Market Overview:
The global companion animal diagnostics market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for companion animals, rising awareness about animal health, and technological advancements in the field of companion animal diagnostics. The global companion animal diagnostics market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into clinical biochemistry, urinalysis, immunodiagnostic, hematology molecular diagnostics. Clinical pathology accounted for majority share in 2016 and it is projected to grow at a CAGR of 6% during forecast period owing to increase in number pet ownership across globe coupled with rising incidences infectious diseases among pets .
Product Definition:
Companion Animal Diagnostics is the term used for diagnostic tests that are ordered to help diagnose and treat diseases in companion animals, such as dogs and cats. Companion Animal Diagnostics are important because they can help veterinarians determine the cause of an animal's illness and prescribe the appropriate treatment.
Global Companion Animal Diagnostics Market Size Growth Rate : 2016 VS 2021 VS 2027:
Global companion animal diagnostics market was valued at USD 3,01 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 11.4% from 2021 to 2027. The rising demand for efficient diagnostic tools in the veterinary field along with increasing pet population is anticipated to drive the market growth over the forecast period. According to American Pet Products Association, there were 94 million households with pets in U.S.
Clinical Biochemistry:
The clinical biochemistry market is expected to witness lucrative growth over the forecast period owing to increasing prevalence of chronic diseases in pets and rising demand for pet insurance. Clinical biochemistry is a part of diagnostic laboratory tests that involve analysis of body fluids, such as urine, blood, serum or plasma, and other body tissues. These tests are used for detecting the presence or analyzing certain substances in the samples taken from companion animals as well as humans.
Application Insights:
The global companion animal diagnostics market is segmented by application into clinical pathology, bateriology, parasitology and hematology/laboratory medicine. Clinical pathology held the largest share in 2016 owing to the increasing number of veterinary practices and a rise in pet ownership across the globe. Companion animals require regular health checkups to identify disorders early so that they can be treated effectively. Thus, this factor is expected to fuel growth during the forecast period.
Bacteriology also holds significant share owing to its wide applications across various species including dogs, cats and horses among others which increases demand for diagnostic tests such as bacterial culture & identification methods for identifying microorganisms that cause infections in these animals¢â‚¬â„¢ urine or blood samples are sent for analysis at a laboratory equipped with advanced testing facilities resulting into increased demand for Gcad services worldwide.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2019. The presence of well-established healthcare infrastructure, high animal population and increasing pet ownership are some factors responsible for its large share. According to an AAPA survey, around 60% of U.S households owned at least one dog while 44% household own cats in 2017.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rapid urbanization and growing disposable income among people with pets & livestock animals Besides this, favorable government initiatives such as subsidies on tests and vaccines will boost market growth during the forecast period The Middle East & Africa region is also estimated to exhibit a lucrative CAGR due mainly expanding pet population coupled with improving economic conditions especially after Saudi Arabia’s Vision 2030 initiative was announced which includes plans for developing veterinary services sector along with other sectors including agriculture.
Growth Factors:
- Increasing demand for companion animals
- Rising awareness about animal health and preventive care
- Growing number of veterinary clinics and hospitals
- Technological advancements in diagnostics equipment and methods
- Proliferation of pet insurance
Scope Of The Report
Report Attributes
Report Details
Report Title
Companion Animal Diagnostics Market Research Report
By Type
Global Companion Animal Diagnostics Market Size Growth Rate : 2016 VS 2021 VS 2027, Clinical Biochemistry, Urinalysis, Immunodiagnostic, Hematology, Molecular Diagnostics
By Application
Global Companion Animal Diagnostics Market Share : 2016 VS 2021 VS 2027, Clinical Pathology, Bacteriology, Parasitology
By Companies
IDEXX Laboratories, Zoetis, Thermo Fisher Scientific, Virbac, Heska Corporation, Neogen Corporation, bioMérieux SA, IDvet, INDICAL Bioscience GmbH, Randox Laboratories
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Companion Animal Diagnostics Market Report Segments:
The global Companion Animal Diagnostics market is segmented on the basis of:
Types
Global Companion Animal Diagnostics Market Size Growth Rate : 2016 VS 2021 VS 2027, Clinical Biochemistry, Urinalysis, Immunodiagnostic, Hematology, Molecular Diagnostics
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Global Companion Animal Diagnostics Market Share : 2016 VS 2021 VS 2027, Clinical Pathology, Bacteriology, Parasitology
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IDEXX Laboratories
- Zoetis
- Thermo Fisher Scientific
- Virbac
- Heska Corporation
- Neogen Corporation
- bioMérieux SA
- IDvet
- INDICAL Bioscience GmbH
- Randox Laboratories
Highlights of The Companion Animal Diagnostics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Global Companion Animal Diagnostics Market Size Growth Rate : 2016 VS 2021 VS 2027
- Clinical Biochemistry
- Urinalysis
- Immunodiagnostic
- Hematology
- Molecular Diagnostics
- By Application:
- Global Companion Animal Diagnostics Market Share : 2016 VS 2021 VS 2027
- Clinical Pathology
- Bacteriology
- Parasitology
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Companion Animal Diagnostics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Companion Animal Diagnostics is a veterinary diagnostic laboratory that provides testing for diseases and conditions in companion animals. The lab offers tests for bacteria, viruses, parasites, cancer, and other diseases.
Some of the major companies in the companion animal diagnostics market are IDEXX Laboratories, Zoetis, Thermo Fisher Scientific, Virbac, Heska Corporation, Neogen Corporation, bioM©rieux SA, IDvet, INDICAL Bioscience GmbH, Randox Laboratories.
The companion animal diagnostics market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Companion Animal Diagnostics Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Companion Animal Diagnostics Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Companion Animal Diagnostics Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Companion Animal Diagnostics Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Companion Animal Diagnostics Market Size & Forecast, 2018-2028 4.5.1 Companion Animal Diagnostics Market Size and Y-o-Y Growth 4.5.2 Companion Animal Diagnostics Market Absolute $ Opportunity
Chapter 5 Global Companion Animal Diagnostics Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Companion Animal Diagnostics Market Size Forecast by Type
5.2.1 Global Companion Animal Diagnostics Market Size Growth Rate : 2016 VS 2021 VS 2027
5.2.2 Clinical Biochemistry
5.2.3 Urinalysis
5.2.4 Immunodiagnostic
5.2.5 Hematology
5.2.6 Molecular Diagnostics
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Companion Animal Diagnostics Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Companion Animal Diagnostics Market Size Forecast by Applications
6.2.1 Global Companion Animal Diagnostics Market Share : 2016 VS 2021 VS 2027
6.2.2 Clinical Pathology
6.2.3 Bacteriology
6.2.4 Parasitology
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Companion Animal Diagnostics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Companion Animal Diagnostics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Companion Animal Diagnostics Analysis and Forecast
9.1 Introduction
9.2 North America Companion Animal Diagnostics Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Companion Animal Diagnostics Market Size Forecast by Type
9.6.1 Global Companion Animal Diagnostics Market Size Growth Rate : 2016 VS 2021 VS 2027
9.6.2 Clinical Biochemistry
9.6.3 Urinalysis
9.6.4 Immunodiagnostic
9.6.5 Hematology
9.6.6 Molecular Diagnostics
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Companion Animal Diagnostics Market Size Forecast by Applications
9.10.1 Global Companion Animal Diagnostics Market Share : 2016 VS 2021 VS 2027
9.10.2 Clinical Pathology
9.10.3 Bacteriology
9.10.4 Parasitology
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Companion Animal Diagnostics Analysis and Forecast
10.1 Introduction
10.2 Europe Companion Animal Diagnostics Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Companion Animal Diagnostics Market Size Forecast by Type
10.6.1 Global Companion Animal Diagnostics Market Size Growth Rate : 2016 VS 2021 VS 2027
10.6.2 Clinical Biochemistry
10.6.3 Urinalysis
10.6.4 Immunodiagnostic
10.6.5 Hematology
10.6.6 Molecular Diagnostics
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Companion Animal Diagnostics Market Size Forecast by Applications
10.10.1 Global Companion Animal Diagnostics Market Share : 2016 VS 2021 VS 2027
10.10.2 Clinical Pathology
10.10.3 Bacteriology
10.10.4 Parasitology
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Companion Animal Diagnostics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Companion Animal Diagnostics Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Companion Animal Diagnostics Market Size Forecast by Type
11.6.1 Global Companion Animal Diagnostics Market Size Growth Rate : 2016 VS 2021 VS 2027
11.6.2 Clinical Biochemistry
11.6.3 Urinalysis
11.6.4 Immunodiagnostic
11.6.5 Hematology
11.6.6 Molecular Diagnostics
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Companion Animal Diagnostics Market Size Forecast by Applications
11.10.1 Global Companion Animal Diagnostics Market Share : 2016 VS 2021 VS 2027
11.10.2 Clinical Pathology
11.10.3 Bacteriology
11.10.4 Parasitology
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Companion Animal Diagnostics Analysis and Forecast
12.1 Introduction
12.2 Latin America Companion Animal Diagnostics Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Companion Animal Diagnostics Market Size Forecast by Type
12.6.1 Global Companion Animal Diagnostics Market Size Growth Rate : 2016 VS 2021 VS 2027
12.6.2 Clinical Biochemistry
12.6.3 Urinalysis
12.6.4 Immunodiagnostic
12.6.5 Hematology
12.6.6 Molecular Diagnostics
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Companion Animal Diagnostics Market Size Forecast by Applications
12.10.1 Global Companion Animal Diagnostics Market Share : 2016 VS 2021 VS 2027
12.10.2 Clinical Pathology
12.10.3 Bacteriology
12.10.4 Parasitology
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Companion Animal Diagnostics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Companion Animal Diagnostics Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Companion Animal Diagnostics Market Size Forecast by Type
13.6.1 Global Companion Animal Diagnostics Market Size Growth Rate : 2016 VS 2021 VS 2027
13.6.2 Clinical Biochemistry
13.6.3 Urinalysis
13.6.4 Immunodiagnostic
13.6.5 Hematology
13.6.6 Molecular Diagnostics
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Companion Animal Diagnostics Market Size Forecast by Applications
13.10.1 Global Companion Animal Diagnostics Market Share : 2016 VS 2021 VS 2027
13.10.2 Clinical Pathology
13.10.3 Bacteriology
13.10.4 Parasitology
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Companion Animal Diagnostics Market: Competitive Dashboard
14.2 Global Companion Animal Diagnostics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IDEXX Laboratories
14.3.2 Zoetis
14.3.3 Thermo Fisher Scientific
14.3.4 Virbac
14.3.5 Heska Corporation
14.3.6 Neogen Corporation
14.3.7 bioMérieux SA
14.3.8 IDvet
14.3.9 INDICAL Bioscience GmbH
14.3.10 Randox Laboratories