How the Veterinary Diagnostic Equipment Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theVeterinary Diagnostic Equipment Market?
The increasing prevalence of diseases in animals is driving the veterinary diagnostic equipment market. With rising reports of animal diseases globally, such as H5N1 avian influenza, there is a growing need for enhanced diagnostic equipment to monitor and treat affected animals. This rising demand for accurate diagnostic tools is expected to propel the veterinary diagnostic equipment market.
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#What Long-Term Growth Rate is Expected for theVeterinary Diagnostic Equipment Market Between 2025 and 2034?
The veterinary diagnostic equipment market size has grown strongly in recent years. It will grow from $1.4 billion in 2024 to $1.51 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The market’s growth is driven by the increasing pet ownership, the growth of the livestock industry, and the rising demand for preventive veterinary care and early diagnosis in companion animals.
The veterinary diagnostic equipment market is forecast to reach $1.98 billion by 2029, at a CAGR of 7.0%. Growth drivers include rising pet healthcare awareness, pandemic preparedness, animal disease control, and increased pet insurance. Trends include digital technology adoption, telemedicine, point-of-care testing, AI, and eco-friendly practices.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theVeterinary Diagnostic Equipment Market?
Veterinary diagnostic equipment manufacturers are introducing innovative technologies such as advanced blood microsampling techniques for better precision in diagnosing animal diseases. Blood microsampling allows for easier collection of blood samples from livestock and companion animals, which are then sent to labs for further analysis. For example, Neoteryx launched the Mitra microsampling device, which uses Volumetric Absorptive Micro Sampling (VAMS) technology to offer more convenient and accurate remote sampling.
Which Companies Are Leading the Charge in Expanding theVeterinary Diagnostic Equipment Market Growth?
Major companies operating in the veterinary diagnostic equipment market include IDEXX Laboratories Inc., ABAXIS Inc., HESKA Corporation, Zoetis Inc., Virbac, Mindray Medical International Limited, Neogen Corporation, QIAGEN N.V., Agfa Healthcare, Toshiba, Carestream Health, MinXray, Diagnostic Imaging Systems, BCF Technology, Sedecal, Kaixin Group Co. Ltd., Esaote S.p.A., Pfizer Inc., Thermo Fisher Scientific Inc., Henry Schein Inc., Idvet, BioMérieux SA, Randox Laboratories Ltd., Abbott Laboratories, Acon Laboratories Inc., Animal Biome, BioCHEK BV, Chison Medical Imaging Co. Ltd., DCN Dx Daignostics, General Electric Company, Hallmarq Veterinary Imaging Ltd., INDICAL Bioscience GmbH, MI:RNA Ltd., Scopio Labs Ltd., VCA Antech Inc.
How is the Global Veterinary Diagnostic Equipment Market Segemented?
The veterinary diagnostic equipment market covered in this report is segmented –
1) By Product: Hematology, Immunodiagnostics, Clinical Chemistry, Molecular Testing
2) By Animal: Livestock Cattle, Domestic Pets
3) By End Users: Hospitals And Clinics, Reference Laboratories, Universities Or Research Centers, Point-Of-Care Or In-House Testing
Subsegments:
1) By Hematology: Hematology Analyzers, Hematology Reagents And Kits
2) By Immunodiagnostics: Immunoassay Analyzers, Immunoassay Reagents And Kits
3) By Clinical Chemistry: Chemistry Analyzers, Clinical Chemistry Reagents And Kits
4) By Molecular Testing: PCR (Polymerase Chain Reaction) Machines, Molecular Testing Reagents And Kits
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Which Geographics are Influencing the Growth of the Veterinary Diagnostic Equipment Market?
North America was the largest region in the veterinary diagnostic equipment market in 2023. Asia-Pacific was the second-largest region in the global veterinary diagnostic equipment market analysis. The regions covered in the veterinary diagnostic equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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