Companion Animal Diagnostics Market Analysis

The market is segmented on the basis of technology which is further bifurcated into immunodiagnostics, clinical biochemistry, haematology, urinalysis, molecular diagnosis, and, others, out of which the molecular diagnosis segment is anticipated to hold the largest share in the target market as compared to other technologies. As the need for reliable, specific, and faster methods to detect chronic diseases and genetic disorders in the primary stage is growing, it has led to the growth of the market segment.

On the basis of application, clinical pathology segment in the global companion animal disease diagnostics market is projected to grow with a significant CAGR over the forecast period. The market is growing because clinical pathology tests are considered as the first tool for the evaluation of disease patterns as it provides an understanding of disease mechanism and progression as it is important for the development of new treatments.

Our in-depth analysis of the global market includes the following segments:

By Technology	Immunodiagnostics Lateral Flow Assays ELISA Tests Immunoassay Analyzers Allergen-Specific Immunodiagnostics Tests Others Clinical Biochemistry Clinical Chemical Analysis Glucose Monitoring Blood Gas & Electrolyte Analysis Hematology Urinalysis Molecular Diagnostics Others
By Application	Clinical Pathology Parasitology Bacteriology Virology Others
By Animal Type	Dogs Cats Horses Others
End-User	Veterinary Reference Laboratories Research Institutes & Universities Veterinary Hospitals & Clinics Point Of Care/In-House Testing

Frequently Asked Questions (FAQ)

On account of growth in the companion animal population and increasing number of veterinary practitioners in developed economies are the key factors driving market growth.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

increasing cost associated with the animal testing is anticipated to hamper market growth.

The market in North America region will provide ample growth opportunities owing to rising adoption of companion animals mostly dogs and availability of funding for animal health and well-established animal healthcare infrastructure across the region.

The major players dominating the companion animal diagnostics market are Idexx., BIONOTE Co., LTD., Zoetis, RxList Inc, Heska Corporation, Randox Laboratories, Ltd., and others.

Companion Animal Diagnostics Market Analysis