Veterinary Rapid Test Market To Reach $1.85 Billion By 2030

Veterinary Rapid Test Market Growth & Trends

The global veterinary rapid test market size is anticipated to reach USD 1.85 billion by 2030, and it is projected to grow at a CAGR of 12.33% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is primarily driven by the increasing animal population and ownership rates, elevated spending on animals, a heightened emphasis on preventive healthcare for animals, advancements in veterinary rapid test kits, and rising adoption of pet insurance. Pets are commonly found in homes everywhere, including in the UK. According to the article published by Pet Keen in 2024 stated that the pet population in the UK in 2021 was estimated to be 12.5 million dogs & 12.2 million cats. As more households adopt companions into their homes, there's an increased demand for efficient and accessible healthcare solutions. This surge in pet ownership drives the need for rapid test kits in veterinary practices, as pet owners increasingly seek convenient and timely diagnostic tools to ensure the health and well-being of their pets.

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. Furthermore, Escherichia coli (48.4%) was the most common pathogen recovered, followed by Coagulase-positive Staphylococci (CoPS; 11.5%) and Enterococcus spp. (11.9%).

In addition, the expansion of product launches by key players is propelling growth in the veterinary rapid test kit market. These new products address emerging needs in veterinary medicine. For instance, in October 2023, Zoetis launched the Basepaws Breed + Health Dog DNA Test.This innovative test enables pet owners to shift from a reactive to a proactive approach in pet care, thanks to its simple swabbing process and results tailored for mobile devices. This product marks a significant leap forward in empowering pet owners to take a more proactive role in their dogs' health through accessible and user-friendly genetic testing.

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Veterinary Rapid Test Market Report Highlights

• Based on product, the test kits segment led the market with a largest revenue share of 80% in 2023 and is expected to grow at the fastest CAGR of 12.53% during forecast period due to an increase in technological advancements in veterinary diagnostic tests

• Based on animal type, the companion animals segment held the market with largest revenue share in 2023 and is projected to grow at fastest CAGR during the forecast period, owing to a surge in pet population and high pet spending

• In terms of technology, the immunoassays segment led the market with largest revenue share in 2023. The PCR technology segment is projected to grow at the fastest CAGR during forecast period. The Immunoassay-based rapid test kits are available for the detection of various veterinary pathogens and conditions, such as infectious diseases in companion animals (e.g., canine parvovirus & feline leukaemia virus) and livestock (e.g., bovine viral diarrhea virus & avian influenza virus)

• Based on testing category, the virology segment held the market with the largest revenue share in 2023, due to growing government’s initiatives to implement preventive healthcare programs to reduce the spread of viral diseases among animals. On other hand, the parasitology segment is estimated to grow at fastest CAGR during forecast period, due to increasing prevalence of parasitic infections in companion & production animals and the availability of various test kits

• Based on end-use, the veterinary hospitals & clinics segment held the market with the largest revenue share in 2023, owing to the increasing demand for diagnostics and readily accessible advanced diagnostic technologies in hospitals. The home setting segment is estimated to grow at fastest CAGR in the forecast period

• North America dominated the market with the revenue share of 36% in 2023. Conversely, Asia Pacific region is anticipated to grow fastest CAGR of 14.40% in forecast period

• Advances in rapid diagnostic technology led to development of more accurate, user-friendly, and cost-effective veterinary rapid test kits. Such advancements are expected to drive market growth

Veterinary Rapid Test Market Segmentation

Grand View Research has segmented the global veterinary rapid test market based on product, animal type, technology, testing category, end-use, and region:

Veterinary Rapid Test Product Outlook (Revenue, USD Million, 2018 - 2030)

• Test Kits

• Readers

Veterinary Rapid Test Animal Type Outlook (Revenue, USD Million, 2018 - 2030)

• Companion Animal

  • Dogs

  • Cats

  • Horses

  • Other Companion Animals

• Production Animal

  • Cattle

  • Poultry

  • Swine

  • Other Production Animals

Veterinary Rapid Test Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Immunoassays

• PCR

Veterinary Rapid Test Testing Category Outlook (Revenue, USD Million, 2018 - 2030)

• Virology

• Parasitology

• Bacteriology

• Clinical Chemistry

• Other Categories

Veterinary Rapid Test End-Use Outlook (Revenue, USD Million, 2018 – 2030)

• Veterinary Hospitals & Clinics

• Homecare Settings

• Other End Use

Veterinary Rapid Test Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

  • Sweden

  • Denmark

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in Veterinary Rapid Test Market

• Zoetis

• IDEXX Laboratories, Inc.

• Virbac

• Heska Corporation (Mars Inc.)

• Thermo Fisher Scientific

• Neogen Corporation 

• Prometheus Bio Inc.

• Fassisi GmbH

• Biopanda Reagents Ltd

• Boster Biological Technology.