PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1812424
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1812424
Veterinary Diagnostics Market, By Product and Service, By Animal Type, By Technology, By Application By End User, By Geography
Veterinary Diagnostics Market is estimated to be valued at USD 8.81 Bn in 2025 and is expected to reach USD 16.84 Bn by 2032, growing at a compound annual growth rate (CAGR) of 9.7% from 2025 to 2032.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2024 | Market Size in 2025: | USD 8.81 Bn |
| Historical Data for: | 2020 To 2024 | Forecast Period: | 2020 To 2024 |
| Forecast Period 2025 to 2032 CAGR: | 9.70% | 2032 Value Projection: | USD 16.84 Bn |
The global veterinary diagnostics market represents a critical component of animal healthcare infrastructure, encompassing a comprehensive range of diagnostic tools, technologies, and services designed to identify, monitor, and manage diseases in companion animals, livestock, and wildlife. This rapidly evolving market includes various diagnostic modalities such as clinical chemistry analyzers, hematology analyzers, immunodiagnostic tests, molecular diagnostics, urinalysis systems, and imaging technologies that enable veterinarians to make accurate clinical decisions.
The increasing focus on animal health, driven by rising pet ownership rates, growing awareness about zoonotic diseases, and the expanding livestock industry, has significantly elevated the importance of advanced veterinary diagnostic solutions. Modern veterinary diagnostics leverage cutting-edge technologies including point-of-care testing devices, digital radiography, ultrasound systems, and laboratory-based assays to provide rapid, accurate, and cost-effective diagnostic capabilities. The market serves diverse end-users including veterinary hospitals, diagnostic laboratories, research institutions, and point-of-care testing facilities, all seeking reliable diagnostic solutions to improve animal health outcomes, ensure food safety, and prevent disease transmission between animals and humans.
Market Dynamics
The global veterinary diagnostics market is propelled by several key drivers that collectively fuel its robust growth trajectory. The primary driver is the increasing pet adoption rates and humanization of pets, leading to higher spending on advanced veterinary care and diagnostic procedures. Rising prevalence of zoonotic diseases and growing awareness about their transmission from animals to humans has intensified the demand for comprehensive diagnostic testing in both companion animals and livestock. Additionally, technological advancements in diagnostic equipment, including the development of portable point-of-care devices, molecular diagnostics, and AI-powered imaging systems, have significantly improved diagnostic accuracy and speed, driving market adoption.
The expanding livestock industry, particularly in emerging economies, coupled with stringent food safety regulations, has created substantial demand for veterinary diagnostics to ensure animal health and prevent disease outbreaks. However, the market faces certain restraints that could potentially limit its growth.
High costs associated with advanced diagnostic equipment and consumables pose significant barriers, particularly for small veterinary practices and in price-sensitive markets. Limited availability of skilled veterinary professionals capable of operating sophisticated diagnostic equipment, especially in rural and developing regions, restricts market penetration. Additionally, lengthy regulatory approval processes for new diagnostic products and stringent quality control requirements can delay product launches and increase development costs. Despite these challenges, the market presents numerous opportunities for expansion. The growing focus on preventive veterinary care creates demand for routine diagnostic screening and monitoring services. Emerging markets in Asia Pacific, Latin America, and Africa offer significant growth potential due to increasing disposable incomes, growing awareness about animal health, and expanding veterinary infrastructure.
Key Features of the Study
- This report provides in-depth analysis of the global veterinary diagnostics market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global veterinary diagnostics market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include IDEXX Laboratories Inc, Zoetis Inc, Thermo Fisher Scientific Inc, Heska Corporation, Bio-Rad Laboratories Inc, Neogen Corporation, Virbac SA, Randox Laboratories Ltd, Biomerieux SA, IDvet, Fujifilm Corporation, Bionote Inc, BioChek BV, Agrolabo SpA, and Eurolyser Diagnostica GmbH.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global veterinary diagnostics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global veterinary diagnostics market.
Market Segmentation
- Product And Service Insights (Revenue, USD Bn, 2020 - 2032)
- Instruments (Analyzers, Imaging Systems)
- Consumables and Reagents (Test Kits, Panels, Slides, Stains, Media)
- Software and Services (Diagnostic Imaging Software, Laboratory Information Management Systems, Testing Services)
- Animal Type Insights (Revenue, USD Bn, 2020 - 2032)
- Companion Animals
- Dogs
- Cats
- Horses
- Others (e.g., rabbits, birds)
- Livestock Animals
- Cattle
- Pigs
- Poultry
- Sheep and Goats
- Others (e.g., camels, buffalo)
- Technology Insights (Revenue, USD Bn, 2020 - 2032)
- Immunodiagnostics
- ELISA
- Lateral Flow Assays
- Immunoassay Analyzers
- Molecular Diagnostics
- PCR
- Microarrays
- Nucleic Acid Sequencing
- Clinical Biochemistry
- Enzymology
- Electrophoresis
- Blood Chemistry Analysis
- Others (Microbiology, Parasitology Tests, Pathology)
- Diagnostic Imaging
- X-ray Systems
- Ultrasound Systems
- MRI Systems
- CT Scanners
- Endoscopy Systems
- Application Insights (Revenue, USD Bn, 2020 - 2032)
- Infectious Diseases (Viral, Bacterial, Parasitic, Fungal)
- Non-infectious Diseases (Endocrine, Oncology, Cardiology, Orthopedic, etc.)
- Hereditary/Congenital Disorders
- General Wellness and Preventive Care
- End User Insights (Revenue, USD Bn, 2020 - 2032)
- Veterinary Hospitals and Clinics
- Veterinary Reference Laboratories
- Point-of-Care Testing Centers
- Livestock Farms and Animal Breeders
- Others (Academic and Research Institutions)
- Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- IDEXX Laboratories Inc.
- Zoetis Inc.
- Thermo Fisher Scientific Inc.
- Heska Corporation
- Bio-Rad Laboratories Inc.
- Neogen Corporation
- Virbac SA
- Randox Laboratories Ltd.
- Biomerieux SA
- IDvet
- Fujifilm Corporation
- Bionote Inc.
- BioChek BV
- Agrolabo SpA
- Eurolyser Diagnostica GmbH
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Veterinary Diagnostics Market, By Product and Service
- Global Veterinary Diagnostics Market, By Animal Type
- Global Veterinary Diagnostics Market, By Technology
- Global Veterinary Diagnostics Market, By Application
- Global Veterinary Diagnostics Market, By End User
- Global Veterinary Diagnostics Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Driver
- Restraint
- Opportunity
- Impact Analysis
- Key Developments
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
- Industry Trends
4. Global Veterinary Diagnostics Market, By Product and Service, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Instruments (Analyzers, Imaging Systems)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Consumables and Reagents (Test Kits, Panels, Slides, Stains, Media)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Software and Services (Diagnostic Imaging Software, Laboratory Information Management Systems, Testing Services)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Veterinary Diagnostics Market, By Animal Type, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Companion Animals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Dogs
- Cats
- Horses
- Others (e.g., rabbits, birds)
- Livestock Animals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Cattle
- Pigs
- Poultry
- Sheep and Goats
- Others (e.g., camels, buffalo)
6. Global Veterinary Diagnostics Market, By Technology, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Immunodiagnostics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- ELISA
- Lateral Flow Assays
- Immunoassay Analyzers
- Molecular Diagnostics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- PCR
- Microarrays
- Nucleic Acid Sequencing
- Clinical Biochemistry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Enzymology
- Electrophoresis
- Blood Chemistry Analysis
- Others (Microbiology, Parasitology Tests, Pathology)
- Diagnostic Imaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- X-ray Systems
- Ultrasound Systems
- MRI Systems
- CT Scanners
- Endoscopy Systems
7. Global Veterinary Diagnostics Market, By Application, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Infectious Diseases (Viral, Bacterial, Parasitic, Fungal)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Non-infectious Diseases (Endocrine, Oncology, Cardiology, Orthopedic, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Hereditary/Congenital Disorders
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- General Wellness and Preventive Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
8. Global Veterinary Diagnostics Market, By End User, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Veterinary Hospitals and Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Veterinary Reference Laboratories
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Point-of-Care Testing Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Livestock Farms and Animal Breeders
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Others (Academic and Research Institutions)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
9. Global Veterinary Diagnostics Market, By Region, 2020 - 2032, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Product and Service, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Animal Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Product and Service, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Animal Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Product and Service, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Animal Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Product and Service, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Animal Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Product and Service, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Animal Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Product and Service, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Animal Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
- South Africa
- North Africa
- Central Africa
10. Competitive Landscape
- IDEXX Laboratories Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Zoetis Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Thermo Fisher Scientific Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Heska Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Bio-Rad Laboratories Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Neogen Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Virbac SA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Randox Laboratories Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Biomerieux SA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- IDvet
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Fujifilm Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Bionote Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- BioChek BV
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Agrolabo SpA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Eurolyser Diagnostica GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
11. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
12. References and Research Methodology
- References
- Research Methodology
- About us
