Veterinary Molecular Diagnostics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Veterinary Molecular Diagnostics Market is Segmented by Products (Instruments, Kit and Reagents, and Software and Services), Application, Technology, and Geography.

Market Snapshot

veterinary molecular diagnostics
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: North America
Largest Market: North America
CAGR: 7.5 %

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Market Overview

The veterinary molecular diagnostics is primarily driven by the growing pet animal population around the globe, increased animal health spending and advancements in veterinary molecular diagnostics.

Developments in the animal farming sector and changing societal attitude toward pet animals have resulted in an increased demand for fast and reliable diagnostic techniques. Molecular diagnostics possess the potential to address this growing demand.  

As of 2018, more than 60% of the US population owned a pet/companion animal. There is an increasing trend of treating pets as family members, which has increased the healthcare demands for veterinary applications. The increasing pet population is one of the reasons for the rising health expenditure on animals, globally. 

As per the estimates of the American Pet Products Association, the total American pet industry expenditure is expected to reach USD 75.38 billion by end 2019, up from USD 72.56 billion in 2018. The rise in animal health expenditure is expected to drive the growth of the veterinary molecular diagnostics market, as a significant portion of pet owners are expected to use advanced diagnostic modalities for animals, for various disease conditions.

Furthermore, there is an increase in the livestock population, owing to the huge demand for animal-derived products. This is expected to increase the demand for molecular diagnostic tests in the next coming years.

Scope of the Report

Veterinary molecular diagnostics refer to the molecular diagnostic techniques that are employed to analyze samples originating from animals (companion, domestic, etc.). Veterinary molecular diagnostics primarily focuses on the detection, identification, and genotyping of pathogens.

By Product
Kit and Reagents
Software and Services
By Application
Infectious Diseases
Other Applications
By Technology
DNA Sequencing
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle-East & Africa
South Africa
Rest of Middle-East & Africa
South America
Rest of South America

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Key Market Trends

The Kits and Reagents Segment is Expected to Register Robust Growth During The Forecast Period

  • Majority of the commercial products in the global veterinary molecular diagnostics market are available in the form of kits. These kits are predominantly based on PCR techniques and help in the screening of a family of related disorders. 
  • The kits based on microarrays are steadily increasing their market share. Over the forecast period, many products based on immune-assays are expected to receive marketing approval. There are several assays linked to pathogen and viruses detection, which are combined with the PCR techniques, such as Porcine Epidemic Diarrhea Virus (PEDv), Porcine Deltacoronavirus (PDCoV), and Transmissible Gastroenteritis Virus (TGEV). 
  • Moreover, companies are involved in the development of the veterinary diagnostics kits and launching new products, this is likely to expand the segment growth. in September 2019, CEVA partners with Biotecon Diagnostics to introduce a real-time test kit to fight the growing problem of salmonella on pig farms 
  • However, over the forecast period, the kits and reagent segment is poised to register rapid growth, due to the growing trend of performing tests at the large scale across multiple hospitals.
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North America is Expected to Retain the Largest Share in the Market

North America veterinary molecular diagnostics market is projected to have the largest share over the forecast period. Additionally, the North American region is expected to exhibit the highest growth rate over the forecast period. This is primarily due to the increasing trend of pet ownership in the region and rising demand for animal-based proteins in the region. The United States is expected to retain its significant market share, owing to factors, such as rising pet adoption and increasing per capita animal healthcare expenditure. In addition, the rise in the prevalence of various animal diseases and injuries has been identified as the major factor fueling the market growth.

Veterinary Molecular Diagnostics Market - Growth Rate by Region - Image

Competitive Landscape

The market players in veterinary molecular diagnostics are focusing on R&D and new product launches to expand their market share. The key market players include, Biomerieux SA, Ingenetix GmbH, Idexx Laboratories Inc., Neogen Corporation and Thermo Fischer Scientific Inc. among others.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rise in Prevalence of Animal Diseases

      2. 4.2.2 Increase in Demand for Animal-derived Proteins

      3. 4.2.3 Growth in Animal Health Expenditure

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Skilled Personnel

      2. 4.3.2 High Cost of Diagnostic Tests

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 By Product

      1. 5.1.1 Instruments

      2. 5.1.2 Kit and Reagents

      3. 5.1.3 Software and Services

    2. 5.2 By Application

      1. 5.2.1 Infectious Diseases

      2. 5.2.2 Genetics

      3. 5.2.3 Other Applications

    3. 5.3 By Technology

      1. 5.3.1 PCR

      2. 5.3.2 Microarray

      3. 5.3.3 DNA Sequencing

    4. 5.4 Geography

      1. 5.4.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.4.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.4.4 Middle-East & Africa

        1. GCC

        2. South Africa

        3. Rest of Middle-East & Africa

      5. 5.4.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 Biochek BV

      2. 6.1.2 Biomerieux SA

      3. 6.1.3 Bioneer Corporation

      4. 6.1.4 Idexx Laboratories Inc.

      5. 6.1.5 Ingenetix GmbH

      6. 6.1.6 Neogen Corporation

      7. 6.1.7 Thermo Fischer Scientific Inc.

      8. 6.1.8 Veterinary Molecular Diagnostics Inc.

    2. *List Not Exhaustive

**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Veterinary Molecular Diagnostics Market market is studied from 2018 - 2026.

The Veterinary Molecular Diagnostics Market is growing at a CAGR of 7.5% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Biomerieux SA, Ingenetix GmbH, Idexx Laboratories Inc., Neogen Corporation, Thermo Fischer Scientific Inc. are the major companies operating in Veterinary Molecular Diagnostics Market.

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