Latin America Livestock Diagnostics Market by Product (Consumables {Brucellosis, Influenza}, System, Software), Technology (Immunodiagnostics {ELISA}, PCR), Animal Type (Swine, Bovine, Poultry), End User (POC, Lab, Veterinary Hospital) - Forecast to 2030

The Latin America Livestock Diagnostics Market is expected to record a CAGR of 9.8% from 2024 to 2030, reaching $51.43 million by 2030.

Livestock is a major sector as a financial resource for the agriculture-based economy of Latin America. The countries in Latin America have a major focus on the production, consumption, and export of food-derived products. In order to ensure the best quality of food products derived from animals, superior animal health is essential. Diagnostics is crucial to keeping animals healthy by enabling early disease diagnosis and preventing disease spread amongst animals. Technologies such as immunodiagnostics and molecular Diagnostics are used to diagnose diseases such as influenza, swine fever, brucellosis, and new castle diseases, among others.

The growth of this market is driven by the growing demand for animal-derived food products, the increasing prevalence of food-borne and zoonotic diseases, and favorable government initiatives. Additionally, increasing awareness regarding animal health amongst farmers is expected to create growth opportunities for the stakeholders in this market. However, the shortage of veterinary practitioners for livestock animals restrains the growth of this market.

Rising Demand for Animal-derived Food Products to Drive the Market

The demand for animal-derived food products, namely meat, milk, and eggs, has increased. The consumption of animal-derived foods is increasing due to decreasing agricultural productivity on account of shrinking resources and reduced availability of cultivable land. Foods derived from animals are a major source of protein, and a protein-rich diet is essential to leading a healthy life.

Consumption of animal proteins is stable (around 44 to 55 g/capita/day) in developed countries, while consumption is increasing in developing regions, including Latin America. For instance, according to the OECD-FAO Agricultural Outlook in 2027, beef and veal consumption is expected to increase to 8,470 kilo tonnes carcass weight equivalent (KT CWE) from 7,724 KT CWE in 2017. Farmers are expected to increase livestock populations to meet the increasing demand for animal-derived foods. Increased livestock production will encourage the adoption of diagnostic testing for animals. Diagnostic testing helps detect diseases early and starts a proper treatment to ensure the safety and quality of animal-derived food products by preventing the spread of diseases. This is one of the major factors driving the market growth.

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Increasing Prevalence of Foodborne and Zoonotic Diseases Drives the Market

Over the last century, there has been an alarming increase in the number, frequency, and diversity of zoonotic disease outbreaks. Caused by the spillover of pathogens from animal hosts to people, these events may have more than tripled in the last decade, with the number of new zoonotic diseases infecting people quadrupling over the same period globally.

Similarly, several outbreaks have been reported in the Latin American region. For instance, in January 2024, the Pan American Health Organization (PAHO) issued an alert in response to the increasing detection of avian influenza outbreaks in birds in ten countries in the Region of the Americas. Further, the PAHO also confirmed the first human infection of avian influenza A(H5) in South America. Such outbreaks call for rapid and early testing to curb the spread of infections, leading to the adoption of diagnostic tests in the region.

Key Findings of the Latin America Livestock Diagnostics Market Study:

The Consumables Segment to Dominate the Livestock Diagnostics Market in 2024

Being recurrent, their demand increases with rising livestock diagnostic test volume, awareness regarding regular animal health check-ups, and increasing livestock population. Moreover, the emergence of various POC tests and assays is expected to create significant opportunities in the livestock Diagnostics market.

The Immunodiagnostics Segment to Account for the Largest Market Share in 2024

Immunodiagnostics is a preferred technology in diagnostics and quality-control programs, as they are rapid, convenient, and accurate research tools for detecting and quantifying targets. Further, the continuous development of new biomarkers & their cost-benefit and growing adoption of automated platforms for ELISA contribute to the large share of the segment.

The Ruminants Segment to Account for the Largest Market Share in 2024

The segment's large share is attributed to the high prevalence of diseases in ruminants, the large population base of ruminants in the region, and the constant health monitoring required for ruminants to ensure high productivity.

The Reference Laboratories Segment to Account for the Largest Market Share in 2024

The segment's large share is attributed to the higher adoption of livestock diagnostic products by reference laboratories, growing research activities in these labs leading to advancements in the existing procedures used for animal health diagnosis, and growing preference for clinics, small to mid-sized hospitals, and farm owners towards utilizing health screening and diseases diagnostic services offered by reference laboratories for complex tests.

Brazil to Dominate the Market in 2024

In 2024, Brazil is expected to dominate the Latin America livestock diagnostics market. The large share is attributed to the growing demand and consumption of animal-derived food proteins, the presence of large exporters of animal products, high animal-derived food products from Brazil, government initiatives to improve agricultural and animal husbandry outcomes, and the rising incidence of various zoonotic diseases in the region.

Key Players

The report offers a competitive landscape based on an extensive assessment of the product portfolio offerings, geographic presence, and key strategic developments adopted by leading market players in this market in the last three to four years. The key players profiled in the Latin America Livestock Diagnostics Market are IDEXX Laboratories, Inc. (U.S.), Zoetis Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), bioMérieux S.A. (France), INDICAL BIOSCIENCE GmbH (Germany), Agrolabo SpA (Italy), Neogen Corporation (U.S.), IDvet (France), BioChek B.V. (Hungary), VMRD, INC. (U.S.), and GD Animal Health (Netherlands).

Scope of the Report:

Latin America Livestock Diagnostics Market Assessment, by Product

• Consumables
  • Bovine Viral Diarrhea
  • Influenza
  • Swine Fever
  • Brucellosis
  • Blue Tongue
  • Other diseases
    (Note: Other diseases include Bovine herpes virus (BHV), Foot and Mouth Diseases, Porcine reproductive and respiratory syndrome (PRRS), and Avian Mycoplasma, among others)
• Systems
• Software

Latin America Livestock Diagnostics Market Assessment, by Animal Type

• Ruminants
  • Bovine Animals
  • Other Ruminants
    (Note: Other Ruminants include sheep, goats, deer, elk, giraffes, and camels)
• Poultry
• Swine
• Other Livestock
  (Note: Other livestock include zoo animals, equine, and fish)

Latin America Livestock Diagnostics Market Assessment, by End Users

• Veterinary Hospitals & Clinics
• Pharmacies
• Mobile Veterinary Units

Latin America Livestock Diagnostics Market Assessment, by Geography

• Brazil
• Argentina
• Colombia
• Peru
• Mexico
• Chile
• Uruguay
• Rest of Latin America

Key Questions Answered in the Report: