North America Veterinary Point Of Care Diagnostics Market Size & Outlook
North America veterinary point of care diagnostics market, 2018-2030 (US$M)
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North America veterinary point of care diagnostics market highlights
- The North America veterinary point of care diagnostics market generated a revenue of USD 930.8 million in 2022.
- The market is expected to grow at a CAGR of 10.8% 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, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 930.8 million |
| Market revenue in 2030 | USD 2,109.3 million |
| Growth rate | 10.8% (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, North America region accounted for 53.3% 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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North America 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 65.07% in 2022. Horizon Databook has segmented the North America veterinary point of care diagnostics market based on companion animals, livestock animals covering the revenue growth of each sub-segment from 2018 to 2030.
North America dominated the veterinary Point-of-care (PoC) diagnostic market in 2022, which is attributed to the local presence of major animal healthcare companies. Advancements in veterinary healthcare infrastructure in Canada and the U.S. are enabling real-time diagnosis, which is anticipated to further R&D activity and new product development.
Moreover, the increased number of veterinarians and veterinary clinics in the region is propelling market growth. For example, according to American Veterinary Medical Association (AVMA), there were around 121,461 veterinarians in the U.S. in 2021.
The market is highly competitive with the presence of many large- and small-scale players. Most companies focus on R&D efforts. mergers, acquisitions, collaborations, and partnerships to achieve a greater market share.
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Target buyers of North America 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 North America veterinary point of care diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into North America veterinary point of care diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America veterinary point of care diagnostics market size, by country, 2018-2030 (US$M)
North America Veterinary Point Of Care Diagnostics Market Outlook Share, 2022 & 2030 (US$M)
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