市場調查報告書
商品編碼
1576960
動物醫療診斷的印度市場評估:各產品類型,各技術,各動物類型,各用途,各終端用戶,各地區,機會,預測(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 |
印度獸醫醫療診斷市場規模預計將從 2024 財年的 2.2461 億美元增至 2032 財年的 4.6011 億美元,在 2025 財年至 2032 財年的預測期內複合年增長率為 9.38%。動物數量的增加、新產品和新技術的推出、政府措施的增加以及對預防性醫療保健日益增長的偏好正在支持市場成長。此外,日本執業獸醫數量的增加也支持了市場的成長。根據印度獸醫委員會(VCI)估計,截至 2023 年 3 月,該國有 81,938 名註冊執業獸醫。
政府致力於透過建立品質標準和監管支援來改善獸醫衛生部門,預計將支持市場擴張。政府也採取各種措施,確保獸醫醫療診斷符合國際品質標準,提高其可靠性,並確保在國內得到更多採用。此外,各動物福利組織透過支持國內獸醫院建設來加強提供優質護理的努力預計也將增加對獸醫醫療診斷的需求。 2024 年 8 月,動物照護組織 (TACO) 在哈里亞納邦開設了一家獸醫醫院。 TACO 新升級的設施使需要診斷測試或手術的動物能夠接受全面、快速的治療,而無需被運送到其他地方。這家獸醫醫院擁有一間手術室和五名經驗豐富的獸醫和外科醫生,致力於治療和診斷動物的各種嚴重和複雜的醫療狀況。此外,醫院還擁有配備血液分析儀和先進生化檢測設備的實驗室,支援獸醫進行先進的診斷檢測。此類措施和設施預計將增加該國對獸醫醫療診斷產品的需求,並為市場創造利潤豐厚的成長機會。
本報告提供印度的動物醫療診斷市場相關調查分析,提供市場規模與預測,市場動態,主要企業的形勢等資訊。
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.