Japan Veterinary Diagnostics Market Size & Outlook
Japan veterinary diagnostics market, 2018-2030 (US$M)
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Japan veterinary diagnostics market highlights
- The Japan veterinary diagnostics market generated a revenue of USD 387.6 million in 2023 and is expected to reach USD 769.5 million by 2030.
- The Japan market is expected to grow at a CAGR of 10.3% 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 387.6 million |
| Market revenue in 2030 | USD 769.5 million |
| Growth rate | 10.3% (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, Japan accounted for 4.2% 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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Japan 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 52.66% in 2023. Horizon Databook has segmented the Japan veterinary diagnostics market based on consumables, reagents & kits, equipment & instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Improved living standards have increased livestock product consumption and pet ownership across Japan. With more pet parents inclined to pay for veterinary care, the demand for treatment and diagnosis for animal healthcare is growing.
Other major factors driving the market include technological developments in animal medicine, innovations in the diagnostic field, and favorable government initiatives to increase adoption of veterinary healthcare practices.
Furthermore, the upward shift in medical expenditure is a key contributing growth factor in the market. According to Japan Pet Food Association, as of 2018, there were 8.92 million dogs and 9.52 million cats as pets. Thus, these factors are likely to boost growth of animal diagnostics and healthcare market.
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Target buyers of Japan 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 Japan veterinary diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Japan veterinary diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan veterinary diagnostics market size, by product, 2018-2030 (US$M)
Japan Veterinary Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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