Global Veterinary Rapid Tests Market (2021-2028)

Dublin, November 04, 2021 (GLOBE NEWSWIRE) – The report “Veterinary Rapid Tests Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Product, Application and Animal Type” has been added to ResearchAndMarkets.com offer.

The rapid veterinary testing market is expected to reach US $ 1,291.69 million by 2028, compared to US $ 733.87 million in 2021; it is expected to grow at a CAGR of 8.4% from 2021 to 2028.

The growth of the market is mainly attributed to the increasing incidence of zoonotic diseases and the increasing initiatives of governments and animal welfare associations in different countries. Moreover, the increasing number of product launches is expected to promote the growth of the market during the forecast period. However, the limited number of professionals skilled in veterinary diagnostics and the high costs of veterinary care are likely to hamper the growth of the market. Medical practices around the world continue to adapt to the challenges of COVID-19. European countries like Italy and Spain have recorded the maximum number of deaths from COVID-19. However, the animal health industry in European countries is little affected. In many countries millennials are increasingly seeing pets as an alternative to children, which is leading to the adoption of pets. For example, the demand for dogs and cats has increased in Germany due to the pandemic. According to the German Kennel Club (VDH), in 2020 around 20% more dogs were purchased compared to the previous year. This offers lucrative opportunities for market growth in the years to come.

Based on the product, the veterinary rapid test market is segmented into rapid test kits and rapid test readers. The rapid test kits segment is the largest shareholder in the market and is expected to register the highest CAGR during the forecast period. By Application, the veterinary rapid test market is segmented into viral diseases, bacterial diseases, parasitic diseases, allergies, and other applications. The viral diseases segment is the largest shareholder in the market and is expected to register the highest CAGR in the market during the forecast period. By animal type, the veterinary rapid testing market is segmented into companion animals and farm animals. The companion animal segment is sub-segmented into dogs, cats, horses and others. The livestock segment is divided into cattle, poultry, pigs and others. The livestock segment holds the largest share of veterinary rapid testing. However, the companion animal segment is expected to register the highest CAGR in the market during the forecast period.

Reasons to buy

  • Gain and reduce the time it takes to conduct entry-level research by identifying growth, size, leading players and segments of the Veterinary Rapid Tests market.
  • Highlights key business priorities to help companies realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global Rapid Veterinary Testing Market, thereby enabling value chain players to develop effective long term strategies.
  • Develop / modify business expansion plans using a substantial growth offering in developed and emerging markets.
  • Take an in-depth look at the global market trends and outlook associated with the factors driving the market, as well as those hindering it.
  • Improve the decision-making process by understanding the strategies that underpin security interests with respect to customer products, segmentation, pricing, and distribution.

Main topics covered:

1. Introduction

2. Veterinary Rapid Tests Market – Key Points to Remember

3. Research methodology

4. Global Veterinary Rapid Tests Market – Market Landscape
4.1 Overview
4.2 PEST analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST analysis
4.2.3 Asia-Pacific – PEST Analysis
4.2.4 Middle East and Africa (MEA) – PEST Analysis
4.2.5 South and Central America (SCAM) – PEST Analysis
4.3 Expert advice

5. Veterinary Rapid Tests Market – Key Market Dynamics
5.1 Market drivers
5.1.1 Growing Incidence of Zoonotic Diseases
5.1.2 Increase the initiatives of governments and animal welfare associations in different countries
5.2 Market restrictions
5.2.1 Limited number of professionals qualified in veterinary diagnostics
5.2.2 Rising costs of veterinary care and extension of the lifespan of companion animals
5.3 Market opportunities
5.3.1 Demand for advanced diagnostics to improve the diagnosis of veterinary diseases
5.4 Future trends
5.4.1 Increase in the number of product launches
5.5 Impact analysis

6. Veterinary Rapid Tests Market – Global Analysis
6.1 Global Veterinary Rapid Tests Market Forecast and Revenue Analysis
6.2 Global Veterinary Rapid Tests Market, By Geography – Forecast and Analysis
6.3 Market positioning of key players

7. Veterinary Rapid Tests Market Analysis – By Product
7.1 Overview
7.2 Veterinary Rapid Tests Market Revenue Share, by Product (2021 and 2028)
7.3 Rapid test kits
7.3.1 Overview
7.3.2 Rapid Test Kits: Veterinary Rapid Test Market Revenue and Forecast to 2028 (USD Million)
7.4 Rapid test readers
7.4.1 Overview
7.4.2 Rapid Test Readers: Veterinary Rapid Test Market Revenue and Forecast to 2028 (USD Million)

8. Veterinary Rapid Tests Market Analysis – By Application
8.1 Overview
8.2 Veterinary Rapid Tests Market Share, by Application, 2021 and 2028, (%)
8.3 Viral diseases
8.3.1 Overview
8.3.2 Viral Diseases: Veterinary Rapid Tests Market Revenue and Forecast to 2028 (USD Million)
8.4 Bacterial diseases
8.4.1 Overview
8.4.2 Bacterial Diseases: Veterinary Rapid Tests Market Revenue and Forecast to 2028 (USD Million) 8.4.2
8.5 Parasitic diseases
8.5.1 Overview
8.5.2 Parasitic Diseases: Veterinary Rapid Tests Market Revenue and Forecast to 2028 (USD Million) 8.5.2
8.6 Allergies
8.6.1 Overview
8.6.2 Allergies: Veterinary Rapid Tests Market Revenue and Forecast to 2028 (USD Million)
8.7 Other request
8.7.1 Overview
8.7.2 Other Application: Veterinary Rapid Tests Market Revenue and Forecast to 2028 (Million USD)

9. Veterinary Rapid Tests Market Analysis – By Animal Type
9.1 Overview
9.2 Veterinary Rapid Tests Market Revenue Share, by Animal Type (2021 and 2028)
9.3 Pets
9.3.1 Overview
9.3.2 Companion Animals: Veterinary Rapid Tests Market Revenue and Forecast to 2028 (USD Million)
9.3.2.1 Dogs
9.3.2.1.1 Overview
9.3.2.1.2 Dogs Market Revenue and Forecast to 2028 (Million USD)
9.3.2.2 Cats
9.3.2.2.1 Overview
9.3.2.2.2 Cat Market Revenue and Forecast to 2028 (Million USD)
9.3.2.3 Horses
9.3.2.3.1 Overview
9.3.2.3.2 Horse Market Revenue and Forecast to 2028 (Million US $)
9.3.2.4 Others
9.3.2.4.1 Overview
9.3.2.4.2 Other Market Revenue and Forecast to 2028 (Million USD)
9.4 Livestock
9.4.1 Overview
9.4.2 Livestock: Veterinary Rapid Testing Market Revenue and Forecast to 2028 (USD Million)
9.4.2.1 Cattle
9.4.2.1.1 Overview
9.4.2.1.2 Cattle Market Revenue and Forecast to 2028 (Million US $)
9.4.2.2 Pigs
9.4.2.2.1 Overview
9.4.2.2.2 Pig Market Revenue and Forecast to 2028 (Million US $)
9.4.2.3 Poultry
9.4.2.3.1 Overview
9.4.2.3.2 Poultry Market Revenue and Forecast to 2028 (Million USD)
9.4.2.4 Others
9.4.2.4.1 Overview
9.4.2.4.2 Other Market Revenue and Forecast to 2028 (Million USD)

10. Global Veterinary Rapid Tests Market – Geographic Analysis

11. Impact of the COVID-19 pandemic on the veterinary rapid tests market
11.1 North America: Assessing the impact of the COVID-19 pandemic
11.2 Europe: Assessment of the impact of the COVID-19 pandemic
11.3 Asia-Pacific: Assessment of the impact of the COVID-19 pandemic
11.1 Middle East and Africa: Assessing the Impact of the COVID-19 Pandemic
11.2 South and Central America: assessing the impact of the COVID-19 pandemic

12. Industry landscape
12.1 Overview
12.2 Growth strategies implemented by market companies, (%)
12.3 Organic developments
12.3.1 Overview
12.4 Inorganic developments
12.4.1 Overview

13. Company profiles
13.1 IDEXX LABORATORIES, INC.
13.1.1 Key facts
13.1.2 Company description
13.1.3 Products and services
13.1.4 Financial overview
13.1.5 SWOT Analysis
13.1.6 Key developments
13.2 Zoetis Inc.
13.2.1 Key facts
13.2.2 Company description
13.2.3 Products and services
13.2.4 Financial overview
13.2.5 SWOT Analysis
13.2.6 Key developments
13.3 Virbac
13.3.1 Key facts
13.3.2 Company description
13.3.3 Products and services
13.3.4 Financial overview
13.3.5 SWOT Analysis
13.3.6 Key developments
13.4 HESKA COMPANY
13.4.1 Key facts
13.4.2 Company description
13.4.3 Products and services
13.4.4 Financial overview
13.4.5 SWOT Analysis
13.4.6 Key developments
13.5 Biopanda Reagents Ltd
13.5.1 Key facts
13.5.2 Company description
13.5.3 Products and services
13.5.4 Financial overview
13.5.5 SWOT Analysis
13.5.6 Key developments
13.6 Fassisi GmbH
13.6.1 Key facts
13.6.2 Company description
13.6.3 Products and services
13.6.4 Financial overview
13.6.5 SWOT Analysis
13.6.6 Key developments
13.7 Bionote inc.
13.7.1 Key facts
13.7.2 Company description
13.7.3 Products and services
13.7.4 Financial overview
13.7.5 SWOT Analysis
13.7.6 Key developments
13.8 Swissavans SA
13.8.1 Key facts
13.8.2 Company description
13.8.3 Products and services
13.8.4 Financial overview
13.8.5 SWOT Analysis
13.8.6 Key developments
13.9 MEGACOR Diagnostik GmbH
13.9.1 Key facts
13.9.2 Company description
13.9.3 Products and services
13.9.4 Financial overview
13.9.5 SWOT Analysis
13.9.6 Key developments
13.10 Woodley Equipment Company Ltd
13.10.1 Key facts
13.10.2 Company description
13.10.3 Products and services
13.10.4 Financial overview
13.10.5 SWOT Analysis
13.10.6 Key developments

14. Annex

For more information on this report, visit https://www.researchandmarkets.com/r/kvhj3q


        
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