, /PRNewswire/ -- Report with market evolution powered by AI - The global animal health diagnostics market size is estimated to grow by USD 2.1 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 9.1% during the forecast period. Increase in pet humanization is driving market growth, with a trend towards growing preference for health monitors. However, rising cost of animal healthcare poses a challenge. Key market players include Bio Rad Laboratories Inc., Bio X Diagnostics SA, BioNote Inc., Ellie Diagnostics, Eurofins Scientific SE, Eurolyser Diagnostics GmbH, FUJIFILM Holdings Corp., Galaxy Diagnostics, Heska Corp., IDEXX Laboratories Inc., Mars Inc., Neogen Corp., Randox Laboratories Ltd., Secure Diagnostics Pvt. Ltd., Shenzhen Mindray BioMedical Electronics Co. Ltd, Teco Diagnostics, Thermo Fisher Scientific Inc., Vimian Group AB, and Zoetis Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Market Driver

The Animal Health Diagnostics market is experiencing significant growth due to increasing demand for preventive healthcare and pet humanization. Complete blood count (CBC) tests for animals, molecular diagnostics, and immunodiagnostic tests are trending in veterinary medicine. Diabetes diagnosis in dogs and age-related conditions are driving the need for accurate diagnostics. Regulatory environment and medicalization rate are key factors influencing the market. Technological advancements include portable diagnostic devices, clinical chemistry analyzers, and hematology analyzers. Biomarkers, reagents, and consumables are essential components of diagnostics. Diagnostic imaging, such as imaging modalities for cancer detection, is also gaining popularity. The rise in pet population, pet care spending, and production animals for dairy products are contributing factors. Emerging diseases, zoonotic diseases, and food-borne diseases require advanced diagnostics. Veterinary laboratories and diagnostic services offer diagnostic imaging, arboviral disease testing, and enzyme immunoassay. Instruments and consumables are crucial for point-of-care diagnostics. Cancer, animal diseases, and clinical chemistry tests are essential for veterinary diagnostics. Modern lifestyles and nuclear families lead to increased focus on pet health. 

Animal health companies are collaborating with tech startups to integrate technology into the pet and livestock sectors. IoT innovations, such as health monitors, are transforming animal healthcare by collecting and analyzing large datasets. This data-driven approach offers valuable insights into animal health trends and behaviors, enabling informed decisions by veterinarians and owners. In the pet market, there's increasing demand for health monitors, wearable activity trackers, video engagement, and remote monitoring. Livestock monitoring solutions provide real-time analytics for feeding and healthcare interventions. These advancements improve animal welfare and productivity in both industries. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview

This animal health diagnostics market report extensively covers market segmentation by

1.1 Companion- The pet ownership rate in the US is high, with over three-fifths of households having one or more companion animals. These pets bring joy and companionship to their owners, creating a strong emotional bond. As pet owners increasingly prioritize their animals' health, routine diagnostic screenings and preventive measures have become common practices. This proactive approach extends beyond illness diagnosis, encompassing early detection and wellness monitoring. The prevalence of chronic diseases, genetic disorders, and age-related conditions in companion animals necessitates accurate and timely diagnostic testing. This growing need for precise animal health diagnostics is expected to fuel market growth during the forecast period.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Animal Health Diagnostics market encompasses a range of products and services aimed at ensuring the health and wellbeing of various animal species. This includes veterinary diagnostics software for data management and analysis, pet health monitoring solutions, and veterinary laboratory services for diagnostic testing. Advanced veterinary diagnostics employ innovative technologies like genomics, proteomics, and metabolomics to provide accurate and timely diagnoses. Companion animal diagnostics and livestock diagnostics cater to the unique needs of these different animal groups. Veterinary point-of-care diagnostics enable rapid testing and treatment in the field, while veterinary diagnostics training and consulting services support professionals in delivering optimal care. Personalized veterinary medicine and pet health diagnostics tailor treatments to individual animals, and veterinary diagnostic research drives innovation in disease prevention and animal health. Animal disease surveillance and veterinary diagnostic testing are crucial for early detection and control of outbreaks, while veterinary diagnostic innovation continues to push the boundaries of what's possible in animal health care. Ultimately, the Animal Health Diagnostics market plays a vital role in addressing the diverse veterinary care needs of companion animals, livestock, and wildlife.

Market Research Overview

The Animal Health Diagnostics market encompasses various diagnostic techniques used in veterinary medicine to prevent, identify, and manage animal diseases. These include Complete Blood Count (CBC), clinical chemistry, hematology, immunodiagnostic tests, molecular diagnostics, and imaging modalities. Preventive healthcare is a significant trend in animal health, with an increasing focus on early diagnosis of conditions such as diabetes, cancer, and age-related diseases in pets. Technological advancements, such as portable diagnostic devices and point-of-care diagnostics, enable faster and more accurate results. The regulatory environment plays a crucial role in ensuring diagnostic accuracy and safety. Biomarkers and reagents are essential components of diagnostics, with ongoing research to develop new ones for various animal diseases. The pet humanization trend and pet insurance have driven growth in companion animal diagnostics. Production animals, including livestock and dairy products, also require diagnostic services for diseases such as campylobacteriosis, arboviral diseases, and food-borne diseases. Diagnostic laboratories and services offer specialized testing for a range of veterinary diseases and emerging conditions. Modern lifestyles and nuclear families have increased the demand for advanced veterinary diagnostics, instruments, and consumables.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Europe
• Asia
• Rest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio