Europe Veterinary Point Of Care Diagnostics Market Size & Outlook
Europe veterinary point of care diagnostics market, 2018-2030 (US$M)
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Europe veterinary point of care diagnostics market highlights
- The Europe veterinary point of care diagnostics market generated a revenue of USD 519.5 million in 2022.
- The market is expected to grow at a CAGR of 11% 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, France is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 519.5 million |
| Market revenue in 2030 | USD 1,201.0 million |
| Growth rate | 11% (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, Europe region accounted for 29.8% 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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Europe 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 56.32% in 2022. Horizon Databook has segmented the Europe veterinary point of care diagnostics market based on companion animals, livestock animals covering the revenue growth of each sub-segment from 2018 to 2030.
Europe accounted for the second-largest market share in 2022. Rapid adoption of advanced technologies in blood gas analyzers, growing ownership of companion animals, and increasing expenditures on animal welfare growing awareness about animal health are some of the major drivers of the regional market.
Europe’s market includes the UK, Germany, France, Italy, and Spain. Veterinary blood gas analyzers are used to measure electrolytes, pH levels, blood gases, and metabolites parameters in blood specimens. These devices provide convenient testing and rapid diagnosis. Respiratory disorders are some of the common issues among hospitalized animals.
The European Medicines Agency (EMA) and its regulatory network partners have identified an action plan to improve the availability of animal medicines and diagnostics tools & kits in Europe. Some action plans are being executed in the interest of animal & public health and animal welfare.
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Target buyers of Europe 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 Europe veterinary point of care diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe veterinary point of care diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe veterinary point of care diagnostics market size, by country, 2018-2030 (US$M)
Europe Veterinary Point Of Care Diagnostics Market Outlook Share, 2022 & 2030 (US$M)
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