The global animal diagnostics market size reached USD 8.22 billion in 2023 and is expected to hit around USD 20.08 billion by 2033 with a CAGR of 9.34% from 2024 to 2033. The increasing cases of chronic diseases among animals and the increasing expenditure on pets by their owners are driving the growth of the market.
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The animal diagnostics market offers services precisely designated for maintaining the health of animals since they help with quicker diagnosis and treatment planning by spotting health problems before they would otherwise become apparent. Conventional diagnosis is the examination of blood, tissue, urine, or feces to identify the presence of disease, proteins, antibodies, or general health markers. Lab-based testing guarantees high-quality, precise results, and point-of-care diagnostics allow for instantaneous decisions that can calm worried pet owners. A vital component of the animal diagnostics market is these analyses.
By spotting patterns in wellness data that human specialists might miss, digital diagnostics bring new opportunities for early disease identification and unleash the preventative potential of technology. The increasing prevalence of diseases in animals and the rising expenditure by pet owners and government bodies for animal well-being are driving the growth of the animal diagnostics market.
| Report Coverage | Details |
| Growth Rate from 2024 to 2033 | CAGR of 9.34% |
| Global Market Size in 2023 | USD 8.22 Billion |
| Global Market Size by 2033 | USD 20.08 Billion |
| Largest Market | North America |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Product, By Technology, and By Animal Type |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Driver: Increasing pet adoption rate
The rising urbanization and the increasing disposable income of people are resulting in the increasing trend of having pets in the home. Thus, there is a continuously increasing pet adoption rate. Increasing urbanization, nuclear families, staying single, and increasing adoption of modern lifestyle resulted in a higher number of pet owners. Most households' preferred animals as pets are dogs and cats. The rising expenditure on the pet's healthy life and maintenance by the owner is one of the major factors for the growth in animal diagnostics. Thus, all these factors contribute to the growth of the animal diagnostics market.
Restraint: Insufficient workforce
Veterinary sciences is a highly specialized field that requires an adequate amount of practice and training. Within the healthcare sector, this field is the recipient of the least amount of new workforce every year. Along with the high educational costs and lack of awareness, there is a significant difference between the need and availability of medical personnel. This also hinders the appropriate research and development work required for the growth of any scientific field. Thus, the need for more skilled working, well-trained, and qualified professionals in the field of veterinary diagnostics is restraining the growth of the animal diagnostics market.
Opportunity: Increasing government support
The increasing prevalence of chronic diseases among animals and the increasing number of infectious diseases by animals are creating an increasing demand for animal diagnostics centers. The government initiatives the support of animal well-being and the increasing investments in the growth of animal diagnostics are driving the growth of the animal diagnostics market. Additionally, technological advancements in veterinary diagnostics, such as PoC testing, imaging modalities, etc., are further boosting the growth of the animal diagnostics market.
The kits and reagent segment held the highest share of the animal diagnostics market in 2023. The growth of the segment is attributed to the increasing use of test kits and reagents at the time of animal medical diagnostics. The test includes blood tests, immunoassays, and urinalysis. These test kits are used in medical laboratories, diagnostics centers, veterinary clinics and hospitals, and other point-of-care. The increasing pet adoption rate and the rising number of veterinary healthcare facilities are driving the demand for kits and reagents in the animal diagnostics market.
The instruments segment is expected to grow significantly in the animal diagnostics market during the forecast period. The growth of the segment is expected to grow owing to the rising technological adoption of medical instruments and machinery like POCT devices and imaging types of equipment, and the increasing investments by private firms in the development of instruments are driving the demand for the segment in the market.
The molecular diagnostics segment held the highest share of the animal diagnostics market in 2023. Detection, identification, and genotyping of the causative pathogen are the main objectives of veterinary molecular diagnostics. Methods are similar to those applied in the field of molecular diagnostics for humans. These methods are used in veterinary diagnosis to determine a herd's disease status or to diagnose illnesses in individual animals and herds. A diagnostic unit sample for herd diagnoses, which can compensate for test characteristics, and, to a lesser extent, the large RNA/DNA loads in cases of animal disease outbreaks are notable elements of veterinary molecular diagnostics.
The hematology segment is expected to grow in the animal diagnostics market during the anticipated period. The information required to precisely evaluate and diagnose blood illnesses in common domestic animals, such as dogs, cats, horses, cattle, sheep, goats, pigs, and llamas, is provided by veterinary hematology. This comprehensive resource employs a user-friendly and clinically oriented methodology to assist you in choosing pertinent diagnostic tests, gathering and readying samples, deciphering sample outcomes, and assessing their clinical importance.
The companion animals segment dominated the animal diagnostics market in 2023. The growing pet adoption in urban areas due to the rising acceptance of the modern lifestyle, single living, nuclear families, and increased disposable income drives the growth of companion animals. The rising expenditure on pet care in developed economies is raising the demand for the segment in the market. The rising investment in veterinary healthcare programs and the increasing launch of pet facilities are driving the demand for the segment in the market.
The livestock animal segment is expected to grow in the animal diagnostics market during the predicted time period. The growth of the segment is attributed to the rising demand for dairy products and the farming use of animals, which creates an emphasis on assuring the good health of the animals. The increasing poultry sector and the rising demand for dairy products are driving the growth of the segment.
North America dominated the animal diagnostics market in 2023. The dominance of the market in the region is attributed to rising urbanization and disposable income, which allows people to adopt pets and spend a heavy amount of money on their well-being, which drives the growth of the market. The increasing technological advancements in animal healthcare products and instruments are boosting the demand for animal diagnostics. Countries like the United States and Canada have higher adoption rates of pets and spend a significant amount on the pets' health every year, which drives the growth of the market across the region.
Asia Pacific is expected to witness significant growth in the animal diagnostics market during the forecast period. The growth of the animal diagnostics market is expected to increase due to the rising disposable income and the increasing number of nuclear families in urban areas. The rising cases of infectious and zoonotic diseases in animals in countries like India and China are driving the demand for animal diagnostics. The increasing spending on animal health by their owner and the government support for animal well-being is driving the growth of the animal diagnostics market across the region.
Segments Covered by the Report
By Products
By Technology
By Animal Type
By Geography
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