Companion Animal Diagnostics Market Size, Share, Trends, Growth Outlook

Companion Animal Diagnostics Market is estimated to increase at a Compounded Annual Growth Rate of 7.7% CAGR over the forecast period from 2024 to 2030

The Companion Animal Diagnostics Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments- By Technology (Immunodiagnostics, Clinical Biochemistry, Hematology, Urinalysis, Molecular Diagnostics, Others), By Application (Clinical Pathology, Bacteriology, Virology, Parasitology, Others), By Animal (Dog, Cat, Horse, Others), By End-User (Diagnostics Laboratories, Veterinary Clinics, Hospitals, Research Institute, Others).

An Introduction to Companion Animal Diagnostics Market in 2024

Companion animal diagnostics refer to a range of tests and diagnostic procedures used to assess the health status, diagnose diseases, and monitor treatment responses in pets and companion animals. In 2024, companion animal diagnostics encompass various laboratory tests, imaging studies, and point-of-care devices designed for use in veterinary clinics, animal hospitals, and research laboratories. These diagnostics cover a wide range of conditions affecting companion animals, including infectious diseases, metabolic disorders, cancer, and degenerative conditions. Common diagnostic modalities include blood tests, urinalysis, imaging studies (such as X-rays and ultrasound), cytology, and molecular testing (such as PCR and ELISA). Companion animal diagnostics play a crucial role in guiding veterinary care decisions, optimizing treatment plans, and improving outcomes for pets and their owners. With advancements in technology, such as point-of-care testing devices and telemedicine platforms, companion animal diagnostics offer increased accessibility, efficiency, and accuracy, enabling veterinarians to deliver timely and personalized care to their patients. As the bond between humans and their pets continues to strengthen, companion animal diagnostics remain essential tools for ensuring the health and well-being of beloved pets and fostering the human-animal bond.

Market Trend: Adoption of Point-of-Care Testing Solutions

A significant trend in the companion animal diagnostics market is the increasing adoption of point-of-care testing solutions. Veterinarians and pet owners are seeking convenient and rapid diagnostic tools to support timely and accurate diagnosis of companion animal health conditions. Point-of-care testing solutions enable on-site testing without the need for sending samples to external laboratories, providing immediate results and facilitating prompt treatment decisions. These solutions range from handheld devices for blood analysis to portable imaging equipment for diagnostic imaging. As the demand for accessible and efficient veterinary diagnostics grows, the adoption of point-of-care testing solutions continues to rise, shaping the market landscape for companion animal diagnostics.

Market Driver: Growing Pet Ownership and Healthcare Spending

A key driver fueling the companion animal diagnostics market is the increasing pet ownership rates and healthcare spending on pets. Companion animals, including dogs, cats, and other pets, play integral roles in the lives of millions of families worldwide, driving demand for veterinary care and diagnostic services. With a growing emphasis on pet health and wellness, pet owners are increasingly investing in preventive healthcare measures, routine check-ups, and diagnostic testing for their beloved animals. Additionally, advancements in veterinary medicine, such as personalized treatment options and specialized care, contribute to higher healthcare spending per pet. The growing pet population and rising healthcare expenditures on companion animals drive the demand for companion animal diagnostics, supporting market growth and innovation in veterinary diagnostics technologies.

Market Opportunity: Development of Molecular Diagnostic Assays and Genetic Testing

An opportunity within the companion animal diagnostics market lies in the development of molecular diagnostic assays and genetic testing. Molecular diagnostics, including PCR-based tests and nucleic acid amplification assays, offer sensitive and specific detection of infectious diseases, genetic disorders, and cancer biomarkers in companion animals. Additionally, genetic testing enables the identification of inherited diseases, traits, and breed-specific predispositions, facilitating early intervention and personalized healthcare for pets. By investing in the development of molecular diagnostic assays and genetic testing panels tailored for companion animals, diagnostic companies can address unmet needs in veterinary diagnostics, provide valuable insights into pet health and disease risk, and capitalize on the growing Opportunity in molecular diagnostics for companion animals.

Companion Animal Diagnostics Market Share Analysis: Molecular Diagnostics is the fastest growing segment over the forecast period to 2030

In the Companion Animal Diagnostics Market, the Molecular Diagnostics segment emerges as the fastest-growing segment. This growth can be attributed to several key factors. Firstly, molecular diagnostics offer high sensitivity, specificity, and rapid turnaround times, making them invaluable tools for the detection and monitoring of various infectious diseases, genetic disorders, and cancer in companion animals. As the understanding of veterinary medicine advances and the demand for accurate diagnostic tools increases, molecular diagnostics are becoming increasingly indispensable in veterinary practice. Additionally, the rising prevalence of zoonotic diseases and the need for early detection and surveillance further drive the adoption of molecular diagnostic tests in companion animal healthcare. Moreover, the development of novel molecular diagnostic assays tailored for companion animal species and the availability of advanced molecular platforms have significantly expanded the capabilities of veterinary diagnostics, fueling the growth of this segment. With its ability to provide precise and actionable insights into the health status of companion animals, the Molecular Diagnostics segment is experiencing rapid growth and is poised to continue its expansion in the market.

Companion Animal Diagnostics Competitive Analysis

The market research study provides in-depth insights into leading companies including the SWOT analyses, product profile, financial details, and recent developments acrossbioMérieux SA, BioNote Inc, FUJIFILM Holdings Corp, Heska Corp, IDEXX Laboratories Inc, IDvet SAS, Indical Bioscience GmbH, Neogen Corp, Randox Laboratories Ltd, Shenzhen Mindray Bio-Medical Electronics Co. Ltd, Thermo Fisher Scientific Inc, Virbac SA, Zoetis Inc

Companion Animal Diagnostics Market Segmentation

By Technology
Immunodiagnostics
Clinical Biochemistry
Hematology
Urinalysis
Molecular Diagnostics
Others
By Application
Clinical Pathology
Bacteriology
Virology
Parasitology
Others
By Animal
Dog
Cat
Horse
Others
By End-User
Diagnostics Laboratories
Veterinary Clinics
Hospitals
Research Institute
Others
Geographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Companion Animal Diagnostics Market Companies

bioMérieux SA
BioNote Inc
FUJIFILM Holdings Corp
Heska Corp
IDEXX Laboratories Inc
IDvet SAS
Indical Bioscience GmbH
Neogen Corp
Randox Laboratories Ltd
Shenzhen Mindray Bio-Medical Electronics Co. Ltd
Thermo Fisher Scientific Inc
Virbac SA
Zoetis Inc

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• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 Introduction to 2024 Companion Animal Diagnostics Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Companion Animal Diagnostics Market Size Outlook, $ Million, 2021 to 2030
3.2 Companion Animal Diagnostics Market Outlook by Type, $ Million, 2021 to 2030
3.3 Companion Animal Diagnostics Market Outlook by Product, $ Million, 2021 to 2030
3.4 Companion Animal Diagnostics Market Outlook by Application, $ Million, 2021 to 2030
3.5 Companion Animal Diagnostics Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Companion Animal Diagnostics Industry
4.2 Key Market Trends in Companion Animal Diagnostics Industry
4.3 Potential Opportunities in Companion Animal Diagnostics Industry
4.4 Key Challenges in Companion Animal Diagnostics Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Companion Animal Diagnostics Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Companion Animal Diagnostics Market Outlook by Segments
7.1 Companion Animal Diagnostics Market Outlook by Segments, $ Million, 2021- 2030
By Technology
Immunodiagnostics
Clinical Biochemistry
Hematology
Urinalysis
Molecular Diagnostics
Others
By Application
Clinical Pathology
Bacteriology
Virology
Parasitology
Others
By Animal
Dog
Cat
Horse
Others
By End-User
Diagnostics Laboratories
Veterinary Clinics
Hospitals
Research Institute
Others

8 North America Companion Animal Diagnostics Market Analysis and Outlook To 2030
8.1 Introduction to North America Companion Animal Diagnostics Markets in 2024
8.2 North America Companion Animal Diagnostics Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Companion Animal Diagnostics Market size Outlook by Segments, 2021-2030
By Technology
Immunodiagnostics
Clinical Biochemistry
Hematology
Urinalysis
Molecular Diagnostics
Others
By Application
Clinical Pathology
Bacteriology
Virology
Parasitology
Others
By Animal
Dog
Cat
Horse
Others
By End-User
Diagnostics Laboratories
Veterinary Clinics
Hospitals
Research Institute
Others

9 Europe Companion Animal Diagnostics Market Analysis and Outlook To 2030
9.1 Introduction to Europe Companion Animal Diagnostics Markets in 2024
9.2 Europe Companion Animal Diagnostics Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Companion Animal Diagnostics Market Size Outlook by Segments, 2021-2030
By Technology
Immunodiagnostics
Clinical Biochemistry
Hematology
Urinalysis
Molecular Diagnostics
Others
By Application
Clinical Pathology
Bacteriology
Virology
Parasitology
Others
By Animal
Dog
Cat
Horse
Others
By End-User
Diagnostics Laboratories
Veterinary Clinics
Hospitals
Research Institute
Others

10 Asia Pacific Companion Animal Diagnostics Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Companion Animal Diagnostics Markets in 2024
10.2 Asia Pacific Companion Animal Diagnostics Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Companion Animal Diagnostics Market size Outlook by Segments, 2021-2030
By Technology
Immunodiagnostics
Clinical Biochemistry
Hematology
Urinalysis
Molecular Diagnostics
Others
By Application
Clinical Pathology
Bacteriology
Virology
Parasitology
Others
By Animal
Dog
Cat
Horse
Others
By End-User
Diagnostics Laboratories
Veterinary Clinics
Hospitals
Research Institute
Others

11 South America Companion Animal Diagnostics Market Analysis and Outlook To 2030
11.1 Introduction to South America Companion Animal Diagnostics Markets in 2024
11.2 South America Companion Animal Diagnostics Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Companion Animal Diagnostics Market size Outlook by Segments, 2021-2030
By Technology
Immunodiagnostics
Clinical Biochemistry
Hematology
Urinalysis
Molecular Diagnostics
Others
By Application
Clinical Pathology
Bacteriology
Virology
Parasitology
Others
By Animal
Dog
Cat
Horse
Others
By End-User
Diagnostics Laboratories
Veterinary Clinics
Hospitals
Research Institute
Others
12 Middle East and Africa Companion Animal Diagnostics Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Companion Animal Diagnostics Markets in 2024
12.2 Middle East and Africa Companion Animal Diagnostics Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Companion Animal Diagnostics Market size Outlook by Segments, 2021-2030
By Technology
Immunodiagnostics
Clinical Biochemistry
Hematology
Urinalysis
Molecular Diagnostics
Others
By Application
Clinical Pathology
Bacteriology
Virology
Parasitology
Others
By Animal
Dog
Cat
Horse
Others
By End-User
Diagnostics Laboratories
Veterinary Clinics
Hospitals
Research Institute
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
bioMérieux SA
BioNote Inc
FUJIFILM Holdings Corp
Heska Corp
IDEXX Laboratories Inc
IDvet SAS
Indical Bioscience GmbH
Neogen Corp
Randox Laboratories Ltd
Shenzhen Mindray Bio-Medical Electronics Co. Ltd
Thermo Fisher Scientific Inc
Virbac SA
Zoetis Inc

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Technology
Immunodiagnostics
Clinical Biochemistry
Hematology
Urinalysis
Molecular Diagnostics
Others
By Application
Clinical Pathology
Bacteriology
Virology
Parasitology
Others
By Animal
Dog
Cat
Horse
Others
By End-User
Diagnostics Laboratories
Veterinary Clinics
Hospitals
Research Institute
Others
Countries Analyzed
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)