Companion Animal Genetic Testing Market
Number of pages: 100 | Report Format: PDF | Published date: 16 March, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
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Market size value in 2022 |
US$ 359.3 million |
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Revenue forecast in 2031 |
US$ 710.82 million |
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Growth Rate |
CAGR of 8.9% from 2023 to 2031 |
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Base year for estimation |
2022 |
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Forecast Period |
2023-2031 |
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Historical Year |
2021 |
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Segments covered |
Product Type, Sample Type, Test Type, and Region. |
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Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global companion animal genetic testing market was valued at US$ 359.3 million in 2022 and is expected to register a revenue CAGR of 8.9% to reach US$ 710.82 million by 2031.
Market Fundamentals
The global market for companion animal genetic testing is anticipated to grow significantly in the forecasting periods, driven by factors such as the increasing number of pet owners, rising awareness about pet health, and technological advancements. There is a consistently growing awareness among pet owners about the importance of genetic testing in ensuring the health and well-being of their pets. As more pet owners become aware of the benefits of genetic testing, demand for these tests is expected to increase significantly.
North America dominates the companion animal genetic testing market due to the increasing adoption of companion animals, rising awareness of genetic diseases, and the presence of major market players in the region. Europe is the second-largest market, driven by the growing demand for personalized pet healthcare and increasing pet ownership. The Asia Pacific region is expected to grow at the fastest revenue CAGR due to increased adoption of companion animals, rising disposable income, and increased awareness of genetic diseases in pets.
The major companies in the companion animal genetic testing market focus on strategic collaborations, partnerships, and product launches to expand their market share and increase revenue.
Companion animal genetic testing refers to analyzing the DNA of companion animals, such as dogs and cats, to identify genetic traits, predispositions to diseases, and other genetic information. This type of testing can be useful for breeders who want to make informed decisions about breeding, as well as pet owners who want to identify potential health risks and take steps to prevent or manage them. Various genetic tests are available for companion animals, including tests for inherited diseases, coat color and type, and traits such as temperament and behavior. Genetic testing can be performed by veterinarians or online services offering home testing kits. However, it should be used in conjunction with regular veterinary care and other diagnostic tools.
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Market Dynamics
The demand for personalized and preventive veterinary care is increasing the demand for companion animal genetic testing. Genetic testing allows pet owners and veterinarians to identify genetic predispositions to certain diseases and conditions, which can inform preventive and personalized care plans. The increased availability of genetic testing has raised awareness among pet owners and breeders regarding the prevalence of inherited diseases in companion animals. As a result, there has been a surge in demand for genetic testing to help identify and manage these conditions. The growing advancement in technology related to genetic testing, such as next-generation sequencing and microarray analysis, have led to increased accuracy and efficiency, making genetic testing more accessible and affordable for pet owners and veterinarians. There has been a significant increase in the availability of genetic testing kits for companion animals, making it easier for pet owners to get their pets tested. These kits are available online or through veterinary clinics, and they allow pet owners to collect a sample from their pet at home and send it off for analysis.
Moreover, there has been a notable rise in demand for purebred and designer dogs, which has resulted in an increased need for genetic testing to guarantee the animals’ health and welfare. Additionally, companion animal genetic testing companies are adopting strategies such as acquisitions and mergers to expand their market share and increase their revenue. For instance, in December 2021, NEOGEN Corporation acquired Genetic Veterinary Sciences, Inc., a companion animal genetic testing company. However, there are ethical concerns surrounding genetic testing in companion animals, particularly in relation to the potential misuse of genetic information, which is restricting the growth of the global companion animal genetic testing market. The high cost of genetic testing and lack of awareness are also expected to hinder the growth of the companion animal genetic testing market.
Market Ecosystem
The global companion animal genetic testing market is analyzed from four perspectives: Product Type, Sample Type, Test Type, and Region.
Companion animal genetic testing market by Animal Type
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Based on the animal type, the global companion animal genetic testing market is segmented into dogs, cats, and other animals.
The dogs segment comprises a considerable revenue share of the companion animal genetic testing market. Dogs are considered the most common companion animal, increasing the demand for dogs as companion animals. According to the 2021-2022 National Pet Owners Survey conducted by the American Pet Products Association (APPA), in U.S. there are approximately 69 million pet dogs. Likewise, as per Fédération Cynologique Internationale (FCI), an international federation of several national kennel clubs, there are over 340 recognized dog breeds, each with unique characteristics and potential health issues. This diversity requires genetic testing to identify potential health risks and optimize breeding practices. Many dog breeds are prone to specific inherited diseases that can be identified through genetic testing. Breeders and owners can use this information to make informed decisions about breeding and managing the health of their dogs thus increasing the demand for companion animal genetic testing.
The cats segment accounted for the second-highest revenue share of the companion animal genetic testing market. Cats are one of the most popular pets in the world. According to the 2021-2022 National Pet Owners Survey conducted by the American Pet Products Association (APPA), around 45.3 million pet cats in U.S. Cats can be prone to certain genetic health conditions. Genetic testing can help identify potential health issues early on, allowing for earlier treatment and better outcomes. Genetic testing for cats is often less invasive and more straightforward than testing for other companion animals.
Companion animal genetic testing market by Sample Type
Based on the sample type, the global companion animal genetic testing market is segmented into blood, saliva, semen, and others.
The saliva segment dominated the companion animal genetic testing market with the largest revenue share. Saliva collection is a non-invasive method of obtaining a DNA sample from an animal, which cause minimal discomfort to pet, thus boosting the segment growth. Saliva samples can be collected quickly and easily with a swab or a kit provided by genetic testing companies. Due to this, pet owners can conveniently collect the samples themselves without the assistance of a veterinarian. Genetic testing done using saliva is typically less expensive than blood testing. This opens it up to more pet owners who might be unable to afford more expensive testing techniques. DNA can be obtained from saliva samples, yielding precise findings for genetic testing. DNA extracted from saliva is similar to DNA extracted from blood samples.
Companion animal genetic testing market by Test Type
Based on the test type, the global companion animal genetic testing market is segmented into breed profile, genetic diseases, and health & wellness.
The genetic diseases segment accounted for the prominent revenue share of the companion animal genetic testing market. Many pet owners are interested in testing their animals for genetic diseases because they are rather frequent companion animals. Veterinary practitioners can benefit from significant information from genetic testing for diseases, enabling them to make a more precise diagnosis and create more efficient treatment programs. This may result in better outcomes for the animal and more owner satisfaction. In some circumstances, genetic testing can also identify animals that are hereditary disease carriers, enabling breeders to choose which animals to breed and which to avoid based on accurate information. In subsequent generations of animals, this may assist in lessening the occurrence of hereditary disorders. Pet owners are increasingly interested in the health and well-being of their animals, and genetic testing for diseases is viewed as a crucial component of responsible pet ownership. This need has aided in the growth of the companion animal genetic testing market's genetic diseases segment. Advances in genetic testing technologies have made it easier and more cost-effective to identify genetic diseases in companion animals. This has helped to expand the availability of genetic testing services.
Companion animal genetic testing market by Region
Geographically, the global companion animal genetic testing market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The North America region accounted for a significant market revenue share in 2022. The number of pet owners in North America is growing, which is driving demand for companion animal genetic testing. According to the American Pet Products Association (APPA) survey, in 2021-2022, around 90.5 million families Owens a pet in U.S. There is a rise in awareness regarding companion animal genetic testing in North America. This trend is fueled by the need to identify potential health issues in pets and to enable early intervention and treatment. The rise in the incorporation of advanced technology in genetic testing has made it easier and more cost-effective to identify genetic diseases in companion animals. This has helped to expand the availability of genetic testing services and increase the number of pet owners who are able to access them.
Moreover, there is a growing demand for personalized pet care, which includes genetic testing to optimize companion animals' health and well-being. Regulatory agencies in North America support companion animal genetic testing and have established guidelines and standards for genetic testing services, thus boosting the segment growth. The presence of the major companies is also expected to drive the regional growth.
Competitive Landscape
The prominent players operating in the global companion animal genetic testing market are:
Strategic Developments
The global companion animal genetic testing market is driven by several factors, including the as the increasing number of pet owners, rising awareness about pet health, and advancements in technology.
The factors such as ethical concerns, high cost, and lack of awareness are some of the restricting factors of the market.
The prominent players operating in the global companion animal genetic testing market are Wisdom Panel (Mars, Inc.), Embark Veterinary, Inc., Orivet Genetic Pet Care Ltd., Basepaws, Inc. (Zoetis), and DNA MY DOG (Canadian Dog Group Ltd.) among others.
In 2031 the global companion animal genetic testing market is estimated to be valued at US$ 710.82 million.
The revenue CAGR of the global companion animal genetic testing market is estimated to be 8.9% during the forecast period.
*Insights on financial performance are subject to the availability of information in the public domain
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Snehal Deshmukh
Principle Consultant
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