Latin America Companion Animal Diagnostics Market Size & Outlook
Latin America companion animal diagnostics market, 2016-2027 (US$M)
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Latin America companion animal diagnostics market highlights
- The Latin America companion animal diagnostics market generated a revenue of USD 96.2 million in 2021.
- The market is expected to grow at a CAGR of 10% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2022 to 2027.
Latin America data book summary
| Market revenue in 2021 | USD 96.2 million |
| Market revenue in 2027 | USD 170.6 million |
| Growth rate | 10% (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 |
| 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, Latin America region accounted for 2.1% of the global companion animal diagnostics market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,847.1 million by 2027.
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Companion Animal Diagnostics Market Scope
Companion Animal Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 44.07% in 2021. Horizon Databook has segmented the Latin America companion animal diagnostics market based on dogs, cats covering the revenue growth of each sub-segment from 2016 to 2027.
Latin America companion animal diagnostics market is expected to continue to grow over the forecast period. Various factors such as high prevalence of diseases and rising demand for veterinary medicine treatment are positively influencing the market growth.
Favorable government initiatives & intervention to promote animal healthcare are expected to fuel the market growth in Latin America. Animal health programs for animals that involve animal health data collection, animal heath regulation supervision, & vaccine quality controls are gaining popularity in the region.
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Target buyers of Latin America 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 Latin America companion animal diagnostics market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America companion animal diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Latin America companion animal diagnostics market size, by country, 2016-2027 (US$M)
Latin America Companion Animal Diagnostics Market Share, 2021 & 2027 (US$M)
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