Veterinary Point Of Care Diagnostics Market by Product, Technology, Sample Type, Animal Type, Application, End-User

Description

List of Tables

[194 Pages Report] The Veterinary Point Of Care Diagnostics Market size was estimated at USD 1.73 billion in 2023 and expected to reach USD 1.94 billion in 2024, at a CAGR 12.26% to reach USD 3.89 billion by 2030.

The veterinary point-of-care diagnostics market encompasses the various diagnostic testing devices and services used by veterinarians to detect and monitor diseases in animals at or near the site of patient care. These tests provide rapid results, enabling informed decisions for timely treatment and management of animal health issues. The increasing pet ownership rates globally and increasing awareness among pet owners about animal health and welfare are increasing the need for veterinary point-of-care diagnostics. However, high initial investment costs for advanced diagnostic equipment and a shortage of skilled veterinary professionals specializing in diagnostics restrict the growth of the veterinary point-of-care diagnostics market. Furthermore, growing demand for portable solutions that can be easily deployed during farm visits or emergencies and supportive government policies related to animal health monitoring programs leading to increasing investments in R&D are expected to create lucrative opportunities for veterinary point-of-care diagnostics.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.73 billion
Estimated Year [2024]	USD 1.94 billion
Forecast Year [2030]	USD 3.89 billion
CAGR (%)	12.26%

Product: Preference for portable analyzers in remote or rural settings due to limited access to specialized laboratories

The veterinary point-of-care diagnostics market consumables include various reagents, test strips, and assay kits for testing purposes. Veterinarians prefer these products due to their ease of use, rapid results, and cost-effectiveness. Reagents are essential to diagnostic tests as they facilitate identifying and measuring specific analytes within a sample. Kits typically consist of pre-packaged reagents and other necessary materials for a thorough diagnostic procedure. Instruments and devices used in veterinary point-of-care diagnostics include portable analyzers, digital radiography systems, ultrasound machines, and immunoassay analyzers. These devices are vital in providing quick diagnosis on-site or at an animal's location without transporting samples to external laboratories. Portable analyzers are preferred in remote or rural settings where access to specialized laboratories may be limited. On the other hand, digital radiography systems and ultrasound machines are used primarily in clinics and hospitals for imaging purposes.

Technology: Use of immunodiagnostics in early disease detection and autoimmune disorders management

Clinical biochemistry, or clinical chemistry, is a vital aspect of veterinary diagnostics that focuses on analyzing biological fluids such as blood and urine to detect and monitor diseases. This technology arises from its ability to aid in animal diagnosis, treatment, and preventive care. Hematology in veterinary point-of-care diagnostics deals with the study of blood cells and coagulation parameters in animals. The technology helps diagnose anemia, infections, clotting disorders, and other conditions affecting blood components. Immunodiagnostics plays a significant role in veterinary diagnostics by detecting specific antigens or antibodies in an animal's immune system response to pathogens or foreign substances. This technology is essential for early disease detection and allergies or autoimmune disorders management. Molecular diagnostics is an advanced technology that detects genetic materials or proteins associated with specific diseases or conditions at the molecular level. This technology arises from its high sensitivity and specificity, aiding in rapid diagnosis and treatment decisions.

Application: Adoption of point-of-care diagnosis for bacteriology due to the growing number of bacterial infections

In the field of veterinary point-of-care diagnostics, bacteriology plays a crucial role in detecting bacterial infections in animals. The need for rapid identification of bacteria is essential to enable targeted therapy and prevent the spread of infections. Clinical pathology is essential for diagnosing and monitoring diseases by examination of blood, bodily fluids, secretions, and biopsy specimens. Parasitology focuses on detecting parasites such as helminths, protozoa, ticks, and fleas that can affect both companion and livestock animals' health and productivity. Timely diagnosis helps control parasitic infections by implementing effective treatment plans or preventing further transmission to other hosts or humans. Veterinary virology diagnostics are crucial for identifying viral infections, such as avian influenza, swine fever, or feline leukemia virus.

End-user: Inclination towards easy and quick diagnostics techniques in home care settings

Pet owners are becoming increasingly health-conscious about pet animals, and there is a growing demand for at-home diagnostic tools that allow for easy monitoring of pet health. These users prioritize user-friendly devices with non-invasive procedures and accurate results. Commonly used tests in this segment include blood glucose monitors and urine test strips. Veterinary clinics require diagnostic equipment that balances affordability with accuracy, speed of results, ease of use, and low maintenance costs. These users often have limited space but deal with various types of animal patients on a daily basis. Veterinary hospitals and academic institutes require the most advanced diagnostic tools to cater to complex cases and support research activities. These users prioritize highly accurate results, comprehensive testing capabilities, integration with laboratory information systems, and ongoing technical support.

Regional Insights

In the United States and Canada, there is a growing demand for veterinary point-of-care diagnostics due to the increasing pet adoption rates and greater awareness of animal healthcare. Companies in the Americas regions are investing heavily in research and development to create innovative diagnostic technologies, such as portable devices for rapid detection of common diseases in companion animals. Furthermore, advancements to include AI and ML technologies have further led to rapid progress in point-of-care diagnostics techniques and devices in the region. European Union countries have witnessed significant growth in the veterinary point-of-care diagnostics sector due to stringent regulations on animal welfare. Consequently, companies operating within this region are focusing on developing cost-effective solutions for timely diagnosis at farms or clinics. Research collaborations between academic institutions and industry players have resulted in novel diagnostic platforms. China, Japan, and India are emerging economies in the veterinary point-of-care diagnostics sector with increasing disposable incomes, urbanization, and livestock production. APAC countries are expanding efforts to improve livestock health and improve monitoring of cattle and poultry using diagnostics technologies. Many countries in the region have initiated programs to improve animal disease surveillance and control and strengthen veterinary infrastructure.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Veterinary Point Of Care Diagnostics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Veterinary Point Of Care Diagnostics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Veterinary Point Of Care Diagnostics Market, highlighting leading vendors and their innovative profiles. These include AniPOC, Ltd., BioMerieux SA, Chembio Diagnostic Systems, Inc., Esaote SpA, FUJIFILM Holdings Corporation, Heska Corporation, IDEXX Laboratories, Inc., Mindray Medical International Limited, Neogen Corporation, Nova Biomedical Corporation, Randox Laboratories Ltd., Virbac Corporation, Woodley Equipment Company Inc., and Zoetis, Inc..

Market Segmentation & Coverage

This research report categorizes the Veterinary Point Of Care Diagnostics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Consumables, Reagents & Kits
- Instruments & Device

Technology
- Clinical Biochemistry
- Hematology
- Immunodiagnostics
- Molecular Diagnostics

Sample Type
- Blood/Plasma/Serum
- Fecal
- Urine

Animal Type
- Companion Animals
  - Cats
  - Dogs
  - Horses

Livestock Animals
- Cattle
- Poultry
- Swine

Application
- Bacteriology
- Clinical Pathology
- Parasitology
- Virology

End-User
- Home Care Settings
- Veterinary Clinics
- Veterinary Hospitals & Academic Institutes

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Veterinary Point Of Care Diagnostics Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Veterinary Point Of Care Diagnostics Market?

3. What are the technology trends and regulatory frameworks in the Veterinary Point Of Care Diagnostics Market?

4. What is the market share of the leading vendors in the Veterinary Point Of Care Diagnostics Market?

5. Which modes and strategic moves are suitable for entering the Veterinary Point Of Care Diagnostics Market?

Product Code: MRR-3A2E844FD625

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising incidences of veterinary diseases and increasing awareness about pet health
  - 5.1.1.2. Government initiatives and incentives to improve the health and productivity of farm animals
- 5.1.2. Restraints
  - 5.1.2.1. Complex reimbursement and insurance policies for animal healthcare
- 5.1.3. Opportunities
  - 5.1.3.1. Adoption of AI, ML, and big data technologies for point-of-care diagnostics
  - 5.1.3.2. Advances in digital health and wearable technologies for improved animal care
- 5.1.4. Challenges
  - 5.1.4.1. Intricate regulatory networks and standards for point-of-care animal diagnostics
5.2. Market Segmentation Analysis
- 5.2.1. Product: Preference for portable analyzers in remote or rural settings due to limited access to specialized laboratories
- 5.2.2. Technology: Use of immunodiagnostics in early disease detection and autoimmune disorders management
- 5.2.3. Application: Adoption of point-of-care diagnosis for bacteriology due to the growing number of bacterial infections
- 5.2.4. End-user: Inclination towards easy and quick diagnostics techniques in home care settings
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Veterinary Point Of Care Diagnostics Market, by Product

6.1. Introduction
6.2. Consumables, Reagents & Kits
6.3. Instruments & Device

7. Veterinary Point Of Care Diagnostics Market, by Technology

7.1. Introduction
7.2. Clinical Biochemistry
7.3. Hematology
7.4. Immunodiagnostics
7.5. Molecular Diagnostics

8. Veterinary Point Of Care Diagnostics Market, by Sample Type

8.1. Introduction
8.2. Blood/Plasma/Serum
8.3. Fecal
8.4. Urine

9. Veterinary Point Of Care Diagnostics Market, by Animal Type

9.1. Introduction
9.2. Companion Animals
9.3. Livestock Animals

10. Veterinary Point Of Care Diagnostics Market, by Application

10.1. Introduction
10.2. Bacteriology
10.3. Clinical Pathology
10.4. Parasitology
10.5. Virology

11. Veterinary Point Of Care Diagnostics Market, by End-User

11.1. Introduction
11.2. Home Care Settings
11.3. Veterinary Clinics
11.4. Veterinary Hospitals & Academic Institutes

12. Americas Veterinary Point Of Care Diagnostics Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Veterinary Point Of Care Diagnostics Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Veterinary Point Of Care Diagnostics Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. Mars to Acquire Heska, Global Provider of Advanced Veterinary Diagnostic and Specialty Solutions
- 15.3.2. Sound Technologies and GE HealthCare Announce Collaboration to Bring Vscan Air Handheld Ultrasound to Veterinary Practices Across the United States
- 15.3.3. Pet Care Startup Vetic Raises $3.7 Million In Seed Round
15.4. Strategy Analysis & Recommendation

16. Competitive Portfolio

16.1. Key Company Profiles
16.2. Key Product Portfolio