Veterinary POC Diagnostics Market Size, Share, Growth Analysis, By Product type(Consumables, Reagents, & Kits and Instruments & Devices), By Animal Type(Companion Animals and Livestock Animals), By Region - Industry Forecast 2024-2031

Global Veterinary POC Diagnostics Market size was valued at USD 1.94 billion in 2022 and is poised to grow from USD 2.16 billion in 2023 to USD 5.17 billion by 2031, at a CAGR of 11.50% during the forecast period (2024-2031).

A veterinarian or veterinary surgeon treats non-human animals suffering from illnesses, injuries, and accidents while studying veterinary medicine. Veterinarians identify, treat, and conduct research on health issues and diseases that affect canines, animals, and other species. Veterinarians do dental work, surgical and medical procedures, treat ailments, and immunise animals against them.

Point-of-care diagnostics are analytical systems that deliver data that is clinically relevant without the requirement for a core diagnostic laboratory. These tests, which are streamlined versions of conventional laboratory assays, are made to give the individual practitioner a great deal of discretion while still providing information at the point-of-use. For the majority of people who depend on livestock around the world, livestock and poultry serve as wealth assets and sources of food, agricultural labour, clothing, fertiliser, and social status. However, this dependence is accompanied by a disproportionately high burden of zoonotic infections, making many rural people' health and way of life particularly susceptible to the introduction of animal diseases.

US Veterinary POC Diagnostics Market is poised to grow at a sustainable CAGR for the next forecast year.