India Veterinary Diagnostics Market Size & Outlook
India veterinary diagnostics market, 2018-2030 (US$M)
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India veterinary diagnostics market highlights
- The India veterinary diagnostics market generated a revenue of USD 290.5 million in 2023 and is expected to reach USD 712.2 million by 2030.
- The India market is expected to grow at a CAGR of 13.7% 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 290.5 million |
| Market revenue in 2030 | USD 712.2 million |
| Growth rate | 13.7% (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, India accounted for 3.1% 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 Asia Pacific, China veterinary diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 712.2 million by 2030.
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Veterinary Diagnostics Market Scope
Veterinary Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 52.81% in 2023. Horizon Databook has segmented the India veterinary diagnostics market based on consumables, reagents & kits, equipment & instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The Government of India is providing funding for enhancement of existing veterinary hospitals and dispensaries. Several state governments are engaged in launching mobile veterinary care services for livestock.
In September 2018, 100 mobile veterinary clinics were established in Hyderabad. Several private veterinary hospitals are also being set up in the country. For instance, in March 2018, Tata Trust in collaboration with People for Animals announced establishing a multispecialty veterinary hospital in Navi Mumbai to cater to domestic and farm animals.
Expansion of animal welfare facilities provide improved access to animal health products, which is likely to boost market growth during the forecast period.India is anticipated to be the most lucrative market for veterinary diagnostics.
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Our clientele includes a mix of veterinary diagnostics market companies, investment firms, advisory firms & academic institutions.
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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 India veterinary diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into India veterinary diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India veterinary diagnostics market size, by product, 2018-2030 (US$M)
India Veterinary Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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