U.S. Veterinary Point Of Care Diagnostics Market Size & Outlook
U.S. veterinary point of care diagnostics market, 2018-2030 (US$M)
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U.S. veterinary point of care diagnostics market highlights
- The U.S. veterinary point of care diagnostics market generated a revenue of USD 844.4 million in 2022 and is expected to reach USD 1,889.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 10.6% 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 844.4 million |
| Market revenue in 2030 | USD 1,889.3 million |
| Growth rate | 10.6% (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, U.S. accounted for 48.4% 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 North America, U.S. veterinary point of care diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 220.0 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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U.S. 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 66.54% in 2022. Horizon Databook has segmented the U.S. veterinary point of care diagnostics market based on companion animals, livestock animals covering the revenue growth of each sub-segment from 2018 to 2030.
Rising awareness about animal hygiene & health, coupled with an increasing number of pet owners, is likely to accelerate the market in the U.S. Humanization of pets can also drive market growth across the country.
Hence, increasing pet ownership, along with rising R&D activities in animal health are likely to fuel market growth. Government organizations, such as the Food and Agriculture Organization of the UN, are actively supporting training programs to create awareness among field practitioners.
According to an APPA report, overall spending in the U.S. pet industry was estimated at USD 123.6 billion in 2021. Veterinary care spending has also increased by 560% between 1994 and 2020, further strengthening market growth.
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Target buyers of U.S. 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 U.S. veterinary point of care diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into U.S. veterinary point of care diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. veterinary point of care diagnostics market size, by animal type, 2018-2030 (US$M)
U.S. Veterinary Point Of Care Diagnostics Market Outlook Share, 2022 & 2030 (US$M)
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