Japan Companion Animal Diagnostics Market Size & Outlook
Japan companion animal diagnostics market, 2016-2027 (US$M)
Related Markets
Japan companion animal diagnostics market highlights
- The Japan companion animal diagnostics market generated a revenue of USD 322.7 million in 2021 and is expected to reach USD 541.5 million by 2027.
- The Japan market is expected to grow at a CAGR of 9% 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 322.7 million |
| Market revenue in 2027 | USD 541.5 million |
| Growth rate | 9% (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, Japan accounted for 7.1% 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 Asia Pacific, Japan companion animal diagnostics market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 441.4 million by 2027.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Companion Animal Diagnostics Market Scope
Companion Animal Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Japan 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 45.06% in 2021. Horizon Databook has segmented the Japan companion animal diagnostics market based on dogs, cats covering the revenue growth of each sub-segment from 2016 to 2027.
The companion animal diagnostics market in Japan is anticipated to witness steady growth owing to increasing pet healthcare expenditure in Japan. According to a survey carried out by Anicom Insurance that provides pet insurance policies in the nation, pet parents fork out an average of CNY 300000 (USD 2,780) for a dog & CNY 160000 (USD 1,547.62) for a cat.
Furthermore, the percentage of population adopting pets is increasing. For instance, 37% of households in Japan have pets. Government support and regulation for welfare of animal health is anticipated to fuel the market growth in Japan.
For instance, Japan's Act of Welfare and Management of Animals (1973) focuses on building awareness among people as part of its process of implementation. This growing awareness is expected to boost the demand for companion animal diagnostics in the country, thereby fueling the market growth.
Reasons to subscribe to Japan companion animal diagnostics market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Japan companion animal diagnostics market databook
-
Our clientele includes a mix of companion animal diagnostics market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 Japan companion animal diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into Japan companion animal diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Japan companion animal diagnostics market size, by species, 2016-2027 (US$M)
Japan Companion Animal Diagnostics Market Share, 2021 & 2027 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
