Press release
Veterinary Rapid Test Market was valued at USD 724.9 Mn in 2022 and is expected to grow at USD 1,507 Mn in 2029
Veterinary Rapid Test Market
The report delves into the world of Veterinary Rapid Tests, defining them as essential tools for screening animals such as cats, dogs, cattle, and bovine. These tests involve the interaction of antibodies and antigens to produce visible indicators, enabling efficient detection of pathogens in less time. Rapid test kits are particularly effective in identifying viral diseases like rabies, feline heartworm, and more. The report explores various market segments, including product types, applications, animal categories, and geographical regions.
Maximize Market Research Pvt Ltd's report is grounded in thorough research methodology. The data has been sourced from industry participants, offering a comprehensive analysis of market trends and dynamics. The report uses a combination of facts, figures, illustrations, and presentations to provide a detailed analysis of historical data from 2017 to 2020.
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Veterinary Rapid Test Market Dynamics:
The rising occurrence of zoonotic diseases is a major driver of market growth. The report highlights that over 30 new human pathogens originating in animals have been identified, increasing the demand for efficient test kits. However, factors such as lack of knowledge about pet care, dearth of veterinary practitioners, and inadequate infrastructure are significant challenges restraining market growth.
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Veterinary Rapid Test Market Segmentation:
by Product
Rapid test kits
Rapid test readers
According to Product, the market segment for fast test kits is anticipated to experience a CAGR over the course of the projected year. It's convenient to keep rapid test kits at room temperature for a long time. Results are produced more quickly, and a given rapid test kit's specificity ranges from 90% to 100% while its sensitivity ranges from 85% to 90%. To further enhance their already expansive line of veterinary testing, Rapid Labs has introduced a new batch of quick tests.
by Application
Viral diseases
Bacterial diseases
Parasitic diseases
Others
by Animal Type
Canine
Feline
Cattle
Others
Cattle are anticipated to have the biggest market share growth in 2022 among animal types. The Veterinary Rapid Test Market is expanding due to the rising use of cattle for animal-based goods like milk and meat. This segment's significant share and rapid growth rate can be due to rising animal health awareness and a growing emphasis on routine checkups. During the anticipated era, all of these factors contributed to market growth.
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Veterinary Rapid Test Market Key Players:
1. Abaxis
2. BioNote, Inc.
3. Biopanda Reagents Ltd.
4. Fassisi GmbH
5. Heska Corporation
6. IDEXX Laboratories, Inc.
7. LifeAssays AB
8. MEGACOR Diagnostik GmbH
9. SWISSAVANS AG
10.Virbac
11.Woodley Equipment Company
12.Zoetis, Inc.
13.Dutch Diagnostics BV
14.CorisBioconcept
15.SafePath Laboratories, LLC
16.Chembio Diagnostic Systems, Inc.
17.Biosynex Group
18.NTBIO Diagnostics Inc.
Table of content for the Veterinary Rapid Test Market includes:
1. Global Veterinary Rapid Test Market: Research Methodology
2. Global Veterinary Rapid Test Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Veterinary Rapid Test Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Veterinary Rapid Test Market Segmentation
• Global Veterinary Rapid Test Market, by Product (2022-2029)
• Global Veterinary Rapid Test Market, by Application (2022-2029)
• Global Veterinary Rapid Test Market, by Animal Type (2022-2029)
5. Regional Veterinary Rapid Test Market (2022-2029)
• Regional Veterinary Rapid Test Market, by Product (2022-2029)
• Regional Veterinary Rapid Test Market, by Application (2022-2029)
• Regional Veterinary Rapid Test Market, by Animal Type (2022-2029)
• Regional Veterinary Rapid Test Market, by Country (2022-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
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Regional Insights:
The report presents regional insights into the Veterinary Rapid Test Market. North America is anticipated to experience substantial growth, driven by a high prevalence of zoonotic diseases, pet ownership, and advanced veterinary medical infrastructure. Asia-Pacific emerges as the second fastest-growing market, fueled by increasing pet ownership, government initiatives, and a focus on veterinary health.
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2023-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company comprising professionals from various industries. Our coverage spans medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemical products, general merchandise, beverages, personal care, and automated systems, among others. We provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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