Europe Pet Genetic Testing Service Market was valued at USD 0.50 Billion in 2022 and is projected to reach USD 1.20 Billion by 2030, growing at a CAGR of 12.00% from 2024 to 2030.
The European pet genetic testing service market has been experiencing a rapid growth in recent years, driven by increasing demand for pet health management and personalized care. With advances in genetic testing technology, pet owners now have access to detailed insights into their pets' genetic makeup, allowing for better-informed decisions regarding their pets' health, behavior, and future care. The market is segmented into various types of services, including breed identification, health screening, and trait analysis, each catering to specific needs of both pet owners and industries. As awareness around pet care rises, industries such as veterinary practices, pet insurance companies, and even pet food manufacturers are increasingly relying on genetic testing to improve products and services.
The pet genetic testing services in Europe cater to various requirements, each based on different industry needs. Veterinary clinics and hospitals are leveraging these services for diagnosing inherited diseases and offering targeted treatments. For instance, understanding a pet's genetic predispositions can help veterinarians provide preventative care, avoiding costly medical treatments down the line. Additionally, pet insurance companies are utilizing genetic testing to assess risk factors, enabling them to tailor policies more accurately and reduce claims related to genetic disorders.
Pet food manufacturers have also recognized the importance of genetic testing, as it allows for the development of customized nutritional plans based on a pet's genetic profile. This can lead to better health outcomes and more satisfied customers. Moreover, the increasing focus on breed-specific issues has further fueled the demand for breed identification and health screening tests. Genetic testing is becoming a critical tool in ensuring the well-being of pets by offering insights into their individual needs and potential health risks.
The market for pet genetic testing services is expected to expand even further as the technology becomes more affordable and accessible to a larger consumer base. With the increasing adoption of these services, the European pet genetic testing service market is set to continue its growth, revolutionizing the way pet care and pet-related industries operate.
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Wisdom Panel
Embark
DNA My Dog
Orivet
MGI
Bioinformagics
Wisdom Pet
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 Europe Pet Genetic Testing Service Market
Comprehensive Genetic Testing
Targeted Genetic Testing
Carrier Testing
Breed Identification Testing
Dogs
Cats
Other Pets (e.g., rabbits, ferrets)
Health Screening
Breeding Decisions
Behavioral Analysis
Ancestry and Lineage Exploration
Pet Owners
Veterinarians
Breeders
Shelters and Rescue Organizations
Online Platforms
Veterinary Clinics
Pet Supply Retailers
Direct Mail and Home Testing Kits
US (United States, US 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 Europe Pet Genetic Testing Service 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. Europe Pet Genetic Testing Service Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Pet Genetic Testing Service Market, By Type
6. Europe Pet Genetic Testing Service Market, By Application
7. Europe Pet Genetic Testing Service Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Pet Genetic Testing Service Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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