Veterinary Rapid Test Market Size & Share, by Product Type (Rapid Test Kit, Rapid Test Reader); Animal Type (Companion Animals, Live-Stock Animals); Application (Viral Infection, Bacterial Infection, Parasite, Allergy) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 3938
  • Published Date: Oct 22, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Veterinary Rapid Test Market size was valued at USD 925.68 million in 2024 and is expected to exceed USD 4.08 billion by the end of 2037, registering over 12.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of veterinary rapid test is evaluated at USD 1.01 billion.

The natural ability of animals to transmit diseases to humans increases the threat to public health from zoonotic diseases. Zoonotic diseases fall into one of three categories:  endemic, endemic, and emerging and re-emerging. Zoonoses are estimated to account for up to 75% of newly discovered or emerging infectious diseases and approximately 60% of recorded infectious diseases. Worldwide, over 2.5 billion human illnesses and over 2.7 million deaths each year are thought to be caused by zoonotic diseases. Additionally, zoonotic diseases are prevalent worldwide and in the United States.

The use of state-of-the-art technologies such as real-time polymerase chain reaction, next-generation sequencing, and matrix-assisted laser desorption/ionization time-of-flight mass spectrometry has significantly advanced the clinical laboratory diagnosis of animal diseases over the past few years. However, all these methods require highly qualified personnel, special equipment, and laboratory space. As a result, there is a growing demand for point-of-care testing for disease diagnosis and animal health. Currently, available assays include a wide range of assays based on antibodies, antigens, nucleic acids, and nanopore sequencing. Every test consists of their individual weakness and strength.


Veterinary Rapid Test Market Size
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Veterinary Rapid Test Sector: Growth Drivers and Challenges

Growth Drivers

  • Integration of Growth Strategies by Market Players - Growth strategies include new product launches, mergers and acquisitions, obtaining investments from prominent companies to provide consumers with innovative and safe products and strengthen our product offering, expanding our customer base, and expanding our market reach. This includes strengthening our presence and expanding our geographic footprint. They are currently seeing an increasing trend in the market towards these strategies.
  • Increasing Demand for Animal Derived Food Products - Recently, it has been recognized that the demand for foods of animal origin, such as meat, dairy products, and eggs, is increasing. The Food and Agriculture Organization of the United Nations predicts that to feed the world's 9.3 billion people by 2050 he will need to produce 60% more food. If people tried to do this through conventional farming, the resources we have would be overwhelmed. Furthermore, resource scarcity, particularly the decline in arable land, has significantly contributed to the recent decline in agricultural productivity. This has increased the demand for animal products around the world. Moreover, an increase in the number of cattle due to the increased demand and consumption of goods obtained from animals may result in a zoonotic outbreak. The adoption of quick testing is expected to drive the market for swift and rapid disease identification and treatment.

Challenges

  • Lack of Animal Care Infrastructure in Developing Countries - Livestock provides many important benefits for healthy nutrition and survival. This is especially true in developing countries where there are few other nutritious food options. To maintain food system sustainability, the development of rapid veterinary testing methods for livestock welfare must be coordinated with animal food production. Most livestock live in developing countries, where a large portion of the animal's diet is also produced. Nevertheless, high-income countries are more represented than low-income countries in research to develop rapid testing technologies for livestock welfare.
  • Lack of Awareness is Expected to Hamper the Market Growth in the Forecast Period
  • High Cost of Veterinary Care is Anticipated to Pose Limitation on the Market Expansion in the Projected Period

Veterinary Rapid Test Market: Key insights

Base Year

2024

Forecast Year

2025-2037

CAGR

12.1%

Base Year Market Size (2024)

USD 925.68 million

Forecast Year Market Size (2037)

USD 4.08 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Veterinary Rapid Test Segmentation

Product Type (Rapid Test Kit, Rapid Test Reader)

In terms of product type, the rapid test kit segment share in the veterinary rapid test market is anticipated to surpass 63% by the end of 2037. Rapid diagnostic tests are based on immunochromatographic detection of circulating antigens in the bloodstream. Rapid test kits are used for initial screening tests and are beneficial in resource-limited settings. The introduction of new products in the sector and increased funding for animal health are driving growth in the sector. For instance, VolitionRx Limited, a global epigenetics company, announced in November 2022 that it would be able to expand in the U.S. and Europe through Heska's Veterinary Diagnostic Laboratory in partnership with Heska Corporation, a leading multinational provider of advanced veterinary diagnostics. They have started Nu.Q Vet cancer screening test.

Animal Type (Companion Animals, Live-Stock Animals)

Based on animal type, the companion animal segment in the veterinary rapid test market is predicted to reach 64% during the forecast period. Companion animals are animals that live close to people in their homes and lives. People consider these animals to be family pets, and because they are family pets, pets are subject to special legal protections than other animals. Legally, this group is often limited to dogs and cats, but may also include birds, horses, and other animals. Increased acceptance of pets including dogs and cats, increased spending on pet health and other needs, introduction of new pet products, and increased market development in this segment are driving the growth of this segment.

Our in-depth analysis of the global veterinary rapid test market includes the following segments:

     Product Type

  • Rapid Test Kit
  • Rapid Test Reader

     Animal Type

  • Companion Animals
  •  Live-Stock Animals

     Application

  • Viral Infection
  • Bacterial Infection
  • Parasite
  • Allergy

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Veterinary Rapid Test Industry - Regional Synopsis

APAC Market Forecast

The veterinary rapid test market in the Asia Pacific region is set to hold the highest share during the forecast period, as more people own pets and place greater emphasis on veterinary health, as well as increasing government initiatives to support veterinary health in developing countries in the region. Lucky opportunities are likely to emerge in the rapid veterinary testing market in the Pacific region. It is estimated that the number of pets in a country like Australia is increasing rapidly, so it is almost difficult to know the exact number of pets in this country. Statistics show that dogs are the most popular pet species in Australia, with 40% of households having at least one dog. This was followed by cats (27%), fish (11%), birds (9%), small mammals (3%), and reptiles (2%). In addition, he reported that 2% of households own pets such as hermit crabs, horses, goats, cows, and alpacas.

European Market Statistics

The veterinary rapid test market in the Europe region is set to grow significantly during the review period. Agricultural enterprises in the region face major challenges in sustainably producing enough food to feed a growing population. Regional livestock populations are expected to increase over the next decade due to the rapidly increasing demand for safe, effective, and high-quality animal protein. Livestock productivity continues to be affected by infectious diseases, and international trade in animals and livestock products increases the risk of new infectious disease outbreaks in the region

Research Nester
Veterinary Rapid Test Market
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Companies Dominating the Veterinary Rapid Test Landscape

    • Zoetis Services LLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • IDEXX Laboratories, Inc.
    • Heska Corporation
    • Biopanda Reagents Ltd
    • Virbac
    • Fassisi GmbH
    • Bionote USA Inc.
    • Swissavans AG.
    • MEGACOR Veterinary Diagnostics
    • Woodley Equipment Company Ltd.

In the News

  • Zoetis Inc. acquired Ethos Diagnostic Science, a veterinary reference lab company dedicated to providing accurate and reliable results to leading veterinary hospitals, the entire veterinary community, and researchers. Zoetis continued to expand the number of diagnostic tests available, with a view to making them wide and more useful for veterinarians in the U.S., following its entry into the field of veterinary reference laboratories through the acquisitions of both Phoenix Lab and ZNLabs in 2019.
  • LE SNAPISH 4x was launched by IDEXX Laboratories Inc., a global leader in animal health innovations and one of the first to launch an entire vectorborne disease screening test that included canine leishmaniosis.

Author Credits:  Radhika Pawar


  • Report ID: 3938
  • Published Date: Oct 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of veterinary rapid test is evaluated at USD 1.01 billion.

Veterinary Rapid Test Market size was valued at USD 925.68 million in 2024 and is expected to exceed USD 4.08 billion by the end of 2037, registering over 12.1% CAGR during the forecast period i.e., between 2025-2037. The growing integration of strategies by market players and demand for animal-derived food products will drive the market growth.

Asia Pacific industry is anticipated to account for largest revenue share by 2037, due to increasing government initiatives to support veterinary health in the region.

The major players in the market are of Fassisi GmbH, Bionote USA Inc., Swissavans AG., MEGACOR Veterinary Diagnostics, Woodley Equipment Company Ltd., and others.
Veterinary Rapid Test Market Report Scope
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