The Companion Animal Diagnostics 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 Diagnostics Market?
The size of the companion animal diagnostics market has significantly expanded over recent years. The market, valued at $3.1 billion in 2024, is projected to increase to $3.4 billion in 2025, with a compound annual growth rate (CAGR) of 9.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Companion Animal Diagnostics Industry?
The Companion Animal Diagnostics Market predicts that by 2029, the market will be valued at $4.91 billion, with a compound annual growth rate (CAGR) of 9.6%.
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What are the Key Growth Drivers Fueling the Companion Animal Diagnostics Market?
The key drivers in the companion animal diagnostics market are:
• Growing adoption of point-of-care testing
• Increasing availability of advanced diagnostic tools
• Rising demand for personalized veterinary care
• Expanding telemedicine services for pets
Global Market Segmentation: Identifying Major Companion Animal Diagnostics Industry Segments
The companion animal diagnostics market covered in this report is segmented –
1) By Animal Type: Cat, Horse, Dog, Other Animal Types
2) By Technology: Immunodiagnostics, Clinical Biochemistry, Hematology, Urinalysis, Molecular Diagnostics, Other Technologies
3) By Application: Bacteriology, Clinical Pathology, Virology, Parasitology, Other Applications
4) By End-Users: Diagnostics Laboratories, Veterinary Clinics And Hospitals, Research Institutes, Home Care Settings
Subsegments:
1) By Cat: Feline Infectious Disease Testing, Feline Blood Tests, Feline Urinalysis
2) By Horse: Equine Infectious Disease Testing, Equine Blood Tests, Equine Diagnostic Imaging
3) By Dog: Canine Infectious Disease Testing, Canine Blood Tests, Canine Urinalysis
4) By Other Animal Types: Small Mammals, Birds, Reptiles, Exotic Pets
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What are the emerging Trends Shaping the Future of the Companion Animal Diagnostics Market?
The key trends in the companion animal diagnostics market are:
• The expansion of telehealth diagnostic services for pets is a significant emerging trend.
• The integration of wearable diagnostic devices is noticeably influencing the market.
• There's an increasing leaning toward molecular diagnostic techniques.
• The development and adoption of personalized veterinary diagnostics is an emerging trend predicted to shape the future.
Who Are the Top Competitors & Leading Players in the Companion Animal Diagnostics Market?
Major players in the companion animal diagnostics market are:
• Thermo Fisher Scientific Inc.
• Merck KGaA
• Fujifilm Holdings Corporation
• Zoetis Inc.
• VCA Inc.
• Mindray Medical International Limited
• bioMérieux S.A.
• IDEXX Laboratories Inc.
• Qiagen N.V.
• Virbac S.A.
• Randox Laboratories Ltd.
• Esaote S.p.A.
• Abaxis Inc.
• Neogen Corporation
• Arkray Inc.
• Indical Bioscience GmbH
• Biovet S.A.
• Woodley Equipment Company Ltd.
• Scil Animal Care Company
• Laboklin GmbH & Co. KG
• VolitionRx Limited
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the companion animal diagnostics market in 2024
