ReportsnReports has recently added concise research on the “Veterinary PoC Diagnostics Market” by Product (Imaging Systems, Analyzers, Reagents), Technology (Immuno & Molecular Diagnostics), Application (Pathology, Bacteriology, Gynecology), Animal (Cat, Dog, Horse, Cattle), End User, Region-Global Forecast to 2025. “The global veterinary point-of-care diagnostics market is projected to grow at a CAGR of 8.9% during the forecast year.”
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This Veterinary PoC Diagnostics Market research report is a rigorous analysis of the existing scenario of the market, which covers several market dynamics. With full devotion, the superior, transparent, and all-inclusive market report is offered to the client that extends their reach to success.
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The global veterinary point-of-care diagnostics market size is projected to reach USD 2.4 billion by 2025 from USD 1.4 billion in 2019, at a CAGR of 8.9%. The increasing prevalence of zoonotic diseases among companion and livestock animals and the growing need for rapid disease detection are the major factors driving the growth of this market.
However, the high cost of veterinary imaging instruments is expected to restrain market growth to a certain extent.
Prominent players in the veterinary point-of-care diagnostics market are Zoetis, Inc.
(US), IDEXX Laboratories, Inc. (US), Heska Corporation (US), Virbac (France), Thermo Fisher Scientific, Inc. (US), Eurolyser Diagnostica GmbH (Austria), Woodley Equipment Company (UK), Randox Laboratories Ltd. (UK), AniPOC, Ltd. (UK), Carestream Health, Inc. (a part of ONEX Corporation) (Canada), NeuroLogica Corporation (a part of Samsung Electronics Co. Ltd.) (South Korea), and FUJIFILM SonoSite (a part of FUJIFILM Holdings Corporation) (Japan).
“The consumables segment dominates the veterinary point-of-care diagnostics market.”
Based on product, the veterinary point-of-care diagnostics market is segmented into consumables and instruments. Consumables accounted for the largest market share in 2018.
The large share of the consumables segment can be attributed to the increasing demand for the rapid detection of diseases, the growing prevalence of animal zoonotic diseases, and growth in the companion animal population worldwide. This segment is also expected to grow at the highest CAGR during the forecast period.
“By technology, the clinical biochemistry segment accounted for the largest share of the veterinary point-of-care diagnostics market in 2018.”
On the basis of technology, the veterinary point-of-care diagnostic kits & analyzers market has been segmented into immunodiagnostics, clinical biochemistry, hematology, urinalysis, molecular diagnostics, and other technologies. The clinical biochemistry segment accounted for the largest share of the veterinary point-of-care diagnostic kits & analyzers market in 2018.
The higher preference for advanced clinical diagnostic products by veterinarians and pet owners and the wide applications of this technology are contributing to the large share of this market.
“The Asia Pacific market to witness the highest growth during the forecast period.”
The Asia Pacific market is expected to witness the highest growth during the forecast period, primarily due to the rapidly increasing animal population, growing adoption of veterinary diagnostic products, and rising demand for animal-derived food products.
Breakdown of primary participants is as mentioned below:
- By Company Type: Tier 1: 35%, Tier 2: 40%, and Tier 3: 25%
- By Designation: C-level: 35%, Director-level: 25%, and Others: 40%
- By Region: North America: 35%, Europe: 30%, Asia Pacific: 15%, Middle East and Africa: 10%, and Latin America:10%
The report analyzes the veterinary point-of-care diagnostics market and aims at estimating the market size and future growth potential of this market based on various segments, such as product, technology, application, animal type, end user, and region.It also covers competitive leadership mapping, which helps in analyzing the position of key market players as visionary leaders, innovators, dynamic players, and emerging players. The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, recent developments, and key market strategies.
Reasons to Access the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them to garner a greater market share. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their position in the market.
This report provides insights into the following pointers:
- Market Penetration: Comprehensive information on product portfolios offered by the top players in the global veterinary point-of-care diagnostics market. The report analyzes this market by product, technology, application, animal type, end user, and region.
- Product Enhancement/Innovation: Detailed insights on upcoming trends and launches in the global veterinary point-of-care diagnostics industry
- Market Development: Comprehensive information on the lucrative emerging markets by product, application, animal, end user, technology,and region
- Market Diversification: Exhaustive information about new testing services, growing geographies, recent developments, and investments in the global veterinary point-of-care diagnostics industry
- Competitive Assessment: In-depth assessment of market shares, growth strategies, service offerings, and capabilities of leading players in the global veterinary point-of-care diagnostics market
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Table of Contents
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
18.104.22.168 Key Data From Secondary Sources
2.1.2 Primary Data
22.214.171.124 Key Data From Primary Sources
126.96.36.199 Breakdown Of Primary Sources
2.2 Market Size Estimation
2.3 Market Breakdown And Data Triangulation
2.4 Market Share Estimation
2.5 Assumptions For The Study
3 Executive Summary
4 Premium Insights
4.1 Veterinary Point-Of-Care Diagnostics Market Overview
4.2 Regional Mix: Veterinary Point-Of-Care Diagnostics Market (2017–2025)
4.3 Veterinary Point-Of-Care Diagnostics Market: Developed Vs. Developing Markets, 2019 Vs. 2025
4.4 Veterinary Point-Of-Care Diagnostics Market: Geographic Growth Opportunities
5 Market Overview
5.2 Market Dynamics
188.8.131.52 Growth In The Companion Animal Population
184.108.40.206 Increasing Prevalence Of Zoonotic Diseases
220.127.116.11 Advantages Of Poct
18.104.22.168 Increasing Demand For Animal-Derived Food Products
22.214.171.124 Growing Demand For Pet Insurance & Increasing Pet Care Expenditure
126.96.36.199 High Cost Of Veterinary Imaging Systems
188.8.131.52 Untapped Emerging Markets
184.108.40.206 Low Animal Healthcare Awareness And Inadequate Infrastructure
220.127.116.11 Shortage Of Veterinarians In Emerging Markets
6 Veterinary Point-Of-Care Diagnostics Market, By Product
6.2.1 Kits & Reagents
18.104.22.168 Increasing Demand For Rapid Disease Diagnosis To Support Market Growth
6.2.2 Imaging System Reagents
22.214.171.124 Increasing Adoption Of Imaging Technologies For Disease Diagnosis To Drive The Demand For Imaging System Reagents
6.3.1 Imaging Systems
126.96.36.199 Radiography (X-Ray) Systems
188.8.131.52.1 X-Ray Systems Enable The Rapid Acquisition Of Digital Radiographs Of Small And Large Animals In Both Practice-Based And Field Environments
184.108.40.206 Ultrasound Systems
220.127.116.11.1 Ultrasound Is An Ideal Noninvasive Tool To Get Faster And More Accurate Diagnoses Of The Internal Structures Of An Animal’s Body
18.104.22.168 Computed Tomography Systems
22.214.171.124.1 Portable Ct Imaging Provides Information That Cannot Be Obtained Using Portable Radiography And Ultrasound
126.96.36.199 Thermal Imaging Systems
188.8.131.52.1 Thermography Is Used To Determine Inflammation And Access Blood Flow To Tissues
184.108.40.206 Key Companies Are Focusing On Developing Analyzers That Integrate Several Technologies To Obtain Accurate Results
7 Veterinary Point-Of-Care Diagnostic Kits & Analyzers Market, By Technology
7.2 Clinical Biochemistry
7.2.1 Growing Number Of Health Screening Tests To Support Market Growth
7.3.1 Immunodiagnostics Is The Fastest-Growing Technology Segment In The Poc Diagnostics Market
7.4.1 Hematology Analyzers Aid In Quick Blood Analysis In Animals
7.5.1 Need For Early Diagnosis Of Metabolic Diseases To Support The Growth Of This Technology Segment
7.6 Molecular Diagnostics
7.6.1 Growing Demand For Faster Detection Of Chronic Diseases & Genetic Disorders To Support Market Growth
7.7 Other Technologies
8 Veterinary Point-Of-Care Diagnostics Market, By Application
8.1 Veterinary Kits & Analyzers Market, By Application
8.1.2 Clinical Pathology
220.127.116.11 Clinical Pathology Is The Largest Application Segment In The Point-Of-Care Diagnostic Kits & Analyzers Market
18.104.22.168 Point-Of-Care Testing Of Bacterial Diseases Helps In Early And Effective Patient Management
22.214.171.124 Growing Number Of Viral Outbreaks To Drive The Demand For Point-Of-Care Testing
126.96.36.199 Increasing Prevalence Of Parasitic Diseases And Rising Demand For Quality Parasitology Testing To Support Market Growth
8.1.6 Other Applications
8.2 Veterinary Point-Of-Care Diagnostic Imaging Systems Market, By Application
8.2.2 Orthopedics & Traumatology
188.8.131.52 Increasing Prevalence Of Arthritis And Joint Disorders To Drive Market Growth
184.108.40.206 Ultrasound Technology Enables The Assessment Of Pregnancy Status And Fetal Viability, Thus Improving Reproductive Efficiency
220.127.116.11 High Incidence Of Cancer In Dogs And Cats To Increase The Demand For Imaging Systems In Veterinary Oncology
18.104.22.168 Obesity, Lack Of Exercise, And Over-Vaccination Are The Major Factors Contributing To The Rising Incidence Of Heart Diseases In Animals
22.214.171.124 Mri Is The Primary Imaging Tool To Visualize The Nervous System Of Animals
8.2.7 Other Applications
9 Veterinary Point-Of-Care Diagnostics Market, By Animal Type
9.2 Companion Animals
126.96.36.199 Dogs Dominate The Veterinary Poc Diagnostics Market For Companion Animals
188.8.131.52 Growing Obesity Rate In Cats To Support The Demand For Feline Veterinary Poc Diagnostics
184.108.40.206 Growing Equine Health Awareness Will Drive Market Growth
9.2.4 Other Companion Animals
9.3 Livestock Animals
220.127.116.11 Early Diagnosis Is Important As Cattle Are Major Sources Of Meat & Milk
18.104.22.168 Growing Incidence Of Diseases Will Support Market Growth
22.214.171.124 Growing Infectious Disease Prevalence And The Need For Timely Diagnosis Will Support Market Growth
9.3.4 Other Livestock Animals
10 Veterinary Point-Of-Care Diagnostics Market, By End User
10.2 Veterinary Clinics
10.2.1 Increasing Reliance On Clinics And Growing Number Of Private Clinics Will Support Market Growth
10.3 Veterinary Hospitals & Academic Institutes
10.3.1 Growing Demand For Modern, State-Of-The-Art Large Veterinary Facilities Has Resulted In High Adoption In Hospitals
10.4 Home Care Settings
10.4.1 High Demand For Improved Patient Care And Greater Cost Control Are Driving Growth In Home Care Settings
11 Veterinary Point-Of-Care Diagnostics Market, By Region
11.2 North America
126.96.36.199 The Us Dominates The North American Veterinary Point-Of-Care Diagnostics Market
188.8.131.52 Growing Awareness About Pet Healthcare To Support Market Growth
184.108.40.206 Germany Is The Largest Market For Veterinary Point-Of-Care Diagnostics In Europe
220.127.116.11 Growing Pet Adoption In The Uk—A Major Factor Driving Market Growth
18.104.22.168 Large Pet Population In France Is Driving The Market For Veterinary Poc Diagnostics
22.214.171.124 Increasing Population Of Cats, Sheep, Goats, And Swine In Italy To Drive Market Growth
126.96.36.199 Increase In Pork & Beef Consumption To Drive Market Growth In Spain
11.3.6 Rest Of Europe
11.4 Asia Pacific
188.8.131.52 China Dominates The Apac Veterinary Point-Of-Care Diagnostics Market
184.108.40.206 Rising Awareness About Zoonotic Diseases And Increasing Pet Expenditure Are Expected To Drive The Market In Japan
220.127.116.11 India Offers High-Growth Opportunities For Players In The Veterinary Poc Diagnostics Market
11.4.4 Rest Of Asia Pacific
11.5 Latin America
11.5.1 Rising Awareness About Animal Health To Support Market Growth In Latin America
11.6 Middle East & Africa
11.6.1 Availability Of Funding To Promote Animal Healthcare Is Supporting Market Growth In The Region
12 Competitive Landscape
12.2 Growth Strategy Matrix (2016–2019)
12.3 Market Share Analysis
12.3.1 Market Share Analysis: Veterinary Point-Of-Care Diagnostics Market
12.4 Competitive Leadership Mapping
12.4.1 Visionary Leaders
12.4.3 Dynamic Differentiators
12.4.4 Emerging Companies
12.5 Competitive Situation And Trends
12.5.1 Product Launches
12.5.4 Partnerships & Collaborations
13 Company Profiles
(Business Overview, Products Offered, Recent Developments, Mnm View)*
13.1 Idexx Laboratories, Inc.
13.2 Zoetis, Inc.
13.4 Heska Corporation
13.5 Thermo Fisher Scientific, Inc.
13.6 Eurolyser Diagnostica Gmbh
13.7 Woodley Equipment Company Ltd.
13.8 Randox Laboratories, Ltd.
13.9 Anipoc, Ltd.
13.10 Carestream Health, Inc. (A Part Of Onex Corporation)
13.11 Neurologica Corporation (A Part Of Samsung Electronics Co. Ltd.)
13.12 Fujifilm Sonosite, Inc. (A Part Of Fujifilm Holdings Corporation)
13.13 Diagnostic Imaging Systems, Inc.
13.14 Esaote Spa
13.15 Mindray Medical International Limited (A Part Of Excelsior Union Limited)
13.16 Ge Healthcare
13.17 Minxray, Inc.
13.18 Qr S.R.L.
13.20 Examion Gmbh
*Business Overview, Products Offered, Recent Developments, Mnm View Might Not Be Captured In Case Of Unlisted Companies.
14.1 Insights From Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details
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