Veterinary Diagnostics Market Opportunity, Competitive Scenario | 2027

Cats and dogs are popular pets in many households and, as a result, are observing a significant rise in their adoption in recent times. Thus, their health is a top priority for their owners and who ensure the availability of veterinary POC care to them. But like human beings, they are also prone to infections and other types of diseases and often are detected as carriers of certain ailments. Zoonosis is the term that defines the transmission of a disease from animals to humans. However, vectors, such as; mosquitoes, flies, and ticks, are also responsible for this.  For instance, dogs and cats are highly susceptible to tuberculosis induced by a human infected with Mycobacterium tuberculosis. Also, pet owners tested positive for influenza A and methicillin-resistant Staphylococcus aureus are also detrimental to their pets' overall wellbeing.

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The COVID 19 outbreak has increased the need for Veterinary Diagnostics Market for pets. Thus, owners are highly focused and investing in their companion animals' wellness and health, which will only increase in the coming time. SARS-CoV-2 is reported to cause sepsis in humans. Although there is no report of animals getting infected with the pandemic virus, sepsis in humans can injure pets. Routine testing of companion animals and undertaking virtual clinical visits by pet owners to prevent and control diseases' spread are observed to surge significantly. Early, reliable, accurate, and real-time diagnosis of pets is crucial to their wellness. Thus, the adoption of veterinary POC diagnostics is high. Market Research Future (MRFR) assessed the global veterinary POC diagnostics market 2021 for the analysis period till 2027. According to MRFR data, the veterinary POC diagnostics market is expected to expand at 8.9% CAGR in the analysis period (from 2020 to 2027). By 2027, the veterinary POC diagnostics market value is expected to touch USD 2,894 Million.

POC Devices Actively Replacing Traditional Diagnostics in Vet Practices

In traditional diagnostic systems, samples are collected from clinics and sent to the central laboratory for evaluation. Subsequently, the results are communicated to veterinarians. The process is time-consuming and delays the treatment. Early diagnosis is pivotal in making critical clinical decisions, impacting the adoption of Point-Of-Care (POC) devices. POC devices are reputed to offer real-time, accurate, and reliable results. The growing preference for veterinary POC diagnostics can prompt the market upsurge in the upcoming years.

The application of POC testing devices in veterinary practice is not new. The POC technology evolved from diagnosing a simple pathogen while performing PCR-based techniques. Dipstick and strip test, lateral flow immunoassay, hand-handled analyzer, and the bench-top analyzer are top-notch POC solutions available presently. Advancements in POC devices are likely to level up veterinary practices.  For example, lateral flow technology, such as; conjugation methods, aid in increasing the sensitivity of POC devices that deliver results with high accuracy. The lateral flow immunoassay test is used to diagnose Lyme disease, heartworm, Ehrlichia, canine parvovirus, Anaplasma, Giardia, and feline leukemia immunodeficiency virus. It visually detects results in 10-15 minutes. Such technology offers benefits of cost-efficiency due to its multiplexing capabilities, curbing cost and time of diagnosis. The rise in awareness about its advantage can boost the veterinary POC diagnosis market on a global scale.

Kits that operate on rapid immunochromatographic techniques are widely accepted not only due to their efficacy but cost-effectiveness, ease-to-use, and the ability to offer reproducible results. These causes are identified as potential growth inducers of the worldwide veterinary POC diagnostics market.

Early-stage portable testing devices are used for measuring blood cell differentials count in animals. The automated cell counter that is used for humans is altered for animal use. The integration of technological developments has resulted in advanced small bench-top versions of POC testing devices observed to gain decent commercial traction. The wide utility of bench-top POC devices to diagnose animal disorders and the surge in their installation in large and small veterinary clinics for instant diagnosis are expected to support the expansion of the veterinary POC diagnostics market.

Portable testing devices can assess the degree of infection accurately by determining abnormalities in the white blood cell counts. Electrolyte detection and blood gases technologies are used in veterinary applications. Apart from vet clinics, these analyzers are also deployed at equine competitions to assess the electrolyte balance. The maintenance of electrolyte balance is challenging when animals are exposed to spirited competition, which can favor the veterinary POC diagnostics market.

POC Molecular Diagnosis to Promote Antimicrobial Stewardship Programs

The increase in the utility of POC molecular testing aid in the improved implementation of antimicrobial stewardship programs. This encourages the judicious application of antimicrobials to curb antimicrobial resistance rates. The need to focus on antimicrobial resistance to measure its impact on human health has always been high, which is now gaining increasing focus from veterinarians to approach veterinary medicine in a better way. to curb the development of antimicrobial-resistant bacteria. Some of the top-notch companies dealing in vet solutions are studying antimicrobial resistance in veterinary patients to gain an in-depth understanding of medicines that can cure animals. This information plays an active role in stewardship programs of antimicrobials that are used in animals. The integration of veterinary POC diagnosis in such studies accelerates research, which, in turn, can impact the market.

Conclusion

Pets deserve all-rounder care due to the bliss they bring in their owners' lives. The inclination of people with pet companions towards effective treatment creates the need for POC devices as they aid in early diagnosis and eliminate delay in delivering the correct therapy. The rapid development of improved POC devices and the surge in their vet clinics' adoption can prompt the veterinary POC diagnosis market to rise. The availability of modern vet POC solutions that support microbial stewardship can improve the global veterinary POC diagnostics market's impetus in the foreseeable future.

Table of Contents

1. EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Veterinary POC Diagnostic Market, by Product

1.1.2. Global Veterinary POC Diagnostic Market, by Technology

1.1.3. Global Veterinary POC Diagnostic Market, by Application

1.1.4. Global Veterinary POC Diagnostic Market, by Animal Type

1.1.5. Global Veterinary POC Diagnostic Market, by End User

1.1.6. Global Veterinary POC Diagnostic Market, by Region

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope of the Study

2.3. Market Structure

3. RESEARCH METHODOLOGY

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. MARKET DYNAMICS

4.1. Introduction

4.2. Drivers

4.2.1. Growth in the companion animal population

4.2.2. Increasing prevalence of zoonotic diseases

4.2.3. XXXX

4.3. Restraints

4.3.1. Restraint 1

4.3.2. Restraint 2

4.4. Opportunities

4.4.1. Opportunity 1

5. MARKET FACTOR ANALYSIS

5.1. Value Chain Analysis/Supply Chain Analysis

5.2. Porter’s Five Forces Model

5.2.1. Bargaining Power of Suppliers

5.2.2. Bargaining Power of Buyers

5.2.3. Threat of New Entrants

5.2.4. Threat of Substitutes

5.2.5. Intensity of Rivalry

5.3. Impact of COVID-19 on global Veterinary POC Diagnostic Market

5.3.1. Impact on Demand and Supply

5.3.2. Impact on Pricing

5.3.3. Impact by Geography

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