Veterinary diagnostics are a key growth area of the animal health industry with developments in technology and processes used to identify the nature and cause of an illness or injury. An increasing interest from consumers in the wellness of their pets is seeing an increase in pet diagnostics in clinics or via reference labs. This burgeoning sector only features a small handful of companies. The US is by far the largest market, with the rest of the world not as used to regular wellness test for pets.Key facts about the global animal health diagnostics market
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Key themes affecting the diagnostics market
Consolidation is being closely monitored in the market, with acquisitions in the reference lab area that are seeing Zoetis try to compete with IDEXX and Antech.
Development areas of interest include the point-of-care testing space for pets and livestock. Innovation in this area is resulting in tests that can be carried out next to the animal and return results within minutes. This allows vets or farmers to make disease interventions much more quickly than they have been able to do previously.
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