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Companion Animal Diagnostics Market Trends

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

Companion Animal Diagnostics Market Trends

Growth Drivers

  • Growth in the Companion Animal Population and Diseases Related to Them
  • Increasing Number of Veterinary Practitioners in Developed Economies

Challenges

  • Rising Pet Care Costs

Companion Animal Diagnostics Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

9.8%

Base Year Market Size (2023)

USD 2.67 billion

Forecast Year Market Size (2036)

USD 9 billion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

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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