Product Code: RP-ID-10210486 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Healthcare & Pharmaceuticals |
Report ID: 10210486
Market Overview:
Global Veterinary Rapid Tests Market Size study, by Type (Organic Veterinary Rapid Tests and Inorganic Elemental Analysis), by Technology (Destructive Technologies and Non-destructive Technologies), By Application (Life Sciences, Environment Testing, Food & Beverage Testing and Geology) and Regional Forecasts 2019-2026
Global Veterinary Rapid Tests Market is valued approximately at USD 529.1 million in 2018 and is anticipated to grow with a healthy growth rate of more than 8.30% over the forecast period 2019-2026. Veterinary rapid tests are mainly designed for preliminary screening of animals such as cat, dogs, bovine and cattle. These rapid test kits are able to offer efficient detection of pathogens in a short duration of time around 5-10 minutes. Further, increasing prevalence of zoonotic diseases such as Ebola virus disease and salmonellosis among livestock and companion animals along with the growing need for the rapid detection of these diseases has led towards the adoption of elemental analysis. For Instance, as per the International Livestock Research, zoonotic diseases are major obstacles in the pathway out of poverty for one billion livestock keepers. Thus, the demand and adoption of the veterinary rapid tests would increase thereby, aiding the growth of the market. However, low animal healthcare awareness and limited animal diagnostic infrastructure in several countries is beholding the confidence of users towards purchase of veterinary rapid tests globally.
The regional analysis of global Veterinary Rapid Tests Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the introduction of pet insurance policies by the government to promote animal healthcare along with the increase in the number of veterinary doctors and animal healthcare service providers.
Whereas, Asia-Pacific is anticipated to emerge as the fastest growing market region during the forecast period 2019-2026. Factors such as increasing awareness about animal health, growth in pet adoption, and growing per capita animal health expenditure, especially in India and China would create lucrative growth prospects for the Veterinary Rapid Tests Market across Asia-Pacific region.
Major market player included in this report are:
IDEXX Laboratories, Inc.
Zoetis, Inc.
Virbac
Heska Corporation
Biopanda Reagents, Ltd.
Fassisi GmbH
BioNote, Inc.
SWISSAVANS AG
MEGACOR Diagnostik GmbH
Woodley Equipment Company, Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Rapid Test Kits
Rapid Test Readers
By Application:
Viral Diseases
Bacterial Diseases
Parasitic Diseases
Allergies
Other Applications
By Animal Type:
Companion Animals
Livestock Animals
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016-,2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Veterinary Rapid Tests Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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