Global Animal Diagnostics Market By Overview
Animal diagnosis is the field of study in which it accounts with the diagnosis of different diseases of animal infected through various factors (external and internal), specifically due to microorganisms such as bacteria, viruses and fungi. Animal disease diagnosis act as bridge between the cause and cure of any disease, and therefore plays an important role in disease management and prevention. A small outcome of disease can impose threat to entire animal community. Some of the veterinarians incorporate these diagnostic tools into animals to detect the disease, monitor the disease progression as well as to identify the disease-causing agent in healthy animals. The animal diagnostic kits used in the identification of disease-causing agents are acknowledged under veterinary biologics by the United States Department of Agriculture- Animal and Plant Health Inspection Service (USDA-APHIS). It is regulated by the USDA’s Centre for Veterinary Biologics (USDA-CVB). The long procedure for the approval may create a burden on market players as well as there may be delay in launching the new product in the market. The Animal Diagnostics Market accounted for US$ 4.76 billion in 2020 and is estimated to be US$ 10.78 billion by 2030 and is anticipated to register a CAGR of 8.2%.
Global Animal Diagnostics Market By Dynamics
Driver: Growth in the companion animal population
An uprise in the overall companion animal population and adoption rate has been visualized across the globe. According to the several publications, having a companion animal has several health benefits, such as reduced cardiac arrhythmias, normalizing of blood pressure, decreased anxiety, greater psychological stability, and improved well-being. The rise in pet population is predicted to drive the demand related pet care products and services, which in turn, will provide the growth of dependent industries such as veterinary diagnostics. The income spent on pet healthcare is expected to promote the industry progression.
Restraint: Rising pet care costs
The insurance market of pet is rising day-by-day, but still there is a pitfall in treatment of animals. As a result, majority of animal owners generally bear some of the costs of treatment. As the cost of insurance increases, the cost of veterinary treatment also rises. Additionally, the lower revenue in these professions compared to high profiled degree professions, might put a pressure on veterinary professionals to increase their fees. High pet care costs directly had a negative impose on the growth of this market.
Global Animal Diagnostics Market By Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global animal diagnostics market is segmented based on type, application, and region.
On the basis of type, market is sub-segmented into farm animals and companion animals. Based on the application, market is sub-segmented immunodiagnostics, clinical biochemistry, hematology, molecular diagnostics , and urinalysis. On the basis of region, market is sub-segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Insights:
The global animal diagnostics market accounted for US$ 4.76 billion in 2020 and is estimated to be US$ 10.78 billion by 2030 and is anticipated to register a CAGR of 8.2%. On region the global animal diagnostics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America animal diagnostics market is estimated to dominate the market during the forecast year, this can be achieved by multiple factors such as high pet population, increasing use of pet care insurance services and accessibility to highly technological veterinary care products. Germany being one of the dominating countries in terms of animal welfare initiatives and the government has imposed several rules and regulations to boost its animal welfare such as the German Animal Welfare Law.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Type- Farm Animals and Companion Animals By Application– Immunodiagnostics, Clinical Biochemistry, Hematology, Molecular Diagnostics and Urinalysis By Region– North America, Europe, Asia Pacific, Latin America and Middle East & Africa |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global animal diagnostics market report based on type, application, and region.
Global Animal Diagnostics Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Animal Diagnostics Market, By Region:
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-
- North America
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- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Animal Diagnostics Market By Key Players
The key players operating in the global animal diagnostics market includes Thermo Fisher Scientific, IDEXX Laboratories, Inc., Heska Corporation, Neogen Chemicals, Randox Laboratories, Qiagen, Virbac, Bio-Rad Laboratories Inc., Indicial Bioscience, Bio panda Reagents. For instance, in November 2021, FUJIFILM Europe aims on expanding its veterinary diagnostic customer portfolio with some of its products and services. In March 2021, Zomedica Corp., produces diagnostics products for cats and dogs. These prominent participants focus on building strong partnerships, new product launch and its commercialization for the expansion of this industry. Furthermore, these market players are investing heavily in research to launch advance products and maximize their revenue
Global Animal Diagnostics Market By Company Profile
- Thermo Fisher Scientific, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- IDEXX Laboratories Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Heska Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Neogen Chemicals Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Randox Laboratories
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Qiagen
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Virbac
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bio – Rad Laboratories Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Indicial Biosciences
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Biopanda Reagents
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
“*” marked represents similar segmentation in other categories in the respective section
Global Animal Diagnostics Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Animal Diagnostics Market, By Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Farm Animals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Companion Animals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Animal Diagnostics Market, By Application, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Immunodiagnostics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Clinical Biochemistry
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Haematology
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Molecular Diagnostics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Urinalysis
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Animal Diagnostics Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Overview
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Thermo Fisher Scientific, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- IDEXX Laboratories Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Heska Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Neogen Chemicals Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Randox Laboratories
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Qiagen
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Virbac
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bio – Rad Laboratories Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Indicial Biosciences
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Biopanda Reagents
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global animal diagnostics market is segmented based on type, application, and region.
Rising companion animal population is the major factor driving growth of the global market.
North America is dominating the whole market during the forecast year. Germany being one of the dominating countries in terms of animal welfare initiatives.
Thermo Fisher Scientific, IDEXX Laboratories, Inc., Heska Corporation, Neogen Chemicals Randox Laboratories, Qiagen, Virbac, Bio-Rad Laboratories Inc., Indicial Bioscience, Bio panda Reagents.