Press release
Veterinary Diagnostics Market Set to Reach $6.7 Billion by 2033, Driven by Rising Pet Ownership and Advanced Technology
Veterinary Diagnostics Market
An Emergen Research report of 250 pages features 194 tables, 189 charts, and graphics. Our new study is ideal for anyone who wants to learn about the global Veterinary Diagnostics market commercially and deeply, as well as to analyze the market segments in depth. With the help of our recent study, you can analyze the entire regional and global market for Veterinary Diagnostics . To increase market share, you must obtain financial analysis of the entire market and its segments. Our research suggests there are significant opportunities in this rapidly expanding market for energy storage technology. Look at how you might take advantage of these revenue-generating opportunities. Additionally, the research will help you develop growth strategies, strengthen competitor analysis, and improve business productivity by enabling you to make better strategic decisions.
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Key Market Drivers
1. Growing Pet Ownership and Healthcare Spending
Pet ownership is surging worldwide, with owners increasingly investing in their pets' health. In the U.S. alone, pet owners spent $31.4 billion on veterinary care in 2021, a 13% increase from the previous year. Similar trends are observed in Europe and Asia, where pet owners are prioritizing preventive care, including early disease detection through diagnostic tests. This shift is boosting demand for imaging, lab testing, and point-of-care diagnostic devices.
2. Technological Advancements in Diagnostics
Innovations like AI-based diagnostic tools, next-gen sequencing, and biosensors are transforming veterinary care by enabling faster, more accurate disease detection. The U.S. Department of Agriculture (USDA) and other agencies are funding research to develop mobile diagnostic devices and AI-powered systems, helping veterinarians quickly identify diseases in livestock and pets. These advancements are critical for detecting zoonotic diseases (which can spread from animals to humans) and ensuring timely treatment.
3. Government Initiatives and Funding
Governments worldwide are investing in veterinary diagnostics to improve animal health and prevent disease outbreaks. For example:
New York State allocated $19.5 million to expand diagnostic testing at Cornell University's Veterinary Diagnostic Laboratory in 2024.
The FDA and CDC are collaborating with research institutions to enhance diagnostic standards and develop new testing methods.
These initiatives are strengthening disease surveillance and increasing the adoption of advanced diagnostic tools in veterinary practices.
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Market Challenges
Despite strong growth, the market faces obstacles, including:
High Costs of Diagnostic Equipment: Advanced tools like MRI machines and PCR testing kits are expensive, making them less accessible for small clinics, especially in rural or low-income regions.
Affordability for Pet Owners: Routine diagnostic tests can cost $100-$300, while specialized scans may exceed $2,000, posing financial challenges for some pet owners.
Key Market Segments
1. Consumables (Leading Segment in 2024)
Includes test strips, syringes, and sample collection kits.
High demand due to routine pet check-ups and preventive care.
2. Reagents & Kits (Fastest-Growing Segment)
Used for detecting infections and genetic disorders in animals.
Government-funded research (e.g., USDA) is driving innovation in PCR-based and multiplex testing kits for livestock and pets.
Future Outlook
The veterinary diagnostics market is poised for steady growth, supported by:
Increasing awareness of animal health and zoonotic diseases.
Continued technological advancements in diagnostics.
Government and private sector investments in veterinary healthcare.
With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Emergen Research study is for everybody needing commercial analyses for the Veterinary Diagnostics Market, 2022 to 2030, market-leading companies. You will find data, trends and predictions.
Major Players/Manufacturers profiled in the report are:
IDEXX Laboratories, Inc.
Zoetis
Antech Diagnostics, Inc. (Mars Inc.)
Agrolabo S.p.A.
Embark Veterinary, Inc.
Esaote SPA
Thermo Fisher Scientific, Inc.
Innovative Diagnostics SAS
Virbac
FUJIFILM Corporation
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Global Veterinary Diagnostics Market Report - Segmental Analysis:
Product Outlook (Revenue, USD Billion; 2020-2033)
Consumables
Reagents & Kits
Equipment & Instruments
Testing Outlook (Revenue, USD Billion; 2020-2033)
Clinical Chemistry
Microbiology
Parasitology
Histopathology
Cytopathology
Hematology
Immunology & Serology
Imaging
Molecular Diagnostics
Other Categories
Animal Type Outlook (Revenue, USD Billion; 2020-2033)
Production Animals
Cattle
Poultry
Swine
Other Production Animals
Companion Animals
Dogs
Cats
Horses
Other Companion Animals
End-users Outlook (Revenue, USD Billion; 2020-2033)
Reference Laboratories
Veterinarians
Animal Owners/ Producers
Key Geographies Profiled in the Report:
North America(the U.S., Mexico, and Canada)
Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
Europe(the U.K., France, Germany, and Rest of Europe)
Latin America(Brazil and Rest of Latin America)
Middle East & Africa(GCC Countries and Rest of Middle East & Africa)
Key Benefits For Stakeholders:
The report provides an extensive analysis of the current and future trends in the global minimally invasive surgical systems market to elucidate the imminent investment pockets.
A detailed analysis of the factors that drive and restrict the growth of the minimally invasive surgical systems market is provided.
Extensive analysis of key segments demonstrates the types of energy devices, access equipment, and visualization & documentation systems used in minimally invasive surgeries.
A comprehensive analysis of the geographical landscape provides detailed information about various regions across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report offers a competitive landscape of the minimally invasive surgical systems market to assist players to gain insights into the competition scenario. Key companies operating in the market are profiled to provide valuable insights.
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