Veterinary POC Diagnostic Market Scope
Market Research Future (MRFR) assessed the global veterinary POC diagnostic market2021 in the analysis period till 2027. As per MRFR study, the global veterinary POC diagnostic market is expected to expand at 8.9% CAGR in the study period (from 2020 to 2027). By 2027, the veterinary POC diagnostic market value can touch USD 2,894 Mn.
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Veterinary POC Diagnostic Market Drivers and Restrains
The rise in demand for companion animal and pet insurance as surge in animal health expenditure is observed can underpin the rise of the global veterinary POC diagnostic market. The increasing prevalence of animal zoonotic diseases, such as; zoonotic leptospirosis, gastrointestinal disease, cysticercosis, rabies, and tuberculosis is creating the demand for veterinary POC diagnostic as veterinary practitioners require diagnostic aids for deciding proper treatment regimen. In addition, the surge in income levels of people in developed economies to afford pet companions can promote the veterinary POC diagnostic market in the near future. On the contrary, hike in pet care and veterinary imaging instruments costs are causes that can limit the market in the study tenure.
Veterinary POC Diagnostic Market Segmentation
The segment assessment of the veterinary POC diagnostic market is based on Technology, Application, Product, End User, and Animal Type.
The product-based segments of the veterinary POC diagnostic market are Consumables and Instruments. The Consumables segment studies Imaging System Reagents and Kits & Reagents. The Instruments segment studies Imaging Systems and Analyzers. The consumables segment is likely to gain considerable profit by 2027.
The technology-based segments of the veterinary POC diagnostic market are Hematology, immunodiagnostics, Clinical Biochemistry, Molecular Diagnostics, and Urinalysis among others. The hematology segment is expected to rise at decent pace in the near future. The clinical biochemistry segment is expected to expand with high CAGR in the assessment period.
The veterinary POC diagnostic market study segments that are based on application are Clinical Pathology, Virology, Bacteriology, Orthopedics & Traumatology, Parasitology, Oncology, Cardiology, Neurology, and Gynecology among others. The upsurge in clinical pathology applications can contribute to the growth of the market in the years ahead.
The animal type-based segments of the veterinary POC diagnostic market are livestock animals and companion animals. The livestock animals segment studies Horses, Dogs, and Cats among others. The livestock animals segment studies Poultry, Swine, and Cattle among others. The growing concern for cattle can underpin the market surge.
The end-user-based segments of the veterinary POC diagnostic market are home care settings and veterinary hospitals and clinics among others. The rise in number of veterinary hospitals and clinics can prompt the market expansion in the review period.
Veterinary POC Diagnostic Market Regional Study
In North America, the veterinary POC diagnostic market is expected to earn revenue of around USD 1.7 Bn by 2027. The rise in adoption for pet for companionship and surge in animal healthcare expenditure are forces that can drive North America veterinary POC diagnostic market in the years to come. Advancements in veterinary diagnostics and introduction of molecular diagnostic solutions can prompt the market in the review period.
In Europe, the veterinary POC diagnostic market is expected to grow at 7.8% CAGR in the forecast time span. The surge in demand for animal products and focus on biologicals for developing different vaccines in the animal diagnostics industry growth can contribute to the rise of Europe market. Increasing intake of animal and the growing prevalence of zoonotic diseases is creating the need for animal diagnostics that can add to the market expansion in Europe the evaluation period.
In Asia Pacific, the the veterinary POC diagnostic market is expected to expand at high CAGR in the analysis period owing to the rapid growth of the manufacturing facilities and their capacity in emerging economies, such as; India.
The veterinary POC diagnostic market in the Middle East & Africa region can expand at moderate pace due to the emergence of advanced products and new veterinary technologies.
Veterinary POC Diagnostic Market Key Vendors
Thermo Fisher Scientific, Inc. (US), Virbac (France), Zoetis, Inc. (US), Idexx Laboratories, Inc. (US), Heska Corporation (US), Examion GmbH (Germany)., Eurolyser Diagnostica GmbH (Austria), Sedecal (Spain), Randox Laboratories, Ltd. (UK), Woodley Equipment Company Ltd. (UK), AniPoC, Ltd. (UK), Carestream Health, Inc. (US), Fujifilm Sonosite, Inc. (Japan), Neurologica Corporation (US), Diagnostic Imaging Systems, Inc. (US), Esaote spa (Italy), Mindray Medical International Limited (China), Minxray, Inc. (US), GE Healthcare (US), and QR s.r.l. (Italy) are some reputed companies in the veterinary POC diagnostic market that are listed by MRFR.
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Table Of Contents
- EXECUTIVE SUMMARY
1.1. Market Attractiveness Analysis
1.1.1. Global Veterinary POC Diagnostic Market, By Product
1.1.2. Global Veterinary POC Diagnostic Market, By Technology
1.1.3. Global Veterinary POC Diagnostic Market, By Application
1.1.4. Global Veterinary POC Diagnostic Market, By Animal Type
1.1.5. Global Veterinary POC Diagnostic Market, By End User
1.1.6. Global Veterinary POC Diagnostic Market, By Region
- MARKET INTRODUCTION
2.2. Scope Of The Study
2.3. Market Structure
- RESEARCH METHODOLOGY
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
- MARKET DYNAMICS
4.2.1. Growth In The Companion Animal Population
4.2.2. Increasing Prevalence Of Zoonotic Diseases
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