North America Veterinary Biomarkers Market Size & Outlook
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North America veterinary biomarkers market highlights
- The North America veterinary biomarkers market generated a revenue of USD 328.0 million in 2023.
- The market is expected to grow at a CAGR of 12.4% from 2024 to 2030.
- In terms of segment, companion animals was the largest revenue generating animal type in 2023.
- Companion Animals is the most lucrative animal type segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 328.0 million |
| Market revenue in 2030 | USD 741.5 million |
| Growth rate | 12.4% (CAGR from 2023 to 2030) |
| Largest segment | Companion animals |
| Fastest growing segment | Companion Animals |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Companion Animals, Production Animals |
| Key market players worldwide | Zoetis, Virbac SA, Merck & Co Inc, IDEXX Laboratories Inc, Avacta Group PLC, Life Diagnostics, Mercodia, Antech Diagnostics |
Other key industry trends
- In terms of revenue, North America region accounted for 36.9% of the global veterinary biomarkers market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 379.2 million by 2030.
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Veterinary Biomarkers Market Scope
Veterinary Biomarkers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Mercodia | View profile | 51-100 | Uppsala, Uppsala Lan, Sweden, Europe | http://www.mercodia.com |
| Life Diagnostics | View profile | 1-10 | West Chester, Pennsylvania, United States, North America | http://lifediagnostics.com |
| Avacta Group PLC | View profile | 113 | Unit 20, Ash Way, Thorp Arch Estate, West Yorkshire, Wetherby, United Kingdom, LS23 7FA | https://www.avacta.com |
| Zoetis | View profile | 10001+ | Parsippany, New Jersey, United States, North America | https://www.zoetis.com |
| Antech Diagnostics | View profile | 1001-5000 | Irvine, California, United States, North America | https://www.antechdiagnostics.com |
| IDEXX Laboratories Inc | View profile | 11000 | One IDEXX Drive, Westbrook, ME, United States, 04092 | https://www.idexx.com |
| Merck & Co Inc | View profile | 72000 | 126 East Lincoln Avenue, Rahway, NJ, United States, 07065 | https://www.merck.com |
| Virbac SA | View profile | 5400 | 2065m LID, 1 ere avenue, Carros, France, 06516 | https://www.virbac.com |
North America veterinary biomarkers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to veterinary biomarkers market will help companies and investors design strategic landscapes.
Companion animals was the largest segment with a revenue share of 69.12% in 2024. Horizon Databook has segmented the North America veterinary biomarkers market based on companion animals, production animals covering the revenue growth of each sub-segment from 2018 to 2030.
North America held a 41.28% share of the veterinary biomarkers market in 2024. The high share of the region is due to the significant presence of key players, the adoption of various strategies initiated by key companies to increase market penetration, rising research activities, rising diagnostic rates, and increasing animal population & vet care expenditure.
The growing number of veterinary clinics with licensed and trained veterinarians in the countries is another factor that boosts the growth of the market. According to the AVMA, in 2023, nearly 127,131 licensed veterinarians were estimated in the U.S., and they majorly catered to companion animal patients.
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Target buyers of North America veterinary biomarkers market databook
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Our clientele includes a mix of veterinary biomarkers market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America veterinary biomarkers market , including forecasts for subscribers. This continent databook contains high-level insights into North America veterinary biomarkers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America veterinary biomarkers market size, by country, 2018-2030 (US$M)
North America Veterinary Biomarkers Market Outlook Share, 2024 & 2030 (US$M)
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