Major Force in the Veterinary Biomarkers Market 2025: The Increasing Pet Ownership Propelling The Growth Of The Veterinary Biomarkers Market

How Will the Veterinary Biomarkers Market Grow, and What Is the Projected Market Size?
In recent times, the veterinary biomarkers market has seen a significant increase in its size. The market is poised to expand from $0.81 billion in 2024 to $0.91 billion in 2025, with a compound annual growth rate of 12.4%. This growth in the past period is due to the broadening of the veterinary diagnostics market, heightened emphasis on preventative health care, the inclusion of biomarkers in veterinary medicine, an increase in funding for veterinary research, and a surge in the number of veterinary diagnostic labs.

The anticipated expansion of the veterinary biomarkers market promises impressive growth in the forthcoming years, with a projected increase to $1.44 billion by 2029, reflecting a compound annual growth rate (CAGR) of 12.1%. This expansion during the prediction period is likely due to the escalating prevalence of animal diseases, heightened demand for tailored veterinary medicine, and a surge in the need for preventive diagnostics. Additionally, the rising adoption of digital health tools and a more pronounced emphasis on animal welfare regulations contribute to this growth. Key trends expected during this tenure include the evolution of diagnostic technology, progress in biomarker research, advancements in the discovery of biomarkers, the development of user-friendly diagnostic equipment, and improvements in personalized nutritional options for animals.

What Key Elements Are Boosting Growth in the Veterinary Biomarkers Market?
The veterinary biomarkers market is poised for growth, fueled by a significant increase in pet ownership. This trend is largely due to several factors such as the pursuit of companionship, the advantages of pet therapy, and the increasing cognizance about the positive effects pets bring to both mental and physical health. Veterinary biomarkers play an integral role in pet ownership as they help track the pet's health condition, allowing for early detection of diseases and customized therapies. For example, the American Pet Products Association, a non-profit organization in the US cited that there were 86.9 million US households with pets in October 2023, a 66% increase from 2022. Similarly, Animal Medicines Australia, a non-profit organization representing animal health, recorded that in 2022, 69% of Australian households owned pets, a report made in November 2022. Hence, the surge in pet ownership is driving the expansion of the veterinary biomarkers market.

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Who Are the Major Industry Players Fueling Veterinary Biomarkers Market Expansion?
Major companies operating in the veterinary biomarkers market are Thermo Fisher Scientific Inc., Boehringer Ingelheim, Merck KGaA, Zoetis Inc., IDEXX Laboratories Inc., Virbac SA, Antech Diagnostics Inc., Neogen Corporation, Heska Corporation, Olink Proteomics, SomaLogic, Life Diagnostics Inc., INDICAL BIOSCIENCE GmbH., Mercodia AB, Bionote USA Inc., Acuvet Biotech, Alertix Veterinary Diagnostics AB, MI:RNA Diagnostics Ltd., Veterinary Biomarkers Inc., Vetmaya Healthcare Private Limited

Who Are the Major Industry Players Fueling Market Expansion?
Leading businesses in the veterinary biomarkers market are concentrating on creating strategic alliances to improve their market competitiveness. This often involves partnerships between corporations, research bodies, and veterinary services to expedite the evolution and utilization of diagnostic instruments. For instance, Bionote USA, an American company specializing in the provision of animal health testing devices, formed a partnership with PSIvet, another American veterinary group purchasing organization, to boost the availability of cost-effective diagnostic solutions for veterinary practices in July 2022. This strategic alliance allows over 5,000 veterinary clinics linked with PSIvet to have the advantage of reduced pricing for Bionote's Vcheck line of analyzers and biomarker tests.

How Is the Segmentation of the Veterinary Biomarkers Market Defined?
The veterinary biomarkers market covered in this report is segmented -

1) By Product Type: Biomarkers, Kits And Reagents, Biomarker Readers
2) By Disease Type: Inflammatory And Infectious Diseases, Cardiovascular Diseases, Skeletal Muscle Diseases, Tumor, Other Disease Types
3) By Animal Type: Companion Animals, Production Animals
4) By Application: Disease Diagnostics, Preclinical Research, Other Applications

Subsegments:
1) By Biomarkers: Diagnostic Biomarkers, Prognostic Biomarkers, Predictive Biomarkers, Pharmacodynamic Biomarkers
2) By Kits And Reagents: ELISA Kits, PCR Kits, Western Blotting Kits, Rapid Test Kits, Reagents For Biomarker Detection
3) By Biomarker Readers: Optical Readers, Fluorescence Readers, Luminometers, Real-Time PCR Machines, Microplate Readers

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What Is the Leading Region in the Veterinary Biomarkers Market?
North America was the largest region in the veterinary biomarkers market in 2024. The regions covered in the veterinary biomarkers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Veterinary Biomarkers Global Market Report?

- Market Size Analysis: Analyze the veterinary biomarkers Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the veterinary biomarkers market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall veterinary biomarkers market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the veterinary biomarkers market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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