Increasing number of pets worldwide is expected to drive market expansion in the near future at a CAGR of 16.00% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published on the “Global Veterinary Digital Pathology Market”.

The veterinary digital pathology market is estimated to register a CAGR of 16.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global veterinary digital pathology market - IDEXX Laboratories Inc., VCA Inc., Zoetis Inc., Heska Corporation, Philips Healthcare, Leica Biosystems Nussloch GmbH (Danaher Corporation), Agfa-Gevaert Group, Sakura Finetek USA Inc., Hamamatsu Photonics K.K., and Indica Labs Inc.

Veterinary Digital Pathology Market Highlights

The global veterinary digital pathology market is accounted to register a CAGR of 16.00% during the forecast period and is estimated to reach USD 1.3 billion by 2032.

The growing pet adoption in established countries, as well as emerging nations, is expected to be the primary driver of the veterinary digital pathology market. Therefore, growth in this market is certain. Additionally, technological advancements, the growing demand for improved diagnostic tools in veterinary medicine, and the growing adoption of digital healthcare solutions are driving the veterinary digital pathology market. For organizing, evaluating, and digitizing slides, it offers a range of software and hardware solutions, including slide scanners.

Segment Analysis

The global veterinary digital pathology market has been segmented into product type, application, animal type, and end user.

On the basis of product type, the market is segmented into Whole Slide Imaging Systems, Image Analysis Software, and Storage and Communication Systems. The whole slide imaging systems segment was attributed to holding the largest market share in 2023. Whole Slide Imaging Systems are crucial to this industry because of their capacity to digitize entire glass slides, which can subsequently be inspected and analyzed using specialized software. This technique has led to advancements in the application of digital pathology in various fields, including toxicologic pathology and drug development.

Based on application, the global veterinary digital pathology market has been segmented into Diagnosis and Research. The diagnosis segment was expected to hold the largest market share in 2023, driven by advances in technology, a growing demand for accurate diagnostic tools, and the expanding use of digital healthcare solutions in the veterinary industry.

Based on animal type, the global veterinary digital pathology market has been segmented into Companion Animals, Livestock Animals, and Exotic Animals. The companion animals segment was expected to hold the largest market share in 2023 due to the increasing global trend of pet parenting, which is brought about by the number of animals that are approved as pets globally and the growing appeal of pet owners who see their animals as part of their families.

Based on end user, the global veterinary digital pathology market has been segmented into Veterinary Hospitals and Clinics, Veterinary Reference Laboratories, and Veterinary Research Institutes. The veterinary hospitals and clinics segment was expected to hold the largest market share in 2023 because veterinary clinics and hospitals provide a variety of diagnostic options. The growing usage of advanced analyzers in veterinary hospitals for diagnostic purposes is another factor propelling the market.

Explore In-depth Market Details [Table of Content, List of Figures, List of Tables] of Veterinary Digital Pathology Market Research Report

Regional Analysis

The global veterinary digital pathology market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe veterinary digital pathology market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The veterinary digital pathology market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World veterinary digital pathology market comprises the Middle East, Africa, and Latin America.

The largest market share for veterinary digital pathology was maintained by the North American regional sector due to the existence of important firms, the use of cutting-edge digital pathology technologies, the established veterinary healthcare infrastructure, and high disposable income. Furthermore, it is anticipated that these organizations' strategic actions would keep boosting regional market expansion.

Moreover, the Europe market has been persistently growing over the forecast period. It is expected that the area's astronomically rising veterinary care costs will fuel market growth. Similarly, opportunities for healthcare and an increase in the number of projects aimed at enhancing animal health are expected to augment the region's economic potential.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. Veterinary digital pathology companies have the chance to increase their market share as a result of the growing emphasis on animal health. The need for sophisticated diagnostics is being driven by the growing trend of treating dogs like family members as metropolitan areas and lifestyles change.

Furthermore, the rest of the world's veterinary digital pathology market is divided into the Middle East, Africa, and Latin America. The global veterinary digital pathology market is expanding because of the rising incidence of chronic illnesses in animals and the increasing adoption of pets throughout the rest of the world.

Key Findings of the Study

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  The global veterinary digital pathology market is expected to reach USD 1.3 billion by 2032, at a CAGR of 16.00% during the forecast period.

  
  


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  The Asia-Pacific region accounted for the fastest-growing global market due to the rising emphasis on animal health.

  
  


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  Based on animal type, the companion animals segment was attributed to holding the largest market in 2023, with an approximate market share of 45%.

  
  


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  IDEXX Laboratories Inc., VCA Inc., Zoetis Inc., Heska Corporation, Philips Healthcare, Leica Biosystems Nussloch GmbH (Danaher Corporation), Agfa-Gevaert Group, Sakura Finetek USA Inc., Hamamatsu Photonics K.K., and Indica Labs Inc. are the key market players.