June 22, 2024

Animal Diagnostics Market Size to Grow USD 20.08 Bn by 2033

The global animal diagnostics market size accounted for US$ 8.22 billion in 2023 and is projected to reach around USD 20.08 billion by 2033, growing at a CAGR of 9.34% from 2024 to 2033.

Animal Diagnostics Market Size 2024 to 2033

Key Points

  • By region, North America dominated the animal diagnostics market in 2023.
  • By region, Asia Pacific is expected to witness significant growth in the market during the forecast period.
  • By product, the kits and reagent segment dominated the market in 2023.
  • By product, the instruments segment is expected to grow in the market during the forecast period.
  • By technology, the molecular diagnostics segment held the highest market share in 2023.
  • By technology, the hematology segment is expected to grow at a significant rate in the market during the anticipated period.
  • By animal type, the companion animals segment dominated the animal diagnostics market in 2023.
  • By animal type, the livestock animals segment is expected to grow at a notable rate in the market during the predicted time period.

Report Summary

The global animal diagnostics market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the animal diagnostics market across the globe.

A comprehensive estimate on the animal diagnostics market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of animal diagnostics during the forecast period. Price point comparison by region with global average price is also considered in the study.

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Animal Diagnostics Market Scope

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

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized animal diagnostics market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

Also Read: Pregnancy Medication Market Size to Hit USD 135.43 Bn by 2033

Market Players

The report includes the profiles of key animal diagnostics market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Recent Developments

  • In February 2024, Tata Trusts is about to launch its first-of-a-kind small veterinary hospital in Mumbai, India. The hospital is on five floors and has a capacity of over 200 beds. It is a super specialty hospital for pets and will provide 24/7 services.
  • In February 2024, MiDOG Animal Diagnostics LLC, a leading player in the microbiome veterinary diagnostic works on the Next Generation DNA Sequencing analysis, introduced a renewed branding strategy in 2024. The latest branding includes the acceptance of MiDOG’s technology for all animal species.
  • In February 2024, IDEXX Laboratories, Inc., a leading player in pet healthcare innovations, announced the launch of the Vello, a software application that combines clients and veterinary practices through modern digital tools.

Animal Diagnostics Market Companies

  • IDEXX Laboratories, Inc.
  • Zoetis
  • Antech Diagnostics, Inc. (Mars Inc.)
  • Agrolabo S.p.A.
  • Embark Veterinary, Inc.
  • Esaote SPA
  • Thermo Fisher Scientific, Inc.
  • Innovative Diagnostics SAS
  • Virbac
  • FUJIFILM Corporation

Segments Covered by the Report

By Products

  • Kits and Reagents
  • Instruments
  • Software and Services

By Technology

  • Molecular Diagnostics
  • Hematology
  • Immunodiagnostics

By Animal Type

  • Companion Animal
  • Livestock Animal

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Animal Diagnostics Market 

5.1. COVID-19 Landscape: Animal Diagnostics Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Animal Diagnostics Market, By Products

8.1. Animal Diagnostics Market, by Products, 2024-2033

8.1.1 Kits and Reagents

8.1.1.1. Market Revenue and Forecast (2021-2033)

8.1.2. Instruments

8.1.2.1. Market Revenue and Forecast (2021-2033)

8.1.3. Software and Services

8.1.3.1. Market Revenue and Forecast (2021-2033)

Chapter 9. Global Animal Diagnostics Market, By Technology

9.1. Animal Diagnostics Market, by Technology, 2024-2033

9.1.1. Molecular Diagnostics

9.1.1.1. Market Revenue and Forecast (2021-2033)

9.1.2. Hematology

9.1.2.1. Market Revenue and Forecast (2021-2033)

9.1.3. Immunodiagnostics

9.1.3.1. Market Revenue and Forecast (2021-2033)

Chapter 10. Global Animal Diagnostics Market, By Animal Type 

10.1. Animal Diagnostics Market, by Animal Type, 2024-2033

10.1.1. Companion Animal

10.1.1.1. Market Revenue and Forecast (2021-2033)

10.1.2. Livestock Animal

10.1.2.1. Market Revenue and Forecast (2021-2033)

Chapter 11. Global Animal Diagnostics Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Products (2021-2033)

11.1.2. Market Revenue and Forecast, by Technology (2021-2033)

11.1.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Products (2021-2033)

11.1.4.2. Market Revenue and Forecast, by Technology (2021-2033)

11.1.4.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Products (2021-2033)

11.1.5.2. Market Revenue and Forecast, by Technology (2021-2033)

11.1.5.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Products (2021-2033)

11.2.2. Market Revenue and Forecast, by Technology (2021-2033)

11.2.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Products (2021-2033)

11.2.4.2. Market Revenue and Forecast, by Technology (2021-2033)

11.2.4.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Products (2021-2033)

11.2.5.2. Market Revenue and Forecast, by Technology (2021-2033)

11.2.5.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Products (2021-2033)

11.2.6.2. Market Revenue and Forecast, by Technology (2021-2033)

11.2.6.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Products (2021-2033)

11.2.7.2. Market Revenue and Forecast, by Technology (2021-2033)

11.2.7.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Products (2021-2033)

11.3.2. Market Revenue and Forecast, by Technology (2021-2033)

11.3.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Products (2021-2033)

11.3.4.2. Market Revenue and Forecast, by Technology (2021-2033)

11.3.4.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Products (2021-2033)

11.3.5.2. Market Revenue and Forecast, by Technology (2021-2033)

11.3.5.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Products (2021-2033)

11.3.6.2. Market Revenue and Forecast, by Technology (2021-2033)

11.3.6.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Products (2021-2033)

11.3.7.2. Market Revenue and Forecast, by Technology (2021-2033)

11.3.7.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Products (2021-2033)

11.4.2. Market Revenue and Forecast, by Technology (2021-2033)

11.4.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Products (2021-2033)

11.4.4.2. Market Revenue and Forecast, by Technology (2021-2033)

11.4.4.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Products (2021-2033)

11.4.5.2. Market Revenue and Forecast, by Technology (2021-2033)

11.4.5.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Products (2021-2033)

11.4.6.2. Market Revenue and Forecast, by Technology (2021-2033)

11.4.6.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Products (2021-2033)

11.4.7.2. Market Revenue and Forecast, by Technology (2021-2033)

11.4.7.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Products (2021-2033)

11.5.2. Market Revenue and Forecast, by Technology (2021-2033)

11.5.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Products (2021-2033)

11.5.4.2. Market Revenue and Forecast, by Technology (2021-2033)

11.5.4.3. Market Revenue and Forecast, by Animal Type (2021-2033)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Products (2021-2033)

11.5.5.2. Market Revenue and Forecast, by Technology (2021-2033)

11.5.5.3. Market Revenue and Forecast, by Animal Type (2021-2033)

Chapter 12. Company Profiles

12.1. IDEXX Laboratories, Inc.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Zoetis

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Antech Diagnostics, Inc. (Mars Inc.)

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Agrolabo S.p.A.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Embark Veterinary, Inc.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Esaote SPA

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Thermo Fisher Scientific, Inc.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Innovative Diagnostics SAS

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Virbac

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. FUJIFILM Corporation

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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