Veterinary Infectious Disease Diagnostics Market Size, Growth, Report, Forecast 2024-2032

In the realm of veterinary medicine, the importance of diagnosing infectious diseases cannot be overstated. The global veterinary infectious disease diagnostics market size has witnessed remarkable growth, marked by advancements in diagnostic tools and technologies. This growth is expected to continue on an upward trajectory, driven by factors such as technological innovations and the rising prevalence of animal diseases. As of 2023, the market’s value was approximately USD 1.94 billion, and projections indicate a robust Compound Annual Growth Rate (CAGR) of around 8.3% between 2024 and 2032, with an anticipated market valuation of USD 4.01 billion by 2032.

Veterinary Infectious Disease Diagnostics Market Outlook

The outlook for the veterinary infectious disease diagnostics market share appears promising, characterized by a surge in research and development activities aimed at enhancing diagnostic capabilities. As the understanding of animal diseases deepens, there’s a growing emphasis on early and accurate diagnosis, fueling the demand for sophisticated diagnostic tools within the veterinary landscape.

The global veterinary infectious disease diagnostics market has witnessed substantial growth owing to the development of advanced diagnostic solutions. Factors such as increased pet ownership, a rise in zoonotic diseases, and the implementation of stringent regulations for animal healthcare have significantly contributed to the expansion of this market. Furthermore, technological advancements, including molecular diagnostics and point-of-care testing, have revolutionized disease detection in animals, thereby driving market growth.

Veterinary Infectious Disease Diagnostics Market Size and Share

In 2023, the market size for veterinary infectious disease diagnostics reached approximately USD 1.94 billion, showcasing a significant market share within the veterinary healthcare domain. With an anticipated CAGR of 8.3% from 2024 to 2032, the market is poised for substantial expansion, projected to reach a valuation of USD 4.01 billion by 2032. This steady growth underscores the escalating demand for precise and rapid diagnostic tools in veterinary medicine.

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Veterinary infectious disease diagnostics are essential tools for identifying and managing infectious diseases that affect animals. These diagnostics aid veterinarians in making informed decisions about treatment strategies, preventing the spread of diseases, and safeguarding both animal welfare and public health.

The Global Scenario

The increasing focus on animal welfare and the significance of preventing zoonotic diseases have fueled the demand for advanced veterinary infectious disease diagnostics globally. In addition to traditional diagnostic methods, there is a growing reliance on molecular diagnostic techniques, immunoassays, and point-of-care testing devices.

One of the primary drivers behind the market’s expansion is the escalating awareness among pet owners and livestock farmers regarding the importance of early and accurate disease diagnosis. This awareness is leading to a higher demand for veterinary diagnostics that enable swift and precise identification of infectious agents.

The Role of Technology

Technological advancements in veterinary diagnostics have played a pivotal role in shaping the market landscape. The integration of technologies such as Polymerase Chain Reaction (PCR), next-generation sequencing, and advanced imaging techniques has significantly enhanced the speed and accuracy of disease detection in animals.

Furthermore, the development of portable and user-friendly diagnostic devices has revolutionized on-site testing, enabling veterinarians to diagnose infectious diseases rapidly and efficiently in various settings, from farms to veterinary clinics.

Market Dynamics

The increasing prevalence of infectious diseases among animals, coupled with the rising global population’s demand for animal-derived products, has intensified the need for efficient and rapid diagnostic solutions. Moreover, the surge in pet ownership and the growing importance of companion animals in households are further contributing to the expansion of the veterinary infectious disease diagnostics market.

Government initiatives and regulations aimed at controlling and preventing the spread of animal diseases are also playing a crucial role in propelling the market forward. Governments worldwide are investing in awareness campaigns and supporting research and development activities to enhance diagnostic capabilities.

Veterinary Infectious Disease Diagnostics Market Trends

Several trends are shaping the veterinary infectious disease diagnostics market. One prominent trend involves the integration of AI and machine learning algorithms in diagnostic tools, enabling more accurate and efficient disease identification. Additionally, the adoption of point-of-care testing methods is gaining traction due to their convenience and quick results, enhancing the overall diagnostic process for veterinarians.

Industry Segmentation

The veterinary infectious disease diagnostics market can be segmented based on various factors, including the type of diagnostic method, targeted animal species, and geographical regions. Diagnostic methods encompass serology, molecular diagnostics, immunodiagnostics, and others. Furthermore, the market caters to different animal species such as companion animals, livestock, and poultry, each having specific diagnostic needs.

The market can be divided based on technology, animal type, infection type, end use, and region.

Market Breakup by Technology

  • Immunodiagnostics
    • Lateral Flow Assays
    • Elisa Tests
    • Other
  • Molecular Diagnostics
    • Polymerase Chain Reaction (PCR) Tests
    • Microarrays
    • Other
  • Other Technologies

Market Breakup by Animal Type

  • Companion Animals
    • Dogs
    • Cats
    • Horses
  • Food-Producing Animals
    • Cattle
    • Swine
    • Poultry
    • Other Food-Producing Animals

Market Breakup by Infection Type

  • Bacterial Infections
  • Viral Infections
  • Parasitic Infections
  • Other Infections

Market Breakup by End Use

  • Reference Laboratories
  • Veterinary Hospitals and Clinics
  • Point-Of-Care/In-House Testing
  • Research Institutes and Universities

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Forecast Period 2024-2032

The forecast for the veterinary infectious disease diagnostics market between 2024 and 2032 indicates a robust growth trajectory. With continued technological advancements and increased awareness regarding the importance of early disease detection in animals, the market is expected to witness a steady rise in demand for innovative diagnostic solutions. Moreover, the growing investments in research and development activities will further drive market expansion during this period.

Competitive Landscape

The competitive landscape of the veterinary infectious disease diagnostics market is characterized by the presence of several key players striving to strengthen their market positions. Companies are actively engaged in product innovations, strategic collaborations, and mergers and acquisitions to gain a competitive edge. Notable market players include (insert names of major companies here), among others, each contributing significantly to the market’s growth through their cutting-edge diagnostic solutions and extensive market reach.

  • bioMérieux SA
  • Chembio Diagnostics, Inc.
  • IDEXX Laboratories, Inc.
  • INDICAL BIOSCIENCE GmbH
  • NEOGEN Corporation
  • Thermo Fisher Scientific Inc.
  • Others

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Veterinary Infectious Disease Diagnostics Market Share, Price, Size, Trends, Report, Forecast 2023-2028

The ‘Global Veterinary Infectious Disease Diagnostics Market Size, Share, Price, Trends, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global veterinary infectious disease diagnostics market, assessing the market on the basis of its segments like technologies, animal types, end uses, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Veterinary Infectious Disease Diagnostics Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 9%

The increasing emphasis on infectious disease surveillance owing to the growing consciousness about animal and public health is leading to a heightened number of veterinary infectious disease diagnostics tests. The increase in the setting up of specialised labs across the regions most affected by animal endemics is a major driving factor of the market. In addition, the increasing prevalence of viral and bacterial diseases among companion and food producing animals, caused mainly due to the unfavourable climate conditions, is boosting the veterinary infectious disease diagnostics market.

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The growing adoption of companion animals, especially dogs, is leading to an increased spending on their health, thereby, adding to the market growth. Rising disposable income and growing compassion for taking care of companion animals is further escalating the footfall in veterinary clinics for check-ups. Meanwhile, the increasing prevalence of parvovirus among dogs is further leading to an escalation of animal health concerns, supporting the growth of the veterinary infectious disease diagnostics market. Parvovirus is fatal and requires timely treatment which is bolstering the demand for polymerase chain reaction (PCR) tests.

Veterinary Infectious Disease Diagnostics Industry Definition and Major Segments

Veterinary infectious diseases are the types of disease which are caused by organisms such as parasites, fungi, viruses, and bacteria in livestock and domesticated animals such as sheep, dogs, cats, and horse, among others. Veterinary infectious disease diagnostics are aimed at detecting the presence of disease-causing pathogens such as bacteria, virus, or fungus.

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Based on technology, the market can be segmented into:

Immunodiagnostics
Lateral Flow Assays
Elisa Tests
Other

Molecular Diagnostics
Polymerase Chain Reaction (PCR) Tests
Microarrays
Other

Other Technologies

On the basis of animal type, the market has been classified into:

  • Companion Animals

Animal Type
Dogs
Cats
Horses
Infection Type
Viral Infections
Parasitic Infections
Bacterial Infections
Other Infections

  • Food-Producing Animals

Animal Type
Cattle
Swine
Poultry
Other Food-Producing Animals
Infection Type
Bacterial Infections
Parasitic Infections
Viral Infections
Other Infections

The major end uses included in the market are as follows:

Reference Laboratories
Point-Of-Care/In-House Testing
Veterinary Hospitals & Clinics
Research Institutes & Universities

On the basis of region, the market can be categorised into:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Veterinary Infectious Disease Diagnostics Market Trends

The key trends in the global veterinary infectious disease diagnostics market include the technological advancements in animal healthcare infrastructure. The rising government expenditure aimed towards expanding the animal welfare facilities is further offering opportunities to the market.

Meanwhile, the growing adoption of food producing animals owing to the population expansion and increasing demand for dairy and poultry food products are crucial trends in the market. Moreover, the market is anticipated to be aided by the increasing demand for pet insurance.

The growing research and development activities by the major market players aimed towards expanding the diagnostic offerings are key trends in the veterinary infectious disease diagnostics market. With regard to geography, North America accounts for a significant share in the market due to the presence of a large number of companion animals and livestock, and well-developed infrastructure for veterinary care.

Key Market Players

The major players in the veterinary infectious disease diagnostics market are

  • Biomerieux S.A.
  • Heska Corporation (NASDAQ: HSKA)
  • IDEXX Laboratories, Inc.
  • Neogen Corporation
  • QIAGEN N.V. (A Part of Indical Bioscience)
  • Virbac SA
  • Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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