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How Has the Veterinary Infectious Disease Diagnostics Market Growth Performance Trended Historically, And What Lies Ahead?
The market size for veterinary infectious disease diagnostics has seen significant growth in the past few years. It is projected to rise from $1.93 billion in 2024 to $2.11 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.9%. Several factors have contributed to this growth in the historic period, including a rise in pet ownership, advances in veterinary medicine, pet humanization, and regulatory support.
The size of the veterinary infectious disease diagnostics market is projected to experience significant expansion in the upcoming years. It is anticipated to reach $3.05 billion in 2029 with a compound annual growth rate (CAGR) of 9.7%. This growth during the forecast period is due to various factors such as the emergence of new diseases, heightened research and development activities, the internationalization of veterinary practices, and a growing livestock populace. The predicted period is set to witness trends such as technological advances, swift embracing of point-of-care testing, incorporation of molecular diagnostics, digital transformation in veterinary healthcare, product portfolio growth, collaborations, partnerships, and diagnostic personalization for different animal species.
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Which Primay Drivers Are Accelerating Growth in the Veterinary Infectious Disease Diagnostics Market?
The upward trend in transboundary and zoonotic diseases like rabies is predicted to fuel the expansion of the veterinary infectious disease diagnostics market in the future. Zoonoses refer to diseases and infections that naturally spread from vertebrate animals to humans. Veterinary infectious disease diagnostic tools are utilized to identify rabies in pets and other animals, aiming to prevent fatalities caused by animals. In 2022, the World Health Organization (WHO), a governmental agency based in Switzerland, reported the presence of rabies in over 150 countries and territories. Dogs represent the main source of rabies in humans, causing up to 99% of all transmissions. Children under 15 compose 40% of victims bitten by potentially rabies-infected animals. This disease claims the lives of tens of thousands every year, primarily in Asia and Africa, highlighting the role of escalating transboundary and zoonotic diseases in the growth of the veterinary infectious disease diagnostics market.
Which Primary Segments of the Veterinary Infectious Disease Diagnostics Market Are Driving Growth and Industry Transformations?
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 Regions Are Key Players in the Growth of the #Which Primay Drivers Are Accelerating Growth in the Veterinary Infectious Disease Diagnostics Market?# 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
Which Technological Trends Are Reshaping the Veterinary Infectious Disease Diagnostics Industry Dynamics?
The main trend being noticed in the veterinary infectious disease diagnostics market stems from technological advancements. To maintain their market dominance, key corporations in this market are prioritizing tech-based innovations. A case in point is Merck Animal Health, known for developing animal pharmaceuticals, which launched the SenseHub Feedlot in February 2022. This novel technology relies on an electronic ear tag. The SenseHub Feedlot includes a reusable ear tag as well as an antenna and infrared thermistor which have been pre-installed, all capable of capturing, preserving, and transmitting information from a gateway straight to a data platform. Its primary benefits lie in its ability to detect diseases faster, provide more reliable diagnoses, and spot illnesses quicker to better manage cattle pain compared to simple visual inspections.
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What Parameters Are Used to Define the Veterinary Infectious Disease Diagnostics Market?
The veterinary infectious disease diagnostics refer to diagnostic services that are used for the identification of infectious diseases in animals. These are the sets of infectious diseases and the factors that impact the health of livestock, domestic animals, and wildlife. Veterinary diagnostics has become essential to ensure the overall well-being of animals. These diagnose the infections caused in all types of animals.
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