India Veterinary Diagnostics Market to Grow with a CAGR of 13.91% through 2030
Emerging
Zoonotic Diseases is expected to drive the India Veterinary Diagnostics Market
growth in the forecast period, 2026-2030.
According to
TechSci Research report, “India Veterinary Diagnostics Market - By Region, Competition, Forecast & Opportunities, 2030F”, the India Veterinary
Diagnostics Market stood at USD 199.32 Million in 2024 and is anticipated to
grow with a CAGR of 13.91% through 2030. The Indian government has implemented
several initiatives to support the growth of the veterinary diagnostics market,
with a strong focus on improving animal health and disease prevention. Programs
like the National Animal Disease Control Programme (NADCP) aim to control
foot-and-mouth disease (FMD) and brucellosis, promoting widespread vaccination
and regular health checks.
The government
also encourages the establishment of more veterinary hospitals and diagnostic
laboratories, enhancing accessibility to quality care. Additionally, schemes
like the Animal Husbandry Infrastructure Development Fund (AHIDF) provide
financial assistance to improve animal health infrastructure across the
country. These efforts contribute to increasing awareness about veterinary
diagnostics, thus driving market growth.
Emerging zoonotic diseases are a significant driver in the veterinary diagnostics market as they pose increasing threats to both animal and human health. With rising urbanization, climate change, and greater human-animal interactions, the risk of diseases like avian influenza, rabies, and Nipah virus transmission is escalating. Early detection and accurate diagnostics are crucial to prevent outbreaks and protect both animal populations and public health. As awareness grows, there is a heightened demand for veterinary diagnostic tools to monitor and manage these zoonotic diseases, driving growth in the market.
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The India
Veterinary Diagnostics Market is segmented into product, technology, animal
type, disease type, end user, regional distribution, and company.
Based
on Product, Consumables have emerged as the dominating segment in the India
Veterinary Diagnostics Market in 2024. Consumables, including test kits,
reagents, and other disposable diagnostic items, are in high demand due to
their essential role in day-to-day diagnostic procedures. As veterinary
diagnostics involve frequent testing and monitoring, the need for consumables
remains high, particularly in both companion animal and livestock healthcare.
These products are crucial for ensuring accurate results and minimizing the
risk of cross-contamination, making them indispensable in veterinary
diagnostics, thus driving their dominance in the market.
Based on Region,
West India have emerged as the fastest growing region in the India Veterinary
Diagnostics Market in 2024. This
growth can be attributed to the increasing number of veterinary clinics,
enhanced awareness about pet health, and growing livestock farming in states
like Maharashtra and Gujarat. The rise in pet ownership, especially in urban
areas like Mumbai and Pune, along with government initiatives to improve animal
healthcare, has further fueled demand for advanced diagnostic services. Additionally,
the presence of well-established pharmaceutical and veterinary companies in the
region contributes to its rapid market expansion.
Major companies
operating in India Veterinary Diagnostics Market are:
- Embark India
- IDEXX
Laboratories, Inc.
- Zoetis
India Limited
- Thermo
Fisher Scientific Inc.
- bioMérieux
- Bio-Rad
laboratories India Pvt.Ltd
- FUJIFILM
India Private Limited
- Virbac
Animal Health India Private Limited
- BioNote,
Inc.
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“Over the past few years, there has been
a marked increase in the establishment of modern veterinary hospitals, clinics,
and diagnostic laboratories, especially in urban and semi-urban areas. This
expansion includes state-of-the-art facilities offering advanced diagnostic
tools, such as ultrasound machines, CT scanners, and laboratory equipment for
accurate disease detection in animals. Government initiatives and private
sector investments are also focusing on improving access to veterinary care in
rural regions, further driving the demand for veterinary diagnostics. Enhanced
infrastructure not only boosts the availability of services but also helps in
early diagnosis and timely treatment, leading to improved animal health
outcomes”, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“India
Veterinary Diagnostics Market By Product (Consumables, Instruments), By
Technology (Clinical Biochemistry, Molecular Diagnostics, Hematology,
Urinalysis, Immunodiagnostics, Others), By Animal Type (Companion Animals,
Livestock), By Disease Type (Infectious Disease, Endocrinology, Oncology,
Cardiology, Others), By End User (Veterinary Reference Laboratories, Veterinary
Hospitals & Clinics, Point-of-care/ In-house Testing, Veterinary Research
Institutes & Universities), By Region, Competition, Forecast &
Opportunities, 2020-2030F ”, has evaluated
the future growth potential of India Veterinary Diagnostics Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Veterinary Diagnostics Market.
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