Veterinary Diagnostics Market is expected to grow at a CAGR of 9.3% from 2022 to 2029 to reach $6.37 billion by 2029. Veterinary Diagnostics market includes consumables like the kits, assays, reagents, media, system & software. Rising demand for animal-derived food products, increasing prevalence of foodborne and zoonotic diseases, favorable government initiatives, advancements in veterinary diagnostic methods, increasing animal health expenditure & pet insurance in developed countries are driving the global veterinary diagnostics market.
Here are the top 10 companies operating in the Veterinary Diagnostics Market:
IDEXX Laboratories, Inc. (U.S.)
Incorporated in 1983 and headquartered at Maine, U.S.; IDEXX Laboratories, Inc is developing, manufacturing, and distributing products and providing services primarily for companion animals, livestock including poultry and dairy, and water testing markets. The company operates through three segments: Companion Animal Group (CAG), Water Quality Products (Water), and Livestock, Poultry and Dairy (LPD). The company’s primary diagnostic products include tests for Bovine Viral Diarrhea Virus (BVDV), Porcine Reproductive and Respiratory Syndrome (PRRS), and SNAP test kits.
The company sells its products and offers its services in more than 175 countries and has a direct presence through its manufacturing, R&D sites, and reference laboratories in the U.S., the U.K., Canada, Australia, New Zealand, Brazil, South Africa, France, Switzerland, the Netherlands, South Korea, China, Spain, and Japan.
Zoetis Inc. (U.S.)
Incorporated in 2012 and headquartered at New Jersey, U.S., Zoetis Inc. is engaged in the discovery, development, manufacture, and commercialization of animal health medicines, vaccines, and diagnostic products, primarily for livestock and companion animals. The company operates through two geographic segments, namely the U.S. and International, within which it offers products for both livestock and companion animals.
The company offers its veterinary diagnostics products, such as analyzers, consumables, testing kits through its subsidiary Abaxis, Inc. (U.S.). The company has R&D operations and manufacturing sites in Austria, Belgium, Brazil, China, Denmark, Spain, the U.S, Australia, India, Vietnam, and Norway.
Thermo Fisher Scientific Inc. (U.S.)
Founded in 2006 and headquartered at Massachusetts, U.S.; Thermo Fisher Scientific provides analytical instruments, laboratory equipment, lab services, and diagnostics instruments through five brands, namely, Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, and Unity Lab Services. The company operates through four business segments: Laboratory Products & Services, Life Sciences Solutions, Analytical Instruments, and Specialty Diagnostics. The company offers veterinary diagnostic products, such as VetMAX kits, PrioCHECK kits, LSIVet kits, and PCR systems through its Specialty Diagnostics segment.
The company’s Specialty Diagnostics business segment has a direct presence in the U.S. through its operational offices, engineering sites, and laboratories; and production sites which are present in Virginia, Kansas, Michigan, New Hampshire, and California, within the U.S., and in Sweden, Germany, the U.K., France, Switzerland, Finland, China, Canada, and Japan.
bioMérieux S.A. (France)
Established in 1963 and headquartered in l’Étoile, France, bioMérieux S.A. manufactures in vitro diagnostic solutions and is engaged in developing new approaches in diagnostics, immunotherapy, food safety, and nutrition to fight against infectious diseases and cancers. The company manufactures and offers a range of products for veterinary solutions, such as culture media and instruments, including VITEK, NUCLISENS easyMAG, and others to combat animal diseases through its Industrial Applications segment.
The company has a direct presence through its production and R&D sites in the U.S., Brazil, France, Spain, Italy, Australia, Germany, India, Belgium, and China and its subsidiaries in Kenya, the U.S, Norway, Serbia, Chile, Mexico, Brazil, Sweden, Argentina, Vietnam, Thailand, India, China, Canada, Turkey, Russia, Italy, Greece, Germany, Belgium, Singapore, Japan, the U.K., Australia, Spain, the Netherlands, and South Africa.
Bio-Rad Laboratories, Inc. (U.S.)
Founded in 1952 and headquartered at California, U.S., Bio-Rad Laboratories is engaged in developing, manufacturing, and marketing products for life science research and clinical diagnosis. The company operates through two business segments: Life Science and Clinical Diagnostics. The company operates in the veterinary diagnostics market through its Clinical Diagnostics business segment, which designs, manufactures, and sells test systems, informatics systems, test kits, and specialized quality controls to several clinical diagnostic and reference laboratories.
The company has a direct presence through its manufacturing, research, and distribution facilities, in the U.S., France, Switzerland, Germany, Belgium, Switzerland, and Singapore. The company also has direct distribution channels in over 35 countries.
Meticulous Research in its latest publication on global Veterinary Diagnostics Market has predicted the growth of 9.3% during the forecast year 2022 to 2029.
INDICAL BIOSCIENCE GmbH (Germany)
Founded in 1996 and headquartered in Leipzig Germany, INDICAL BIOSCIENCE is an animal health company funded by Fidelio Capital (Sweden) that provides molecular diagnostic workflows and protocols. The company offers diagnostics solutions, such as sample preparation kits, pathogen-specific PCR assays, ELISA kits, and high- to low-throughput testing instruments for humans and animals.
The company operates in the veterinary diagnostics market by providing assays and kits for detecting pathogens, such as Bluetongue Virus, Bovine Viral Diarrhea Virus, and Mycobacterium avium subsp. Paratuberculosis in livestock animals, such as ruminants, poultry, swine, and equine. The company offers its products to veterinarians, industries, and government agencies. The company has a local presence in 169 countries, a direct presence in 22 countries, and has more than 75 commercial partners for product distribution in 147 countries.
Neogen Corporation (U.S.)
Founded in 1982 and headquartered at Michigan, U.S., Neogen Corporation manufactures products dedicated to food and animal safety and operates through two reportable segments: Food Safety and Animal Safety. The The company operates in the veterinary diagnostics market through its Animal Safety segment, which develops, produces, and markets products related to animal safety.
The company has international operations across the U.K., Mexico, Brazil, Canada, China, India, Scotland, England, Australia, and local operations in Lexington, Kentucky; Randolph, Wisconsin; Lincoln, Nebraska; and other locations in the U.S. The company has genomics laboratories in the U.S., the U.K., Brazil, and Australia.
Founded in 2004 and headquartered at Grabels, France, IDvet develops and manufactures diagnostic tests for the detection of infectious diseases in farm and companion animals. The company develops products that include reagents for both emerging and established diseases using RT-PCR and ELISA technology. The company operates in the veterinary diagnostics market by offering animal disease testing kits and reagents for ruminants, swine, avian, canine, and equine.
The company exports its veterinary diagnostic products to over 80 countries, such as Australia, Belgium, Bangladesh, China, Brazil, Greece, Egypt, France, Korea, Mexico, Spain, South Africa, the U.K., and the U.S.
GD Animal Health (Netherlands)
Founded in 1919 and headquartered in Overijssel, Netherlands, GD Animal Health is a leading organization in animal health and animal production. The company offers various consumables, such as antigens, monospecific antisera, and reference sera, to monitor the health and diagnosis of diseases in cattle, poultry, swine, horses, and others. The company combines monitoring and eradication of diseases with practical research projects to identify emerging diseases and develop new laboratory tests. The company utilizes technologies, such as hemagglutination inhibition (HI), agar gel precipitation (AGP), ELISA, and PCR.
The company has its presence in eastern and central Europe, Egypt, Indonesia, Ireland, India, Ethiopia, Russia, and Finland. Almost five million laboratory tests are carried out every year at the company’s veterinary laboratory in Deventer
Heska Corporation (U.S.)
Incorporated in 1988 and headquartered at Colorado U.S., Heska Corporation provides point-of-care laboratory instruments and consumables, digital imaging diagnostic instruments, software and services, digital cytology services, local and cloud-based data services, allergy testing and immunotherapy, and single-use offerings, such as in-clinic diagnostic tests and heartworm preventive products. The company operates through two reportable segments: North America and International. The company operates in the veterinary diagnostics market by offering generation technologies to pet healthcare providers through blood diagnostic solutions, including chemistry, hematology, blood gas & electrolytes, immunodiagnostics, and heartworm.
The company’s subsidiaries operating in the veterinary diagnostics market are Biotech Laboratories U.S.A. LLC, CVM Veterinary Diagnosis SL (Spain), and SCIL animal care company GmbH (Germany).
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Authoritative Research on the Veterinary Diagnostics Market – Global Opportunity Analysis and Industry Forecast (2022-2029)
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