Global Veterinary Health Diagnostics Market Growth (Status and Outlook) 2023-2029

Global Veterinary Health Diagnostics Market Growth (Status and Outlook) 2023-2029

The global Veterinary Health Diagnostics market size is projected to grow from US$ 3083.4 million in 2022 to US$ 4578.3 million in 2029; it is expected to grow at a CAGR of 5.8% from 2023 to 2029.

The veterinary health diagnostics market is being driven by several factors. One of the primary drivers is the increasing focus on animal health and the rising demand for early and accurate diagnosis of diseases in animals. Pet owners, livestock farmers, and veterinary professionals are recognizing the importance of diagnostics in improving animal well-being, enhancing treatment outcomes, and preventing the spread of diseases. Additionally, the growing pet ownership rates, particularly in urban areas, and the increasing demand for livestock products have led to a higher need for veterinary health diagnostics. Technological advancements in diagnostic tools and techniques, such as molecular diagnostics, point-of-care testing, and imaging modalities, have also contributed to the market growth by enabling faster and more precise diagnosis. Furthermore, regulatory initiatives and guidelines promoting animal health surveillance and disease control have further propelled the adoption of veterinary health diagnostics. Overall, the veterinary health diagnostics market is driven by the growing awareness of animal health, increasing pet ownership, technological advancements, and supportive regulations, all of which aim to improve the health and well-being of animals.

Diagnosis is an integral part of disease prevention and management as a minor outbreak of the disease can spread quickly and pose a threat to the entire population in the vicinity. Disease diagnosis of an animal forms the connecting link between the cause of the disease and the cure of the disease. There is a requirement for rapid methods that can provide answers related to the disease in terms of its cause and the probable solution.

LPI (LP Information)' newest research report, the “Veterinary Health Diagnostics Industry Forecast” looks at past sales and reviews total world Veterinary Health Diagnostics sales in 2022, providing a comprehensive analysis by region and market sector of projected Veterinary Health Diagnostics sales for 2023 through 2029. With Veterinary Health Diagnostics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Veterinary Health Diagnostics industry.

This Insight Report provides a comprehensive analysis of the global Veterinary Health Diagnostics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Veterinary Health Diagnostics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Veterinary Health Diagnostics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Veterinary Health Diagnostics and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Veterinary Health Diagnostics.

This report presents a comprehensive overview, market shares, and growth opportunities of Veterinary Health Diagnostics market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Clinical Biochemistry
Molecular Diagnostics
Immunodiagnostics
POCT
Others

Segmentation by application
Companion Animals
Livestock

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IDEXX Laboratories
Zoetis
Thermo Fisher Scientific
Heska
Biomerieux
Neogen
Virbac
QIAGEN
Randox Laboratories
IDvet

Please note: The report will take approximately 2 business days to prepare and deliver.