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Veterinary Molecular Diagnostics Market - Growth, Trends, and Forecasts (2020 - 2025)

  • ID: 5175931
  • Report
  • August 2020
  • Region: Global
  • 114 Pages
  • Mordor Intelligence


  • Biochek BV
  • Biomerieux SA
  • Bioneer Corporation
  • Idexx Laboratories Inc.
  • Ingenetix GmbH
  • Neogen Corporation
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.

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.

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.

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.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown


  • Biochek BV
  • Biomerieux SA
  • Bioneer Corporation
  • Idexx Laboratories Inc.
  • Ingenetix GmbH
  • Neogen Corporation

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in Prevalence of Animal Diseases
4.2.2 Increase in Demand for Animal-derived Proteins
4.2.3 Growth in Animal Health Expenditure
4.3 Market Restraints
4.3.1 Lack of Skilled Personnel
4.3.2 High Cost of Diagnostic Tests
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 By Product
5.1.1 Instruments
5.1.2 Kit and Reagents
5.1.3 Software and Services
5.2 By Application
5.2.1 Infectious Diseases
5.2.2 Genetics
5.2.3 Other Applications
5.3 By Technology
5.3.1 PCR
5.3.2 Microarray
5.3.3 DNA Sequencing
5.4 Geography
5.4.1 North America United States Canada Mexico
5.4.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
5.4.3 Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific
5.4.4 Middle-East & Africa GCC South Africa Rest of Middle-East & Africa
5.4.5 South America Brazil Argentina Rest of South America
6.1 Company Profiles
6.1.1 Biochek BV
6.1.2 Biomerieux SA
6.1.3 Bioneer Corporation
6.1.4 Idexx Laboratories Inc.
6.1.5 Ingenetix GmbH
6.1.6 Neogen Corporation
6.1.7 Thermo Fischer Scientific Inc.
6.1.8 Veterinary Molecular Diagnostics Inc.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Biochek BV
  • Biomerieux SA
  • Bioneer Corporation
  • Idexx Laboratories Inc.
  • Ingenetix GmbH
  • Neogen Corporation
  • Thermo Fischer Scientific Inc.
  • Veterinary Molecular Diagnostics Inc.
Note: Product cover images may vary from those shown