Latin America Veterinary Diagnostics Market Size & Outlook
Latin America veterinary diagnostics market, 2018-2030 (US$M)
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Latin America veterinary diagnostics market highlights
- The Latin America veterinary diagnostics market generated a revenue of USD 540.7 million in 2023.
- The market is expected to grow at a CAGR of 11.4% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 540.7 million |
| Market revenue in 2030 | USD 1,152.5 million |
| Growth rate | 11.4% (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, Latin America region accounted for 5.8% 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 |
|---|
Latin America 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 52.6% in 2023. Horizon Databook has segmented the Latin America veterinary diagnostics market based on consumables, reagents & kits, equipment & instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America continues to build momentum, with growing herds, expanding market access, and underrated currency favoring exports.
These factors support animal protein export globally. The livestock sector in Latin America has grown rapidly over the years; the total demand for animal proteins is increasing and so is the export of these products. Increasing livestock, rising export of animal proteins, and growing demand are some of the factors expected to boost market growth.
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Target buyers of Latin America 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 Latin America veterinary diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America veterinary diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America veterinary diagnostics market size, by country, 2018-2030 (US$M)
Latin America Veterinary Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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