Companion Animal Diagnostic Market Forecasts Growth from $3.56B (2026) to $5.40B by 2031, Profiling IDEXX Laboratories & Zoetis
Dublin, Sept. 24, 2026 (GLOBE NEWSWIRE) -- "Companion Animal Diagnostic Market by Product, Technology, Animal Type, Application, End User - Global Forecast to 2031" has been added to ResearchAndMarkets.com's offering.
The global companion animal diagnostics market is projected to grow from USD 3.56 billion in 2026 to USD 5.40 billion by 2031, registering a compound annual growth rate of 8.7%. Market expansion is being supported by rising companion animal populations, increased animal healthcare spending, greater demand for pet insurance, and the veterinary sector's shift toward preventive care and precision medicine.
Veterinary healthcare organizations are adopting sophisticated diagnostic platforms to improve testing accuracy, speed and operational efficiency. Demand is increasing for targeted, data-driven diagnostic solutions that support early disease detection and individualized treatment. AI-powered data analysis, predictive analytics, real-time monitoring and cloud-based systems are also accelerating investment in innovative, high-quality and GMP-compliant diagnostic platforms.
The increasing prevalence of chronic, infectious and age-related diseases among domesticated pets is strengthening demand for rapid and efficient diagnostic services. Veterinary hospitals, clinics and laboratories are increasingly working with specialty diagnostic companies to manage higher case volumes through high-throughput testing, molecular diagnostics and imaging capabilities. Automated analyzers, point-of-care testing and AI-supported interpretation are improving turnaround times, expanding available testing and advancing diagnostic accuracy.
Molecular Diagnostics to Register the Highest CAGR
By technology, molecular diagnostics is expected to record the highest CAGR during the forecast period. Its growth reflects the need for accurate detection of infectious diseases, genetic disorders and cancers in companion animals. Advances in polymerase chain reaction, next-generation sequencing and liquid biopsy are enabling veterinarians to identify complex conditions that were previously difficult to diagnose. The expanding use of precision veterinary medicine is further increasing demand for diagnostic methods that inform tailored treatment plans.
Consumables Held the Largest Market Share in 2025
By product, consumables accounted for the largest share of the companion animal diagnostics market in 2025. Reagents, test kits and diagnostic strips remain essential to routine procedures performed in veterinary laboratories and animal health centers, including blood testing and urinalysis. The widespread adoption of point-of-care and in-house testing creates recurring demand for these products. Increased testing volumes and the continued transition toward preventive screening are expected to sustain the segment's leading position.
Asia Pacific Forecast to Deliver the Fastest Regional Growth
Asia Pacific is expected to register the highest growth rate during the forecast period. Expansion is being driven by rising pet ownership, increased spending on companion animals, stronger awareness of animal health and improving purchasing power among pet owners. Greater adoption of point-of-care testing and molecular diagnostics is helping address demand for accessible, high-quality services. Investments in veterinary healthcare infrastructure and broader animal insurance coverage are also supporting regional market growth.
Primary Research Interview Breakdown
Supply-side primary interviews were conducted across company types, professional designations and regions:
Demand-side primary interviews represented major end users, decision-makers and geographic markets:
Companion Animal Diagnostics Market Research Coverage
The study evaluates the market by product, technology, application, animal type, end user and region. It estimates market size and growth potential while providing competitive analysis of leading market participants. Coverage includes company profiles, product and business offerings, market strategies, distribution networks, manufacturing capabilities, market shares and recent industry developments.
The report examines major growth drivers, including expansion of the companion animal population, rising pet insurance demand and increased animal healthcare spending. It also assesses restraints such as the high cost of diagnostic devices, stringent regulations and lengthy product approval processes.
Key opportunities include growing demand for rapid tests, portable point-of-care diagnostic instruments, and the integration of artificial intelligence and machine learning to enhance disease diagnosis. Market challenges include shortages of veterinary practitioners in emerging economies and barriers preventing smaller clinics from adopting advanced diagnostic systems.
Strategic Value for Market Participants
The report is designed to help established companies, emerging businesses and smaller firms understand companion animal diagnostics market trends and identify opportunities to increase market share. It provides detailed intelligence in five strategic areas:
As veterinary practices modernize and demand for timely, accurate and personalized animal healthcare increases, molecular diagnostics, point-of-care platforms, consumables, automation, AI and cloud-connected technologies are expected to remain central to the future of the global companion animal diagnostics market.
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For more information about this report visit https://www.researchandmarkets.com/r/yvn26r
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