South Korea Veterinary Point Of Care Diagnostics Market Size & Outlook
South Korea veterinary point of care diagnostics market, 2018-2030 (US$M)
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South Korea veterinary point of care diagnostics market highlights
- The South Korea veterinary point of care diagnostics market generated a revenue of USD 11.3 million in 2022 and is expected to reach USD 33.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 14.4% 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 11.3 million |
| Market revenue in 2030 | USD 33.2 million |
| Growth rate | 14.4% (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 Korea accounted for 0.6% 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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South Korea 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 56.64% in 2022. Horizon Databook has segmented the South Korea veterinary point of care diagnostics market based on companion animals, livestock animals covering the revenue growth of each sub-segment from 2018 to 2030.
Advancements in technologies to improve animal care and medical care along with growing adoption of pets and demand for effective solutions to maintain their health accelerates the market growth. Accordingly, the market is illustrated to observe a notable growth since veterinary point of care diagnostic tools helps in diagnosing and detecting any diseases or general ailment occurring in animals.
Furthermore, with the increasing number of veterinarians and rising income among people in developed counties will be commending for the market. Also, the increasing zoonotic disease of animals and pet population in South Korea drives the market. For example, in year 2020, roughly 6.02 million pet dogs were estimated in South Korea as compared to year 2019 with 5.98 million dog.
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Target buyers of South Korea 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 Korea veterinary point of care diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into South Korea veterinary point of care diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea veterinary point of care diagnostics market size, by animal type, 2018-2030 (US$M)
South Korea Veterinary Point Of Care Diagnostics Market Outlook Share, 2022 & 2030 (US$M)
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