Germany Veterinary Rapid Test Market Size & Outlook
Germany veterinary rapid test market, 2018-2030 (US$M)
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Germany veterinary rapid test market highlights
- The Germany veterinary rapid test market generated a revenue of USD 59.3 million in 2023 and is expected to reach USD 121.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
- In terms of segment, test kits was the largest revenue generating product in 2023.
- Test Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary rapid test market data book summary
| Market revenue in 2023 | USD 59.3 million |
| Market revenue in 2030 | USD 121.8 million |
| Growth rate | 10.8% (CAGR from 2023 to 2030) |
| Largest segment | Test kits |
| Fastest growing segment | Test Kits |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Test Kits, Readers |
| Key market players worldwide | Zoetis Inc Class A, IDEXX Laboratories Inc, Virbac SA, Mars Group Holdings Corp, Thermo Fisher Scientific Inc, Neogen Corp, Merck & Co Inc, Bosterbio |
Other key industry trends
- In terms of revenue, Germany accounted for 7.2% of the global veterinary rapid test market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK veterinary rapid test market is projected to lead the regional market in terms of revenue in 2030.
- Sweden is the fastest growing regional market in Europe and is projected to reach USD 29.0 million by 2030.
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Veterinary Rapid Test Market Scope
Veterinary Rapid Test Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany veterinary rapid test 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 rapid test market will help companies and investors design strategic landscapes.
Test kits was the largest segment with a revenue share of 80.44% in 2023. Horizon Databook has segmented the Germany veterinary rapid test market based on test kits, readers covering the revenue growth of each sub-segment from 2018 to 2030.
The market for these diagnostic kits will see a steady positive outlook due to the high prevalence of Urinary Tract Infections (UTIs) among companion animals in the country.
One of the most common diagnoses in companion animal illnesses is bacterial UTI, which is the main cause of antibiotic prescriptions.
According to data on the prevalence of uropathogens in cats and dogs from Germany published in the Antibiotics Journal in 2022, uropathogenic growth was found in 38.5% of cat samples and 43.9% of dog samples.
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Target buyers of Germany veterinary rapid test market databook
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Our clientele includes a mix of veterinary rapid test 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 Germany veterinary rapid test market , including forecasts for subscribers. This country databook contains high-level insights into Germany veterinary rapid test market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany veterinary rapid test market size, by product, 2018-2030 (US$M)
Germany Veterinary Rapid Test Market Outlook Share, 2023 & 2030 (US$M)
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