Veterinary Infectious Disease Diagnostics Market Growth Rate (9.0% CAGR), Technology, Animal, End User, Regional Outlook and Top Companies are Heska Corporation, IDvet, NEOGEN Corporation, QIAGEN N.V., Randox Laboratories Ltd., Agrolabo S.p.A., Bio-Rad La

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Key players in the veterinary infectious disease diagnostics market

The key players in the veterinary diagnostics market include IDEXX Laboratories, Inc. (US), Zoetis, Inc. (US), Thermo Fisher Scientific, Inc. (US), Virbac (France), bioMérieux SA (France), Heska Corporation (US), IDvet (France), NEOGEN Corporation (US), QIAGEN N.V. (a part of INDICAL Bioscience) (Europe), Randox Laboratories Ltd. (UK), Agrolabo S.p.A. (Italy), Bio-Rad Laboratories (US), Bionote, Inc. (South Korea), Biogal Galed Labs (Israel), BioChek (Netherlands), (UK), Biopanda Reagents (UK), URIT Medical Electronic Co. Ltd. (China), MEGACOR Diagnostik GmbH (Austria), LIVET (UK), INDICAL BIOSCIENCE GmbH (Germany), Fassisi GmbH (Germany), Alvedia (France), SKYER, Inc. (South Korea), Shenzhen Bioeasy Biotechnology Co., Ltd. (China), and Precision Biosensor (US).

Veterinary Infectious Disease Diagnostics Market by Technology (Immunodiagnostics, Molecular Diagnostics (PCR)), Animal (Companion, Food-producing animals), End User (Reference Labs, Hospital, Clinics, Universities) - Global Forecast to 2026 The veterinary infectious disease diagnostics market is expected to reach USD 2.6 billion by 2026 from an estimated USD 1.7 billion in 2021, at a CAGR of 9.0%.

This Veterinary Infectious Disease Diagnostics Market report provides market segmentation in the most-detailed pattern. High-level market analysis of major segments has been performed in the report and opportunities are identified. The market report not only deals with major industrial categories but also different associated segments such as services, technologies, & applications. What is more, the global Veterinary Infectious Disease Diagnostics Market research report provides market data in such a way that it also considers new product development from beginning to launch.

The break of primary participants was as mentioned below:

By Company Type - Tier 1-60%, Tier 2-30%, and Tier 3-10%
By Designation - C-level-30%, Director-level-50%, Others-20%
By Region - North America-45%, Europe-15%, Asia Pacific-25%, Latin America- 10%, Middle East and Africa-5%

The major factors driving the growth of the veterinary infectious disease diagnostics include the growing demand for rapid tests, rising technological advancements, growth in companion animal population, rising demand for pet insurance, increasing incidence of transboundary and zoonotic diseases, rising number of veterinary practitioners in developed economies, increasing disease control & disease prevention measures, and growing animal health expenditure. With the growing consumption of animal-derived food products, there is a rising need for the effective diagnosis and treatment of diseases in animals to ensure the quality of animal-derived food products. The rising need for animal-derived food products will further increase the chances for infections, thereby driving the growth of this market in the coming years. However, high pet care costs directly impact the number of visits by pet owners to veterinary facilities, thereby restraining the growth of this market and the lack of reimbursement for veterinary procedures is another factor limiting the uptake of veterinary infectious disease diagnostics. The lack of skilled veterinarians and diagnostics infrastructure, especially in developing countries, is one of the major challenges limiting the uptake of advanced diagnostic solutions among veterinarians.

Since the initial outbreak of COVID-19, multiple countries have reported infections of SARS-CoV-2 in mammals. Due to an increase in the prevalence of COVID-19 across the globe, testing volumes on humans and animals continue to rise. This has also prompted players and reference laboratories to develop new and improved animal tests. At the height of the pandemic, many countries stipulated that only urgent or emergency procedures necessary for the veterinary healthcare of companion animals could take place. However, COVID-19 pandemic is expected to have a minimal impact on the veterinary infectious disease diagnostics market during the forecast period as after few months, number of vet visits were increased and there was no delay in routine care.

Immunodiagnostics segment occupies the largest share in the global veterinary infectious disease diagnostics market in the forecasted period

Based on technology, the global veterinary infectious disease diagnostics market is segmented into Immunodiagnostics, Molecular Diagnostics, and Other Technologies.

The companion animal segment dominated the global veterinary infectious disease diagnostics market in 2020

Based on the animal type, the global veterinary infectious disease diagnostics market is segmented into companion animal and food-producing animals.

Veterinary reference laboratories are the major end users in the veterinary infectious disease diagnostics market

Based on end users, the global veterinary infectious disease diagnostics market is segmented into veterinary reference laboratories, veterinary hospitals and clinics, point-of-care testing/in-house testing, and veterinary research institutes and universities.

North America accounts for the largest share in the global veterinary infectious disease diagnostics market in the forecasted period

North America accounted for the largest share of the global veterinary infectious disease diagnostics market during the forecast period. The growth in the veterinary infectious disease diagnostics market of North America is characterized by the increasing population of companion and food-producing animals, rising meat and dairy product consumption, the availability of technologically advanced veterinary reference laboratories, rising veterinary healthcare expenditure, and growth in pet insurance coverage.

Key Questions Answered In This Veterinary Infectious Disease Diagnostics Market Report

1. What will the market size be in 2026 and what will the growth rate be?
2. What are the key market trends?
3. What is driving this market?
4. What are the challenges to market growth?
5. Who are the key vendors in this market space?
6. What are the market opportunities and threats faced by the key vendors?

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