Argentina Veterinary Diagnostics Market Size & Outlook
Argentina veterinary diagnostics market, 2018-2030 (US$M)
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Argentina veterinary diagnostics market highlights
- The Argentina veterinary diagnostics market generated a revenue of USD 34.9 million in 2023 and is expected to reach USD 76.5 million by 2030.
- The Argentina market is expected to grow at a CAGR of 11.9% from 2024 to 2030.
- In terms of segment, consumables, reagents & kits was the largest revenue generating product in 2023.
- Consumables, Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary diagnostics market data book summary
| Market revenue in 2023 | USD 34.9 million |
| Market revenue in 2030 | USD 76.5 million |
| Growth rate | 11.9% (CAGR from 2023 to 2030) |
| Largest segment | Consumables, reagents & kits |
| Fastest growing segment | Consumables, Reagents & Kits |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Reagents & Kits, Equipment & Instruments |
| Key market players worldwide | IDEXX Laboratories Inc, Zoetis Inc Class A, Antech Diagnostics, Hera SpA, Embark, Esaote, Thermo Fisher Scientific Inc, Virbac SA, FUJIFILM Holdings Corp |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.4% of the global veterinary diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil veterinary diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 76.5 million by 2030.
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Veterinary Diagnostics Market Scope
Veterinary Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 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 52.72% in 2023. Horizon Databook has segmented the Argentina veterinary diagnostics market based on consumables, reagents & kits, equipment & instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The veterinary diagnostics market in Argentina is expected to exhibit steady grow during the forecast period. According to Brazil Ministry of Industry, Commercial Trade and Services, in 2019, Argentina surpassed Brazil in exporting meat to China. Factors such as low domestic demand and low currency exchange help boost market growth. Moreover, the presence of untapped opportunities is expected to propel the growth of the veterinary diagnostics market during the forecast period.
For instance, in January 2020, Neogen Corporation acquired Productos Quimicos Magiar a distributor of the company’s food safety diagnostic products in Argentina & Uruguay to penetrate the market. According to the U.S. FDA, Argentina is the world’s fourth-largest exporter of veal and beef, followed by Uruguay, which is the seventh largest. Moreover, Argentina is one of the leading exporters of milk. Thus, there are various growth opportunities in the country for the veterinary diagnostics market.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina veterinary diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Argentina veterinary diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina veterinary diagnostics market size, by product, 2018-2030 (US$M)
Argentina Veterinary Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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