South Korea Veterinary Rapid Test Market Size & Outlook
South Korea veterinary rapid test market, 2018-2030 (US$M)
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South Korea veterinary rapid test market highlights
- The South Korea veterinary rapid test market generated a revenue of USD 9.4 million in 2023 and is expected to reach USD 24.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 14.9% 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 9.4 million |
| Market revenue in 2030 | USD 24.9 million |
| Growth rate | 14.9% (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, South Korea accounted for 1.1% 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 Asia Pacific, China veterinary rapid test market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 68.5 million by 2030.
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Veterinary Rapid Test Market Scope
Veterinary Rapid Test Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 79.79% in 2023. Horizon Databook has segmented the South Korea veterinary rapid test market based on test kits, readers covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korea veterinary diagnostic test kits market is likely to be driven by the rise in need for veterinary diagnostic test kits broiler farms due to increase in viral diseases.
A 2022 published study in the National Library of Medicine explored the dynamic of infectious bursal disease virus infection in broiler farms in South Korea.
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Target buyers of South Korea 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 South Korea veterinary rapid test market , including forecasts for subscribers. This country databook contains high-level insights into South Korea veterinary rapid test market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea veterinary rapid test market size, by product, 2018-2030 (US$M)
South Korea Veterinary Rapid Test Market Outlook Share, 2023 & 2030 (US$M)
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