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Veterinary Rapid Test Market Size, Share Global Analysis Report, 2020–2026
Veterinary Rapid Test Market By Product Type (Rapid test kits and Rapid test readers), Animal Type (Canine, Feline, Cattle, and Others), Application (Viral diseases, Bacterial diseases, Parasitic diseases, and Others) and Regions: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
The veterinary rapid test market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire veterinary rapid test market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the veterinary rapid test industry. The report analyzes and declares the historical and current trends analysis of the veterinary rapid test industry and subsequently recommends the projected trends anticipated to be observed in the veterinary rapid test market during the upcoming years.
Key Insights from Primary Research
- As per our primary respondents, the global veterinary rapid test market is set to grow annually at a rate of around 8%
- It was established through primary research that the global veterinary rapid test market was valued at around 600USD million in 2019
- The “viral diseases” category, on the basis of application segmentation, is expected to dominate in terms of revenue, over the forecast period
- Based on the region, North America is expected to account for the revenue share in 2019 in the target market
Key Recommendations from Analysts
- As per our analysts, the global veterinary rapid test is growing at a high CAGR and various end-use industries are aware of this potential market and applications of veterinary rapid test
- Growing at a CAGR of around 8.48%, the global veterinary rapid test market provides numerous opportunities for all of the involved stakeholders across the entire value chain
- Our analysts have identified viral diseases as are dominating segment for a global veterinary rapid test market in terms of application segmentation
Market Attractiveness – By Application
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the veterinary rapid test industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the veterinary rapid test industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the veterinary rapid test market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders for the veterinary rapid test involved in the entire value chain of the veterinary rapid test industry. the market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the veterinary rapid test sector. Key strategic developments in the veterinary rapid test market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the veterinary rapid test market are appropriately highlighted in the report.
The veterinary rapid test market research report delivers an acute valuation and taxonomy of the veterinary rapid test industry by practically splitting the market on the basis of different product types, animal types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the veterinary rapid test industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the veterinary rapid test industry is provided for the leading economies of the world.
Growing awareness regarding animal health among individuals across the globe, along with increasing expenditure on research and development for animal health are major factors driving the growth of the veterinary rapid test market. Additionally, increasing the prevalence of zoonotic diseases is another factor to propel target market growth over the forecast period. However, the lack of awareness regarding the use of the animal rapid test by the owners of the pet is expected to hamper the growth of the target market during the forecast period.
The veterinary rapid test market is segmented based on the animal type, product type, and application. On the basis of product type segmentation, the market is classified into rapid test kits and rapid test readers. Based on the animal type the target market is classified into canine, feline, cattle, and others. On the basis of application, the global veterinary rapid test market is bifurcated into bacterial diseases, viral diseases, parasitic diseases, and others.
Major companies in the global veterinary rapid test market are trying to focus on inorganic business strategies including launches of innovative products along with strategic partnerships.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 583.84 Million |
Projected Market Size in 2026 |
USD 1030.43 Million |
CAGR Growth Rate |
8.48% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Chembio Diagnostic Systems, Abaxis, Dutch Diagnostics, CorisBioconcept, SafePath Laboratories, Biosynex, NTBIO Diagnostics amongst, BioNote, Zoetis, LifeAssays, and Fassisi. |
Key Segment |
By Product, By Animal, By Application, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The taxonomy of the veterinary rapid test Market by its scope and segmentation is as follows:
Some of the essential players operating in the veterinary rapid test market, but not restricted to include
- Chembio Diagnostic Systems
- Abaxis
- Dutch Diagnostics
- CorisBioconcept
- SafePath Laboratories
- Biosynex
- NTBIO Diagnostics
- BioNote
- Zoetis
- LifeAssays
- Fassisi
By Product Type Segmentation Analysis(Customizable)
- Rapid test kits
- Rapid test readers
By Animal Type Segmentation Analysis (Customizable)
- Canine
- Feline
- Cattle
- Others
By Application Segmentation Analysis (Customizable)
- Viral diseases
- Bacterial diseases
- Parasitic diseases
- Others
Regional Segmentation Analysis(Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
Table of Content
Industry Major Market Players
- Chembio Diagnostic Systems
- Abaxis
- Dutch Diagnostics
- CorisBioconcept
- SafePath Laboratories
- Biosynex
- NTBIO Diagnostics
- BioNote
- Zoetis
- LifeAssays
- Fassisi
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