Veterinary Point Of Care Diagnostics Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The increasing pet adoption is the main factor is contributing factor in the veterinary industry. Furthermore, the increasing number of diseases in the animal is also contributing to the increasing market of the veterinary point-of-care diagnostic industry. For instance, according to Vikaspedia (Government of India), the total Livestock population is 535.78 million in the country showing an increase of 4.6% over Livestock Census2012, and the total Bovine population (Cattle, Buffalo, Mithun, and Yak) is 302.79 Million in 2019 which shows an increase of 1.0% over the previous census. Furthermore, the increasing number of zoological parks and rising efforts on animal conservation in them have a significant effect on the market for point of care in veterinary treatment.

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According to UnivDatos Market Insights (UMI)’ research report “Global Veterinary Point Of Care Diagnostics Market Analysis, 2021”, the veterinary point of care diagnostics market is projected to grow at a CAGR of ~12% during 2021-27F. The rising population of pets and the diseases among them are the factors that drive the worldwide demand for efficient diagnostic solutions augmenting the growth of the veterinary point of care diagnostics market globally.

Based on the animal type, the market is segmented into livestock and companion. The livestock segment is expected to witness significant growth. The increasing cattle population and growing adoption of modern technology to provide care to the animals attribute to the market growth of the segment in the veterinary market. For instance, as per the Department Of Animal Husbandry and Dairying – Government of India, in 2019, the female cattle population was 145.12 million which increased by 18.0% over 2012.

Based on the product, the market is segmented into consumables and instruments. The consumables segment is expected to witness significant growth during the forecast period. This is mainly due to the presence of the range of products and the ease in availability of the product. For instance, in August 2020, the Eurolyser launched a new veterinary assay for the diagnosis of chronic kidney disease named SDMA(Symmetric dimethylarginine). It gives results in 8 minutes and can be used at home.

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Based on the end-users, the market is segmented into veterinary hospitals & clinics, home care settings, and others. The veterinary hospitals & clinics segment is expected to witness significant growth. The rising pet adoption along with the rising prevalence of diseases and increasing health concerns among pet owners are the reasons for the growth of the segment in the veterinary point-of-care diagnostics market. Furthermore, the specialization of hospitals & clinics is also an important factor that is responsible for the growth of the segment in the veterinary point of care diagnostic industry.

North America to Grab Lion’s Share, and witnessed Explicit Growth

Based on the region, North America dominated the global veterinary point of care diagnostics market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to the well-established market players and frequent product launches. North America is expected to skyrocket with a robust CAGR in the forecast period, as stated in UnivDatos Market Insights (UMI)’ research report “Global Veterinary Point Of Care Diagnostics Market Analysis, 2021”. 

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the veterinary point of care diagnostics market include IDEXX Laboratories, Zoetis, Virbac, Heska Corporation, Thermo Fisher Scientific, Inc., Neogen Corporation, Mindray, Esaote SpA, FUJIFILM Corporation, and Woodley Equipment Company Ltd among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Veterinary Point Of Care Diagnostics Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for veterinary point of care diagnostics providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1.     By Animal Type (Livestock and Companion)

2.     By Product (Consumables and Instruments)

3.     By End-users (Veterinary Hospitals & Clinics, Home Care Settings, and Others)

4.     By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.     By Company (IDEXX Laboratories, Zoetis, Virbac, Heska Corporation, Thermo Fisher Scientific, Inc., Neogen Corporation, Mindray, Esaote SpA, FUJIFILM Corporation, and Woodley Equipment Company Ltd., etc.)

Key questions answered in the study:

1.     What are the current and future trends of the veterinary point of care diagnostics industry?

2.     How the industry has been evolving in terms of animal type, product, and end-users?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the veterinary point of care diagnostics industry?

5.     What is the customer orientation, purchase behavior, and expectations from the veterinary point of care diagnostics firms across various regions?  

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL VETERINARY POINT OF CARE DIAGNOSTICS MARKET COVID-19 IMPACT

6 GLOBAL VETERINARY POINT OF CARE DIAGNOSTICS MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY ANIMAL TYPE

8 MARKET INSIGHTS BY PRODUCT

9 MARKET INSIGHTS BY END-USERS

10 MARKET INSIGHTS BY REGION

11 VETERINARY POINT OF CARE DIAGNOSTICS MARKET DYNAMICS

12 VETERINARY POINT OF CARE DIAGNOSTICS MARKET OPPORTUNITIES

13 VETERINARY POINT OF CARE DIAGNOSTICS MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY-SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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