Veterinary Diagnostics Market is expected to generate a revenue of USD 4.52 Billion by 2031, Globally, at 6.59% CAGR: Verified Market Research®

The veterinary diagnostics market is witnessing strong growth due to increasing pet adoption, rising demand for preventive healthcare, and advancements in diagnostic technologies. However, high diagnostic costs and limited access to veterinary care in rural areas restrain market expansion. Growing awareness about zoonotic diseases and increasing livestock health monitoring create significant opportunities for industry players.

Lewes, Delaware, Aug. 11, 2025 (GLOBE NEWSWIRE) -- The Global Veterinary Diagnostics Market Size is projected to grow at a CAGR of 6.59% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 2.84 Billion in 2024 and is expected to reach USD 4.52 Billion by the end of the forecast period.

The veterinary diagnostics market is growing rapidly, fueled by rising pet care spending, advanced testing solutions, and increased disease surveillance in animals. Demand is surging for accurate, rapid diagnostics to ensure early detection, better treatment outcomes, and improved animal health management.

Key Highlights of the Report:

Market Size & Forecast: In-depth analysis of current value and future projections
Segment Analysis: Breaks down the market by Type, Application, Animal Type, and Technology for focused strategy development.
Regional Insights: Comprehensive coverage of North America, Europe, Asia-Pacific, and more
Competitive Landscape: Profiles key players, their strategic initiatives, and innovation-driven growth approaches.
Growth Drivers & Challenges: Analyzes the forces accelerating growth and the restraints hindering large-scale adoption.
Challenges and Risk Assessment: Evaluates ethical debates, off-target effects, and regulatory complexities.

For more information or to purchase the report, please contact us at: https://www.verifiedmarketresearch.com/download-sample/?rid=27421

Browse in-depth TOC on “Global Veterinary Diagnostics Market Size”

202 - Pages

126 – Tables

37 – Figures

Global Veterinary Diagnostics Market Overview

Market Driver

1. Rising Pet Adoption and Companion Animal Healthcare Spending
The global rise in pet ownership, especially in urban and high-income households, is driving the demand for veterinary diagnostics. Pet humanization trends mean owners are investing more in preventive healthcare, early disease detection, and routine checkups for their cats, dogs, and exotic pets. Advanced diagnostic services such as hematology, urinalysis, immunodiagnostics, and molecular testing are becoming standard in veterinary clinics. Additionally, insurance coverage for pets is expanding, making high-quality diagnostic services more affordable. As pet care spending rises, the need for accurate and timely diagnostic solutions will continue to grow, directly strengthening the veterinary diagnostics market.

2. Increasing Prevalence of Zoonotic and Livestock Diseases
Zoonotic diseases, which can be transmitted between animals and humans, are a significant public health concern. Diseases like rabies, brucellosis, bovine tuberculosis, and avian influenza not only threaten animal welfare but also impact food security, trade, and economies. Livestock disease outbreaks can result in large-scale culling, export restrictions, and revenue losses. Veterinary diagnostics play an essential role in controlling these risks through early detection, continuous monitoring, and quick response. Governments, NGOs, and international health bodies are actively funding animal disease control programs, which boosts the adoption of advanced testing tools.

3. Technological Advancements in Veterinary Diagnostic Tools
The veterinary diagnostics industry is witnessing rapid technological innovations, including PCR-based molecular diagnostics, ELISA tests, lateral flow assays, and portable point-of-care analyzers. These technologies offer faster, more accurate, and cost-effective disease detection, enabling timely intervention. AI-driven image analysis, telemedicine-enabled diagnostics, and cloud-based veterinary data platforms are further enhancing efficiency and accessibility. Portable devices are particularly valuable in rural and field settings, ensuring diagnostic capabilities are not limited to urban clinics.

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Market Restraint

1. High Cost of Advanced Veterinary Diagnostic Procedures
Cutting-edge veterinary diagnostic tools, while highly accurate, often come with significant costs for purchase, maintenance, and consumables. Many small and medium-sized veterinary clinics cannot afford such investments, limiting the scope of services they can provide. For pet owners and livestock farmers, the high cost of frequent testing can discourage regular checkups, leading to late disease detection. Even with insurance, the cumulative cost of diagnostics can be prohibitive in developing economies.

2. Limited Access to Veterinary Services in Rural and Developing Areas
In many rural regions, access to modern veterinary diagnostic facilities is minimal due to the lack of infrastructure, trained professionals, and transportation networks for sample collection. Livestock farmers often depend on physical observation rather than laboratory confirmation, which can lead to incorrect or delayed treatment. The lack of diagnostic awareness also reduces demand for these services. As a result, potential market growth in emerging economies remains untapped.

3. Regulatory and Standardization Challenges in Veterinary Diagnostics
Veterinary diagnostics are subject to complex and often region-specific regulatory requirements, including varying approval timelines, testing protocols, and certification standards. This lack of harmonization makes global expansion challenging for diagnostic manufacturers. Additionally, the cost and time needed to achieve compliance can delay the introduction of new products. For small companies, these hurdles can be prohibitive, limiting innovation and competition.

Geographical Dominance: North America dominates the veterinary diagnostics market, driven by advanced animal healthcare infrastructure, high pet adoption rates, and strong awareness of zoonotic disease prevention. The U.S. and Canada lead in adopting molecular diagnostics, point-of-care testing, and preventive screening programs. Favorable government policies, robust R&D investments, and the presence of major market players strengthen the region’s leadership. With growing demand for rapid, accurate diagnostics, North America continues to set global benchmarks in veterinary healthcare innovation.

Key Players

The “Global Veterinary Diagnostics Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Antech Diagnostics, Inc., bioMérieux SA, IDEXX Laboratories Inc., Virbac, Zoetis Inc., Heska Corporation, Thermo Fisher Scientific, Neogen Corporation, QIAGEN N.V., and IDvet.

Veterinary Diagnostics Market Segment Analysis

Based on the research, Verified Market Research has segmented the global market into Type, Application, Animal Type, Technology and Geography.

Veterinary Diagnostics Market, by Type
- Diagnostic Imaging
- Immunodiagnostic Tests
- Molecular Diagnostics
- Clinical Chemistry
- Hematology
- Urinalysis
Veterinary Diagnostics Market, by Application
- Infectious Diseases
- Cancer
- Hormonal Disorders

Veterinary Diagnostics Market, by Animal Type
- Companion Animals
- Livestock Animals
Veterinary Diagnostics Market, by Technology
- Polymerase Chain Reaction
- ELISA
- Diagnostic Imaging

Veterinary Diagnostics Market, by Geography
- North America
  - U.S
  - Canada
  - Mexico
- Europe
  - Germany
  - France
  - U.K
  - Rest of Europe
- Asia Pacific
  - China
  - Japan
  - India
  - Rest of Asia Pacific
- ROW
  - Middle East & Africa
  - Latin America

Why This Report Matters:

This report provides actionable insights on market trends, opportunities, and competitive dynamics. It helps B2B decision-makers, manufacturers, and investors identify growth areas, optimize strategies, and strengthen market positioning in the rapidly evolving veterinary diagnostics sector.

Who You Should Read This Report:

Market research professionals
Veterinary product manufacturers
Animal healthcare providers
Investors & industry analysts
B2B buyers in animal health sectors

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