Companion Animal Diagnostics Market to Grow with a CAGR of 7.21% through 2030
Surge in research and development activities is
expected to drive the Global Companion Animal Diagnostics Market growth in the
forecast period, 2026-2030.
According to TechSci Research report, “Companion
Animal Diagnostics Market - Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Global Companion
Animal Diagnostics Market stood at USD 2.80 Billion in 2024 and is anticipated
to grow with a CAGR of 7.21% through 2030. Initiatives taken by government
based on companion animal diagnostics has led to favorable market conditions
for the Global Companion Animal Diagnostics Market. Several factors contribute
to the growth of various companion animal diagnostics products.
R&D efforts are being directed toward the creation
of more precise and rapid diagnostic methods, including molecular diagnostics,
point-of-care testing kits, biomarker-based assays, and digital imaging
solutions. These advancements not only reduce the time required for diagnosis
but also enhance the ability of veterinarians to detect complex diseases such
as cancer, autoimmune disorders, and genetic abnormalities in companion
animals. As a result, pet owners and veterinarians are increasingly relying on
innovative diagnostics to ensure timely and targeted treatment interventions.
In countries like India, the Ministry of Fisheries, Animal Husbandry & Dairying has made significant investments in diagnostic services at the grassroots level. Mobile Veterinary Units now travel to rural communities, delivering diagnostic care directly to livestock and pets in remote areas part of broader schemes such as ASCAD (Assistance to State for Control of Animal Disease) and the National Control Programme for Brucellosis. These programmes not only fund mass disease screening and vaccination efforts but also support the establishment and modernization of veterinary diagnostic laboratories.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Companion Animal Diagnostics Market”
The Global Companion Animal Diagnostics Market is
segmented into animal type, technology, regional distribution, and company.
Based on Animal Type, Cats have emerged
as the dominating segment in the Global Companion Animal Diagnostics Market in
2024. This is driven by their growing global population, the rising awareness
of feline health issues, and an increasing emphasis on preventive veterinary
care among cat owners. As cats become more prevalent in households particularly
in urban settings where their independent nature and adaptability to confined
living spaces make them ideal companions the demand for specialized diagnostic
services tailored to feline health has grown considerably.
Based on Region, Asia Pacific have emerged as the fastest
growing region in the Global Companion Animal Diagnostics Market in 2024. This
is due to a combination of rising pet ownership, growing awareness of animal
health, and increased spending on veterinary care across key markets such as
China, India, Japan, and South Korea. The expanding middle-class population,
coupled with the cultural shift toward pet humanization, has significantly
increased the demand for advanced diagnostic services for companion animals.
Moreover,
improvements in veterinary education, growing investment in animal healthcare
R&D, and the expansion of veterinary chains and diagnostic laboratories are
enhancing the availability and quality of services across the region.
Major companies operating in Global Companion Animal
Diagnostics Market are:
- IDEXX Laboratories, Inc.
- Zoetis Inc.
- Virbac
- Heska Corporation
- Neogen Corporation
- Bio-Rad Laboratories, Inc.
- INDICAL Bioscience GmbH
- Agrolabo SpA
- ID.vet
- bioMérieux S.A.
Download Free Sample Report
Customers can also request for 10%
free customization on this report
“A particularly impactful application of
nanotechnology in this space is the development of nanosensors and
nanoparticle-based assays that enhance the sensitivity and specificity of
diagnostic tests. These technologies enable the detection of biomarkers at
extremely low concentrations, facilitating early diagnosis of diseases such as
cancer, infectious diseases, and metabolic disorders in companion animals. For
instance, gold nanoparticles and quantum dots are being incorporated into rapid
test kits and biosensors for enhanced signal amplification and visual clarity”,
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Companion Animal Diagnostics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Animal Type (Dogs, Cats, Horses, Others), By Technology (Clinical Biochemistry, Clinical Chemistry Analysis, Glucose Monitoring, Blood Gas & Electrolyte Analysis, Immunodiagnostics, Hematology, Urinalysis, Others), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global Companion Animal
Diagnostics 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 Companion Animal
Diagnostics Market.
Contact
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +1-332-258-6602
Email: sales@techsciresearch.com
Website: www.techsciresearch.com