Global Veterinary Rapid Tests Market To Boost And Reach USD 900 Million By 2025

As per Zion Market Research, the global veterinary rapid tests market is predicted to surpass USD 900 million by 2025 with a CAGR of 9.3% from USD 583 million in 2019. Factors adding to the development of the global market comprise the rising occurrence of zoonotic diseases amongst livestock and companion animals and the increasing requirement for the quick detection of these disorders.

The major players in the global market are IDEXX Laboratories, Inc., Zoetis, Inc., Biopanda Reagents Ltd., Heska Corporation, Virbac, Fassisi GmbH, SWISSAVANS AG, BioNote, Inc., Woodley Equipment Company, and MEGACOR Diagnostik GmbH.

Market For Dogs Predicted To Develop At The Maximum CAGR In The Years To Come

On the basis of companion animals, the global market is divided into cats, dogs, horses, and other companion animals such as birds, rabbits, and reptiles. The dogs segment is predicted to develop at the quickest rate of growth in the years to come. High development in this global market segment is credited to the rising occurrence of diseases, increasing adoption of dogs, and the increasing pet health expenditure.

Market For Cattle Projected To Undergo The Uppermost Development From 2019 To 2025

Based on livestock animals, the global market is widely divided into poultry, swine, cattle, and other livestock animals such as goats, sheep, and fish. The cattle segment is predicted to have the biggest share of the global market and is also predicted to develop at the quickest rate in the years to come. The high growth rate and huge share of this division can be credited to the increasing focus on normal check-ups and rising awareness about animal health.

Asia Pacific Region Predicted To Develop At The Quickest Rate In The Long Run

The global market for veterinary rapid tests in Asia Pacific is predicted to develop at the quickest CAGR in the long run. A huge amount of the development is boosted by noteworthy alterations due to factors such as rising awareness about animal health, rise in pet adoption, and increasing per capita expenditure on animal health, especially in China and India. In addition to this, the requirement for animal-based goods, such as milk and meat, is rising in up-and-coming Asia Pacific markets. In this case, guaranteeing the health of animals and sustaining their productivity gains extra significance, which has boosted the uptake of the global market in this area.

Browse the full “Veterinary Rapid Test Market by Device Type (Software (On premise, Cloud), Hardware (CPU, GPU, FPGA, ASICs), Memory, Network), Type of Manufacturing (Medical Imaging, Surgery), & Services (Health Care Provider, Diagnostic Center) – Global Industry Perspective Comprehensive Analysis and Forecast, 2019-2025” Report at https://www.zionmarketresearch.com/report/veterinary-rapid-test-industry

The global veterinary rapid test market is segmented as follows:

By Product

• Rapid Test Kits
• Rapid Test Readers

By Application

• Viral Diseases
• Bacterial Diseases
• Parasitic Diseases
• Allergies
• Other Applications

By Animal Type

• Companion Animals
  • Dogs
  • Cats
  • Horses
  • Other Companion Animals (Rabbits, Reptiles, and Birds)
• Livestock Animals
  • Cattle
  • Swine
  • Poultry
  • Other Livestock Animals (Sheep, Goats, and Fish & Aquatic Animals)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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