Veterinary Point of Care Diagnostics Market Key Highlights:
- Market Size (2024): USD 1,992 Million
- Projected Market Size (2034): USD 5,261 Million
- CAGR (2024-2034): 10.2%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Veterinary Point of Care Diagnostics Market Definition
The veterinary point of care diagnostics market encompasses a broad portfolio of testing services in the field of veterinary medicine. Rather than in centralized laboratories, these services are performed at or near the site where animals receive care. The pet healthcare industry industry has seen a significant growth with rising adoption of exotic pets that require regular health checks. Moreover, with rising awareness of animal rights and growing healthcare expenditure, research on diagnostics has become more sophisticated. This resuled in several products entering thr trial phases.
The veterinary point of care diagnostics market necessary to provide prompt treatment, rapid diagnostics, and animal health management. The market is further driven by strategic business ventures in the form of investments, mergers, and acquisitions. One such example is the USD 4 million Series A funding secured by MI:RNA, Scottish veterinary diagnostics company. MI:RNA seeks to use revolutionary biomarker technology and artificial intelligence to improve health outcomes for animals through earlier disease diagnosis.
Veterinary Point of Care Diagnostics Market Segmentation:
By Animal
- Companion Animals
- Livestock Animals
By Product
- Consumables, Reagents, & Kits
- Instruments & Devices
By Sample
- Blood/Plasma/Serum
- Urine
- Fecal
- Other Sample Type
By Testing
- Hematology
- Diagnostic Imaging
- Bacteriology
- Virology
- Cytology
- Clinical Chemistry
- Parasitology
- Serology
- Other Testing Type
Veterinary Point of Care Diagnostics Market Companies:
- IDEXX Laboratories
- Zoetis
- Virbac
- Heska Corporation
- Thermo Fisher Scientific, Inc.
- Neogen Corporation
- Mindray
- Esaote SpA
- FUJIFILM Corporation
- Woodley Equipment Company Ltd.
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