Veterinary Biomarkers Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers

Which drivers are expected to have the greatest impact on the over the veterinary biomarkers market's growth?
The growth of the veterinary biomarkers market is projected to accelerate due to the rise in pet ownership. Several influences contribute to this increase, including the innate need for companionship, the therapeutic benefits pets offer, and escalating awareness of the positive effects pets provide for mental and physical health. Veterinary biomarkers play a crucial role in pet ownership by keeping track of the animal's health, facilitating early identification of diseases, and enabling customized treatment strategies. As per information from the American Pet Products Association, a US-based non-profit organization, in October 2023, pet ownership was pegged at 86.9 million households, translating to 66% of households in 2022. Also, according to Animal Medicines Australia, an organization focused on animal health, in November 2022, 69% of households in Australia had pets in 2022. Consequently, the surge in pet ownership is stimulating the expansion of the veterinary biomarkers market.

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What is the future CAGR of the veterinary biomarkers market, and how will it impact industry expansion?
In recent times, the veterinary biomarkers market has seen a swift expansion. With an increase from $0.81 billion in 2024 to approximately $0.91 billion by 2025, it is expected to exhibit a compound annual growth rate (CAGR) of 12.4%. This robust growth during the historical period is credited to factors such as extension of the veterinary diagnostics market, heightened emphasis on preventive care, incorporation of biomarkers in veterinary medical practice, enhanced funding for veterinary research, and an increase in the number of veterinary diagnostic laboratories.

In the coming years, the veterinary biomarkers market is set to experience a significant increase in size. By 2029, it is projected to reach a value of $1.44 billion, with a compound annual growth rate (CAGR) of 12.1%. This growth during the forecast period is due to a number of factors, including a rise in animal diseases, an increase in the demand for tailored veterinary medicine, a growing need for preventative diagnostic methods, a surge in the use of digital health tools and an intensified emphasis on the regulations regarding animal welfare. In this forecast period, key trends include the evolution of diagnostic technology, progress in biomarker research, technological improvements in the discovery of biomarkers, the creation of diagnostic tools that are easy to use and advancements in personalized nutritional remedies.

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What are the most significant trends transforming the veterinary biomarkers market today?
Leading corporations in the veterinary biomarkers market are concentrating their efforts on forging strategic alliances to enhance their market positioning. These alliances in the realm of veterinary biomarkers generally entail cooperations between businesses, research establishments, and veterinary professionals to push for further progress and use of diagnostic instruments. For example, in July 2022, Bionote USA, an American firm specializing in animal health point-of-care testing devices, entered a collaboration with PSIvet, an American veterinary group bulk buying organization. Their joint endeavor aims to boost the availability of cost-effective diagnostic solutions for veterinary practices. As a result of this partnership, more than 5,000 veterinary clinics affiliated with PSIvet will be able to benefit from the lowered pricing of Bionote's Vcheck series of analyzers and biomarker examinations.

Which key market segments comprise the veterinary biomarkers market and drive its revenue growth?
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 regions are at the forefront of veterinary biomarkers market expansion?
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.

Who are the leading players fueling growth in the veterinary biomarkers market?
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

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What Is Covered In The Veterinary Biomarkers Global Market Report?

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

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