Veterinary Point-of-Care Diagnostics Market Worldwide Growth, Comprehensive Analysis, Future Trends, Segmentation Outlook by 2026
This report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.
The importance of animal companionship is increasing by the day. Animals not only keep company and make people occupied and entertained, but it also helps in emotional healing for age-old people and moral building in children. Having an animal as a companion helps the owner to lower his blood pressure levels, and reduce the level of stress as well. Companion animals make the owners happy and healthy and, in some cases, also protect them from harm. The factors above are the major cause of the rising demand for companion animals worldwide. Animals, just like humans may face health issues and require proper diagnostics, which, in turn, is boosting the veterinary diagnostics market.
Some of the Main Key Players Covered in the Report
- Eurolyser Diagnostica GmbH
- Heska Corporation
- IDEXX Laboratories, Inc.
- Thermo Fisher Scientific Inc.
The rise in companion animal population worldwide is driving the global veterinary point-of-care diagnostics market, predicts Fortune Business Insights. The report is titled.” Veterinary Point-of-Care Diagnostics Market Size, Share and Global Trend by Types (kit, Instruments), Application (Hormone Level Testing, Infectious Disease Testing), End Users (Veterinary Hospitals, Home Care Settings, Veterinary Clinics) and Geography Forecast till 2026”.
The report reads the kits sub-segment to account for the largest share in the global market concerning segmentation by type. This is owing to the increasing adoption of home testing devices worldwide.
- Hormone Level Testing
- Infectious Disease Testing
By End User
- Veterinary Hospitals
- Home Care Settings
- Veterinary Clinics
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa)
Rising Disposable Income, and Cost Efficiency to Help Asia Pacific Emerge as Fastest Growing Region
Fortune Business Insights foresees the global veterinary point-of-care diagnostics market to be dominated by North America. This is owing to the rising acceptance of pet owners willing to pay for the health of their pets in the developed nations of Canada and the U.S. This, coupled with the rising awareness about the direct and indirect impact of livestock health on the food chain of the ecosystem and also on humans is also helping the market in the region to emerge dominant.
Furthermore, Asia Pacific is anticipated to witness the fastest growth rates on account of the rising disposable income of people and increasing awareness about pet healthcare. Adding to that, affordable pet diagnostic expenses in the developing nations of India and China may bring lucrative growth opportunities for the global veterinary point-of-care diagnostics market in the future.
Some players operating in the global veterinary point-of-care diagnostics market are Heska Corporation, bioMérieux SA, Zoetis Inc., Randox Laboratories Ltd.,Virbac, Eurolyser Diagnostica GmbH Thermo Fisher Scientific Inc., Neogen Corporation, Heska Corporation, IDEXX Laboratories, Inc.,and others.
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