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Veterinary Point of Care Diagnostics Market Trends

  • Report ID: GMI5890
  • Published Date: May 2023
  • Report Format: PDF

Veterinary Point of Care Diagnostics Market Trends

The point of care testing technology provides clinically relevant diagnostic information without the need for a core diagnostic laboratory. Therefore, they have the potential to reduce the cost and time associated with the veterinary diagnosis. The lateral flow technology applied in POC veterinary lateral flow assay devices and dipsticks have been used for decades in the diagnosis of infectious diseases among animals. These test products comprise portable immuno-chromatography strips with antigens and antibodies for specific disease diagnoses. The positive results obtained using lateral flow POC devices are medically accepted; however, in case of negative results, it may require other confirmatory laboratory tests owing to their lower sensitivity.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market valuation of veterinary point of care diagnostics accounted for over USD 1.7 billion in 2022 and is anticipated to cross USD 4.1 billion by 2032.

The consumables segment held 57.3% of the market share in 2022 and will expand further due to the availability of subscription-based (POC lab) or repetitive payments sales models for reagents and consumables.

North America veterinary PoC (Point-of-Care) diagnostics market will record a 9% CAGR between 2023 to 2032 driven by the presence of major animal healthcare companies and developments in veterinary healthcare settings in Canada and the U.S.

Zoetis, Inc., Heska Corporation, EurolyserDiagnostica GmbH, Virbac, IDEXX Laboratories, Inc., Thermo FisherScientific, Inc., among others.

Veterinary Point of Care Diagnostics Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 450
  • Countries covered: 20
  • Pages: 220
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