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Forecast Period
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2026-2030
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Market Size (2024)
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USD
199.32 Million
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CAGR (2025-2030)
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13.91%
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Fastest Growing Segment
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Companion
Animals
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Largest Market
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South India
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Market Size (2030)
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USD 436.37 Million
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Market Overview
India Veterinary Diagnostics Market was
valued at USD 199.32 Million in 2024 and is expected to reach USD 436.37 Million
by 2030 with a CAGR of 13.91% during the forecast period. The veterinary
diagnostics market in India is experiencing robust growth, driven by factors
such as increasing pet ownership, particularly in urban areas, and the rising
demand for animal-based food products. As the middle class expands and
disposable incomes rise, more people are investing in the health and well-being
of their pets, spurring the need for diagnostic services. In addition, the
livestock sector, essential for dairy, poultry, and meat production, fuels the
demand for veterinary diagnostics to manage disease prevention and improve
productivity. Technological advancements, including the adoption of PCR
testing, digital imaging, and point-of-care devices, are further enhancing the
market’s growth by providing faster, more accurate results.
However, the market faces challenges
such as limited awareness and access to advanced diagnostic tools in rural
areas, which can hinder the widespread adoption of such services. Additionally,
the high cost of some diagnostic technologies may be a barrier for smaller
veterinary clinics, especially in remote regions. The fragmentation of the
veterinary services sector and the lack of trained professionals in some parts
of the country also pose challenges to market expansion. Despite these hurdles,
the ongoing urbanization, increasing disposable incomes, and growing awareness
of animal health continue to drive the market's positive trajectory in India.
Key Market Drivers
Increasing
Pet Ownership
Increasing Pet Ownership in India is one of the key
drivers of the veterinary diagnostics market, as more people adopt pets and
prioritize their health and well-being. Over the past few years, pet ownership
in India has seen a significant surge, driven by changing lifestyles,
increasing disposable income, and a growing awareness of the importance of
animal care. As urbanization continues, more individuals and families are
adopting pets, particularly dogs and cats, which has led to a greater demand
for veterinary healthcare services, including diagnostics.
In India, there are currently over 31 million pet dogs
and 2.44 million pet cats. The pet cat population is expected to grow
substantially, with projections suggesting that it may reach 4.89 million by
2026. This growth in pet ownership reflects the increasing attachment people
have to their pets, with many considering them as family members. As a result,
there is a rising demand for veterinary services, including regular health
check-ups, vaccinations, and diagnostic tests, to ensure the health and longevity
of pets.
In terms of spending, affluent households in India are
increasingly investing in the health of their pets, spending an average of Rs
4,500-5,000 per month on pet care. This figure reflects the growing awareness
among pet owners about the need for regular veterinary visits, including
diagnostic services to detect potential health issues early. On the other hand,
other households also allocate significant funds, spending at least Rs
1,000-1,500 per month on pet care, which indicates a broadening middle-class
adoption of veterinary services.
This increased expenditure on pet health directly
correlates with the rise in demand for veterinary diagnostics, as pet owners
are more likely to seek out advanced diagnostic services to ensure their pets'
well-being. As the number of pet owners continues to grow and their spending on
pet healthcare increases, the veterinary diagnostics market in India is
expected to see further expansion.
Rising
Livestock Farming
Rising Livestock Farming in India is a
significant driver for the veterinary diagnostics market, as the country
continues to strengthen its position as a global leader in animal agriculture.
The livestock sector plays a crucial role in India's agricultural landscape,
not only contributing substantially to the nation's economy but also providing
employment and supporting rural livelihoods. With growing domestic demand for
milk, eggs, meat, and other animal products, the importance of maintaining
healthy livestock has never been greater. As such, livestock farmers are
increasingly turning to veterinary diagnostics to ensure the health,
productivity, and disease management of their animals.
India is the largest producer of milk globally,
contributing 23% of total milk production worldwide. The dairy sector is the
most critical component of the Indian livestock industry, employing more than
eight crore (80 million) farmers directly. Alongside milk, India is a
significant player in the global egg and meat markets, ranking third in egg
production and eighth in meat production. The country also accounts for 7% of
the global egg production, 2.42% of global meat production, and 7.56% of global
fish production.
The sector’s robust growth is driven by increasing
consumption of dairy and meat products, as well as expanding export
opportunities. However, with this growth comes the need for better management
and health practices within livestock farming. To maximize productivity and
prevent losses due to diseases, farmers are increasingly adopting veterinary
diagnostics for disease detection, health monitoring, and ensuring the quality
and safety of animal products.
The CAGR of the livestock sector from 2014-15 to
2022-23 was 12.99%, indicating a strong and sustained increase in the sector’s
output. This growth is a testament to the rising importance of livestock
farming in India’s economy and the need for advanced veterinary diagnostics to
support this sector’s continued expansion. As farmers invest in improving the
health of their herds to meet both domestic and international demands, the
veterinary diagnostics market will continue to experience significant growth.
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Key Market Challenges
Lack
of Awareness and Accessibility in Rural Areas
One of the major challenges hindering the full
utilization of veterinary diagnostic services is the lack of awareness and
accessibility, especially in rural areas where the majority of livestock
farmers reside. While urban centers have access to modern veterinary care and
diagnostics, rural regions are often underserved due to several factors,
including limited infrastructure, a lack of veterinary professionals, and
financial constraints.
Many rural farmers still lack a clear understanding of
the importance of veterinary diagnostics for maintaining livestock health and
productivity. Traditional farming practices, often passed down through
generations, focus more on conventional methods of care rather than preventive
health measures. As a result, many farmers do not prioritize early diagnosis or
regular health check-ups for their animals, which can lead to delayed detection
of diseases and poor animal welfare.
For example, farmers may not recognize symptoms of
diseases such as mastitis, foot-and-mouth disease, or avian influenza until it
is too late, resulting in reduced milk production, weight loss, or even death
of animals. This leads to not only economic losses for the farmers but also
poses a broader risk to the agricultural ecosystem, especially when infectious
diseases spread across livestock populations.
Limited Accessibility to Veterinary Services: Veterinary
diagnostics require advanced tools and equipment that may not be readily
available in rural areas. Inadequate infrastructure, including a shortage of
well-equipped veterinary clinics, diagnostic laboratories, and trained
professionals, makes it challenging for farmers to access essential services.
Even when these services are available, they may be geographically distant or
too costly for many small-scale farmers to afford.
Key Market Trends
Technological
Advancements
Technological Advancements in veterinary diagnostics
are playing a pivotal role in transforming the landscape of animal healthcare
in India. As the demand for more efficient and accurate diagnostics grows, the adoption
of cutting-edge technologies has become essential for improving the quality and
accessibility of veterinary care. With the increasing complexity of animal
diseases and the need for early detection, modern diagnostic tools and
innovations are helping veterinarians provide more effective treatments,
enhance animal welfare, and improve productivity in livestock farming.
The integration of genomic technologies in veterinary
diagnostics has revolutionized the ability to identify genetic disorders and
predict disease susceptibility in animals. These advancements allow for earlier
detection and more precise treatments for genetic conditions, ultimately
reducing the risk of widespread outbreaks. Additionally, the use of
point-of-care diagnostic devices has made veterinary diagnostics more
accessible, especially in remote areas. These portable, user-friendly devices
enable rapid testing for various diseases without the need for sending samples
to distant laboratories, significantly improving the turnaround time for
results.
Moreover, digital platforms and artificial
intelligence (AI) are transforming how data is collected, analyzed, and
interpreted in veterinary care. AI algorithms can analyze patterns in
diagnostic data, such as blood tests or imaging scans, to assist in diagnosing
conditions that may be overlooked by human clinicians. Telemedicine has also
gained momentum, allowing veterinarians to remotely diagnose and monitor
animals, providing timely consultations for farmers in rural areas who may not
have easy access to veterinary clinics.
The rise of big data analytics in
veterinary diagnostics is enabling the collection and analysis of vast amounts
of data from different sources, including animal health records, environmental
conditions, and diagnostic tests. This data can be used to track disease
trends, identify potential health risks, and improve preventive measures on
farms. These technological advancements are helping to drive precision medicine
in veterinary care, ensuring that treatment plans are personalized to meet the
specific needs of each animal.
Segmental Insights
Animal
Type Insights
Based on Animal Type, Companion Animals have
emerged as the fastest growing segment in the India Veterinary Diagnostics
Market in 2024. Diagnostics Market due to the rising trend of pet ownership
across the country, particularly among urban and affluent households. With
increasing disposable incomes, changing lifestyles, and a growing emotional
connection to pets, families are now treating companion animals as integral
members, driving a surge in demand for advanced veterinary care and
diagnostics. The influence of urbanization has also contributed to the
preference for pets like dogs, cats, and exotic animals, which are now seen as
symbols of comfort and companionship.
Additionally, the growing awareness about pet health
and well-being is leading to higher spending on preventive healthcare measures,
including regular veterinary check-ups and diagnostic tests. Pet owners are increasingly
seeking early detection of illnesses, improved vaccination protocols, and
tailored treatments, boosting the adoption of advanced diagnostic tools. The
rise of pet health insurance further supports this trend by making veterinary
services more affordable for many households.
Disease
Type Insights
Based on Disease Type, Oncology have
emerged as the fastest growing segment in the India Veterinary Diagnostics
Market during the forecast period. This growth is driven by increasing awareness among
pet owners about the importance of early cancer detection and treatment,
alongside advancements in diagnostic technologies that facilitate precise
identification of cancer in animals. As the population of companion animals
grows and pet owners adopt a more humanized approach to pet care, there is a
rising demand for specialized diagnostics, including imaging techniques like CT
scans and biopsies, to detect tumors at an early stage.
Moreover, the prevalence of cancer in pets,
particularly in older animals, has increased, leading to a heightened focus on
veterinary oncology. Conditions such as lymphoma, mast cell tumors, and
osteosarcomas are being diagnosed more frequently due to improved diagnostic
capabilities. The growing availability of veterinary oncology expertise and
advanced treatment options further underscores the emphasis on addressing
cancer in animals, contributing to the rapid growth of this segment within the
veterinary diagnostics market.
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Regional Insights
Based on Region, South India have
emerged as the dominating region in the India Veterinary Diagnostics Market in
2024. This is due to several key factors. The region boasts a well-developed
veterinary healthcare infrastructure, with a higher concentration of veterinary
clinics, diagnostic laboratories, and skilled professionals compared to other
parts of the country. This robust infrastructure ensures greater accessibility
to advanced diagnostic services for both companion animals and livestock.
The region's significant livestock population,
particularly in states like Tamil Nadu, Karnataka, Andhra Pradesh, and
Telangana, also contributes to its dominance. South India is a hub for dairy
and poultry farming, two sectors that heavily rely on veterinary diagnostics
for disease prevention and productivity enhancement. The high awareness levels
among farmers in these states about the importance of regular veterinary care
and diagnostics further drive demand in the region.
Additionally, the rising trend of pet
ownership in urban areas of South India, such as Bengaluru, Chennai, and
Hyderabad, has fueled the growth of the companion animal diagnostics segment.
Pet owners in these cities are more inclined to invest in the health and
well-being of their pets, leading to increased demand for advanced diagnostic
tools and services.
Recent Development
- In December 2024, DCC Animal Hospital, a
globally acclaimed chain of veterinary centers, opened its first
state-of-the-art facility in Jaipur on December 1. Located at FS-6, Gayatri
Nagar, Durgapura, the hospital adheres to global Japanese standards, offering
cutting-edge pet healthcare. This launch brings advanced veterinary services to
Jaipur, revolutionizing pet care in the region.
- In November 2024, The West Bengal
Livestock Development Corporation (WBLDC) launched a diagnostic service for
pets, focusing on dogs and cats, in Kolkata and suburbs. Managed by CLART at
Kalyani, this state-run initiative offers advanced diagnostic tests to ensure
accurate diagnosis and effective treatment, enhancing veterinary healthcare
accessibility for pet owners.
- In March 2024, Tata Trusts inaugurated
India’s first state-of-the-art Small Animal Hospital in Mahalaxmi, Mumbai. The
hospital, a pioneering initiative, is designed to offer advanced healthcare
services for small animals, including pets, with cutting-edge diagnostic and
treatment facilities. This milestone project underscores Tata Trusts’
commitment to enhancing veterinary care standards in the country. The hospital
aims to cater to the growing demand for specialized pet healthcare in urban
areas, marking a significant advancement in India’s veterinary sector.
- In January 2024, ENTOD Pharmaceuticals
has unveiled "FUR by ENTOD (Veterinary)," a specialized division
focused on innovative Eye and Ear Care medicines for pets. This initiative aims
to address the rising need for advanced pet healthcare solutions, particularly
for treating ocular and auditory conditions in animals. With its commitment to
quality and innovation, ENTOD Pharmaceuticals seeks to enhance the well-being
of pets while setting new standards in veterinary medicine. The launch highlights
the growing emphasis on pet healthcare in Maharashtra.
Key Market Players
- Embark
India
- IDEXX
Laboratories, Inc.
- Zoetis
India Limited
- Thermo
Fisher Scientific Inc.
- bioMérieux
- Bio-Rad
laboratories India Pvt.Ltd
- FUJIFILM
India Private Limited
- Virbac
Animal Health India Private Limited
- BioNote,
Inc.
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By Product
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By Technology
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By Animal Type
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By Disease Type
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By End User
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By Region
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|
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- Clinical Biochemistry
- Molecular Diagnostics
- Hematology
- Urinalysis
- Immunodiagnostics
- Others
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- Companion Animals
- Livestock
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- Infectious Disease
- Endocrinology
- Oncology
- Cardiology
- Others
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- Veterinary Reference Laboratories
- Veterinary Hospitals & Clinics
- Point-of-care/ In-house Testing
- Veterinary Research Institutes & Universities
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- East India
- West India
- North India
- South India
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Report Scope
In this report, the India Veterinary Diagnostics
Market has been segmented into the following categories, in addition to the
industry trends which have also been detailed below:
- India Veterinary Diagnostics
Market, By
Product:
o Consumables
o Instruments
- India Veterinary Diagnostics
Market, By
Technology:
o Clinical Biochemistry
o Molecular Diagnostics
o Hematology
o Urinalysis
o Immunodiagnostics
o Others
- India Veterinary Diagnostics
Market, By
Animal Type:
o Companion Animals
o Livestock
- India Veterinary Diagnostics
Market, By
Disease Type:
o Infectious Disease
o Endocrinology
o Oncology
o Cardiology
o Others
- India Veterinary Diagnostics
Market, By
End User:
o Veterinary Reference Laboratories
o Veterinary Hospitals & Clinics
o Point-of-care/ In-house Testing
o Veterinary Research Institutes & Universities
- India Veterinary Diagnostics
Market, By Region:
o East India
o West India
o North India
o South India
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the India Veterinary Diagnostics Market.
Available Customizations:
India Veterinary Diagnostics 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).
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