The Latin America, Middle East and Africa Veterinary Diagnostics Market would witness market growth of 15.6% CAGR during the forecast period (2023-2030).
Rising pet ownership and disposable income, extensively invested in pet healthcare, will drive market expansion. The adoption of pets has consistently increased over the past few years. Additionally, pet adoption is gaining popularity among the general public due to the increasing prevalence of animals in advertisements and films. There has been a transition from pet owners to pet parents, indicating that pets are considered family members in modern society. In addition, because adult pets do not require special nourishment or care, they are the ideal companion for older people. It is believed that adopting a pet reduces blood pressure, loneliness, and sadness.
Recently, the incidence of zoonotic diseases in animals has increased significantly. With the increase in cases, the need to treat the disorders has increased substantially, contributing to the expansion of the market. For instance, a WHO article published in July 2022 reported that Africa faces an increasing danger of outbreaks caused by zoonotic pathogens, such as the monkeypox virus, which originated in animals and then shifted species and infected humans. In the past decade, the number of zoonotic epidemics in the region has increased by 63%.
From 1 January 2022 to 8 July 2022, the same source reported a total of 2,087 cases of monkeypox, of which only 203 were confirmed. Consequently, the rise in zoonotic diseases in animals is increasing the demand and propelling the expansion of the market in research. The rising incidence of zoonotic diseases is fueling the expansion of the market due to the increased adoption of pets and expenditures on animal healthcare. However, the high cost of pet care and imaging devices and the shortage of veterinarians are impeding the market growth.
LAMEA encompasses countries with a wide range of climates and agricultural practices. Livestock farming, including cattle, sheep, goats, and poultry, is a significant economic activity in many countries. Veterinary diagnostics are essential for monitoring and managing the health of these animals to ensure food safety and financial stability. Some areas in LAMEA, particularly rural regions, have limited access to veterinary care and diagnostics. Point-of-care testing and telemedicine solutions can help bridge this gap. Overall, the market in LAMEA plays a vital role in addressing various health, economic, and environmental challenges, making it a crucial component of the region's healthcare infrastructure and agricultural sector.
The Brazil market dominated the LAMEA Veterinary Diagnostics Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $330.2 million by 2030. The Argentina market is poised to grow at a CAGR of 16.2% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 15.3% during (2023 - 2030).
Based on Product, the market is segmented into Consumables, Reagents & Kits, Instruments & Devices. Based on End Use, the market is segmented into Laboratories, Veterinary Hospitals & Clinics, Point-Of-Care/In-House Testing, Research Institutes & Universities. Based on Disease Type, the market is segmented into Non-Infectious Diseases, General Ailments, Infectious Diseases, Hereditary, Congenital & Acquired Diseases, and Others. Based on Testing Type, the market is segmented into Pathology, Bacteriology & Molecular Diagnostics, Diagnostic Imaging, Immunoassays, Parasitology, Serology & Virology and Analytical Services. Based on Species, the market is segmented into Canine, Avian, Ovine, Equine, Cattle, Caprine, Feline, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Veterinary Diagnostics Market is Projected to reach USD 15.6 Billion by 2030, at a CAGR of 10.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Heska Corporation (Antech Diagnostics, Inc), IDEXX Laboratories Inc., Agrolabo S.p.A., Innovative Diagnostics SAS (Idvet), Virbac, Thermo Fisher Scientific, Inc., Neogen Corporation, Covetrus, Inc. (Clayton, Dubilier & Rice, LLC), and iM3 Pty Ltd
Scope of the Study
Market Segments Covered in the Report:
By Product
- Consumables, Reagents & Kits
- Instruments & Devices
By End Use
- Laboratories
- Veterinary Hospitals & Clinics
- Point-Of-Care/In-House Testing
- Research Institutes & Universities
By Disease Type
- Non-Infectious Diseases
- General Ailments
- Infectious Diseases
- Hereditary, Congenital & Acquired Diseases
- Others
By Testing Type
- Pathology
- Bacteriology & Molecular Diagnostics
- Diagnostic Imaging
- Immunoassays
- Parasitology
- Serology & Virology
- Analytical Services
By Species
- Canine
- Avian
- Ovine
- Equine
- Cattle
- Caprine
- Feline
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Heska Corporation (Antech Diagnostics, Inc)
- IDEXX Laboratories Inc.
- Agrolabo S.p.A.
- Innovative Diagnostics SAS (Idvet)
- Virbac
- Thermo Fisher Scientific, Inc.
- Neogen Corporation
- Covetrus, Inc. (Clayton, Dubilier & Rice, LLC)
- iM3 Pty Ltd
TABLE 1 LAMEA Veterinary Diagnostics Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Veterinary Diagnostics Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Veterinary Diagnostics Market
TABLE 4 Product Launches And Product Expansions– Veterinary Diagnostics Market
TABLE 5 Acquisition and Mergers– Veterinary Diagnostics Market
TABLE 6 LAMEA Veterinary Diagnostics Market by Product, 2019 - 2022, USD Million
TABLE 7 LAMEA Veterinary Diagnostics Market by Product, 2023 - 2030, USD Million
TABLE 8 LAMEA Consumables, Reagents & Kits Market by Country, 2019 - 2022, USD Million
TABLE 9 LAMEA Consumables, Reagents & Kits Market by Country, 2023 - 2030, USD Million
TABLE 10 LAMEA Instruments & Devices Market by Country, 2019 - 2022, USD Million
TABLE 11 LAMEA Instruments & Devices Market by Country, 2023 - 2030, USD Million
TABLE 12 LAMEA Veterinary Diagnostics Market by End-use, 2019 - 2022, USD Million
TABLE 13 LAMEA Veterinary Diagnostics Market by End-use, 2023 - 2030, USD Million
TABLE 14 LAMEA Laboratories Market by Country, 2019 - 2022, USD Million
TABLE 15 LAMEA Laboratories Market by Country, 2023 - 2030, USD Million
TABLE 16 LAMEA Veterinary Hospitals & Clinics Market by Country, 2019 - 2022, USD Million
TABLE 17 LAMEA Veterinary Hospitals & Clinics Market by Country, 2023 - 2030, USD Million
TABLE 18 LAMEA Point-Of-Care/In-House Testing Market by Country, 2019 - 2022, USD Million
TABLE 19 LAMEA Point-Of-Care/In-House Testing Market by Country, 2023 - 2030, USD Million
TABLE 20 LAMEA Research Institutes & Universities Market by Country, 2019 - 2022, USD Million
TABLE 21 LAMEA Research Institutes & Universities Market by Country, 2023 - 2030, USD Million
TABLE 22 LAMEA Veterinary Diagnostics Market by Disease Type, 2019 - 2022, USD Million
TABLE 23 LAMEA Veterinary Diagnostics Market by Disease Type, 2023 - 2030, USD Million
TABLE 24 LAMEA Non-Infectious Diseases Market by Country, 2019 - 2022, USD Million
TABLE 25 LAMEA Non-Infectious Diseases Market by Country, 2023 - 2030, USD Million
TABLE 26 LAMEA General Ailments Market by Country, 2019 - 2022, USD Million
TABLE 27 LAMEA General Ailments Market by Country, 2023 - 2030, USD Million
TABLE 28 LAMEA Infectious Diseases Market by Country, 2019 - 2022, USD Million
TABLE 29 LAMEA Infectious Diseases Market by Country, 2023 - 2030, USD Million
TABLE 30 LAMEA Hereditary, Congenital & Acquired Diseases Market by Country, 2019 - 2022, USD Million
TABLE 31 LAMEA Hereditary, Congenital & Acquired Diseases Market by Country, 2023 - 2030, USD Million
TABLE 32 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 33 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 34 LAMEA Veterinary Diagnostics Market by Testing Type, 2019 - 2022, USD Million
TABLE 35 LAMEA Veterinary Diagnostics Market by Testing Type, 2023 - 2030, USD Million
TABLE 36 LAMEA Pathology Market by Country, 2019 - 2022, USD Million
TABLE 37 LAMEA Pathology Market by Country, 2023 - 2030, USD Million
TABLE 38 LAMEA Bacteriology & Molecular Diagnostics Market by Country, 2019 - 2022, USD Million
TABLE 39 LAMEA Bacteriology & Molecular Diagnostics Market by Country, 2023 - 2030, USD Million
TABLE 40 LAMEA Diagnostic Imaging Market by Country, 2019 - 2022, USD Million
TABLE 41 LAMEA Diagnostic Imaging Market by Country, 2023 - 2030, USD Million
TABLE 42 LAMEA Immunoassays Market by Country, 2019 - 2022, USD Million
TABLE 43 LAMEA Immunoassays Market by Country, 2023 - 2030, USD Million
TABLE 44 LAMEA Parasitology Market by Country, 2019 - 2022, USD Million
TABLE 45 LAMEA Parasitology Market by Country, 2023 - 2030, USD Million
TABLE 46 LAMEA Serology & Virology Market by Country, 2019 - 2022, USD Million
TABLE 47 LAMEA Serology & Virology Market by Country, 2023 - 2030, USD Million
TABLE 48 LAMEA Analytical Services Market by Country, 2019 - 2022, USD Million
TABLE 49 LAMEA Analytical Services Market by Country, 2023 - 2030, USD Million
TABLE 50 LAMEA Veterinary Diagnostics Market by Species, 2019 - 2022, USD Million
TABLE 51 LAMEA Veterinary Diagnostics Market by Species, 2023 - 2030, USD Million
TABLE 52 LAMEA Canine Market by Country, 2019 - 2022, USD Million
TABLE 53 LAMEA Canine Market by Country, 2023 - 2030, USD Million
TABLE 54 LAMEA Avian Market by Country, 2019 - 2022, USD Million
TABLE 55 LAMEA Avian Market by Country, 2023 - 2030, USD Million
TABLE 56 LAMEA Ovine Market by Country, 2019 - 2022, USD Million
TABLE 57 LAMEA Ovine Market by Country, 2023 - 2030, USD Million
TABLE 58 LAMEA Equine Market by Country, 2019 - 2022, USD Million
TABLE 59 LAMEA Equine Market by Country, 2023 - 2030, USD Million
TABLE 60 LAMEA Cattle Market by Country, 2019 - 2022, USD Million
TABLE 61 LAMEA Cattle Market by Country, 2023 - 2030, USD Million
TABLE 62 LAMEA Caprine Market by Country, 2019 - 2022, USD Million
TABLE 63 LAMEA Caprine Market by Country, 2023 - 2030, USD Million
TABLE 64 LAMEA Feline Market by Country, 2019 - 2022, USD Million
TABLE 65 LAMEA Feline Market by Country, 2023 - 2030, USD Million
TABLE 66 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 67 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 68 LAMEA Veterinary Diagnostics Market by Country, 2019 - 2022, USD Million
TABLE 69 LAMEA Veterinary Diagnostics Market by Country, 2023 - 2030, USD Million
TABLE 70 Brazil Veterinary Diagnostics Market, 2019 - 2022, USD Million
TABLE 71 Brazil Veterinary Diagnostics Market, 2023 - 2030, USD Million
TABLE 72 Brazil Veterinary Diagnostics Market by Product, 2019 - 2022, USD Million
TABLE 73 Brazil Veterinary Diagnostics Market by Product, 2023 - 2030, USD Million
TABLE 74 Brazil Veterinary Diagnostics Market by End-use, 2019 - 2022, USD Million
TABLE 75 Brazil Veterinary Diagnostics Market by End-use, 2023 - 2030, USD Million
TABLE 76 Brazil Veterinary Diagnostics Market by Disease Type, 2019 - 2022, USD Million
TABLE 77 Brazil Veterinary Diagnostics Market by Disease Type, 2023 - 2030, USD Million
TABLE 78 Brazil Veterinary Diagnostics Market by Testing Type, 2019 - 2022, USD Million
TABLE 79 Brazil Veterinary Diagnostics Market by Testing Type, 2023 - 2030, USD Million
TABLE 80 Brazil Veterinary Diagnostics Market by Species, 2019 - 2022, USD Million
TABLE 81 Brazil Veterinary Diagnostics Market by Species, 2023 - 2030, USD Million
TABLE 82 Argentina Veterinary Diagnostics Market, 2019 - 2022, USD Million
TABLE 83 Argentina Veterinary Diagnostics Market, 2023 - 2030, USD Million
TABLE 84 Argentina Veterinary Diagnostics Market by Product, 2019 - 2022, USD Million
TABLE 85 Argentina Veterinary Diagnostics Market by Product, 2023 - 2030, USD Million
TABLE 86 Argentina Veterinary Diagnostics Market by End-use, 2019 - 2022, USD Million
TABLE 87 Argentina Veterinary Diagnostics Market by End-use, 2023 - 2030, USD Million
TABLE 88 Argentina Veterinary Diagnostics Market by Disease Type, 2019 - 2022, USD Million
TABLE 89 Argentina Veterinary Diagnostics Market by Disease Type, 2023 - 2030, USD Million
TABLE 90 Argentina Veterinary Diagnostics Market by Testing Type, 2019 - 2022, USD Million
TABLE 91 Argentina Veterinary Diagnostics Market by Testing Type, 2023 - 2030, USD Million
TABLE 92 Argentina Veterinary Diagnostics Market by Species, 2019 - 2022, USD Million
TABLE 93 Argentina Veterinary Diagnostics Market by Species, 2023 - 2030, USD Million
TABLE 94 UAE Veterinary Diagnostics Market, 2019 - 2022, USD Million
TABLE 95 UAE Veterinary Diagnostics Market, 2023 - 2030, USD Million
TABLE 96 UAE Veterinary Diagnostics Market by Product, 2019 - 2022, USD Million
TABLE 97 UAE Veterinary Diagnostics Market by Product, 2023 - 2030, USD Million
TABLE 98 UAE Veterinary Diagnostics Market by End-use, 2019 - 2022, USD Million
TABLE 99 UAE Veterinary Diagnostics Market by End-use, 2023 - 2030, USD Million
TABLE 100 UAE Veterinary Diagnostics Market by Disease Type, 2019 - 2022, USD Million
TABLE 101 UAE Veterinary Diagnostics Market by Disease Type, 2023 - 2030, USD Million
TABLE 102 UAE Veterinary Diagnostics Market by Testing Type, 2019 - 2022, USD Million
TABLE 103 UAE Veterinary Diagnostics Market by Testing Type, 2023 - 2030, USD Million
TABLE 104 UAE Veterinary Diagnostics Market by Species, 2019 - 2022, USD Million
TABLE 105 UAE Veterinary Diagnostics Market by Species, 2023 - 2030, USD Million
TABLE 106 Saudi Arabia Veterinary Diagnostics Market, 2019 - 2022, USD Million
TABLE 107 Saudi Arabia Veterinary Diagnostics Market, 2023 - 2030, USD Million
TABLE 108 Saudi Arabia Veterinary Diagnostics Market by Product, 2019 - 2022, USD Million
TABLE 109 Saudi Arabia Veterinary Diagnostics Market by Product, 2023 - 2030, USD Million
TABLE 110 Saudi Arabia Veterinary Diagnostics Market by End-use, 2019 - 2022, USD Million
TABLE 111 Saudi Arabia Veterinary Diagnostics Market by End-use, 2023 - 2030, USD Million
TABLE 112 Saudi Arabia Veterinary Diagnostics Market by Disease Type, 2019 - 2022, USD Million
TABLE 113 Saudi Arabia Veterinary Diagnostics Market by Disease Type, 2023 - 2030, USD Million
TABLE 114 Saudi Arabia Veterinary Diagnostics Market by Testing Type, 2019 - 2022, USD Million
TABLE 115 Saudi Arabia Veterinary Diagnostics Market by Testing Type, 2023 - 2030, USD Million
TABLE 116 Saudi Arabia Veterinary Diagnostics Market by Species, 2019 - 2022, USD Million
TABLE 117 Saudi Arabia Veterinary Diagnostics Market by Species, 2023 - 2030, USD Million
TABLE 118 South Africa Veterinary Diagnostics Market, 2019 - 2022, USD Million
TABLE 119 South Africa Veterinary Diagnostics Market, 2023 - 2030, USD Million
TABLE 120 South Africa Veterinary Diagnostics Market by Product, 2019 - 2022, USD Million
TABLE 121 South Africa Veterinary Diagnostics Market by Product, 2023 - 2030, USD Million
TABLE 122 South Africa Veterinary Diagnostics Market by End-use, 2019 - 2022, USD Million
TABLE 123 South Africa Veterinary Diagnostics Market by End-use, 2023 - 2030, USD Million
TABLE 124 South Africa Veterinary Diagnostics Market by Disease Type, 2019 - 2022, USD Million
TABLE 125 South Africa Veterinary Diagnostics Market by Disease Type, 2023 - 2030, USD Million
TABLE 126 South Africa Veterinary Diagnostics Market by Testing Type, 2019 - 2022, USD Million
TABLE 127 South Africa Veterinary Diagnostics Market by Testing Type, 2023 - 2030, USD Million
TABLE 128 South Africa Veterinary Diagnostics Market by Species, 2019 - 2022, USD Million
TABLE 129 South Africa Veterinary Diagnostics Market by Species, 2023 - 2030, USD Million
TABLE 130 Nigeria Veterinary Diagnostics Market, 2019 - 2022, USD Million
TABLE 131 Nigeria Veterinary Diagnostics Market, 2023 - 2030, USD Million
TABLE 132 Nigeria Veterinary Diagnostics Market by Product, 2019 - 2022, USD Million
TABLE 133 Nigeria Veterinary Diagnostics Market by Product, 2023 - 2030, USD Million
TABLE 134 Nigeria Veterinary Diagnostics Market by End-use, 2019 - 2022, USD Million
TABLE 135 Nigeria Veterinary Diagnostics Market by End-use, 2023 - 2030, USD Million
TABLE 136 Nigeria Veterinary Diagnostics Market by Disease Type, 2019 - 2022, USD Million
TABLE 137 Nigeria Veterinary Diagnostics Market by Disease Type, 2023 - 2030, USD Million
TABLE 138 Nigeria Veterinary Diagnostics Market by Testing Type, 2019 - 2022, USD Million
TABLE 139 Nigeria Veterinary Diagnostics Market by Testing Type, 2023 - 2030, USD Million
TABLE 140 Nigeria Veterinary Diagnostics Market by Species, 2019 - 2022, USD Million
TABLE 141 Nigeria Veterinary Diagnostics Market by Species, 2023 - 2030, USD Million
TABLE 142 Rest of LAMEA Veterinary Diagnostics Market, 2019 - 2022, USD Million
TABLE 143 Rest of LAMEA Veterinary Diagnostics Market, 2023 - 2030, USD Million
TABLE 144 Rest of LAMEA Veterinary Diagnostics Market by Product, 2019 - 2022, USD Million
TABLE 145 Rest of LAMEA Veterinary Diagnostics Market by Product, 2023 - 2030, USD Million
TABLE 146 Rest of LAMEA Veterinary Diagnostics Market by End-use, 2019 - 2022, USD Million
TABLE 147 Rest of LAMEA Veterinary Diagnostics Market by End-use, 2023 - 2030, USD Million
TABLE 148 Rest of LAMEA Veterinary Diagnostics Market by Disease Type, 2019 - 2022, USD Million
TABLE 149 Rest of LAMEA Veterinary Diagnostics Market by Disease Type, 2023 - 2030, USD Million
TABLE 150 Rest of LAMEA Veterinary Diagnostics Market by Testing Type, 2019 - 2022, USD Million
TABLE 151 Rest of LAMEA Veterinary Diagnostics Market by Testing Type, 2023 - 2030, USD Million
TABLE 152 Rest of LAMEA Veterinary Diagnostics Market by Species, 2019 - 2022, USD Million
TABLE 153 Rest of LAMEA Veterinary Diagnostics Market by Species, 2023 - 2030, USD Million
TABLE 154 Key Information – Agrolabo S.p.A.
TABLE 155 Key Information – Innovative Diagnostics SAS
TABLE 156 Key Information – Covetrus, Inc.
TABLE 157 Key Information – iM3 Pty Ltd
TABLE 158 Key Information – Zoetis, Inc.
TABLE 159 Key Information – Heska Corporation
TABLE 160 Key Information – IDEXX Laboratories, Inc.
TABLE 161 Key Information – Virbac
TABLE 162 Key Information – Thermo Fisher Scientific, Inc.
TABLE 163 Key Information – Neogen Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Veterinary Diagnostics Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Veterinary Diagnostics Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
FIG 7 Porter’s Five Forces Analysis – Veterinary Diagnostics Market
FIG 8 LAMEA Veterinary Diagnostics Market share by Product, 2022
FIG 9 LAMEA Veterinary Diagnostics Market share by Product, 2030
FIG 10 LAMEA Veterinary Diagnostics Market by Product, 2019 - 2030, USD Million
FIG 11 LAMEA Veterinary Diagnostics Market share by End-use, 2022
FIG 12 LAMEA Veterinary Diagnostics Market share by End-use, 2030
FIG 13 LAMEA Veterinary Diagnostics Market by End-use, 2019 - 2030, USD Million
FIG 14 LAMEA Veterinary Diagnostics Market share by Disease Type, 2022
FIG 15 LAMEA Veterinary Diagnostics Market share by Disease Type, 2030
FIG 16 LAMEA Veterinary Diagnostics Market by Disease Type, 2019 - 2030, USD Million
FIG 17 LAMEA Veterinary Diagnostics Market share by Testing Type, 2022
FIG 18 LAMEA Veterinary Diagnostics Market share by Testing Type, 2030
FIG 19 LAMEA Veterinary Diagnostics Market by Testing Type, 2019 - 2030, USD Million
FIG 20 LAMEA Veterinary Diagnostics Market share by Species, 2022
FIG 21 LAMEA Veterinary Diagnostics Market share by Species, 2030
FIG 22 LAMEA Veterinary Diagnostics Market by Species, 2019 - 2030, USD Million
FIG 23 LAMEA Veterinary Diagnostics Market share by Country, 2022
FIG 24 LAMEA Veterinary Diagnostics Market share by Country, 2030
FIG 25 LAMEA Veterinary Diagnostics Market by Country, 2019 - 2030, USD Million
FIG 26 Swot Analysis: Agrolabo S.p.A.
FIG 27 Swot Analysis: Innovative Diagnostics SAS
FIG 28 Swot Analysis: Covetrus, Inc.
FIG 29 Swot Analysis: iM3 Pty Ltd
FIG 30 Recent strategies and developments: Zoetis, Inc.
FIG 31 SWOT Analysis: Zoetis, Inc.
FIG 32 Swot Analysis: Heska Corporation
FIG 33 Recent strategies and developments: IDEXX Laboratories, Inc.
FIG 34 Swot Analysis: IDEXX Laboratories, Inc.
FIG 35 SWOT Analysis: Virbac
FIG 36 Swot Analysis: Thermo Fisher Scientific, Inc.
FIG 37 Recent strategies and developments: Neogen Corporation
FIG 38 Swot Analysis: Neogen Corporation