Veterinary POC Market Share, Growth, Business Opportunity And Forecast 2027

Veterinary PoC Diagnostics Market- Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecast to 2027

Published: Aug-2021	Report ID: MEDE2101	Pages: 1 - 257	Formats^*:
Category : Medical Devices

The global veterinary POC market is expected to grow at a CAGR of 7.4% from 2020 to reach USD 2.47 billion by 2027. The growth is primarily attributed to increasing zoonotic diseases in companion and livestock animals, increasing adoption of POC devices in labs and hospitals & clinics, growing adoption of pet animals along with increasing population of livestock animals.

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By Product: Consumables dominated the veterinary POC diagnostics market in 2020

Consumables segment accounted for the largest share of veterinary POC diagnostics market. The largest share of this segment is mainly due to recurrent use of consumables and wider availability of reagents for diseases.

By Technology: Clinical biochemistry hold largest share in the veterinary POC diagnostics market in 2020

On the basis of technology, veterinary point of care diagnostics market is segmented into immunodiagnostics, clinical biochemistry, molecular diagnostics, hematology, urinalysis, and other technologies. Clinical biochemistry segment held largest share in 2020 and is expected to follow same trend during the forecast period. The largest share of this segment is mainly attributed to wider of application of clinical biochemistry devices in companion animals and growing adoption of companion animals across the globe. However, molecular diagnostic segment is expected to register highest growth during the forecast period.

By Application, Clinical pathology accounted for the largest market share in 2020

Veterinary point of care diagnostics market is segmented into clinical pathology, bacteriology, virology, parasitology, and other applications on the basis of application. Clinical pathology accounted for largest market share in 2020 and expected to grow further in the forecast period. The growth is mainly related to adoption of various types of chemistry analysers in the clinical diagnosis of diseases in primary stage in companion animals

By Animal Type: Companion animal segment accounted for largest share in 2020 and expected to register highest growth

On the basis of animal type, companion animal segment accounted for the largest share in veterinary POC diagnostics market. The large share and high growth of this segment is mainly attributed to increasing adoption of companion animal and growing pet expenditure along with increasing pet insurance. On the other hand, few players are developing POC diagnostic devices for livestock animal segment which will drive the adoption of POC devices in livestock.

By End User: Veterinary point of care diagnostics market held largest market share in veterinary clinics in end user segment

Based on the end user segregation, veterinary clinics accounted for largest market share in 2020. Increasing veterinary visits, growing number of veterinary clinics across the globe, and rising veterinary expenditure are key factors driving the growth of this segment.

By Region: APAC is the fastest growing regional market

In 2020, North America accounted for the largest share of veterinary POC diagnostics market. The largest share of this regional segment is mainly due to well established animal health industry in the region, high pet expenditure, & growing adoption of companion animals. On the other hand, APAC regional segment is expected to grow at a highest rate. High growth of this market is primarily due to increasing number of vet facilities in this region, growing companion animal population, and increasing awareness on animal health.

Competitive Scenario

Zoetis Inc. (US)
IDEXX Laboratories Inc. (US)
Heska Corporation (US)

accounted for the major share of the veterinary POC diagnostics market.

Other key players operating in this market are

Virbac (France)
Thermo Fisher Scientifi. Inc. (US)
Eurolyser Diagnostica GmbH (Austria)
Woodley Equipment Company (UK)
Randox Laboratories LTD. (UK)
AniPOC Ltd. (UK)
Carestream Health Inc. (a part of ONEX Corporation) (Canada)
NeuroLogica Corporation (a part of Samsung Electronics Co. Ltd.) (South Korea)
and FUJIFILM SonoSite (a part of FUJIFILM Holdings Corporation) (Japan)

1. Introduction

2. Research Methodology

3. Executive Summary

4. Premium Insights

5. Market Overview

5.1. Introduction
5.2. Market Dynamics

5.2.1. Drivers
5.2.2. Restraints
5.2.3. Opportunities
5.2.4. Challenges

5.3. COVID-19 Impact of the Veterinary PoC Diagnostics Market

6. Industry Insights

6.1. Introduction
6.2. Industry Trends

7. Global Veterinary PoC Diagnostics Market, By Product, 2019-2027 (USD Million)

7.1. Introduction
7.2. Consumables
7.3. Instruments

8. Global Veterinary PoC Diagnostics Market, By Technology, 2019-2027 (USD Million)

8.1. Immunodiagnostics
8.2. Clinical Biochemistry
8.3. Molecular Diagnostics
8.4. Hematology
8.5. Urinalysis
8.6. Other Technologies

9. Global Veterinary PoC Diagnostics Market, By Animal Type, 2019-2027 (USD Million)

9.1. Companion Animals
9.2. Livestock Animals

10. Global Veterinary PoC Diagnostics Market, By Application, 2019-2027 (USD Million)

10.1. Clinical Pathology
10.2. Bacteriology
10.3. Virology
10.4. Parasitology
10.5. Other Applications

11. Global Veterinary PoC Diagnostics Market, By End User, 2019-2027 (USD Million)

11.1. Veterinary Clinics
11.2. Veterinary Hospitals and Academic Institutes
11.3. Home Care Settings

12. Global Veterinary PoC Diagnostics Market, By Geography, 2019-2027 (USD Million)

12.1. North America

12.1.1. US
12.1.2. Canada

12.2. Europe

12.2.1. Germany
12.2.2. UK
12.2.3. France
12.2.4. Italy
12.2.5. Spain
12.2.6. Rest of Europe

12.3. Asia-Pacific

12.3.1. China
12.3.2. Japan
12.3.3. India
12.3.4. Rest of Asia-Pacific
12.4. Rest of the World
12.4.1. Latin America
12.4.2. Middle East & Africa

13. Competitive Landscape

13.1. Introduction
13.2. Market Share Analysis
13.3. Competitive Situation and Trends

13.3.1. Product Launches
13.3.2. Partnerships, Collaborations and Agreements
13.3.3. Acquisitions
13.3.4. Expansions
13.3.5. Other Developments

14. Company Profiles

14.1. Zoetis, Inc. (US)
14.2. IDEXX Laboratories, Inc. (US)
14.3. Heska Corporation (US)
14.4. Virbac (France)
14.5. Thermo Fisher Scientific, Inc. (US)
14.6. Eurolyser Diagnostica GmbH (Australia)
14.7. Woodley Equipment Company (UK)
14.8. Randox Laboratories Ltd. (UK)
14.9. AniPOC, Ltd. (UK)
14.10. Carestream Health, Inc. ( a part of ONEX Corporation) (Canada)
14.11. NeuroLogica Corporation (a part of Samsung Electronics Co. Ltd.) (South Korea)
14.12. FUJIFILM SonoSite (a part of FUJIFILM Holdings Corporation) (Japan)

15. Appendix

15.1. Discussion Guide
15.2. Available Customizations
15.3. Related Reports

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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