Veterinary Point-of-Care (PoC) diagnostics market report gives comprehensive outlook on veterinary Point-of-Care (PoC) diagnostics across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). This report on veterinary Point-of-Care (PoC) diagnostics market gives historical, current, and future market sizes (US$ Mn) of product, application, sample, animal type, distribution channel and geographic regions. This report studies veterinary Point-of-Care (PoC) diagnostics market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
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The Veterinary Point-of-Care (PoC) diagnostics market is estimated to be valued US$ Mn in 2016 and expected to expand at CAGR of %, and projected to reach US$ Mn by 2023.
Medical discoveries have made tremendous changes in veterinary healthcare system like Point-of-Care (PoC), it enables rapid results in non-laboratory settings. There is traction in veterinary point-of-care diagnostics market due to adoption of advanced and innovative diagnostic testing methods. Increased prevalence of various pandemic diseases, less span of time, precise results, change in diagnostic trend and adoption of state-of-art technologies are anticipated to foster the veterinary PoC diagnostic market over the forecast time frame.
Companies are focused on veterinary point-of-care testing to get accurate results in non-clinical laboratory settings. Increased ease of testing is creating demand for PoC test kits. Favorable government policies are witnessing to accelerate the market over the forecast timeline. However, inadequate reimbursement policies are expected to hamper veterinary Point-of-Care diagnostics market.
U.S. veterinary point-of-care diagnostic market is expected to dominate the regional revenue share over the coming years. Increased pet adoption and rising awareness is expected to fuel the market. Brazil veterinary point-of-care diagnostics market is expected to dominate share due to increased animal production is vital factor contributing to the market.
Emerging countries in Asia Pacific, China, and India expected to unlock the potential of the veterinary PoC Diagnostics market. Rising production of poultry, farm animals coupled with increased chronic diseases are witnessing lucrative opportunities for veterinary Point-of-Care diagnostics market.
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Competition Assessment
Key players’ profiles in the global veterinary Point-of-Care (PoC) Diagnostics market include:
• IDEXX Laboratories (U.S.)
• Abaxis (U.S.)
• Biogal, Galed Labs. Acs Ltd. (Israel)
• Bionote, Inc (Republic of Korea)
• Diagon (Hungary)
• LifeAssays AB (Sweden)
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