Companion Animal Diagnostics Market by Technology (Immunodiagnostic, Clinical Biochemistry, Hematology, Urine Analysis), Application (Clinical Pathology, Virology, Bacteriology, Parasitology), Animal (Dog, Cat, Horse), End-User – Global Forecast to 2025

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The companion, animal diagnostics market, is projected to reach USD 3.0 billion by 2025 from USD 1.8 billion in 2020, at a CAGR of 9.8%. The rising companion animal population, increasing demand for pet insurance, and the growth in the number of veterinary practitioners in developed economies are the major factors that are driving the growth of the global companion animal diagnostics market. The growing demand for rapid tests and portable instruments for point-of-care service is expected to offerpotential growth opportunities for market players in the coming years. However, increasing pet care costs are expected to restrain market growth to a certain extent.

Some of the major players operating in the companion animal diagnostics market are

IDEXX Laboratories, Inc. (US),

Zoetis, Inc. (US),

Heska Corporation (US),

Thermo Fisher Scientific, Inc. (US),

Virbac (France),

Neogen Corporation (US),

bioMérieux SA (France),

IDvet (France),

INDICAL Bioscience GmbH (Germany) [QIAGEN N.V. (Netherlands)],

and Randox Laboratories Ltd. (UK).

Companion Animal Diagnostics Market is an outstanding market research report that conducts industry analysis on products, markets, companies, industries and many countries worldwide. When it is about guessing general market conditions, the growth prospects in the market, likely restrictions, significant industry trends, market size, market share, sales volume and future trends, the finest market research report such as this Companion Animal Diagnostics Market report comes into picture. The competitive analysis carried out in this industry analysis report includes strategic profiling of key market players, their core competencies, their strong and weak points, and the competitive landscape of the market which supports businesses illustrate their individual strategies.

Companion animal diagnostics market for dogs to growat the highest CAGR during the forecast period

Based on animal type, the companion animal diagnostics market is segmented intodogs, cats, horses, and other companion animals. The dog’s segment is expected to grow at the highest CAGR during the forecast period majorly due to the growing dog ownership, increasing prevalence of infectious and zoonotic diseases, increasing occurrence of skin allergies in dogs, rising healthcare expenditure for dogs, and the increasing penetration of pethealth insurance.

Home-care testing segment to witness the highest growth during the forecast period

Based on end-user, the companion animal diagnostics market is segmented into diagnostic laboratories, veterinary hospitals & clinics, home-care settings, and research institutes and universities. The home-care testing segment is estimated to grow at the highest CAGR during the forecast period owing to the advantages of POC/diagnostics in such settings, including ease of use and accurate, real-time results.

Asia Pacific market to witness the highest growth during the forecast period

The Asia Pacific market is estimated to grow at the highest CAGR during the forecast period majorly due to the growing adoption of companion animals, increasing awareness about pet healthcare and zoonotic diseases, and the increasing number of veterinary hospitals and clinics in several APAC countries.

Breakdown of primary participants from the supply side:

By Company Type – Tier 1–42%, Tier 2–13%, and Tier 3–45%
By Designation – C Level–17%, Director Level–25%, and Others–58%
By Region – North America–20%, Europe–28%, Asia Pacific–18%, Latin America- 25%, and the Middle East and Africa–9%
Research Coverage:

This report analyzes the companion animal diagnostics market and aims at estimating the size and future growth potential of this market based on various segments, namely, technology, application, animal type, end-user, and region. The report also includes a product portfolio matrix of the companion animal diagnostic products available in the market. The competitive leadership mapping provided in this report helps analyze the position of market players as visionary leaders, innovators, dynamic players, and emerging players. A comprehensive competitive analysis of key players in this market, along with their company profiles, product offerings, recent developments, and key growth strategies, has also been provided in this report.

Reasons to Buy the Report

This report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them garner a more significant market share. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their position in the market:

Market Penetration: Comprehensive information on the product portfolios offered by the top players in the global companion animal diagnostics market. The report analyzes this market by technology, application, animal type, end-user, and region.
Product Enhancement/Innovation: Detailed insights on upcoming trends and product launches in the global companion animal diagnostics market.
Market Development: Comprehensive information on the lucrative emerging markets by technology, application, animal type, end-user,and region.
Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global companion animal diagnostics market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of leading players in the global companion animal diagnostics market.
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Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Sources
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Sources
2.1.2.1 Primary Sources
2.1.2.2 Key Data From Primary Sources
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Market Share Estimation
2.5 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Companion Animal Diagnostics: Market Overview
4.2 Asia Pacific: Companion Animal Diagnostics Market, 2018
4.3 Market: Geographic Growth Opportunities
4.4 Market: Geographic Mix
4.5 Market: Developing Vs. Developed Countries/Regions

5 Market Overview
5.1 Introduction
5.2 Market Dynamics: Impact Analysis
5.3 Key Market Drivers
5.3.1 Growth in the Companion Animal Population
5.3.2 Rising Demand for Pet Insurance
5.3.3 Increasing Number of Veterinary Practitioners in Developed Economies
5.4 Key Market Restraints
5.4.1 Rising Pet Care Costs
5.5 Key Market Opportunities
5.5.1 Growing Demand for Rapid Tests & Portable Instruments for Point-Of-Care (PoC) Diagnostic Services
5.5.2 USE of Advanced Technologies to Improve Disease Diagnosis Accuracy in Companion Animals
5.6 Key Challenges
5.6.1 Lack of Animal Healthcare Awareness in Emerging Markets
5.6.2 Shortage of Veterinarians in Emerging Markets

6 Companion Animal Diagnostics Market, By Technology
6.1 Introduction
6.2 Immunodiagnostics
6.2.1 Lateral Flow Assays
6.2.1.1 Rapid Tests
6.2.1.1.1 Rising Prevalence of Infectious Diseases to Drive the Adoption of Lateral Flow Rapid Tests
6.2.1.2 Strip Readers
6.2.1.2.1 Lateral Flow Strip Readers are Not Frequently Used By Veterinary Practitioners
6.2.2 Elisa Tests
6.2.2.1 Elisa Tests Segment to Register the Highest Growth Rate During the Forecast Period
6.2.3 Allergen-Specific Immunodiagnostic Tests
6.2.3.1 Growing Number of Allergy Cases in Pets to Drive Market Growth
6.2.4 Immunoassay Analyzers
6.2.4.1 a Large Number of Samples Can be Loaded Into Immunoassay Analyzers to Determine the Results of Immunoassay Tests
6.2.5 Other Immunodiagnostic Products
6.3 Clinical Biochemistry
6.3.1 Clinical Chemistry Analysis
6.3.1.1 Reagents, Clips, and Cartridges
6.3.1.2 Analyzers
6.3.1.2.1 Clinical Chemistry Analyzers Have Wide Applications in Veterinary Clinics & Hospitals, Reference Laboratories, and Research Institutes
6.3.2 Glucose Monitoring
6.3.2.1 Blood Glucose Strips
6.3.2.1.1 Blood Glucose Strips Segment Accounted for the Largest Share of the Glucose Monitoring Market in 2019
6.3.2.2 Glucose Monitors
6.3.2.2.1 the USE of Glucose Monitors Helps in Making Diagnostic and Therapeutic Decisions in a Relatively Affordable Manner
6.3.2.3 Urine Glucose Strips
6.3.2.3.1 Urine Glucose Strips are Used to Measure Glucose and Ketone Concentration in Urine
6.3.3 Blood Gas Electrolyte Analysis
6.3.3.1 Reagents, Clips, and Cartridges
6.3.3.1.1 Leading Market Players are Providing Various Cartridges Specific for Cats, Dogs, and Equine to Measure Multiple Electrolytes
6.3.3.2 Analyzers
6.3.3.2.1 Blood Gas Electrolyte Analyzers are Used to Determine Blood Ph and the Amount of Oxygen and Carbon Dioxide in the Blood
6.4 Hematology
6.4.1 Cartridges
6.4.1.1 Hematology Cartridges are Used to Measure the Hematocrit and Hemoglobin Levels in Animal Blood Samples
6.4.2 Analyzers
6.4.2.1 Hematology Analyzers are Used to Measure Blood Cell Count and the Coagulation Time of Blood
6.5 Urinalysis
6.5.1 Clips & Cartridges/Panels
6.5.1.1 Clips and Cartridges/Panels are Used to Measure Multiple Electrolytes and Metabolites for the Detection of Kidney Diseases and Urinary Tract Infections
6.5.2 Urine Analyzers
6.5.2.1 Technological Advancements to Support the Growth of This Market Segment
6.5.3 Urine Test Strips
6.5.3.1 Urine Test Strips are Used for the Qualitative Evaluation of Urine Parameters
6.6 Molecular Diagnostics
6.6.1 Polymerase Chain Reaction Tests
6.6.1.1 PCR Testing is a Significant Tool for the Early Diagnosis of Diseases in Dogs, Cats, and Other Companion Animals
6.6.2 Microarrays
6.6.2.1 Increased Speed and Accuracy of Screening and Confirmation are Driving the use of Microarrays in the Diagnosis of Various Conditions in Companion Animals
6.6.3 Other Molecular Diagnostic Products
6.7 Other Companion Animal Diagnostic Technologies

7 Companion Animal Diagnostics Market, By Application
7.1 Introduction
7.2 Clinical Pathology
7.2.1 Clinical Pathology is the Largest Application Segment in the Market
7.3 Bacteriology
7.3.1 Rising Prevalence of Zoonotic Diseases to Drive the Growth of This Market Segment
7.4 Virology
7.4.1 Rising Number of Viral Outbreaks to Support the Growth of This Market Segment
7.5 Parasitology
7.5.1 Increasing Prevalence of Parasitic Diseases to Support the Growth of This Market Segment
7.6 Other Applications

8 Companion Animal Diagnostics Market, By Animal Type
8.1 Introduction
8.2 Dogs
8.2.1 Rising Pet Dog Population to Drive Market Growth
8.3 Cats
8.3.1 Growing Research Into Feline Healthcare and Wellbeing Supports Market Growth
8.4 Horses
8.4.1 Growing Awareness About Equine Health to Drive Market Growth
8.5 Other Companion Animals

9 Companion Animal Diagnostics Market, By End User
9.1 Introduction
9.2 Diagnostic Laboratories
9.2.1 Diagnostic Laboratories Receive a Large Volume of Samples From Veterinary Practices
9.3 Veterinary Hospitals & Clinics
9.3.1 Hospitals & Clinics are the First Points of Contact for Pet Owners
9.3.2 Home-Care Settings
9.3.3 Improved Care and Cost Control Drives the Adoption of PoC Diagnostics Within Home Care Settings
9.4 Research Institutes & Universities
9.4.1 The Number of Industry-Academia Collaborations Have Increased in Recent Years

10 Companion Animal Diagnostics Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 The US Dominates the Market in North America
10.2.2 Canada
10.2.2.1 Awareness of Pet Health has Risen in Canada
10.3 Europe
10.3.1 Germany
10.3.1.1 Germany is the Largest Market for Companion Animal Diagnostics in Europe
10.3.2 UK
10.3.2.1 Stable Increase in Pet Ownership and Preventive Measures Against Animal Diseases Promoted By Regulatory Authorities to Drive the UK Market
10.3.3 France
10.3.3.1 Technological Expertise and Innovations Attract Market Players to Compete in the Market in France
10.3.4 Italy
10.3.4.1 Increased Pet Adoption, Along With Better Availability of Pet Products Through Large-Scale Outlets, Supports Market Growth in Italy
10.3.5 Spain
10.3.5.1 Rising Animal Health Expenditure and the Growing Number of Veterinary Facilities to Drive the Growth of This Market
10.3.6 Benelux
10.3.7 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 China Dominates the Asia Pacific Companion Animal Diagnostics Market
10.4.2 Japan
10.4.2.1 Rising Demand for Imported Pet Breeds is Expected to Drive the Overall Growth of This Market
10.4.3 India
10.4.3.1 India is an Untapped Market With Large Growth Potential in Companion Animal Diagnostics
10.4.4 Australia
10.4.5 Rest of APAC
10.5 Latin America
10.5.1 Brazil
10.5.1.1 Brazil has the Third-Largest Pet Population in the World
10.5.2 Mexico
10.5.2.1 Mexico is the Second-Largest Pet Care Market in Latin America
10.5.3 Rest of Latin America
10.6 Middle East
10.6.1 Reluctance to Spend on Pet Health has Slowed the Pace of Market Growth
10.7 Africa
10.7.1 Diseases in Imported Breeds to Drive the Growth of the Market

11 Competitive Landscape
11.1 Introduction
11.2 Growth Strategy Matrix
11.3 Market Share Analysis
11.4 Competitive Situation and Trends
11.4.1 Product Launches
11.4.2 Acquisitions
11.4.3 Partnerships
11.4.4 Expansions
11.5 Competitive Leadership Mapping
11.5.1 Visionary Leaders
11.5.2 Innovators
11.5.3 Dynamic Differentiators
11.5.4 Emerging Companies

12 Company Profiles
12.1 IDEXX Laboratories, Inc.
12.2 Zoetis Inc.
12.3 Heska Corporation
12.4 Thermo Fisher Scientific Inc.
12.5 Virbac
12.6 Neogen Corporation
12.7 Biomérieux SA
12.8 INDICAL Bioscience GmbH (QIAGEN N.V.)
12.9 Fujifilm Holdings Corporation
12.10 IDvet
12.11 Randox Laboratories, Ltd.
12.12 Mindray Medical International Limited (A Part of Excelsior Union Limited)
12.13 Skyla
12.14 Bionote Inc.
12.15 Scil Animal Care Company GmbH
12.16 Other Emerging Players
12.16.1 Urit Medical Electronic Co., Ltd.
12.16.2 Eurolyser Diagnostica GmbH
12.16.3 Nova Biomedical
12.16.4 Fassisi GmbH
12.16.5 Swissavans AG

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

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