Market Scope

Market Research Future (MRFR) assessed the global veterinary POC diagnostic market 2021 in the analysis period till 2027. As per MRFR study, the global veterinary POC diagnostic market is expected to expand at 8.9% CAGR in the study period (from 2020 to 2027). By 2027, the veterinary POC diagnostic market value can touch USD 2,894 Mn.

Market Segmentation

The segment assessment of the veterinary POC diagnostic market is based on Technology, Application, Product, End User, and Animal Type.

The product-based segments of the veterinary POC diagnostic market are Consumables and Instruments. The Consumables segment studies Imaging System Reagents and Kits Reagents. The Instruments segment studies Imaging Systems and Analyzers. The consumables segment is likely to gain considerable profit by 2027.

The veterinary POC diagnostic market study segments that are based on application are Clinical Pathology, Virology, Bacteriology, Orthopedics Traumatology, Parasitology, Oncology, Cardiology, Neurology, and Gynecology among others. The upsurge in clinical pathology applications can contribute to the growth of the market in the years ahead.

The animal type-based segments of the veterinary POC diagnostic market are livestock animals and companion animals. The livestock animals segment studies Horses, Dogs, and Cats among others. The livestock animals segment studies Poultry, Swine, and Cattle among others. The growing concern for cattle can underpin the market surge.

Regional Study

In North America, the veterinary POC diagnostic market is expected to earn revenue of around USD 1.7 Bn by 2027. The rise in adoption for pet for companionship and surge in animal healthcare expenditure are forces that can drive North America veterinary POC diagnostic market in the years to come. Advancements in veterinary diagnostics and introduction of molecular diagnostic solutions can prompt the market in the review period.

In Europe, the veterinary POC diagnostic market is expected to grow at 7.8% CAGR in the forecast time span. The surge in demand for animal products and focus on biologicals for developing different vaccines in the animal diagnostics industry growth can contribute to the rise of Europe market. Increasing intake of animal and the growing prevalence of zoonotic diseases is creating the need for animal diagnostics that can add to the market expansion in Europe the evaluation period.

In Asia Pacific, the the veterinary POC diagnostic market is expected to expand at high CAGR in the analysis period owing to the rapid growth of the manufacturing facilities and their capacity in emerging economies, such as; India.

Key Vendors        

Thermo Fisher Scientific, Inc. (US), Virbac (France), Zoetis, Inc. (US), Idexx Laboratories, Inc. (US), Heska Corporation (US), Examion GmbH (Germany)., Eurolyser Diagnostica GmbH (Austria), Sedecal (Spain), Randox Laboratories, Ltd. (UK), Woodley Equipment Company Ltd. (UK), AniPoC, Ltd. (UK), Carestream Health, Inc. (US), Fujifilm Sonosite, Inc. (Japan), Neurologica Corporation (US), Diagnostic Imaging Systems, Inc. (US), Esaote spa (Italy), Mindray Medical International Limited (China), Minxray, Inc. (US), GE Healthcare (US), and QR s.r.l. (Italy) are some reputed companies in the veterinary POC diagnostic market that are listed by MRFR.