Veterinary Diagnostics Market 2022 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

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The global veterinary diagnostics market is expected to witness growth at a CAGR of 10.0% from 2021 to 2030. According to the World Organization for Animal Health, as of 2020, there exist around 117 animal infections, diseases, and infestations. Veterinary diagnostics refers to medical diagnostic testing of diseases in animals caused due to a variety of microorganisms, including viruses, bacteria, pathogens, and fungi, among others, using various tests and tools. The tests are conducted by analyzing the samples of tissues, blood and feces of companion and livestock animals.



Factors such as the burgeoning prevalence of zoonotic & infectious diseases across the globe; the rising animal health expenditure and the number of veterinary practitioners across different regions; the surging companion and livestock animal population; the growing demand and consumption of animal-derived food products; the escalating awareness towards animal health and the increasing advancements in diagnostics coupled with the rising acceptance of advanced techniques for diagnosis & treatment of animals in the majority of the laboratories are primarily driving the growth of the global veterinary diagnostics market. Moreover, the increasing focus of governments on developing state-of-the-art veterinary hospitals and healthcare centers is also effectively aiding in boosting the growth of the market.


The demand for point-of-care diagnostics is rapidly surging all across the globe as it provides convenience for the animals and their caretakers by delivering faster results for clinical tests and because it can be directly assessed to save time. In 2019, there were around 26,000 veterinary hospitals and clinics in the U.S., according to AVMA, out of which, more than 80% of them offered point-of-care testing. Idexx Laboratories in Jan 2020, launched new updates for SediVue Dx Urine Sediment Analyzer, Catalyst Dx, and Catalyst One chemistry analyzers to enhance its product portfolio. Thus, the increasing demand and application of point of care treatments for animals is expected to create ample growth opportunities for the global veterinary diagnostics market during the forecast period.


Furthermore, other factors such as the increasing technological advancements in veterinary diagnostics instruments and procedures; the surging disposable income levels of people across the emerging regions; the rising demand for pet insurance; the increasing number of in-clinic diagnostic procedures; the massive shift towards advanced test techniques which are quick and efficient in producing results and the increasing focus of market players on the development of innovative and cost-effective animal diagnostic services are anticipated to further augment the growth of the global veterinary diagnostics market during the forecast period.


However, the high cost associated with advanced diagnostic tests for animals coupled with the increasing pet-care costs and the dearth of skilled veterinarians & diagnostic infrastructures in developing countries are factors expected to hinder the growth of the veterinary diagnostics market to a certain extent during the forecast period.



By Product Type

·         Instruments

·         Consumables

By Animal Type

·         Companion Animals

o    Cats

o    Dogs

o    Horses

o    Other Companion Animals

·         Livestock

o    Cattle

o    Pigs

o    Poultry

o    Other Livestock


By Technology

·         Immunodiagnostics

o    Lateral Flow Assays

o    ELISA Tests

o    Allergen-specific Immunodiagnostic Tests

o    Immunoassay Analyzers

o    Other Immunodiagnostic Products

·         Clinical Biochemistry

o    Clinical Chemistry Analysis

o    Glucose Monitoring

o    Blood Gas & Electrolyte Analysis

·         Molecular Diagnostics

o    Polymerase Chain Reaction (PCR) Tests

o    Microarrays

o    Other Molecular Diagnostic Products

·         Hematology

o    Hematology Cartridges

o    Hematology Analyzers

·         Urinalysis

o    Urinalysis Clips & Cartridges/Panels

o    Urine Analyzers

o    Urine Test Strips

·         Other Veterinary Diagnostic Technologies


By Region

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa


Based on product type, the consumables segment led the global veterinary diagnostics market by acquiring a market share of over 53.0% in 2020. The segment is anticipated to retain its lead in the market over the forecast period owing to the growing demand for consumables from veterinary clinics, hospitals, and labs all around the globe. The rate of usage and consumption of consumables in diagnosis is witnessing a tremendous rise due to the proliferating awareness regarding zoonotic diseases and the increasing adoption of pets coupled with the growing concerns for their health among their owners.

Based on animal type, the companion animals segment led the global veterinary diagnostics market by capturing over 62.0% market share in 2020. The segment is expected to retain its lead in the market over the forecast period of 2021-2030. Factors such as the increasing population of pets and their usage for companionships, the escalating surging demand for pet care products, the rising animal healthcare spending and the surging prevalence of diabetes, obesity, cancer, and other major diseases among animals can be majorly attributed to the segment’s growth.

Based on technology, the molecular diagnostics segment captured the largest share of the global veterinary diagnostics in 2020. The segment is expected to further continue with the trend and experience robust growth in the forthcoming years. The soaring application of molecular diagnostics in research purpose and for the detection of veterinary pathogens and the modifications in various molecular diagnostic tests, including PCR, are the predominant factors fueling the segment's growth.



The North American region held the largest share in the global veterinary diagnostics market in 2020, followed by Europe, with further estimations of the region’s position remaining unchanged over the forecast period. The growth of the market in the region can be attributed the high product acceptance to curb the burden of diseases, the availability of technologically advanced veterinary reference laboratories, the burgeoning number of people adopting pets in the U.S. and Canada, the rapidly increasing veterinary healthcare expenditure, the presence of world-class veterinary diagnostics infrastructure and healthcare programs, the escalating number of initiatives to promote animal health, and the soaring meat and dairy product consumption in the region. Moreover, the surging emphasis of associations on raising awareness regarding health insurance coverage for pets coupled with the growing measures undertaken by the animal welfare organizations in case of an emergency or sudden disease outbreak in the region is also acting as a major factor driving the growth of the market in the region. The U.S. and Canada are the major contributors to the growth of the market in the region.


The European region accounted for the second-largest share in the global veterinary diagnostics market in 2020. The region is predicted to further witness substantial growth in the market during the forecast period. Factors attributed to the growth in the region include the increasing number of pets, the presence of favorable government initiatives, the burgeoning incidence of several zoonotic diseases, and the growing number of animal welfare initiatives in the region. The major contributor to the growth of the market in the region is Germany.


The Asia Pacific region is projected to emerge as the fastest-growing regional market for Veterinary Diagnostics over the forecast period of 2021-2030. The growth of the market in Asia Pacific can be attributed to factors such as the rapidly expanding veterinary diagnostics infrastructure, the increasing demand for animal proteins, the growing middle-class households and disposable incomes, and the rising awareness on animal healthcare in emerging nations such as India and China. Moreover, the increasing acceptance of pet animals is also a major factor significantly contributing to the growth of the market in the region. The major contributors to the growth of the market in the region include India and China.



·         Thermo Fisher Scientific Inc.

·         Zoetis Inc.

·         IDEXX Laboratories Inc.

·         NEOGEN Corporation

·         Bio-Rad Laboratories Inc.

·         bioMérieux SA

·         Virbac

·         Heska Corporation

·         Agrolabo S.p.A.


·         Randox Laboratories Ltd.

·         IDvet

·         Biopanda Reagents

·         Precision Biosensor Inc.

·         Covetrus

·         iM3Vet Pty Ltd.

·         Intervet Inc.

·         QIAGEN

·         Other Players

Frequently Asked Questions (FAQ)

The market is anticipated to grow at a CAGR of 4.3% during forecast period.

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