Companion Animal Diagnostic Services Market Trends Analysis 2025-2030, Featuring Zoetis Services, IDEXX Laboratories, Embark Veterinary, SYNLAB, NationWide Laboratories, IVC Evidensia, Greencross Vets

Dublin, Jan. 17, 2025 (GLOBE NEWSWIRE) — The “Companion Animal Diagnostic Services Market Size, Share & Trends Analysis Report By Testing Category, By Type, By Animal Type, By Region, And Segment Forecasts, 2025 – 2030” report has been added to ResearchAndMarkets.com’s offering.

The global companion animal diagnostic services market size is expected to reach USD 13.95 billion by 2030, registering a CAGR of 7.51% from 2025 to 2030. The market is driven by increasing advancements in pet diagnostics, expansion of service offerings by key market players, pet insurance penetration, rising pet expenditure, and growing pet health concerns. The North American Pet Health Insurance Association (NAPHIA) for instance, reported that about 3.88 million dogs in the U.S. are insured, while about 0.96 million cats have insurance policies. This represented about 22% growth in total insured pets over 2022. As more pet owners opt for insurance coverage, the demand for veterinary services, including diagnostic services is anticipated to increase in the coming years.

The COVID-19 pandemic had both positive and negative impacts on the market. This included limited access to veterinary care, operational challenges, awareness about pet health, concerns over zoonoses, and supply chain bottlenecks. In 2022, however, the market experienced a dampened growth rate owing to the macroeconomic challenges brought on by high input costs and other factors. For example, Neogen Corporation reported a decrease in domestic pet genomics services revenue owing to a difficult comparison from strong 2021 sales growth. While IDEXX reported a notable impact on its gross profit in 2022 owing to higher service costs (including facility, labor, and product costs) and high freight and distribution costs. However, as diagnostic and healthcare standards that people expect for themselves continue to extend to their pets, it is estimated to drive the demand for sophisticated diagnostic services over the forecast period.

Increasing adoption of pet insurance is a key market driver. Diagnostic services can sometimes be expensive, particularly for advanced procedures like MRI scans or genetic testing. Pet insurance mitigates the financial burden on pet owners, making it more feasible for them to opt for these services when recommended by veterinarians. Also, pet insurance policies often cover a portion of or the entire cost of diagnostic services, including laboratory tests, imaging, and other medical procedures. Pet owners who have insurance are more likely to take their pets to the veterinarian regularly, increasing the likelihood of early disease detection through diagnostics. This proactive approach not only improves the pet’s health outcomes but also reduces the overall cost of treatment by addressing issues in their early stages.

Companion Animal Diagnostic Services Market Report Highlights

• The diagnostic and healthcare standards that people expect for themselves are extending to their pets, driving demand for sophisticated diagnostic services
• By Testing Category, the Clinical Chemistry segment dominated the market with a share of over 23.67% in 2024. The Cytopathology segment on the other hand, is estimated to witness the highest growth rate of more than 9% in the coming years
• In terms of Type, the Point-of-Care (POC) segment dominated the market in 2024. The Laboratory-based segment is projected to grow at the fastest rate of over 7.85% during the forecast period
• Dogs accounted for the highest share of about 54.69% of the market by animal type in 2024. Other companion animals segment is estimated to witness the highest CAGR of over 9.86% in the near future
• As pets live longer, the prevalence of age-related conditions and chronic diseases increases, leading to a higher demand for diagnostic services. Furthermore, the rise in pet insurance adoption encourages pet owners to seek comprehensive diagnostic testing for their pets, as insurance coverage can offset costs
• In 2024, North America held the highest share of over 38.25% of the market by region. The Asia Pacific region is expected to grow at the fastest rate of over 9% during the forecast period
• The COVID-19 pandemic and other zoonotic disease outbreaks have underscored the importance of monitoring and diagnosing diseases that can be transmitted between animals and humans thus fueling the market growth

Why should you buy this report?

• Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
• Competitive Landscape: Explore the market presence of key players worldwide.
• Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
• Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

• Market intelligence to enable effective decision-making
• Market estimates and forecasts from 2018 to 2030
• Growth opportunities and trend analyses
• Segment and regional revenue forecasts for market assessment
• Competition strategy and market share analysis
• Product innovation listing for you to stay ahead of the curve

Key Attributes:

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Companion Animal Diagnostic Services Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.1.1. Increasing humanization of pets
3.2.1.2. Increasing medicalization rate
3.2.1.3. Increasing uptake of point-of-care diagnostics
3.2.1.4. Increasing technological advancements
3.2.2. Market Restraint Analysis
3.2.2.1. Lack of awareness
3.2.2.2. Limited access to quality veterinary care
3.2.3. Market Opportunity Analysis
3.2.4. Market Challenge Analysis
3.3. Companion Animal Diagnostic Services Market Analysis Tools
3.4. Estimated Companion Animal Population, by key species & key countries, 2024

Chapter 4. Companion Animal Diagnostic Services Market: Testing Category Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Companion Animal Diagnostic Services Market: Testing Category Movement Analysis & Market Share, 2024 & 2030
4.3. Clinical Chemistry
4.4. Microbiology
4.5. Parasitology
4.6. Histopathology
4.7. Cytopathology
4.8. Hematology
4.9. Immunology & Serology
4.10. Imaging
4.11. Molecular Diagnostics
4.12. Other Categories

Chapter 5. Companion Animal Diagnostic Services Market: Type Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Companion Animal Diagnostic Services Market: Type Movement Analysis & Market Share, 2024 & 2030
5.3. Point-of-Care (POC)
5.3.2. Clinical Chemistry
5.3.3. Microbiology
5.3.4. Parasitology
5.3.5. Histopathology
5.3.6. Cytopathology
5.3.7. Hematology
5.3.8. Immunology & Serology
5.3.9. Imaging
5.3.10. Molecular Diagnostics
5.3.11. Other Categories
5.4. Laboratory-based
5.4.1. Market Estimates and Forecasts, 2018 – 2030 (USD Million)
5.4.2. Clinical Chemistry
5.4.3. Microbiology
5.4.4. Parasitology
5.4.5. Histopathology
5.4.6. Cytopathology
5.4.7. Hematology
5.4.8. Immunology & Serology
5.4.9. Imaging
5.4.10. Molecular Diagnostics
5.4.11. Other Categories

Chapter 6. Companion Animal Diagnostic Services Market: Animal Type Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. Companion Animal Diagnostic Services Market: Animal Type Movement Analysis & Market Share, 2024 & 2030
6.3. Dogs
6.4. Cats
6.5. Horses
6.6. Others

Chapter 7. Companion Animal Diagnostic Services Market: Regional Estimates & Trend Analysis
7.1. Regional Outlook
7.2. Companion Animal Diagnostic Services Market: Regional Movement Analysis & Market Share, 2024 & 2030
7.3. North America
7.4. Europe
7.5. Asia Pacific
7.6. Latin America
7.7. Middle East & Africa

Chapter 8. Competitive Landscape
8.1. Market Participant Categorization
8.2. Company Market Position Analysis/ Heap Map Analysis
8.3. Estimated Company Market Share Analysis, 2024
8.4. Strategy Mapping
8.5. Company Profiles

• Zoetis Services
• IDEXX Laboratories
• Mars
• The Animal Medical Center
• Embark Veterinary
• SYNLAB
• NationWide Laboratories
• IVC Evidensia
• CVS Group
• Greencross Vets

For more information about this report visit https://www.researchandmarkets.com/r/x81xb7

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

• Companion Animal Diagnostic Services Market