Veterinary Rapid Test Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Veterinary Rapid Test Market: By Product (Rapid Test Kit and Rapid Test Readers), By Application (On-Trade (Viral, Bacterial, Parasite, and Allergies), By Animal Type (Companion Animals and Livestock Animals), and Geography

 

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Report

Description

Veterinary Rapid Test Market size is valued at USD 672.07 million in 2021. It is expected to reach a value of USD 1084.38 million by 2028, growing at a CAGR of 8.2% from 2022-2028. The rising prevalence of infectious diseases in companion animals, such as parasite infections and the influenza virus, will drive demand for veterinary quick testing even higher. Animal injuries are becoming more common, animal healthcare costs are rising, and pet adoption is on the rise all over the world, accelerating industry growth. However, high veterinary treatment expenses may limit the growth of the veterinary quick tests market over the forecast period. Due to technical developments in quick test kits, the rapid test kits category is expected to hold a considerable revenue share. During the projection period, a surge in demand for fast test kits, such as ELISA kits, tumour marker test kits, allergy test kits, and others, will drive revenue growth. Simple, cost-effective, and simple-to-use quick tests are now available. Over the next few years, kits that allow for the rapid identification of medical disorders will become more popular.

Veterinary Rapid Test Market

MARKET SUMMARY
-
8.2%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 8.2%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– Europe

Veterinary Rapid Test Market

  • The global veterinary rapid Test market report gives comprehensive outlook on Veterinary Rapid Test Market across the globe with special emphasis on key regions such as Asia Pacific, North America, Europe, Latin America, and Middle East and Africa.
  • The report on global veterinary rapid Test market gives historical, current, and future market sizes (US$ Mn) on the basis of type, end-user and Region.
key players
  • Zoetis, Inc.
  • Heska Corporation
  • Fassisi GmbH
  • Virbac
  • IDEXX Laboratories, Inc.
Veterinary Rapid Test Market

DRIVERS AND RESTRAINTS

Increase in prevalence of zoonotic diseases in urbanized and emerging economies are expected to surge demand for rapid diagnostic tests of diseases is anticipated to fuel the growth of the market. For instance, according International Livestock Research, zoonotic diseases are the main problems in the path out of poverty for one billion livestock caretakers. There is growing demand for effective test kits and other products is projected to boost the growth of the market over the future years.


Asia Pacific got significant share

Veterinary Rapid Test Market

Asia Pacific is leading the global market and is expected to grow with significant CAGR owing to growth in pet ownership and increase in focus towards animal health, rise in number of government initiative to encourage animal health in the emerging economies of the region such as China, India, and Indonesia. According to estimates, the number of animal lovers in the region has been increased over the past years and the number of pets has increased promptly in countries like China. In 2018, According to the China Pet Industry, a common study issued Goumin.com, and Pet Fair Asia online pet community, there are almost 92 million canines and felines as pets in the urban areas of China.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

 

Veterinary Rapid Test Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Veterinary Rapid Test Market Introduction
    • Global Veterinary Rapid Test Market – Taxonomy
    • Global Veterinary Rapid Test Market –Definitions
      • Product
      • Animal Type
      • Application
  1. Global Veterinary Rapid Test Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Veterinary Rapid Test Market Dynamic Factors – Impact Analysis
    • Global Veterinary Rapid Test Market – Competition Landscape
  2. Global Veterinary Rapid Test Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Veterinary Rapid Test Market, By Product, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Rapid Test Readers
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Rapid Test Kits
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Veterinary Rapid Test Market Forecast, By Animal Type, 2015 – 2019 and Forecast, 2020 – 2026
    • Livestock Animals
      • Swine
        • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Cattle
        • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Poultry
        • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Other Livestock Animals
        • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Companion Animals
        • Dogs
          • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Horses
          • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Cats
          • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Other Companion Animals
          • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
  1. Global Veterinary Rapid Test Market Forecast, By Application, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Bacterial Diseases
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Allergies
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Parasitic Diseases
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Viral Diseases
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Other Applications
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Veterinary Rapid Test Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Veterinary Rapid Test Market – Opportunity Analysis Index, By Product, Animal Type, Application and Region, 2020 – 2026
  2. North America Veterinary Rapid Test Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Rapid Test Readers
      • Rapid Test Kits
    • Animal Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Livestock Animals
        • Swine
        • Cattle
        • Poultry
        • Other Livestock Animals
      • Companion Animals
        • Dogs
        • Horses
        • Cats
        • Other Companion Animals
      • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Bacterial Diseases
        • Allergies
        • Parasitic Diseases
        • Viral Diseases
        • Other Applications
      • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • US
        • Canada
      • North America Veterinary Rapid Test Market – Opportunity Analysis Index, By Product, Animal Type, Application and Country, 2020 – 2026
      • North America Veterinary Rapid Test Market Dynamics – Trends
  1. Europe Veterinary Rapid Test Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Rapid Test Readers
      • Rapid Test Kits
    • Animal Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Livestock Animals
        • Swine
        • Cattle
        • Poultry
        • Other Livestock Animals
      • Companion Animals
        • Dogs
        • Horses
        • Cats
        • Other Companion Animals
      • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Bacterial Diseases
        • Allergies
        • Parasitic Diseases
        • Viral Diseases
        • Other Applications
      • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Germany
        • UK
        • France
        • Spain
        • Italy
        • Russia
        • Poland
        • Rest of Europe
      • Europe Veterinary Rapid Test Market – Opportunity Analysis Index, By Product, Animal Type, Application and Country, 2020 – 2026
      • Europe Veterinary Rapid Test Market Dynamics – Trends
  1. Asia-Pacific Veterinary Rapid Test Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Rapid Test Readers
      • Rapid Test Kits
    • Animal Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Livestock Animals
        • Swine
        • Cattle
        • Poultry
        • Other Livestock Animals
      • Companion Animals
        • Dogs
        • Horses
        • Cats
        • Other Companion Animals
      • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Bacterial Diseases
        • Allergies
        • Parasitic Diseases
        • Viral Diseases
        • Other Applications
      • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Japan
        • China
        • India
        • ASEAN
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • Asia-Pacific Veterinary Rapid Test Market – Opportunity Analysis Index, By Product, Animal Type, Application and Country, 2020 – 2026
      • Asia-Pacific Veterinary Rapid Test Market Dynamics – Trends
  1. Latin America Veterinary Rapid Test Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Rapid Test Readers
      • Rapid Test Kits
    • Animal Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Livestock Animals
        • Swine
        • Cattle
        • Poultry
        • Other Livestock Animals
      • Companion Animals
        • Dogs
        • Horses
        • Cats
        • Other Companion Animals
      • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Bacterial Diseases
        • Allergies
        • Parasitic Diseases
        • Viral Diseases
        • Other Applications
      • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • Latin America Veterinary Rapid Test Market – Opportunity Analysis Index, By Product, Animal Type, Application and Country, 2020 – 2026
      • Latin America Veterinary Rapid Test Market Dynamics – Trends
  1. Middle East and Africa Veterinary Rapid Test Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Rapid Test Readers
      • Rapid Test Kits
    • Animal Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Livestock Animals
        • Swine
        • Cattle
        • Poultry
        • Other Livestock Animals
      • Companion Animals
        • Dogs
        • Horses
        • Cats
        • Other Companion Animals
      • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Bacterial Diseases
        • Allergies
        • Parasitic Diseases
        • Viral Diseases
        • Other Applications
      • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Gulf Cooperation Council (GCC) Countries
        • Israel
        • South Africa
        • Rest of MEA
      • MEA Veterinary Rapid Test Market – Opportunity Analysis Index, By Product, Animal Type, Application and Country, 2020 – 2026
      • MEA Veterinary Rapid Test Market Dynamics – Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Zoetis Inc. (US)
      • IDEXX Laboratories Inc. (US)
      • Heska Corporation (US)
      • Biopanda Reagents Ltd. (UK)
      • Fassisi GmbH (Germany)
      • Virbac (France)
      • (South Korea)
      • SWISSAVANS AG (Switzerland)
      • MEGACOR Diagnostik GmbH (Austria)
      • Woodley Equipment Company (UK).
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Zoetis, Inc.
  • Heska Corporation
  • Fassisi GmbH
  • Virbac
  • IDEXX Laboratories, Inc.
  • Biopanda Reagents Ltd.
  • SWISSAVANS AG
  • BioNote, Inc.
  • MEGACOR Diagnostik GmbH
  • Woodley Equipment Company

Description

Veterinary Rapid Test Market size is valued at USD 672.07 million in 2021. It is expected to reach a value of USD 1084.38 million by 2028, growing at a CAGR of 8.2% from 2022-2028. The rising prevalence of infectious diseases in companion animals, such as parasite infections and the influenza virus, will drive demand for veterinary quick testing even higher. Animal injuries are becoming more common, animal healthcare costs are rising, and pet adoption is on the rise all over the world, accelerating industry growth. However, high veterinary treatment expenses may limit the growth of the veterinary quick tests market over the forecast period. Due to technical developments in quick test kits, the rapid test kits category is expected to hold a considerable revenue share. During the projection period, a surge in demand for fast test kits, such as ELISA kits, tumour marker test kits, allergy test kits, and others, will drive revenue growth. Simple, cost-effective, and simple-to-use quick tests are now available. Over the next few years, kits that allow for the rapid identification of medical disorders will become more popular.

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