Animal Diagnostics Market Size By Technology (Immunodiagnostics {ELISA, Lateral Flow Assays, Immunoassay Analyzers}, Clinical Biochemistry, Hematology, Molecular Diagnostics {PCR, Microarrays}, Urinalysis), By Animal Type (Farm Animals {Poultry, Swine, Cattle}, Companion Animals {Dogs, Cats, Horses}), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Poland, China, Japan, India, South Korea, Australia, Brazil, Mexico, South Africa, Saudi Arabia), Application Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Aug 2019  |  Report ID: GMI2495  |  Authors: Sumant Ugalmugale

Report Format: PDF   |   Pages: 160   |   Base Year: 2018

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Animal Diagnostics Market size was valued over USD 3 billion in 2018 and is expected to witness more than 8% CAGR from 2019 to 2025.

Germany Animal Diagnostics Market, By Technology, 2018 & 2025 (USD Million)

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Various initiatives and campaigns undertaken by government and non-government organizations to ensure animal health will significantly drive industry growth in the future. Free vaccination programs and Community based Livestock Initiative Programme (CLIP) undertaken by numerous animal healthcare organizations will encourage animal healthcare. Moreover, governments in developing nations are also making efforts to strengthen the healthcare infrastructure for providing high-quality treatment for livestock and companion animals, thereby propelling market growth.

Increasing prevalence of food borne and zoonotic diseases has stimulated the demand for advanced animal diagnostic solutions. Contact with contaminated animal skin or infected intestinal components may result in the spread of zoonotic disease. For instance, as per the 2017 report of ECDC and EFSA on zoonotic disease, more than 350 thousand people were hospitalized due to food-borne zoonotic diseases. High pervasiveness of zoonotic diseases will boost the growth of animal diagnostic market across the forecast timeframe.

However, low out of pocket expenditure on pet healthcare in developing countries will hamper the market. Also, high cost that are associated with animal tests hampers animal diagnostics industry growth.

Animal Diagnostics Market Report Coverage
Report Coverage Details
Base Year: 2018
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Pages: 160 Tables, Charts & Figures: 349
Geographies covered (18): U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Poland, China, Japan, India, South Korea, Australia, Brazil, Mexico, South Africa, Saudi Arabia
Segments covered: Technology, Animal Type and Region
Companies covered (9): IDEXX Laboratories, Abaxis, Heska Corporation, Neogen, Zoetis, Thermo Fisher Scientific, Randox, Qiagen, Virbac

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Animal Diagnostics Market, By Technology

Enzyme-linked immunosorbent assay (ELISA) segment accounted for significant market size of USD 428.3 million in 2018 and is anticipated to dominate the immunodiagnostics segment over the forecast period. Various advantages associated with ELISA such as high sensitivity and reproducibility, quick results, easy of handling and convenient automation will boost segment growth. Also, wide array of application of ELISA in detection and diagnosis of various infectious diseases including canine scabies and porcine circovirus will be conducive to segmental growth.

Hematology segment accounted for market share of 18.4% in 2018. The technique is used to assess common hematological disturbances in veterinary practice. The test is capable of detecting bleeding disorder and other hidden abnormalities that will drive industry growth. Moreover, various advancements for development of novel hematology analyzer with superior performance, elegant design, easy to use, true database management capability, and minimal maintenance will spur segment growth.

Animal Diagnostics Market, By Animal type

U.S. Animal Diagnostics Market Size, by Animal Type, 2018 (USD Million)

U.S. Animal Diagnostics Market Size, by Animal Type, 2018 (USD Million)

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Poultry animals segment is forecasted to expand at 8.8% CAGR during the analysis period. High growth is attributed to growing requirement for diagnosis of various poultry diseases coupled with advances in veterinary diagnostics. Furthermore, detection of infectious diseases in poultry animals by various advanced testing methods that provide faster results, and customized protocols with expert team for technical support and veterinary consulting are advantages that will propel segment growth.

Dogs segment held market size of USD 784.6 million in 2018 and is expected to dominate the market across the forecast timeframe. Availability of economical and quick DNA testing for hereditary diseases in companion animals and partnership with scientists to develop, validate, and deliver numerous testing option for breeders and pet owners are few of the factors propelling business growth. Moreover, increasing adoption of dogs as companion animal coupled with growing pet expenditure will drive segment growth.

Animal Diagnostics Market, By Region

Europe animal vaccine market share, by country, 2025 (USD Million)
Europe animal vaccine market share, by country, 2025 (USD Million)

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North American market accounted for revenue of USD 1.7 billion in 2018. Growing pet animals adoption for companionship along with high animal healthcare expenditure will drive North America animal diagnostics market. Advancements in veterinary diagnostics coupled with several laboratories adopting advanced molecular diagnostic techniques in the region will further propel market growth. Growing demand for animal derive food due to rising awareness about its high nutritional content along with large scale animal farming in the U.S. will drive industry growth.

European market will grow at 7.8% during the forecast timeframe. Increasing demand for animal products coupled with growing focus on biologicals that aids in developing various vaccines are factors driving animal diagnostics industry growth in Europe. High intake of animal food create pressure on animal farms, thereby stimulating demand for animal diagnostics to control prevalence of zoonotic and animal food borne diseases. Moreover, to government and private companies are take joint efforts for development and tnroduction of new diagnostic products, thus fostering business growth in the region.

Competitive Market Share

Some of the major players of global animal diagnostics market are IDEXX Laboratories, Neogen, Abaxis, Zoetis, Thermo Fisher Scientific and Virbac among others. Industry players are focusing on R&D activities to develop superior veterinary diagnostic solutions. Other strategies adopted by major players include acquisitions, mergers and geographical expansion.

Recent industry developments:

  • In August 2019, Zoetic announced expansion of its point-of-care diagnostic portfolio for equine inflammation with Stablelab diagnostic blood test that will provide results in less than 10 minutes. This strategy will enable the company to expand its customer base and drive the revenue generation stream.
  • In August 2018, IDEXX Laboratories, Inc. announced about the expansion of its rapid overnight service, IDEXX-Direct service. The strategy was aimed at enhancing company’s customer portfolio with greater flexibility to its customers.

Animal Diagnostics Industry Background

Animal diagnostics industry has undergone tremendous expansions with development of point-of-care diagnosis and personalised medicine. More emphasis is given on predictive medicines compared to curative medicines. Various technological advancements and integration of biochemistry and proteomics have led to the development of accurate, rapid and sensitive diagnostic methods of microbial, viral, metabolic and genetic diseases. These devices offer crucial insights for the development of a treatment regimen that enhance the overall animal healthcare. Animal diagnostics is a technology-driven market with various companies offering advanced molecular testing products.

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