Global Veterinary Diagnostics Market Size & Outlook
Global veterinary diagnostics market, 2018-2030 (US$M)
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Global veterinary diagnostics market highlights
- The global veterinary diagnostics market generated a revenue of USD 9,293.7 million in 2023 and is expected to reach USD 18,120.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10% by 2030.
- In terms of segment, consumables, reagents & kits accounted for a revenue of USD 4,901.5 million in 2023.
- Consumables, Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 9,293.7 million |
| Market revenue in 2030 | USD 18,120.9 million |
| Growth rate | 10% (CAGR from 2023 to 2030) |
| Largest segment | Consumables, reagents & kits |
| Fastest growing segment | Consumables, Reagents & Kits |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Reagents & Kits, Equipment & Instruments |
Other key industry trends
- In terms of revenue, the North America accounted for 38.6% of the global veterinary diagnostics market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 1,134.8 million by 2030.
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Veterinary Diagnostics Market Scope
Veterinary Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global veterinary 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 veterinary diagnostics market will help companies and investors design strategic landscapes.
Consumables, reagents & kits was the largest segment with a revenue share of 52.74% in 2024. Horizon Databook has segmented the Global veterinary diagnostics market based on consumables, reagents & kits, equipment & instruments covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Veterinary Diagnostics Product Outlook (Revenue, USD Million, 2018-2030)
- Consumables, Reagents & Kits
- Equipment & Instruments
- Global Veterinary Diagnostics Animal Type Outlook (Revenue, USD Million, 2018-2030)
- Companion Animals
- Dogs
- Cats
- Horses
- Other Companion Animals
- Production Animals
- Cattles
- Poultry
- Swine
- Other Production Animals
- Companion Animals
- Global Veterinary Diagnostics Testing Category Outlook (Revenue, USD Million, 2018-2030)
- Clinical Chemistry
- Microbiology
- Parasitology
- Histopathology
- Cytopathology
- Hematology
- Immunology & Serology
- Imaging
- Molecular Diagnostics
- Other Categories
- Global Veterinary Diagnostics End Use Outlook (Revenue, USD Million, 2018-2030)
- Reference Laboratories
- Veterinarians
- Animal Owners/ Producers
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Target buyers of Global veterinary diagnostics market databook
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Our clientele includes a mix of veterinary 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 global-level data and insights on the Global veterinary diagnostics market , including forecasts for subscribers. This global databook contains high-level insights into Global veterinary diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global veterinary diagnostics market size, by regions, 2018-2030 (US$M)
Top 10 countries: Veterinary diagnostics market size, 2024 (US$M)
Global veterinary diagnostics market share, by product, 2024 & 2030 (%, US$M)
Veterinary diagnostics market: Opportunity assessment by country
Global veterinary diagnostics market, by region, 2024 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 2,139.4 | 2,321.1 | 2,579.4 | 3,136.9 | 3,443.7 | 3,754.9 | 4,293.9 | 4,683.9 | 5,110.5 | 5,577.1 | 6,087.7 | 6,646.4 | 7,258.0 | 9.2% |
| Europe | 1,758.6 | 1,915.3 | 2,136.6 | 2,608.6 | 2,875.0 | 3,147.2 | 3,613.4 | 3,957.7 | 4,335.9 | 4,751.4 | 5,208.2 | 5,710.3 | 6,262.5 | 9.6% |
| Asia Pacific | 900.0 | 1,005.3 | 1,149.7 | 1,438.4 | 1,623.8 | 1,820.2 | 2,139.0 | 2,397.2 | 2,686.2 | 3,009.9 | 3,372.5 | 3,778.5 | 4,233.3 | 12.1% |
| Latin America | 192.1 | 212.7 | 241.2 | 299.2 | 335.1 | 372.7 | 434.6 | 483.5 | 537.8 | 598.4 | 665.9 | 741.0 | 824.8 | 11.3% |
| MEA | 106.0 | 116.5 | 131.2 | 161.7 | 179.9 | 198.7 | 230.3 | 254.6 | 281.5 | 311.3 | 344.4 | 381.1 | 421.8 | 10.6% |
| Overall | 5,096.0 | 5,570.8 | 6,238.0 | 7,644.7 | 8,457.4 | 9,293.7 | 10,711.2 | 11,776.8 | 12,951.9 | 14,248.2 | 15,678.6 | 17,257.3 | 19,000.3 | 10.0% |
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