Europe Veterinary Diagnostics Market Size & Outlook
Europe veterinary diagnostics market, 2018-2030 (US$M)
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Europe veterinary diagnostics market highlights
- The Europe veterinary diagnostics market generated a revenue of USD 3,147.2 million in 2023.
- The market is expected to grow at a CAGR of 9.6% 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, Sweden is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 3,147.2 million |
| Market revenue in 2030 | USD 5,972.6 million |
| Growth rate | 9.6% (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, Europe region accounted for 33.9% 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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Europe 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 52.77% in 2023. Horizon Databook has segmented the Europe veterinary diagnostics market based on consumables, reagents & kits, equipment & instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Europe held the second largest market share in 2020 owing to the presence of substantial players operating in the region. There has been a significant increase in pet ownership and livestock production in the region.
More than half of the land in Europe is used for farming, which helps generate high number of food-producing animals. According to European Pet Food Industry Federation (FEDIAF), in 2018, about 80 million households in the region owned at least one pet animal, wherein 21% owned one dog & 24% owned one cat and pet food products exhibited an annual sales of 8.5 million tons, representing a growth rate of 2.5%.
Moreover, in 2016, the European Parliament and the Council adopted the Regulation by EU Animal Health Law on transmissible animal diseases, which was intended to support the livestock segment in its mission for a safe and competitive animal market in Europe pertaining to animal health and their products.
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Target buyers of Europe 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 Europe veterinary diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe veterinary diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe veterinary diagnostics market size, by country, 2018-2030 (US$M)
Europe Veterinary Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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