The World Market for Veterinary Diagnostics
International trade, public health, agricultural productivity, consumer confidence and companion animal-owner relationships are all dependent upon effective and increasingly specialized animal diagnostics products. In-vitro diagnostic (IVD) instrumentation and products have been extensively applied to veterinary diagnostics products in veterinary healthcare; various assay forms, analytes and analyzers are transferrable from the clinical space to the veterinary clinic and laboratory. Major veterinary diagnostic methods in mainstream healthcare – immunodiagnostics, molecular testing (including nucleic acid testing), hematology and clinical chemistry – now have standard applications in the veterinary care of companion (pets) and food animals (livestock and production animals).
The veterinary diagnostics market is best characterized preliminarily through its two primary segments: food animal (livestock and production animal) and companion animal (pets and domstic animals including horses) diagnostics. The two segments differ significantly in terms of demand drivers and primary product groups. Food animal diagnostics is lead foremost by infectious disease assays in various forms described in this report. Infectious disease is a significant component in the veterinary diagnostics, though improving standards and levels of consumer spending on companion animal care produce a much larger market for laboratory analyzers used for non-infectous disease or general health testing.
Veterinary Diagnostic Technologies and Products
Veterinary diagnostics have incorporated technologies and methods gained from human diagnostics and mainstream healthcare to develop a now full-fledged sister market that remains open to further innovation. Microfluidics, miniaturization, and information technology features supported the development and wide commercialization of point-of-care diagnostics and decentralized in vitro diagnostics devices used outside of the traditional clinical laboratory environment. The impact of these advances in veterinary diagnostics has been felt foremost in companion animal as POC and benchtop clinic analyzers permit veterinarians to perform accurate in-clinic testing, shortening the time to results and allowing direct billing for additional revenue. Food animal diagnostics remain largely confined to the labroatory due to high sensitivity requirements in notifiable animal disease testing. Industry activity related to the mareketing and demonstration of molecular POC diagnostic devices for veterinary field testing nonetheless continues to intensify with applications relating to farm biosecurity, wildlife testing, and veterinary diagnostic testing in lab resource-poor regions.
The veterinary diagnostics market includes IVD products – instruments, consumables, test reagents and test kits – for the diagnosis of disease and health conditions in household pets (primarily dogs and cats) as well as horses. Market performance is determined by veterinary diagnostics product demand from veterinary clinics, hospitals, reference labs, and governmental and research laboratories such as those found at universities and associated with government agricultural and animal health authorities. Diagnostic testing products performed by pet owners – such as pet blood glucose meters and strips, pregnancy and ovulation tests, and urinalysis strips and cups – are also included in the companion animal diagnostics market.
Global Veterinary Diagnostics Market Segments include:
- Clinical chemistry analyzer systems (instruments and consumables)
- Infectious disease immunodiagnostics (reagents, assays and test kits)
- Hematology analyzer systems (instruments and consumables for complete blood counts and differentials)
- Other analyzer systems (immunoassay readers [instrument only], critical care and POC, coagulation, urinalysis analyzer systems and consumables)
- Non-infectious disease immunodiagnostics (reagents, assays and test kits for endocrinal, digestive, autoimmune and other organ system conditions and disorders)
- Molecular diagnostics (reagents, reagent kits, test kits)
- Other testing (test-specific consumables primarily in histology and microbiology)
The veterinary diagnostics market includes primarily immunodiagnostic test kits, molecular test kits, reagents, other consumables, instruments and other supplies for disease diagnosis in livestock and production animals, commonly cattle, sheep, goats, rams, pigs, and poultry. The report scope also includes diagnostic testing on wildlife populations such as fowl, buffalo, deer, elk, moose and boar that are capable of transmitting diseases to human or food animal populations. The performance of the food animal diagnostics market is determined by the prevalence of infectious food animal diseases in a country or global region.
Major Product Segments in the Food Animal Diagnostics Industry include:
- Immunodiagnostic test kits, reagents and other supplies
- Molecular diagnostic test kits, reagents and other supplies (includes polymerase chain reaction [PCR], microarray, and genotyping kits)
- Clinical chemistry, hematology, blood gas and electrolyte analysis (instruments and consumables)
- Other infectious disease test reagents (microbiology cultures for characterization and identification, histology stains)
Kalorama Information’s report, The World Market for Veterinary Diagnostics, also looks at the contextual market factors that have led to the more routine integration of veterinary diagnostics testing prdoucts in veterinary healthcare:
- Correlation of volume of veterinary practice and animal hospital visits with in-clinic and reference lab testing activity
- Consumer behavior and spending trends relating to companion animal ownership
- Companion animal-owner relationships and the marketing efforts of the animal health industry
- Development of the North American pet insurance market
- Longer life expectancies for companion animals
- The stability higher-income households inject into veterinary diagnostics demand
Veterinary Diagnostics Companies Profiled include:
- Abaxis Corporation
- Heska Corporation
- IDEXX Laboratories Inc.
- Life Technologies Corporation (Thermo Fisher)
- Prionics AG (Thermo Fisher)
- Other Market Participants