Selbyville, Delaware, June 19, 2023 (GLOBE NEWSWIRE) --
Veterinary Point of Care Diagnostics Market size will surpass USD 4 billion by 2032, due to the rising prevalence of infectious diseases in animals, growing awareness of animal health, and the increasing number of veterinary practitioners worldwide. Additionally, the surge in livestock population and the adoption of pet insurance policies have led to an increased requirement for point-of-care diagnostic services.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/5890
Another trend fueling market progression is the increasing use of molecular diagnostic techniques such as polymerase chain reaction (PCR) and next-generation sequencing (NGS) for the detection of various animal diseases. These techniques offer high sensitivity and specificity, making them ideal for diagnosing infectious diseases in animals.
Hematology tests gain traction for blood disorder diagnosis
The veterinary point of care diagnostics market from hematology segment will grow at a commendable pace by 2032. Hematology tests are crucial in POC diagnostics as they help detect various blood-related disorders in animals, such as anemia, leukemia, and clotting disorders.
The increasing prevalence of these disorders in animals has generated strong need for hematology tests that can provide valuable insights into an animal's blood parameters, such as red blood cell count, white blood cell count, and platelet count. Additionally, with the advancements in point-of-care hematology analyzers, veterinarians can obtain rapid and accurate blood test results directly at the clinic, facilitating prompt treatment decisions.
Focus on food security to fuel demand for POC diagnosis in livestock
Veterinary POC diagnostics market size from the livestock segment is set to register significant revenue by 2032. The livestock industry, including cattle, swine, and poultry, plays a crucial role in ensuring food security and meeting the demand for animal-derived products. Rapid and on-site diagnostic testing is essential for the early detection and control of infectious diseases in livestock populations. Point-of-care diagnostics also enables efficient disease management, prevention, and treatment, ultimately leading to improved animal welfare and optimized productivity.
Urine sampling to emerge as preferred tool for POC diagnostics
The veterinary point of care diagnostics market from urine segment will register a sizeable development rate through 2032. Urine analysis provides valuable information about an animal's kidney function, urinary tract health, and metabolic status. Veterinary POC diagnostics offers user-friendly urine analyzers that can deliver quick and accurate results. The ability to perform urine sample testing on-site enhances veterinary clinics' capabilities in diagnosing urinary tract infections, kidney diseases, and metabolic disorders, enabling timely intervention and treatment.
Europe to emerge as a major market for veterinary POC diagnostics
Europe will account for a sizeable share of the veterinary point of care diagnostics market by 2032, owing to the high adoption of advanced veterinary diagnostic techniques and the presence of well-established veterinary healthcare infrastructure in the region. Moreover, the increasing prevalence of animal diseases and the growing awareness of animal health have generated robust gains for advanced POC diagnostics systems. Advancements in technology, including wireless connectivity and cloud-based data management systems, are further enhancing the efficiency and accuracy of veterinary diagnostics in Europe, which may influence regional market trends.
Request for Report Customization @ https://www.gminsights.com/roc/5890
Veterinary Point Of Care Diagnostics Industry Players
Some of the major market players operating in the veterinary point of care diagnostics industry are IDEXX Laboratories,Inc., Zoetis, Inc., Virbac, Heska Corporation, EurolyserDiagnostica GmbH, and Thermo FisherScientific, Inc., among others.
Veterinary Point Of Care Diagnostics Market News
April 2023 - Mars announced the acquisition of advanced veterinary diagnostic and specialty products supplier Heska, for USD 120 per share. This deal was meant to enable the expansion of Mars Petcare’s diagnostic offerings and improve the use of point-of-care veterinary diagnostic tests among the pet healthcare community worldwide.
Partial Table of Contents (ToC) of the report:
Chapter 3 Veterinary Point of Care Diagnostics Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Increasing pet-related expenditures
3.2.1.2 Technological advancements
3.2.1.3 Increasing demand for point-of-care diagnostics
3.2.1.4 Rising livestock population and pet ownership
3.2.2 Industry pitfalls & challenges
3.2.2.1 High cost of veterinary imaging systems
3.3 Growth potential analysis
3.3.1 By product
3.3.2 By test type
3.3.3 By animal type
3.3.4 By sample type
3.3.5 By end-user
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
3.5.1 U.S.
3.5.2 Europe
3.6 Technology landscape
3.7 Porter's analysis
3.8 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Company positioning matrix
4.4 Competitive analysis of major market players
4.5 Strategic outlook matrix
4.6 Strategy dashboard, 2022
Browse Our Reports Store - GMIPulse @ https://www.gminsights.com/gmipulse
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
