Veterinary Diagnostic Equipment Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities

The Veterinary Diagnostic Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Veterinary Diagnostic Equipment Market?
The veterinary diagnostic equipment market has experienced strong growth in recent years. It will rise from $1.4 billion in 2024 to $1.51 billion in 2025, at a CAGR of 7.4%. Factors such as increased pet ownership, growth in the livestock industry, the prevalence of companion animals, and rising demand for preventive veterinary care, along with higher disposable income, contribute to this growth.

The veterinary diagnostic equipment market is projected to rise to $1.98 billion in 2029 at a CAGR of 7.0%. This growth is driven by growing awareness of pet health, preparedness for pandemics, increased surveillance of animal diseases, and the spread of pet insurance. Major trends involve digital diagnostics, AI and ML in testing, remote consultations, and sustainable diagnostic tools.

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What Are the Different Veterinary Diagnostic Equipment Market Segments?
The veterinary diagnostic equipment market covered in this report is segmented -

1) By Product: Hematology, Immunodiagnostics, Clinical Chemistry, Molecular Testing
2) By Animal: Livestock Cattle, Domestic Pets
3) By End Users: Hospitals And Clinics, Reference Laboratories, Universities Or Research Centers, Point-Of-Care Or In-House Testing

Subsegments:
1) By Hematology: Hematology Analyzers, Hematology Reagents And Kits
2) By Immunodiagnostics: Immunoassay Analyzers, Immunoassay Reagents And Kits
3) By Clinical Chemistry: Chemistry Analyzers, Clinical Chemistry Reagents And Kits
4) By Molecular Testing: PCR (Polymerase Chain Reaction) Machines, Molecular Testing Reagents And Kits

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What Are the Primary Drivers Shaping the Veterinary Diagnostic Equipment Market?
Rising disease incidence in animals is boosting the veterinary diagnostic equipment market. Outbreaks in pets and livestock create a need for advanced diagnostics. In July 2023, the WHO reported that H5N1 avian flu outbreaks occurred in 67 countries, leading to the culling or death of over 131 million birds. Such widespread diseases are increasing the demand for diagnostic tools.

Which Companies Are Leading in the Veterinary Diagnostic Equipment Market?
Major companies operating in the veterinary diagnostic equipment market include IDEXX Laboratories Inc., ABAXIS Inc., HESKA Corporation, Zoetis Inc., Virbac, Mindray Medical International Limited, Neogen Corporation, QIAGEN N.V., Agfa HealTH*Care, Toshiba, Carestream Health, MinXray, Diagnostic Imaging Systems, BCF Technology, Sedecal, Kaixin Group Co. Ltd., Esaote S.p.A., Pfizer Inc., Thermo Fisher Scientific Inc., Henry Schein Inc., Idvet, BioMérieux SA, Randox Laboratories Ltd., Abbott Laboratories, Acon Laboratories Inc., Animal Biome, BioCHEK BV, Chison Medical Imaging Co. Ltd., DCN Dx Daignostics, General Electric Company, Hallmarq Veterinary Imaging Ltd., INDICAL Bioscience GmbH, MI:RNA Ltd., Scopio Labs Ltd., VCA Antech Inc.

What Trends Are Expected to Dominate the Veterinary Diagnostic Equipment Market in the Next 5 Years?
Veterinary diagnostic equipment manufacturers are integrating advanced blood microsampling techniques to improve diagnosis and specimen collection. This method enables easier blood sampling from livestock and companion animals, which is then sent to labs for diagnosis. For example, Neoteryx introduced the '3Rs-compliant Mitra' microsampling device using its Volumetric Absorptive Micro Sampling (VAMS) technology, which facilitates more accurate and convenient remote blood sampling.

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What Are the Top Revenue-Generating Geographies in the Veterinary Diagnostic Equipment Market?
North America was the largest region in the veterinary diagnostic equipment market in 2023. Asia-Pacific was the second-largest region in the global veterinary diagnostic equipment market analysis. The regions covered in the veterinary diagnostic equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Veterinary Diagnostic Equipment Market?
2. What is the CAGR expected in the Veterinary Diagnostic Equipment Market?
3. What Are the Key Innovations Transforming the Veterinary Diagnostic Equipment Industry?
4. Which Region Is Leading the Veterinary Diagnostic Equipment Market?

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