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Companion Animal Diagnostics Market Size

  • Report ID: 3008
  • Published Date: Sep 25, 2024
  • Report Format: PDF, PPT

Companion Animal Diagnostics Market Size

Companion Animal Diagnostics Market size was over USD 2.67 billion in 2023 and is likely to reach USD 9 billion by the end of 2036, witnessing around 9.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of companion animal diagnostics is assessed at USD 2.88 billion.

The major factors which are attributed to drive the growth of the market are the rising population of companion animals. The surge in the market can also be projected to the factors such as the rising demand for pet insurance and increasing in the number of veterinary practitioners in developed countries globally. Moreover, the growing demand for rapid tests and portable instruments for point-of-care services is anticipated to propel the growth of the market. 

Global-Companion-Animal-Disease-Diagnosis-Market-Size
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Author Credits:  Radhika Pawar


  • Report ID: 3008
  • Published Date: Sep 25, 2024
  • Report Format: PDF, PPT

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.
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