France Companion Animal Diagnostics Market Size & Outlook
France companion animal diagnostics market, 2016-2027 (US$M)
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France companion animal diagnostics market highlights
- The France companion animal diagnostics market generated a revenue of USD 112.3 million in 2021 and is expected to reach USD 179.1 million by 2027.
- The France market is expected to grow at a CAGR of 8.1% from 2022 to 2027.
- In terms of segment, dogs was the largest revenue generating species in 2021.
- Dogs 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 112.3 million |
| Market revenue in 2027 | USD 179.1 million |
| Growth rate | 8.1% (CAGR from 2021 to 2027) |
| Largest segment | Dogs |
| Fastest growing segment | Dogs |
| 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, France accounted for 2.5% 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 Europe, UK companion animal diagnostics market is projected to lead the regional market in terms of revenue in 2027.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 252.8 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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France 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 47.11% in 2021. Horizon Databook has segmented the France companion animal diagnostics market based on dogs, cats covering the revenue growth of each sub-segment from 2016 to 2027.
France companion animal diagnostics market is anticipated to gain popularity over the forecast period. This can be attributed to the growing adoption of pets and increasing number of companion animals. France is third in line after Germany and Russia to have the highest number of companion animals.
According to a report published by FEDIAF, 20% of the population in France owns a dog and 29% owns cats. The market is also expected to grow due to favorable government norms for veterinary medicine regulated by Direction Générale de l’Enseignement et de la Recherche (DGER), Ministry of Agriculture.
Furthermore, a large number of veterinarians specialized in pet medicine is fueling the market growth. For instance, in 2017, France has approximately 17,000 veterinarians, out of which more than 50% deal with companion animals.
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Target buyers of France 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 France companion animal diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into France companion animal diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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France companion animal diagnostics market size, by species, 2016-2027 (US$M)
France Companion Animal Diagnostics Market Share, 2021 & 2027 (US$M)
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