Veterinary Infectious Disease Diagnostics Market Size, Share, Industry Trends and Forecast to 2030

Veterinary Infectious Disease Diagnostics Market Size & CAGR in 2021

The global veterinary infectious disease diagnostics market had a market size of USD 2.5 billion in 2021. The market is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.2% from 2021 to 2028, reaching a market size of USD 3.8 billion by the end of the forecast period.

COVID-19 Impact on the Veterinary Infectious Disease Diagnostics Market

The COVID-19 pandemic has significantly impacted the veterinary infectious disease diagnostics market. With lockdowns and restrictions in place, there has been a disruption in the supply chain of veterinary diagnostic products. Vets have also faced challenges in providing proper diagnostic services to animals due to the restrictions on movement and veterinary clinic closures.

On the positive side, the pandemic has highlighted the importance of early disease detection in animals to prevent zoonotic diseases. This has led to increased awareness and investments in veterinary infectious disease diagnostics.

Overall, the market has faced challenges but has also seen opportunities for growth and innovation in the wake of the pandemic.

Veterinary Infectious Disease Diagnostics Dynamics

The veterinary infectious disease diagnostics market is driven by several factors, including the increasing prevalence of infectious diseases in animals, the rising demand for early and accurate diagnostic tools, and the growing focus on animal health and well-being.

Technological advancements in diagnostic tools, such as PCR tests, ELISA kits, and rapid diagnostic tests, have also contributed to the growth of the market. These tools allow for quick and accurate detection of infectious diseases in animals, enabling timely treatment and prevention measures.

On the other hand, factors such as high costs associated with diagnostic tests, lack of awareness among pet owners about the importance of diagnostic testing, and limited access to veterinary clinics in rural areas are some of the challenges faced by the market.

Segments and Related Analysis

The veterinary infectious disease diagnostics market can be segmented based on the type of diagnostic tests, including PCR tests, ELISA kits, immunofluorescence assays, and others. PCR tests are expected to dominate the market due to their high sensitivity and specificity in detecting infectious diseases.

Furthermore, the market can be segmented based on the type of animals, including companion animals (dogs, cats), livestock (cattle, poultry), and others. The companion animals segment is expected to hold the largest market share, driven by the increasing pet ownership and the growing demand for pet healthcare services.

By Region Analysis

The veterinary infectious disease diagnostics market is segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is expected to dominate the market due to the high prevalence of infectious diseases in animals, the presence of advanced veterinary diagnostic facilities, and the increasing focus on pet health and wellness.

On the other hand, the Asia Pacific region is anticipated to witness significant growth in the market, driven by the increasing pet population, rising disposable incomes, and the growing awareness about animal health in countries like China and India.

Key Market Players and Competitive Landscape

Some of the key players in the veterinary infectious disease diagnostics market include IDEXX Laboratories, Inc., Zoetis Inc., Thermo Fisher Scientific, Inc., Virbac, and IDvet. These companies are constantly innovating and launching new diagnostic tools to stay competitive in the market.

The market is highly competitive, with players focusing on strategic partnerships, acquisitions, and product development to gain a competitive edge. Collaboration with research institutions and veterinary clinics is also common among key market players to enhance their product offerings.

Recent Happenings in the Veterinary Infectious Disease Diagnostics Market

In recent years, there have been several developments in the veterinary infectious disease diagnostics market. For example, IDEXX Laboratories launched a new PCR test for the detection of canine parvovirus, a highly contagious virus that affects dogs.

Additionally, Thermo Fisher Scientific introduced a new ELISA kit for the detection of bovine viral diarrhea virus in cattle, providing rapid and accurate results for veterinarians.

These advancements highlight the continuous innovation and research efforts in the field of veterinary infectious disease diagnostics to improve animal health and well-being.