Brazil Companion Animal Diagnostics Market Size & Outlook
Brazil companion animal diagnostics market, 2016-2027 (US$M)
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Brazil companion animal diagnostics market highlights
- The Brazil companion animal diagnostics market generated a revenue of USD 35.9 million in 2021 and is expected to reach USD 62.0 million by 2027.
- The Brazil market is expected to grow at a CAGR of 9.5% from 2022 to 2027.
- In terms of segment, dogs was the largest revenue generating species in 2021.
- Cats is the most lucrative species segment registering the fastest growth during the forecast period.
Companion animal diagnostics market data book summary
| Market revenue in 2021 | USD 35.9 million |
| Market revenue in 2027 | USD 62.0 million |
| Growth rate | 9.5% (CAGR from 2021 to 2027) |
| Largest segment | Dogs |
| Fastest growing segment | Cats |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dogs, Cats |
| Key market players worldwide | Zoetis, IDEXX Laboratories Inc, Veterinary Pharmaceutical Solutions, Thermo Fisher Scientific Inc, Neogen Corp |
Other key industry trends
- In terms of revenue, Brazil accounted for 0.8% of the global companion animal diagnostics market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Latin America, Brazil companion animal diagnostics market is projected to lead the regional market in terms of revenue in 2027.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 46.8 million by 2027.
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Companion Animal Diagnostics Market Scope
Companion Animal Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 39.55% in 2021. Horizon Databook has segmented the Brazil companion animal diagnostics market based on dogs, cats covering the revenue growth of each sub-segment from 2016 to 2027.
The Brazil companion animal diagnostics market is expected to grow over the forecast period. Various factors contributing to the growth include increase in pet ownership and pet adoption. Approximately 76% of the households in Brazil have pets, out of which 58% of the pets are dogs. This has increased awareness regarding animal health among owners, boosting the demand for companion animal diagnostics in the nation.
Various factors such as increase in pet care spending and pet care revenue are also propelling the market growth. For instance, the annual growth of pet care revenue is 10% and the average monthly pet care spending BRL 338 (USD 62.48). Such factors are positively influencing the companion animal diagnostics market in the country.
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Target buyers of Brazil 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 country-level data and insights on the Brazil companion animal diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into Brazil companion animal diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Brazil companion animal diagnostics market size, by species, 2016-2027 (US$M)
Brazil Companion Animal Diagnostics Market Share, 2021 & 2027 (US$M)
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