Global Animal Therapeutics And Diagnostics Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Animal;

Livestock, and Companion.

By Product;

Therapeutic, and Diagnostic.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn123448382 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Animal Therapeutics And Diagnostics Market (USD Million), 2021 - 2031

In the year 2023, the Global Animal Therapeutics And Diagnostics Market was valued at USD 27,449.59 million. The size of this market is expected to increase to USD 39,798.06 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.5%.

This market encompasses a wide range of products and services designed to diagnose, treat, and manage diseases in animals, ensuring their health and well-being. The surge in companion animal ownership, particularly in urban areas, has significantly boosted demand for veterinary services and therapeutics. Pet owners today are more inclined to invest in the health and longevity of their pets, seeking out advanced treatments and preventive care measures.

The livestock industry, which plays a crucial role in the global food supply chain, is increasingly focusing on animal health to enhance productivity and prevent disease outbreaks. This has led to greater demand for diagnostics and therapeutics to maintain the health of livestock populations. The rise of zoonotic diseases, which can be transmitted from animals to humans, has further underscored the importance of maintaining animal health, prompting investments in veterinary diagnostics to monitor and control these diseases.

Technological advancements are also propelling the market forward. Innovations in molecular diagnostics, imaging technologies, and biotechnology have revolutionized the way veterinary diseases are diagnosed and treated. These advancements allow for earlier and more accurate diagnosis, leading to more effective treatments and improved outcomes for animals. For instance, the development of rapid diagnostic tests and portable imaging devices has made it easier for veterinarians to diagnose conditions quickly and accurately, even in remote locations.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Animal
    2. Market Snapshot, By Product
    3. Market Snapshot, By Region
  4. Global Animal Therapeutics And Diagnostics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Pet Ownership

        2. Advancements in Veterinary Medicine

        3. Rising Zoonotic Diseases

      2. Restraints
        1. High Treatment Costs

        2. Regulatory Hurdles

        3. Limited Awareness

      3. Opportunities
        1. Technological Innovations

        2. Emerging Markets Growth

        3. Personalized 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 Animal Therapeutics And Diagnostics Market, By Animal, 2021 - 2031 (USD Million)
      1. Livestock

      2. Companion

    2. Global Animal Therapeutics And Diagnostics Market, By Product, 2021 - 2031 (USD Million)
      1. Therapeutic

      2. Diagnostic

    3. Global Animal Therapeutics And Diagnostics Market, By Geography, 2021 - 2031 (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. Zoetis
      2. Patterson Veterinary Supply, Inc.
      3. Abaxis
      4. Bayer AG
      5. Boehringer Ingelheim International GmbH
      6. BASF SE
      7. Elanco
      8. IDEXX Laboratories, Inc.
      9. Intervet Inc.
  7. Analyst Views
  8. Future Outlook of the Market