Mexico Veterinary Rapid Test Market Size & Outlook
Mexico veterinary rapid test market, 2018-2030 (US$M)
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Mexico veterinary rapid test market highlights
- The Mexico veterinary rapid test market generated a revenue of USD 18.9 million in 2023 and is expected to reach USD 47.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 14.1% 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 18.9 million |
| Market revenue in 2030 | USD 47.5 million |
| Growth rate | 14.1% (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, Mexico accounted for 2.3% 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 Latin America, Brazil veterinary rapid test market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 18.4 million by 2030.
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Veterinary Rapid Test Market Scope
Veterinary Rapid Test Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 79.89% in 2023. Horizon Databook has segmented the Mexico veterinary rapid test market based on test kits, readers covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is one of the world's biodiverse countries and is the largest importer of beef, which it directly sells to consumers in the U.S.
According to the U.S. Department of Agriculture (USDA) current estimations, Mexico will be the tenth-largest beef exporter in the world by 2023.
Furthermore, as per the 2022 estimates, over 80% of Mexico's beef exports go to the U.S., which accounted for 18.9% of all the U.S. beef imports.
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Target buyers of Mexico 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 Mexico veterinary rapid test market , including forecasts for subscribers. This country databook contains high-level insights into Mexico veterinary rapid test market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico veterinary rapid test market size, by product, 2018-2030 (US$M)
Mexico Veterinary Rapid Test Market Outlook Share, 2023 & 2030 (US$M)
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