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Veterinary Rapid Testing - Global Strategic Business Report

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    Report

  • 83 Pages
  • December 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5303766
The global market for Veterinary Rapid Testing was estimated at US$892.3 Million in 2023 and is projected to reach US$1.5 Billion by 2030, growing at a CAGR of 8.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

What Is Veterinary Rapid Testing, and Why Is It So Crucial in Animal Healthcare?

Veterinary Rapid Testing involves the use of diagnostic kits and devices to quickly detect diseases, infections, and other health conditions in animals. These tests offer results in a matter of minutes to a few hours, enabling veterinarians to make timely and accurate diagnoses. Veterinary rapid tests cover a wide range of conditions, including infectious diseases (like parvovirus, feline leukemia, and bovine mastitis), parasitic infections (such as heartworm and tick-borne diseases), and metabolic disorders. These tests are designed for various animals, including pets, livestock, and even wildlife, making them versatile tools in both clinical and field settings.

The importance of veterinary rapid testing lies in its ability to provide quick, reliable, and cost-effective diagnostics, which is essential for initiating timely treatment, preventing disease spread, and improving animal health outcomes. In emergency situations, such as acute infections or disease outbreaks, rapid tests facilitate immediate intervention, reducing the risk of complications and improving recovery rates. With growing awareness of zoonotic diseases (diseases that can spread from animals to humans), rapid testing plays a crucial role in public health by aiding in the early detection and containment of diseases that could potentially impact both animals and humans.

How Are Technological Advancements Shaping the Veterinary Rapid Testing Market?

Technological advancements have significantly enhanced the accuracy, speed, and scope of Veterinary Rapid Testing, driving innovation across the field. One of the major developments is the introduction of lateral flow immunoassay (LFIA) technology, which is widely used in rapid tests for detecting antigens, antibodies, and pathogens. LFIA-based tests offer simple, point-of-care diagnostics with high sensitivity and specificity, making them ideal for detecting diseases like canine parvovirus, feline leukemia virus, and bovine tuberculosis. These tests use color change indicators that provide clear, visual results within minutes, improving efficiency in both clinical and on-site settings.

The rise of molecular diagnostic technologies, such as polymerase chain reaction (PCR) and isothermal amplification, has further improved rapid testing capabilities. Molecular tests provide higher accuracy and sensitivity compared to traditional immunoassays, enabling the detection of lower levels of pathogens in animal samples. Innovations like loop-mediated isothermal amplification (LAMP) allow for rapid nucleic acid amplification without the need for specialized laboratory equipment, making it suitable for field use in detecting bacterial, viral, and parasitic infections in livestock, pets, and wildlife.

Advancements in multiplex testing, where a single rapid test can detect multiple pathogens simultaneously, have expanded the range of conditions that can be diagnosed in a single test. For example, multiplex tests can identify multiple respiratory pathogens or gastrointestinal infections in pets or livestock, providing a comprehensive diagnostic approach that reduces time and cost. The integration of digital technology with rapid testing kits, such as smartphone-based readers and data analytics, has further enhanced diagnostic accuracy and enabled real-time data sharing. These technological innovations not only expand the capabilities of veterinary rapid testing but also align with broader trends toward faster, more accurate, and accessible diagnostics in modern animal healthcare.

What Are the Emerging Applications of Veterinary Rapid Testing Across Different Animal Types?

Veterinary Rapid Testing is finding expanding applications across various animal species, driven by the need for quick and reliable diagnostics in diverse veterinary settings. In companion animals, such as dogs and cats, rapid tests are widely used to detect infectious diseases like parvovirus, feline leukemia, heartworm, and Lyme disease. The availability of rapid tests in veterinary clinics allows for immediate treatment decisions, reducing the risk of complications and improving outcomes. Additionally, rapid tests for reproductive hormones, such as progesterone, support breeding management by accurately predicting optimal breeding times, enhancing success rates in dogs and cats.

In livestock management, rapid tests are crucial for detecting infectious diseases that impact herd health, productivity, and food safety. Tests for bovine mastitis, avian influenza, brucellosis, and porcine reproductive and respiratory syndrome (PRRS) provide real-time disease monitoring on farms, enabling farmers to implement timely biosecurity measures and prevent disease outbreaks. Rapid tests in livestock are also used for monitoring antibiotic residues and ensuring compliance with food safety regulations, supporting the production of safe and high-quality animal products.

In equine medicine, rapid testing is used for conditions such as equine infectious anemia (EIA), strangles, and West Nile virus, offering quick results that help manage outbreaks in stables, racetracks, and breeding centers. For exotic animals and wildlife, rapid tests are employed to detect diseases like avian influenza, rabies, and Newcastle disease, aiding in the monitoring and management of wildlife health and zoonotic disease risks. The expanding applications of veterinary rapid testing across these animal types highlight its critical role in improving animal health, ensuring food safety, and supporting public health through timely disease detection and management.

What Drives Growth in the Veterinary Rapid Testing Market?

The growth in the Veterinary Rapid Testing market is driven by several factors, including increasing pet ownership, rising demand for food safety, and the need for efficient disease management in animals. One of the primary growth drivers is the growing global pet population, with pet owners seeking high-quality healthcare solutions for their animals. Rapid tests provide pet owners and veterinarians with convenient, on-the-spot diagnostics that facilitate early treatment and improve animal welfare. As awareness of zoonotic diseases grows, the importance of rapid testing for disease detection and prevention has also increased, supporting public health initiatives and pet healthcare.

The expansion of the livestock industry, driven by rising demand for meat, dairy, and other animal products, has created a need for effective disease management and food safety measures. Rapid testing is essential for ensuring herd health, improving productivity, and reducing the risk of disease outbreaks, making it a vital tool in livestock management. Regulatory mandates for routine disease surveillance and food safety compliance have further fueled demand for veterinary rapid testing, particularly in large-scale farming and food production sectors.

Technological advancements in diagnostic accuracy, multiplex testing, and field-deployable kits have expanded the scope of rapid testing, making it more versatile and effective. The integration of digital tools, such as mobile apps and cloud-based platforms, allows for real-time data sharing, improving disease monitoring and response. Government initiatives aimed at controlling zoonotic diseases, promoting animal health, and supporting food safety have also contributed to market growth. With ongoing innovations in rapid diagnostic technologies, improved access to testing kits, and increasing awareness of animal health, the Veterinary Rapid Testing market is poised for robust growth, driven by global trends toward faster, more accurate, and cost-effective animal diagnostics.

Scope of the Study

The report analyzes the Veterinary Rapid Testing market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Product (Kits, Readers); Animal Type (Companion Animals, Livestock Animals); Application (Viral Diseases, Bacterial Diseases, Parasitic Diseases, Allergies, Other Applications)

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Testing Kits segment, which is expected to reach US$1.1 Billion by 2030 with a CAGR of a 8.7%. The Testing Readers segment is also set to grow at 6.9% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $234.3 Million in 2023, and China, forecasted to grow at an impressive 12.0% CAGR to reach $383.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Veterinary Rapid Testing Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Veterinary Rapid Testing Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Veterinary Rapid Testing Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players in the Global Veterinary Rapid Testing Market such as BioNote, Inc., Biopanda Reagents, Ltd., Fassisi GmbH, Heska Corporation, IDEXX Laboratories, Inc. and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 22 companies featured in this Global Veterinary Rapid Testing Market report include:

  • BioNote, Inc.
  • Biopanda Reagents, Ltd.
  • Fassisi GmbH
  • Heska Corporation
  • IDEXX Laboratories, Inc.
  • Megacor Diagnostik GmbH
  • Swissavanss AG
  • Virbac
  • Woodley Equipment Company, Ltd.
  • Zoetis, Inc.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • Veterinary Rapid Testing - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rising Demand for Early Disease Detection Drives Veterinary Rapid Testing Market
  • Advancements in Point-of-Care Testing Propel Rapid Testing Adoption
  • Expanding Role in Companion Animal Diagnostics Sets the Stage for Market Growth
  • Case Overview: Demand for Parasitic Infection Testing Enhances Rapid Testing Market
  • Growing Use in Infectious Disease Detection Sustains Rapid Testing Market
  • Push for Cost-Effective Diagnostic Solutions Drives Rapid Testing Adoption
  • Increasing Adoption in Veterinary Clinics Enhances Rapid Testing Market
  • Expanding Use in Feline and Canine Testing Drives Rapid Testing Demand
  • Case Overview: Demand for Tick-Borne Disease Detection Propels Market
  • Expanding Application in Livestock Health Propels Market Demand
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Companion Animals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Companion Animals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Companion Animals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Livestock Animals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Livestock Animals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Livestock Animals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Viral Diseases by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Viral Diseases by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Viral Diseases by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Bacterial Diseases by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Bacterial Diseases by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Bacterial Diseases by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Parasitic Diseases by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Parasitic Diseases by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Parasitic Diseases by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Allergies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Allergies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Allergies by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 22: World Veterinary Rapid Testing Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 23: World Recent Past, Current & Future Analysis for Veterinary Rapid Testing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Veterinary Rapid Testing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Veterinary Rapid Testing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Kits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Kits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Kits by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Readers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 30: World Historic Review for Readers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 31: World 16-Year Perspective for Readers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Veterinary Rapid Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Veterinary Rapid Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Veterinary Rapid Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Veterinary Rapid Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Veterinary Rapid Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Veterinary Rapid Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Veterinary Rapid Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Veterinary Rapid Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Veterinary Rapid Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Veterinary Rapid Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Veterinary Rapid Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Veterinary Rapid Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Veterinary Rapid Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned

  • BioNote, Inc.
  • Biopanda Reagents, Ltd.
  • Fassisi GmbH
  • Heska Corporation
  • IDEXX Laboratories, Inc.
  • Megacor Diagnostik GmbH
  • Swissavanss AG
  • Virbac
  • Woodley Equipment Company, Ltd.
  • Zoetis, Inc.

Table Information