Animal Health Diagnostics Market size to grow by USD 1,956.81 million from 2022 to 2027, Increase in pet humanization to boost the growth in the market - Technavio

NEW YORK, June 15, 2023 /PRNewswire/ -- The global animal health diagnostics market size is estimated to increase by USD 1,956.81 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 9.63% during the forecast period. The increase in pet humanization is the major factor that drives the global animal health diagnostics market growth. The increasing humanization of pets by families is one of the primary factors that drive the global market. Humanization refers to the treatment of pets like members of the family and with millennials, the practice of keeping pets for functional purposes is decreasing. Rather than that, pets are increasingly adopted as members of urban families. For instance, today, most people do not expect their dogs to sleep outside the house and protect them. Hence, such factors drive the market growth during the forecast period. Discover some insights on the market size historic period (2017 to 2021) and Forecast 2023-2027 before buying the full report -Request a sample report

Animal health diagnostics market – Vendor Analysis

Vendor Landscape - The global animal health diagnostics market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer animal health diagnostics in the market are Bio Rad Laboratories Inc., Bio X Diagnostics SA, BioNote Inc., Eurofins Scientific SE, Eurolyser Diagnostics GmbH, FUJIFILM Corp., Heska Corp., Id Vet India Pvt. Ltd., IDEXX Laboratories Inc., INDICAL Bioscience GmbH, Neogen Corp., Randox Laboratories Ltd., Shenzhen Mindray BioMedical Electronics, SWISSAVANS AG, Teco Diagnostics, URIT Medical Electronic Co. Ltd., VCA Inc., Virbac Group, Zoetis Inc., and Thermo Fisher Scientific Inc. and others.

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Vendor Offerings -

• Bio Rad Laboratories Inc. - The company offers animal health diagnostics such as Antimicrobial Susceptibility Testing, Rabies Diagnosis Testing.
• Bio X Diagnostics SA - The company offers animal health diagnostics namely SmartStrips.
• BioNote Inc. - The company offers animal health diagnostics namely Vcheck F.
• For details on the vendor and their offerings – Request a sample report

Animal Health Diagnostics Market - Segmentation Assessment

Segment Overview

This market report extensively covers market segmentation by type (livestock and companion), end-user (veterinary hospitals, veterinary clinics, and diagnostic centers), and geography (North America, Europe, Asia, and Rest of World (ROW)).

• The market share growth by the livestock segment is estimated to be significant during the forecast period. In rural households, livestock serves as a source of income, food supply, asset saving, employment, and livelihood. It also helps in retaining soil fertility and maintaining agricultural traction. In addition, livestock helps with agricultural diversification along with sustainable agricultural production. Furthermore, the use of livestock and its sub-products is crucial for improving crop production. Livestock is also used for transporting agricultural inputs and outputs. Hence, such factors will drive the growth of this segment during the forecast period.

Geography Overview

By geography, the global animal health diagnostics market is segmented into North America, Europe, Asia, and Rest of World (ROW). The report provides actionable insights and estimates the contribution of all regions to the growth of the global animal health diagnostics market.

• North America is estimated to account for 58% of the market's growth during the forecast period. The growth of the market in the region can be attributed to factors such as the rising humanization of dogs and cats. Moreover, in countries such as the US, the population of millennials is increasing. The rise in the adoption of pets among millennials will further drive market growth in this region.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Animal Health Diagnostics Market – Market Dynamics

Key Trends - 

• The growing preference for health monitors is an emerging trend in the global animal health diagnostics market.
• To penetrate both the pet sector and the livestock industry by sourcing their innovations from startups, major animal health companies are creating opportunities for the technology. 
• The IoT changes the way in which animal healthcare was approached previously.
• There is a rise in demand for health monitors and wearable activity, as well as video-enabled engagement and remote monitoring, in the pet sector.
• Hence, such trends influence the growth of the market during the forecast period.

Major challenges -

• The rising cost of animal healthcare is a primary challenge hindering the global animal health diagnostics market growth. 
• There is a significant increase in the cost of routine and surgical vet visits.
• Also, there is a large percentage of pet owners in the US that are below the poverty line and cannot afford the high veterinarian costs.
• Advanced technology, increased preventive care, and liability concerns among doctors are some of the other reasons for the high costs.
• Hence, such challenges impede the market growth of veterinary diagnostics during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Animal Health Diagnostics Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the animal health diagnostics market between 2023 and 2027
• Precise estimation of the size of the animal health diagnostics market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the animal health diagnostics market across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of animal health diagnostics market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global animal health diagnostics market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global animal health diagnostics market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Livestock - Market size and forecast 2022-2027
• Exhibit 34: Chart on Livestock - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Livestock - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Livestock - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Livestock - Year-over-year growth 2022-2027 (%)

• 6.4 Companion - Market size and forecast 2022-2027
• Exhibit 38: Chart on Companion - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Companion - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Companion - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Companion - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 7.3 Veterinary hospitals - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Veterinary hospitals - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Veterinary hospitals - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Veterinary hospitals - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Veterinary hospitals - Year-over-year growth 2022-2027 (%)

• 7.4 Veterinary clinics - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Veterinary clinics - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Veterinary clinics - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Veterinary clinics - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Veterinary clinics - Year-over-year growth 2022-2027 (%)

• 7.5 Diagnostic centers - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Diagnostic centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Diagnostic centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Diagnostic centers - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Diagnostic centers - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by End-user 
• Exhibit 59: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027
• Exhibit 73: Chart on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 UK - Market size and forecast 2022-2027
• Exhibit 85: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027
• Exhibit 97: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 Bio Rad Laboratories Inc. 
• Exhibit 108: Bio Rad Laboratories Inc. - Overview
• Exhibit 109: Bio Rad Laboratories Inc. - Business segments
• Exhibit 110: Bio Rad Laboratories Inc. - Key news
• Exhibit 111: Bio Rad Laboratories Inc. - Key offerings
• Exhibit 112: Bio Rad Laboratories Inc. - Segment focus

• 12.4 Bio X Diagnostics SA 
• Exhibit 113: Bio X Diagnostics SA - Overview
• Exhibit 114: Bio X Diagnostics SA - Product / Service
• Exhibit 115: Bio X Diagnostics SA - Key offerings

• 12.5 BioNote Inc. 
• Exhibit 116: BioNote Inc. - Overview
• Exhibit 117: BioNote Inc. - Product / Service
• Exhibit 118: BioNote Inc. - Key offerings

• 12.6 Eurofins Scientific SE 
• Exhibit 119: Eurofins Scientific SE - Overview
• Exhibit 120: Eurofins Scientific SE - Business segments
• Exhibit 121: Eurofins Scientific SE - Key news
• Exhibit 122: Eurofins Scientific SE - Key offerings
• Exhibit 123: Eurofins Scientific SE - Segment focus

• 12.7 Eurolyser Diagnostics GmbH 
• Exhibit 124: Eurolyser Diagnostics GmbH - Overview
• Exhibit 125: Eurolyser Diagnostics GmbH - Product / Service
• Exhibit 126: Eurolyser Diagnostics GmbH - Key offerings

• 12.8 FUJIFILM Corp. 
• Exhibit 127: FUJIFILM Corp. - Overview
• Exhibit 128: FUJIFILM Corp. - Business segments
• Exhibit 129: FUJIFILM Corp. - Key news
• Exhibit 130: FUJIFILM Corp. - Key offerings
• Exhibit 131: FUJIFILM Corp. - Segment focus

• 12.9 Heska Corp. 
• Exhibit 132: Heska Corp. - Overview
• Exhibit 133: Heska Corp. - Business segments
• Exhibit 134: Heska Corp. - Key news
• Exhibit 135: Heska Corp. - Key offerings
• Exhibit 136: Heska Corp. - Segment focus

• 12.10 Id Vet India Pvt. Ltd. 
• Exhibit 137: Id Vet India Pvt. Ltd. - Overview
• Exhibit 138: Id Vet India Pvt. Ltd. - Product / Service
• Exhibit 139: Id Vet India Pvt. Ltd. - Key offerings

• 12.11 IDEXX Laboratories Inc. 
• Exhibit 140: IDEXX Laboratories Inc. - Overview
• Exhibit 141: IDEXX Laboratories Inc. - Business segments
• Exhibit 142: IDEXX Laboratories Inc. - Key news
• Exhibit 143: IDEXX Laboratories Inc. - Key offerings
• Exhibit 144: IDEXX Laboratories Inc. - Segment focus

• 12.12 Randox Laboratories Ltd. 
• Exhibit 145: Randox Laboratories Ltd. - Overview
• Exhibit 146: Randox Laboratories Ltd. - Product / Service
• Exhibit 147: Randox Laboratories Ltd. - Key offerings

• 12.13 SWISSAVANS AG 
• Exhibit 148: SWISSAVANS AG - Overview
• Exhibit 149: SWISSAVANS AG - Product / Service
• Exhibit 150: SWISSAVANS AG - Key offerings

• 12.14 Teco Diagnostics 
• Exhibit 151: Teco Diagnostics - Overview
• Exhibit 152: Teco Diagnostics - Product / Service
• Exhibit 153: Teco Diagnostics - Key offerings

• 12.15 Thermo Fisher Scientific Inc. 
• Exhibit 154: Thermo Fisher Scientific Inc. - Overview
• Exhibit 155: Thermo Fisher Scientific Inc. - Business segments
• Exhibit 156: Thermo Fisher Scientific Inc. - Key news
• Exhibit 157: Thermo Fisher Scientific Inc. - Key offerings
• Exhibit 158: Thermo Fisher Scientific Inc. - Segment focus

• 12.16 Virbac Group 
• Exhibit 159: Virbac Group - Overview
• Exhibit 160: Virbac Group - Business segments
• Exhibit 161: Virbac Group - Key news
• Exhibit 162: Virbac Group - Key offerings
• Exhibit 163: Virbac Group - Segment focus

• 12.17 Zoetis Inc. 
• Exhibit 164: Zoetis Inc. - Overview
• Exhibit 165: Zoetis Inc. - Business segments
• Exhibit 166: Zoetis Inc. - Key news
• Exhibit 167: Zoetis Inc. - Key offerings
• Exhibit 168: Zoetis Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 169: Inclusions checklist
• Exhibit 170: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 171: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 172: Research methodology
• Exhibit 173: Validation techniques employed for market sizing
• Exhibit 174: Information sources

• 13.5 List of abbreviations 
• Exhibit 175: List of abbreviations

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