Companion Animal Diagnostics Market $11.03 Billion By 2030

Companion Animal Diagnostics Market Growth & Trends

The global companion animal diagnostics market size is expected to reach USD 11.03 billion by 2030, registering a CAGR of 9.66% from 2025 to 2030, according to a new report by Grand View Research, Inc. The anticipated rise in companion animal population would increase the demand for veterinary healthcare facilities. According to a 2018 report by the American Pet Products Association (APPA), the overall spending in the U.S. pet industry has increased by 4.1% from 2016 to 2017. Moreover, veterinary care spending has increased by 7% from USD 15.95 billion in 2016 to USD 17.07 billion in 2017.

The demand for advanced diagnostic facilities for rapid and accurate testing of sample is propelling the growth of companion animal diagnostics over the forecasted period. The approvals and the new product launches by the key industry players to deal with the rising demand are driving the market. The companies are constantly trying to develop innovative devices to tap the enormous growth potential of the market. For instance, Idexx Laboratories gained a significant presence in the market by launching the new chemistry analyzer. Zoetis increased their penetration by acquiring one of the top veterinary diagnostics company Abaxis in July 2018.

Moreover, the rising concern of people for their pets leads to an increase in insurance claims. Most of the pet insurance covers major chronic conditions except any pre-existing one. The millennials are considered an attractive target population for the companies playing in this space. Millennials around the world consider pets and presence of animals good for their emotional and physical health. The demand for easy to administer and rapid diagnosis is anticipated to further boost the revenue.

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Companion Animal Diagnostics Market Report Highlights

• By testing category, the clinical chemistry segment dominated the market with a share of 23.20% in 2024, due to its critical role in evaluating the health status of animals through the analysis of blood and other bodily fluids.

• Based on animal, the dogs segment held the largest market share in 2024. The others segment is expected to register the fastest CAGR from 2025 to 2030.

• In terms of product, the consumables, reagents & kits segment held the largest market share in 2024. Moreover, consumables and reagents offer greater flexibility and convenience compared to standalone diagnostic instruments.

• By end use, the veterinarians segment held the largest share of the market in 2024. The animal owners segment is estimated to grow at the fastest CAGR in the coming years.

• The North America companion animal industry held the largest revenue share of 38.25% in 2024. The Asia Pacific companion animal diagnostics industry is projected to experience substantial growth over the forecast period.

Companion Animal Diagnostics Market Segmentation

Grand View Research has segmented global companion animal diagnostics market report based on product, animal, testing category, end-use, and region:

Companion Animal Diagnostics Product Outlook (Revenue, USD Million, 2018 - 2030)

• Consumables, Reagents & Kits

• Equipment & Instruments

Companion Animal Diagnostics Testing Category Outlook (Revenue, USD Million, 2018 - 2030)

• Clinical Chemistry

• Microbiology

• Parasitology

• Histopathology

• Cytopathology

• Hematology

• Immunology & Serology

• Imaging

• Molecular Diagnostics

• Other Categories

Companion Animal Diagnostics Animal Outlook (Revenue, USD Million, 2018 - 2030)

• Dogs

• Cats

• Horses

• Other Companion Animals

Companion Animal Diagnostics End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Reference Laboratories

• Veterinarians

• Animal Owners

Companion Animal Diagnostics Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Denmark

  • Norway

  • Sweden

  • Rest of Europe

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Australia

  • Thailand

  • Rest of Asia Pacific

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • Kuwait

  • UAE

  • Rest of MEA

List of Key Players of Companion Animal Diagnostics Market

• IDEXX Laboratories, Inc.

• Zoetis

• Antech Diagnostics, Inc. (Mars Inc.)

• Agrolabo S.p.A.

• Embark Veterinary, Inc.

• Esaote SPA

• Thermo Fisher Scientific, Inc.

• Innovative Diagnostics SAS

• Virbac

• FUJIFILM Corporation