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:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

4.5 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

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
Cats
Dogs
Horses
Other Animals
By Application
Bacteriology
Parasitology
Clinical Pathology
Other Applications
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

Report scope can be customized per your requirements. Click here.

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

To understand key trends, Download Sample Report

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

To understand geography trends, Download Sample Report

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. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    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

  5. 5. MARKET SEGMENTATION

    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. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    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
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

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.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!