South Africa Veterinary Point Of Care Diagnostics Market Size & Outlook
South Africa veterinary point of care diagnostics market, 2018-2030 (US$M)
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South Africa veterinary point of care diagnostics market highlights
- The South Africa veterinary point of care diagnostics market generated a revenue of USD 7.4 million in 2022 and is expected to reach USD 18.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 11.9% 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 7.4 million |
| Market revenue in 2030 | USD 18.2 million |
| Growth rate | 11.9% (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, South Africa accounted for 0.4% 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 Middle East & Africa, Saudi Arabia veterinary point of care diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Israel is the fastest growing regional market in Middle East & Africa and is projected to reach USD 8.8 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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South Africa 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 60.81% in 2022. Horizon Databook has segmented the South Africa veterinary point of care diagnostics market based on companion animals, livestock animals covering the revenue growth of each sub-segment from 2018 to 2030.
The pandemic has raised awareness about zoonotic diseases and related complications, which is expected to increase the demand for point-of-care diagnostic tools that can accurately, quickly, and reliably detect a variety of diseases in animals.
The AVMA advises veterinarians to rule out frequent causes of clinical indications, such as coughing, breathing difficulty, nasal discharge, fever, lethargy, vomiting, and/or diarrhea, before testing the animal for SARS-CoV-2. Point-of-care testing devices allow quick & easy diagnosis and timely treatment. As a result, demand for point-of-care devices is expected to rise over time.
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Target buyers of South Africa 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 South Africa veterinary point of care diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa veterinary point of care diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa veterinary point of care diagnostics market size, by animal type, 2018-2030 (US$M)
South Africa Veterinary Point Of Care Diagnostics Market Outlook Share, 2022 & 2030 (US$M)
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