Latest News- Animal Health Diagnostics Market: Companion is expected to lead the Type segment during 2025-2029

The Animal Health Diagnostics Market is being driven by Increase in pet humanization

The Animal Health Diagnostics Market is expected to grow at a CAGR of 9.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2102.5 million. In the dynamic animal health diagnostics market, major corporations are fostering innovation by collaborating with startups, integrating technology into both the pet and livestock sectors. IoT (Internet of Things) revolutionizes animal healthcare through advanced health monitors that collect and analyze extensive data over time. This data-driven approach offers veterinarians and animal owners invaluable insights into animal health trends and behaviors, enabling more informed decision-making. In the burgeoning pet sector, there is a surging demand for health monitors, wearable activity trackers, and video-enabled engagement tools for remote monitoring. For livestock, real-time data analytics from monitoring solutions provide crucial insights on feeding and healthcare interventions, enhancing overall herd management efficiency. 

Get more information on Animal Health Diagnostics Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Companion
  • Livestock
• End-user
  • Veterinary hospitals
  • Veterinary clinics
  • Diagnostic centers
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
    • South Korea
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in pet humanization
• Rising awareness about zoonotic diseases
• Increasing dependency on livestock products

However, the market also witnesses some limitations, which are as follows:

• Rising cost of animal healthcare
• Regulatory hurdles with animal health diagnostics
• Lack of market penetration in rural areas

Benefits of Buying Global Animal Health Diagnostics Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Animal Health Diagnostics Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Animal Health Diagnostics Market encompasses various sectors including veterinary diagnostics software, pet health monitoring, veterinary laboratory services, and veterinary diagnostics standards. Advanced veterinary diagnostics, companion animal diagnostics, and veterinary point-of-care diagnostics are key areas of focus. Veterinary diagnostics training and consulting provide expertise in personalized veterinary medicine. Livestock diagnostics, veterinary diagnostic testing, research, and innovation are essential for animal disease prevention. Veterinary laboratories play a crucial role in veterinary care needs for companion animals and animal health surveillance.

Market Research Overview

The Animal Health Diagnostics Market is a significant segment of the larger Global Healthcare Supplies Market, focusing on companies and innovations in the realm of animal health diagnostics. This sector encompasses Complete Blood Count (CBC) technology, preventive healthcare for animals, and the application of molecular diagnostics in veterinary medicine. Key growth drivers include the humanization of pets, increasing medicalization rates, and the regulatory environment. Furthermore, the advent of portable diagnostic devices is revolutionizing veterinary medicine, enabling quicker and more accurate diagnoses. These trends are expected to propel the Animal Health Diagnostics Market forward, contributing to the overall expansion of the Global Healthcare Supplies Market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/