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.