Veterinary Rapid Test Market is expected to reach US$ 1,291.69 Million by 2028

by Sameer Joshi or 02-Nov-2021
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Report : Veterinary Rapid Test Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Rapid Test Kits and Rapid Test Readers), Application (Viral Diseases, Bacterial Diseases, Parasitic Diseases, Allergies, and Other Applications), and Animal Type (Companion Animals and Livestock Animals)

Viral Diseases Segment to Hold Largest Share of Veterinary Rapid Test Market During 2021–2028
 
According to our latest study on “Veterinary Rapid Test Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Application, and Animal Type,” the market is projected to reach US$ 1,291.69 million by 2028 from US$ 733.87 million in 2021; it is expected to grow at a CAGR of 8.4% from 2021 to 2028. The report highlights the key factors driving the market and prominent players with their developments in the market.
 
The COVID-19 outbreak has impacted all industries, including the veterinary sector. There was an increase in pet adoption, owing to social isolation. Pet shelters, nonprofit rescues, and private breeders reported high consumer demand during COVID-19 in the US. Sales for pet care products such as veterinary rapid tests witnessed a surge, owing to the closure of veterinary clinics.
 
Based on application, the veterinary rapid test market is segmented into viral diseases, bacterial diseases, parasitic diseases, allergies, and other applications. The viral diseases segment held the largest share of the market and is estimated to register the highest CAGR in the market during the forecast period. 
 
IDEXX Laboratories, Inc.; Zoetis, Inc.; Virbac; Heska Corporation; Biopanda Reagents, Ltd.; Fassisi GmbH; BioNote, Inc.; SWISSAVANS AG; MEGACOR Diagnostik GmbH; and Woodley Equipment Company are among the leading companies operating in the global veterinary rapid test market.
 
Veterinary Rapid Test Market, by Region, 2021 (%)
 
Source: The Insight Partners Analysis
 
The report segments veterinary rapid test market as follows:
 
The veterinary rapid test market has been segmented based on product, application, and animal type. Based on product, the market is segmented into rapid test kits and rapid test readers. Based on application, the market is segmented into viral diseases, bacterial diseases, parasitic diseases, allergies, and other applications. By animal type, the veterinary rapid test market is segmented into companion animals and livestock animals. The companion animal segment is further segmented into dogs, cats, horses, and others. The livestock animals segment is further segmented into cattle, poultry, swine, and others.
 
By Geography
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of APAC
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South and Central America (SCAM)
    • Brazil
    • Argentina
    • Rest of SCAM
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