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North America Veterinary Rapid Test Market

2021

North America Veterinary Rapid Test Market Forecast to 2028 - COVID-19 Impact and Regional 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)

Publication Month: Nov 2021 | Report Code: TIPRE00025744 | No. of Pages: 121 | Category: Biotechnology | Status: Published

Market Insights

North America Veterinary Rapid Test Market to Grow at a CAGR of 8.6% to reach US$ 461.52 million from 2021 to 2028

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The veterinary rapid test market in North America is expected to grow from US$ 258.39 million in 2021 to US$ 461.52 million by 2028; it is estimated to grow at a CAGR of 8.6% from 2021 to 2028.
The US, Canada, and Mexico are economies in North America. An increase is zoonotic diseases is likely to drive the veterinary rapid test market. Animals can sometimes carry harmful germs that can spread to people and cause illness; these are known as zoonotic diseases or zoonoses. Zoonotic diseases are caused by harmful germs like bacteria, viruses, parasites, and fungi. These germs can cause many different types of illnesses in people and animals, ranging from mild to severe illness and even death. As per CDC, it estimates that more than six out of every ten known infectious diseases in people can be spread from animals and three out of every four new or upcoming infectious diseases in people come from animals. Outbreaks such as severe acute respiratory syndrome (SARS) and avian influenza have shown once again the potential of microorganisms from animal reservoirs to adapt to human hosts. During the past decades, many earlier unknown human infectious diseases have emerged from animal reservoirs, from agents such as Ebola virus, human immunodeficiency virus (HIV), Nipah virus, West Nile virus, and Hantavirus. More than three-quarters of the human diseases that are new, emerging, or re-emerging at the beginning of the 21st century are caused by pathogens which are originated from animals or products of animal origin. According to WHO, it is estimated that, some 60% of emerging infectious diseases that are reported are zoonoses and about one billion cases of illness and millions of deaths occur every year from zoonoses. Over 30 new human pathogens have been detected in the last three decades, 75% of which have originated in animals. Hence, emerging, and re-emerging zoonotic diseases will become a progressively more significant factor in the demand for veterinary rapid testing and has triggered companies to produce advanced diagnostic kits, which is contributing to the growth of the overall market for veterinary rapid testing.

The outbreak of COVID-19 has impacted all the industries including veterinary sector. There was an increase in pet adoption reported due to social isolation. For instance, shelters, nonprofit rescues, private breeders all reported high consumer demand during COVID 19 in the US. Most of the consumers in the market grappled with the onset of the pandemic. The retail e-commerce platforms witnessed high growth due to several restrictions on the brick-and-mortar stores and the disruption of the overall supply channel. Sales have spiked for pet care products at home, driven by the closure of veterinary clinics. Also, the pet population has increased in the region because of lockdown and people wanting a companion. Home isolation have driven the short-term pet fostering programs that may translate into long-term pet population growth in the future. Despite some disruptions caused by COVID-19 containment measures, the long-term growth potential of the sector remains intact. Also, the COVID-19 pandemic has highlighted the adaptability and response by veterinary diagnosticians to an emerging infectious disease and their role in maintaining animal health and protecting human public health. In addition, the market players have witnessed rise in sales. For instance, IDEXX’s companion animal group (CAG) diagnostics revenue increased by 23% in Q3 2020 as compared to last year. The recent surge in ownership, driven by an increase in adoption and fostering by people confined to their homes, offers lucrative opportunities for the growth of the market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive veterinary rapid test market. The North America veterinary rapid test market is expected to grow at a good CAGR during the forecast period.

North America veterinary rapid test market

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North America Veterinary Rapid Test Market Segmentation

North America Veterinary Rapid Test Market – By Product

  • Rapid Test Kits
  • Rapid Test Readers

North America Veterinary Rapid Test Market – By Application

  • Viral Diseases
  • Bacterial Diseases
  • Parasitic Diseases
  • Allergies
  • Other Applications

North America Veterinary Rapid Test Market – By Animal Type

  • Livestock Animals
    • Cattle
    • Poultry
    • Swine
    • Others
  • Companion Animals
    • Dogs
    • Cats
    • Horses
    • Others

North America Veterinary Rapid Test Market- By Country

  • US
  • Canada
  • Mexico

North America Veterinary Rapid Test Market-Companies Mentioned

  • HESKA CORPORATION
  • IDEXX LABORATORIES, INC.
  • Virbac
  • Woodley Equipment Company Ltd
  • Zoetis Inc.

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 North America Veterinary Rapid Test Market – By Product

1.3.2 North America Veterinary Rapid Test Market – By Application

1.3.3 North America Veterinary Rapid Test Market – By Animal Type

1.3.4 North America Veterinary Rapid Test Market – By Country

2. Veterinary Rapid Test Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Veterinary Rapid Test Market – Market Landscape

4.1 Overview

4.2 North America PEST Analysis

4.3 Expert Opinions

5. North America Veterinary Rapid Test Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising incidences of zoonotic diseases

5.1.2 Increase in initiatives by the governments and animal welfare associations of different countries

5.2 Market Restraints

5.2.1 Limited Number of Skilled Professionals in Veterinary Diagnostics

5.3 Market Opportunities

5.3.1 Demand for Advanced Diagnostics to Improve Veterinary Disease Diagnosis

5.4 Future Trends

5.4.1 Escalating Number of Product Launches

5.5 Impact Analysis

6. Veterinary Rapid Test Market – North America Analysis

6.1 North America Veterinary Rapid Test Market Revenue Forecast and Analysis

7. North America Veterinary Rapid Test Market Analysis – By Product

7.1 Overview

7.2 North America Veterinary Rapid Test Market Revenue Share, by Product (2021 and 2028)

7.3 Rapid Test Kits

7.3.1 Overview

7.3.2 Rapid Test Kits: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Rapid Test Readers

7.4.1 Overview

7.4.2 Rapid Test Readers: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

8. North America Veterinary Rapid Test Market Analysis – By Application

8.1 Overview

8.2 Veterinary Rapid Test Market Share, by Application, 2021 and 2028, (%)

8.3 Viral Diseases

8.3.1 Overview

8.3.2 Viral Diseases: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Bacterial Diseases

8.4.1 Overview

8.4.2 Bacterial Diseases: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Parasitic Diseases

8.5.1 Overview

8.5.2 Parasitic Diseases: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Allergies

8.6.1 Overview

8.6.2 Allergies: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

8.7 Other Application

8.7.1 Overview

8.7.2 Other Application: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

9. North America Veterinary Rapid Test Market Analysis – By Animal Type

9.1 Overview

9.2 Veterinary Rapid Test Market Revenue Share, by Animal Type (2021 and 2028)

9.3 Companion Animals

9.3.1 Overview

9.3.2 Companion Animals: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

9.3.2.1 Dogs

9.3.2.1.1 Overview

9.3.2.1.2 Dogs Market Revenue and Forecast to 2028 (US$ Mn)

9.3.2.2 Cats

9.3.2.2.1 Overview

9.3.2.2.2 Cats Market Revenue and Forecast to 2028 (US$ Mn)

9.3.2.3 Horses

9.3.2.3.1 Overview

9.3.2.3.2 Horses Market Revenue and Forecast to 2028 (US$ Mn)

9.3.2.4 Others

9.3.2.4.1 Overview

9.3.2.4.2 Others Market Revenue and Forecast to 2028 (US$ Mn)

9.4 Livestock Animals

9.4.1 Overview

9.4.2 Livestock Animals: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

9.4.2.1 Cattle

9.4.2.1.1 Overview

9.4.2.1.2 Cattle Market Revenue and Forecast to 2028 (US$ Mn)

9.4.2.2 Swine

9.4.2.2.1 Overview

9.4.2.2.2 Swine Market Revenue and Forecast to 2028 (US$ Mn)

9.4.2.3 Poultry

9.4.2.3.1 Overview

9.4.2.3.2 Poultry Market Revenue and Forecast to 2028 (US$ Mn)

9.4.2.4 Others

9.4.2.4.1 Overview

9.4.2.4.2 Others Market Revenue and Forecast to 2028 (US$ Mn)

10. North America Veterinary Rapid Test Market – Country Analysis

10.1.1 Overview

10.1.2 North America: Veterinary Rapid Test Market, by Country, 2021 & 2028 (%)

10.1.2.1 US: Veterinary Rapid Test Market– Revenue and Forecast to 2028 (USD Million)

10.1.2.1.1 US: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.1.2 US: Veterinary Rapid Test Market, by Product, 2019–2028 (USD Million)

10.1.2.1.3 US: Veterinary Rapid Test Market, by Application, 2019–2028 (USD Million)

10.1.2.1.4 US: Veterinary Rapid Test Market, by Animal Type, 2019–2028 (USD Million)

10.1.2.1.4.1 US: Veterinary Rapid Test Market, by Livestock Animals, 2019–2028 (USD Million)

10.1.2.1.4.2 US: Veterinary Rapid Test Market, by Companion Animals, 2019–2028 (USD Million)

10.1.2.2 Canada: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.2.1 Canada: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.2.2 Canada: Veterinary Rapid Test Market, by Product, 2019–2028 (USD Million)

10.1.2.2.3 Canada: Veterinary Rapid Test Market, by Application, 2019–2028 (USD Million)

10.1.2.2.4 Canada: Veterinary Rapid Test Market, by Animal Type, 2019–2028 (USD Million)

10.1.2.2.4.1 Canada: Veterinary Rapid Test Market, by Livestock Animals, 2019–2028 (USD Million)

10.1.2.2.4.2 Canada: Veterinary Rapid Test Market, by Companion Animals, 2019–2028 (USD Million)

10.1.2.3 Mexico: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.3.1 Mexico: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.3.2 Mexico: Veterinary Rapid Test Market, by Product – 2019–2028 (USD Million)

10.1.2.3.3 Mexico: Veterinary Rapid Test Market, by Application, 2019–2028 (USD Million)

10.1.2.3.4 Mexico: Veterinary Rapid Test Market, by Animal Type, 2019–2028 (USD Million)

10.1.2.3.4.1 Mexico: Veterinary Rapid Test Market, by Livestock Animals, 2019–2028 (USD Million)

10.1.2.3.4.2 Mexico: Veterinary Rapid Test Market, by Companion Animals, 2019–2028 (USD Million)

11. Impact Of COVID-19 Pandemic on North America Veterinary Rapid Test Market

11.1 Overview

12. Industry Landscape

12.1 Overview

12.2 Organic Developments

12.2.1 Overview

12.3 Inorganic Developments

12.3.1 Overview

13. Company Profiles

13.1 IDEXX LABORATORIES, INC.

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Zoetis Inc.

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Virbac

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 HESKA CORPORATION

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Woodley Equipment Company Ltd

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

14. Appendix

14.1 About the Insight Partners

14.2 Glossary of Terms

LIST OF TABLES

Table 1. North America Veterinary Rapid Test Market Revenue and Forecast to 2028 (US$ Million)

Table 2. US Veterinary Rapid Test Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 3. US Veterinary Rapid Test Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 4. US Veterinary Rapid Test Market, by Animal Type– Revenue and Forecast to 2028 (USD Million)

Table 5. US Veterinary Rapid Test Market, by Livestock Animals – Revenue and Forecast to 2028 (USD Million)

Table 6. US Veterinary Rapid Test Market, by Companion Animals – Revenue and Forecast to 2028 (USD Million)

Table 7. Canada Veterinary Rapid Test Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 8. Canada Veterinary Rapid Test Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 9. Canada Veterinary Rapid Test Market, by Animal Type– Revenue and Forecast to 2028 (USD Million)

Table 10. Canada Veterinary Rapid Test Market, by Livestock Animals – Revenue and Forecast to 2028 (USD Million)

Table 11. Canada Veterinary Rapid Test Market, by Companion Animals – Revenue and Forecast to 2028 (USD Million)

Table 12. Mexico Veterinary Rapid Test Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 13. Mexico Rapid Test Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 14. Mexico Veterinary Rapid Test Market, by Animal Type– Revenue and Forecast to 2028 (USD Million)

Table 15. Mexico Veterinary Rapid Test Market, by Livestock Animals – Revenue and Forecast to 2028 (USD Million)

Table 16. Mexico Veterinary Rapid Test Market, by Companion Animals – Revenue and Forecast to 2028 (USD Million)

Table 17. Organic Developments Done By Companies

Table 18. Inorganic Developments Done By Companies

Table 19. Glossary of Terms, North America Veterinary Rapid Test Market

LIST OF FIGURES

Figure 1. North America Veterinary Rapid Test Market Segmentation

Figure 2. North America Veterinary Rapid Test Market Segmentation, By Country

Figure 3. North America Veterinary Rapid Test Market Overview

Figure 4. Rapid Test Kits Segment Held Largest Share of North America Veterinary Rapid Test Market

Figure 5. The US to Show Significant Growth During Forecast Period

Figure 6. North America PEST Analysis

Figure 7. North America Veterinary Rapid Test Market Impact Analysis of Driver and Restraints

Figure 8. North America Veterinary Rapid Test Market – Revenue Forecast and Analysis to 2028

Figure 9. North America Veterinary Rapid Test Market Revenue Share, by Product (2021 and 2028)

Figure 10. North America Rapid Test Kits: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11. North America Rapid Test Readers: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. North America Veterinary Rapid Test Market Share, by Application, 2021 and 2028 (%)

Figure 13. North America Viral Diseases: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. North America Bacterial Diseases: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. North America Parasitic Diseases: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. North America Allergies: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. North America Other Application: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. North America Veterinary Rapid Test Market Revenue Share, by Animal Type (2021 and 2028)

Figure 19. North America Companion Animals: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. North America Dogs Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 21. North America Cats Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 22. North America Horses Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 23. North America Others Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 24. North America Livestock Animals: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. North America Cattle Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 26. North America Swine Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 27. North America Poultry Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 28. North America Others Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 29. North America: Veterinary Rapid Test Market, by Key Country – Revenue (2021) (USD Million)

Figure 30. North America: Veterinary Rapid Test Market, by Country, 2021 & 2028 (%)

Figure 31. US: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)

Figure 32. Canada: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)

Figure 33. Mexico: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)

Figure 34. Impact of COVID-19 Pandemic in North American Country Markets

  1. HESKA CORPORATION
  2. IDEXX LABORATORIES, INC.
  3. Virbac
  4. Woodley Equipment Company Ltd
  5. Zoetis Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Veterinary Rapid Test market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America Veterinary Rapid Test market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Veterinary Rapid Test market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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