Unlocking Opportunities in the Veterinary Molecular Diagnostics Market: Key Trends, Market Growth, and Forecast Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theVeterinary Molecular Diagnostics Market?
The surge in zoonotic diseases, diseases transferring from animals to humans, is anticipated to fuel the expansion of the veterinary molecular diagnostics market. The spread of these diseases, caused by various agents like bacteria, viruses, parasites, and fungi, is facilitated by numerous factors such as deforestation, exploitation of wildlife, intense animal agriculture, loss of biodiversity, and human movement. Rabies, Lyme disease, salmonellosis, toxoplasmosis, among others, are some usual zoonotic diseases. Early detection in animals through veterinary molecular diagnostics can prevent these diseases from reaching humans and promote better disease management by quickly and accurately identifying pathogens. To demonstrate, the Government of the United Kingdom released a report in February 2024 stating that confirmed cases of Lyme disease in England rose to 335 in the fourth quarter of 2023, a rise from 273 cases during the equivalent quarter in 2022. Consequently, the escalation in zoonotic diseases prevalence is stimulating the growth of the veterinary molecular diagnostics market.
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What is the Predicted Annual Growth Rate of theVeterinary Molecular Diagnostics Market Impact Industry Trends by 2034?
In recent times, the market size of veterinary molecular diagnostics has seen considerable growth. It is projected to expand from $0.63 billion in 2024 to $0.7 billion in 2025, experiencing a compound annual growth rate (CAGR) of 10.1%. Factors contributing to this growth during the historical period include a high occurrence of zoonotic and foodborne illnesses, an increase in the adoption of various testing panels, the ongoing consolidation of the veterinary diagnostics industry, a surge in spending on animal health, and a growing demand for food products derived from animals.
In the coming years, the market size for veterinary molecular diagnostics is projected to experience substantial growth, increasing to $1.01 billion by 2029 with a compound annual growth rate (CAGR) of 9.7%. The anticipated growth within this forecasted time frame can be credited to factors such as higher pet ownership, the surge in pet insurance uptake, growing pet population, rising expenditure on animal healthcare, and a surging demand for animal diagnostic tests. Prominent trends in this forecasted duration include the emergence of technological advancements in veterinary molecular diagnostic methods, development of advanced lab equipment, and the evolution of technologies like PCR, next-generation sequencing (NGS), and microarray.
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Which Cutting-Edge Market Trends Are Expected to Drive theVeterinary Molecular Diagnostics Market’s Growth?
Key players in the veterinary molecular diagnostics market are concentrating their efforts on incorporating automation and scalability into diagnostic technologies. This includes the development of high-volume testing devices that enhance diagnostic precision, boost testing efficiency, and expedite the identification of animal diseases. These high-capacity testing machines are innovative diagnostic instruments designed for efficient processing of massive amounts of samples, catering to rapid, precise analysis in laboratory or clinical environments, particularly important for large-scale testing. For example, in June 2023, the Veterinary Diagnostic Laboratory (VDL) at Iowa State University, a US-based institution, launched SmartChip. This is a state-of-the-art molecular diagnostic testing instrument furnished with quantitative polymerase chain reaction (qPCR) testing technology. This impressive device can house over 5,000 samples on a single plate, no larger than a standard postage stamp. With the combination of a 384-sample system equipped with automated handling features, SmartChip’s testing capacity is significantly boosted. SmartChip testing uses microfluidic technology to pinpoint targets of interest in samples, leveraging a volume 100 times smaller than the VDL’s usual 96-well machines.
What Are the Leading Market Players Impacting theVeterinary Molecular Diagnostics Market’s Growth Trend?
Major companies operating in the veterinary molecular diagnostics market are Roche Diagnostics Corporation, Thermo Fisher Scientific Inc., Merck KGaA, Zoetis Inc., Illumina Inc., PerkinElmer Inc., bioMérieux S.A., IDEXX Laboratories Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., LGC Group Ltd., Neogen Corporation, Abcam plc, Eiken Chemical Co. Ltd., Bioneer Corporation, INDICAL BIOSCIENCE GmbH, Biochek B.V., Ring Biotechnology Co. Ltd., Ingenetix GmbH, MiDOG Animal Diagnostics LLC, Biolab S.r.l., Bionote USA Inc.
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How Are the Key Segments of the Veterinary Molecular Diagnostics Market Driving Opportunities and Innovations?
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 Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theVeterinary Molecular Diagnostics Market?# Market Expansion?
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.
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