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What is the Growth Potential of the Veterinary Biomarkers Market, and How Will It Perform by 2034?

In the past few years, the size of the veterinary biomarkers market has seen a rapid expansion. The market, which was valued at $0.81 billion in 2024, is projected to rise to $0.91 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.4%. Factors contributing to this growth during the historical period include the growth of the veterinary diagnostics market, a heightened emphasis on preventative care, the incorporation of biomarkers in veterinary medicine, an increase in funding for veterinary research, and a surge in the number of veterinary diagnostic labs.

The size of the veterinary biomarkers market is projected to experience a swift expansion in the coming years, culminating in a worth of $1.44 billion by 2029—a compound annual growth rate (CAGR) of 12.1%. Factors influencing this projected surge during the forecasted timeframe include an increase in animal diseases, a higher demand for individualized veterinary treatment, a boost in the need for preventive diagnostic measures, a rise in the use of digital health applications, and a more pronounced focus on animal welfare regulations. Key trends predicted for this period consist of breakthroughs in diagnostic technology, biomarker research, and biomarker discovery, along with the emergence of more user-friendly diagnostic tools and the evolution of personalized nutritional options for animals.

What Major Innovations Are Driving the Accelerated Growth of the Veterinary Biomarkers Market?

The growth of the veterinary biomarkers market is projected to accelerate due to the rise in pet ownership. An increased desire for companionship, recognition of pet therapy benefits, and heightened awareness of pets’ positive contributions to mental and physical health are all factors fueling this trend. Veterinary biomarkers play a critical role in pet ownership, helping monitor the health of animals, allowing for early spotting of diseases, and facilitating personalized treatment strategies. For instance, the American Pet Products Association, a non-profit organization based in the US, reported that in October 2023, pet ownership was seen in 86.9 million US households representing 66% of all households in 2022. Similarly, in November 2022, according to Animal Medicines Australia, an organization representing animal health in Australia, there was a 69% pet ownership rate among Australian households in 2022. Consequently, the upsurge in pet ownership is a key driver propelling the veterinary biomarkers market.

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Who Are the Major Companies Shaping the Competitive Landscape of the Veterinary Biomarkers Market?

Major companies operating in the veterinary biomarkers market are:

• Thermo Fisher Scientific Inc.

• Boehringer Ingelheim

• Merck KGaA

• Zoetis Inc.

• IDEXX Laboratories Inc.

What Are the Key Emerging Trends in the Veterinary Biomarkers Market for the Next Decade?

To gain an upper hand in the veterinary biomarkers market, leading companies are adopting strategies such as forming alliances. These partnerships often include collaborations among corporations, research facilities, and veterinary services, which aim to propel the development and application of diagnostic tools in the veterinary biomarkers sector. For instance, during July 2022, Bionote USA, a firm headquartered in the U.S. that offers point-of-care testing devices for animal healthcare, entered into a collaboration with PSIvet, a U.S.-based veterinary group purchasing organization. The alliance aims at expanding access to affordable diagnostic solutions for veterinary practices. Consequently, this partnership will empower more than 5,000 veterinary clinics in association with PSIvet to access Bionote’s Vcheck series of analyzers and biomarker tests at cost-effective rates.

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What Are the Core Categories and Segments in the Veterinary Biomarkers Market Driving Demand and Growth?

The veterinary biomarkers market covered in this report is segmented –

1) By Product Type: Biomarkers, Kits And Reagents, Biomarker Readers

2) By Disease Type: Inflammatory And Infectious Diseases, Cardiovascular Diseases, Skeletal Muscle Diseases, Tumor, Other Disease Types

3) By Animal Type: Companion Animals, Production Animals

4) By Application: Disease Diagnostics, Preclinical Research, Other Applications

Subsegments:

1) By Biomarkers: Diagnostic Biomarkers, Prognostic Biomarkers, Predictive Biomarkers, Pharmacodynamic Biomarkers

2) By Kits And Reagents: ELISA Kits, PCR Kits, Western Blotting Kits, Rapid Test Kits, Reagents For Biomarker Detection

3) By Biomarker Readers: Optical Readers, Fluorescence Readers, Luminometers, Real-Time PCR Machines, Microplate Readers

Which Regions Are Making a Mark in the Veterinary Biomarkers Market Growth?

North America was the largest region in the veterinary biomarkers market in 2024. The regions covered in the veterinary biomarkers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Is the Veterinary Biomarkers Market Categorized and Defined in the Industry?

Veterinary biomarkers are measurable indicators used to diagnose, monitor, and manage diseases in animals. They can be biological molecules, such as proteins, genes, or metabolites, which reflect a specific physiological or pathological state. These biomarkers aid in early disease detection, treatment evaluation, and understanding of disease mechanisms.

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