Veterinary Rapid Test Market to Grow with a CAGR of 9.01% through 2029
Growing demand
for specialized veterinary services is expected to drive the Global Veterinary
Rapid Test Market growth in the forecast period, 2025-2029
According to
TechSci Research report, “Veterinary Rapid Test Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2029”,
the Global Veterinary Rapid Test Market stood at USD 822.11 million in 2023 and
is anticipated to grow with a CAGR of 9.01% in the forecast period, 2025-2029. There
is a growing awareness among pet owners, livestock farmers, and animal health
professionals about the importance of maintaining optimal health and well-being
in animals. As a result, there is an increasing demand for diagnostic tools
that can facilitate early detection of diseases and infections in animals.
Veterinary rapid tests offer a convenient and cost-effective solution for
diagnosing a wide range of conditions, ranging from infectious diseases to
hormonal imbalances, thereby contributing to the overall health and welfare of
animals.
Zoonotic
diseases, which can be transmitted from animals to humans, pose significant
public health threats worldwide. The rising prevalence of zoonotic diseases
such as rabies, avian influenza, and leptospirosis has heightened the
importance of early detection and control measures in animals. Veterinary rapid
tests enable quick and accurate diagnosis of these diseases, allowing
veterinarians and public health authorities to implement timely interventions
to prevent outbreaks and minimize human exposure to pathogens.
Advancements in
technology have led to the development of highly sensitive and specific rapid
diagnostic tests that can be performed at the point of care. These
point-of-care tests eliminate the need for sending samples to centralized
laboratories, allowing veterinarians to obtain rapid results and make timely
treatment decisions. Moreover, the integration of smartphone-based applications
and wireless connectivity features enables real-time data sharing and remote
consultation, further enhancing the efficiency and accessibility of veterinary
rapid testing.
The growing
trend of pet ownership, particularly in urban areas, has led to increased
spending on companion animal healthcare services. Pet owners are increasingly
seeking preventive care and early disease detection for their pets, driving the
demand for veterinary rapid tests. Additionally, advancements in pet insurance
coverage and the availability of affordable diagnostic options have further
incentivized pet owners to invest in routine health screenings and diagnostic
testing for their animal companions.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on
"Global Veterinary Rapid Test Market”
The Global Veterinary
Rapid Test Market is segmented into product,
category, technology, end use, regional distribution, and company
Based on the product,
test kits emerged as the dominant segment in the global veterinary rapid test
market in 2023. test kits provide rapid results, enabling veterinarians to make
prompt treatment decisions and implement preventive measures to control disease
outbreaks. Rapid testing is particularly critical in emergency situations or
disease surveillance programs, where timely intervention is essential to
prevent the spread of infectious diseases among animal populations. Moreover,
advancements in test kit technology have led to the development of highly
sensitive and specific assays capable of detecting a wide range of pathogens
and analytes in various sample types. These advancements have expanded the
diagnostic capabilities of test kits, allowing for the detection of emerging
pathogens and the screening of multiple diseases simultaneously.
Additionally,
the affordability and cost-effectiveness of test kits make them attractive to
veterinarians and animal owners, particularly in resource-limited settings or
regions with constrained healthcare budgets. Test kits offer a cost-effective
alternative to traditional laboratory testing, reducing the overall cost of
veterinary diagnostics while maintaining diagnostic accuracy and reliability.
Based on the testing category, virology
emerged as the dominant segment in the global veterinary rapid test market in
2023. The increasing prevalence of viral diseases in animals, including both
endemic and emerging viruses, has heightened the demand for virology testing.
Outbreaks of viral diseases such as avian influenza, porcine epidemic diarrhea
virus (PEDV), and bovine viral diarrhea virus (BVDV) have underscored the
importance of virology testing in surveillance, early detection, and
containment efforts. Additionally, advancements in virology testing
technologies have expanded the diagnostic capabilities of rapid tests, allowing
for the detection of a wide range of viral pathogens with high sensitivity and
specificity. These technological advancements have facilitated the development
of rapid virology tests capable of providing quick and reliable results,
thereby enhancing the efficiency and effectiveness of veterinary diagnostics.
North America emerged
as the dominant player in the global veterinary rapid test market in 2023,
holding the largest market share. The region has a large and diverse pet
population, with a significant proportion of households owning pets such as
dogs, cats, and horses. The growing trend of pet humanization and the
increasing emphasis on pet health and wellness have fueled the demand for
preventive healthcare services, including rapid diagnostic testing for early
disease detection.
Major companies
operating in Global Veterinary Rapid Test Market are:
- Zoetis Inc.
- IDEXX Laboratories,
Inc.
- Virbac
- Heska Corporation
(Mars Inc.)
- Thermo Fisher
Scientific, Inc
- Neogen Corporation
- Prometheus Bio Inc.
- Fassisi GmbH
- Biopanda Reagents
Ltd
- Boster Biological
Technology
Download Free Sample Report
Customers can
also request for 10% free customization on this report
“The Global Veterinary
Rapid Test Market is poised for significant growth in the coming years. Increasing
awareness of animal health and welfare, coupled with the rise in pet ownership
and intensification of livestock farming practices, is expected to fuel demand
for rapid diagnostic tests in veterinary medicine. Secondly, technological
advancements in point-of-care testing and the development of highly sensitive
and specific assays are enhancing the efficiency and accuracy of veterinary
rapid tests, further driving market growth. Additionally, strategic investments
in animal health infrastructure and collaborative initiatives to promote
preventive healthcare are likely to expand the reach and accessibility of
veterinary rapid testing services.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based management consulting firm.
“Veterinary
Rapid Test Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2019-2029 Segmented By Product (Test Kits, Readers), By Category
(Virology, Parasitology, Bacteriology, Clinical Chemistry, Other Categories),
By Technology (Immunoassays, PCR), By End Use (Veterinary Hospitals &
Clinics, Homecare Settings, Other End Use) Region and Competition”,
has evaluated the future growth potential of Global Veterinary Rapid Test 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 Rapid Test Market.
Contact
TechSci
Research LLC
420
Lexington Avenue, Suite 300,
New York,
United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com