Pet Diagnostics Market Nears 1 Trillion As Demand Grows
The global companion animal diagnostics market is experiencing rapid growth, projected to reach $4.558 billion by 2029. Key drivers include increasing pet ownership, rising pet insurance adoption, and technological advancements. However, high costs and a shortage of veterinarians pose challenges. North America remains the largest market, while Asia-Pacific is the fastest-growing. The future will see technological innovation and intelligent solutions reshape the industry. Companies need to seize opportunities and optimize services to gain a competitive edge.
