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Veterinary Rapid Tests Kits Market to Reach $1.18 Billion by 2028 - Market Growth, Trend, Competitive Analysis 2022-2028 - Arizton

Veterinary Rapid Test Kits Market Research Report by Arizton

Veterinary Rapid Test Kits Market Research Report by Arizton

According to Arizton's latest research report, the veterinary rapid test kits market is growing at a CAGR of 8.53% during 2022-2028.

To Know More, Download the Free Sample Report: https://www.arizton.com/request-sample/4034

The global veterinary rapid test kits market has witnessed several significant mergers and acquisitions in recent years, positively impacting market growth. Companies engaged in veterinary diagnostics continuously implement strategies that aid in high development, revenue generation, product expansion, high market penetration, and increased geographical presence. For vendors, acquisitions offer a huge revenue growth opportunity by strengthening their market expansion and product and services portfolio extension.

Apart from vendors, animal health authorities also partner and collaborate with various animal care organizations. In 2021, the Louisiana Animal Disease Diagnostic Laboratory partnered with the Louisiana Office of Public Health & CDC to provide free COVID-19 testing for cats and dogs.

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Market Trends & Drivers

Rising Expenditure on Animal Well-being
Animals are highly prevalent for zoonotic disorders that can increase severe health impacts on human beings. Livestock animals are a source of food and essential nutrients. On the other hand, pets are considered part of families. Both factors result in increased expenditure on animal well-being. Furthermore, the increasing support from the government for livestock animal healthcare and well-being positively influences the veterinary rapid test kits industry growth.

Rapidly Growing Pet Ownership
Among pet animals, dogs and cats are highly popular and most adopted by people. In the past three decades, pet ownership has increased significantly. During the COVID-19 pandemic, people spent more time at home and got bored more deeply with their pets. Dogs and cats have become a part of families in several geographies. According to the Human Animal Bond Research Institute survey in recent years, pet ownership is overwhelming by 86% worldwide, and owners ready to pay for their pets need extensive veterinary care. Further, millennial households, which are smaller families, prominently increase pet ownership. In addition, the expanding middle class in emerging markets is increasing the pet population. Most pet owners stated that pets improve heart health, reduce depression and anxiety, and have many advantages.

Veterinary Rapid Test Kits Market Dynamics 
Drivers 
Rise in Expenditure on Animal Well-being
Burden of Zoonotic Diseases
Rapid Growth in Pet Ownership

Opportunities
Recent Mergers & Acquisitions Changed Market Landscape
Shift toward POCT in Animals for Early Disease Diagnosis & Prevention
Expansion of Veterinary RDTs for Non-infectious Diseases

Challenges 
Vaccination & Care Programs for Animals
Limitations Associated with Veterinary RDT
Available Alternative Testing & Diagnosis Methods

Buy this Research @ https://www.arizton.com/market-reports/veterinary-rapid-test-kits-market

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Vendors
Key Company Profiles
IDEXX
Key Opportunities
Zoetis
Thermo Fisher Scientific

Other Prominent Vendors
Ahlstrom
Accuplex Diagnostics
Bionote
Biopanda Reagents
BioGnost
Coris BioConcept
Chembio Diagnostics
Diatheva Srl
Dutch Diagnostics BV
Gold Standard Diagnostics
Fassisi
Frenovo Biotech
Heska Corporation
Innovative Diagnostics
Nanjing Poclight Biotechnology
MEGACOR Diagnostik
Randox Laboratories
Rapid Labs
RINGBIO (Ring Biotechnology Co., Ltd.)
SafePath Laboratories LLC
Secure Diagnostics
Ubio Biotechnology Systems
Vitrosens Biotechnology
VetAll Laboratories
Virbac
Woodley Equipment Company

Market Segmentation

Animal Type
Companion Animals
Livestock Animals

Application
Viral Diseases
Bacterial Diseases
Parasite Diseases
Others

End-user
Veterinary Reference Laboratories
Veterinary Hospitals
Veterinary Clinics
Others

Geography
North America
The US
Canada

Europe
Germany
France
The U.K.
Spain
Italy

APAC
China
India
Japan
South Korea
Australia

Latin America
Brazil
Mexico
Argentina

Middle East & Africa
Turkey
South Africa
Saudi Arabia

Key Questions Answered in the Report:
How big is the veterinary rapid test kits market?
What is the growth rate of the global veterinary rapid test kits market?
Which region dominates the global veterinary rapid test kits market share?
What are the significant trends in the veterinary rapid test kits industry?
Who are the key players in the global veterinary rapid test kits industry?

Check the detailed table of contents of the report @ https://www.arizton.com/market-reports/veterinary-rapid-test-kits-market?details=tableOfContents

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