Veterinary Point Of Care Diagnostics Market 2023 - Size, Industry Share, Leading Players, Competitive Analysis, And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Veterinary Point Of Care Diagnostics Global Market Report 2023 identifies increasing companion animal population as the major driver for the veterinary point of care diagnostics market's growth in the forecast period. Companion animals are pets who share the residential area with humans. An increase in the companion animal population is increasing the demand for veterinary point-of-care diagnostics that enables faster clinical decision-making in the diagnostic, treatment selection and monitoring, and prognosis processes, as well as operational decision-making and resource utilization.

The global veterniary point of care diagnostics market size is expected to grow from $1.41 billion in 2022 to $1.62 billion in 2023 at a compound annual growth rate (CAGR) of 15.01%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The veterniary point of care diagnostics market size is expected to reach $2.59 billion in 2027 at a CAGR of 12.52%.

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Major competitors in the veterinary point of care diagnostics market are Zoetis Inc., IDEXX Laboratories Inc., Heska Corporation, Virbac, NeuroLogica Corporation, Eurolyser Diagnostica GmbH, Randox Laboratories Ltd.

A key trend in the veterinary point of care diagnostics market includes technological advancement. Technological improvements have helped to improve not only the quality of human life but also the animals. The veterinary point of care has advanced by leaps and bounds, allowing veterinarians to make speedier diagnoses and more precise prognoses, ultimately saving animal lives. Major companies operating in the veterinary point-of-care diagnostics market are advancing toward image recognition technology and artificial intelligence to lead the market. Image recognition technology uses software to identify objects, places, people, writing, and actions in images. For instance, in September 2020, Zoetis, a US-based manufacturer of medicine and vaccinations for pets and livestock launched Vetscan Imagyst. It delivers accurate testing results by combining image recognition technology, algorithms, and cloud-based artificial intelligence (AI). The purpose of Imagyst is to assist veterinarians in making accurate and timely point-of-care intestinal parasitic diagnoses in animals.

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The veterinary point of care diagnostics market is segmented -
1) By Product: Consumables, Reagents, and Kits, Instruments and Devices

2) By Animal Type: Companion Animals, Livestock Animals

3) By Disease: Infectious Diseases, Metabolic Diseases, Other Diseases

4) By Technology: Immunodiagnostics, Clinical Biochemistry, Molecular Diagnostics, Hematology, Urinalysis, Other Technologies

5) By End User: Veterinary Clinics, Veterinary Hospitals and Academic Institutes, Home Care Settings

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the veterinary point of care diagnostics market.

The Business Research Company's "Global Veterinary Point Of Care Diagnostics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Veterinary Point Of Care Diagnostics Market Include:
1. Executive Summary
2. Veterinary Point Of Care Diagnostics Market Characteristics
3. Veterinary Point Of Care Diagnostics Market Trends And Strategies
4. Veterinary Point Of Care Diagnostics Market - Macro Economic Scenario
5. Veterinary Point Of Care Diagnostics Market Size And Growth
…….
26. Africa Veterinary Point Of Care Diagnostics Market
27. Veterinary Point Of Care Diagnostics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Veterinary Point Of Care Diagnostics Market
29. Veterinary Point Of Care Diagnostics Market Future Outlook and Potential Analysis
30. Appendix

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