Asia Pacific Veterinary Diagnostics Market Size & Outlook
Asia Pacific veterinary diagnostics market, 2018-2030 (US$M)
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Asia Pacific veterinary diagnostics market highlights
- The Asia Pacific veterinary diagnostics market generated a revenue of USD 1,820.2 million in 2023.
- The market is expected to grow at a CAGR of 12.1% 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.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,820.2 million |
| Market revenue in 2030 | USD 4,037.3 million |
| Growth rate | 12.1% (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 |
| 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, Asia Pacific region accounted for 19.6% of the global veterinary diagnostics 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 4,037.3 million by 2030.
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Veterinary Diagnostics Market Scope
Veterinary Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 52.7% in 2023. Horizon Databook has segmented the Asia Pacific 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 Asia Pacific is growing at a faster rate and is expected to grow rapidly during the forecast period. Rise in middle-class households, increased disposable income, acceptance of pet animals, and high demand for animal proteins are some of the key factors expected to boost growth of the veterinary diagnostics market in the region.
Countries such as China and India are expected to witness rapid market growth owing to increase in the number of manufacturing facilities in the region. Rising R&D investment by market players for the development of value-added products is anticipated to drive market growth in the region.
In addition, increasing awareness about animal health and growing demand for quality food products are key factors expected to generate revenue in the coming years.
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Target buyers of Asia Pacific 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 continent-level data and insights on the Asia Pacific veterinary diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific veterinary diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific veterinary diagnostics market size, by country, 2018-2030 (US$M)
Asia Pacific Veterinary Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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