Veterinary Rapid Tests Market

Veterinary Rapid Tests Market Size

Veterinary Rapid Exams estimated at over USD 740.9 million in 2022, market size is expected to achieve over 8.9% CAGR between 2023 and 2032. Driving the global market expansion include growing choice for at-home and farm testing, growing veterinarian health awareness and rising global animal health spending, and rising demand for food items derived from animals.

To get key market trends

  Download Free Sample

Veterinary quick tests are those used for animal screening including those of cats, dogs, cattle, and bovine. One uses a sample of a specimen on a gadget to accomplish these tests. The outcomes are achieved once when antibody-antigen engage with one another; subsequently, the device produces a visible sign. Veterinary fast tests are quick and straightforward to do. These exams can be completed at home and have better accuracy than others.

What are the growth opportunities in this market?

 Download Free Sample

Veterinary fast diagnostics produce instantaneous results that translate into quick therapy. Veterinary diagnostics methods for the identification of diseases in animals received more attention during the COVID-19 epidemic, which resulted in a favorable increase in veterinary quick testing although the continuous negative consequences on global markets. Therefore, favorable legislative conditions and availability of research funds for efficient veterinary quick tests during the COVID-19 produced major market development prospects. Veterinary rapid test market participants as well as new players provide a significant number that will drive demand for veterinary fast tests.

Covid-19 Impact

Millions of people all over have suffered greatly from the terrible worldwide epidemic, which has also caused a sad increase in mortality. Hospitals were obliged to give emergency treatment top priority during this unparalleled period, therefore postponing all non-urgent and elective operations. Concurrent with COVID-19 instances rising, demand for quick tests—for animals as well as humans—gushed. Research labs, government agencies, and healthcare behemoths put out much effort to create fast, dependable, reasonably priced veterinary rapid tests. Leading companies including the WHO, OSHA, and CDC stood up to help shape and apply these tests. Governments all around are closely reviewing and implementing the best suitable plans to guarantee correct and timely veterinary testing.

Veterinary Rapid Tests Market Trends

The rise of zoonotic diseases is mostly causing the veterinary market to grow. Starting in animals and then spreading to humans, these diseases kill millions of people year and cause over a billion illnesses. With 75% of those derived from animals, over 30 novel human illnesses have emerged over the past thirty years alone. Growing worldwide popularity of pet ownership helps to explain part of this increased risk of zoonotic infections. Pet borne virues, bacteria, fungi, and parasites find their way to humans. Rural locations of underdeveloped countries where people often live closely with animals pose great risk. To offset these risks, fast veterinarian tests able to detect zoonotic illnesses in companion animals are much sought for. This will protect public health, prevent the transmission of these diseases to humans, and drive the growth of the veterinary market in coming years.

Veterinary Rapid Tests Market Analysis

Learn more about the key segments shaping this market

 Download Free Sample

Product type-based veterinary rapid test market is divided into rapid test kits and rapid test readers. With USD 487.5 million in share, the category on fast test kits led. It is explained by the capacity to do one or several tests as necessary to make the most favorable medical judgments while preventing loss of time and money. Rapid test kits with specificities ranging from 90% to 100% can be kept at room temperature for a longer amount of time, so enabling quicker findings. Such exact testing will result in early diagnosis and treatment, hence raising sector demand.

Learn more about the key segments shaping this market

 Download Free Sample

Veterinary rapid tests market by animal type is classified into companion animals and livestock animals. The companion animals segment further includes dogs, cats, horses, and other companion animals whereas, livestock animals segment further includes cattle, swine, poultry, and other livestock animals. The companion animals segment is expected to account for the largest share of the global veterinary rapid diagnostic tests market in 2022. The large share of this segment is attributed to the large population base of pets globally, high awareness regarding regular check-ups and testing in pet owners and increasing pet care expenditure.

Veterinary rapid tests market by application is classified into viral, bacterial, parasitic, allergies, and other applications. The factors responsible for the growth are increasing viral infection outbreaks in animals, the focus of authorities to monitor and control disease outbreaks in animals globally, and the risk of viral infections of cross-species barrier and infections in humans.

Looking for region specific data?

 Download Free Sample

North America veterinary rapid tests market accounted for more than USD 306 million in 2022 and is estimated to witness significant CAGR during the forecast period. The regional growth is attributed to the well-established veterinary medical infrastructure, ongoing technological advancements, surge in R&D activities leads to the growth of the veterinary rapid test market. Due to the presence of advanced veterinary healthcare infrastructure and availability of notable industry players, it leads to the development of veterinary rapid tests in this region.

Veterinary Rapid Tests Market Share

The global veterinary rapid tests industry consists of several players including

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

These companies are implementing several strategies such as collaborations, acquisitions, partnerships, mergers, and product launches, etc. to maintain a competitive edge in the industry.

Veterinary Rapid Tests Industry in News

• In October 2021, Heska Corporation announced that the Company has acquired majority ownership of Biotech Laboratories U.S.A. LLC, a leading developer of rapid assay diagnostics testing, and with this acquisition Heska Corporation increased its share in the Rapid Assay Point of Care Diagnostics market.

The veterinary rapid tests market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments

Click here to Buy Section of this Report

By Product Type

• Rapid test kits
• Rapid test readers

By Test Type

• Antigen-based rapid test
• Antibody-based rapid test
• Mixed tests

By Application

• Viral
• Parasitic
• Bacterial
• Allergies
• Other applications

By Animal Type

• Companion animals
  • Dogs
  • Cats
  • Horses
  • Other companion animals
• Livestock animals
  • Cattle
  • Swine
  • Poultry
  • Other livestock animals

By Sample Type

• Blood
• Feces
• Serum
• Plasma
• Urine
• Other sample types

By End-user

• Homecare settings
• Veterinary hospitals
• Veterinary clinics
• Other end-users

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Qatar

Rest of Middle East & Africa