Global Veterinary Diagnostics Market Size, Trends, and Growth Opportunity, By Product (Consumables, Reagents & Kits, Instruments & Devices), By Species (Cattle, Canine, Feline, Caprine, Equine, Ovine, Porcine, Avian, Others), By Disease (Infectious Diseases, Non-Infectious Diseases, Hereditary, Congenital and Acquired Diseases, General Ailments, Structural, and Functional Diseases), By Testing Type (Analytical Services, Diagnostic Imaging, Bacteriology, Pathology, Molecular Diagnostics, Immunoassays, Parasitology, Serology, Virology), By End-use (Laboratories, Veterinary Hospitals and Clinics, Point-Of-Care/In-House Testing, Research Institutes, and Universities), By Region and forecast till 2027.
Global Veterinary Diagnostics Market
The Global Veterinary Diagnostics market was valued at USD 6.62 billion in 2021 and is expected to expand USD 14.9 billion at a CAGR of 15.17% during the forecast period 2022- 2027.
Veterinary diagnostics is the tool utilized in the diagnosis of animal diseases caused by microorganisms, including viruses, fungi, bacteria, and pathogens, among others. They detect disease, check the presence of disease-causing agents, monitor disease progression, and provide optimal therapeutics.
Market Drivers
Increased animal healthcare expenditure and rising incidence of zoonotic diseases & a growing number of veterinary practitioners along with increasing demand for animal-derived food products act as a major factors driving the market.
Rising technological advancement in veterinary diagnostics and growing acceptance of innovative techniques in most laboratories and rising people's awareness propelling the market growth.
Market Restraints
The high cost associated with animal diagnostics hinders the growth of the market. Additionally, lack of veterinary practitioners anticipated the growth of the veterinary diagnostics market.
COVID-19 Impact on Global Veterinary Diagnostics Market
An outbreak of covid-19 adversely impacted the market as a lockdown is imposed by the government and strict regulations decrease veterinary visits. Essential pet services by veterinarians driven the market during a pandemic.
Impact of Russia Ukraine War on the Market
The conflict between Russia and Ukraine can have both direct and indirect impacts on the veterinary diagnostics market:
Disruptions in the supply chain: Many veterinary diagnostics manufacturers source components from Russia and Ukraine. The war may cause supply chain disruptions and delays, affecting veterinary diagnostics production and delivery.
Economic sanctions: Economic sanctions imposed on Russia may have an impact on the overall economy, as well as the demand for veterinary diagnostics in the region.
Market Segmentation
The Global Veterinary Diagnostics Market is segmented on the basis of Product, Species, Disease Type, Testing Type, End-Use, and Region. On the basis of Product, it is segmented into Consumables, Reagents & Kits, and Instruments & Devices. On the basis of Species, it is segmented into Cattle, Canine, Feline, Caprine, Equine, Ovine, Porcine, Avian, and Others. On the basis of disease, it is segmented into Infectious Diseases, Non-Infectious Diseases, Hereditary, Congenital and Acquired Diseases, General Ailments, and Structural and Functional Diseases. On the basis of testing type, it is segmented into Analytical Services, Diagnostic Imaging, Bacteriology, Pathology, Molecular Diagnostics, Immunoassays, Parasitology, Serology, and Virology. On the basis of end-use, it is segmented into Laboratories, Veterinary Hospitals and Clinics, Point-Of-Care/In-House Testing, Research Institutes, and Universities. On the basis of Region, it is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Regional Analysis
The Global Veterinary Diagnostics market is segmented into five regions North America, Europe, Asia Pacific, Latin America, and MEA. North America dominates the market due to rising healthcare programs in this region. Asia-Pacific also witnessed a significant rise in the Veterinary Diagnostics market during the forecast period of 2022 to 2027 due to the acceptance of pet animals.
Key Players
Various key players are listed in this report such as Zoetis, Heska Corp, IDEXX Laboratories Inc, Agrolabo S.p.A, IDvet, Virbac, Thermo Fisher Scientific Inc, Neogen Corp, Covetrus, iM3Vet Pty Ltd.
Market Taxonomy
By Product
• Consumables
• Reagents & Kits
• Instruments & Devices
By Species
• Cattle
• Canine
• Feline
• Caprine
• Equine
• Ovine
• Porcine
• Avian
• Others
By Disease
• Infectious Diseases
• Non-Infectious Diseases
• Hereditary
• Congenital and Acquired Diseases
• General Ailments
• Structural and Functional Diseases
By Testing Type
• Analytical Services
• Diagnostic Imaging
• Bacteriology
• Pathology
• Molecular Diagnostics
• Immunoassays
• Parasitology
• Serology
• Virology
By End-Use
• Laboratories
• Veterinary Hospitals and Clinics
• Point-Of-Care/In-House Testing
• Research Institutes and Universities
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Key Question Addressed by the Report
• What are the Key Opportunities in Global Veterinary Diagnostics Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Veterinary Diagnostics Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Veterinary Diagnostics Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Veterinary Diagnostics Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Veterinary Diagnostics Market Share Analysis, By Product
5.3 Global Veterinary Diagnostics Market Size and Forecast, By Product
5.3.1 Consumables
5.3.2 Reagents & Kits
5.3.3 Instruments & Devices
6 Global Veterinary Diagnostics Market, By Species
6.1 Y-o-Y Growth Comparison, By Species
6.2 Global Veterinary Diagnostics Market Share Analysis, By Species
6.3 Global Veterinary Diagnostics Market Size and Forecast, By Species
6.3.1 Cattle
6.3.2 Canine
6.3.3 Feline
6.3.4 Caprine
6.3.5 Equine
6.3.6 Ovine
6.3.7 Porcine
6.3.8 Avian
6.3.9 Others
7 Global Veterinary Diagnostics Market, By Disease
7.1 Y-o-Y Growth Comparison, By Disease
7.2 Global Veterinary Diagnostics Market Share Analysis, By Disease
7.3 Global Veterinary Diagnostics Market Size and Forecast, By Disease
7.3.1 Infectious Diseases
7.3.2 Non-Infectious Diseases
7.3.3 Hereditary
7.3.4 Congenital and Acquired Diseases
7.3.5 General Ailments
7.3.6 Structural and Functional Diseases
8 Global Veterinary Diagnostics Market, By Testing Type
8.1 Y-o-Y Growth Comparison, By Testing Type
8.2 Global Veterinary Diagnostics Market Share Analysis, By Testing Type
8.3 Global Veterinary Diagnostics Market Size and Forecast, By Testing Type
8.3.1 Analytical Services
8.3.2 Diagnostic Imaging
8.3.3 Bacteriology
8.3.4 Pathology
8.3.5 Molecular Diagnostics
8.3.6 Immunoassays
8.3.7 Parasitology
8.3.8 Serology
8.3.9 Virology
9 Global Veterinary Diagnostics Market, By End-Use
9.1 Y-o-Y Growth Comparison, By End-Use
9.2 Global Veterinary Diagnostics Market Share Analysis, By End-Use
9.3 Global Veterinary Diagnostics Market Size and Forecast, By End-Use
9.3.1 Laboratories
9.3.2 Veterinary Hospitals and Clinics
9.3.3 Point-Of-Care/In-House Testing
9.3.4 Research Institutes and Universities
10 Global Veterinary Diagnostics Market, By Region
10.1 Global Veterinary Diagnostics Market Share Analysis, By Region
10.2 Global Veterinary Diagnostics Market Share Analysis, By Region
10.3 Global Veterinary Diagnostics Market Size and Forecast, By Region
11 North America Veterinary Diagnostics Analysis and Forecast (2022 –
2027)
11.1 Introduction
11.2 North America Veterinary Diagnostics Market Share Analysis, By Product
11.3 North America Veterinary Diagnostics Market Size and Forecast, By Species
11.4 North America Veterinary Diagnostics Market Size and Forecast, By Disease
11.5 North America Veterinary Diagnostics Market Size and Forecast, By Testing Type
11.5 North America Veterinary Diagnostics Market Size and Forecast, By End-Use
11.6 North America Veterinary Diagnostics Market Size and Forecast, By Country
11.6.1 U.S.
11.6.2 Canada
11.6.3 Mexico
12 Europe Veterinary Diagnostics Market Analysis and Forecast (2022 –
2027)
12.1 Introduction
12.2 Europe Veterinary Diagnostics Market Share Analysis, By Product
12.3 Europe Veterinary Diagnostics Market Size and Forecast, By Species
12.4 Europe Veterinary Diagnostics Market Size and Forecast, By Disease
12.5 Europe Veterinary Diagnostics Market Size and Forecast, By Testing Type
12.6 Europe Veterinary Diagnostics Market Size and Forecast, By End-Use
12.7. Europe Veterinary Diagnostics Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4. Rest of Europe
13 Asia Pacific Veterinary Diagnostics Market Analysis and Forecast (2022 –2027)
13.1 Introduction
13.2 Asia Pacific Veterinary Diagnostics Market Share Analysis, By Product
13.3 Asia Pacific Veterinary Diagnostics Market Size and Forecast, By Species
13.4 Asia Pacific Veterinary Diagnostics Market Size and Forecast, By Disease
13.5 Asia Pacific Veterinary Diagnostics Market Size and Forecast, By Testing Type
13.6 Asia Pacific Veterinary Diagnostics Market Size and Forecast, By End-Use
13.7 Asia Pacific Veterinary Diagnostics Market Size and Forecast, By Country
13.7.1 China
13.7.2 Japan
13.7.3 India
13.7.4. Rest of Asia Pacific
14 Latin America Veterinary Diagnostics Market Analysis and Forecast (2022 – 2027)
14.1 Introduction
14.2 Latin America Veterinary Diagnostics Market Share Analysis, By Product
14.3 Latin America Veterinary Diagnostics Market Size and Forecast, By Species
14.4 Latin America Veterinary Diagnostics Market Size and Forecast, By Disease
14.5 Latin America Veterinary Diagnostics Market Size and Forecast, By Testing Type
14.6 Latin America Veterinary Diagnostics Market Size and Forecast, By End-Use
14.7 Latin America Veterinary Diagnostics Market Size and Forecast, By Country
14.7.1. Brazil
14.7.2. Rest of Latin America
15 Middle East Veterinary Diagnostics Market Analysis and Forecast (2022 – 2027)
15.1 Introduction
15.2 Middle East Veterinary Diagnostics Market Share Analysis, By Product
15.3 Middle East Veterinary Diagnostics Market Size and Forecast, By Species
15.4 Middle East Veterinary Diagnostics Market Size and Forecast, By Disease
15.5 Middle East Veterinary Diagnostics Market Size and Forecast, By Testing Type
15.6 Middle East Veterinary Diagnostics Market Size and Forecast, By End-Use
15.7 Middle East Veterinary Diagnostics Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.3. Egypt
15.7.4 Kuwait
15.7.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1 Zoetis
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 Heska Corp
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 IDEXX Laboratories Inc
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Agrolabo S.p.A
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 IDvet
17.5.1 Overview
17.5.2 Offerings
