Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Companion Animal Diagnostics Market size was over USD 2.93 billion in 2024 and is projected to reach USD 9.88 billion by 2037, witnessing around 9.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of companion animal diagnostics is assessed at USD 3.17 billion.
The major factors which are attributed to drive the growth of the market are the rising population of companion animals. The surge in the market can also be projected to the factors such as the rising demand for pet insurance and increasing in the number of veterinary practitioners in developed countries globally. Moreover, the growing demand for rapid tests and portable instruments for point-of-care services is anticipated to propel the growth of the market.
