According to a new report, published by KBV research, The Global Companion Animal Diagnostic Services Market size is expected to reach $10.4 billion by 2030, rising at a market growth of 7.4% CAGR during the forecast period.
The Laboratory-based segment is exhibiting a CAGR of 8.1% during (2023 - 2030). Laboratory-based diagnostics are known for their accuracy and precision. Highly trained laboratory professionals use advanced equipment and standardized protocols to ensure reliable and consistent results. Diagnostic laboratories often have access to advanced imaging technologies, including ultrasound, endoscopy, and radiology, which can provide detailed information about internal structures and organs. The availability of comprehensive laboratory-based diagnostic services ensures that companion animals receive the highest standard of care.
The Dogs segment is leading the Global Companion Animal Diagnostic Services Market by Animal Type in 2022; thereby, achieving a market value of $5.4 billion by 2030. As the dog population grows, there is an increased need for routine healthcare services, including wellness checkups and diagnostic screenings. Pet owners seek to ensure the well-being of their dogs through regular veterinary visits, leading to greater utilization of diagnostic services. Preventive care for dogs is becoming steadily more important to pet owners. This includes vaccinations, parasite control, and diagnostic testing.
The Microbiology segment is capturing a CAGR of 8.1% during (2023 - 2030). Microbiology diagnostics are essential for identifying infectious agents causing diseases in companion animals. These tests help veterinarians pinpoint the pathogens responsible for illnesses, facilitating targeted treatments. Advancements in microbiology techniques, including polymerase chain reaction (PCR) and nucleic acid sequencing, enable rapid and accurate identification of microorganisms. This accelerates the diagnostic process and enables prompt treatment.
The North America region dominated the Global Companion Animal Diagnostic Services Market by Region in 2022; thereby, achieving a market value of $3.7 billion by 2030. The Europe region is poised to grow at a CAGR of 7% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 8.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/companion-animal-diagnostic-services-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Zoetis, Inc., IDEXX Laboratories, Inc., Mars Inc., Fujifilm Holdings Corporation, Embark Veterinary, Inc., Thermo Fisher Scientific Inc., Patterson Companies, Inc., Randox Laboratories Limited, CVS Group Plc, and Neogen Corporation
By Type
By Animal Type
By Testing Category
By Geography
Companies Profiled
Unique Offerings 
