Companion Animal Diagnostics Sector: Growth Drivers and Challenges
Growth Drivers
- Growth in the Companion Animal Population and Diseases Related to Them
- Increasing Number of Veterinary Practitioners in Developed Economies
Challenges
- Rising Pet Care Costs
Companion Animal Diagnostics Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
9.8% |
|
Base Year Market Size (2024) |
USD 2.93 billion |
|
Forecast Year Market Size (2037) |
USD 9.88 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of companion animal diagnostics is assessed at USD 3.17 billion.
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.
North America industry is poised to hold largest revenue share by 2037, on account of rising pet adoption and increasing awareness about animal health.
The major players in the market are Idexx., BIONOTE Co., LTD., Zoetis, RxList Inc, Heska Corporation, Randox Laboratories, Ltd., and others.
