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The animal health diagnostics market size is estimated to grow by USD 2.46 billion at a CAGR of 10.38% between 2023 and 2028. Increasing humanization of pets by families is one of the key growth drivers of the market. Humanization refers to the treatment of pets like members of the family, thus driving the demand for pet care. With millennials, the practice of keeping pets for functional purposes is decreasing. Diagnostic tests play a crucial role in preventive healthcare by identifying health concerns before they become serious. Pet owners are paying more attention to the specific nutritional needs of their pets. Diagnostic tests may be used to assess a pet's health condition and tailor nutritional plans for individual animals, considering factors such as age, breed, and existing health issues. New-age pet owners try to match their pets' diets with theirs in terms of nutritional value. Their concern for their pets drives the demand for animal health diagnostics as well as companion animal specialty drugs. Thus, the increase in pet humanization will lead to high animal health diagnostics will drive the market during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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