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Animal Health Diagnostics Market Size, Trends, Analysis, and Outlook By Type (Companion, Livestock), By End-User (Veterinary hospitals, Veterinary clinics, Diagnostic centers), by Region, Country, Segment, and Companies, 2024-2030

March 2024 | 190 pages | ID: A1A75B5A9C8FEN
VPAResearch

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The global Animal Health Diagnostics market size is poised to register 9.2% growth (CAGR) from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The industry study analyzes the global Animal Health Diagnostics market By Type (Companion, Livestock), By End-User (Veterinary hospitals, Veterinary clinics, Diagnostic centers).

The future of animal health diagnostics is evolving with advancements in point-of-care testing, molecular diagnostics, and digital health technologies that enable rapid and accurate detection of infectious diseases, genetic disorders, and metabolic imbalances in animals. Key trends include the development of portable and user-friendly diagnostic devices for on-farm and in-clinic testing of livestock and companion animals, integration of multiplex PCR and next-generation sequencing technologies for comprehensive pathogen detection and characterization, and customization of diagnostic assays and algorithms to meet the specific needs and challenges of different animal species and production systems. These advancements enable early disease detection and targeted intervention strategies, promoting animal health and productivity while minimizing economic losses and zoonotic disease transmission risks..

Animal Health Diagnostics Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Animal Health Diagnostics market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Animal Health Diagnostics survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Animal Health Diagnostics industry.

Key market trends defining the global Animal Health Diagnostics demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Animal Health Diagnostics Market Segmentation- Industry Share, Market Size, and Outlook to 2030

The Animal Health Diagnostics industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Animal Health Diagnostics companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Animal Health Diagnostics industry

Leading Animal Health Diagnostics companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Animal Health Diagnostics companies.

Animal Health Diagnostics Market Study- Strategic Analysis Review

The Animal Health Diagnostics market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
  • Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
  • Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
  • Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
  • Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Animal Health Diagnostics Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Animal Health Diagnostics industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three case scenarios- low case, reference case, and high case scenarios.

Animal Health Diagnostics Country Analysis and Revenue Outlook to 2030

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2030. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2030.

North America Animal Health Diagnostics Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong end-user industry demand. Leading companies focus on new product launches in the changing environment. The US economy is expected to grow in 2024 (around 2.2% growth in 2024), potentially driving demand for various Animal Health Diagnostics market segments. Similarly, Strong end-user demand is encouraging Canadian Animal Health Diagnostics companies to invest in niche segments. Further, as Mexico continues to strengthen its trade relations and invest in technological advancements, the Mexico Animal Health Diagnostics market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Animal Health Diagnostics Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Animal Health Diagnostics industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of businesses in identifying and leveraging new growth prospects positions the European Animal Health Diagnostics market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Animal Health Diagnostics Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Animal Health Diagnostics in Asia Pacific. In particular, China, India, and South East Asian Animal Health Diagnostics markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational manufacturers seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major markets in the region.

Latin America Animal Health Diagnostics Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Animal Health Diagnostics Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Animal Health Diagnostics market potential. Fueled by increasing healthcare expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Animal Health Diagnostics.

Animal Health Diagnostics Market Company Profiles

The global Animal Health Diagnostics market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Bio X Diagnostics SA, Bionote Co Ltd, Ellie Diagnostics, Eurofins Scientific SE, Eurolyser Diagnostics GmbH, Fujifilm Holdings Corp, Galaxy Diagnostics, Heska Corp, IDEXX Laboratories Inc, Innovative Diagnostics , Mars Inc, Mindray Bio medical Electronics Co. Ltd, Neogen Corp, Randox Laboratories Ltd, Secure Diagnostics Pvt. Ltd, Teco Diagnostics, Thermo Fisher Scientific Inc, Vimian Group AB, Zoetis Inc.

Recent Animal Health Diagnostics Market Developments

The global Animal Health Diagnostics market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Animal Health Diagnostics Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Type

Stationary 3D and 4D Ultrasound Devices

Portable 3D and 4D Ultrasound Devices

By Display

Color Ultrasound

B/W Ultrasound

By Portability

Trolley or Cart-Based Ultrasound Systems

Compact/Handheld Ultrasound Systems

Point-of-Pare (PoC) Ultrasound Systems

By Application

Radiology or General Imaging

Obstetrics or Gynecology

Cardiology

Urology

Vascular

Orthopedic and Musculoskeletal

Pain Management

Others

By End-User

Hospitals

Surgical Centers and Diagnostic Centers

Maternity Centers

Ambulatory Care Centers

Research and Academia

Others

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

Bio X Diagnostics SA

Bionote Co Ltd

Ellie Diagnostics

Eurofins Scientific SE

Eurolyser Diagnostics GmbH

Fujifilm Holdings Corp

Galaxy Diagnostics

Heska Corp

IDEXX Laboratories Inc

Innovative Diagnostics

Mars Inc

Mindray Bio medical Electronics Co. Ltd

Neogen Corp

Randox Laboratories Ltd

Secure Diagnostics Pvt. Ltd

Teco Diagnostics

Thermo Fisher Scientific Inc

Vimian Group AB

Zoetis Inc

Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 Animal Health Diagnostics Market Overview and Key Findings, 2024
1.2 Animal Health Diagnostics Market Size and Growth Outlook, 2021- 2030
1.3 Animal Health Diagnostics Market Growth Opportunities to 2030
1.4 Key Animal Health Diagnostics Market Trends and Challenges
  1.4.1 Animal Health Diagnostics Market Drivers and Trends
  1.4.2 Animal Health Diagnostics Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Animal Health Diagnostics Companies

2. ANIMAL HEALTH DIAGNOSTICS MARKET SIZE OUTLOOK TO 2030

2.1 Animal Health Diagnostics Market Size Outlook, USD Million, 2021- 2030
2.2 Animal Health Diagnostics Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. ANIMAL HEALTH DIAGNOSTICS MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. ANIMAL HEALTH DIAGNOSTICS MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
By Type
Stationary 3D and 4D Ultrasound Devices
Portable 3D and 4D Ultrasound Devices
By Display
Color Ultrasound
B/W Ultrasound
By Portability
Trolley or Cart-Based Ultrasound Systems
Compact/Handheld Ultrasound Systems
Point-of-Pare (PoC) Ultrasound Systems
By Application
Radiology or General Imaging
Obstetrics or Gynecology
Cardiology
Urology
Vascular
Orthopedic and Musculoskeletal
Pain Management
Others
By End-User
Hospitals
Surgical Centers and Diagnostic Centers
Maternity Centers
Ambulatory Care Centers
Research and Academia
Others
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Animal Health Diagnostics Market, 2025
5.2 Asia Pacific Animal Health Diagnostics Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Animal Health Diagnostics Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Animal Health Diagnostics Market, 2025
5.5 Europe Animal Health Diagnostics Market Size Outlook by Type, 2021- 2030
5.6 Europe Animal Health Diagnostics Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Animal Health Diagnostics Market, 2025
5.8 North America Animal Health Diagnostics Market Size Outlook by Type, 2021- 2030
5.9 North America Animal Health Diagnostics Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Animal Health Diagnostics Market, 2025
5.11 South America Pacific Animal Health Diagnostics Market Size Outlook by Type, 2021- 2030
5.12 South America Animal Health Diagnostics Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Animal Health Diagnostics Market, 2025
5.14 Middle East Africa Animal Health Diagnostics Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Animal Health Diagnostics Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Animal Health Diagnostics Market Size Outlook and Revenue Growth Forecasts
6.2 US Animal Health Diagnostics Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Animal Health Diagnostics Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Animal Health Diagnostics Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Animal Health Diagnostics Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Animal Health Diagnostics Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Animal Health Diagnostics Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Animal Health Diagnostics Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Animal Health Diagnostics Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Animal Health Diagnostics Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Animal Health Diagnostics Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Animal Health Diagnostics Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Animal Health Diagnostics Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Animal Health Diagnostics Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Animal Health Diagnostics Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Animal Health Diagnostics Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Animal Health Diagnostics Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Animal Health Diagnostics Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Animal Health Diagnostics Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Animal Health Diagnostics Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Animal Health Diagnostics Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Animal Health Diagnostics Industry Drivers and Opportunities

7. ANIMAL HEALTH DIAGNOSTICS MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. ANIMAL HEALTH DIAGNOSTICS COMPANY PROFILES

8.1 Profiles of Leading Animal Health Diagnostics Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
Bio X Diagnostics SA
Bionote Co Ltd
Ellie Diagnostics
Eurofins Scientific SE
Eurolyser Diagnostics GmbH
Fujifilm Holdings Corp
Galaxy Diagnostics
Heska Corp
IDEXX Laboratories Inc
Innovative Diagnostics
Mars Inc
Mindray Bio medical Electronics Co. Ltd
Neogen Corp
Randox Laboratories Ltd
Secure Diagnostics Pvt. Ltd
Teco Diagnostics
Thermo Fisher Scientific Inc
Vimian Group AB
Zoetis Inc

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


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