市场调查报告书
商品编码
1576960
动物医疗诊断的印度市场评估:各产品类型,各技术,各动物类型,各用途,各终端用户,各地区,机会,预测(2018年度~2032年度)India Veterinary Diagnostics Market Assessment, By Product, By Technology, By Animal Type, By Application, By End-user, By Region, Opportunities and Forecast, FY2018-FY2032F |
印度兽医医疗诊断市场规模预计将从 2024 财年的 2.2461 亿美元增至 2032 财年的 4.6011 亿美元,在 2025 财年至 2032 财年的预测期内复合年增长率为 9.38%。动物数量的增加、新产品和新技术的推出、政府措施的增加以及对预防性医疗保健日益增长的偏好正在支持市场成长。此外,日本执业兽医数量的增加也支持了市场的成长。根据印度兽医委员会(VCI)估计,截至 2023 年 3 月,该国有 81,938 名註册执业兽医。
政府致力于透过建立品质标准和监管支援来改善兽医卫生部门,预计将支持市场扩张。政府也采取各种措施,确保兽医医疗诊断符合国际品质标准,提高其可靠性,并确保在国内得到更多采用。此外,各动物福利组织透过支持国内兽医院建设来加强提供优质护理的努力预计也将增加对兽医医疗诊断的需求。 2024 年 8 月,动物照护组织 (TACO) 在哈里亚纳邦开设了一家兽医医院。 TACO 新升级的设施使需要诊断测试或手术的动物能够接受全面、快速的治疗,而无需被运送到其他地方。这家兽医医院拥有一间手术室和五名经验丰富的兽医和外科医生,致力于治疗和诊断动物的各种严重和复杂的医疗状况。此外,医院还拥有配备血液分析仪和先进生化检测设备的实验室,支援兽医进行先进的诊断检测。此类措施和设施预计将增加该国对兽医医疗诊断产品的需求,并为市场创造利润丰厚的成长机会。
本报告提供印度的动物医疗诊断市场相关调查分析,提供市场规模与预测,市场动态,主要企业的形势等资讯。
India veterinary diagnostics market is projected to witness a CAGR of 9.38% during the forecast period FY2025-FY2032, growing from USD 224.61 million in FY2024 to USD 460.11 million in FY2032. The rising adoption of animals supports the growth of the market, the introduction of novel products and technologies, increasing efforts by the government, and increasing preference for preventive healthcare. Additionally, the increasing number of veterinary practitioners in the country supports the growth of the Indian veterinary diagnostics market. As per the Veterinary Council of India (VCI) estimates, as of March 2023, there are 81,938 registered veterinary practitioners in the country.
The government's commitment to improving the animal healthcare sector through establishing quality standards and regulatory support is expected to support the market's expansion. The government is also taking various measures to ensure the compliance of veterinary diagnostic products with international quality standards, improving their credibility and ensuring their increased adoption in the country. Additionally, the rising efforts of different animal care organizations to bolster the provision of high-quality care by supporting the construction of veterinary hospitals in the country are also expected to augment the demand for veterinary diagnostic products. In August 2024, the Animal Care Organization (TACO) inaugurated a veterinary hospital in Haryana. The newly upgraded TACO facility will allow animals needing diagnostic tests and surgeries to receive comprehensive and prompt care without being transported elsewhere. The veterinary hospital is equipped with an operating theatre and has employed five experienced veterinarians and surgeons to treat and diagnose various critical and complex medical conditions in animals. The hospital also has an in-house laboratory containing a hematology analyzer and an advanced biochemistry machine to aid veterinarians with advanced diagnostic tests. Such efforts and institutions are expected to bolster the country's requirement for veterinary diagnostic products and provide lucrative growth opportunities for the market.
Novel Product Launches Support Market Expansion
The rising efforts of the leading market players towards the introduction of novel technologies and products in the country are propelling the Indian veterinary diagnostics market size. The market's key players are increasingly focusing on developing diagnostic solutions that are equipped to meet the requirements of the Indian veterinary sector and enhance diagnostic accuracy. In February 2023, Thermo Fisher Scientific, Inc. launched real-time PCR kits in India for detecting infectious diseases. The kits are designed to deliver reliability and confidence for diagnostic testing and development by Thermo Fisher, which has received licensing rights from the Central Drugs Standard Control Organization (CDSCO). The kit is designed to reduce wait time and empower veterinarians to make swift treatment decisions, increasing the popularity of advanced veterinary diagnostic solutions and improving treatment outcomes. Such launches are expected to enhance confidence in novel diagnostic solutions, positively influencing the market's expansion.
Rising Government Efforts Boster Market Growth
The government is increasing efforts to improve the health and well-being of animals as they recognize the significance of maintaining animal health, allowing advanced solutions to be available, improving animal healthcare standards, and ensuring livestock productivity. In December 2023, the Union Minister of Fisheries, Animal Husbandry, and Dairying inaugurated the "Animal Health Conclave" in New Delhi to explore precision diagnostics and cutting-edge vaccines in the animal health sector. Such efforts are expected to address the different challenges faced by Indian livestock and support the development of innovative approaches for veterinary diagnostics, shaping the animal health sector with precision and innovation. Additionally, the government is working towards training programs and awareness campaigns to increase the understanding of the utilization and importance of veterinary diagnostic solutions among pet owners and farmers in combating and curbing the threat of different animal diseases.
Companion Animals Hold Major Market Share
The growing adoption of companion animals can be attributed to many factors, including changing lifestyles and increasing urbanization, growing awareness about pet care, increasing disposable incomes, and the rising influence of social media. As more families and individuals move to urban locations, companion animals' need for companionship and emotional support rises. Additionally, due to the emotional attachment to companion animals, various pet owners invest significantly in their health and well-being, including vaccinations, regular check-ups, and diagnostic tests, bolstering the Indian veterinary diagnostics market growth. Various pet care centers are also being constructed across the country to meet the rising demand for veterinary diagnostic and imaging solutions. In March 2023, the Hermoine Duncan Reddy Foundation (HDRF) announced plans to set up a center in Hyderabad. Having five pet care centers in the United States, the foundation plans to establish a reference and diagnostic laboratory and a hospital dedicated to animals in India. Such projects are expected to bolster the demand for different veterinary diagnostic solutions in the country and provide lucrative growth opportunities to the market.
Veterinary Hospitals and Clinics Account for a Significant Share of the Market
The rising investments in veterinary hospitals and clinics due to increasing pet ownership, growing focus on preventive health, and rising awareness about zoonotic diseases are propelling the expansion of the segment. Construction of veterinary hospitals and clinics in the country is increasing as they act as primary touch points for livestock farmers and pet owners seeking treatment for their animals. These institutions are well-equipped with point-of-care testing devices, imaging systems, laboratory equipment, and different diagnostic tools. Thus, providing services is essential for monitoring animals' health conditions and diagnosing different diseases, among others.
In July 2024, the Tata Trusts launched a small animal hospital in Mumbai to cater to domesticated and stray cats, dogs, and birds. One of the first in the country, the hospital is equipped with specialized laboratories and state-of-the-art imaging technology, providing a wide range of advanced treatment methods and diagnostic tools. Such constructions are expected to bolster the market's demand and ensure high-quality animal care and services.
Future Market Scenario (FY2025-FY2032F)
As per the India veterinary diagnostics market analysis, the market is expected to witness significant growth in the coming years due to the rapid domestication of animals, increasing efforts of the government, and rising construction of veterinary hospitals in the country.
The increasing emphasis on preventive healthcare and growing awareness about the importance of regular check-ups for early disease detection is also expected to bolster the India veterinary diagnostics market demand.
Innovations, including rapid diagnostic tests and telemedicine, are expected to improve the quality of animal care by providing a rapid diagnosis and facilitating swift treatment decisions. The leading market players are also working on introducing advanced diagnostic solutions in the country, further supporting the market's expansion.
Key Players Landscape and Outlook
Rising investments by leading market players in mergers and acquisitions boost market expansion. As demand for innovative diagnostic solutions rises, strategic mergers and acquisitions allow major market players to improve their operational efficiency, expand their market reach, and enhance their research and development capabilities. In June 2024, Virbac S.A. finalized the minority share acquisition of Indian poultry vaccine specialist Globion India Pvt. Ltd., bringing their stake to 100%. Such acquisitions also allow market players to leverage cutting-edge technologies and already-established research and development facilities. Mergers and acquisitions also allow companies to strengthen their presence and streamline supply chains, aiding them in expanding their share of the country's market.
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.