Animal Health Diagnostics and Therapeutics Market was valued at USD 6.9 Billion in 2022 and is projected to reach USD 10.1 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The Animal Health Diagnostics and Therapeutics Market from 2018 to 2022 showed consistent growth, driven by rising awareness around animal diseases, advancements in diagnostic technologies, and an increasing demand for improved therapeutics. The market saw the adoption of innovative diagnostic tools like PCR tests, enzyme-linked immunosorbent assays (ELISA), and advanced imaging techniques, all contributing to faster and more accurate disease detection in animals. Meanwhile, therapeutics, particularly vaccines and antibiotics, gained traction in preventing and treating infections across various animal species. The integration of digital tools and AI in diagnostics has also played a significant role in enhancing the accuracy of test results.
The period from 2023 to 2033 is expected to witness a continued expansion of the Animal Health Diagnostics and Therapeutics Market. One key trend expected to shape the future of the market is the growing demand for personalized veterinary care. Advances in genomics and molecular biology will lead to more precise treatments tailored to individual animals, significantly improving therapeutic outcomes. Furthermore, as zoonotic diseases become a growing concern globally, diagnostics in veterinary medicine are likely to take center stage. The increasing integration of AI, big data, and machine learning into diagnostic platforms is anticipated to revolutionize the way veterinarians detect, monitor, and treat animal diseases.
As pet ownership continues to rise, particularly in regions like North America and Europe, the demand for animal health diagnostics and therapeutics is expected to increase. The rise in disposable income, especially in developing countries, coupled with growing awareness about animal health, will contribute to market growth. Additionally, the increasing prevalence of chronic diseases in companion animals and livestock is another driver for the expansion of diagnostics and therapeutics in the veterinary space.
The global animal health diagnostics market is predicted to expand significantly, with diagnostic imaging, molecular diagnostics, and immunodiagnostics at the forefront of these developments. Furthermore, the growing trend of preventive care and the use of vaccines is expected to play a pivotal role in the therapeutics segment. Technological advancements, coupled with the growing emphasis on animal welfare, are expected to transform the market landscape significantly from 2023 to 2033.
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IDEXX Laboratories
Abaxis
Thermo Fisher Scientific
Neogen
Heska
Zoetis
QIAGEN
Biomerieux
Virbac
Randox Laboratories
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Animal Health Diagnostics and Therapeutics Market
Veterinary Hospitals
Veterinary Clinics
Based on Types the Market is categorized into Below types that held the largest Animal Health Diagnostics and Therapeutics market share In 2023.
Instruments
Consumables
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Animal Health Diagnostics and Therapeutics Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Animal Health Diagnostics and Therapeutics Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Animal Health Diagnostics and Therapeutics Market, By Type
6. Global Animal Health Diagnostics and Therapeutics Market, By Application
7. Global Animal Health Diagnostics and Therapeutics Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Animal Health Diagnostics and Therapeutics Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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