Veterinary Diagnostics Market Size

Veterinary Diagnostics Market size was over USD 8.05 billion in 2024 and is anticipated to cross USD 28.45 billion by 2037, growing at more than 10.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of plastic resin is estimated at USD 8.71 billion.

The steep growth trajectory is modulated by the rising need for pet ownership and humanization, rapid advancements in diagnostics technology enabling faster and more accurate test results, expansion of veterinary healthcare infrastructure, increased animal expenditures, and a growing number of veterinary practitioners. Many key players are focused on offering innovative diagnostic products and kits for companion animals as well as livestock. In November 2023, IDEXX Laboratories Inc. announced the launch of a comprehensive test named SNAP Leish 4Dx which detects vector-borne diseases. This move helped the company boost its credibility and widen its portfolio.

Progress in diagnostics technologies such as molecular diagnostics, imaging modalities, and point-of-care (PoC) testing has greatly increased the capacity to diagnose complex illnesses in animals. For instance, in April 2023, BioCheck announced the launch of a real-time biosecurity diagnostic tool, VetAssure for pigs and poultry that uses bioluminescence technology to identify and measure ATP.