The global companion animal diagnostics market is expected to show considerable growth during the forecast period owing to the rising adoption of companion animals and need to prevent them from zoonotic disorders. Data from the American Pet Products Association shows that the number of households with a companion animal has increased from 79.7 million to 84.6 million from the year 2016 to 2018. Companion animals become members of the family both in developed and emerging markets and due to this, a wide range of products and services for these animals to live longer and healthy lives is highly in demand. The factor driving the companion animal diagnostic market is growing companion animal population, rising demand for pet insurance, and the growing number of veterinary practitioners in emerging economies. The other factors contributing to the growth of the market include advances in animal health medicines and vaccines. However, the factor restraining the growth of the market is increasing pet care costs globally.

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There are various diagnostic tests that can be performed to determine the cause of a pet’s disorder. The diagnostic test includes immunodiagnostics, hematology, diagnostic imaging, clinical chemistry, serology, cytology, and molecular diagnostics. These diagnostic test kits are commercially available across the globe. The diagnostic test kits can be used on a regular basis to test for diseases such as heartworm disease, feline leukemia virus infection, Lyme disease, and many others. The market is segmented on the basis of the regions that include North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America holds the significant market share owing to the presence of market leaders such as Thermofisher Scientific, Inc., IDEXX Laboratories and Zoetis Inc. Moreover, the Asia-Pacific region is expected to grow owing to the rapidly growing demand for point-of-care companion animal diagnostic products in the region such as China, South Korea, Japan, and Vietnam. Furthermore, the region is expected to grow owing to the growing number of veterinary hospitals and clinics, increasing the adoption of companion animals and increasing awareness about their health.

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Global Companion Animal Diagnostic Market Segmentation

By Test

Diagnostic Imaging

Hematology

Serology

Cytology

Clinical Chemistry

Immunodiagnostics

Molecular Diagnostics

Other

Regional Analysis

North America

US

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

Alvedia

Aquila Diagnostics Systems, Inc.

Bayer AG

BioMérieux SA

Biovet, Inc.

Henry Schein, Inc.

Heska Corp.

IDEXX Laboratories, Inc.

IDvet

INDICAL BIOSCIENCE GmbH

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