Veterinary Diagnostics Industry Growth News - $5.36B by 2030
The report "Veterinary Diagnostic Market by Technology (PCR, ELISA, Lateral Flow Assay, Molecular Diagnostics, Immunodiagnostics), Product (Consumables, Instruments), Animal (Companion, Livestock, Swine), Application (Infectious, Bacteria) – Global Forecast to 2030", is expected to reach USD 5.36 billion by 2030 from USD 3.68 billion in 2025, at a CAGR of 7.8% during the forecast period. The key factors driving the market growth of the veterinary diagnostics market is the increasing awareness of diagnostic testing for companion animals; the rise in production & consumption of livestock animals; supportive government initiatives to increase awareness regarding advancements in diagnostic technologies; increasing vet visits; and product innovation in instruments such as analyzers or test kits.
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By animal type, the companion animals segment accounted for the largest market share in 2024.
The veterinary diagnostics market is segmented into companion animals and livestock based on animal type. The companion animals segment accounted for the largest share of the market in 2024. The large share of this segment is attributed to the rising number of households owning pets such as dogs and cats. The growing companion animal population, coupled with increasing pet health awareness and the rising ability of pet owners to spend on healthcare, is fueling the demand for advanced diagnostic tests and treatment options.
By end user, the point of care/in-house testing segment is expected to grow at the highest CAGR during the forecast period.
The market is segmented by end user into veterinary reference laboratories, veterinary hospitals & clinics, POC/in-house testing, and veterinary research institutes & universities. The POC/In-house testing segment is expected to grow at the highest CAGR during the forecast period. POC testing is designed for use in livestock farms outside the physical facilities of clinical laboratories. Since the demand for improved patient care and greater cost control is driving changes in the structure of animal healthcare delivery, the need for POC diagnostic testing is also expected to grow. Technological advancements in veterinary diagnostics are making it possible for more diagnostic tests to move from clinical laboratories to the near-patient environment.
By region, the Asia Pacific region is projected to grow at the highest CAGR during the forecast period.
Based on region, the veterinary diagnostics market is segmented into North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa. The Asia Pacific region is estimated to be the fastest-growing region during the forecast period due to various factors such as rapid urbanization, growing pet adoption, and increasing awareness about animal health. Rising disposable incomes in countries like China and India are expected to lead to higher spending on companion animal care. Governments in the region are strengthening livestock disease surveillance and control programs to ensure food safety and prevent zoonotic outbreaks. Additionally, expanding veterinary infrastructure, increasing penetration of multinational diagnostic companies, and growing investments in animal health R&D are accelerating market growth.
Key Market Players
Some of the leading players of the market include IDEXX Laboratories, Inc. (US), Zoetis Services LLC (US), Thermo Fisher Scientific Inc. (US), Antech Diagnostics, Inc. (US), and bioMérieux (France), among others
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