North America Veterinary Rapid Test Market Size & Outlook
North America veterinary rapid test market, 2018-2030 (US$M)
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North America veterinary rapid test market highlights
- The North America veterinary rapid test market generated a revenue of USD 300.4 million in 2023.
- The market is expected to grow at a CAGR of 11.2% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 300.4 million |
| Market revenue in 2030 | USD 631.5 million |
| Growth rate | 11.2% (CAGR from 2023 to 2030) |
| Largest segment | Test kits |
| Fastest growing segment | Test Kits |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 36.6% of the global veterinary rapid test market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 411.7 million by 2030.
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Veterinary Rapid Test Market Scope
Veterinary Rapid Test Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 80.26% in 2023. Horizon Databook has segmented the North America veterinary rapid test market based on test kits, readers covering the revenue growth of each sub-segment from 2018 to 2030.
The North America veterinary diagnostic test kits market held the largest share of 36.60% of the global market in 2023.
The growing use of diagnostic tests due to extensive pet insurance coverage in the U.S. is attributed to the region's market domination globally.
Regular medical exams for pets are insured by pet owners, who are encouraged to do so by insurance policies covering various diagnostic tests.
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Target buyers of North America 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 continent-level data and insights on the North America veterinary rapid test market , including forecasts for subscribers. This continent databook contains high-level insights into North America veterinary rapid test market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America veterinary rapid test market size, by country, 2018-2030 (US$M)
North America Veterinary Rapid Test Market Outlook Share, 2023 & 2030 (US$M)
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