Market Overview

The Global Companion Animal Diagnostic Market was valued at USD 2,884.0 million in 2023 and is expected to reach USD 6,227.1 million by 2031 while growing at a CAGR of 10.1% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global companion animal diagnostic market growth. Companion animal diagnostics encompass tests, tools, and procedures for diagnosing and monitoring the health of pets like dogs and cats. These diagnostics are vital in veterinary medicine, offering insights into physiological and pathological conditions to help veterinarians make informed decisions about treatment and care.

Increasing incidence of zoonotic diseases and advancements in diagnostic technologies are expected to drive substantial growth in the Companion Animal Diagnostic market. However, obstacles such as the high cost of diagnostic tests and stringent regulatory requirements may hinder market expansion.

Furthermore, the global companion animal diagnostic industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Animals Analysis

The Global Companion Animal Diagnostic Market is segmented among Cats, Dogs, and Other Animals, based on Animals. In 2023, Dogs accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Companion Animal Diagnostic Market is segmented among Bacteriology, Parasitology, Clinical Pathology, and Other Applications, based on Application. In 2023, Clinical Pathology accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Companion Animal Diagnostic Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Agrolabo SpA, BioMerieux SA, Chembio Diagnostic Systems Inc., Creative Diagnostics, Heska Corporation, IDEXX Laboratories Inc., Innovative Diagnostics (IDvet), Indical Bioscience GmbH, Randox Laboratories Ltd, and Neogen Corporation.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Companion Animal Diagnostic Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Companion Animal Diagnostic Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Companion Animal Diagnostic Market Segmentation, By Animals

• Global Companion Animal Diagnostic Market Share Analysis, By Animals

• Global Companion Animal Diagnostic Market Growth Analysis, By Animals

• Global Companion Animal Diagnostic Market Trends, By Animals

o Cats

o Dogs

o Other Animals

6. Global Companion Animal Diagnostic Market Segmentation, By Application

• Global Companion Animal Diagnostic Market Share Analysis, By Application

• Global Companion Animal Diagnostic Market Growth Analysis, By Application

• Global Companion Animal Diagnostic Market Trends, By Application

o Bacteriology

o Parasitology

o Clinical Pathology

o Other Applications

7. Global Companion Animal Diagnostic Market Segmentation, By Technology

• Global Companion Animal Diagnostic Market Share Analysis, By Technology

• Global Companion Animal Diagnostic Market Growth Analysis, By Technology

• Global Companion Animal Diagnostic Market Trends, By Technology

o Immunodiagnostic Tests

o Molecular Diagnostics

o Diagnostic Imaging

o Other Diagnostics

8. Global Companion Animal Diagnostic Market Segmentation, By Region

• Global Companion Animal Diagnostic Market Share Analysis, By Region

• Global Companion Animal Diagnostic Market Growth Analysis, By Region

• Global Companion Animal Diagnostic Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

9. Competitive Landscape

• Agrolabo SpA*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• BioMerieux SA

• Chembio Diagnostic Systems Inc.

• Creative Diagnostics

• Heska Corporation

• IDEXX Laboratories Inc.

• Innovative Diagnostics (IDvet)

• Indical Bioscience GmbH

• Randox Laboratories Ltd

• Neogen Corporation

*Similar analysis will be provided for each company listed above.