Global Veterinary Diagnostic Equipment Market Share Analysis 2024, Forecast To 2033
22 Jan, 2024
The veterinary diagnostic equipment sector has experienced significant growth, advancing from $1.02 billion in 2023 to $1.09 billion in 2024, manifesting a 7.1% CAGR. Historical trends are driven by surges in pet ownership, a thriving livestock industry, and the demand for preventive veterinary care. Projections indicate sustained expansion, with the market poised to reach $1.44 billion by 2028, reflecting a 7.1% CAGR. Anticipated drivers include heightened pet healthcare awareness, global pandemic preparedness, and increased focus on disease surveillance, bolstered by digital technologies and telemedicine.
Global Veterinary Diagnostic Equipment Market Key Driver
The veterinary diagnostic equipment market is driven by the escalating prevalence of diseases among animals. The increased incidence of diseases in both livestock and pets has led to a heightened demand for advanced diagnostic equipment. For instance, reports from the World Health Organization in July 2023 highlighted the global impact of H5N1 avian influenza epidemics, resulting in over 131 million domestic fowl being affected. This surge in disease prevalence among animals propels the demand for diagnostic equipment, fostering growth in the veterinary diagnostic equipment market.
Get A Free Sample Of The Global Veterinary Diagnostic Equipment Market ReportGlobal Veterinary Diagnostic Equipment Market Segments
The veterinary diagnostic equipment market covered in this report is segmented –
1) By Product: Hematology, Immunodiagnostics, Clinical Chemistry, Molecular Testing
2) By Animal: Livestock Cattle, Domestic Pets
3) By End Users: Hospitals And Clinics, Reference Laboratories, Universities/Research Centers, Point-Of-Care/In-House Testing
By Geography: The regions covered in the veterinary diagnostic equipment market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
North America was the largest region in the veterinary diagnostic equipment market in 2023. Asia-Pacific was the second-largest region in the global veterinary diagnostic equipment market analysis. The regions covered in the veterinary diagnostic equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major Veterinary Diagnostic Equipment Industry Players
IDEXX Laboratories Inc., ABAXIS Inc., HESKA Corporation, Zoetis Inc., Virbac, Mindray Medical International Limited, Neogen Corporation, QIAGEN N.V., Agfa Healthcare, Toshiba, Carestream Health, MinXray, Diagnostic Imaging Systems, BCF Technology, Sedecal, Kaixin Group Co. Ltd., Esaote S.p.A., Pfizer Inc., Thermo Fisher Scientific Inc., Henry Schein Inc., Idvet, BioMérieux SA, Randox Laboratories Ltd., Abbott Laboratories, Acon Laboratories Inc., Animal Biome, BioCHEK BV, Chison Medical Imaging Co. Ltd., DCN Dx Daignostics, General Electric Company, Hallmarq Veterinary Imaging Ltd., INDICAL Bioscience GmbH, MI:RNA Ltd., Scopio Labs Ltd., VCA Antech Inc.
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Veterinary Diagnostic Equipment Market Overview
Veterinary diagnostic equipment refers to devices and instruments mainly used by veterinary practitioners in determining and identifying various disorders in animals by using various diagnostic equipment such as clinical thermometers, diagnostic lights, X-ray equipment, and certain diagnostic test kits to detect the cause of disease and determine the treatment schedule for animals.
Veterinary Diagnostic Equipment Global Market Report 2023 provides data on the global veterinary diagnostic equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The veterinary diagnostic equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.