Brazil Veterinary Diagnostics Market Size & Outlook
Brazil veterinary diagnostics market, 2018-2030 (US$M)
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Brazil veterinary diagnostics market highlights
- The Brazil veterinary diagnostics market generated a revenue of USD 217.2 million in 2023 and is expected to reach USD 444.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 10.8% 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 217.2 million |
| Market revenue in 2030 | USD 444.1 million |
| Growth rate | 10.8% (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, Brazil accounted for 2.3% 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 |
|---|
Brazil 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 52.39% in 2024. Horizon Databook has segmented the Brazil 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 Brazil is expected to grow during the forecast period owing to increase in the number of healthcare reforms and expenditure. Increase in the demand for better healthcare facilities may boost market growth.
In addition, rising adoption of companion animals and increasing demand for animal food products are factors likely to boost the veterinary diagnostics market in Brazil. According to American Society for the Prevention of Cruelty to Animals, in 2016, Brazil had the maximum number of pet ownership, accounting for 76%.
Moreover, rising demand for pet insurance will further boost the veterinary diagnostics market in the country.
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Target buyers of Brazil 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 country-level data and insights on the Brazil veterinary diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Brazil veterinary diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil veterinary diagnostics market size, by product, 2018-2030 (US$M)
Brazil Veterinary Diagnostics Market Outlook Share, 2024 & 2030 (US$M)
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