Veterinary Diagnostic Services Market Growth and Trends: Key Insights into Market Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Veterinary Diagnostic Services Market?
Increasing number of households adopting pets is anticipated to spur the development of the veterinary diagnostic services industry. This trend of pet adoption usually involves taking in animals, mostly from rescue centers, shelters or past owners, to provide them a forever home filled with care and companionship. The growth in pet adoption is being fuelled by heightened consciousness about animal welfare, emotional rewards of pet companionship, and an escalating inclination to save animals from shelters by giving them a secure, nurturing home. Veterinary diagnostic services are crucial in this scenario as they ascertain the health of pets and identify any potential health issues, thus facilitating informed choices and appropriate care for the newly adopted pets. For instance, as per the data shared by the American Pet Products Association, a charitable industry group based in the U.S., a total of 86.9 million families owned a pet in the U.S. during 2023-2024, accounting for 66% of all households, which is a rise from 62% in 2022. Thus, the surge in pet adoption rates is indeed propelling the advancement of the veterinary diagnostic services industry.
Get Your Free Sample Report Now – Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20684&type=smp
#What Are the Key Projections for the CAGR of the Veterinary Diagnostic Services Market From 2025 to 2034?
In recent years, the veterinary diagnostic services market has seen significant growth. Its size is predicted to increase from $13.05 billion in 2024 to $14.22 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. Factors that have contributed to this historic growth include a rise in pet ownership, increased spending on pet health, higher instances of chronic disease among pets, a growth in the establishment of veterinary clinics and hospitals, a greater emphasis on early disease detection and preventive care, and developments in molecular diagnostics and imaging technologies.
The projected size of the veterinary diagnostic services market is anticipated to experience robust expansion in the coming years. The market is slated to reach $19.78 billion by 2029 with an 8.6% Compound Annual Growth Rate (CAGR). The growth during the forecast period is due to several factors such as the expanding pet population, a rising demand for advanced diagnostic systems, increased usage of AI and machine learning in diagnosis, the expansion of telemedicine and remote diagnostic services, a growing focus on personalized and precision-focused veterinary medicine, introduction of novel diagnostic tools and technologies, higher investments in research and development, and collective efforts and partnerships within the veterinary sector. Foreseeable trends in the forecast period include the incorporation of AI and large scale data analytics in diagnostic services, at-home testing solutions, wearable technologies designed for ongoing health tracking, preventative and proactive veterinary services, the creation of all-inclusive diagnostic platforms and integrated solutions, and innovations in digital health.
You can Directly Purchase the Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20684
What New Market Trends Are Reshaping theVeterinary Diagnostic Services Market and Its Opportunities?
Leading businesses in the veterinary diagnostic services market are concentrating on leveraging big data and artificial intelligence to aid in data analysis, such as AI-enhanced veterinary X-ray image diagnostic support services, with the aim of improving diagnostic precision and streamlining operations in veterinary practices. AI-boosted veterinary X-ray image diagnostic support services leverage sophisticated algorithms to interpret X-ray images, offering more precise diagnostic insights to veterinarians, thereby improving decision-making and patient care. For example, SK Telecom, a telecommunications company based in South Korea, introduced its AI-boosted veterinary X-ray image diagnostic support service, X Caliber, in June 2024, promoting enhanced diagnostic facilities for pet health. The X-caliber system leverages AI to evaluate X-ray images of cats and dogs in less than 15 seconds, preserving the data in the cloud for easy retrieval and administration. With a detection sensitivity ranging from 86% to 94%, it can identify a myriad of irregularities. Currently, it is used in more than 100 veterinary clinics across Australia and has plans for continued global expansion.
Who Are the Leading Market Players Fueling Growth in the Veterinary Diagnostic Services Market Trend?
Major companies operating in the veterinary diagnostic services market are Thermo Fisher Scientific Inc., Zoetis Services LLC, VCA Animal Hospitals, Biomérieux SA, SYNLAB International GmbH, IDEXX Laboratories Inc., Virbac, Antech Diagnostics Inc., Randox Laboratories Ltd., Heska Corporation, Neogen Corporation, Karyopharm Therapeutics, MediVet, IDvet, Ellie Diagnostics, BioChek B.V., Embark Veterinary Inc., NationWide Laboratories, PetDx, Scil Animal Care Company, Ardent Animal Health, Paw Print Genetics
Order Your Report Now For A Swift Delivery:
How is the Global Veterinary Diagnostic Services Market Segemented?
The veterinary diagnostic services market covered in this report is segmented –
1) By Type: Point-Of-Care (PoC), Laboratory-Based
2) By Test: In Vitro Diagnosis, In Vivo Diagnosis
3) By Testing Category: Clinical Chemistry, Microbiology, Parasitology, Histopathology, Cytopathology, Hematology, Immunology And Serology, Imaging, Molecular Diagnostics, Other Categories
4) By Animal Type: Companion Animals, Production Animals, Other Animal Types
5) By Service Provider: Veterinary Hospital Or Clinic Laboratories, Reference Laboratories
Subsegments:
1) By Point-Of-Care (PoC): Rapid Test Kits, Portable Diagnostic Devices, Handheld Blood Analyzers, Point-of-Care Ultrasound, In-Hospital Testing Systems
2) By Laboratory-Based: Clinical Pathology Services, Histopathology Services, Microbiology Services, Serology Testing, Molecular Diagnostics, Biochemistry Testing, Reference Laboratory Services
Gain Exclusive Market Insights—Customize Your Research Report Today for Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=20684&type=smp
Which Geographics are Influencing the Growth of the Veterinary Diagnostic Services Market?
North America was the largest region in the veterinary diagnostic services market in 2024. The regions covered in the veterinary 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 Veterinary Diagnostic Services Market 2025, By The Business Research Company:
Veterinary Reference Laboratory Global Market Report 2025
Veterinary Radiosurgery System Global Market Report 2025
Veterinary Active Pharmaceutical Ingredients Manufacturing 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:
