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How has the veterinary infectious disease diagnostics market grown in recent years?
The market size for veterinary infectious disease diagnostics has seen robust growth in the recent past. The market value is expected to increase from $1.93 billion in 2024 to $2.11 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%. The rise during the historical period can be credited to factors such as a surge in pet ownership, advancements in the field of veterinary medicine, treating pets as family members, and supportive regulations.
How is the veterinary infectious disease diagnostics market size expected to evolve during the forecast period?
In the coming years, we can anticipate robust expansion in the market of veterinary infectious disease diagnostics. It’s projected to surge to $3.07 billion by 2029, with a CAGR of 9.8%. This anticipated growth during the forecast period can be credited to factors such as the rise of new diseases, enhancement in research and development, worldwide adoption of veterinary practices, and an increasing population of livestock. Key trends in this period include the emergence of technological advancements, fast-paced adoption of point-of-care testing, the integration of molecular diagnostics, novel developments in veterinary healthcare, product portfolio expansion, as well as partnerships and collaborations, and tailored diagnostics for diverse animal species.
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Which key drivers are propelling the veterinary infectious disease diagnostics market’s growth?
The escalating prevalence of cross-border and zoonotic diseases such as rabies is anticipated to fuel the expansion of the veterinary infectious disease diagnostics market in the future. Zoonoses are diseases and infections naturally transmissible between humans and vertebrate animals. Rabies detection in pets and animals involves the use of veterinary infectious disease diagnostic tools. These devices are employed to prevent animals from being a cause of death. As an example, in 2022, the World Health Organization (WHO), a Swiss-based governmental agency, reported the presence of rabies disease in over 150 different countries and territories. Dogs are the primary contributors to human rabies deaths, responsible for nearly 99% of all rabies transmission incidents. Surprisingly, 40% of the victims bitten by potentially rabid animals are children under 15 years of age. This infection is responsible for the death of tens of thousands of people every year, primarily in Asia and Africa. Thus, the growing prevalence of cross-border and zoonotic diseases is driving the expansion of the veterinary infectious disease diagnostics market.
What are the 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
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Which leading companies are shaping the growth of 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 key trends are currently impacting the veterinary infectious disease diagnostics market’s development?
The major trend currently shaping the veterinary infectious disease diagnostics market is the advancement in technology. To maintain their market standing, leading companies in this industry are adopting innovative technologies. Take for example, in February 2022, Merck Animal Health, a reputable US company known for developing animal medications, introduced a novel solution known as SenseHub Feedlot which utilizes electronic ear tag technology. The SenseHub Feedlot system comprises a reusable ear tag, an installed antennae, and an infrared thermistor, instrumental in gathering, storing, and sharing information through a gateway to a data platform. Quicker and more reliable disease detection, as well as early illness identification for efficient pain management in cattle, are all benefits of this tech-enabled solution when compared to traditional ocular inspection.
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Which geographic areas are influencing the growth of the veterinary infectious disease diagnostics market?
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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