PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437517
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437517
Animal Pregnancy Test Kit Market size was valued at USD 50.5 Million in 2023, expanding at a CAGR of 4.5% from 2024 to 2032.
Rapid-response tests for detecting animal pregnancy are called animal pregnancy test kits. In animal husbandry facilities, they are frequently used to assess the effectiveness of artificial or induced insemination.
Animal Pregnancy Test Kit Market- Market Dynamics
The growing veterinary care spending to propel market demand
According to information from Banfield Pet facility, compared to 2019, there were 9.2% more young dogs and 12.4% more young cats brought to the facility for veterinary consultations in 2020. In the last 10 years, the percentage of young pets seen at the practice has increased for the first time. Furthermore, there was a daily increase in the number of discussions on Banfield's telemedicine service, Vet Chat, between March 2020 and December 2020. In 2020, there were 280% more appointments with certified vet technicians (CVTs) at the hospital than there were in 2019. Thus, the need for animal pregnancy test kits will rise as long as pet owners keep spending more on medical care. Thus, during the forecast period, the rise in the number of visits to veterinary facilities and the rising emphasis on pet healthcare would contribute to the growth of the worldwide animal pregnancy test kit market.
Animal Pregnancy Test Kit Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 4.5% over the forecast period (2024-2032)
Based on product segmentation, the Pregnancy Test Kits Cassettes dominate the market
Based on sample type segmentation, the Whole Blood, Plasma, Serum sector dominates the market
Based on region, North America was the leading revenue generator in 2023
The Global Animal Pregnancy Test Kit Market is segmented based on Product, Animal Type, Sample Type, Distribution Channel, End-Use, and Region.
The market is divided into three categories based on product: Pregnancy Test Kits Strips, Pregnancy Test Kits Cassettes and ELISA Test Kits. The Pregnancy Test Kits Cassettes dominate the market. Effective breeding programs in agricultural settings and animal husbandry depend on the management of reproductive cycles. Farmers and breeders may successfully organize their breeding programs and detect pregnant animals with the help of pregnancy test kit cassettes. In addition to offering precise findings, these test kits enable non-veterinary experts to perform the tests. Their ease of usage makes them a well-liked option in the industry.
The market is divided into three categories based on sample type: Urine, Whole Blood, Plasma, Serum and Others (Milk). The Whole Blood, Plasma, Serum sector dominates the market and is likely to maintain its dominance during the forecast period. Animal pregnancy tests may involve whole blood, plasma, and serum samples, particularly in ruminants such as cattle, sheep, and goats. Pregnancy-associated glycoproteins (PAGs), which are found in the blood and milk of pregnant ruminants, are detected by this approach. PAGs are generated by placental cells.
Animal Pregnancy Test Kit Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the market during the forecast period. because artificial insemination is widely used, necessitating a need for pregnancy testing equipment. According to a September 2021 study by the American Veterinary Medical Association, insemination services were offered by more than 90% of veterinary facilities in the United States. Throughout the projection period, it is expected that this increase in insemination services will propel product sales.
The prominent players operating in the market are Hangzhou Testsea Biotechnology Co. LTD., IDEXX Laboratories, Inc., Ring Biotechnology Co Ltd., Zoetis Services LLC, Novis Animal Solutions, Secure Diagnostics Pvt. Ltd, EMLAB GENETICS LLC, J&G Biotech Ltd, BIOTRACKING, INC. and megacor diagnostik gmbh. These players perform various strategies to remain competitive in the market including product launch, acquisition, expansion and many others.
In November 2023, Ring Biotechnology Co. Ltd. unveiled a novel quick test for early pregnancy in cows. This test does not require specialized experts or specialized equipment, and it can identify pregnancy as early as 28-30 days.
GLOBAL ANIMAL PREGNANCY TEST KIT MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Hangzhou Testsea Biotechnology Co. LTD.
IDEXX Laboratories, Inc.
Ring Biotechnology Co Ltd.
Zoetis Services LLC
Novis Animal Solutions
Secure Diagnostics Pvt. Ltd
EMLAB GENETICS LLC
J&G Biotech Ltd
BIOTRACKING, INC.
megacor diagnostik gmbh