Veterinary Point of Care Diagnostics Market to Grow with a CAGR of 10.53% through 2030
Prevalence of veterinary diseases and advancements in technology is
driving the growth of Veterinary Point of Care Diagnostics market in the
forecast period 2024-2028.
According to TechSci Research report, “Veterinary Point of Care
Diagnostics Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Veterinary
Point of Care Diagnostics Market stood at USD 1.87 Billion in 2024 and is
anticipated to grow with a CAGR of 10.53% in the forecast period through 2030. The
global veterinary point of care (PoC) market has witnessed significant growth
and transformation in recent years, driven by various factors that are shaping
the landscape of animal healthcare. PoC diagnostics and testing tools for
animals have become increasingly important in the veterinary field, allowing
for quicker and more accurate diagnoses and treatment decisions. This market
has been driven by several key drivers, marked by emerging trends and
challenges, and impacted by the COVID-19 pandemic.
One of the primary
drivers of the global veterinary PoC market is the growing awareness and
concern for animal health. Pet ownership has been on the rise, with more people
considering their pets as integral members of their families. This has resulted
in increased spending on veterinary care and a greater demand for rapid and
reliable diagnostic solutions to address various health issues in animals.
Additionally, the rise in zoonotic diseases and the need for early detection
and monitoring have further propelled the market's growth.
Another significant
driver is technological advancement. Advances in diagnostic technology, such as
portable analyzers, handheld devices, and lab-on-a-chip systems, have
revolutionized the veterinary PoC market. These innovations have made it easier
for veterinarians to conduct tests on-site, reducing the turnaround time for
results and enabling quicker treatment decisions. Furthermore, the integration
of digital health records and telemedicine solutions has streamlined
communication between veterinarians and pet owners, enhancing overall patient
care.
The global
veterinary PoC market has also been influenced by a shift toward preventive
healthcare. Pet owners are increasingly interested in preventive measures,
including regular check-ups and early disease detection. This trend has boosted
the demand for PoC testing, as it allows for the timely identification of
health issues, enabling veterinarians to take proactive measures to ensure the
well-being of animals.
Browse over XX market data Figures spread through 185 Pages and an
in-depth TOC on
"Global Veterinary Point of Care Diagnostics Market.”
The Global Veterinary
Point of Care Diagnostics Market is segmented into Product, Animal Type, Sample Type, Indication, Testing category, End user, Regional Distribution, and Company.
Based on Indication, Infectious Disease segment is anticipated to show fastest growth during the forecast period in the Veterinary Point of Care Diagnostics market. Firstly,
infectious diseases pose a significant threat to animals, including both
companion animals and livestock. These diseases can spread quickly within
animal populations and, in some cases, can even affect humans (zoonotic
diseases). As a result, there is a growing awareness and concern among pet
owners, farmers, and veterinary professionals regarding the need for rapid and
accurate diagnostics to detect and manage infectious diseases promptly.
Secondly, the ongoing emergence of new and re-emerging infectious diseases in
animals has heightened the demand for effective diagnostic tools. Climate
change increased international travel, and changes in farming practices have
all contributed to the re-emergence of previously controlled diseases and the
emergence of new ones. This dynamic landscape necessitates adaptable and
versatile diagnostic solutions that can quickly identify and differentiate
between various pathogens. Additionally, the COVID-19 pandemic has underscored
the importance of infectious disease diagnostics in the animal healthcare
sector. While the pandemic primarily affected humans, it also highlighted the
potential for animal reservoirs of infectious diseases. Veterinary PoC
diagnostics played a crucial role in monitoring and managing COVID-19 cases in
animals, including companion animals and livestock. Furthermore, advancements
in diagnostic technologies, including molecular testing and
immunochromatography, have made it possible to detect a wide range of
infectious agents with high sensitivity and specificity at the point of care.
These technological developments have boosted the confidence of veterinarians
and animal owners in the accuracy and reliability of infectious disease
diagnostics, driving market growth.
Based on Region, The Asia Pacific region is experiencing the fastest growth in the veterinary point-of-care diagnostics market, driven by several key factors. Notably, India plays a significant role in this expansion, with its market projected to grow at a compound annual growth rate (CAGR) of 17.5% from 2025 to 2030. This surge is attributed to the increasing livestock population and rising pet adoption rates in the country. The Indian government's initiatives, such as the National Animal Disease Control Programme, aim to enhance veterinary healthcare infrastructure, particularly in rural areas, further propelling market growth. Additionally, private sector investments in establishing veterinary clinics and diagnostic centers equipped with point-of-care technologies are bridging the gap between urban and rural veterinary services, making advanced diagnostics more accessible across the region.
Major companies operating in Global Veterinary Point of Care
Diagnostics Market are:
- Zoetis Inc.
- IDEXX Laboratories,
Inc.
- Virbac SA
- Heska Corporation
- Thermo Fisher
Scientific, Inc
- Mindray Medical
International Limited
- Esaote S.P.A.
- FUJIFILM Corporation
- Woodley Equipment
Company Ltd
- Getein Biotech
Download Free Sample Report
Customers can also request for 10% free customization on this report.
“The Veterinary Point of Care Diagnostics market has witnessed
remarkable growth in recent years, driven by a range of innovative companies
and significant technological advancements. Leading companies in this market,
such as IDEXX Laboratories, Zoetis Inc., Heska Corporation, and Abaxis (a
subsidiary of Zoetis), have played a pivotal role in shaping the landscape of
animal healthcare through their cutting-edge diagnostic solutions. These
companies have invested heavily in research and development, resulting in the
creation of sophisticated PoC diagnostic devices capable of rapidly and
accurately detecting a wide array of health conditions in animals. Technological
advancements, including the integration of artificial intelligence, machine
learning algorithms, and the development of compact, portable diagnostic
devices, have revolutionized the way veterinarians diagnose and treat animals.
These advancements enable quick and precise results, thereby facilitating
prompt decision-making and improved patient care. The ongoing evolution of
diagnostic technologies, coupled with the commitment of market leaders and
innovative startups, ensures that the Veterinary Point of Care Diagnostics
market remains dynamic and responsive to the evolving needs of veterinarians
and pet owners alike.” said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“Veterinary Point of Care Diagnostics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Consumables, Reagents, Kits, Instruments & Devices), By Animal Type {Companion Animals (Dogs, Cats, Horses, Others), Livestock Animals (Cattle, Swine, Poultry, Others), By Sample Type (Blood/Plasma/Serum, Urine, Fecal, Others), By Indication (Infectious Disease, General Ailments, Others), By Testing Category (Hematology, Diagnostic Imaging, Bacteriology, Virology, Cytology, Clinical Chemistry, Parasitology, Serology, Others), By End User (Veterinary Hospitals & Clinics, Home Care Settings, Others) By Region and Competition, 2020-2030F,”, has evaluated the future growth potential of Global Veterinary Point
of Care Diagnostics Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Veterinary
Point of Care Diagnostics Market.
Contact
TechSci Research LLC
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Website: https://www.techsciresearch.com