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Veterinary PoC Diagnostics Market Worth $2.4 Billion By 2025

May 12, 2021 9:45 AM ET
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  • Growth in the companion animal population.
  • Increasing prevalence of zoonotic diseases.
  • Advantages of POCT.
  • Increasing demand for animal-derived food products.
  • Growing demand for pet insurance & increasing pet care expenditure.

Overview of This Study:

The study involved four major activities in estimating the size of the global Veterinary PoC Diagnostics Market. Exhaustive secondary research was done to collect information on the adoption of different technologies and their regional adoption trends. Industry experts further validated the data obtained through secondary research through primary research.

Furthermore, the market size estimates and forecast provided in this study are derived through a mix of the bottom-up approach (country-level incidence data for various diseases) and top-down approach (assessment of utilization/adoption/penetration trends, by product, technology, application, animal type, and end user). After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments.

Market Size Estimation:

The total market size for the veterinary point-of-care diagnostics market was arrived at after data triangulation from three different approaches, as mentioned below.

Approach to calculate revenue of different players in the veterinary point-of-care diagnostics market

In this report, the revenue of individual companies were gathered from public sources and databases. In certain cases, the share of veterinary point-of-care diagnostics business for kits & analyzers was ascertained after a detailed analysis of various parameters, including product portfolio, market positioning, selling price, and geographic reach & strength, among others. Individual shares or estimates were validated through expert interviews.

Approach to calculate parent markets of the veterinary point-of-care diagnostics market

In this report, the veterinary companion animal diagnostics market, veterinary radiography systems market, veterinary ultrasound imaging systems market, veterinary CT scanners market, and veterinary imaging market from MnM’s repository were referred to in order to obtain the market size of the veterinary point-of-care diagnostics market. A weighted average of numbers obtained from these reports was taken to derive the market size of the global veterinary point-of-care diagnostics market.

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What the Market Looks Like?

The global veterinary point-of-care diagnostics market size is projected to reach USD 2.4 billion by 2025 from USD 1.4 billion in 2019, at a CAGR of 8.9%.

Objectives of the Study:

# To define, describe, and forecast the veterinary point-of-care diagnostics market with respect to segments in product, animal type, application, technology, end user, and region.

# To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)

# To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall veterinary point-of-care diagnostics market

# To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders

# To forecast the size of the veterinary point-of-care diagnostics market for five main regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa

# To profile the key players in the global veterinary point-of-care diagnostics market and comprehensively analyze their core competencies

# To track and analyze competitive developments such as acquisitions, new tests/technology developments, geographical expansions, and research & development activities of the leading players in the global veterinary point-of-care diagnostics market

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