Veterinary Diagnostic Services Market to Grow with a CAGR of 8.12% through 2030
The
growing focus on preventive healthcare for pets and advancements in diagnostic
technologies, is expected to drive the Global Veterinary Diagnostic Services
Market growth in the forecast period, 2026-2030
According
to TechSci Research report, “Veterinary Diagnostic Services Market – Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”,
the Global Veterinary Diagnostic Services Market stood at USD
12.36 Billion in
2024 and is expected to reach USD 19.77 Billion by 2030 with a CAGR of 8.12% during
the forecast period. The global veterinary diagnostic services market is
witnessing substantial growth due to the increasing awareness among pet owners
regarding the importance of early detection and prevention of diseases in
animals. As pets live longer and become more integrated into family structures,
the demand for advanced veterinary care is on the rise. Veterinary diagnostic
services are becoming an essential part of routine check-ups and are
increasingly sought after to monitor health conditions such as obesity,
arthritis, and infections. This shift in the pet care paradigm is pushing
veterinary service providers to offer comprehensive diagnostic solutions,
including blood tests, imaging, and genetic testing, to meet the growing needs
of pet owners.
Advancements
in diagnostic technology are significantly driving the growth of the veterinary
diagnostic services market. Innovations such as molecular diagnostics,
next-generation sequencing (NGS), and non-invasive imaging techniques are
making it easier to detect diseases in animals at earlier stages, which helps
in improving the prognosis and treatment outcomes. The adoption of these
cutting-edge technologies by veterinary clinics and hospitals is enhancing the
precision and efficiency of diagnostics. Furthermore, the increase in the
number of specialized veterinary services, such as cardiology, oncology, and
ophthalmology, is encouraging the use of more complex diagnostic tests,
contributing to the market's growth.
Growth
opportunities in the veterinary diagnostic services market are abundant, driven
by an expanding market for pet insurance, which is increasing access to
high-quality veterinary care. As more pet owners purchase insurance for their
animals, there is an uptick in diagnostic services usage, as many insurance
policies cover diagnostic tests. The rising awareness of zoonotic diseases,
which can be transmitted from animals to humans, is also creating opportunities
for veterinary diagnostic service providers to offer specialized testing for
infectious diseases. This trend is gaining momentum as public health concerns
about zoonotic threats continue to rise globally. Veterinary diagnostic
services companies can also explore emerging markets, where growing urbanization
and rising disposable incomes are leading to higher pet ownership and demand
for advanced veterinary services.
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"Global Veterinary Diagnostic Services Market”
The
Global Veterinary Diagnostic Services Market is segmented into test type, animal
type, testing category, service provider, sector, regional distribution, and
company.
Based
on the Test Type, In Vivo Diagnosis emerged as the fastest growing segment in
the Global Veterinary Diagnostic Services Market during the forecast period.
This is due to its ability to provide real-time,
accurate results for diagnosing a variety of conditions in animals. This
diagnostic method involves conducting tests directly on living animals,
allowing veterinarians to monitor the physiological changes and disease
progression in real-time. In vivo diagnosis is particularly beneficial for
detecting infectious diseases, monitoring the effects of treatments, and
assessing organ function. It is essential for evaluating chronic diseases,
metabolic disorders, and genetic conditions that require continuous monitoring.
The growing demand for more precise and timely diagnostics has driven the
adoption of in vivo testing methods. As technology in this field advances, the
efficiency and accuracy of in vivo diagnostic tools, such as imaging techniques
and point-of-care devices, have significantly improved. These innovations have
made it easier for veterinarians to conduct comprehensive health assessments on
animals without the need for invasive procedures, enhancing both the speed and
comfort of diagnosis.
Based on the Region, Asia-Pacific
emerged as the fastest growing region in the Global Veterinary Diagnostic Services Market during
the forecast period. This is due to growing awareness of animal health and
increasing investments in veterinary healthcare. As the region’s middle class
expands, disposable income levels rise, leading to greater expenditure on pets
and veterinary services. Countries like China, India, and Japan have seen
significant growth in pet adoption, with pets increasingly being viewed as family
members, driving the demand for regular health check-ups and diagnostic
services. Additionally, the awareness surrounding animal health, particularly
among pet owners, has significantly improved in the region. As people become
more conscious of the importance of preventive healthcare and early diagnosis
in pets, the need for veterinary diagnostic services has surged. The increasing
prevalence of zoonotic diseases, combined with growing urbanization and
industrialization, has also heightened the focus on animal health and the need
for timely diagnostics.
Major companies operating in Global Veterinary
Diagnostic Services Market are:
- Zoetis Inc.
- Antech Diagnostics, Inc.
- IDEXX Laboratories, Inc.
- Neogen Corporation
- Agrolabo S.p.A.
- Esaote S.p.A
- Thermo Fisher Scientific, Inc.
- SYNLAB International GmbH
- National Veterinary Services Limited
- Ellie Diagnostics
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“The
Global Veterinary Diagnostic Services Market is expanding due to the rising
emphasis on early disease detection and preventive healthcare for animals. Pet
owners are increasingly seeking regular check-ups and diagnostic services to
identify health issues before they become severe, driven by the growing
awareness of the benefits of proactive care. This shift towards prevention
rather than treatment is particularly evident in companion animals, where early
intervention can lead to better outcomes and lower long-term treatment costs.
The demand for routine health screenings, coupled with advancements in
diagnostic technologies, is fueling market growth.,” said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“Veterinary Diagnostic
Services Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Test Type
(In Vitro Diagnosis, In Vivo Diagnosis), By Animal Type (Companion Animals,
Production Animals), By Testing Category (Clinical Chemistry, Microbiology,
Parasitology, Histopathology, Cytopathology, Hematology, Immunology &
Serology, Imaging, Molecular Diagnostics, Others), By Service Provider
(Veterinary Hospital/Clinic Laboratories, Reference Laboratories), By Sector
(Public, Private), By Region and Competition, 2020-2030F”,
has evaluated the future growth potential of Global Veterinary Diagnostic
Services Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Veterinary
Diagnostic Services Market.
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