North America Veterinary Diagnostic Services Market Size & Outlook
North America veterinary diagnostic services market, 2018-2030 (US$M)
North America veterinary diagnostic services market highlights
- The North America veterinary diagnostic services market generated a revenue of USD 5,466.9 million in 2023.
- The market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, in-vitro diagnosis was the largest revenue generating test type in 2023.
- In-Vitro Diagnosis is the most lucrative test type segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 5,466.9 million |
| Market revenue in 2030 | USD 8,794.5 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | In-vitro diagnosis |
| Fastest growing segment | In-Vitro Diagnosis |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | In-Vitro Diagnosis |
| Key market players worldwide | Zoetis Inc Class A, IDEXX Laboratories Inc, Neogen Corp, SYNLAB Group, Antech Diagnostics, NationWide Laboratories, Ellie Diagnostics |
Other key industry trends
- In terms of revenue, North America region accounted for 38.6% of the global veterinary diagnostic services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,686.5 million by 2030.
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Veterinary Diagnostic Services Market Scope
Veterinary Diagnostic Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America veterinary diagnostic services 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 veterinary diagnostic services market will help companies and investors design strategic landscapes.
In-vitro diagnosis was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the North America veterinary diagnostic services market based on in-vitro diagnosis covering the revenue growth of each sub-segment from 2018 to 2030.
The North America veterinary diagnostic services market held the largest share of 38.94% of the global market in 2022. North America has seen a rise in pet ownership, with many households considering pets as family.
In addition, pet owners are willing to spend more on their pets' healthcare, including diagnostics, surgery, and other medical services. The rise in veterinary healthcare expenditure has contributed to the growth of the veterinary diagnostic services market.
These new and improved diagnostic tools have enhanced disease detection, leading to better treatment outcomes & increased demand for diagnostic services. For instance, according to PetPartners, Inc., Veterinary diagnosis has started using Artificial Intelligence (AI).
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Target buyers of North America veterinary diagnostic services market databook
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Our clientele includes a mix of veterinary diagnostic services 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 North America veterinary diagnostic services market , including forecasts for subscribers. This continent databook contains high-level insights into North America veterinary diagnostic services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America veterinary diagnostic services market
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