Asia Pacific Veterinary Point Of Care Diagnostics Market Size & Outlook
Asia Pacific veterinary point of care diagnostics market, 2018-2030 (US$M)
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Asia Pacific veterinary point of care diagnostics market highlights
- The Asia Pacific veterinary point of care diagnostics market generated a revenue of USD 184.9 million in 2022.
- The market is expected to grow at a CAGR of 14.1% from 2023 to 2030.
- In terms of segment, companion animals was the largest revenue generating animal type in 2022.
- Livestock Animals is the most lucrative animal type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 184.9 million |
| Market revenue in 2030 | USD 532.1 million |
| Growth rate | 14.1% (CAGR from 2022 to 2030) |
| Largest segment | Companion animals |
| Fastest growing segment | Livestock Animals |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Companion Animals, Livestock Animals |
| Key market players worldwide | Zoetis Inc Class A, IDEXX Laboratories Inc, Virbac SA, Veterinary Pharmaceutical Solutions, Thermo Fisher Scientific Inc, SoundCloud, Mindray Medical International, Esaote, FUJIFILM Holdings Corp, Woodley Equipment Company |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 10.6% of the global veterinary point of care diagnostics market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 532.1 million by 2030.
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Veterinary Point Of Care Diagnostics Market Scope
Veterinary Point Of Care Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific veterinary point of care diagnostics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to veterinary point of care diagnostics market will help companies and investors design strategic landscapes.
Companion animals was the largest segment with a revenue share of 56.19% in 2022. Horizon Databook has segmented the Asia Pacific veterinary point of care diagnostics market based on companion animals, livestock animals covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific’s market includes China, Japan, India, and Australia. The development of rapid, accurate, and sensitive diagnostic methods for detecting pathogens responsible for animal diseases; development of innovative products, software, & applications; and development & adoption of advanced technologies are expected to boost the market in this region.
The increasing demand for veterinary POC diagnosis is growing, owing to the reduced number of clinical visits, as well as the better accuracy & faster results offered by it. Some of the key market players that have contributed significantly to the revenue generation in the Asia Pacific market are FUJIFILM Corporation, SOUND, Heska Corporation, Thermo Fisher Scientific, Inc., Zoetis, IDEXX Laboratories, Inc., and others.
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Target buyers of Asia Pacific veterinary point of care diagnostics market databook
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Our clientele includes a mix of veterinary point of care diagnostics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific veterinary point of care diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific veterinary point of care diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific veterinary point of care diagnostics market size, by country, 2018-2030 (US$M)
Asia Pacific Veterinary Point Of Care Diagnostics Market Outlook Share, 2022 & 2030 (US$M)
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