Discover trends, market shifts, and competitive outlooks for the veterinary molecular diagnostics industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Are the Projected Market Size and Growth Rates for the Veterinary Molecular Diagnostics Market From 2025 To 2029?

Over the last few years, the veterinary molecular diagnostics market has seen a substantial burst of growth. The market, which stood at $0.63 billion in 2024, is projected to reach $0.7 billion by 2025, signifying a compound annual growth rate (CAGR) of 10.1%. This surge during the historical period can be linked to several factors including the widespread nature of zoonotic and food-related illnesses, the growing acceptance of various testing panels, increasing consolidation in the veterinary diagnostics sector, higher expenditure on animal health and a burgeoning demand for food derived from animals.

There is a robust expansion projected for the veterinary molecular diagnostics market in the forthcoming years, with an expected increase to $1.01 billion by 2029, translating to a compound annual growth rate (CAGR) of 9.7%. Several significant factors contributing to this growth in the projected timeframe can be ascribed to the uptrend in companion animal ownership, increasing participation in pet insurance, rising pet populace, more expenditure on animal healthcare, and growing necessity for animal diagnostic examinations. Foreseen trends in the projected period encompass breakthroughs in veterinary molecular diagnostic methods, enhanced laboratory equipment, and technological advances in areas like PCR, next-generation sequencing (NGS), and microarray technologies.

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Which Factors and External Forces Are Driving Demand in the Veterinary Molecular Diagnostics Market?

The rise in zoonotic diseases is anticipated to spur the expansion of the veterinary molecular diagnostics market. Zoonotic diseases, infectious diseases transferred between animals and humans, are facilitated by bacteria, viruses, parasites, or fungi. Frequent ones include Lyme disease, rabies, salmonellosis, toxoplasmosis, among others. Factors impacting zoonotic diseases prevalence comprise deforestation, biodiversity reduction, intensive animal farming, human mobility, and wildlife exploitation. Veterinary molecular diagnostics contribute significantly to the early detection of such diseases in animals, impeding them from affecting humans. Plus, they facilitate effective disease management through quick and accurate pathogens identification. An example is a report issued by the United Kingdom Government, which reports that the total confirmed Lyme disease cases documented in England during the fourth quarter of 2023 amounted to 335, an escalation from 273 cases noted the same period of the previous year. Consequently, the surge in zoonotic diseases prevalence is a key driver for the veterinary molecular diagnostics market.

Which Segments in the Veterinary Molecular Diagnostics Offer the Most Growth?

The veterinary molecular diagnostics market covered in this report is segmented –

1) By Product: Kits And Reagents, Instrument

2) By Animal Type: Companion Animals, Livestock Animals

3) By Application: Infectious Diseases, Genetic Diseases, Other Applications

4) By End-User: Diagnostic Laboratories, Veterinary Clinics, Veterinary Hospitals, Other End-Users

Subsegments:

1) Kits and Reagents: Polymerase Chain Reaction (PCR) Kits, Reverse Transcription PCR (RT-PCR) Kits, Real-Time PCR Kits, Nucleic Acid Extraction Kits, Enzyme-linked Immunosorbent Assay (ELISA) Kits, Hybridization Kits, Reagents for Next-Generation Sequencing (NGS)

2) Instruments: PCR Machines (Thermal Cyclers), Real-Time PCR Machines, Nucleic Acid Analyzers, Gel Electrophoresis Equipment, DNA Sequencers, Automated Liquid Handling Systems, Molecular Imaging Systems

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What Are the Fastest-Growing Geographies in the Veterinary Molecular Diagnostics Market?

North America was the largest region in the Veterinary Molecular Diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary molecular diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Key Trends Are Shaping the Future of the Veterinary Molecular Diagnostics Market?

Top firms functioning within the veterinary molecular diagnostics market are turning their attention to automating and scaling their diagnostic technologies, for example high-volume testing apparatus, in order to enhance diagnostic precision, amplify testing effectiveness, and facilitate the swift identification of animal diseases. High-volume testing apparatus are sophisticated diagnostic tools constructed to handle copious amounts of samples productively, allowing for swift and precise analyses in laboratory or clinical environments, especially beneficial for large-scale testing. As an illustration, in June 2023, the Veterinary Diagnostic Laboratory (VDL) at Iowa State University, a US institution, debuted the SmartChip, a ground-breaking molecular diagnostic test device furnished with quantitative polymerase chain reaction (qPCR) technology. This state-of-the-art device can hold more than 5,000 samples on a plate the size of a postage stamp. When paired with a system capable of handling 384 samples, furnished with automated features, this significantly augments its testing capacity. The SmartChip test uses microfluidic technology to recognize targets of interest in specimens, utilizing a volume that is 100 times smaller than the one utilized by VDL’s conventional 96-well machines.

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What Are the Key Elements That Define the Veterinary Molecular Diagnostics Market?

Veterinary molecular diagnostics refers to using molecular biology techniques to identify and diagnose animal diseases at a genetic or molecular level. These tests detect the presence of specific pathogens (such as bacteria, viruses, or parasites), genetic mutations, or biomarkers that indicate disease, helping veterinarians make accurate diagnoses and treatment plans.

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