Companion Animal Diagnostic Services Market to Grow with a CAGR of 7.31% through 2031
Rising pet ownership and growing insurance coverage for pets are factors driving the Global Companion Animal Diagnostic Services Market in the forecast period 2027-2031
According to TechSci Research report, “Companion
Animal Diagnostic Services Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2031F”, the Global Companion Animal Diagnostic Services Market will grow from USD 2.94 Billion in 2025 to USD 4.49 Billion by 2031 at a 7.31% CAGR.
The global companion animal diagnostic services market has experienced significant growth in recent years, driven by multiple key factors that have increased demand for diagnostic solutions for companion animals. Companion animals, such as dogs, cats, and other small pets, have become an essential part of many households, with pet owners prioritizing their health and well-being. As a result, demand for advanced diagnostic services tailored to these animals has increased substantially.
One of the primary drivers of this growth is the increasing awareness among pet owners of the importance of proactive pet healthcare. With greater access to information through online platforms and media channels, owners are becoming more aware of the benefits of regular health check-ups and early disease detection. This growing awareness is fueling demand for diagnostic services to enable early identification and intervention.
Simultaneously, the veterinary industry has seen notable advancements in medical technology, including the development of more sophisticated diagnostic tools and techniques. Innovations such as molecular diagnostics, digital radiography, and advanced imaging systems have significantly improved the accuracy and speed of pet diagnostics. These advanced technologies are increasing demand for companion animal diagnostic services by providing faster, more reliable results.
Another contributing factor is the rising disposable income in many regions, particularly in developed markets, where pet owners are better able to afford high-quality veterinary care. As pet ownership continues to rise alongside increased consumer spending, the market for companion animal diagnostics has grown rapidly, with owners willing to invest in premium healthcare options, including advanced diagnostic services. The growing concern over zoonotic diseases—diseases that can be transmitted from animals to humans—has further increased the focus on preventive care for companion animals. As public health concerns rise, there is an expanding need for diagnostic services capable of detecting and preventing such diseases. Pet owners are becoming more aware of the implications of their pets' health for broader public health, driving demand for diagnostics that can identify potential zoonotic risks.
These trends collectively underscore the market's robust expansion, with increasing investment in pet health, technological advances in diagnostics, and a growing emphasis on preventive healthcare, all of which contribute to a rapidly evolving companion animal diagnostic services market.
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The Global Companion Animal Diagnostic Services Market
is segmented into testing, type, animal type and company.
Based on type, the Point-of-Care (POC) segment has emerged as
the predominant market leader. POC diagnostic tools enable veterinary professionals to perform tests and obtain results during a single visit, thereby minimizing waiting times and improving efficiency. This rapid turnaround is especially important in emergency care situations or for routine check-ups, as pet owners increasingly seek prompt diagnoses without the need to send samples to off-site laboratories. For example, devices such as portable blood glucose meters, rapid diagnostic kits for infectious diseases, and ultrasound units used in clinical settings are contributing to the rise of POC diagnostics.
With the increasing awareness among pet owners about the importance of early disease detection and management, there is a growing demand for veterinary clinics to offer in-house diagnostic capabilities. This shift to in-clinic, immediate testing is not only a matter of convenience but also aligns with the increasing trend of pet owners seeking more personalized and accessible care for their pets. The ability to provide POC diagnostics enhances customer satisfaction, as it helps build trust in the clinic’s ability to deliver timely and accurate results. Recent advancements in POC diagnostic technologies have significantly improved the accuracy, ease of use, and affordability of on-site diagnostic services. Devices such as handheld diagnostic platforms, portable PCR machines, and mobile imaging systems are enabling veterinary practices to perform more complex tests that were traditionally reserved for laboratory settings. These advancements have driven greater adoption of POC diagnostics, as they offer a cost-effective way to deliver high-quality results.
Based on region, The Asia Pacific region is experiencing rapid market
growth. Over the years, there has been a growing awareness among the pet owners
about the importance of preventive healthcare for their animals. Routine
diagnostics, vaccinations, and health screenings have become the norm, with a
strong emphasis on early disease detection. This cultural shift toward
proactive pet care has driven the demand for diagnostic services.
Major companies operating in Global Companion
Animal Diagnostic Services Market are:
- IDEXX Laboratories, Inc.
- Zoetis Inc.
- Virbac
- Heska Corporation
- Neogen Corporation
- Bio-Rad Laboratories, Inc.
- INDICAL Bioscience GmbH
- Agrolabo SpA
- ID.vet
- bioMérieux S.A.
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“The global companion animal diagnostic services
market is experiencing remarkable growth, and several key drivers are
propelling this expansion. Rising pet ownership, increased awareness of pet
health, advances in veterinary medicine, disposable income, insurance coverage, zoonotic disease concerns, and the prevalence of holistic and preventive care are all contributing to robust demand for diagnostic services in companion animal health. As these drivers continue to
evolve and expand, the market for companion animal diagnostic services is
expected to grow even further in the coming years, benefiting both pets and
their owners”, said Mr. Karan Chechi, Research Director of TechSci Research,
a research-based management consulting firm.
“Companion Animal Diagnostic Services Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Testing (Clinical Chemistry, Microbiology, Parasitology, Histopathology, Cytopathology, Hematology, Immunology & Serology, Imaging, Molecular Diagnostics, Others), By Type (Point-of-Care (POC), Laboratory-based), By Animal Type (Dogs, Cats, Horses, Others), By Region and Competition, 2021-2031F”, has evaluated the future growth potential of
Global Companion Animal Diagnostic Services Market and provides statistics
& information on market size, structure and future market growth. The
report aims to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Companion Animal Diagnostic Services Market.
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