Global Companion Animal Diagnostics Market Size & Outlook
The companion animal diagnostics industry worldwide is expected to reach a projected revenue of US$ 7,598.5 million by 2027. A compound annual growth rate of 8.9% is expected of the worldwide companion animal diagnostics industry from 2022 to 2027.
Revenue, 2021 (US$M)
$4,555.8
Forecast, 2027 (US$M)
$7,598.5
CAGR, 2022 - 2027
8.9%
Report Coverage
Worldwide
Global companion animal diagnostics market, 2016-2027 (US$M)
Related Markets
Global companion animal diagnostics market highlights
- The global companion animal diagnostics market generated a revenue of USD 4,555.8 million in 2021 and is expected to reach USD 7,598.5 million by 2027.
- The market is expected to grow at a CAGR (2022 - 2027) of 8.9% by 2027.
- In terms of segment, dogs accounted for a revenue of USD 2,048.4 million in 2021.
- Cats is the most lucrative species segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2021.
- Country-wise, Italy is expected to register the highest CAGR from 2022 to 2027.
Global data book summary
| Market revenue in 2021 | USD 4,555.8 million |
| Market revenue in 2027 | USD 7,598.5 million |
| Growth rate | 8.9% (CAGR from 2021 to 2027) |
| Largest segment | Dogs |
| Fastest growing segment | Cats |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dogs, Cats |
Other key industry trends
- In terms of revenue, the North America accounted for 49.5% of the global companion animal diagnostics market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2027.
- By country, Italy is the fastest growing regional market and is projected to reach USD 278.6 million by 2027.
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Companion Animal Diagnostics Market Scope
Companion animal diagnostics market segmentation & scope
Others
Companion Animal Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global companion animal diagnostics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to companion animal diagnostics market will help companies and investors design strategic landscapes.
dogs was the largest segment with a revenue share of 44.96% in 2021. Horizon Databook has segmented the Global companion animal diagnostics market based on dogs, cats covering the revenue growth of each sub-segment from 2016 to 2027.
- Global Companion Animal Diagnostics Species Outlook (Revenue, USD Million, 2016-2027)
- Dogs
- Cats
- Others
- Global Companion Animal Diagnostics Technology Outlook (Revenue, USD Million, 2016-2027)
- Clinical Biochemistry
- Clinical Chemistry Analyzers
- Glucose monitoring
- Immunodiagnostics
- Hematology
- Molecular diagnostics
- Urinalysis
- Others
- Clinical Biochemistry
- Global Companion Animal Diagnostics Application Outlook (Revenue, USD Million, 2016-2027)
- Clinical Pathology
- Bacteriology
- Parasitology
- Others
- Global Companion Animal Diagnostics End Use Outlook (Revenue, USD Million, 2016-2027)
- Laboratories
- Veterinary Hospitals and Clinics
- Point-Of-Care/In-House Testing
- Research Institutes and Universities
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Target buyers of Global companion animal diagnostics market databook
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Our clientele includes a mix of companion animal diagnostics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global companion animal diagnostics market, including forecasts for subscribers. This global databook contains high-level insights into Global companion animal diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Global companion animal diagnostics market statistics, by regions, 2016-2027 (US$M)
Top 10 countries: Companion animal diagnostics market size, 2021 (USD Million)
Top 10 countries: Companion animal diagnostics market size, 2021 (USD Million)
Global companion animal diagnostics market, by region, 2021 (US$M)
Related regional statistics
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