Veterinary Rapid Diagnostic Test Market Size, Share, Growth Analysis, By Product type(Rapid Test Kits, Rapid Test Readers), By End user(Reference Laboratories, Veterinary Hospitals & Clinics, Home Care Settings), By Animal type(companion (dogs, cats) & livestock), By application(viral, bacterial, parasite, allergies), By Region - Industry Forecast 2024-2031

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).

Animal disease diagnostics enables vets to identify the underlying causes of illnesses and offer an early prognosis to stop the deterioration of animal health. Since most farm animals are food-producing creatures, farmers must routinely check on the health of their livestock. There is always a danger that people could contract an infection after eating foods made from infected animals, thus the meals from animals should be free of disease. Additionally, if the illness or infection is not discovered quickly, it may result in the death of the diseased animals, costing farmers money. As the findings are generated in a matter of minutes, rapid test kits aid in early diagnosis.

Additionally, compared to swift tests, conventional testing procedures take a lot longer to produce results, which could further delay the treatment of animals. Rapid tests are portable kits or analyzers that farmers can use wherever they like. These exams are easy to use and don't require any special training to execute. Pets and companion animals are seen as members of the family and given similar treatment. There has been an increase in public awareness of the value of routine pet exams. Dogs frequently contract heartworm, parvovirus, and ringworm illnesses. For diseases like heartworm and feline leukaemia, rapid test kits are less expensive and more accessible than traditional testing procedures.

US Veterinary Rapid Diagnostic Test Market is poised to grow at a sustainable CAGR for the next forecast year.