostics Market are Almac (UK), Element Materials Technology Group Limited (UK), Eurofins Scientific (France), PPD Development, LP (US), Source BioScience (UK), Intertek Group plc (UK), Laboratory Corporation of America (US), BioReliance Corporation (US), among others.
The Countries Covered in the Veterinary Diagnostics Market Report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The Veterinary Diagnostics Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.
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