Kuwait Veterinary Rapid Test Market Size & Outlook
Kuwait veterinary rapid test market, 2018-2030 (US$M)
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Kuwait veterinary rapid test market highlights
- The Kuwait veterinary rapid test market generated a revenue of USD 0.3 million in 2023 and is expected to reach USD 0.7 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 14.2% 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 0.3 million |
| Market revenue in 2030 | USD 0.7 million |
| Growth rate | 14.2% (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
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa veterinary rapid test market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 0.7 million by 2030.
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Veterinary Rapid Test Market Scope
Veterinary Rapid Test Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait 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 66.67% in 2023. Horizon Databook has segmented the Kuwait veterinary rapid test market based on test kits, readers covering the revenue growth of each sub-segment from 2018 to 2030.
The Kuwait market for veterinary diagnostic test kits is primarily being driven by the rising need for artificial insemination. One of the nation's top food sectors is the chicken sector.
In addition, rising public awareness of animal welfare and rising meat consumption are major factors driving market growth.
According to FAO figures, Kuwait may have had around 57,811,800 poultry birds in 2022. Furthermore, the nation's need for veterinary assistive reproductive technology is rising due to the active import and export of animals.
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Target buyers of Kuwait 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 Kuwait veterinary rapid test market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait veterinary rapid test market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Kuwait veterinary rapid test market size, by product, 2018-2030 (US$M)
Kuwait Veterinary Rapid Test Market Outlook Share, 2023 & 2030 (US$M)
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