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Veterinary Molecular Diagnostics Market Size

  • Report ID: GMI6325
  • Published Date: Jul 2023
  • Report Format: PDF

Veterinary Molecular Diagnostics Market Size

Veterinary Molecular Diagnostics Market size was valued at USD 298 million in 2022 and is anticipated to reach USD 678.8 million by 2032 at CAGR of 8.6%. Some of the major factors including rising adoption of companion animals, high prevalence of zoonotic and foodborne diseases, technological advancements in veterinary molecular diagnostic technologies, and increasing adoption of pet insurance.

 

The veterinary molecular diagnostics refers to the use of molecular techniques such as polymerase chain reaction (PCR), next-generation sequencing (NGS), and microarray, to diagnose infectious diseases, genetic disorders, and other conditions in animals. The industry includes the products used for the analysis of animal DNA, RNA, and proteins to identify specific nucleic acid sequences or mutations associated with disease or predisposition to disease. These diagnostic tests are performed in diagnostic laboratories, veterinary hospitals & clinics, research institutions, and other animal care facilities to aid in the accurate diagnosis, treatment, and prevention of diseases in animals.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market size for veterinary molecular diagnostics was USD 298 million in 2022 and is anticipated to reach USD 678.8 million by 2032 owing to the increasing adoption of companion animals along with the high prevalence of zoonotic and foodborne diseases

The kits & reagents segment generated USD 209 million in revenue in 2022 and is expected to gain significant momentum through 2032 owing to increasing demand of infectious disease diagnostic testing in companion and livestock animals.

North America market is expected to expand at 8.1% CAGR from 2023 to 2032 owing to the presence of well-developed veterinary healthcare infrastructure in the region

Some of the top companies engaged in the veterinary molecular diagnostics market are IDEXX Laboratories Inc., Thermo Fischer Scientific Inc., bioMerieux SA, Qiagen, ID Vet, Biolab S.r.l., INDICAL BIOSCIENCE GmbH, Bionote USA Inc., Zoetis, Inc., and Neogen Corporation.

Veterinary Molecular Diagnostics Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 539
  • Countries covered: 19
  • Pages: 313
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