Asia Pacific Companion Animal Diagnostics Market Size & Outlook
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Asia Pacific companion animal diagnostics market highlights
- The Asia Pacific companion animal diagnostics market generated a revenue of USD 1,265.1 million in 2024.
- The market is expected to grow at a CAGR of 11.6% from 2025 to 2030.
- In terms of segment, consumables, reagents & kits was the largest revenue generating product in 2024.
- Consumables, Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 1,265.1 million |
| Market revenue in 2030 | USD 2,450.2 million |
| Growth rate | 11.6% (CAGR from 2025 to 2030) |
| Largest segment | Consumables, reagents & kits |
| Fastest growing segment | Consumables, Reagents & Kits |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Reagents & Kits, Equipment & Instruments |
| Key market players worldwide | Zoetis, IDEXX Laboratories Inc, Veterinary Pharmaceutical Solutions, Thermo Fisher Scientific Inc, Neogen Corp, Antech Diagnostics, Agrolabo, Embark, Innovative Diagnostics, Virbac SA, FUJIFILM Holdings Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.0% of the global companion animal diagnostics market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,450.2 million by 2030.
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Companion Animal Diagnostics Market Scope
Companion Animal Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Innovative Diagnostics | View profile | 101-250 | Grabels, Languedoc-Roussillon, France, Europe | https://www.innovative-diagnostics.com |
| Agrolabo | View profile | 11-50 | Scarmagno, Piemonte, Italy, Europe | https://www.agrolabo.it |
| Embark | View profile | 101-250 | Boston, Massachusetts, United States, North America | https://embarkvet.com |
| Veterinary Pharmaceutical Solutions | View profile | 11-50 | Saint Peter, Minnesota, United States, North America | https://veterinarypharmaceuticalsolutions.com |
| Zoetis | View profile | 10001+ | Parsippany, New Jersey, United States, North America | https://www.zoetis.com |
| Antech Diagnostics | View profile | 1001-5000 | Irvine, California, United States, North America | https://www.antechdiagnostics.com |
| Neogen Corp | View profile | 2640 | 620 Lesher Place, Lansing, MI, United States, 48912 | https://www.neogen.com |
| IDEXX Laboratories Inc | View profile | 11000 | One IDEXX Drive, Westbrook, ME, United States, 04092 | https://www.idexx.com |
| Virbac SA | View profile | 5400 | 2065m LID, 1 ere avenue, Carros, France, 06516 | https://www.virbac.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
Asia Pacific 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.
Consumables, reagents & kits was the largest segment with a revenue share of 74.29% in 2024. Horizon Databook has segmented the Asia Pacific companion animal diagnostics market based on consumables, reagents & kits, equipment & instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific region is expected to exhibit significant growth over the forecast period. Increasing adoption of pet animals, growing health concerns about animals, and rising prevalence of diseases in animals are among the factors driving the market growth in Asia Pacific.
Furthermore, rising healthcare expenditure on animal health and veterinary services is contributing to the growth of the market. Growing state and government reforms for animal welfare have fueled the market growth in Australia.
Government regulations such as the Australian Animal Welfare Strategy (AAWS) and National Implementation Plan 2010-14 have been developed for improving animal care in the country. Moreover, according to Animal Medicines Australia, Australians invest approximately USD 2.6 billion yearly in pet care. Such factors are driving market growth.
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Target buyers of Asia Pacific 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 continent-level data and insights on the Asia Pacific companion animal diagnostics market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific companion animal diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific companion animal diagnostics market size, by country, 2018-2030 (US$M)
Asia Pacific Companion Animal Diagnostics Market Share, 2024 & 2030 (US$M)
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