Companion Animal Diagnostics Market By animal Type (Horses, Dogs, Cats,
Other Companion Animals), By Application (Clinical Pathology, Virology,
Bacteriology, Parasitology and Other), By Technology (Molecular Diagnostics
Urinalysis, Hematology, Immunodiagnostics, Clinical Biochemistry), By End
User (Research Institutes and Universities, Veterinary Reference
Laboratories, Veterinary Hospitals, and Clinics), By Geography (North
America, Europe, Asia Pacific, Rest of the World Forecast up to 2026)
The companion animal diagnostics market provides crucial insights for the development
of a treatment regimen that enhances the quality of overall animal healthcare. Animal
diagnostics is a high-tech market with various companies offering advanced molecular
testing products. Furthermore, the rising demand for fully automated and semi-
automated diagnostic tests is anticipated to further spur the demand for companion
animal diagnostics. Automatic testing tools will result in efficient handling of large
volumes of samples and increased productivity, whereas the tests are cost-effective and
cover a wide range of diseases. The growth of companion animal diagnostics is projected
to propel in the future by the emerging use of micro fluids and miniaturization, among
others supported commercialization and development of Vitro diagnostic devices and
imaging systems.
Companion Animal Diagnostics Market : Geographic Distribution (2026)North AmericaXX.X%Asia PacificXX.X%EuropeXX.X%North America was estimated to share the largest regional market for companion animal diagnostics with large number of animal diagnostics centresAsia Pacific market is projected to grow at the highest CAGR in the forecast period because of factors such as rise in pet adoption, increased awareness about animal healthEurope is second largest market with increasing spending on animal health and growing advanced testing centers RoWXX.X%
The purview of the Companion Animal Diagnostics Market is defined in the market
analysis as follows:
Based on animal type, the market is segmented into horses, dogs, cats, and other
animals. Among them, dogs accounted for the largest market share in 2019, which was
the result of the increasing incidence of obesity, diabetes, cancer, and other major
diseases among dogs. According to the Association for Pet Obesity Prevention (APOP)
report, 56% of dogs were recorded as obese in the U.S. in 2019. Obesity increases the
possibility of joint problems, cancer, diabetes, and other chronic conditions. Increasing
animal healthcare expenditure, especially in the developed regions, is propelling the
growth. The rise in awareness among pet owners has resulted in a frequent diagnosis of
glucose levels, thus increasing the demand for glucose monitors.
The companion animal diagnostics market has been analyzed by utilizing the optimum
combination of secondary sources and in-house methodology, along with an
irreplaceable blend of primary insights. The real-time assessment of the market is an
integral part of our market sizing and forecasting methodology. Our industry experts
and panel of primary participants have helped in compiling relevant aspects with
realistic parametric estimations for a comprehensive study. The participation share of
different categories of primary participants is given below:
Primary Participant Share22%26%30%22%GEOGRAPHYNorth AmericaEuropeAsia PacificRest of World47%16%37%COMPANYTeir 1Teir 2Teir 3
The application market is categorized into clinical pathology, bacteriology, virology,
parasitology, and other applications, owing to the growing volume of various pathology
tests performed in pets. Clinical pathology is further divided into cytopathology, clinical
chemistry, endocrinology, coagulation, hematology, immunohematology, urinalysis, and
general pathology. The clinical pathology tests are taken as the first tool for the
assessment of disease patterns as it gives an understanding of disease mechanism and
progression, which is crucial for the development of new treatments. The growing
concern among pet owners about pet health is a key factor propelling the demand for
innovative diagnostic products.
Amidst these segments, the molecular diagnostics technology is assumed to have a
major share in the market. The need for authentic, specific, and quick methods to
identify chronic diseases and genetic disorders in the early stages is expected to boost
the molecular diagnostics market for companion animal diagnostics.
Globally the animal diagnostics market is divided into five major regions, namely, North
America, Europe, the Asia Pacific, and Rest of the World. In 2019, North America was
estimated to share the largest regional market for companion animal diagnostics.
Somehow, the Asia Pacific market is projected to grow at the highest CAGR in the
forecast period because of factors such as rise in pet adoption, increased awareness
about animal health, and dramatically increasing per capita animal health expenditure,
specifically in India and China.
The Companion Animal Diagnostics Market is growing at a CAGR of 8.82% during the
forecast period of 2020-2026. The factors enhancing this market growth are cost-
beneficial service, approachable software to everyone in the business for providing
valuable solutions for the firm.
The report also includes the analysis of major players in the Companion Animal
Diagnostics market. Some of the major players consist of IDvet, Randox Laboratories,
Ltd, Mindray Medical International Limited, Skyla, Bionote Inc, Scil Animal Care
Company GmbH, Unit Medical Electronic Co., Ltd, Eurolyser Diagnostica GmbH, Nova
Biomedical, and Fassisi GmbH.
This report will help the market players to analyze the key market trends, market
dynamics, and dynamic needs of the end-users. The qualitative and quantitative analysis
will provide deep insights into the user experience of the report.
the users to understand the dynamic strategies such as product innovation,
partnerships, merger & acquisitions and joint ventures of the key players
analysis like SWOT analysis, portfolio analysis, capability analysis of the leading
players
understand the facts of the market across four major regions