2025-2034 Veterinary Point Of Care Diagnostics Market Roadmap: Insights for Competitive Advantage

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How Large Will the Veterinary Point Of Care Diagnostics Market Size By 2025?
The expansion of the veterinary point of care diagnostics market has been quick and significant in recent years. It's projected that the market will swell from a value of $1.78 billion in 2024 to a worth of $2.01 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.7%. The notable growth throughout the historic period can be credited to factors such as educational initiatives and awareness campaigns, the incorporation of telemedicine, a concentrated effort on controlling infectious disease, regulatory backing and approvals, and effective handling of livestock and production animals.

How Big Is the Veterinary Point Of Care Diagnostics Market Size Expected to Grow by 2029?
In the coming years, the market size of veterinary point of care diagnostics is predicted to experience a swift expansion. The market is forecasted to rise to $3.31 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 13.4%. This projected growth within the forecast period is due to factors such as a growing pet population, the focus on preventive healthcare, the need for remote access in rural areas, customized veterinary medicine, and preparedness for global health. Key trends during the forecast period will be technological progress, innovative products, and a consumer inclination towards home testing.

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Which Key Market Drivers Powering Veterinary Point Of Care Diagnostics Market Expansion and Growth?
The surge in the number of companion animals, who live alongside humans in residential settings, is foreseen to fuel the expansion of the veterinary point-of-care diagnostics market. This rise in companion animal numbers has increased the demand for veterinary point-of-care diagnostics tools, which expedite clinical conclusions regarding diagnosis, treatment options and tracking, prognosis, as well as decisions about operation management and resource use. For example, the American Pet Products Association, a not-for-profit industry association in the US, reported in their 2021-2022 National Pet Owners Survey that 70% of all US households host a companion animal. As a result, this growing population of companion animals significantly impacts and stimulates growth in the veterinary point-of-care diagnostics market.

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Which Fast-Growing Trends Are Poised to Disrupt the Veterinary Point Of Care Diagnostics Market?
In a bid to maintain their market stand in the veterinary point-of-care diagnostics sector, major companies are pioneering new veterinary analyzers. As an example, in August 2023, Chengdu Seamaty Technology Co., Ltd. presented four novel veterinary analyzers, specially designed for use in pet hospitals, outlining the importance of immediate diagnostic measures. Their product line, which includes the VG2 Vet Blood Gas Electrolyte Immunoassay Analyzer, VG1 Veterinary Blood Gas & Electrolyte Analyzer, Vi1 Veterinary Fluorescence Immunoassay Analyzer, and VBC30/VBC50 Hematology Analyzers, offers quick and accurate diagnoses for various animal diseases, immune system evaluations and inflammation tracking in dogs and cats. Through user-friendly functionality and a mobility-friendly design, these analyzers offer easy incorporation into existing veterinary processes, boosting efficiency and enabling quick decisions for the ultimate patient care.

What Are the Emerging Segments in the Veterinary Point Of Care Diagnostics Market?
The veterinary point of care diagnostics market covered in this report 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

Subsegments:
1) By Consumables: Test Strips, Blood Collection Tubes, Urine Test Strips, Microbial Culture Media
2) By Reagents And Kits: Enzyme-Linked Immunosorbent Assay (ELISA) Kits, PCR Reagents, Rapid Test Kits, Diagnostic Assay Kits
3) By Instruments And Devices: Portable Analyzers, Diagnostic Imaging Devices, Hematology Analyzers, Biochemical Analyzers

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Who Are the Global Leaders in the Veterinary Point Of Care Diagnostics Market?
Major companies operating in the veterinary point of care diagnostics market are Zoetis Inc., IDEXX Laboratories Inc., Heska Corporation, Virbac Animal Health India Pvt Ltd, Eurolyser Diagnostica GmbH, Randox Laboratories Ltd, Anipoc Ltd, Neogen Corporation, Abaxis Inc., Alvedia, bioMérieux SA, Bionote Inc., Clindiag Systems Co. Ltd., Coris BioConcept, Creative Diagnostics, DiaSys Diagnostic Systems GmbH, Eiken Chemical Co. Ltd., Gold Standard Diagnostics Corp., Hangzhou AllTest Biotech Co. Ltd., InBios International Inc.

Which are the Top Profitable Regional Markets for the Veterinary Point Of Care Diagnostics Industry?
North America was the largest region in the veterinary point of care diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary point of care diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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