Global Veterinary Infectious Disease Diagnostics Market Report and Forecast 2024-2032

Global Veterinary Infectious Disease Diagnostics Market Outlook

The global veterinary infectious disease diagnostics market stood at a value of nearly USD 1.94 billion in 2023. The industry is further expected to grow at a CAGR of almost 9% in the forecast period of 2024-2032 to reach USD 4.21 billion by 2032. The global veterinary infectious disease diagnostics industry is being driven by the development of advanced tools for diagnosing veterinary infectious disease.

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Market Segmentation

The global veterinary infectious disease diagnostics industry can be divided based on segments like technology, animal types, infection types, end-uses, and regions.

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• Technology:
  • Immunodiagnostics
    • Lateral Flow Assays
    • Elisa Tests
    • Others
  • Molecular Diagnostics
    • Polymerase Chain Reaction (PCR) Tests
    • Microarrays
    • Others
  • Other Technologies
• Animal Type:
  • Companion Animals 
    • Dogs
    • Cats
    • Horses
  • Food-Producing Animals
    • Cattle
    • Swine
    • Poultry
    • Other Food-Producing Animals
• Infection Type:
  • Bacterial Infections
  • Viral Infections
  • Parasitic Infections
  • Other Infections 
• End-Uses:
  • Reference Laboratories 
  • Veterinary Hospitals and Clinics 
  • Point-Of-Care/In-House Testing 
  • Research Institutes and Universities

The EMR report looks into the regional veterinary infectious disease diagnostics markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

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Market Analysis

With the advancement in technology, the equipment to test and diagnose veterinary infectious disease is developing, which is aiding the industry growth. The demand for advanced diagnostic tools has increased with the increase in preference for animal-derived food products. Further, with the rising disposable incomes, especially in emerging economies, there has been a steady rise in the companion animal population and the growing adoption of pet insurance. The governments across the nations are implementing various disease control prevention measures, further creating awareness regarding the veterinary infectious disease and its treatment, which is expected to aid the industry growth over the forecast period.

The immunodiagnostics segment, among other technologies, dominated the global veterinary infectious disease diagnostics industry in 2020 owing to its advantages like early disease detection and diagnosis ability, coupled with the advancements in immunoassay formats. The reference laboratories segment is expected to account for the largest share in the industry. Region-wise, North America accounted for the largest share in the industry in 2020 owing to the increased penetration of key market players in the region.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global veterinary infectious disease diagnostics market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Biomerieux S.A. 
• Chembio Diagnostics, Inc.
• IDEXX Laboratories, Inc.   
• INDICAL BIOSCIENCE GmbH
• Neogen Corporation 
• Thermo Fisher Scientific Inc.
• Others

The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report