Veterinary rapid diagnostic is medical diagnostic test that is quick and easy to perform. Veterinary rapid diagnostic test is more accurate than presumptive diagnosis and can be used at home. These test gives result in about 15 minutes so that the treatment can be given immediately without waiting for the microscopic results. There are various types of veterinary rapid diagnostic test available depending upon the type of antigens. Veterinary rapid diagnostic test provide rapid tests for pets and livestock of all size. Leading companies in the market are actively producing and manufacturing various diagnostic products to control and prevent animal diseases. 

VETERINARY RAPID TEST MARKET OUTLOOK

Veterinary rapid diagnostic test has potential application in the diagnosis and management of animal’s disease which increase the growth of the overall global veterinary rapid diagnostic market. The major growth factors of this market are rise in companion animal population, advantages of rapid tests over other testing methods coupled with the growing demand for animal-derived food products, new diseases in animals and transfer of these diseases from animals to human beings are propelling veterinary rapid test market globally. However, lack of awareness among the pet owners is likely to hamper the growth of the market.

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VETERINARY RAPID TEST MARKET SEGMENTAL OVERVIEW

The report analyses the veterinary rapid test market based on product, application, animal type and geography. 

VETERINARY RAPID TEST MARKET BY PRODUCT 

The products of the veterinary rapid test are rapid test kits and rapid test readers. Veterinary rapid diagnostic test is being used extensively by replacing old microscopy and clinical and presumptive diagnosis. These are cost effective and accurate rapid point of care diagnostic test. he large share of this segment can be attributed to the increasing demand for fast detection of diseases, growing prevalence of animal zoonotic diseases, and growing companion animal population worldwide.

VETERINARY RAPID TEST MARKET BY ANIMAL TYPE 

Veterinary Rapid Test are used in diagnosis of various animals including Livestock and Companion Animals. Companion animals considered under scope of this report are dogs, cats, horse’s companion animals such as rabbits, birds, and reptiles. He livestock animals considered are cattle, swine, poultry, and other livestock animals such as sheep, goats, and fish. There is growing demand of the veterinary rapid test for the diagnosis of diseases in dogs. This trend is attributed to the growing adaption of dogs coupled with the growing pet health expenditure. In China 2012, nearly one million dogs were recorded in Beijing alone and several more numbers were added to it by other regions of the country. According to Beijing Small Animal Veterinary Association there are 300 pet hospitals serving to more than 1 million various types of pet (largely dogs and cats). On country level there are 27 million dogs and 11 million cats in China.

VETERINARY RAPID TEST MARKET BY APPLICATION

The veterinary rapid test market finds application in diagnosis of Viral, Bacterial, Parasitic diseases and Allergies. The parasitic diseases segment is anticipated to grow at the lucrative CAGR during the forecast period owing to the increasing prevalence of parasitic diseases and rising demand for quality parasitology testing services.

VETERINARY RAPID TEST MARKET BY GEOGRAPHY 

The global study of veterinary rapid test studied across the countries of key regions of North America, Europe, APAC and rest of the world regions which includes Latin America, and Middle East Africa. Countries considered in North America region include USA, Canada, and Mexico. Whereas, Europe covers Germany, Italy, Spain, France, UK and Rest of Europe (RoE). Major countries covered of Asia Pacific include Japan, India, China and Rest of the Asia Pacific

North America is expected to account for the largest share of the Veterinary Rapid Tests Market in 2019, followed by Europe. The large share of North America can be attributed to the increasing companion animal population, growing awareness about animal diseases, increasing number of veterinary practitioners, and rising animal healthcare expenditure. In addition, the rise in the prevalence of zoonotic diseases and the need for the rapid detection of these diseases is further expected to propel the market in the coming years. Asia pacific is anticipated to grow in the forecast period in the veterinary rapid diagnostic test market. The growth of the market in this region is attributed to the increase in the awareness among populace, increasing disposable income and technological development of sensitive veterinary rapid diagnostic kits

VETERINARY RAPID TEST MARKET KEY PLAYERS 

Some of the major players operating in this market includes Zoetis, Inc. (US), IDEXX Laboratories, Inc. (US), Biopanda Reagents Ltd. (UK), Heska Corporation (US), Fassisi GmbH (Germany), Virbac (France), BioNote, Inc. (South Korea), SWISSAVANS AG (Switzerland), MEGACOR Diagnostik GmbH (Austria), and Woodley Equipment Company (UK) among others. 

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