Companion Animal Diagnostic Services Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What External and Internal Drivers Are Contributing to the Growth of theCompanion Animal Diagnostic Services Market?
The rise in pet ownership is anticipated to drive the expansion of the companion animal diagnostic services market. This surge is largely due to increased desire for pet companionship that offers emotional support, better mental and physical health, lifestyle preferences, and cultural or social impacts. Companion animal diagnostic services augment pet ownership by offering early and precise disease detection, thus enabling prompt treatments and enhancing overall pet health. For example, the UK Parliament – a legislative body based in the UK, reported in April 2023 that pet ownership among UK adults had risen to 53%, up from 51% in February 2020. As a result, the surge in pet ownership is fuelling the growth of the companion animal diagnostic services market.
Get Your Free Sample Report Now – Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20540&type=smp
#What is the Growth Potential of the Companion Animal Diagnostic Services Market, and How Will It Perform by 2034?
The market size for companion animal diagnostic services has seen significant expansion lately. Anticipated growth projects that the market will rise from $6.93 billion in 2024 to $7.53 billion in 2025, showing a compound annual growth rate (CAGR) of 8.7%. The historical growth can be traced back to several factors like an upsurge in pet ownership, a higher occurrence of zoonotic diseases, increased spending on pet healthcare, growing demand for preventive healthcare, and governmental efforts and guidelines.
Significant expansion is anticipated in the companion animal diagnostic services market over the next few years, potentially reaching $10.39 billion in 2029 with an 8.4% compound annual growth rate (CAGR). The forecasted growth can be ascribed to a surge in pet population, the spread of telemedicine for pets, an increase in pet insurance adoption, emphasis on early disease detection, as well as growth in veterinary clinics and hospitals. Leading trends for the forecasted period incorporate AI and machine learning integration, the embracing of telemedicine, breakthroughs in advanced biomarkers and genetic testing, the advancement of wearable pet health technology, enhanced diagnostic tools available at point-of-care, and innovative developments in non-invasive diagnostic methods.
You can Directly Purchase the Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20540
Which Upcoming Market Trends and Innovations Are Set to Influence theCompanion Animal Diagnostic Services Market’s Path Forward?
Significant companies in the companion animal diagnostic services market are introducing genetic screening kits to aid in the detection of inherited diseases and susceptibility to specific illnesses. This type of screening permits vets to spot genetic disorders, thereby allowing for early intervention and better health results. For instance, Neogen Corporation, an American biotech research firm, unveiled My CatScan 2.0 in June 2023. This product simplifies genetic screening with a straightforward cheek swab. It can identify over 120 genetic health issues and supplies personalized insights based on breed, organ system, or symptoms. This bespoke approach delivers crucial data for making well-informed choices about a cat’s health.
Who Are the Dominant Market Players Pushing the Boundaries of theCompanion Animal Diagnostic Services Market?
Major companies operating in the companion animal diagnostic services market are Mars Incorporated, Thermo Fisher Scientific Inc., Fujifilm Holdings Corporation, Zoetis Services LLC, Eurofins Scientific SE, Patterson Companies Inc., Charles River Laboratories, SYNLAB Group, IDEXX Laboratories Inc., Independent Vetcare Limited, Virbac SA, CVS Group Plc, Neogen Corporation, Randox Laboratories Limited, Greencross Vets, Heska Corporation, Abaxis Inc., Gribbles Veterinary Pathology, i-SENS Inc., Innovative Diagnostics SAS, Embark Veterinary Inc., NationWide Laboratories, Demeditec Diagnostics GmbH, Universal Biosensors Inc., Companion Animal Medical Center
Order Your Report Now For A Swift Delivery:
What Are the Core Segments of the Companion Animal Diagnostic Services Market, and How Do They Contribute to Growth?
The companion animal diagnostic services market covered in this report is segmented –
1) By Type: Point-Of-Care (POC), Laboratory-Based
2) By Animal Type: Dogs, Cats, Horses, Other Animal Types
3) By Testing Category: Clinical Chemistry, Microbiology, Parasitology, Histopathology, Cytopathology, Hematology, Immunology And Serology, Imaging, Molecular Diagnostics, Other Testing Categories
Subsegments:
1) By Point-Of-Care (POC): Rapid Diagnostic Tests, Portable Diagnostic Devices, In-Clinic Testing Services, Blood Glucose Monitors
2) By Laboratory-Based: Clinical Pathology Services, Imaging Services, Histopathology And Cytology, Microbiology And Infectious Disease Testing, Genetic Testing Services
Gain Exclusive Market Insights—Customize Your Research Report Today for Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=20540&type=smp
What Regions Are Dominating the Companion Animal Diagnostic Services Market Growth?
North America was the largest region in the companion animal diagnostic services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the companion animal diagnostic services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Browse Through More Reports Similar to the Global Companion Animal Diagnostic Services Market 2025, By The Business Research Company:
Veterinary Medical Equipment Global Market Report 2025
https://www.thebusinessresearchcompany.com/report/veterinary-medical-equipment-global-market-report
Veterinary Anesthesia Equipment Global Market Report 2025
Veterinary Patient Monitoring Equipment Global Market Report 2025
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
