Product ID: SQMIG35D2175
Report ID:
SQMIG35D2175 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
96 |
Figures:
76
Global Veterinary Diagnostics Market size was valued at USD 7.3 billion in 2022 and is poised to grow from USD 8.1 billion in 2023 to USD 19.0 billion by 2030, growing at a CAGR of 11.2% in the forecast period (2024-2031).
Due to the increasing prevalence of animal diseases, which has led to a growing need for accurate and timely diagnostic tools, the global Veterinary Diagnostics market has been experiencing significant growth in recent years.
In developed countries particularly, the rise in pet ownership has also contributed to expanding the veterinary diagnostics market. Additionally, in the veterinary field, there is a growing emphasis on preventive healthcare, leading to an increased demand for diagnostic tests for early detection of diseases.
In companion animal healthcare, where pet owners are increasingly willing to invest in diagnostic services to ensure the well-being of their animals this trend is particularly noticeable.
Geographically, North America and Europe have traditionally been key markets for veterinary diagnostics, driven by a high level of awareness about pet healthcare and well-established veterinary infrastructure. However, emerging economies in Asia-Pacific and Latin America are showing promising growth opportunities as disposable incomes rise and awareness of animal health increases.
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Product ID: SQMIG35D2175