Veterinary Diagnostic Services Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Global Veterinary Diagnostic Services Market is poised to experience a 6.7% CAGR from 2024 to 2032, largely due to the increasing demand for specialized care for farm animals. The growing global population necessitates efficient management of farm animal health.
Veterinary diagnostic services are pivotal in the early detection, prevention, and treatment of livestock diseases, safeguarding both the health and productivity of these animals. Given the agriculture and dairy sectors' heavy reliance on livestock health, the demand for advanced diagnostic services is set to surge, propelling market growth.
The Veterinary Diagnostic Services Industry is categorized by service type, animal type, and region.
Based on animal type, the farm animals segment is expected to register a commendable CAGR from 2024-2032. Rising awareness about animal health, coupled with the increasing prevalence of zoonotic diseases, drives the demand for comprehensive diagnostic services in the farming sector. Veterinary diagnostics for farm animals help monitor and manage livestock health, reducing the risk of disease outbreaks and improving overall animal welfare. As global demand for meat and dairy products continues to rise, so does the emphasis on maintaining healthy livestock through regular and advanced diagnostics.
The surgical services segment is expected to capture a notable share of the veterinary diagnostic services market by 2032. The growing need for surgical interventions in animals, including emergency surgeries, orthopedic procedures, and reproductive surgeries, drives the demand for specialized veterinary diagnostic services that can support these operations. As pet ownership increases and farm animals are regarded as valuable assets, there is a heightened emphasis on providing high-quality surgical care. Progress in veterinary surgical techniques and the availability of state-of-the-art diagnostic tools are enhancing the success rates of surgeries, thereby boosting the growth of this market segment. The integration of diagnostics with surgical services ensures comprehensive care, improving outcomes for both companion animals and livestock.
Europe veterinary diagnostic services market is expected to achieve appreciable growth from 2024 to 2032, attributed to its well-established veterinary healthcare infrastructure and strong emphasis on animal welfare. Robust regulatory frameworks, coupled with significant investment in veterinary research and development, ensure the availability of high-quality diagnostic services.
Additionally, Europe’s large livestock population and the growing awareness of the importance of animal health contribute to the demand for advanced veterinary diagnostic services. Countries like Germany, France, and the Netherlands are at the forefront of implementing comprehensive animal health programs, further driving market growth in the region.
- Chapter 1 Methodology and Scope
- 1.1 Market scope and definitions
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Increasing animal population and ownership rates
- 3.2.1.2 Increasing prevalence of animal diseases
- 3.2.1.3 Advancements in diagnostic technology
- 3.2.1.4 Rising awareness of early disease diagnosis
- 3.2.1.5 Increasing pet insurance adoption
- 3.2.2 Industry pitfalls and challenges
- 3.2.2.1 Shortage of skilled personnel
- 3.2.2.2 High cost of diagnostic procedures and equipment
- 3.3 Growth potential analysis
- 3.4 Regulatory landscape
- 3.5 Technology landscape
- 3.6 Future market trends
- 3.7 Porter's analysis
- 3.8 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Company matrix analysis
- 4.4 Competitive analysis of major market players
- 4.5 Competitive positioning matrix
- 4.6 Strategy dashboard
- Chapter 5 Market Estimates and Forecast, By Animal Type, 2021 – 2032 ($ Mn)
- 5.1 Key trends
- 5.2 Companion animals
- 5.2.1 Dogs
- 5.2.2 Cats
- 5.2.3 Horses
- 5.2.4 Other companion animals
- 5.3 Livestock animals
- 5.3.1 Cattle
- 5.3.2 Poultry
- 5.3.3 Swine
- 5.3.4 Other livestock animals
- Chapter 6 Market Estimates and Forecast, By Type, 2021 – 2032 ($ Mn)
- 6.1 Key trends
- 6.2 Point of care (POC)
- 6.3 Laboratory-based
- Chapter 7 Market Estimates and Forecast, By Services, 2021 – 2032 ($ Mn)
- 7.1 Key trends
- 7.2 Clinical biochemistry
- 7.3 Hematology
- 7.4 Immunodiagnostics
- 7.5 Imaging
- 7.6 Molecular diagnostics
- 7.7 Other services
- Chapter 8 Market Estimates and Forecast, By End-user, 2021 – 2032 ($ Mn)
- 8.1 Key trends
- 8.2 Diagnostic laboratories
- 8.3 Veterinary clinics
- 8.4 Veterinary hospitals
- 8.5 Other end-users
- Chapter 9 Market Estimates and Forecast, By Region, 2021 – 2032 ($ Mn)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 The Netherlands
- 9.3.7 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
- 9.6 Middle East and Africa
- 9.6.1 Saudi Arabia
- 9.6.2 South Africa
- 9.6.3 UAE
- 9.6.4 Rest of Middle East and Africa
- Chapter 10 Company Profiles
- 10.1 ANICON (SAN Group)
- 10.2 Antech Diagnostics, Inc. (Mars, Inc.)
- 10.3 Ellie Diagnostics
- 10.4 Embark Veterinary, Inc.
- 10.5 IDEXX Laboratories, Inc.
- 10.6 IVET Labs
- 10.7 NationWide Laboratories
- 10.8 Neogen Corporation
- 10.9 Pathvets
- 10.10 SYNLAB
- 10.11 Veterinary Healthcare Company (VETHC)
- 10.12 Zoetis Services LLC (Zoetis Inc.)
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