Veterinary Molecular Diagnostics Market Size - By Product (Instrument, Kit), Technology (PCR, DNA Sequencing, Microarray, INAAT), Animal (Companion, Livestock), Application (Infectious, Genetic), End-user, Global Forecast (2023 – 2032)

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Animal Health and Nutrition | Format: Report available in PDF / Excel Format

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Veterinary Molecular Diagnostics Market Size - By Product (Instrument, Kit), Technology (PCR, DNA Sequencing, Microarray, INAAT), Animal (Companion, Livestock), Application (Infectious, Genetic), End-user, Global Forecast (2023 – 2032)

Veterinary Molecular Diagnostics Market Size

Veterinary Molecular Diagnostics Market size was valued at USD 298 million in 2022 and is anticipated to reach USD 678.8 million by 2032 at CAGR of 8.6%. Some of the major factors including rising adoption of companion animals, high prevalence of zoonotic and foodborne diseases, technological advancements in veterinary molecular diagnostic technologies, and increasing adoption of pet insurance.

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The veterinary molecular diagnostics refers to the use of molecular techniques such as polymerase chain reaction (PCR), next-generation sequencing (NGS), and microarray, to diagnose infectious diseases, genetic disorders, and other conditions in animals. The industry includes the products used for the analysis of animal DNA, RNA, and proteins to identify specific nucleic acid sequences or mutations associated with disease or predisposition to disease. These diagnostic tests are performed in diagnostic laboratories, veterinary hospitals & clinics, research institutions, and other animal care facilities to aid in the accurate diagnosis, treatment, and prevention of diseases in animals.

Veterinary Molecular Diagnostics Market Report Attributes
Report Attribute Details
Base Year 2022
Veterinary Molecular Diagnostics Market Size in 2022 USD 298 Million
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 8.6%
2032 Value Projection USD 678.8 Million
Historical Data for 2018 to 2022
No. of Pages 313
Tables, Charts & Figures 539
Segments covered Product, Technology, Application, Animal Type, End-user, and Region
Growth Drivers
  • Rising adoption of companion animals
  • High prevalence of zoonotic diseases
  • Advancements in veterinary molecular diagnostic technologies
  • Increasing adoption of pet insurance
Pitfalls & Challenges
  • High cost associated with animal tests
  • Lack of skilled personnel

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COVID-19 Impact

The COVID-19 pandemic has had a rollercoaster effect on the veterinary testing industry worldwide. During the worst of it, like most things, veterinary clinics and hospitals had to deal with closed doors and limited services due to lockdowns, social distancing, and focusing on what patients were most in need of help. Only serious cases could get a paws-up. The pandemic also threw the supply chain into chaos, making it harder to get the supplies vets needed to run tests, like reagents, test kits, and machines. Countries closing their borders, transportation problems, and a sudden surge in demand for some products meant that deliveries got delayed. But as COVID cases started to slow down, the restrictions eased up, and more pets were able to get the care they needed at veterinary clinics and hospitals.

Veterinary Molecular Diagnostics Market Driving Factors

Okay, here is the text you provided rewritten in a human-like wayDemand for animal diagnostic Tests Skyrockets as Pet Popularity Soars More and more people are keeping pets, and this has led to a spike in demand for animal diagnostic tests. There are a few reasons for this surge in demand1. More Pets, More ProblemsWe're seeing more pets in our homes than ever before. In the US, for example, 70% of households have at least one pet. That's a lot of furry friends! And with more pets, there are more opportunities for them to get sick or injured. 2. Insurance CoveragePet insurance is becoming more common, which means that people are more likely to be able to afford diagnostic tests for their animals. This has helped to increase the demand for these tests. 3. Healthcare SpendingWe're spending more money on our pets' healthcare. This is partly due to the fact that we're treating our pets like family members, and we want them to have the best possible care. As a result, we're willing to pay for diagnostic tests that can help to diagnose and treat their illnesses. 4. Zoonotic DiseasesZoonotic diseases are diseases that can be passed from animals to humans. These diseases are a growing concern, and they're another reason why we're seeing an increase in demand for animal diagnostic tests. By testing animals for zoonotic diseases, we can help to protect both animals and humans. Examples of common tests include molecular technologies like PCR and Next-Generation Sequencing (NGS) as well as other tests that are used to detect infectious diseases, genetic disorders, and various health conditions in animals. As the pet population continues to rise and people become more aware of the importance of animal health, the demand for animal diagnostic tests such as molecular diagnostic tests will continue to grow. This growth represents a great opportunity for companies that develop and manufacture these tests.

You know about the scary COVID-19 pandemic that hit us a while back? It was a nasty zoonotic disease, which means it hopped from animals to humans. This made us realize how dangerous these zoonotic diseases can be. They're like hidden time bombs, just waiting to spread from animals to people and cause a whole lot of trouble. Think about bird flu, rabies, or even other coronaviruses. These are all zoonotic diseases that show us how important it is to catch them early, keep an eye on them, and stop them in their tracks. That's where veterinary molecular techniques come in. They're like super-sleuths in the animal health world. These techniques, like PCR and DNA sequencing, help us find these zoonotic troublemakers in our furry, feathered, and even wild animal friends. By figuring out which nasty bugs are lurking in our pets, livestock, and wildlife, we can take steps to protect ourselves and our beloved animal companions from getting sick.

Veterinary Molecular Diagnostics Market Analysis

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Hey there, let's talk about how the veterinary molecular diagnostics market is growing. It's all about detecting diseases in animals using fancy techniques. The market is split into two main groupskits and reagents, and instruments. Guess what's the star of the show? It's kits and reagents! They're like the tools and ingredients that vets use to diagnose diseases. In 2022, they were worth a whopping $209 million. Why are they so popular? Well, people are getting more and more worried about infections in pets and farm animals. So, the demand for tests that can quickly and accurately find these diseases is skyrocketing. Plus, vets are loving the convenience of these kits and reagents. They're easy to use and don't need special lab setups or fancy training. That means vets can use them in different healthcare settings, even if they don't have a fully equipped lab. And let's not forget, these kits and reagents are like the Lego blocks of diagnostics. They're designed to be user-friendly, so vets and other healthcare workers can easily use them to detect diseases in animals.

Based on technology, the global veterinary molecular diagnostics market is categorized into PCR, DNA sequencing, microarray, and INAAT kits. PCR segment is further sub-categorized into real-time PCR and other PCRs. In 2022, the PCR segment is expected to witness considerable growth at CAGR of 8.9% by 2032. It is because PCR technology has been proven to be the most reliable and fastest technique to diagnose the cause of diseases. PCR offers high sensitivity, specificity, and rapid results, making it a valuable tool for the detection and monitoring of various infectious diseases in animals.

Based on application, the veterinary molecular diagnostics market is segmented into infectious, genetic, and other applications. The infectious diseases segment is sub-segmented into bacterial, viral, parasitic, and other infectious diseases. The infectious disease segment is expected to reach USD 362.3 million by 2032. The rising prevalence of infectious diseases in animals is high, driving the demand for accurate and timely diagnostics to identify and treat such diseases. Due to the high emphasis on public health and animal health, there is a high demand for the early detection and control of zoonotic diseases.

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When it comes to veterinary molecular diagnostics, the market is split into two main groupsanimals we keep as companions and animals raised for food. For our furry friends, the companion animal market includes dogs, cats, horses, and other adorable creatures. On the livestock side, we've got cattle, pigs, chickens, and plenty more. Companion animals have been dominating the market, holding nearly two-thirds of it in 2022. The reason? We're crazy about our pets! More and more people are bringing dogs and cats into their homes, and we're spending more on their health and well-being. We love them like family, so we want to make sure they're happy and healthy. And with pet insurance becoming more popular, we're even more likely to seek veterinary care for our beloved companions. What's more, we're treating our pets more like humans these days. We're taking them for regular checkups and vaccinations, and we're even using molecular diagnostics to monitor their health and prevent illnesses. It's all part of our commitment to keeping our furry friends by our side for as long as possible.

Based on end-user, the veterinary molecular diagnostics market is classified into diagnostic laboratories, veterinary clinics, veterinary hospitals, and other end-users. Diagnostic laboratories segment is expected grow at CAGR of 8.6% by 2032. Veterinary diagnostic laboratories have specialized expertise, skilled personnel, and well-equipped facilities for performing molecular diagnostics. Such laboratories have well-developed infrastructure, including advanced laboratory devices which improves the handling of complex diagnostic procedures effectively and precisely. It offers a wide range of molecular tests for diagnosing various infectious diseases, genetic conditions, and immune-related disorders in animals.

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North America veterinary molecular diagnostics market is expected to grow at CAGR of 8.1% by 2032. North America has well-developed veterinary healthcare infrastructure, including veterinary hospitals, clinics, and specialized veterinary centers. The presence of skilled veterinarians, advanced veterinary diagnostic equipment and techniques, and a wide range of treatments and veterinary services.

The U.S. is one of the countries which has the largest pet populations in the world, with a significant number of households owning pets. In U.S., dogs and cats are the most common pets, but there is also a considerable population of birds, fish, small mammals, and reptiles.

Veterinary Molecular Diagnostics Market Share

The prominent players in the veterinary molecular diagnostics market are

  • IDEXX Laboratories Inc.
  • Thermo Fischer Scientific Inc.
  • bioMerieux SA
  • Qiagen
  • ID Vet
  • Biolab S.r.l.
  • INDICAL BIOSCIENCE GmbH
  • Bionote USA Inc.
  • Zoetis, Inc.
  • Neogen Corporation

Veterinary Molecular Diagnostics Industry News

  • In June 2022, IDEXX Laboratories, Inc expanded the reference laboratory menu by including Fecal Dx Antigen Testing with Flea Tapeworm Detection, Testing for the FGF-23 Kidney Biomarker, and Next-Day PCR Direct Testing Service.  This strategy helped the company to enhance its existing product portfolio and increase customer base.
  • In December 2021, Neogen Corporation acquired Spokane-based Genetic Veterinary Sciences, Inc., companion animal genetic testing company. This strategic acquisition helped the company to expand its genomics business and outreach to untapped economies.

The global veterinary molecular diagnostics market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments

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By Product

 

  • Kits & Reagents
  • Instrument

By Technology

  • PCR
    • Real Time PCR
    • Other PCRs
  • DNA sequencing
  • Microarrays
  • INAAT kits

By Application

  • Infectious diseases
    • Bacterial infectious diseases
    • Viral infectious diseases
    • Parasitic infectious diseases
    • Other infectious diseases
  • Genetic diseases
  • Other applications

By Animal Type

  • Companion animals
    • Dogs
    • Cats
    • Horses
    • Other companion animals
  • Livestock animals
    • Cattle
    • Swine
    • Poultry
    • Other livestock animals

By End-user

  • Diagnostic laboratories
  • Veterinary clinics
  • Veterinary hospitals
  • Other end-users

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of Middle East & Africa

 

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