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Global Veterinary Diagnostics Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Product Type (Clinical Chemistry, Molecular Diagnostics, Hematology, Diagnostic Imaging and Immunodiagnostics), Animal and Region - Industry Forecast From 2023 to 2028

Published: March, 2023
ID: 67
Pages: 175
Formats: report pdf report excel report power bi report ppt

Veterinary Diagnostics Market Size (2023 to 2028)

The global market size for veterinary diagnostics is anticipated to grow to USD 12.5 billion by 2028 from USD 8.27 billion in 2023, growing at a CAGR of 8.6% from 2023 to 2028

Veterinary Diagnostics Market Share Insights:

  • Based on the product, the clinical chemistry segment led the veterinary diagnostics market in 2021.
  • Based on animals, the canine segment held 31.8% of the global market share in 2021.
  • The U.S. veterinary diagnostics market is expected to grow at a CAGR of 7.88% from 2022 to 2027.
  • North America was the regional market leader worldwide in 2021 and held 49.2% of the global market share in 2021.
  • The European market is anticipated to be worth USD 3.33 billion by 2027.
  • The Asia-Pacific region is predicted to grow at a CAGR of 10.57% from 2022 to 2027.


The growing incidence of animal zoonotic diseases is propelling the veterinary diagnostics market growth. According to the data published by the Centers for Disease Prevention and Control (CDC), a considerable population suffers from zoonotic diseases. In addition, the growing population of companion animals is fuelling the growth of the veterinary diagnostics market. The veterinary diagnostics market has grown significantly over the past few years by introducing technologically improved products that have positively impacted market growth. The growing companion animal population and increased animal care prevalence drive the global veterinary diagnostics market. In addition, the growth in the pet insurance market and increasing animal healthcare expenditure further accelerate the growth of the global veterinary diagnostic market. Moreover, skilled veterinary practitioners and increasing income levels of people in emerging countries are expected to support the market's growth rate.


The high costs associated with veterinary healthcare are a major factor hindering the market growth. In addition, the unavailability of infrastructure and veterinary healthcare centers for animals in some regions worldwide is hampering the market’s growth rate. Furthermore, a lack of awareness among people regarding the available treatment options and a scarcity of veterinary professionals are impeding the veterinary diagnostics market growth.

Impact of COVID-19 on the veterinary diagnostics market:

The growth rate of the global veterinary diagnostic market is slightly declined due to the situations caused by the coronavirus. Many countries imposed a nationwide lockdown to control the spread of COVID-19. COVID-19 has changed the market activities and the structure. Like many other healthcare sectors, the veterinary diagnostics market faced a significant downfall during the pandemic due to the imposition of stringent quarantines and the closure of pet clinics and centers, resulting in the availability of diagnostics for companion and farm-raised animals. Unlock guidelines have encouraged the increase in the number of treatment procedures for animals in 2020. All the activities were resumed with high preventive measures in the diagnostic centers and hospitals.




Market Size Available

2022 to 2028

Base Year


Forecast Period

2023 to 2028

Segments Covered

By Product, Animal, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges; PESTLE Analysis; Porter’s Five Forces Analysis, Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa


This research report on the global veterinary diagnostics market has been segmented and sub-segmented based on animals, products, and regions.

Veterinary Diagnostics Market - By Product:

  • Clinical Chemistry
    • Urine Analysis
    • Glucose Monitoring
    • Blood Gas Electrolyte Analysis
  • Molecular Diagnostics        
    • Micro Arrays
    • PCR Tests
    • Other Molecular Diagnostics Tests
  • Hematology         
    • Hematology Analysers
    • Hematology Cartridges
  • Diagnostic Imaging              
    • Radiography Systems
    • Ultrasound Imaging Systems
    • CT Scanners
    • MRI Scanners
  • Immunodiagnostics            
    • Immunoassay Analysers
    • ELISA Tests
    • Lateral-Flow Strip Readers
    • Lateral-Flow Rapid Tests
    • Allergen-specific Immunodiagnostic Tests

Based on the product, the clinical chemistry segment dominated the veterinary diagnostics market in 2022 owing to the rise in the scale of clinics and laboratories. In addition, research on developing innovative drugs and vaccines concerning veterinary healthcare, growing government investments in the rising advancements of drugs for animals, and primary care mechanisms support the segment's revenue. Additionally, growing pharmacies that have undertaken animal medicine research will support the rise of this market. 

The global market for immunodiagnostics is expected to grow at a higher CAGR due to the increase in the number of foodborne diseases affecting animals. As a result, the need to perform various tests has increased gradually. In turn, the market for molecular diagnostics is expected to grow higher than immunodiagnostics due to its broad scope over immunodiagnostics. In addition, an increase in the purchase and usage of various diagnostic instruments utilized in veterinary practices, in-clinic diagnostic procedures, high-income households that keep pets, and regularly visit veterinary laboratories are propelling the growth of this market. Among the various sub-segments, the ELISA segment was worth USD 451 million in 2020 and is predicted to hike at an impressive rate during the forecast period.

Veterinary Diagnostics Market - By Animal:

  • Companion Animals            
    • Canine Diagnostics
    • Feline Diagnostics
    • Other Veterinary Diagnostics
  • Food-Producing Animals   
    • Bovine Diagnostics
    • Porcine Diagnostics
    • Ovine Diagnostics
    • Poultry Diagnostics
    • Piscine Diagnostics

The companion animal segment is anticipated to lead among all in the global veterinary diagnostics market during the forecast period. The rise in the number of companion animals and the growing number of pet lovers globally significantly influences the segment's growth. Additionally, the rising awareness regarding the need to adopt and take care of abandoned animals is helping the segment's growth. 

The poultry animal segment is another lucrative segment and is forecasted to register a CAGR of 9.1% during the forecast period. The poultry and farmland animals need to be grown with the utmost care as they are prone to contracting infections and diseases and need continuous medical care to stay healthy. Moreover, the protocols of doing the meat, milk, eggs, or animal resources businesses make it impertinent to keep the animals in top health to ensure the safety of the consumers leading to heightened demand and need in the poultry market. 

Veterinary Diagnostics Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

The North American veterinary diagnostics market is estimated to be the most dominating regional market in the global veterinary diagnostics market, with the largest market share, followed by the European market. The North American market is predicted to continue its dominating trend throughout the forecast period. Factors such as increasing healthcare expenditure and the prevalence of veterinary diseases propel the market's growth rate. In addition, primarily rising pet owners are additionally driving the growth rate of the veterinary diagnostic market in this region.             

Next in line, the European veterinary diagnostics market is expected to account for a substantial share of the global market in 2022 and register a healthy CAGR during the forecast period. Increasing awareness about advanced techniques and the rise in the prevalence of animal diseases are likely to promote market growth.

The Latin American veterinary diagnostics market and Asia-Pacific veterinary diagnostics market are expected to be the most profitable in terms of growth rate. The Asia Pacific market is the fastest-growing region in the global market. The growing animal healthcare awareness programs and the prevalence of veterinary diseases contribute to market growth. With the rising investments in healthcare by the government and increasing demand to improve the services in veterinary hospitals, Latin Americans will register a healthy CAGR between 2020 to 2025.

The veterinary diagnostics market in the Middle East and Africa is expected to grow at a stable CAGR during the forecast period. An increasing number of rare diseases among animals is likely to fuel the market demand in this region.


Qiagen N.V., ZoetisInc., IDEXX Laboratories, Inc., and Heska Corporation play a leading role in the global veterinary diagnostics market. Some of the other notable companies playing an active role in the market are VCA Inc., Abaxis, Inc., VIRBAC, Life Technologies Corporation, Bio-Rad Laboratories Inc., Prionics AG, and Pfizer, Inc.


  • In October 2022, OncoK9, a first-in-class multi-cancer early detection (MCED) test for dogs from PetDx - The Liquid Biopsy Company for PetsTM, is now accessible to veterinary practices in Hong Kong, Singapore, Malaysia, South Korea, and Cambodia through Asia Veterinary Diagnostics, Powered by Antech. This is the first time markets outside North America have been given access to the ground-breaking blood-based liquid biopsy test. However, veterinary clinics in the US and Canada already have access to OncoK9.
  • In January 2018, Randox laboratories Ltd. launched an Evidence investigator who is highly accurate and efficient in screening food for drug residues. Biochip technology helps the device to perform well in analyzing the samples.
  • In April 2018, Vivalytic, a molecular diagnostic analyzer, was launched by Randox Laboratories Ltd., which accelerated the company's strength in the market.
  • In September 2017, Neogen Corporation (US) acquired The University of Queensland Animal Genetics Laboratory (AGL) (Australia). This acquisition has promoted the animal genomics business in Australia and New Zealand.
  • In May 2018, Zoetis (US) announced acquiring Abaxis (US) to launch innovative products and show a prominent presence in the veterinary diagnostics market.

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What was the size of the veterinary diagnostics market worldwide in 2022?

The global veterinary diagnostics market size was valued at USD 7.62 billion in 2022.

Does this report include the impact of COVID-19 on the veterinary diagnostics market?

Yes, we have studied and included the COVID-19 impact on the global veterinary diagnostics market in this report.

Which region is anticipated to witness fastest growth in the veterinary diagnostics market?

During the forecast period, the Asia-Pacific region is anticipated to grow at the fastest CAGR in the worldwide market.

Who are the key players in the global veterinary diagnostics market?

Qiagen N.V., ZoetisInc., IDEXX Laboratories, Inc., Heska Corporation, VCA Inc., Abaxis, Inc., VIRBAC, Life Technologies Corporation, Bio-Rad Laboratories Inc., Prionics AG, and Pfizer, Inc. are some of the notable companies in the veterinary diagnostics market.

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