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)
Rapid Test Readers to Lead 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 growth of the veterinary rapid test market is primarily attributed to the increasing incidence of zoonotic diseases and rising initiatives by governments and animal welfare associations in different countries. However, the limited number of skilled professionals in veterinary diagnostics and the elevating costs of veterinary care are hindering the market growth.
Based on product, the veterinary rapid test market is segmented into rapid test kits and rapid test readers. The rapid test kits segment is the largest shareholder in the market; however, the rapid test readers segment is expected 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 veterinary rapid test market.
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 animals segment is further segmented into dogs, cats, horses, and others. The livestock animals segment is further segmented into cattle, poultry, swine, and others.
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