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Emerging Trends to Reshape the Veterinary Infectious Disease Diagnostics Market: Growing Technological Advances In Veterinary Diagnostics as a Key Influencer
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Veterinary Infectious Disease Diagnostics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size of veterinary infectious disease diagnostics has seen robust growth. The projections suggest a growth from $1.93 billion in 2024 to $2.11 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.9%. Drivers of this growth during the historical period include an increase in pet ownership, advancements in veterinary medicine, anthropomorphization of pets, and supportive regulations.
Veterinary Infectious Disease Diagnostics Market Size Forecast: What's the Projected Valuation by 2029?
The market size for veterinary infectious disease diagnostics is predicted to witness substantial growth in the upcoming years. It is projected to escalate to $3.05 billion by 2029, with a compound annual growth rate (CAGR) of 9.7%. The growth during the projected period can be credited to the emergence of diseases, escalated research and development, global expansion of veterinary practices, and an increasing livestock population. Key trends within the forecasted period encompass technological advancements, swift acceptance of point-of-care testing, the incorporation of molecular diagnostics, digital transformation in veterinary healthcare, enlargement of product ranges, alliances and partnerships, and personalized diagnostics for varying animal species.
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What Are the Drivers Transforming the Veterinary Infectious Disease Diagnostics Market?
The escalating occurrence of cross-border and zoonotic afflictions such as rabies is projected to stimulate the expansion of the veterinary infectious disease diagnostics market in the future. Zoonotic diseases are conditions and infections that are naturally transmitted between humans and vertebrate creatures. Diagnostic tools for veterinary infectious diseases are utilized for identifying rabies in pets and animals, acting as a measure to prevent the said creatures from causing death. For example, in 2022, the World Health Organization, a Swiss-based government agency, reported the discovery of the rabies disease in more than 150 countries and regions. Dogs remain the foremost source of human rabies deaths, contributing to as much as 99% of all rabies transmissions. Children under 15 years old constitute 40% of the individuals bitten by potentially rabid animals. This disease ends up claiming the lives of tens of thousands of individuals annually, predominantly in Asia and Africa. Therefore, the escalating occurrence of transboundary and zoonotic afflictions is fuelling the expansion of the veterinary infectious disease diagnostics market.
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What Long-Term Trends Will Define the Future of the Veterinary Infectious Disease Diagnostics Market?
The main trend gaining traction in the veterinary infectious disease diagnostics market is technological advancements. Leading companies in this market are constantly bringing forth technological innovations to retain their market standing. Take for example, Merck Animal Health, known for developing animal drugs. In February 2022, they launched SenseHub Feedlot, leveraging electronic ear tag technology. It constitutes a reusable ear tag, an antenna, and an infrared thermistor that gather, store and relay information from a gateway to a data platform. This technology-enabled solution allows for quicker illness detection, accurate disease diagnosis, and early illness identification, offering superior management of pain in cattle in comparison to ocular inspection.
Which Segments in the Veterinary Infectious Disease Diagnostics Market Offer the Most Profit Potential?
The veterinary infectious disease diagnostics market covered in this report is segmented -
1) By Infection Type: Viral Infections, Bacterial Infections, Parasitic Infections, Other Infections
2) By Animal Type: Companion Animal, Food-Producing Animals
3) By Technology: Immunodiagnostics, Molecular Diagnostic, Other Technologies
4) By End User: Reference Laboratories, Veterinary Hospitals And Clinics, Point Of Care, Research Institutes And Universities, Other End Users
Subsegments:
1) By Viral Infections: Canine Parvovirus, Feline Leukemia Virus, Avian Influenza Virus
2) By Bacterial Infections: Canine Bordetella, Leptospirosis, Salmonellosis
3) By Parasitic Infections: Fleas And Ticks, Heartworm, Giardia
4) By Other Infections: Fungal Infections, Mycoplasma Infections
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Which Firms Dominate the Veterinary Infectious Disease Diagnostics Market by Market Share and Revenue in 2025?
Major companies operating in the veterinary infectious disease diagnostics market include Zoetis Inc., IDEXX Laboratories Inc., Thermo Fisher Scientific Inc., QIAGEN N. V., IDvet, NEOGEN Corporation, INDICAL BIOSCIENCE GmbH, Randox Laboratories Ltd, Creative Diagnostics, Heska Corporation, Chembio Diagnostics Inc., URIT Medical Electronic Co. Ltd., NTBIO Diagnostics Inc., Bio-X Diagnostics, Agrolabo Spa, Virbac, Covetrus Inc., Biomerieux S. A., Bio-Rad Laboratories Inc., Eurofins Scientific SE, Fujifilm Wako Pure Chemical Corporation, GenScript Biotech Corporation, Merck KGaA, MP Biomedicals LLC, Quidel Corporation, Roche Diagnostics Corporation, Siemens Healthineers AG, Sysmex Corporation, VCA Inc., Vetoquinol SA
Which Regions Offer the Highest Growth Potential in the Veterinary Infectious Disease Diagnostics Market?
North America was the largest region in the veterinary disease diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary infectious disease diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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