The global veterinary point of care market was valued at more than US$ 1.5 billion in 2021, and it is expected to develop at a healthy CAGR of 8.8% to 11.2% between 2022 and 2032, achieving a valuation of US$ 2.7 billion by 2032. The increased prevalence of animal diseases, as well as the increasing demand for early disease identification and treatment, are driving growth.
As per comprehensive research conducted by ESOMAR-certified consulting firm FMI, the global Veterinary Point of Care market is projected to witness robust growth during the forecast year 2022 to 2032. The report emphasizes on providing key insights into diverse features including demand, product developments, revenue generation, and sales in the Veterinary Point of Care market.
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Veterinary Point of Care Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Veterinary Point of Care market.
Key Veterinary Point of Care Market Takeaways and Projections
- The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
- Germany Veterinary Point of Care market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
- China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
- India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
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Report Benefits & Key Questions Answered
- Veterinary Point of Care Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Veterinary Point of Care market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
- Veterinary Point of Care Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Veterinary Point of Care market. As per the survey, Veterinary Point of Care sales will project steady growth over the forecast period.
- Veterinary Point of Care Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Veterinary Point of Care market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
- Veterinary Point of Care Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Veterinary Point of Care market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Veterinary Point of Care market.
Some of the prominent market players are profiled by FMI are:
- Diagon
- IDEXX Laboratories
- LifeAssays AB
- Abaxis
- Biogal, Galed Labs. Acs Ltd
- Bionote, Inc.
- Others
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Key Segments Profiled in the Veterinary Point of Care Industry Survey
By Product Type:
- Diagnostic Kits
- Analyzers
- Others
By Application:
- Infectious Diseases
- Hematology
- Others
By Sample Type:
- Blood
- Urine
- Others
By Animal Type:
- Dogs
- Bovine
- Swine
- Cats
- Equine
- Others
By End Users:
- Veterinary Hospitals
- Academic and Research Institutes
- Veterinary Clinics
Region
- North America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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