Report Description

Global companion animal diagnostics market is anticipated to grow at a rapid pace during the forecast period, 2024-2028. Increase in the number of infectious and food-borne diseases in pets coupled with the shifting focus of pet owners toward their pets’ well-being are the key factors responsible for the growth of the global companion animal diagnostics market. Companion animal diagnostics refer to the various tests and procedures used to diagnose and monitor the health of companion animals, such as dogs, cats, and horses. These diagnostics are essential for providing proper veterinary care, as they allow veterinarians to detect and monitor various diseases and conditions that may affect an animal's health. Companion animal diagnostics may include a range of tests, such as blood tests, urine tests, imaging tests, and genetic tests. These tests can help identify various health issues, including infectious diseases, chronic illnesses, cancer, and genetic disorders. According to the People's Dispensary for Sick Animals (PDSA) PAW, 2.0 million people in the United Kingdom owned pets between March 2020 to May 2021. Besides, pets are prone to zoonotic diseases such as anthrax and bird flu, which can further infect humans. Therefore, it is necessary to get the companion animals regularly checked. The other factors which are supporting the growth of the global companion animal diagnostics market are growing animal healthcare, rising demand for pet insurance, and increasing number of veterinary practitioners. For instance, according to the report issued by the American Pet Products Association, Inc., in 2019, 2020, and 2021, the US pet industry expenditure was USD 97.1 billion, USD 103.6 billion, and USD 123.6 billion, respectively. Additionally, the increased movement of pets across borders has led to the introduction of new pathogens into different regions, further increasing the risk of disease transmission. Therefore, the rising animal diseases across the world is expected to surge the demand for companion animal diagnostics in the forthcoming years.


Growing Pet Ownership


Pet ownership has been on the rise in recent years. As more households welcome pets into their homes, the demand for veterinary services, including diagnostic testing, has increased. According to the 2021-2022 National Pet Owners Survey conducted by the American Pet Products Association (APPA), 67% of the US households own a pet, which accounts for 90.5 million families. One of the key effects of the growing pet ownership is the increasing demand for preventative care. As pet owners become more educated about the importance of regular check-ups and preventative care, there is a growing demand for diagnostic tests that can detect early signs of disease and help prevent illness before it becomes more serious. This has led to an increase in the demand for routine diagnostic tests such as blood work and urinalysis, as well as more specialized tests such as cardiac and endocrine testing. Also, due to the growing popularity of pet ownership there is an increase in the demand for personalized medicines in veterinary care. Just like human medicines, personalized medicines in veterinary care involve tailoring treatments to individual patients based on their specific needs and genetic makeup. This has led to an increase in the demand for diagnostic tests that can provide more detailed information about pet's health, such as genetic testing, and help veterinarians develop personalized treatment plans. Therefore, as more pet owners seek out preventative care and personalized medicines for their furry companions, the demand for advanced diagnostic tests is increasing, which, in turn, is strengthening the growth of the global companion animal diagnostics market.


Increasing Prevalence of Animal Diseases


The increasing prevalence of animal diseases, both in farm animals and companion animals, has had a significant impact on the companion animal diagnostics market. As more animals are affected by diseases, there is a growing need for accurate and timely diagnostic tests to help veterinarians diagnose and treat their patients. Chronic conditions such as diabetes, heart disease, and cancer are becoming more common in dogs and cats, and these conditions require ongoing monitoring and treatment. This has led to an increase in the demand for diagnostic tests such as blood tests, urinalysis, and imaging tests to help veterinarians diagnose and manage these conditions. In addition to chronic diseases, infectious diseases are also a growing concern in the companion animal population. Diseases such as lyme disease, parvovirus, and feline immunodeficiency virus (FIV) are becoming more prevalent and accurate, and timely diagnosis is critical for effective treatment and disease management. This has led to an increase in the demand for rapid diagnostic tests that can provide results quickly, allowing for early treatment and prevention of disease transmission. Furthermore, the rise of antibiotic-resistant bacteria in animals is surging the need for more advanced diagnostic tests, which, in turn, is bolstering the growth of the global companion animal diagnostics market. Accurate and timely diagnosis of bacterial infections is critical to ensure that appropriate antibiotics are used that prevent the spread of antibiotic-resistant strains. This has led to an increase in the demand for advanced diagnostic tests such as polymerase chain reaction (PCR) testing, which can provide rapid and accurate diagnosis of bacterial infections. Therefore, the rising incidence of animal diseases is expected to strengthen the growth of the global companion animal diagnostic market in the coming years.


Technological Advancements


Growing advancements in the companion animal diagnostic technologies is expected to bolster the growth of the global companion animal diagnostics market in the coming years. As new technologies are developed and refined, veterinarians can more accurately diagnose and treat their patients, leading to better outcomes and improved quality of life for companion animals. For instance, the use of stem cell therapy to treat conditions such as arthritis and joint pain is becoming increasingly popular in veterinary medicines. Advancements in companion animal diagnostic technologies such as point-of-care (POC) diagnostic tests, magnetic resonance imaging (MRI) and computed tomography (CT) scans, and others are fueling the growth of the global companion animal diagnostics marketGenetic testing is another area where advancements in diagnostic technologies have a significant impact on the global companion animal diagnostics market. Genetic testing can help identify genetic predispositions to certain diseases, allowing veterinarians to develop personalized treatment plans for their patients. This can be particularly important in breeds that are predisposed to certain conditions, such as hip dysplasia in German Shepherds or kidney disease in Persian cats. For instance, in 2022, Urban Animal launched a DNA testing kits for dogs, which use Next Generation Sequencing (NGS) technology to process and analyze the pets’ DNA.



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Recent Developments


  • In January 2021, Heska acquired Lacuna Diagnostics, Inc. that allowed the company to expand its capabilities and enter the clinical specialty services space, which included services such as telecytology, telepathology, and telemedicine.
  • In 2021, Zomedica Corp., a veterinary health corporation producing point-of-care diagnostics products for dogs and cats, logged the first veterinarian sale of TRUFORMA and officially entered commercialization.


Market Segmentation


Global companion animal diagnostics market is segmented into technology, application, animal type, end user, company, and region. Based on technology, the global companion animal diagnostics market is segmented into clinical biochemistry, clinical chemistry analysis, glucose monitoring, blood gas & electrolyte analysis, immunodiagnostics, hematology, urinalysis, and others. Based on application, the global companion animal diagnostics market is bifurcated into clinical pathology, bacteriology, virology, parasitology, and others. Based on animal type, the global companion animal diagnostics market is segmented into dogs, cats, horses, and others. Based on end user, the global companion animal diagnostics market is divided into veterinary reference laboratories, veterinary hospitals and clinics, point-of-care/in-house testing, research institutes, and universities. In terms of region, the global companion animal diagnostics market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.


Market Players


IDEXX Laboratories, Inc., Zoetis Inc., Virbac, Heska Corporation, Neogen Corporation, Bio-Rad Laboratories, Inc. (U.S.), INDICAL Bioscience GmbH (QIAGEN N.V.), Agrolabo SpA (Italy), ID.vet, and bioMérieux S.A. (France). are some of the major leading players of the global companion animal diagnostics market.


Attribute

Details

Base Year

2022

Historical Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023E-2028F

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Technology

Application

Animal Type

End User

Region

Regional scope

North America; Europe; Asia Pacific; South America; and Middle East & Africa

Country scope

United States, Mexico, Canada, China, India, Japan, South Korea, Australia, Germany, France, United Kingdom, Spain, Italy; South Africa, UAE, Saudi Arabia; Brazil, Argentina, and Colombia

Key companies profiled

IDEXX Laboratories, Inc., Zoetis Inc., Virbac, Heska Corporation, Neogen Corporation, Bio-Rad Laboratories, Inc. (U.S.), INDICAL Bioscience GmbH (QIAGEN N.V.), Agrolabo SpA (Italy), ID.vet, and bioMérieux S.A. (France)

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the global companion animal diagnostics market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Companion Animal Diagnostics Market, By Technology:
    • Clinical Biochemistry
    • Clinical Chemistry Analysis
    • Glucose Monitoring
    • Blood Gas & Electrolyte Analysis
    • Immunodiagnostics
    • Hematology
    • Urinalysis,
    • Others
  • Global Companion Animal Diagnostics Market, By Application:
    • Clinical Pathology
    • Bacteriology
    • Virology
    • Parasitology
    • Others
  • Global Companion Animal Diagnostics Market, By Animal Type:
    • Dogs
    • Cats
    • Horses
    • Other
  • Global Companion Animal Diagnostics Market, By End User:
    • Veterinary Reference Laboratories
    • Veterinary Hospitals and Clinics
    • Point-of-care/In-house Testing
    • Research Institutes
    • Universities
  • Global Companion Animal Diagnostics Market, By Region:
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Singapore
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Colombia Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global companion animal diagnostics market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global companion animal diagnostics market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected] 

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Companion Animal Diagnostics Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Technology (Clinical Biochemistry, Clinical Chemistry Analysis, Glucose Monitoring, Blood Gas & Electrolyte Analysis, Immunodiagnostics, Hematology, Urinalysis, Others)

5.2.2.     By Application (Clinical Pathology, Bacteriology, Virology, Parasitology, Others)

5.2.3.     By Animal Type (Dogs, Cats, Horses, Other)

5.2.4.     By End User (Veterinary Reference Laboratories, Veterinary Hospitals and Clinics, Point-of-care/In-house Testing, Research Institutes and Universities)

5.2.5.     By Company (2022)

5.2.6.     By Region (Asia-Pacific, Europe, North America, South America, Middle East & Africa)

5.3.  Market Map

6.    Asia-Pacific Companion Animal Diagnostics Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Technology

6.2.2.     By Application

6.2.3.     By Animal Type

6.2.4.     By End User

6.2.5.     By Country (China, India, Japan, South Korea, Australia)

6.3.  Asia-Pacific: Country Analysis

6.3.1.     China Companion Animal Diagnostics Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Technology

6.3.1.2.2.             By Application

6.3.1.2.3.             By Animal Type

6.3.1.2.4.             By End User

6.3.2.     India Companion Animal Diagnostics Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Technology

6.3.2.2.2.             By Application

6.3.2.2.3.             By Animal Type

6.3.2.2.4.             By End User

6.3.3.     Japan Companion Animal Diagnostics Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Technology

6.3.3.2.2.             By Application

6.3.3.2.3.             By Animal Type

6.3.3.2.4.             By End User

6.3.4.     South Korea Companion Animal Diagnostics Market Outlook

6.3.4.1.         Market Size & Forecast

6.3.4.1.1.             By Value

6.3.4.2.         Market Share & Forecast

6.3.4.2.1.             By Technology

6.3.4.2.2.             By Application

6.3.4.2.3.             By Animal Type

6.3.4.2.4.             By End User

6.3.5.     Australia Companion Animal Diagnostics Market Outlook

6.3.5.1.         Market Size & Forecast

6.3.5.1.1.             By Value

6.3.5.2.         Market Share & Forecast

6.3.5.2.1.             By Technology

6.3.5.2.2.             By Application

6.3.5.2.3.             By Animal Type

6.3.5.2.4.             By End User

7.    Europe Companion Animal Diagnostics Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Technology

7.2.2.     By Application

7.2.3.     By Animal Type

7.2.4.     By End User

7.2.5.