Expanding opportunities in the global veterinary point-of-care diagnostics market

Technological advancements have led to the development of more complex and user-friendly diagnostic tests, enabling early illness identification and treatment. Companies like Animalytix LLC and Zoetis are enhancing veterinary diagnostics capabilities through acquisitions and data analytics solutions.

North America is anticipated to dominate the market, fueled by robust adoption of advanced technologies and high pet ownership rates. Meanwhile, the Asia Pacific region is expected to witness the fastest growth, driven by expanding pet populations and rising disposable incomes.

Consumables, including disposable testing kits and reagents, accounted for the highest revenue in 2023, while instruments and devices are projected to grow rapidly due to increasing adoption of portable diagnostic devices.

Companion animals segment led the market in 2023, driven by growing pet ownership and demand for rapid diagnostic solutions. Livestock animals segment is poised for rapid growth, fueled by increasing focus on animal health monitoring and disease management.

Blood/plasma/serum diagnostics dominated in 2023, reflecting the essential role of blood-based parameters in veterinary healthcare. However, the "others" segment is expected to grow rapidly, driven by novel diagnostic technologies and specialized tests.

Veterinary hospitals and clinics accounted for the highest revenue in 2023, while home care settings are projected to grow rapidly, driven by pet owners seeking convenient diagnostic solutions and remote monitoring options.