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The Global Veterinary Infectious Disease Diagnostics Market Size is valued at USD 2.06 billion in 2023 and is predicted to reach USD 3.95 billion by the year 2031 at an 8.69% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
Tests that assist in determining and identifying various animal illnesses are known as veterinary infectious disease diagnostics. These treatments are carried out using different techniques using tissue, excrement, and patient blood samples. Some of the factors that have led to the growth of this business include the prevalence of zoonotic diseases, the price of animal health, the number of veterinarians, the development of point-of-care diagnostics, and the level of discretionary money in emerging nations.
Veterinary infectious illnesses are the major sickness category in terms of market size. Animal diagnosis has a positive outlook, which promotes an increase in the species' population. The increasing prevalence of companion animals in households and farms will result in favourable market growth for the forecast period. Expanding research collaborations, growing research facilities, and growing direct and indirect research investments will increase the demand for the product.
The demand for pet insurance is rising, there is an increase in the number of companion animals, and there is an increase in the number of modern diagnostic tools for animals; as more companion animals contract various infectious diseases, the veterinary infectious disease diagnostics market is expanding. The development of the veterinary infectious disease diagnostics industry is, however, constrained by a need for more knowledge regarding using these instruments in less developed nations. The veterinary contagious disease diagnostics market will expand during the forecast mentioned above due to rising applications from emerging economies and increasing vegan trends, which will also present enormous opportunities.
The veterinary infectious disease diagnostics market is divided into technology, animal type, and end-use. Based on technology, the veterinary infectious disease diagnostics market is segmented into immunodiagnostics (lateral flow assays, elisa tests, other immunodiagnostics products), molecular diagnostic (polymerase chain reaction (PCR) tests, microarrays, other molecular diagnostic products) and other technologies. Based on animal type, the veterinary infectious disease diagnostics market is segmented into companion animals (cats, dogs, horses, other companion animals), companion animals by infection type (viral infections, bacterial infections, parasitic infections, other infections), food-producing animals (cattle, pigs, poultry, other food-producing animals) and food-producing animals, by infection type (viral infections, bacterial infections, parasitic infections, other infections). The veterinary infectious disease diagnostics market is divided into reference laboratories, veterinary hospitals and clinics, point-of-care/in-house testing, research institutes and universities.
The market's leading segment is immunoassays. The growing use of immunoassays in the diagnosis of infectious diseases, the creation of novel tests, the rising trend of automation, the rise in public awareness of fitness and health, and the decreased complications caused by the instruments are the fundamental causes of this market's domination. However, antibody and antigen detection by immunoassays is the primary method by which the infection is established in some infectious disorders, such as Lyme disease, cryptococcal meningitis, and syphilis. Immunoassays are increasingly available for point-of-care testing due to their simplicity, quick turnaround time, and generally excellent specificity. These elements will cause the market to see expansion throughout the anticipated timeframe.
Reference laboratories grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the anticipated time. The enormous number of samples from small and large animal practices sent to reference laboratories for analysis may cause a significant share of this end-user category. The healthcare sector's increased production of medical samples and developments in some medical specialties, including hematology and serology, is anticipated to be the primary growth drivers for the clinical reference laboratory services market. Another significant growth driver for the clinical reference laboratory services has been the research and advanced studies carried out in cytogenetics, tumors, and human genomes, all of which are fundamental components of the broader microbiology field.
The North American veterinary infectious disease diagnostics market is expected to register the highest market share. The cost increase demonstrates owners' desire to take their pets for diagnostic tests. These elements will cause the market to expand significantly in the future years. Due to the rapid adoption of pets, rising spending on animal health, the availability of advanced diagnostic technologies and favorable pet insurance coverage, the prevalence of major market players, and the rise in zoonotic diseases, the U.S. currently dominates the global market for veterinary infectious disease diagnostics. This trend is expected to continue during the forecast period. Besides, Asia pacific region is estimated to hold a significant market share. The region's market is expanding due to increasing zoonotic disease occurrences and rising demand for diagnostics for infectious diseases. Owners' desire to take their dogs for diagnostic tests is evident in the cost increase. The market will grow significantly in the coming years due to these factors. Additionally, the expansion of the regional market as a whole is being greatly aided by an increase in R&D activities and a good healthcare infrastructure.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 2.06 billion |
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Revenue Forecast In 2031 |
USD 3.95 billion |
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Growth Rate CAGR |
CAGR of 8.69% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ illion and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
Technology, Animal Type, End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
IDEXX Laboratories, Inc. (US), ZOetis, Inc. (US), Thermo Fisher Scientific, Inc. (US), Virbac (France), bioMerieux SA (France) Heska Corporation (US), Idvet (France), NEOGEN Corporation (US), QIAGEN N.V. (a part of INDICAL Biosicence) (Europe), Randoxz Laboratories Ltd. (UK), Agrolabo S.pA. (Italy), Bio-Rad Laboratories (US), Bionote, Inc. (South Korea), Biogal Galed Labs (Isreal), BioChek (Netherlands),(UK) Biopanda Regrants (UK), URIT Medical Electric Co.Ltd. (China), MEGACOR Diagnostik GmbH (Germany), Fassisi GmbH (Germany), Alvedia (France), SKYER, Inc. (South Korea), Shenzhen Bioeasy Biotechnology Co., Ltd. (China) , and Precision Biosensor (US). |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
By Technology
By Animal Type
By End User
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
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