Emerging Trends to Reshape the Veterinary Diagnostic Equipment Market: Revolutionizing Veterinary Diagnosis Advancements In Blood Microsampling Techniques as a Key Influencer

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Veterinary Diagnostic Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for veterinary diagnostic equipment has been experiencing robust growth in the past years. A rise from $1.39 billion in 2024 to $1.48 billion in 2025 is expected, correlating to a Compound Annual Growth Rate (CAGR) of 6.8%. This significant expansion during the historic era can be linked to factors such as the rise in pet ownership, the expanding livestock industry, the high prevalence of pet animals, the growing need for preventive veterinary healthcare, as well as elevated levels of disposable income.

Veterinary Diagnostic Equipment Market Size Forecast: What's the Projected Valuation by 2029?
The market size of veterinary diagnostic equipment is predicted to witness substantial expansion in the coming years. The market is projected to surge to a value of $1.95 billion in 2029, boosted by a compound annual growth rate (CAGR) of 7.1%. The upturn during the forecast period can be ascribed to factors such as enhanced awareness of pet healthcare, global pandemic readiness, heightened concentration on surveillance and control of animal disease, along with increased pet insurance. The forecast period is also likely to see prevailing trends such as the uptake of digital technologies, the inclusion of telemedicine, point-of-care testing, the implementation of artificial intelligence and machine learning, alongside environmentally friendly practices.

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What Are the Drivers Transforming the Veterinary Diagnostic Equipment Market?
The veterinary diagnostic equipment market is mainly driven by the rise in disease prevalence among animals. The surge in illnesses among livestock and pets has amplified the need for advanced diagnostic apparatuses. For example, the World Health Organization, a specialized United Nations agency based in Switzerland that oversees global public health, reported in July 2023 that they had received notifications from 67 countries across five continents concerning H5N1 high pathogenicity avian influenza outbreaks among poultry and wild birds. Over 131 million domestic birds were eradicated in 2022 either through death or deliberate culling on infected farms and areas. This surge in animal disease prevalence scales up the demand for diagnostic tools and helps propel the veterinary diagnostic equipment market.

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What Long-Term Trends Will Define the Future of the Veterinary Diagnostic Equipment Market?
Manufacturers of veterinary diagnostic tools are adopting cutting-edge technologies such as advanced blood microsampling techniques for improved precision, more patient-oriented specimen collection, and more accurate diagnosis of animal diseases. Blood microsampling is a process that simplifies the process of collecting blood samples from pets and farm animals for disease diagnosis, which are then sent to laboratories for further testing. It's a more sophisticated version of dry blood sampling, a traditional blood collection technique. For example, Neoteryx presented the '3Rs-compliant Mitra', a blood microsampling tool using their proprietary Volumetric Absorptive Micro Sampling (VAMS) technology. This allows for easier and more precise remote sampling. Other businesses like Diatron investing in microsampling trends have begun adopting similar technologies, as evidenced by their Diatron Aquila hematologyanalyzer.

Which Segments in the Veterinary Diagnostic Equipment Market Offer the Most Profit Potential?
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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Which Firms Dominate the Veterinary Diagnostic Equipment Market by Market Share and Revenue in 2025?
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 Healthcare, 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.

Which Regions Offer the Highest Growth Potential in the Veterinary Diagnostic Equipment Market?
North America was the largest region in the veterinary diagnostic equipment market in 2024. 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.

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