Companion Animal Diagnostic Services Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Testing (Clinical Chemistry, Microbiology, Parasitology, Histopathology, Cytopathology, Hematology, Immunology & Serology, Imaging, Molecular Diagnostics, Others), By Type (Point-of-Care (POC), Laboratory-based), By Animal Type (Dogs, Cats, Horses, Others), By Region and Competition

  • Industry : Healthcare
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 6.72 Billion

CAGR (2023-2028)

7.25%

Fastest Growing Segment

Clinical chemistry

Largest Market

North America


Market Overview

Global Companion Animal Diagnostic Services Market has valued at USD 6.72 Billion in 2022 and is anticipated to project impressive growth in the forecast period with a CAGR of 7.25% through 2028. The global companion animal diagnostic services market has seen remarkable growth in recent years, reflecting the increasing importance of pets in our lives. As pet ownership continues to rise worldwide, the demand for high-quality veterinary diagnostic services has never been greater.

The global companion animal diagnostic services market has been on a steady growth trajectory, driven by several key factors. One of the primary drivers is the ever-expanding pet ownership landscape. People are not only welcoming cats and dogs into their homes but are increasingly willing to invest in their health and well-being. This emotional bond between pet owners and their animals has fueled the demand for advanced diagnostic services. Additionally, the rise in pet insurance coverage has made it more affordable for pet owners to seek comprehensive diagnostic services for their furry companions. With the financial burden alleviated, pet owners are more likely to approve and proceed with diagnostic tests and treatments recommended by veterinarians.

The companion animal diagnostic services market has witnessed significant technological advancements in recent years. These innovations have led to quicker, more accurate diagnoses and treatments, improving the overall healthcare of pets. Advanced diagnostic tools such as digital radiography, ultrasound, and molecular testing have revolutionized the way veterinarians assess and treat animals. Telemedicine has also made its mark in the pet care industry, allowing pet owners to consult with veterinarians remotely, thereby expanding access to diagnostic services and expert advice. This has been particularly valuable in rural and underserved areas.

Key Market Drivers

Rising Pet Ownership is Driving the Global Companion Animal Diagnostic Services Market

In recent years, there has been a remarkable surge in pet ownership worldwide, and with it, a burgeoning need for high-quality veterinary care. This trend has ignited a significant growth in the global companion animal diagnostic services market. Pet owners are becoming increasingly aware of the importance of regular health check-ups and diagnostics for their furry family members. As a result, the market for companion animal diagnostic services is flourishing. The global increase in pet ownership is a multifaceted phenomenon. While pets have always held a special place in our hearts, several factors have converged to accelerate this trend. The COVID-19 pandemic played a pivotal role in this pet boom. With lockdowns and social distancing measures, people sought companionship and comfort in the form of pets. This surge in adoptions and purchases led to an upswing in pet ownership, with dogs, cats, and even exotic animals finding new homes.

In parallel with the increase in pet ownership, there has been a notable shift in pet owners' attitudes towards healthcare for their animals. More people now consider their pets as integral members of the family, leading to an increased willingness to invest in their well-being. Consequently, pet owners are more inclined to visit veterinarians and use diagnostic services to ensure their pets' health and longevity. The companion animal diagnostic services industry has not lagged behind in technological advancements. In recent years, there have been notable developments in diagnostic tools and services. This has translated to a broader range of diagnostic tests and treatments for pets. Diagnostic services now include everything from routine blood work to advanced imaging techniques like MRI and CT scans, allowing veterinarians to diagnose and treat a wide range of health issues more effectively. Just like in human healthcare, prevention is becoming a critical aspect of pet healthcare. Regular check-ups, vaccinations, and preventive treatments are no longer seen as optional. This emphasis on proactive healthcare measures has further boosted the demand for companion animal diagnostic services. Pet owners are increasingly opting for regular screenings and early detection to address health issues before they become severe and costly to treat.

The future of the companion animal diagnostic services market looks promising, driven by ongoing pet ownership growth and evolving pet healthcare needs. The demand for advanced diagnostic tools and services will continue to drive innovation in the pet healthcare industry. We can expect to see new technologies, treatments, and testing methods emerging in response to this growing demand. With more pet owners investing in preventive care and early diagnosis, pets are likely to lead healthier lives and experience improved outcomes. This will strengthen the bond between pet owners and their animals. The expanding market creates opportunities for veterinarians, technicians, and professionals in the pet healthcare sector. It also fosters job growth and specialization in the field. As pet owners increasingly prioritize their pets' health, there will be a surge in awareness regarding pet healthcare and responsible ownership, potentially leading to stricter regulations and better pet welfare standards.

Growing Insurance Coverage for Pets is Driving the Global Companion Animal Diagnostic Services Market

In recent years, there has been a noticeable and heartwarming shift in how people view and care for their pets. Pet ownership has evolved from being a mere responsibility to a genuine emotional investment. This shift is clearly reflected in the rising popularity of pet insurance, a trend that is significantly impacting the global companion animal diagnostic services market. Pet insurance, once a niche market, has seen remarkable growth over the past decade. As more people consider their pets as integral members of their families, the demand for comprehensive healthcare coverage for these furry, feathered, or scaly companions has surged. Pet insurance policies are designed to help pet owners offset the high costs associated with veterinary care, including diagnostic services, surgeries, medications, and preventive care. The surge in pet insurance coverage is primarily attributed to the growing awareness of the benefits it offers. It not only provides financial support for unexpected veterinary expenses but also encourages pet owners to provide the best possible healthcare for their pets, making early diagnosis and treatment more accessible. This change in perspective is positively influencing the companion animal diagnostic services market.

Pet insurance encourages pet owners to take their pets for regular veterinary check-ups and diagnostic tests. Regular check-ups can help detect health issues early, ensuring prompt treatment, and potentially saving the lives of many beloved pets. Pet insurance coverage often includes diagnostics such as MRI, CT scans, and specialized blood tests. As a result, pet owners are more willing to invest in advanced diagnostic procedures, contributing to the expansion of the companion animal diagnostic services market. Pet insurance alleviates the financial burden associated with veterinary care, making it more affordable for pet owners to invest in comprehensive diagnostic services. This translates into higher demand for these services and drives market growth. The demand for high-quality diagnostic services in the pet healthcare industry has spurred technological advancements. This, in turn, has led to more accurate and efficient diagnostic tools and procedures. Pet insurance providers often educate pet owners about the benefits of regular veterinary visits and early disease detection. This education is driving a shift towards proactive pet healthcare, boosting the companion animal diagnostic services market.


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Key Market Challenges

Increasing Cost Pressures

One of the foremost challenges in the companion animal diagnostic services market is the increasing cost pressures. The demand for advanced diagnostic tests and procedures is driving up costs, making it challenging for pet owners to afford these services. In many cases, the burden of these costs falls on veterinary clinics, which can struggle to maintain competitive pricing while providing high-quality care.

Solution: Industry stakeholders should focus on cost-effective diagnostic solutions and explore partnerships with diagnostic equipment manufacturers to negotiate favorable pricing. Additionally, promoting pet insurance can help alleviate financial stress for pet owners.

Limited Access to Specialized Services

Many regions, especially rural areas, lack access to specialized companion animal diagnostic services. This limited accessibility restricts pet owners from accessing the best possible care for their animals, leading to suboptimal diagnostic and treatment outcomes.

Solution: Telemedicine and telehealth solutions can help bridge the gap by enabling remote consultations and diagnostic services. Veterinary clinics in underserved areas could also receive training and equipment to provide advanced diagnostics.

Rapid Technological Advancements

While technological advancements have transformed the companion animal diagnostic services market, they also present a challenge. Smaller veterinary clinics may struggle to keep up with the latest diagnostic tools and equipment, limiting their ability to offer comprehensive services.

Solution: Collaboration with technology providers and regular training and education for veterinary professionals can help ensure that clinics stay up-to-date with the latest diagnostic tools. Industry associations can play a pivotal role in facilitating such collaborations.

Regulatory Hurdles

The companion animal diagnostic services market is subject to stringent regulatory requirements to ensure the safety and effectiveness of diagnostic tests and procedures. These regulations can slow down the introduction of innovative diagnostic solutions and increase the cost of compliance.

Solution: Industry stakeholders can work closely with regulatory bodies to streamline the approval process for new diagnostic technologies. This collaboration can result in more efficient, yet safe, market access.

Data Privacy and Security Concerns

With the growing adoption of digital health records and telemedicine platforms, the companion animal diagnostic services market faces concerns regarding data privacy and security. The protection of sensitive pet health information is paramount, and breaches could have significant consequences.

Solution: Developing robust data security measures, encryption protocols, and privacy policies can help address these concerns. Compliance with data protection regulations such as GDPR or HIPAA (for the U.S.) is essential.

Fragmented Market Landscape

The companion animal diagnostic services market is highly fragmented, with many small and medium-sized players. This fragmentation can lead to inconsistent service quality and hinder efforts to standardize diagnostic procedures and reporting.

Solution: Industry associations can play a crucial role in establishing standards for diagnostic services. Collaboration among industry players can help ensure consistency and quality in diagnostic testing.

Key Market Trends

Technological Advancements

In recent years, the pet industry has witnessed a remarkable transformation, thanks to the increasing technological advancements in veterinary medicine. This evolution has not only improved the overall health and well-being of our beloved furry companions but has also given rise to a booming global companion animal diagnostic services market. The market's growth can be attributed to a convergence of factors, including the rapid development of innovative diagnostic tools and the rising demand for superior healthcare for pets. One of the primary drivers behind the growth of the companion animal diagnostic services market is the rapid progression of diagnostic technology. Veterinarians now have access to an array of sophisticated tools that enable them to diagnose diseases, conditions, and health issues in pets with a precision and efficiency that was previously unimaginable.

High-definition ultrasound, magnetic resonance imaging (MRI), and computed tomography (CT) scans are some of the imaging technologies that have revolutionized the diagnosis and treatment of companion animals. These tools offer detailed insights into a pet's health, aiding in the early detection of issues. The development of point-of-care diagnostic devices has brought diagnostics closer to home. These handheld devices allow veterinarians to conduct on-the-spot tests for various conditions, including blood tests and urinalysis. Rapid results mean faster treatment and improved outcomes. The rise of telemedicine and telehealth platforms has made it easier for pet owners to access expert advice from veterinarians, no matter where they are located. This technology has not only increased convenience but also broadened the reach of veterinary services. Genetic testing has become increasingly popular in the veterinary world. It can provide valuable insights into a pet's predisposition to certain diseases, enabling preventive measures and tailored healthcare plans. The advent of pet wearables, such as fitness trackers and GPS collars, has made it easier for pet owners to monitor their animals' health and location. These devices can also alert owners and veterinarians to potential issues.

The increasing awareness about the importance of preventive healthcare and early disease detection for companion animals is another critical driver of the diagnostic services market. Pet owners are more proactive in seeking regular check-ups for their pets, which has led to a surge in demand for diagnostic services. Veterinary practices and diagnostic laboratories have also adapted to this change by expanding their services and offering comprehensive wellness packages for pets. The market now offers a variety of testing options, from routine check-ups to specialized diagnostics for specific conditions.

Segmental Insights

Testing Insights

Based on the category of Testing, Clinical Chemistry emerged as the dominant player in the global market for Companion Animal Diagnostic Services in 2022. Clinical chemistry refers to the analysis of blood, serum, and other bodily fluids to evaluate the overall health of companion animals. This segment of diagnostic services offers a broad spectrum of information about an animal's health status, including organ function, blood cell counts, electrolyte balance, and more. Clinical chemistry provides a holistic view of an animal's health by assessing various parameters such as liver and kidney function, glucose levels, and electrolyte balance. This breadth of information helps veterinarians make accurate diagnoses and create tailored treatment plans. Clinical chemistry typically involves blood or serum samples, which can be obtained through minimally invasive procedures. This reduces stress and discomfort for the animals, making it a more preferred diagnostic method.

Animal Type Insights

The dogs segment is projected to experience rapid growth during the forecast period. Hospitals and clinics are equipped with a multidisciplinary team of healthcare professionals, including gastroenterologists, colorectal surgeons, oncologists, genetic counselors, and radiologists. This team approach ensures that patients receive comprehensive care, from diagnosis to treatment and long-term management. These healthcare facilities are equipped with advanced diagnostic tools, such as colonoscopy, endoscopy, genetic testing, and imaging modalities, which are crucial for early diagnosis and monitoring of Gardner Syndrome.


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Regional Insights

North America emerged as the dominant player in the global Companion Animal Diagnostic Services market in 2022, holding the largest market share in terms of value. One of the primary reasons for North America's leadership in the companion animal diagnostic services market is its focus on innovation and technological advancement. The region is home to several leading veterinary diagnostic service providers that continually invest in cutting-edge technology. These advancements have allowed for faster, more accurate diagnoses, leading to improved treatment options and better outcomes for companion animals. North America boasts a robust and diverse economy that supports a high level of pet ownership. As a result, pet owners in this region are more inclined to invest in their animals' health, including diagnostic services. The increasing disposable income of pet owners allows for greater expenditure on veterinary care, further driving the demand for companion animal diagnostic services. North America has one of the highest rates of pet ownership in the world. According to the American Pet Products Association (APPA), over 67% of households in the United States own a pet, with dogs and cats being the most common choices. This high prevalence of companion animals creates a substantial demand for diagnostic services such as regular check-ups, screenings, and specialized tests, fostering the growth of the industry.

Recent Developments

  • In June 2023, Mars completed the acquisition of Heska Corporation, thereby broadening their reach in the fields of diagnostics and technology.
  • In April of 2022, Embark Veterinary, Inc. introduced a novel genetic screening test for canines intended for use by veterinary experts. This release marks a significant change in the field of dog DNA analysis, which had primarily concentrated on identifying breed combinations until then.

Key Market Players

  • Zoetis Services LLC
  • IDEXX Laboratories, Inc.
  • Mars Inc.
  • The Animal Medical Center
  • Embark Veterinary, Inc.
  • SYNLAB
  • NationWide Laboratories
  • IVC Evidensia
  • CVS Group Plc
  • Greencross Vets

By Testing

By Type

By Animal Type

By Region

Clinical Chemistry

Microbiology

Parasitology

Histopathology Cytopathology, Hematology

Immunology & Serology

Imaging

Molecular Diagnostics

Others

Point-of-Care (POC) Laboratory-based

Dogs

Cats

Horses

Others

North America

Europe

Asia Pacific

South America

Middle East & Africa


Report Scope:

In this report, the Global Companion Animal Diagnostic Services Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Companion Animal Diagnostic Services Market, By Testing:

o   Clinical Chemistry

o   Microbiology

o   Parasitology

o   Histopathology Cytopathology, Hematology

o   Immunology & Serology

o   Imaging

o   Molecular Diagnostics

o   Others

  • Companion Animal Diagnostic Services Market, By Type:

o   Point-of-Care (POC)

o   Laboratory-based

  • Companion Animal Diagnostic Services Market, By Animal Type:

o   Dogs

o   Cats

o   Horses

o   Others

  • Companion Animal Diagnostic Services Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Companion Animal Diagnostic Services Market.

Available Customizations:

Global Companion Animal Diagnostic Services market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Companion Animal Diagnostic Services Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Global Companion Animal Diagnostic Services Market Outlook

4.1.  Market Size & Forecast

4.1.1.    By Value

4.2.  Market Share & Forecast

4.2.1.    By Testing (Clinical Chemistry, Microbiology, Parasitology, Histopathology, Cytopathology, Hematology, Immunology & Serology, Imaging, Molecular Diagnostics, Others)

4.2.2.    By Type (Point-of-Care (POC), Laboratory-based)

4.2.3.    By Animal Type (Dogs, Cats, Horses, Others)

4.2.4.    By Region

4.2.5.    By Company (2022)

4.3.  Market Map

4.3.1.    By Testing

4.3.2.    By Type

4.3.3.    By Animal Type

4.3.4.    By Region

5.    Asia Pacific Companion Animal Diagnostic Services Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Testing

5.2.2.    By Type

5.2.3.    By Animal Type

5.2.4.    By Country

5.3.  Asia Pacific: Country Analysis

5.3.1.    China Companion Animal Diagnostic Services Market Outlook

5.3.1.1.        Market Size & Forecast

5.3.1.1.1.           By Value

5.3.1.2.        Market Share & Forecast

5.3.1.2.1.           By Testing

5.3.1.2.2.           By Type

5.3.1.2.3.           By Animal Type

5.3.2.    India Companion Animal Diagnostic Services Market Outlook

5.3.2.1.        Market Size & Forecast

5.3.2.1.1.           By Value

5.3.2.2.        Market Share & Forecast

5.3.2.2.1.           By Testing

5.3.2.2.2.           By Type

5.3.2.2.3.           By Animal Type

5.3.3.    Australia Companion Animal Diagnostic Services Market Outlook

5.3.3.1.        Market Size & Forecast

5.3.3.1.1.           By Value

5.3.3.2.        Market Share & Forecast

5.3.3.2.1.           By Testing

5.3.3.2.2.           By Type

5.3.3.2.3.           By Animal Type

5.3.4.    Japan Companion Animal Diagnostic Services Market Outlook

5.3.4.1.        Market Size & Forecast

5.3.4.1.1.           By Value

5.3.4.2.        Market Share & Forecast

5.3.4.2.1.           By Testing

5.3.4.2.2.           By Type

5.3.4.2.3.           By Animal Type

5.3.5.    South Korea Companion Animal Diagnostic Services Market Outlook

5.3.5.1.        Market Size & Forecast

5.3.5.1.1.           By Value

5.3.5.2.        Market Share & Forecast

5.3.5.2.1.           By Testing

5.3.5.2.2.           By Type

5.3.5.2.3.           By Animal Type

6.    Europe Companion Animal Diagnostic Services Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Testing

6.2.2.    By Type

6.2.3.    By Animal Type

6.2.4.    By Country

6.3.  Europe: Country Analysis

6.3.1.    France Companion Animal Diagnostic Services Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Testing

6.3.1.2.2.           By Type

6.3.1.2.3.           By Animal Type

6.3.2.    Germany Companion Animal Diagnostic Services Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Testing

6.3.2.2.2.           By Type

6.3.2.2.3.           By Animal Type

6.3.3.    Spain Companion Animal Diagnostic Services Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Testing

6.3.3.2.2.           By Type

6.3.3.2.3.           By Animal Type

6.3.4.    Italy Companion Animal Diagnostic Services Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Testing

6.3.4.2.2.           By Type

6.3.4.2.3.           By Animal Type

6.3.5.    United Kingdom Companion Animal Diagnostic Services Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Testing

6.3.5.2.2.           By Type

6.3.5.2.3.           By Animal Type

7.    North America Companion Animal Diagnostic Services Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Testing

7.2.2.    By Type

7.2.3.    By Animal Type

7.2.4.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Companion Animal Diagnostic Services Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Testing

7.3.1.2.2.           By Type

7.3.1.2.3.           By Animal Type

7.3.2.    Mexico Companion Animal Diagnostic Services Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Testing

7.3.2.2.2.           By Type

7.3.2.2.3.           By Animal Type

7.3.3.    Canada Companion Animal Diagnostic Services Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Testing

7.3.3.2.2.           By Type

7.3.3.2.3.           By Animal Type

8.    South America Companion Animal Diagnostic Services Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Testing

8.2.2.    By Type

8.2.3.    By Animal Type

8.2.4.    By Country

8.3.  South America: Country Analysis

8.3.1.    Brazil Companion Animal Diagnostic Services Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Testing

8.3.1.2.2.           By Type

8.3.1.2.3.           By Animal Type

8.3.2.    Argentina Companion Animal Diagnostic Services Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Testing

8.3.2.2.2.           By Type

8.3.2.2.3.           By Animal Type

8.3.3.    Colombia Companion Animal Diagnostic Services Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Testing

8.3.3.2.2.           By Type

8.3.3.2.3.           By Animal Type

9.    Middle East and Africa Companion Animal Diagnostic Services Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Testing

9.2.2.    By Type

9.2.3.    By Animal Type

9.2.4.    By Country

9.3.  MEA: Country Analysis

9.3.1.    South Africa Companion Animal Diagnostic Services Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Testing

9.3.1.2.2.           By Type

9.3.1.2.3.           By Animal Type

9.3.2.    Saudi Arabia Companion Animal Diagnostic Services Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Testing

9.3.2.2.2.           By Type

9.3.2.2.3.           By Animal Type

9.3.3.    UAE Companion Animal Diagnostic Services Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Testing

9.3.3.2.2.           By Type

9.3.3.2.3.           By Animal Type

9.3.4.    Egypt Companion Animal Diagnostic Services Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Testing

9.3.4.2.2.           By Type

9.3.4.2.3.           By Animal Type

10. Market Dynamics

10.1.             Drivers

10.2.             Challenges

11. Market Trends & Developments

11.1.             Recent Developments

11.2.             Product Launches

11.3.             Mergers & Acquisitions

12. Global Companion Animal Diagnostic Services Market: SWOT Analysis

13. Porter’s Five Forces Analysis

13.1.             Competition in the Industry

13.2.             Potential of New Entrants

13.3.             Power of Suppliers

13.4.             Power of Customers

13.5.             Threat of Substitute Product

14. Competitive Landscape

14.1.         Zoetis Services LLC

14.1.1.         Business Overview

14.1.2.          Company Snapshot

14.1.3.          Product & Services

14.1.4.          Current Capacity Analysis

14.1.5.          Financials (In case of listed)

14.1.6.          Recent Developments

14.1.7.          SWOT Analysis

14.2.   IDEXX Laboratories, Inc.

14.3.   Mars Inc.

14.4.   The Animal Medical Center

14.5.   Embark Veterinary, Inc.

14.6.   SYNLAB

14.7.   NationWide Laboratories

14.8.   IVC Evidensia

14.9.   CVS Group Plc

14.10.Greencross Vets

15. Strategic Recommendations

16.    About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Companion Animal Diagnostic Services Market was estimated to be USD 6.72 billion in 2022.

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The Global Companion Animal Diagnostic Services Market was analyzed for the historical period of 2018 to 2021. While the base year was 2022, estimation for the year 2023 was calculated and the market growth was further forecast for 2024 to 2028.

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Zoetis Services LLC,IDEXX Laboratories, Inc., Mars Inc., The Animal Medical Center, Embark Veterinary, Inc., SYNLAB, NationWide Laboratories, IVC Evidensia, CVS Group Plc, Greencross Vets are the top players operating in the Global Companion Animal Diagnostic Services Market in 2022.

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Rising pet ownership and growing insurance coverage for pets are the major drivers for the Global Companion Animal Diagnostic Services Market.

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Sakshi Bajaal

Business Consultant
Press Release

Companion Animal Diagnostic Services Market to Grow with a CAGR of 7.25% through 2028

Jan, 2024

Rising pet ownership and growing insurance coverage for pets are factors driving the Global Companion Animal Diagnostic Services Market in the forecast period 2024-2028.

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