Home > > Global Veterinary Point of Care Diagnostics Market Report
The Veterinary Point of Care Diagnostics market was valued at $1,215.7 Million in 2022, and is projected to reach $4,134.2 Million by 2032 growing at a CAGR of 13.09% from 2023 to 2032.The veterinary point-of-care diagnostics market is driven by several factors, including the increasing prevalence of pet ownership, the rising demand for advanced diagnostic technologies, and the growing awareness of animal healthcare among pet owners. There is also a trend towards more preventive care, which has increased the demand for early and accurate diagnoses. In addition, the development of portable and easy-to-use diagnostic devices has made it more convenient for veterinarians to perform diagnostic tests at the point of care, rather than relying on external laboratories. This has further boosted the demand for point-of-care diagnostic products in the veterinary market. There are several companies that are actively involved in the development of veterinary point-of-care diagnostic products. Some of the top players in this market include IDEXX Laboratories, Inc., Abbott Laboratories, BioFire Defense, Inc., and Zoetis, Inc. These companies have developed a range of diagnostic products, including rapid test kits, portable analyzers, and handheld devices, to meet the diverse needs of the veterinary market. IDEXX Laboratories, Inc., for example, offers a range of point-of-care diagnostic products, including the IDEXX VetLab Station, a fully automated, in-clinic diagnostic analyzer that offers a wide range of diagnostic tests. Abbott Laboratories has also developed a range of point-of-care diagnostic products for the veterinary market, including the ID Now, a rapid diagnostic test for the detection of respiratory viruses in pets. Overall, the veterinary point-of-care diagnostics market is expected to continue growing in the coming years, driven by the increasing demand for advanced diagnostic technologies and the growing awareness of animal healthcare among pet owners.