Companion Animal Diagnostic Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Companion Animal Diagnostic Market is segmented by Animals (Cats, Dogs, Horses, and Other Animals), Application (Bacteriology, Parasitology, Clinical Pathology, and Other Applications), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America).

Market Snapshot

Companion Animal Diagnostic Market
Study Period:

2018 - 2026

Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:

North America


4.5 %

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Market Overview

The companion animal diagnostic market is expected to register a CAGR of 4.5% during the forecast period. This is attributing to the rising demand for pet insurance, growth in the companion animal population, and an increasing number of veterinary practitioners in developed economies. 

Moreover, the increasing prevalence of chronic diseases among animals, such as canine diabetes and feline diabetes, results in high demand for diagnosis and further propels the market. 

Additionally, the rising number of pet owners leading to the adoption of companion animals further boosts the revenue growth of the overall market. As per the 2019-2020 National Pet Owners Survey by American Pet Products Association (APPA), around 85 million households own a pet. This huge pet population is expected to promote the growth of the market studied. 

Furthermore, automation in a diagnostic test associated with companion animals results in ineffective handling of bulk samples and improved productivity. The increasing demand for semi-automated and fully automated diagnostic tests associated with companions may also boost the market studied.

Scope of the Report

As per the scope, companion animal diagnostic deals with identifying, detecting, and severity of several diseases associated with companion animals.

By Animals
Other Animals
By Application
Clinical Pathology
Other Applications
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle-East and Africa
South Africa
Rest of Middle-East and Africa
South America
Rest of South America

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Key Market Trends

Clinical Pathology in Companion Animal Diagnostic Market is Estimated to Witness a Healthy Growth in Future

  • Clinical pathology is estimated to witness healthy growth in the future attributed to an increasing number of pet pathology tests. These tests encompass cytopathology, hematology, and general pathology. 
  • An increasing number of pet owners and their concern regarding pet health led o the adoption of new innovative diagnostic products for diagnosing purposes. Some of the products are Catalyst Dx and Catalyst One chemistry analyzers. 
  • Moreover, as clinical pathology tests are the mainstay or first step toward detecting companion animal diseases, they boost the segment growth.
  • Additionally, the growing number of R&D expenditure may boost the growth of the companion animal diagnostic market.
Key trends animals.png

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North America is Expected to Hold a Significant Share in the Market and Asia-Pacific is Expected to Witness High Growth in the Forecast Period

  • North America may hold a significant market share in the global companion animal diagnostic market. This is due to the increasing healthcare expenditure, the presence of major players and well-established healthcare infrastructures, and the rise in veterinary healthcare expenditure, fueling the overall growth of the overall regional market to a large extent. As per the Organisation for Economic Co-operation and Development (OECD), R&D expenditure has risen from 454 million in 2015 to 483 million in 2017, which propelled the growth of the market in the region.
  • Asia-Pacific is also expected to witness high growth during the forecast period owing to increasing pet adoption, awareness about animal health, and animal health care expenditure.
geography companion.png

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Competitive Landscape

The companion animal diagnostic market is moderately competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market studied. Some of the companies currently dominating the market are Heska Corporation, Agrolabo SpA, Zoetis Inc., IDEXX Laboratories Inc., IDvet, Neogen Corporation, Thermo Fisher Scientific Inc., Randox Laboratories Ltd, and Virbac.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Demand for Pet Insurance

      2. 4.2.2 Growth in the Companion Animal Population

      3. 4.2.3 Increasing Number of Veterinary Practitioners in Developed Economies

    3. 4.3 Market Restraints

      1. 4.3.1 Rising Pet Care Cost

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 By Animals

      1. 5.1.1 Cats

      2. 5.1.2 Dogs

      3. 5.1.3 Horses

      4. 5.1.4 Other Animals

    2. 5.2 By Application

      1. 5.2.1 Bacteriology

      2. 5.2.2 Parasitology

      3. 5.2.3 Clinical Pathology

      4. 5.2.4 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. GCC

        2. South Africa

        3. Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 Heska Corporation

      2. 6.1.2 Agrolabo SpA

      3. 6.1.3 Zoetis Inc.

      4. 6.1.4 IDEXX Laboratories Inc.

      5. 6.1.5 IDvet

      6. 6.1.6 Neogen Corporation

      7. 6.1.7 Thermo Fisher Scientific Inc.

      8. 6.1.8 Randox Laboratories Ltd

      9. 6.1.9 Virbac

    2. *List Not Exhaustive

**Subject to Availability

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Frequently Asked Questions

The Companion Animal Diagnostic Market market is studied from 2018 - 2026.

The Companion Animal Diagnostic Market is growing at a CAGR of 4.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

  • Heska Corporation
  • IDvet
  • Neogen Corporation
  • Zoetis Inc.
  • IDEXX Laboratories Inc.

Are the major companies operating in Companion Animal Diagnostic Market.

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