Veterinary Molecular Diagnostics Market Growth and Competition Analysis 2032

In 2022, the global Veterinary Molecular Diagnostics Market is expected to be worth US$ 182.1 million. With the adoption of multiple testing panels and the increasing consolidation in the veterinary diagnostics industry, the overall demand for Veterinary Molecular Diagnostics is expected to grow at a CAGR of 6.84% between 2022 and 2032, totaling approximately US$ 352.8 Million by 2032. Factors such as the global increase in pet animal population, increased animal health spending, and advancements in veterinary molecular diagnostics are expected to drive the growth of the veterinary molecular diagnostics market during the analysis period. Developments in the animal farming industry, as well as changing societal attitudes toward pet animals, have increased demand for quick and dependable diagnostic techniques. Molecular diagnostics have the potential to meet this increasing demand. More than 60% of the US population owned a pet/companion animal in 2018. Pets are increasingly being...