U.S. Veterinary Diagnostics Market Size & Outlook
U.S. veterinary diagnostics market, 2018-2030 (US$M)
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U.S. veterinary diagnostics market highlights
- The U.S. veterinary diagnostics market generated a revenue of USD 3,210.1 million in 2023 and is expected to reach USD 5,739.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8.7% 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 3,210.1 million |
| Market revenue in 2030 | USD 5,739.2 million |
| Growth rate | 8.7% (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, U.S. accounted for 34.5% 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 North America, U.S. veterinary diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 816.9 million by 2030.
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Veterinary Diagnostics Market Scope
Veterinary Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 2024. Horizon Databook has segmented the U.S. veterinary diagnostics market based on consumables, reagents & kits, equipment & instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. held dominant share of the North America animal health market in 2020. This can be attributed to a wide range of definitive measures adopted by the government animal care organizations that are consistently striving for overall improvement in animal health.
Moreover, there has been a noticeable increase in outsourcing activities for biopharmaceutical development in the U.S. Large market share of the U.S. in the animal diagnostics market can be attributed to the presence of major players in the country, such as Thermal Fisher Scientific & IDEXX, who are involved in the development and introduction of equipment required during the diagnosis of various diseases in animals.
Furthermore, collaborations between local and international companies are also expected to fuel market growth in the U.S.
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Target buyers of U.S. 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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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 U.S. veterinary diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into U.S. veterinary diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. veterinary diagnostics market size, by product, 2018-2030 (US$M)
U.S. Veterinary Diagnostics Market Outlook Share, 2024 & 2030 (US$M)
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