Veterinary Biomarkers Market Anticipated To Witness Robust Growth, Surpassing $1.43 Billion By 2029

The Veterinary Biomarkers 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 Current Veterinary Biomarkers Market Size and Its Estimated Growth Rate?
The market size of veterinary biomarkers has expanded swiftly in the past few years. The market worth is predicted to rise from $0.81 billion in 2024 to $0.91 billion in 2025, with a compound annual growth rate (CAGR) of 12.4%. The historical growth is due to factors such as the broadening of the veterinary diagnostics market, a heightened emphasis on preventive care, the incorporation of biomarkers into veterinary medicine, a boost in funding for veterinary research, and an increase in the number of veterinary diagnostic labs.

Anticipated to encounter swift enhancement in the forthcoming years, the veterinary biomarkers market is projected to surge to $1.44 billion by 2029, with a compounded annual growth rate (CAGR) of 12.1%. This expansion throughout the projected period can be attributed to an escalating frequency of diseases among animals, a growing demand for bespoke veterinary treatments, a rising desire for preemptive diagnostic methods, an increasing uptake of digital health technologies, and an intensified focus on animal welfare guidelines. Significant trends projected for this period include progresses in diagnostic technology, advancements in biomarker studies, technological progression in biomarker identification, the introduction of intuitive diagnostic tools, and strides in the field of personalized nutritional solutions.

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How Are Emerging Segments Shaping the Veterinary Biomarkers Market Landscape?
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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Which Growth Factors Are Influencing Veterinary Biomarkers Market Expansion?
The surge in pet ownership is set to drive the expansion of the veterinary biomarkers market in the future. The increase in pet ownership can be credited to a variety of reasons, such as the need for companionship, the advantage of pet therapy, and the rising awareness about the positive effects pets have on one's mental and physical health. Veterinary biomarkers come into play in pet ownership by helping to keep a check on the animal's health, thus facilitating early detection of diseases and tailoring personalized treatment strategies. For example, the American Pet Products Association, a non-profit organization based in the US, stated in October 2023 that 86.9 million US homes had pets, marking a 66% of households in 2022. Similarly, Animal Medicines Australia, an association representing animal health based in Australia, reported in November 2022 that pets were owned by 69% of households in Australia in 2022. Therefore, the upsurge in pet ownership is fuelling the expansion of the veterinary biomarkers market.

Who Are the Dominant Players Across Different Veterinary Biomarkers Market Segments?
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

What Are the Latest Developing Trends in the Ambulatory X-Ray Devices Market?
Leading firms active in the veterinary biomarkers industry are concentrating on establishing strategic alliances to achieve a competitive advantage. These partnerships within the veterinary biomarkers domain entail cooperations among businesses, research bodies, and veterinary offices to further progress in the creation and usage of diagnostic instruments. For example, in July 2022, Bionote USA, an American firm specializing in point-of-care testing equipment for animal healthcare, teamed up with PSIvet, another American veterinary group buying organization, aiming to improve the availability of inexpensive diagnostic solutions for veterinary offices. This partnership facilitates over 5,000 veterinary clinics affiliated with PSIvet to use Bionote's Vcheck series of analyzers and biomarker exams at discounted rates.

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Which Geographic Regions Are Expected to Dominate the Veterinary Biomarkers Market in the Coming Years?
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.

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

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the veterinary biomarkers market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

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