Veterinary Diagnostic Services Market – By Animal Type (Companion [Dog, Cats, Horses], Livestock [Cattle, Poultry, Swine]), Type (POC, Laboratory-based), Services (Clinical Biochemistry, Hematology, Immunodiagnostics), End-user – Global Forecast (2024 – 2032)

Veterinary Diagnostic Services Market Size

Veterinary Diagnostic Services Market size was valued at USD 36.1 billion in 2023 and is estimated to grow at 6.3% CAGR from 2024 to 2032. Veterinary diagnostic services include tests and analyses to detect diseases and monitor animal health. These services, which encompass blood tests, imaging, genetic testing, and pathology, are essential for diagnosing conditions, guiding treatments, and ensuring animal welfare. They play a crucial role in supporting livestock productivity, pet health, and overall food safety.
 

The veterinary diagnostics services market has grown significantly due to the increasing animal population, rising incidence of zoonotic diseases, and higher disposable incomes in developing regions. For example, Canada's 2021 Census of Agriculture reported a 3.4% increase in hogs and pigs from the previous year, totaling 14.6 million in 2021. Similarly, the APPA's National Pet Owners Survey 2021-2022 revealed that annual expenditure on routine veterinary visits is USD 242 for dogs and USD 178 for cats in the U.S. Increased pet and livestock adoption and rising animal healthcare spending are driving the market's growth.

 

The market now offers a wide range of diagnostic modalities and tools, providing veterinarians and pet owners with various options for disease detection and monitoring. While traditional methods like physical exams and basic lab tests remain important, advanced diagnostic technologies, such as veterinary point-of-care diagnostics (POC), are expected to create significant market opportunities. These advancements in diagnostic tests and service implementation are likely to expand the demand for veterinary diagnostic services in the coming years.
 

Veterinary Diagnostic Services Market Trends

The increase in zoonotic disease cases among animals is driving the demand for advanced diagnostics, expanding the market for veterinary diagnostic services. Zoonotic diseases, which can transfer from animals to humans, pose significant health risks. As awareness of these risks grows, so does the need for preventive measures, boosting the demand for comprehensive veterinary diagnostics. This helps monitor and control the spread of these pathogens, contributing to the growth of the diagnostic services market.
 

• For instance, a July 2022 report from WHO highlighted Africa's rising risk of zoonotic pathogens like the monkeypox virus, which originates in animals before crossing over to humans. Over the past decade, the region has seen a 63% increase in zoonotic outbreaks. Between January 1 and July 8, 2022, there were 2,087 reported cases of monkeypox, with only 203 confirmed. This rise in zoonotic diseases among animals is driving the demand for veterinary diagnostics, fuelling the services market.
   

Additionally, increased spending on animal healthcare, the rising adoption of pet insurance, advancements in diagnostic technologies, government support, and strategic expansions by key industry players are further driving the demand for veterinary diagnostic services.
 

Veterinary Diagnostic Services Market Analysis

Based on the animal type, the market is categorized as companion animals and livestock animals. The companion animal segment is further categorized into dogs, cats, horses, and other companion animals. This segment is set to lead the market, accounting for the largest revenue of USD 23.1 billion in 2023, anticipating its dominance throughout the forecast period with a CAGR of 6.2%.
 

• The segment dominance can be attributed to the increasing adoption of pet insurance, a rising pet population, and higher spending on pets. Technological advancements in diagnostics further boost this market. For example, NAPHIA reported that the number of insured companion animals in the U.S. and Canada reached 5.4 million in 2022, a 22% increase from 4.4 million in 2021. Favorable insurance policies encourage pet adoption, which in turn increases the demand for advanced healthcare services, including diagnostic services.
   
• Furthermore, the livestock animals segment is forecasted to achieve a significant CAGR, driven by increased R&D initiatives and awareness for early diagnosis among end-users. For instance, in October 2022, the Kansas State Veterinary Diagnostic Laboratory introduced a new polymerase chain reaction (PCR)-based test in cattle. Thus, the growing substantial populations of livestock animals, including cattle, pigs, and poultry, coupled with advancements in diagnostic technologies are poised to drive rising demand for diagnostic services in the market.
   

Based on type, the veterinary diagnostic services market is classified into point-of-care and laboratory-based. The laboratory-based segment holds the largest market share of 62.7% in 2023 and is expected to maintain dominance throughout the analysis period.
 

• Accuracy, reliability, and comprehensive diagnostic capabilities have cemented the dominance of laboratory-based test services in veterinary diagnostics. These tests play a pivotal role in identifying and tracking a broad spectrum of animal diseases, including zoonotic ones.
   
• Equipped with advanced technology and sophisticated tools, laboratories offer precise diagnostics crucial for managing and preventing diseases effectively. This precision has fueled a growing demand for laboratory-based veterinary diagnostics, further solidifying their market dominance.
   
• On the other hand, point-of-care testing services are witnessing a surge in demand, thanks to technological advancements that enable swift and accurate diagnostics. This rise in demand is primarily fueled by the growing need for immediate and dependable veterinary care.
   

Based on the services, the veterinary diagnostic services market is segmented into clinical biochemistry, hematology, immunodiagnostics, imaging, molecular diagnostics, and other services. The immunodiagnostics segment is projected to reach 28.3% by 2032.
 

• The immunodiagnostics segment has emerged as a dominant force due to their essential role it plays in detecting antibodies and antigens in animals.
   
• These tests are essential for diagnosing infectious diseases, autoimmune disorders, and allergies in veterinary medicine. They offer sensitivity and specificity making them invaluable for veterinarians in identifying and monitoring various animal health conditions.
   
• Furthermore, ongoing advancements in immunodiagnostic technologies continue to enhance their prominence and adoption thereby expanding diagnostic services demand in veterinary sector.
   

Based on the end-user, the veterinary diagnostic services market is segmented into diagnostic laboratories, veterinary clinics, veterinary hospitals, and other end-users. The veterinary clinics segment dominated the market with the highest share in 2023.
 

• Veterinary clinics serve as primary points of care for pet owners and livestock producers, where diagnostic tests are routinely conducted to assess and monitor animal health.
   
• These clinics rely heavily on diagnostic services to provide timely and accurate diagnoses, guiding treatment decisions and improving animal health.
   
• Thus, the availability of diagnostic tools in clinics strengthens their ability to provide comprehensive veterinary care, contributing to their prominence in the market.
   

U.S. dominated the North American veterinary diagnostic services market accounting for USD 14.9 billion in 2023 and is anticipated to show considerable growth over the analysis period.
 

• The U.S. holds a leading position in the North American market due to high pet ownership rates and significant investment in R&D.
   
• Technological advancements in diagnostic tools, including imaging and molecular diagnostics, are also prevalent in the country. Moreover, the presence of major market players strengthens its leadership position.
   
• Stringent regulatory frameworks ensure quality standards, supporting the market's growth trajectory in delivering comprehensive veterinary care nationwide.
   
• Additionally, strong support from regulatory bodies such as the FDA for clinical trials and the presence of major market players further bolsters the U.S. market's growth and innovation.
   

Germany exhibited a high growth potential in the European veterinary diagnostic services market.
 

• Germany is a key player in the market in Europe, known for its advanced veterinary care services and rigorous regulatory standards.
   
• The country's focus on research and technological innovation in veterinary sciences accelerates the development and adoption of diagnostic technologies, thereby boosting demand for diagnostic services.
   
• Moreover, increasing awareness among pet owners about early diagnosis, coupled with the presence of leading veterinary research institutions and biotechnology firms, further solidified Germany's position in the market.
   

The Asia Pacific veterinary diagnostic services market is poised for rapid growth with a CAGR of 6.7% during the forecast period.
 

• The Asia Pacific market is poised for rapid growth due to increasing pet ownership, rising awareness of animal health, and the growing prevalence of zoonotic diseases.
   
• The economic development and expanding access to advanced veterinary care contribute to this growth in the region.
   
• Additionally, government initiatives supporting animal health and investments in veterinary infrastructure further boost the market.
   
• Thus, the region's rapidly growing veterinary diagnostics sector reflects a strong demand for comprehensive and reliable animal health services.
   

Veterinary Diagnostic Services Market Share

The market is characterized by a diverse array of players offering a range of diagnostic technologies and services. Key competitive factors include technological advancements in imaging, molecular diagnostics, and point-of-care testing fuelling the diagnostic services demand. Companies compete based on product innovation, accuracy of diagnostic tests, and geographic reach. Strategic partnerships, mergers, and acquisitions are common strategies to enhance market presence and expand service offerings.
 

Veterinary Diagnostic Services Market Companies

Few of the prominent players operating in the veterinary diagnostic services industry include:

• ANICON (SAN Group)
• Antech Diagnostics, Inc. (Mars, Inc.)
• Ellie Diagnostics
• Embark Veterinary, Inc.
• IDEXX Laboratories, Inc.
• IVET Labs
• NationWide Laboratories
• Neogen Corporation
• Pathvets
• SYNLAB
• Veterinary Healthcare Company (VETHC)
• Zoetis Services LLC (Zoetis Inc.)
   

Veterinary Diagnostic Services Industry News:

• In May 2024, SK Telecom launched its AI-based veterinary X-ray image diagnosis assistance service, 'X Caliber,' in Australia. This innovative service uses AI to analyze X-ray images of dogs and cats in approximately 15 seconds. By utilizing cloud storage for data, X Caliber eliminates the need for hospitals to install separate servers. This launch marked a significant advancement in veterinary diagnostics services, streamlining the diagnostic process and enhancing veterinary care in Australia.
   
• In March 2024, VolitionRx Limited entered into a supply agreement with Fujifilm Vet Systems Co. Ltd to introduce the Nu.Q Vet Cancer Test to veterinarians in Japan. This agreement allowed Fujifilm Vet Systems to offer and conduct cancer screening services for dogs using the Nu.Q Vet Cancer Test across its network of central reference laboratories in Japan. This partnership marked a significant step forward in canine cancer diagnostics services, enhancing the availability and accessibility of advanced cancer screening for dogs in the region.
   

The veterinary diagnostic services market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:

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Market, By Animal Type

• Companion animals
  • Dogs
  • Cats
  • Horses
  • Other companion animals
• Livestock animals
  • Cattle
  • Poultry
  • Swine
  • Other livestock animals

Market, By Type

• Point of care (POC)
• Laboratory-based

Market, By Services

• Clinical biochemistry
• Hematology
• Immunodiagnostics
• Imaging
• Molecular diagnostics
• Other services

Market, By End-user

• Diagnostic laboratories
• Veterinary clinics
• Veterinary hospitals
• Other end-users

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • The Netherlands
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of Middle East and Africa