Veterinary Infectious Disease Diagnostics Market Size to Exceed $3.07 Billion by 2029 | Growth and Industry Trends
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How Has the Veterinary Infectious Disease Diagnostics Market Grown from 2024 to 2025?
In recent times, there has been significant growth in the market size of veterinary infectious disease diagnostics. Rising from $1.93 billion in 2024, it’s projected to reach $2.11 billion in 2025, showcasing a compound annual growth rate (CAGR) of 9.1%. This growth during the historical period can be attributed to rising pet ownership, advancements in veterinary medicine, humanization of pets, and regulatory support.
What Growth Rate Is Anticipated for the Veterinary Infectious Disease Diagnostics Market in the Coming Years?
Experts predict that the size of the veterinary infectious disease diagnostics market will experience a notable expansion in the coming years. By 2029, it is anticipated to reach $3.07 billion, at a Compound Annual Growth Rate (CAGR) of 9.8%. The upswing over the forecast period is fueled by factors such as rising emergent diseases, advancements in research and development, global evolution in veterinary procedures, and an expanding livestock demographic. Key trends for the forecast period encompass technological breakthroughs, swift uptake of point-of-care testing, incorporation of molecular diagnostics, the digitization of veterinary healthcare, widening of product assortments, the forging of collaborations and partnerships, and the development of tailor-made diagnostics for various animal species.
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Who Are the Leading Companies in the Veterinary Infectious Disease Diagnostics Market?
Major companies operating in the veterinary infectious disease diagnostics market include Zoetis Inc., IDEXX Laboratories Inc., Thermo Fisher Scientific Inc., QIAGEN N. V., IDvet, NEOGEN Corporation, INDICAL BIOSCIENCE GmbH, Randox Laboratories Ltd, Creative Diagnostics, Heska Corporation, Chembio Diagnostics Inc., URIT Medical Electronic Co. Ltd., NTBIO Diagnostics Inc., Bio-X Diagnostics, Agrolabo Spa, Virbac, Covetrus Inc., Biomerieux S. A., Bio-Rad Laboratories Inc., Eurofins Scientific SE, Fujifilm Wako Pure Chemical Corporation, GenScript Biotech Corporation, Merck KGaA, MP Biomedicals LLC, Quidel Corporation, Roche Diagnostics Corporation, Siemens Healthineers AG, Sysmex Corporation, VCA Inc., Vetoquinol SA
What Are the Key Drivers of the Veterinary Infectious Disease Diagnostics Market?
The veterinary infectious disease diagnostics market’s growth is likely to be driven by the escalating cases of cross-border and zoonotic diseases like rabies. Zoonoses include illnesses and infections that spontaneously transition between humans and vertebrate creatures. Veterinary infectious disease diagnostics are leveraged to identify rabies in animals and pets, thereby preventing fatal outcomes. According to the World Health Organization (WHO), a Swiss-based government institution, in 2022, more than 150 countries and territories reported the presence of rabies. Dogs are identified as the primary source of human rabies deaths, leading up to 99% of all rabies transmissions. Notably, 40% of individuals bitten by potentially rabid animals are children under 15 years of age. Annually, the infection claims tens of thousands of lives, predominantly in Asia and Africa. Hence, the rising cases of cross-border and zoonotic illnesses are fuelling the expansion of the veterinary infectious disease diagnostics market.
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What Are the Key Market Segments in the Veterinary Infectious Disease Diagnostics Industry?
The veterinary infectious disease diagnostics market covered in this report is segmented –
1) By Infection Type: Viral Infections, Bacterial Infections, Parasitic Infections, Other Infections
2) By Animal Type: Companion Animal, Food-Producing Animals
3) By Technology: Immunodiagnostics, Molecular Diagnostic, Other Technologies
4) By End User: Reference Laboratories, Veterinary Hospitals And Clinics, Point Of Care, Research Institutes And Universities, Other End Users
Subsegments:
1) By Viral Infections: Canine Parvovirus, Feline Leukemia Virus, Avian Influenza Virus
2) By Bacterial Infections: Canine Bordetella, Leptospirosis, Salmonellosis
3) By Parasitic Infections: Fleas And Ticks, Heartworm, Giardia
4) By Other Infections: Fungal Infections, Mycoplasma Infections
What Are the Latest Trends in the Veterinary Infectious Disease Diagnostics Market?
Emerging technological developments have become a prominent trend in the domain of veterinary infectious disease diagnostics. Numerous prominent firms in this market are creating disruptive technological solutions to maintain their market dominance. For instance, in February 2022, a US firm dedicated to creating animal medications, Merck Animal Health, unveiled its electronic ear tag technology called SenseHub Feedlot. This technology utilizes a reusable ear tag, an antenna installed, and an infrared thermistor that gathers, secures, and disseminates data from a gateway to a platform for data. More rapid and accurate detection of illness, early disease diagnosis, and improved pain management in cattle compared to visual inspection are some of the benefits offered by this technology-enabled solution, the SenseHub Feedlot.
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What Are the Key Regional Markets in the Veterinary Infectious Disease Diagnostics Industry?
North America was the largest region in the veterinary disease diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary infectious disease diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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This Report Delivers Insight On:
1. How big is the veterinary infectious disease diagnostics market, and how is it changing globally?
2. Who are the major companies in the veterinary infectious disease diagnostics market, and how are they performing?
3. What are the key opportunities and risks in the veterinary infectious disease diagnostics market right now?
4. Which products or customer segments are growing the most in the veterinary infectious disease diagnostics market?
5. What factors are helping or slowing down the growth of the veterinary infectious disease diagnostics market?
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