Companion Animal Diagnostics Market Report 2025

This companion animal diagnostics market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The companion animal diagnostics market size has grown strongly in recent years. It will grow from $3.1 billion in 2024 to $3.4 billion in 2025 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to increasing pet ownership, rising veterinary healthcare expenditure, growing awareness of pet health, expanding pet insurance adoption, increased prevalence of zoonotic diseases, and growing demand for early disease detection in pets.

The companion animal diagnostics market size is expected to see strong growth in the next few years. It will grow to $4.91 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to the growing adoption of point-of-care testing, increasing availability of advanced diagnostic tools, rising demand for personalized veterinary care, expanding telemedicine services for pets, increasing focus on preventive healthcare, and growing investment in diagnostic product development by market players. Major trends in the forecast period include the expansion of telehealth diagnostics for pets, integration of wearable diagnostic devices, growth in molecular diagnostic techniques, the development of personalized veterinary diagnostics, and the adoption of cloud-based diagnostic data management.

The increasing number of pet owners is expected to drive growth in the companion animal diagnostics market. Pet owners are responsible for the care and well-being of their pets, and the number of people owning pets has risen due to greater awareness of their emotional and health benefits, along with improved availability of pet-related services and products. Companion animal diagnostics offer vital health information and early disease detection for pets, ensuring timely and effective care. For example, in October 2023, the American Pet Products Association reported that 86.9 million U.S. households owned a pet in 2022, which represents 66% of households. Additionally, Animal Medicines Australia noted that 69% of Australian households owned pets in 2022. This growing trend among pet owners is fueling the expansion of the companion animal diagnostics market.

Companies in the companion animal diagnostics market are focusing on creating reference laboratories to enhance remote diagnostic capabilities and improve access to specialized care. Reference laboratories are advanced diagnostic facilities that offer specialized testing services not typically available in standard clinical labs. For example, in November 2023, Antech Diagnostics, Inc., a U.S.-based veterinary diagnostics company, launched a comprehensive veterinary diagnostics service in the UK, featuring a new state-of-the-art reference laboratory in Warwick. This new offering aims to provide UK veterinary professionals with a wide range of services, including reference laboratory services, in-house diagnostics, imaging, and software solutions.

In June 2023, Mars Incorporated, a U.S.-based manufacturer of confectionery and pet food, acquired Heska for an undisclosed amount. This acquisition allows Mars Petcare's Science & Diagnostics division to broaden its diagnostic capabilities. Heska Corporation, a U.S.-based provider of companion animal diagnostics, will enhance Mars's diagnostic offerings with this addition.

Major companies operating in the companion animal diagnostics market are Thermo Fisher Scientific Inc., Merck KGaA, Fujifilm Holdings Corporation, Zoetis Inc., VCA Inc., Mindray Medical International Limited, bioMérieux S.A., IDEXX Laboratories Inc., Qiagen N.V., Virbac S.A., Randox Laboratories Ltd., Esaote S.p.A., Abaxis Inc., Neogen Corporation, Arkray Inc., Indical Bioscience GmbH, Biovet S.A., Woodley Equipment Company Ltd., Scil Animal Care Company, Laboklin GmbH & Co. KG, VolitionRx Limited.

North America was the largest region in the companion animal diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the companion animal diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the companion animal diagnostics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Companion animal diagnostics encompasses the testing and diagnostic procedures used to identify and manage health conditions in pets, such as dogs and cats. This field includes a variety of tools and services, ranging from blood tests and imaging to specialized assays. It enables early detection and precise management of health conditions, leading to improved outcomes and customized treatment plans.

The primary animal types covered by companion animal diagnostics include cats, dogs, horses, and others. For cats, diagnostics involve products and services specifically tailored to feline health, such as blood tests, imaging, and genetic screening. The technologies used in these diagnostics include immunodiagnostics, clinical biochemistry, hematology, urinalysis, and molecular diagnostics, among others. These tools are applied in areas such as bacteriology, clinical pathology, virology, and parasitology. End-users of companion animal diagnostics include diagnostic laboratories, veterinary clinics and hospitals, research institutes, and home care settings.

The companion animal diagnostics market research report is one of a series of new reports that provides companion animal diagnostics market statistics, including companion animal diagnostics industry global market size, regional shares, competitors with a companion animal diagnostics market share, detailed companion animal diagnostics market segments, market trends and opportunities, and any further data you may need to thrive in the companion animal diagnostics industry. This companion animal diagnostics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The companion animal diagnostics market consists of revenues earned by entities by providing services such as imaging services, consultation services, data management and integration services, educational and support services, and emergency diagnostic services. The market value includes the value of related goods sold by the service provider or included within the service offering. The companion animal diagnostics also includes sales of instruments and devices, test kits and reagents, molecular diagnostics, and personalized testing panels. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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