Advancements in Genetic Screening for Feline Health Trend: A Crucial Influence on the Companion Animal Diagnostic Services Market's Transformation in 2025

Which drivers are expected to have the greatest impact on the over the companion animal diagnostic services market's growth?
The surge in pet ownership is set to drive the expansion of the companion animal diagnostic services market. This encompasses the growing desire of people to have pets for companionship, which provides emotional sustenance, enhances mental and physical health, and reflects lifestyle preferences and socio-cultural influences. Companion animal diagnostic services augment pet ownership by facilitating the early identification and precise recognition of health conditions, resulting in timely intervention and better overall health of pets. For example, statistics from the UK Parliament, a legislative body based in the UK, revealed that as of April 2023, 53% of UK adults are pet owners, a rise from 51% in February 2020. Therefore, the hike in pet ownership is fueling the companion animal diagnostic services market.

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What is the future CAGR of the companion animal diagnostic services market, and how will it impact industry expansion?
The market size of companion animal diagnostic services has significantly expanded in the recent past. The market is projected to expand from a value of $6.93 billion in 2024 to $7.53 billion in 2025, a compound annual growth rate (CAGR) of 8.7%. The historical growth is due to factors like the surge in pet ownership, growth in the incidence of zoonotic diseases, increase in spending on pet healthcare, the rise in demand for preventive healthcare, and government regulations and initiatives.

In the coming years, a substantial expansion is anticipated in the companion animal diagnostic services market, with projections putting its worth at $10.39 billion in 2029, presenting a compound annual growth rate (CAGR) of 8.4%. The growth encompassing the forecast period can be traced back to several factors. These include a burgeoning pet population, increased usage of telemedicine services for pets, a rise in pet insurance adoption, an emphasis on early detection of diseases, and expansion of veterinary hospitals and clinics. In terms of trends expected in the forecast period, they include the integration of AI and machine learning, increased acceptance of telemedicine, the emergence of sophisticated biomarkers and genetic tests, progress in wearable health tech for pets, improved point-of-care diagnostic facilities, and inventive non-invasive diagnostic methods.

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What are the most significant trends transforming the companion animal diagnostic services market today?
Leading firms in the companion animal diagnostic services market are innovating genetic screening kits that aid in the diagnosis of inherited conditions and susceptibility to specific diseases. Through genetic screening, vets can identify such inherited conditions, which facilitates early intervention and better health outcomes. For example, Neogen Corporation, an American biotech research firm, introduced My CatScan 2.0 in June 2023. This new edition simplifies the genetic screening process by using a noninvasive cheek swab. My CatScan 2.0 can recognize over 120 genetic health conditions and provides customised insights depending on breed, organ system, or symptoms. This personalized method delivers vital data needed for making informed decisions about a cat's health.

Which key market segments comprise the companion animal diagnostic services market and drive its revenue growth?
The companion animal diagnostic services market covered in this report is segmented -

1) By Type: Point-Of-Care (POC), Laboratory-Based
2) By Animal Type: Dogs, Cats, Horses, Other Animal Types
3) By Testing Category: Clinical Chemistry, Microbiology, Parasitology, Histopathology, Cytopathology, Hematology, Immunology And Serology, Imaging, Molecular Diagnostics, Other Testing Categories

Subsegments:
1) By Point-Of-Care (POC): Rapid Diagnostic Tests, Portable Diagnostic Devices, In-Clinic Testing Services, Blood Glucose Monitors
2) By Laboratory-Based: Clinical Pathology Services, Imaging Services, Histopathology And Cytology, Microbiology And Infectious Disease Testing, Genetic Testing Services

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What regions are at the forefront of companion animal diagnostic services market expansion?
North America was the largest region in the companion animal diagnostic services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the companion animal diagnostic services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the companion animal diagnostic services market?
Major companies operating in the companion animal diagnostic services market are Mars Incorporated, Thermo Fisher Scientific Inc., Fujifilm Holdings Corporation, Zoetis Services LLC, Eurofins Scientific SE, Patterson Companies Inc., Charles River Laboratories, SYNLAB Group, IDEXX Laboratories Inc., Independent Vetcare Limited, Virbac SA, CVS Group Plc, Neogen Corporation, Randox Laboratories Limited, Greencross Vets, Heska Corporation, Abaxis Inc., Gribbles Veterinary Pathology, i-SENS Inc., Innovative Diagnostics SAS, Embark Veterinary Inc., NationWide Laboratories, Demeditec Diagnostics GmbH, Universal Biosensors Inc., Companion Animal Medical Center

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What Is Covered In The Companion Animal Diagnostic Services Global Market Report?

•Market Size Forecast: Examine the companion animal diagnostic services market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the companion animal diagnostic services market for a structured understanding.
•Key Players Overview: Analyze major players in the companion animal diagnostic services market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the companion animal diagnostic services market.
•Segment Contributions: Evaluate how different segments drive overall growth in the companion animal diagnostic services market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the companion animal diagnostic services market.
•Industry Challenges: Identify potential risks and obstacles affecting the companion animal diagnostic services market.
•Competitive Landscape: Review strategic developments in the companion animal diagnostic services market, including expansions, agreements, and new product launches.

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