2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What External and Internal Drivers Are Contributing to the Growth of theVeterinary Rapid Test Market?

The rising pet ownership is expected to drive the growth of the veterinary rapid test market. As pet ownership increases, so does the need for timely and accurate diagnostic tools. Veterinary rapid tests offer pet owners essential health information to manage their pets’ care. The American Pet Products Association reported that 70% of U.S. households owned a pet in 2023, up from 67% in 2022. Therefore, the increase in pet ownership is driving the veterinary rapid test market.

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#What is the Growth Potential of the Veterinary Rapid Test Market, and How Will It Perform by 2034?

The veterinary rapid test market size has expanded rapidly in recent years. It will grow from $0.8 billion in 2024 to $0.89 billion in 2025, at a compound annual growth rate (CAGR) of 11.8%. The historic growth can be attributed to the rise in veterinary rapid tests, increased demand for rapid diagnostic tests over traditional methods, adoption of pet insurance, the growing demand for animal-based protein, and an increase in veterinarians and veterinary visits.

The veterinary rapid test market is expected to expand rapidly, reaching $1.38 billion in 2029, at a CAGR of 11.5%. This growth is due to rising pet ownership, consumer awareness about animal nutrition, industrialized livestock production, more diagnostic testing for livestock diseases, and the increasing prevalence of zoonotic diseases. Key trends include product innovation, advancements in biotechnology, demand for quick diagnostics, innovative veterinary diagnostics, and technological advancements in diagnostic technologies.

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Which Upcoming Market Trends and Innovations Are Set to Influence theVeterinary Rapid Test Market’s Path Forward?

Companies in the veterinary rapid test market are developing AI-based rapid tests to enhance diagnostic accuracy. For example, in November 2023, Micron Agritech launched the Micron Kit Fluke Test, an AI-powered rapid test that detects liver fluke and rumen fluke infections in livestock, enabling on-site testing with smartphones.

Who Are the Dominant Market Players Pushing the Boundaries of theVeterinary Rapid Test Market?

Major companies operating in the veterinary rapid test market are Thermo Fisher Scientific Inc., Zoetis Inc., bioMérieux SA, IDEXX Laboratories Inc., Sysmex Corporation, Bio-Rad Laboratories Inc., QIAGEN GmbH, Virbac Corp., Neogen Corporation, Antech Diagnostics Inc., Heska Corporation, Ring Biotechnology Co Ltd., Woodley Equipment Company Ltd., Prometheus Biosciences Inc., BioChek, Bionote Usa Inc., Agrolabo S.p.A., Shenzhen Bioeasy Biotechnology Co. Ltd., Fassisi GmbH, MEGACOR Diagnostik GmbH, Biopanda Reagents Ltd., Boster Biological Technology Co. Ltd., Swissavans AG, Secure Diagnostics Pvt. Ltd., Eurolyser Diagnostica GmbH

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What Are the Core Segments of the Veterinary Rapid Test Market, and How Do They Contribute to Growth?

The veterinary rapid test market covered in this report is segmented –

1) By Product: Rapid Test Kits, Rapid Test Readers

2) By Animal Type : Companion Animal, Production Animal

3) By Technology: Immunoassays, Polymerase Chain Reaction(PCR)

4) By Application: Viral Diseases, Bacterial Diseases, Parasitic Diseases, Allergies, Other Applications

5) By End-User: Veterinary Hospitals And Clinics, Homecare Settings, Other End Users

Subsegments:

1) By Rapid Test Kits: Immunoassay-based Kits, Lateral Flow Assays, Enzyme-linked Immunosorbent Assay (ELISA) Kits, Molecular Diagnostic Kits

2) By Rapid Test Readers: Portable Readers, Bench-Top Readers

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What Regions Are Dominating the Veterinary Rapid Test Market Growth?

North America was the largest region in the veterinary rapid test market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary rapid test market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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