Edit Content

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Veterinary Biomarkers Market to reach USD 2.04 billion by the end of 2030.

Global Veterinary Biomarkers Market Size Study & Forecast, by Animal Type (Companion Animals, Production Animals), by Product Type (Biomarkers, Kits & Reagents, Biomarker Readers), by Application (Disease Diagnostics, Preclinical Research, Others), by Disease Type (Inflammatory & Infectious Diseases, Cardiovascular Diseases, Skeletal Muscle Diseases, Tumor, Others) and Regional Analysis, 2023-2030

Product Code: HLSMDE-36106737
Publish Date: 4-08-2023
Page: 200

Global Veterinary Biomarkers Market is valued at approximately USD 0.79 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 12.61% over the forecast period 2023-2030. Veterinary biomarkers refer to measurable indicators or substances present in animals’ biological samples, such as blood, urine, or tissues, that is used to detect, diagnose, monitor, or predict veterinary diseases or conditions. These biomarkers include proteins, enzymes, hormones, genetic markers, metabolites, or other molecules that exhibit specific changes in response to physiological, pathological, or pharmacological processes. Additionally, the rising incidence of chronic diseases such as cancer and cardiovascular conditions in animals, coupled with the expanding population of companion animals, is a significant driver for the demand for veterinary biomarker.

The veterinary biomarkers market is driven by the expansion of product offerings, higher expenditure on animal healthcare, and increased pet adoption in emerging nations. the American Pet Products Association’s 2023 report stated thatin the United States, the pet industry expenditure increased from USD 90.5 billion in 2018 to USD 136.8 billion in 2022, with a projected further increase to USD 143.6 billion by the end of 2023. Similarly, according to FEDIAF in 2020, in Europe, substantial spending on pet-related services and products, totaled for 21.2 billion. Moreover, growth in the veterinary biomarkers market is being fueled by R&D efforts undertaken by major companies to enhance their biomarker portfolios. Furthermore, the increasing rates of pet adoption are serving as additional factors that contribute to the market’s growth. However, the high cost associated with biomarker development and commercialization and the limited availability of standardized biomarker assays stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Veterinary Biomarkers Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the significant adoption of companion animals and substantial annual expenditure on pet care. The increasing presence of licensed and trained veterinarians in countries, along with the growing number of veterinary clinics, serves as another catalyst for the market’s growth. Asia Pacific is expected to fastest growing during the forecast period, this growth is attributed to factors such as increased animal healthcare expenditure, rising disposable income in key markets, and growing awareness of biomarkers in veterinary practices. The growing demand for accurate and timely disease diagnosis, as well as the trend of pet humanization in developing countries such as India, are the further factors that are contributing to the regional market’s expansion.

Major market players included in this report are:
Zoetis Services LLC
Veterinary Biomarkers, Inc.
Merck & Co., Inc.
IDEXX Laboratories, Inc.
MI:RNA Diagnostics Ltd
Mercodia AB
Antech Diagnostics, Inc.
Vimian Group
Recent Developments in the Market:
Ø In June 2023, IDEXX Laboratories, Inc., a renowned innovator in pet healthcare, recently introduced the world’s first veterinary diagnostic test designed specifically for detecting kidney injury in both cats and dogs.
Ø In February 2022, VMRD, Inc., a leading developer and manufacturer of veterinary diagnostic test kits and reagents, recently expanded its molecular product line by introducing nucleic acid extraction kits for gene sequencing and gene expression studies in animals. This kit enables rapid and efficient preparation of highly pure viral nucleic acids from various sample types such as tissue homogenates, swabs, serum, and plasma.
Global Veterinary Biomarkers Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Animal Type, Product Type, Application, Disease Type, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Animal Type:
Companion Animals
Production Animals

By Product Type:
Biomarkers, Kits & Reagents
Biomarker Readers

By Application:
Disease Diagnostics
Preclinical Research

By Disease Type:
Inflammatory & Infectious Diseases
Cardiovascular Diseases
Skeletal Muscle Diseases

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Veterinary Biomarkers Market, by Region, 2020-2030 (USD Billion)
1.2.2. Veterinary Biomarkers Market, by Animal Type, 2020-2030 (USD Billion)
1.2.3. Veterinary Biomarkers Market, by Product Type, 2020-2030 (USD Billion)
1.2.4. Veterinary Biomarkers Market, by Application, 2020-2030 (USD Billion)
1.2.5. Veterinary Biomarkers Market, by Disease Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Veterinary Biomarkers Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Veterinary Biomarkers Market Dynamics
3.1. Veterinary Biomarkers Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing incidence of chronic diseases in animals Growing population of companion animals
3.1.2. Market Challenges High cost of veterinary biomarkers development Limited availability of standardized biomarker assays
3.1.3. Market Opportunities Increasing R&D activities undertaken by major companies Increasing rates of pet adoption
Chapter 4. Global Veterinary Biomarkers Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Veterinary Biomarkers Market, by Animal Type
5.1. Market Snapshot
5.2. Global Veterinary Biomarkers Market by Animal Type, Performance – Potential Analysis
5.3. Global Veterinary Biomarkers Market Estimates & Forecasts by Animal Type 2020-2030 (USD Billion)
5.4. Veterinary Biomarkers Market, Sub Segment Analysis
5.4.1. Companion Animals
5.4.2. Production Animals
Chapter 6. Global Veterinary Biomarkers Market, by Product Type
6.1. Market Snapshot
6.2. Global Veterinary Biomarkers Market by Product Type, Performance – Potential Analysis
6.3. Global Veterinary Biomarkers Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
6.4. Veterinary Biomarkers Market, Sub Segment Analysis
6.4.1. Biomarkers, Kits & Reagents
6.4.2. Biomarker Readers
Chapter 7. Global Veterinary Biomarkers Market, by Application
7.1. Market Snapshot
7.2. Global Veterinary Biomarkers Market by Application, Performance – Potential Analysis
7.3. Global Veterinary Biomarkers Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Veterinary Biomarkers Market, Sub Segment Analysis
7.4.1. Disease Diagnostics
7.4.2. Preclinical Research
7.4.3. Others
Chapter 8. Global Veterinary Biomarkers Market, by Disease Type
8.1. Market Snapshot
8.2. Global Veterinary Biomarkers Market by Disease Type, Performance – Potential Analysis
8.3. Global Veterinary Biomarkers Market Estimates & Forecasts by Disease Type 2020-2030 (USD Billion)
8.4. Veterinary Biomarkers Market, Sub Segment Analysis
8.4.1. Inflammatory & Infectious Diseases
8.4.2. Cardiovascular Diseases
8.4.3. Skeletal Muscle Diseases
8.4.4. Tumor
8.4.5. Others
Chapter 9. Global Veterinary Biomarkers Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Veterinary Biomarkers Market, Regional Market Snapshot
9.4. North America Veterinary Biomarkers Market
9.4.1. U.S. Veterinary Biomarkers Market Animal Type breakdown estimates & forecasts, 2020-2030 Product Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 Disease Type breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Veterinary Biomarkers Market
9.5. Europe Veterinary Biomarkers Market Snapshot
9.5.1. U.K. Veterinary Biomarkers Market
9.5.2. Germany Veterinary Biomarkers Market
9.5.3. France Veterinary Biomarkers Market
9.5.4. Spain Veterinary Biomarkers Market
9.5.5. Italy Veterinary Biomarkers Market
9.5.6. Rest of Europe Veterinary Biomarkers Market
9.6. Asia-Pacific Veterinary Biomarkers Market Snapshot
9.6.1. China Veterinary Biomarkers Market
9.6.2. India Veterinary Biomarkers Market
9.6.3. Japan Veterinary Biomarkers Market
9.6.4. Australia Veterinary Biomarkers Market
9.6.5. South Korea Veterinary Biomarkers Market
9.6.6. Rest of Asia Pacific Veterinary Biomarkers Market
9.7. Latin America Veterinary Biomarkers Market Snapshot
9.7.1. Brazil Veterinary Biomarkers Market
9.7.2. Mexico Veterinary Biomarkers Market
9.8. Middle East & Africa Veterinary Biomarkers Market
9.8.1. Saudi Arabia Veterinary Biomarkers Market
9.8.2. South Africa Veterinary Biomarkers Market
9.8.3. Rest of Middle East & Africa Veterinary Biomarkers Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Zoetis Services LLC Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Virbac
10.3.3. Veterinary Biomarkers, Inc.
10.3.5. Merck & Co., Inc.
10.3.6. IDEXX Laboratories, Inc.
10.3.7. MI:RNA Diagnostics Ltd
10.3.8. Mercodia AB
10.3.9. Antech Diagnostics, Inc.
10.3.10. Vimian Group
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now