U.S. Companion Animal Diagnostics Market Size & Outlook
U.S. companion animal diagnostics market, 2016-2027 (US$M)
Related Markets
U.S. companion animal diagnostics market highlights
- The U.S. companion animal diagnostics market generated a revenue of USD 2,039.3 million in 2021 and is expected to reach USD 3,274.0 million by 2027.
- The U.S. market is expected to grow at a CAGR of 8.2% 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 2,039.3 million |
| Market revenue in 2027 | USD 3,274.0 million |
| Growth rate | 8.2% (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, U.S. accounted for 44.8% 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 North America, U.S. companion animal diagnostics market is projected to lead the regional market in terms of revenue in 2027.
- Canada is the fastest growing regional market in North America and is projected to reach USD 406.1 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 |
|---|
U.S. 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 44.89% in 2021. Horizon Databook has segmented the U.S. 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 is anticipated to grow in the U.S. due to growing number of animal healthcare centers and practitioners. For instance, according to data retrieved by AVMA report, in 2017, there were a total of 110,531 veterinary practitioners in the nation, however, in 2018, the number increased to 113,349 practitioners.
In addition, growing concerns of owners regarding their pets have increased pet care expenditure, which is further driving the market for veterinary medicine. According to a report by AVMA, in 2018, on average, an owner spent approximately USD 1,285 on medications and veterinary visits.
These factors are anticipated to boost the U.S. companion animal diagnostics market demand. Furthermore, increasing animal healthcare spending is responsible for increased adoption of companion animal diagnostics.
Reasons to subscribe to U.S. 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 U.S. 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 U.S. companion animal diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into U.S. companion animal diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. companion animal diagnostics market size, by species, 2016-2027 (US$M)
U.S. 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
