Global Veterinary Rapid Test Market Overview:
Veterinary Rapid tests give positive or negative results to support the diagnosis of a variety of health disorders in animals such as dogs, cats, and cows it is quick and easy to perform. This test depends on a lateral flow immunochromatographic assay and it is more accurate in comparison to the presumptive diagnosis. The test device has a testing window. and it has an invisible T(test) zone and C(control) zone and If there is enough antigen/antibody in the sample, a visible T band will appear. The use of these test kits offers multiple viruses that include canine and feline heartworm, rabies, canine distemper virus, feline leukaemia virus, and many more. The C band should always seem after a sample is applied, showing a valid result. The increasing number of animal injuries, enhancing animal healthcare expenditure, and the growing adoption of pets worldwide will further accelerate industry growth.
- The Companion Animals / Pet Care Industry constitutes the most important pillar of developing countries Animal Health Industry. This segment is fairly well established and allows much higher levels of accessibility, with pets being majorly in all cities and urban areas, compared to the other.
- The presence of notable industry players leading to the development of veterinary rapid tests is one of the critical factors that will drive the veterinary rapid tests industry growth.
- Limited animal diagnostics infrastructure in several countries
- The increasing rate of zoonotic disease incidence and prevalence has been on the rise for many years, most likely due to increased travelling, urbanization, demographic changes, the encroachment of land, agricultural practices, and human lifestyle is one of the significant factors of the growth
- Lack of animal healthcare awareness
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Zoetis, Inc. (United States), IDEXX Laboratories, Inc. (United States), Heska Corporation (United States), Biopanda Reagents Ltd. (United Kingdom), Fassisi GmbH (Germany), Virbac (France), BioNote, Inc. (South Korea), SWISSAVANS AG (Switzerland), MEGACOR Diagnostik GmbH (Austria) and Woodley Equipment Company (United Kingdom). Analyst at AMA Research see United States Players to retain maximum share of Global Veterinary Rapid Test market by 2026. Considering Market by Sample Type, the sub-segment i.e. Laboratory will boost the Veterinary Rapid Test market. Considering Market by Test Kits, the sub-segment i.e. Canine test kits will boost the Veterinary Rapid Test market. Considering Market by Animal Types, the sub-segment i.e. Companion(Dog, Horse) will boost the Veterinary Rapid Test market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Veterinary Rapid Test market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Veterinary Rapid Test market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Veterinary Rapid Test Manufacturer, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.