What is the global market size of Veterinary Rapid Diagnostic Test Market?

Veterinary Rapid Diagnostic Test Market size was valued at USD 2.3 billion in 2021, and it is expected to reach a value of USD 4.23 billion in 2028, at a CAGR of 9.1% over the forecast period (2022-2028).

Veterinary Rapid Diagnostic Test Companies

Veterinary Rapid Diagnostic Test Market Competitive Landscape

Veterinary Rapid Diagnostic Test Market Top Player's Company Profiles

Zoetis

Heska Corp.

IDEXX Laboratories Inc.

Agrolabo S.p.A.

IDvet

Virbac

Thermo Fisher Scientific Inc.

Neogen Corp.

Covetous

iM3Vet Pty Ltd.

Veterinary Rapid Diagnostic Test Market

FAQs

Veterinary Rapid Diagnostic Test Market was valued at USD 2.3 billion in 2022, and is poised to grow from USD 2.51 billion in 2023, to USD 5.04 Billion by 2031 at a CAGR of 9.1% during the forecast period (2024-2031).

Due to the presence of numerous large and minor industry participants, the market is fragmented. To increase their market share, major players are implementing business strategies including diversified product offerings, regional expansion, business expansion, joint ventures, and new product launches. 'Zoetis', 'Heska Corp.', 'IDEXX Laboratories Inc.', 'Agrolabo S.p.A.', 'IDvet', 'Virbac', 'Thermo Fisher Scientific Inc.', 'Neogen Corp.', 'Covetous', 'iM3Vet Pty Ltd.'

For a sizable portion of the population in developing countries, livestock husbandry is one of the main sources of income and subsistence. Farmers increasingly need to increase livestock production as the demand for food products derived from animals grows on a global scale. However, illnesses like foot and mouth, Newcastle disease, and African swine fever have an impact on the livestock industry's productivity by lowering the quality of food items made from animals.

The rising prevalence of zoonotic illnesses, the advantages of quick tests over other techniques, the demand for at-home/farm testing, and rising public knowledge of veterinary health all contribute to the market's expansion.

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). Geographically, the veterinary fast diagnostic tests market is anticipated to be dominated by North America in 2022. North America is predicted to account for the highest proportion thanks to rising veterinary numbers, greater awareness of the value of disease diagnosis in animals, and rising pet health expenditures. The largest CAGR is anticipated to be achieved during the projected period, nevertheless, in Asia-Pacific. Due to the abundance of livestock and the increased prevalence of numerous zoonotic illnesses in the area, the market for veterinary quick diagnostic tests in the Asia-Pacific has experienced significant expansion.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Veterinary Rapid Diagnostic Test Market Competitive Landscape

Veterinary Rapid Diagnostic Test Market Report Snapshots

Want to customize this report?

FAQs

Request Free Customization

Feedback From Our Clients

$5,300

Veterinary Rapid Diagnostic Test Market Competitive Landscape

Veterinary Rapid Diagnostic Test Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Veterinary Rapid Diagnostic Test Market?

Who are the key vendors in the Veterinary Rapid Diagnostic Test Market?

What is the key driver of Veterinary Rapid Diagnostic Test Market?

What is the key market trend for Veterinary Rapid Diagnostic Test Market?

Which region accounted for the largest share in Veterinary Rapid Diagnostic Test Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300