Australia Veterinary Point Of Care Diagnostics Market Size & Outlook
Australia veterinary point of care diagnostics market, 2018-2030 (US$M)
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Australia veterinary point of care diagnostics market highlights
- The Australia veterinary point of care diagnostics market generated a revenue of USD 48.9 million in 2022 and is expected to reach USD 136.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 13.7% 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.
Veterinary point of care diagnostics market data book summary
| Market revenue in 2022 | USD 48.9 million |
| Market revenue in 2030 | USD 136.2 million |
| Growth rate | 13.7% (CAGR from 2022 to 2030) |
| Largest segment | Companion animals |
| Fastest growing segment | Livestock Animals |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Australia accounted for 2.8% of the global veterinary point of care diagnostics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Australia veterinary point of care diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 71.6 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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Australia 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 53.17% in 2022. Horizon Databook has segmented the Australia veterinary point of care diagnostics market based on companion animals, livestock animals covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Australasian Veterinary Boards Council, there were over 13,000 veterinary professionals in Australia as of 2022. Veterinarians are adopting simple kits, including SNAP tests, for infectious diseases such as tests for antibodies against parvovirus, serum progesterone test kits, heartworm antigen tests, FIV, FeLV, and tickborne pathogens, owing to their ease of use & rapidity of results.
This is anticipated to drive the market during the forecast period. Furthermore, growing prevalence of acute & chronic diseases in animals, pet humanization product advancements, and the longer lifespan of pets are likely to fuel market growth over the forecast period.
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Target buyers of Australia 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 country-level data and insights on the Australia veterinary point of care diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Australia veterinary point of care diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia veterinary point of care diagnostics market size, by animal type, 2018-2030 (US$M)
Australia Veterinary Point Of Care Diagnostics Market Outlook Share, 2022 & 2030 (US$M)
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