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Veterinary Point Of Care Diagnostics Market worth $3.89 billion by 2030, growing at a CAGR of 12.26% - Exclusive Report by 360iResearch
Veterinary Point Of Care Diagnostics Market | 360iResearch
The Global Veterinary Point Of Care Diagnostics Market to grow from USD 1.73 billion in 2023 to USD 3.89 billion by 2030, at a CAGR of 12.26%.
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The veterinary point-of-care diagnostics market encompasses the various diagnostic testing devices and services used by veterinarians to detect and monitor diseases in animals at or near the site of patient care. These tests provide rapid results, enabling informed decisions for timely treatment and management of animal health issues. The increasing pet ownership rates globally and increasing awareness among pet owners about animal health and welfare are increasing the need for veterinary point-of-care diagnostics. However, high initial investment costs for advanced diagnostic equipment and a shortage of skilled veterinary professionals specializing in diagnostics restrict the growth of the veterinary point-of-care diagnostics market. Furthermore, growing demand for portable solutions that can be easily deployed during farm visits or emergencies and supportive government policies related to animal health monitoring programs leading to increasing investments in R&D are expected to create lucrative opportunities for veterinary point-of-care diagnostics.
In the United States and Canada, there is a growing demand for veterinary point-of-care diagnostics due to the increasing pet adoption rates and greater awareness of animal healthcare. Companies in the Americas regions are investing heavily in research and development to create innovative diagnostic technologies, such as portable devices for rapid detection of common diseases in companion animals. Furthermore, advancements to include AI and ML technologies have further led to rapid progress in point-of-care diagnostics techniques and devices in the region. European Union countries have witnessed significant growth in the veterinary point-of-care diagnostics sector due to stringent regulations on animal welfare. Consequently, companies operating within this region are focusing on developing cost-effective solutions for timely diagnosis at farms or clinics. Research collaborations between academic institutions and industry players have resulted in novel diagnostic platforms. China, Japan, and India are emerging economies in the veterinary point-of-care diagnostics sector with increasing disposable incomes, urbanization, and livestock production. APAC countries are expanding efforts to improve livestock health and improve monitoring of cattle and poultry using diagnostics technologies. Many countries in the region have initiated programs to improve animal disease surveillance and control and strengthen veterinary infrastructure.
Market Segmentation & Coverage:
This research report categorizes the Veterinary Point Of Care Diagnostics Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Consumables, Reagents & Kits and Instruments & Device. The Consumables, Reagents & Kits is projected to witness significant market share during forecast period.
Based on Technology, market is studied across Clinical Biochemistry, Hematology, Immunodiagnostics, and Molecular Diagnostics. The Molecular Diagnostics is projected to witness significant market share during forecast period.
Based on Sample Type, market is studied across Blood/Plasma/Serum, Fecal, and Urine. The Blood/Plasma/Serum is projected to witness significant market share during forecast period.
Based on Animal Type, market is studied across Companion Animals and Livestock Animals. The Companion Animals is further studied across Cats, Dogs, and Horses. The Livestock Animals is further studied across Cattle, Poultry, and Swine. The Companion Animals is projected to witness significant market share during forecast period.
Based on Application, market is studied across Bacteriology, Clinical Pathology, Parasitology, and Virology. The Parasitology is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Home Care Settings, Veterinary Clinics, and Veterinary Hospitals & Academic Institutes. The Veterinary Clinics is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.73% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Veterinary Point Of Care Diagnostics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Veterinary Point Of Care Diagnostics Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Veterinary Point Of Care Diagnostics Market, highlighting leading vendors and their innovative profiles. These include AniPOC, Ltd., BioMérieux SA, Chembio Diagnostic Systems, Inc., Esaote SpA, FUJIFILM Holdings Corporation, Heska Corporation, IDEXX Laboratories, Inc., Mindray Medical International Limited, Neogen Corporation, Nova Biomedical Corporation, Randox Laboratories Ltd., Virbac Corporation, Woodley Equipment Company Inc., and Zoetis, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Veterinary Point Of Care Diagnostics Market, by Product
7. Veterinary Point Of Care Diagnostics Market, by Technology
8. Veterinary Point Of Care Diagnostics Market, by Sample Type
9. Veterinary Point Of Care Diagnostics Market, by Animal Type
10. Veterinary Point Of Care Diagnostics Market, by Application
11. Veterinary Point Of Care Diagnostics Market, by End-User
12. Americas Veterinary Point Of Care Diagnostics Market
13. Asia-Pacific Veterinary Point Of Care Diagnostics Market
14. Europe, Middle East & Africa Veterinary Point Of Care Diagnostics Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Veterinary Point Of Care Diagnostics Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Veterinary Point Of Care Diagnostics Market?
3. What is the competitive strategic window for opportunities in the Veterinary Point Of Care Diagnostics Market?
4. What are the technology trends and regulatory frameworks in the Veterinary Point Of Care Diagnostics Market?
5. What is the market share of the leading vendors in the Veterinary Point Of Care Diagnostics Market?
6. What modes and strategic moves are considered suitable for entering the Veterinary Point Of Care Diagnostics Market?
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