Latest Market Research Report 2025

  Veterinary Diagnostics Market Growth & Trends According to a recent report by Grand View Research, Inc., the global  veterinary diagnostics market  is projected to reach a total value of USD 19.00 billion by 2030, growing at a compound annual growth rate (CAGR) of 10.04% from 2025 to 2030. This robust market expansion is primarily driven by a combination of factors, including increased initiatives by key industry players, a rise in veterinary visits, higher spending on animal healthcare, growing disease prevalence among animals, and the escalating demand for safe and sustainable food sources derived from animals. Prominent companies in the market are contributing significantly to growth by expanding product portfolios and investing in innovation. For example, BioChek, a subsidiary of Hygiena Company, offers a comprehensive selection of veterinary diagnostic products. These include ELISA test kits designed specifically for poultry and swine, as well as high-quality P...

The global veterinary diagnostics market was valued at USD 9.29 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 10.02% from 2024 to 2030. Several factors are driving this growth, including an increased focus on animal health, a rising incidence of diseases in animals, technological advancements in diagnostic tools, and a general trend toward higher levels of medicalization in veterinary care. Key Drivers of Market Growth Increased Expenditure on Animal Health  As pet ownership continues to rise, particularly in developed markets, the expenditure on animal healthcare is also increasing. Pet owners are more willing to invest in their pets' well-being, demanding higher-quality veterinary care, including advanced diagnostic services. Additionally, as livestock farming becomes more industrialized, the demand for efficient and accurate diagnostics in veterinary practices is also expanding. Rising Incidence of Animal Diseases  The increasing incide...

The  global veterinary diagnostics market   was estimated at   USD 9.29 billion in 2023   and is projected to experience significant growth, with a compound annual growth rate (CAGR) of   10.02% from 2024 to 2030 . Several critical factors are driving this market expansion, including an increase in expenditure on animal health, a rising incidence of diseases in animals, advancements in diagnostic technologies, and an increasing rate of medicalization among pets and livestock. In November 2023,  IDEXX  made a noteworthy advancement in the market by launching the  SNAP Leish 4Dx Test  in Europe and Asia, specifically designed for screening vector-borne diseases like canine leishmaniosis. This new product launch not only expands IDEXX's portfolio but also highlights the ongoing innovation within the veterinary diagnostics field. Continuous advancements in various diagnostic technologies—including  molecular diagnostics ,  imaging modal...

  The global   veterinary diagnostics market   was valued at USD 9.29 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 10.02% from 2024 to 2030. Several factors are driving this growth, including increased spending on animal healthcare, a rising incidence of diseases in animals, advancements in diagnostic technologies, and a higher rate of medicalization in veterinary care. For example, in November 2023,   IDEXX   launched the   SNAP Leish 4Dx Test   in Europe and Asia, aimed at screening for vector-borne diseases like canine leishmaniosis. This launch expanded the company's diagnostic portfolio, reflecting how continuous innovations are bolstering the market. The ongoing advancements in veterinary diagnostic technologies, such as  molecular diagnostics, imaging modalities,  and  point-of-care (PoC) testing,  have substantially enhanced the ability to diagnose a wide range of animal diseases. These...

  Veterinary Diagnostics Industry Overview The global  veterinary diagnostics market  size is expected to reach USD 16.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.2% from 2022 to 2030. The growing incidence of zoonotic and foodborne diseases is expected to drive the market over the forecast period. Moreover, increasing companion ownership in developing countries is another factor propelling the market. Approximately 75% of all novel and emerging human infectious ailments are zoonotic, like COVID-19, denoting that they can jump from animals to individuals. To combat COVID-19 and future pandemics, leaders from the Group of Seven in a February 2021 statement called for “affordable and equitable access to diagnostics” along with strengthening the One Health approach that unites veterinary, medical, and environmental disciplines in a cooperative effort.   Veterinary Diagnostics Market Segmen...