Veterinary Diagnostic Services Market Size

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.