The rise in companion animal population worldwide is driving the global “veterinary point-of-care diagnostics market”, predicts Fortune Business Insights. The report is titled.” Veterinary Point-of-Care Diagnostics Market Size, Share and Global Trend by Types (kit, Instruments), Application (Hormone Level Testing, Infectious Disease Testing), End Users (Veterinary Hospitals, Home Care Settings, Veterinary Clinics) and Geography Forecast till 2026”.
The report states that the kits sub-segment will account for the largest share in the global market on the basis of type. This is owing to the increasing adoption of home testing devices worldwide.
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Rising Disposable Income of Consumers and Cost Efficiency of Products to Help Asia Pacific Emerge as Fastest Growing Region
Fortune Business Insights foresees the global veterinary point-of-care diagnostics market to be dominated by North America. This is owing to the rising acceptance of pet owners willing to pay for the health of their pets in the developed nations of Canada and the U.S. This, coupled with the rising awareness about the direct and indirect impact of livestock health on the food chain of the ecosystem, is helping the market witness considerable growth in the region.
Furthermore, Asia Pacific is anticipated to exhibit the fastest rate of growth on account of the rising disposable income of people and increasing awareness about pet healthcare. In addition, access to affordable pet diagnostic in the developing nations such as India and China will create lucrative growth opportunities for the global veterinary point-of-care diagnostics market in future.
Some players operating in the global veterinary point-of-care diagnostics market are Heska Corporation, bioMérieux SA, Zoetis Inc., Randox Laboratories Ltd., Virbac, Eurolyser Diagnostica GmbH Thermo Fisher Scientific Inc., Neogen Corporation, Heska Corporation, IDEXX Laboratories, Inc., and others.