Question 1

How big is the U.S. veterinary diagnostic services market?

Accepted Answer

U.S. dominated North America veterinary diagnostic services industry accounting for USD 14.9 billion in 2023 and is anticipated to show considerable growth over 2024-2032, due to high pet ownership rates and significant investment in R&D.

Question 2

Who are the key players in veterinary diagnostic services industry?

Accepted Answer

Ellie Diagnostics, Embark Veterinary, Inc., IDEXX Laboratories, Inc., IVET Labs, NationWide Laboratories, Neogen Corporation, Pathvets, and SYNLAB among others.

Question 3

Why is the demand for laboratory based veterinary diagnostic services industry?

Accepted Answer

The laboratory-based segment holds the largest market share of 62.7% in 2023 and is expected to maintain dominance through 2032, owing to accuracy, reliability, and comprehensive diagnostic capabilities.

Question 4

What is the size of veterinary diagnostics services market?

Accepted Answer

The veterinary diagnostic services market size was valued at USD 36.1 billion in 2023 and is estimated to record 6.3% CAGR from 2024 to 2032, due to the increasing animal population, rising incidence of zoonotic diseases, and higher disposable incomes.

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)

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