Veterinary Diagnostics Market Size to Reach USD 168.88 Billion by 2032
The global veterinary diagnostics market size was USD 53.6 Billion in 2022 and is expected to register a revenue CAGR of 13.6% over the forecast period, according to the latest report by Reports and Data. In order to ensure food safety, there is an increased need for effective diagnosis and control of animal illnesses due to the rising demand for commodities produced from animals, such as milk, meat, and eggs. Moreover, the introduction of innovative diagnostic procedures and equipment that provide rapid and precise findings is another driver driving market revenue growth. For example, Point-Of-Care Testing (POCT) instruments have grown in popularity since they allow for the rapid and accurate diagnosis of a wide range of animal illnesses while saving time and money when compared to traditional laboratory testing. Another factor driving market revenue growth is the rising use of in-house diagnostic testing equipment, which allows veterinarians to conduct tests in their...