The Companion Animal Diagnostic Services Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Companion Animal Diagnostic Services Market?
The market size of the Companion Animal Diagnostic Services Market has experienced substantial growth in recent years. It is projected to increase from $6.93 billion in 2024 to $7.53 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Companion Animal Diagnostic Services Industry?
The Companion Animal Diagnostic Services Market is projected to be worth $10.39 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.4%.
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What are the Key Growth Drivers Fueling the Companion Animal Diagnostic Services Market?
The key drivers in the companion animal diagnostic services market are:
• Growth in global pet population
• Expansion of telemedicine services for pets
• Increase in pet insurance adoption rates
• Enhancement of early disease detection measures
• Expansion of veterinary clinics and hospitals
Global Market Segmentation: Identifying Major Companion Animal Diagnostic Services Industry Segments
The companion animal diagnostic services market covered in this report is segmented –
1) By Type: Point-Of-Care (POC), Laboratory-Based
2) By Animal Type: Dogs, Cats, Horses, Other Animal Types
3) By Testing Category: Clinical Chemistry, Microbiology, Parasitology, Histopathology, Cytopathology, Hematology, Immunology And Serology, Imaging, Molecular Diagnostics, Other Testing Categories
Subsegments:
1) By Point-Of-Care (POC): Rapid Diagnostic Tests, Portable Diagnostic Devices, In-Clinic Testing Services, Blood Glucose Monitors
2) By Laboratory-Based: Clinical Pathology Services, Imaging Services, Histopathology And Cytology, Microbiology And Infectious Disease Testing, Genetic Testing Services
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What are the emerging Trends Shaping the Future of the Companion Animal Diagnostic Services Market?
The key trends in the companion animal diagnostic services market are:
• The integration of AI and machine learning is an emerging trend in the companion animal diagnostic services global market.
• There is a rise in the adoption of telemedicine to diagnose and treat companion animals.
• The development of advanced biomarkers and genetic testing is a key trend.
• Advancements in wearable health technology for companion animals and enhanced point-of-care diagnostic tools are other significant trends.
Who Are the Top Competitors & Leading Players in the Companion Animal Diagnostic Services Market?
Major players in the companion animal diagnostic services market are:
• Mars Incorporated
• Thermo Fisher Scientific Inc.
• Fujifilm Holdings Corporation
• Zoetis Services LLC
• Eurofins Scientific SE
• Patterson Companies Inc.
• Charles River Laboratories
• SYNLAB Group
• IDEXX Laboratories Inc.
• Independent Vetcare Limited
• Virbac SA
• CVS Group Plc
• Neogen Corporation
• Randox Laboratories Limited
• Greencross Vets
• Heska Corporation
• Abaxis Inc.
• Gribbles Veterinary Pathology
• i-SENS Inc.
• Innovative Diagnostics SAS
• Embark Veterinary Inc.
• NationWide Laboratories
• Demeditec Diagnostics GmbH
• Universal Biosensors Inc.
• Companion Animal Medical Center
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the companion animal diagnostic services market in 2024
