Spain Veterinary Diagnostics Market Size & Outlook
Spain veterinary diagnostics market, 2018-2030 (US$M)
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Spain veterinary diagnostics market highlights
- The Spain veterinary diagnostics market generated a revenue of USD 272.6 million in 2023 and is expected to reach USD 560.8 million by 2030.
- The Spain market is expected to grow at a CAGR of 10.9% 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 272.6 million |
| Market revenue in 2030 | USD 560.8 million |
| Growth rate | 10.9% (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, Spain accounted for 2.9% 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 Europe, UK veterinary diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Sweden is the fastest growing regional market in Europe and is projected to reach USD 284.9 million by 2030.
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Veterinary Diagnostics Market Scope
Veterinary Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Spain 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 52.79% in 2023. Horizon Databook has segmented the Spain veterinary diagnostics market based on consumables, reagents & kits, equipment & instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Initiative undertaken by the government and NGOs regarding animal health is raising awareness among pet owners about animal health, which is expected to drive the market for veterinary diagnostics in Spain.
According to FECAVA, in 2018, campaigns about responsibility of pet ownership were launched in Spain. Moreover, according to Spanish Network for the Identification of Pets, as of 2018, there were 13 million registered pets in the country.
Out of these, 6% were cats, 93% were dogs, and few were rabbits. Concern for pet health is rising owing to increase in the number of pet adoptions. Moreover, the presence of key market players in Spain has induced a competitive environment.
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Target buyers of Spain 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 Spain veterinary diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Spain veterinary diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain veterinary diagnostics market size, by product, 2018-2030 (US$M)
Spain Veterinary Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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