Global Veterinary Molecular Diagnostics Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Products;

Instruments, Kit and Reagents, and Software and Services.

By Applications;

Infectious Diseases, Genetics, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn222805259 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Veterinary Molecular Diagnostics Market (USD Million), 2020 - 2030

In the year 2023, the Global Veterinary Molecular Diagnostics Market was valued at USD 5,342.82 million. The size of this market is expected to increase to USD 9,109.28 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.9%.

The Global Veterinary Molecular Diagnostics Market is experiencing notable growth, driven by the increasing demand for advanced diagnostic solutions in veterinary medicine and the growing awareness of the importance of molecular testing for animal health. Molecular diagnostics play a crucial role in veterinary practice by enabling the rapid and accurate detection of pathogens, genetic mutations, and biomarkers associated with various infectious diseases, genetic disorders, and cancer in animals.

This market's growth is propelled by several factors, including the rising prevalence of infectious diseases in animals, the emergence of zoonotic diseases, and the need for early disease detection and surveillance in veterinary populations. Veterinary molecular diagnostics offer advantages such as high sensitivity, specificity, and speed, allowing veterinarians to make informed clinical decisions, implement targeted treatment strategies, and mitigate the spread of infectious agents among animal populations. Additionally, the growing trend of pet humanization and the increasing demand for personalized medicine in veterinary care are driving the adoption of molecular diagnostic testing to tailor treatment plans and improve patient outcomes.

Advancements in molecular biology technologies, such as polymerase chain reaction (PCR), nucleic acid sequencing, and microarray-based assays, are expanding the capabilities of veterinary molecular diagnostics. These technologies enable the detection of a wide range of pathogens, including viruses, bacteria, fungi, and parasites, as well as the identification of genetic mutations associated with inherited diseases and predispositions to certain health conditions in animals. The development of point-of-care molecular diagnostic platforms and portable testing devices facilitates rapid on-site testing in veterinary clinics, emergency response settings, and field surveillance programs, enhancing the accessibility and timeliness of molecular testing in veterinary medicine.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Products
    2. Market Snapshot, By Applications
    3. Market Snapshot, By Region
  4. Global Veterinary Molecular Diagnostics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Prevalence of Infectious Diseases in Animals

        2. Growing Awareness of Zoonotic Diseases

        3. Demand for Early Disease Detection in Veterinary Populations

      2. Restraints
        1. High Cost of Molecular Diagnostic Testing

        2. Limited Access to Advanced Veterinary Diagnostic Services in Developing Regions

        3. Challenges Associated with Interpretation of Molecular Diagnostic Results

      3. Opportunities
        1. Development of Point-of-Care Molecular Diagnostic Platforms

        2. Expansion of Veterinary Molecular Diagnostics in Emerging Markets

        3. Personalized Medicine in Veterinary Care

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Veterinary Molecular Diagnostics Market, By Products, 2020 - 2030 (USD Million)
      1. Instruments

      2. Kit and Reagents

      3. Software and Services

    2. Global Veterinary Molecular Diagnostics Market, By Applications, 2020 - 2030 (USD Million)
      1. Infectious Diseases

      2. Genetics

      3. Others

    3. Global Veterinary Molecular Diagnostics Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Ingenetix GmbH
      2. Idexx Laboratories Inc.
      3. Thermo Fischer Scientific Inc.
      4. Biomerieux SA
      5. QIAGEN N.V.
  7. Analyst Views
  8. Future Outlook of the Market