The Companion Animal Diagnostics Market size was valued at USD 2.8 Billion in 2023 and the total Companion Animal Diagnostics Market revenue is expected to grow at a CAGR of 9.6 % from 2024 to 2030, reaching nearly USD 5.32 Billion.
Companion Animal Diagnostics Market Overview:
Maximize Market Research is a business Consultancy Firm that has published a detailed analysis of the Companion Animal Diagnostics Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Companion Animal Diagnostics market by thorough analysis, and projections are made up to 2030.
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Companion Animal Diagnostics Market Scope and Methodology:
The Companion Animal Diagnostics Market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Companion Animal Diagnostics market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.
Also, the research offers detailed insights into the dynamics of the Companion Animal Diagnostics market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Companion Animal Diagnostics market were developed. The study provides a thorough value chain analysis that clarifies the Companion Animal Diagnostics production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Companion Animal Diagnostics market on a global and micro level.
Companion Animal Diagnostics Market Segmentation:
by Technology
Immunodiagnostics
Clinical Biochemistry
Hematology
Urinalysis
Molecular Diagnostics
Other Companion Animal Diagnostics Technologies
The Companion Animal Diagnostics Market is characterized by a varied spectrum of technologies, each playing a significant part in diagnostic capabilities for companion animals. Using immunological concepts and methods, immunodiagnostics is the most popular among them; businesses such as BioVenic are at the forefront of veterinary immunodiagnostics developments. It is anticipated that this market will remain dominant moving forward due to a dedication to state-of-the-art laboratory services and constant innovation. Hematology, urinalysis, and clinical biochemistry are the three main pillars of the diagnostic framework, and they all play a major role in thorough health assessments. The latest release of Zoetis’ Vetscan Imagyst Platform with AI Urine Sediment Analysis, which addresses issues brought to light by industry guidelines, is an example of the ongoing progress in urinalysis.
by Application
Clinical Pathology
Bacteriology
Virology
Parasitology
Other Applications
by Animal
Dog
Cat
Horse
Other Companion Animals
Based on the kind of animals involved, the Companion Animal Diagnostics Market shows a varied segment analysis with a primary focus on dogs, cats, and horses. With 1 in 4 dogs likely to have cancer and over 50% of dogs over 10 developing the disease, dogs will continue to be a dominating section of the market in 2023 and are projected to increase during the forecast period. This emphasizes how important diagnostic services are to the health of dogs. Cats are also a major player in the market. Cats are regarded as members of the family by almost 95% of pet owners, which highlights the importance of thorough diagnostics for feline health.
by End-User
Diagnostics Laboratories
Veterinary Clinics and Hospitals
Research Institute and Universities
Home-care Settings
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Companion Animal Diagnostics Market Key Players:
North America:
1. Abaxis Corporation (California, USA)
2. Idexx Laboratories, Inc. (Maine, USA)
3. Zoetis, Inc. (New Jersey, USA)
4. Heska Corporation (Colorado, USA)
5. Thermo Fisher Scientific, Inc. (Massachusetts, USA)
Europe:
6. Biomerieux SA (France)
7. Creative Diagnostics (New York, USA)
8. Agrolabo Spa (Italy).
9. Virbac (Carros, France)
10. Indical Bioscience GmbH (Leipzig, Germany)
11. Idvet (Grabels, France)
12. Randox Laboratories Ltd. (Northern Ireland, UK)
Asia Pacific:
13. Fujifilm Holdings Corporation (Tokyo, Japan)
14. Shenzhen Mindray Animal Medical Technology Co., Ltd. (Shenzhen, China)
15. BioNote, Inc (Hawseong, South Korea)
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Companion Animal Diagnostics Market Regional Insights :
The size and trends in the Companion Animal Diagnostics market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).
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Key questions answered in the Companion Animal Diagnostics Market are:
- What is Companion Animal Diagnostics ?
- What was the Companion Animal Diagnostics market size in 2023?
- Which are the factors expected to drive the Companion Animal Diagnostics market growth?
- Who are the leading companies and what are their portfolios in Companion Animal Diagnostics Market?
- What growth strategies are the players considering to increase their presence in Companion Animal Diagnostics ?
- What are the upcoming industry applications and trends for the Blockchain Identity management market?
- What will be the CAGR at which the Companion Animal Diagnostics market will grow?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Companion Animal Diagnostics Market?
- What are the different segments of the Companion Animal Diagnostics Market?
- What is the growth rate of the Companion Animal Diagnostics Market?
- What segments are covered in the Companion Animal Diagnostics Market?
- Who are the key players in the Companion Animal Diagnostics market?
- What are the key challenges and opportunities in the Companion Animal Diagnostics market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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