NEWARK, Del, June 07, 2023 (GLOBE NEWSWIRE) -- The pet DNA testing market is anticipated to expand its roots at a steady CAGR of 9.1% between 2023 and 2033. The market is anticipated to cross a market share of US$ 839.84 Million by 2033 while it is likely to be valued at US$ 351.52 Million in 2023.
- Increased adoption of dogs and cats post-pandemic along with people treating their pets as family members is fueling the demand for pet DNA testing solutions. Furthermore, the higher veterinary budget is also expanding the research and development facilities.
- Expanding breeding businesses and end users buying dogs of foreign breeds. Moreover, conducting breed origin tests is also fueling the demand for pet DNA tests. Apart from the breed identification possible genetic threats could also be found through the test.
- The integration of veterinary technology with the digitization of veterinary healthcare along with dog breed tests.
- People are curious to know more about their pets, ancestral history, and characteristics. These details optimize their diet regime and exercise which fuels the sales of pet DNA tests.
Drivers and Challenges have an Impact on Market Dynamics, which can Impact Businesses. Find more details in our Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-16890
Key Points
- The United States market leads the pet DNA testing market in terms of market share in North America. The North American market held a market share of 35.0% in 2022. The market growth is attributed to the increase in pet care units and pet humanization.
- The United Kingdom pet DNA testing market is another significant market from the European region. Regional growth is attributed to government efforts and, advancements in pet genetics technology.
- The Chinap pet DNA testing market is anticipated to thrive at a healthy CAGR during the forecast period. The growth is owed to increased pet adoption, advanced DNA testing, and expanding breeding business.
- By test type, the genetic diseases segment held a share of 35.0% in 2022. This is due to the increased amount of information and potential health threats.
Competitive Landscape
The key vendors work on producing pet DNA testing solutions with higher accuracy, small diagnostics time, and affordable pricing. The market players also focus on creating easy-to-use products. Key competitors are indulged in mergers, acquisitions, and partnerships to increase their supply chain and distribution channel. The key players in the market are Wisdom Panel (Mars, Inc.); Embark Veterinary, Inc.; Dognomics (Clinomics); Basepaws, Inc. (Zoetis); and NeoGen Corp.
Recent Market Developments
- Wisdom Panel introduced a `wisdom panel dog DNA test for breed detection. The test delivers information such as the dog’s color, strength, energy, and fur.
- Embark Veterinary launched tests involving breed identification, health and wellness tests, and faster test results.
- Dognomics dog DNA tests have eased their testing procedures with three simple steps: sign up, swab, and send. While swabbing takes 5-10 secs, the company has free shipping in the United States.
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Key Players
- DNA MY DOG (Canadian Dog Group Ltd.)
- Basepaws, Inc. (Zoetis)
- Neogen Corp.
- GenSolDiagnostics, LLC
- FidoCure (OHC)
- PetDx
- Wisdom Panel (Mars, Inc.)
- Orivet Genetic Pet Care Ltd.
- Embark Veterinary, Inc.
- Dognomics (Clinomics)
Market Segmentation
Animal Type Outlook:
- Dogs
- Cats
Sample Type Outlook:
- Blood
- Saliva
- Semen
- Others
Test Type Outlook:
- Breed Profile
- Genetic Diseases
- Health & Wellness
End User Outlook:
- Pet Owners
- Breeders
- Veterinarians
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Table of Content
1. Executive Summary | Pet DNA Testing Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Animal Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Animal Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Animal Type, 2023 to 2033
5.3.1. Dogs
5.3.2. Cats
5.4. Y-o-Y Growth Trend Analysis By Animal Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Animal Type, 2023 to 2033
Complete TOC: https://www.futuremarketinsights.com/toc/rep-gb-16890
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