Companion Animal Diagnostics Market Share, Development and Demand Forecast to 2030

1. Companion Animal Diagnostics Market Will Reach USD 4,974 Million By 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

2. The total value of the global companion animal diagnostics market was USD 2,424 million in 2022, and it will rise at a growth rate of above 9.40% shortly, reaching USD 4,974 million by 2030, according to P&S Intelligence. This growth can be ascribed to the growing count of animals being accepted as pets worldwide and the increasing demand of pet holders to consider pets as part of the family leading to the universal trend of pet parenting. In Europe and North America, pets are being accepted as a friend for elder people. Furthermore, with the increasing knowledge regarding pets’ well-being and the improving standards of therapies and treatments for pets, the demand for companion diagnostics is escalating at a significant pace. Even though several animals like dogs and cats are considered human friends for above 10,000 years, they still can be a reason for communicable sicknesses because of several zoonotic pathogens. There are a lot of zoonoses, which are developing and re-emerging, including cowpox, rabies, rotaviruses, noroviruses, and influenza, which can nauseate animals and then be communicated to people. Download sample pages of this report: https://www.psmarketresearch.com/market- analysis/companion-animal-diagnostics-market/report-sample In 2022, the clinical biochemistry category held the largest market share. Syndromes and Diseases that can be assessed with the support of this technology such as diabetes, liver dysfunction, hypoglycemia or hypocalcemia, and hypokalemia or hypoadrenocorticism. The basic tests comprised in this technique include albumin, urea, total protein, creatinine, alkaline phosphatase, alanine transaminase, gamma-glutamyl transferase, glutamate dehydrogenase, aspartate transaminase, and creatine kinase These are the utmost vital tests for assessing aged pets, toxin exposure or diarrhea, animals with vomiting, health before anesthesia, and animals getting long-standing medicines. On the basis of segmentation, the industry is divided into cats, dogs, and others, among these, in 2022, the dog category had the largest share. This is mainly because of the growing populace and adoption rate of dogs and the increasing frequency of zoonotic illnesses throughout the world, which lead to the rising demand for veterinary appointments and diagnostics for dogs. 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

3. In 2022, North America generated the largest revenue share of 41% and is also projected to experience the fastest growth in the coming years. This is because of the rising populace of pet animals, particularly in the U.S.; the increasing pet insurance; and the growing health spending on companions in the continent. For example, as per the American Pet Products Association (APPA), in the U.S., approximately 70% of families owned a pet, as of 2021. Browse full report at: https://www.psmarketresearch.com/market-analysis/companion- animal-diagnostics-market Hence, the growing count of animals being accepted as pets worldwide and the increasing demand of pet holders to consider pets as part of the family are the major factors contributing in the growth of the companion animal diagnostics market. Companion Animal DiagnosticsMarket Size Breakdown by Segment By Technology Immunodiagnostics Clinical Biochemistry Hematology Urinalysis Molecular Diagnostics Others By Animal Type Dog Cat Others By Application Clinical Pathology Bacteriology Virology Parasitology Others By Region North America Companion Animal Diagnostics Market • • • • • • • • • • • • • • • oBy Technology oBy Animal Type oBy Application oBy country – U.S. and Canada Europe Companion Animal Diagnostics Market • 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

4. oBy Technology oBy Animal Type oBy Application oBy country – Germany, U.K., France, Italy, Spain, and Rest of Europe Asia-Pacific (APAC) Companion Animal Diagnostics Market • oBy Technology oBy Animal Type oBy Application oBy country – Japan, China, India, South Korea, Australia, and Rest of APAC Latin America (LATAM) Companion Animal Diagnostics Market • oBy Technology oBy Animal Type oBy Application oBy country – Brazil, Mexico and Rest of LATAM Middle East and Africa (MEA) Companion Animal Diagnostics Market • oBy Technology oBy Animal Type oBy Application oBy country – Saudi Arabia, South Africa, and Rest of MEA 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved

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