Diagnostics are the crucial link between the two key strategies for good health, prevention and treatment. Animal diagnostics are critical for animal health, identifying health issues before they are otherwise able to be detected and supporting faster diagnosis and treatment planning. The global animal therapeutics and diagnostics market size is projected to grow by USD 23 billion from 2022 to 2028, registering a CAGR of 6.1 percent, according to a new report by Gen Consulting Company.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global animal therapeutics and diagnostics market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the animal therapeutics and diagnostics industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, end user, and region. The global market for animal therapeutics and diagnostics can be segmented by product: diagnostics, feed additives, therapeutics, vaccines. According to the research, the therapeutics segment had the largest share in the global animal therapeutics and diagnostics market. Animal therapeutics and diagnostics market is further segmented by end user: companion animals, production animals. In 2021, the production animals segment made up the largest share of revenue generated by the animal therapeutics and diagnostics market. Based on region, the animal therapeutics and diagnostics market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW). Among these, North America was accounted for the highest revenue generator in 2021.

By product:
– diagnostics
– feed additives
– therapeutics
– vaccines

By end user:
– companion animals
– production animals

By region:
– Asia Pacific
– Europe
– North America
– Rest of the World (RoW)

The diagnostics market is further segmented into analyzers and consumables, imaging equipment and related, rapid test kits. Gen Consulting Company research indicates that the analyzers and consumables segment occupied the largest share of this market in 2021 and is expected to draw the highest demand in coming years. Furthermore, the pharmaceuticals/therapeutics market has been categorized into allergy and respiratory drugs, anti-infectives, anti-inflammatories and analgesics, metabolic drugs, parasiticides, psychotropics, others. Globally, the parasiticides segment made up the largest share of the animal therapeutics and diagnostics market. The feed additives market is further divided into amino acids, medicinal additives, nutritional supplements, vitamins and minerals. The amino acids segment was the largest contributor to the global animal therapeutics and diagnostics market in 2021.

The report explores the recent developments and profiles of key vendors in the Global Animal Therapeutics and Diagnostics Market, including Ajinomoto Co., Inc., BASF SE, Bayer AG, Boehringer Ingelheim GmbH, China National BlueStar (Group) Co, Ltd., DSM Nutritional Products AG, Elanco Animal Health Incorporated, Evonik Industries AG, IDEXX Laboratories, Inc., Merck Animal Health, The Mosaic Company, Virbac SA, Zoetis Inc., among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report
– To analyze and forecast the market size of the global animal therapeutics and diagnostics market.
– To classify and forecast the global animal therapeutics and diagnostics market based on product, end user, region.
– To identify drivers and challenges for the global animal therapeutics and diagnostics market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global animal therapeutics and diagnostics market.
– To identify and analyze the profile of leading players operating in the global animal therapeutics and diagnostics market.

Why Choose This Report
– Gain a reliable outlook of the global animal therapeutics and diagnostics market forecasts from 2022 to 2028 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.