Future Growth Prospects in the Global Veterinary PoC Diagnostics Industry - A Comprehensive Study by MarketsandMarkets™

Overview of This Study:

The study involved four major activities in estimating the size of the global Veterinary PoC Diagnostics Industry. Exhaustive secondary research was done to collect information on the adoption of different technologies and their regional adoption trends.

Industry experts further validated the data obtained through secondary research through primary research. Furthermore, the market size estimates and forecast provided in this study are derived through a mix of the bottom-up approach (country-level incidence data for various diseases) and top-down approach (assessment of utilization / adoption / penetration trends, by product, technology, application, animal type, and end user). After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments.

Major Growth Influencing Factors:


# Growth in the companion animal population
# Increasing prevalence of zoonotic diseases
# Advantages of POCT
# Increasing demand for animal-derived food products
# Growing demand for pet insurance & increasing pet care expenditure

Factor Which May Restrain the Growth:

# High cost of veterinary imaging systems

Projected Surge in the Global Market Value:

The global veterinary PoC diagnostics market in terms of revenue was estimated to be worth $1.4 billion in 2019 and is poised to reach $2.4 billion by 2025, growing at a CAGR of 8.9% from 2019 to 2025.

Download the PDF Brochure for More Detailed Information@

Major Objectives of This Study:

# To define, describe, and forecast the veterinary PoC diagnostics market with respect to segments in product, animal type, application, technology, end user, and region.

# To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges).

# To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.

# To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.

# To forecast the size of the veterinary point-of-care diagnostics market for five main regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa.

# To profile the key players in the global veterinary point-of-care diagnostics market and comprehensively analyze their core competencies.

# To track and analyze competitive developments such as acquisitions, new tests/technology developments, geographical expansions, and research & development activities of the leading players in the global market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

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