- Veterinary diagnostics are essential tools used to detect, monitor, and manage diseases in animals, including both companion and livestock species, through various testing methodologies such as immunodiagnostics, molecular diagnostics, and clinical biochemistry
- The demand for veterinary diagnostics is significantly driven by the rising incidence of zoonotic diseases, growing pet adoption, and increased spending on animal health
- North America is expected to dominate the veterinary diagnostics market with a market share of 38.30%, due to well-developed veterinary healthcare infrastructure, high pet ownership rates, and the presence of major diagnostic companies
- Asia-Pacific is expected to be the fastest growing region in the veterinary diagnostics market with a market share of 18.6%, during the forecast period due to the rising livestock population, increasing pet adoption, and improving animal healthcare infrastructure
- Companion Animals segment is expected to dominate the market with a market share of 59.31% due to its rising pet ownership, increasing awareness of pet health, and growing expenditure on animal healthcare
