The veterinary diagnostics industry is undergoing a period of rapid expansion, driven by advancements in in vitro diagnostic (IVD) technology, increasing pet ownership, and the growing need for disease control in livestock. Kalorama Information’s latest market research report, The World Market for Veterinary Diagnostics, 8th Edition, provides a deep dive into this evolving sector, offering strategic insights, market sizing, and forecasts that highlight key growth opportunities for industry stakeholders from 2024-2029.

A Growing Market with Expanding Applications

Veterinary diagnostics play a crucial role in ensuring animal health, whether through routine screenings, disease monitoring, or zoonotic disease surveillance. The market has demonstrated consistent growth, even through economic fluctuations, reflecting the rising consumer spending on companion animals and the critical role of diagnostic testing in food animal disease management. For IVD companies, this presents a lucrative opportunity to adapt human diagnostics for veterinary applications, leveraging cutting-edge technology to meet the increasing demand for rapid, accurate, and reliable animal health testing.

Market Segmentation & Key Drivers

The global veterinary diagnostics market is segmented into two primary areas:

• Companion Animal Diagnostics – Fueled by increasing pet ownership and higher standards of veterinary care, this segment benefits from advancements in molecular testing, immunoassays, and digital imaging.
• Food Animal Diagnostics – Critical for livestock disease prevention and food safety, this segment is led by infectious disease testing and surveillance programs aimed at ensuring agricultural productivity and preventing zoonotic disease outbreaks.

Other key market drivers include:

• Advancements in Diagnostic Technology – The crossover of IVD platforms from human healthcare to veterinary medicine is revolutionizing disease detection, enabling more precise and efficient testing solutions.
• Rising Demand for Disease-Specific Testing – From feline leukemia and bluetongue disease to zoonotic threats like brucellosis and avian influenza, specialized diagnostic tests are in high demand across global veterinary markets.
• Regional Market Growth – The United States, Europe, and Asia Pacific lead the veterinary diagnostics industry, with increasing investment in animal health research and regulatory initiatives supporting market expansion.

Data-Driven Scope and Methodology

This report is built on a combination of primary and secondary research, including expert interviews, company financials, government reports, and veterinary publications. It provides comprehensive market analysis, revenue forecasts, and strategic insights tailored for diagnostics manufacturers, veterinary professionals, and investors looking to capitalize on the rising demand for animal health solutions.