Companion Animal Diagnostics Market is projected to grow up to USD 4.2 billion by 2027 growing at a CAGR of 9.1% during the forecasting period 2021-2027. The increase of companion animal diagnostics is projected to drive in the future by the emerging use of micro fluids and miniaturization, among others supported commercialization and development of Vitro diagnostic devices and imaging systems.
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North America was estimated to share the largest regional market for companion animal diagnostics. Somehow, the Asia Pacific market is projected to grow at the highest CAGR in the forecast period because of factors such as rise in pet adoption, increased awareness about animal health, and dramatically increasing per capita animal health expenditure, specifically in India and China.
The key players includes in the global companion animal diagnostics market are IDvet, Randox Laboratories, Ltd, Mindray Medical International Limited, Skyla, Bionote Inc, Scil Animal Care Company GmbH, Unit Medical Electronic Co., Ltd, Eurolyser Diagnostica GmbH, Nova Biomedical, and Fassisi GmbH.
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