Veterinary Pregnancy Test Kit Market landscape, analysing key segments like test types (blood, milk, etc.) and animal species (cattle, sheep, etc.). It delves into market drivers (rising pet ownership, focus on breeding efficiency) and challenges. The report also identifies key players and future growth opportunities
NEWARK, DE / ACCESSWIRE / July 25, 2024 / According to Future Market Insights (FMI), the worldwide Veterinary Pregnancy Test Kit Market is projected to reach USD 48.9 million in 2024 and USD 77 million by 2034. The market is anticipated to rise at a CAGR of 4.7% by 2034.
Rising pet ownership trends and growing awareness of animal health have led to a demand for reliable reproductive health management tools, particularly for early pregnancy detection in pet animals. The growing emphasis on preventive veterinary care is fueling the adoption of animal pregnancy kits, contributing to their market growth.
Animal pregnancy kits are becoming more accessible, dependable, and user-friendly due to developments in diagnostic technologies. Furthermore, technological advancements are projected to lead to more accurate diagnostic methods, enhancing user-friendliness and quicker results.
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The global emphasis on animal health and increasing veterinary expenditure have led to the widespread adoption of animal testing pregnancy kits worldwide. These kits enable early detection and management of reproductive issues, promoting comprehensive healthcare for pet companions. This proactive approach aligns with a broader commitment to enhancing pet well-being, fueling market growth.
Key Takeaways from the Veterinary Pregnancy Test Kit Market Report:
The veterinary pregnancy test kit market is estimated to reach a valuation of USD 77 Million by 2034.
The market is projected to surge at a CAGR of 4.7% by 2034.
Japan's veterinary pregnancy test kit market is set to grow at a CAGR of 5.1% by 2034.
China is projected to reach a valuation of USD 12 million in 2034.
Based on end-use, the on-farm segment is set to surge at 4.4% CAGR by 2034.
"Advancements in diagnostic technologies have led to the rapid and accurate adoption of pregnancy test kit cassettes, which are gaining traction for reproductive health management in animals and livestock. Their high accuracy rates across various breeds contribute to the market's growth and evolution." - Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)
Veterinary Pregnancy Test Kit Market Competitive Landscape
Zoetis Services LLC, IDEXX Laboratories, Inc., Ring Biotechnology Co Ltd., Hangzhou Testsea Biotechnology Co Ltd., and Novis Animal Solutions are key veterinary pregnancy test kit manufacturers listed in the report.
Key companies in the animal pregnancy kit market are enhancing their brand recognition by expanding their product portfolios to cater to a wider range of species and testing needs. Leading service providers are constantly upgrading their technologies to ensure efficiency, integrity, and safety. They focus on partnerships, product upgrades, and collaboration to gain a competitive edge.
For instance,
In September 2023, Nanaji Deshmukh Veterinary University announced plans to create a pregnancy test kit for wildlife.
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Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global veterinary pregnancy test kit market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.
The study incorporates compelling insights on the veterinary pregnancy test kit market based on product (pregnancy test kits cassettes, pregnancy test kit strips, ELISA test kits), animal type (companion animal, livestock animal), sample type (urine, whole blood, plasma, serum), distribution channel (veterinary hospitals and clinics, retail stores, e-commerce), end-use (on farm, laboratory, home setting), and region.
Key Players in the Veterinary Pregnancy Test Kit Industry
Zoetis Services LLC
IDEXX Laboratories, Inc.
Ring Biotechnology Co Ltd.
Hangzhou Testsea Biotechnology Co. LTD.
Novis Animal Solutions
Secure Diagnostics Pvt. Ltd.
J&G Biotech Ltd
EMLAB GENETICS LLC.
MEGACOR Diagnostik GmbH
BIOTRACKING, INC.
Segmentation of Veterinary Pregnancy Test Kit Market
By Product:
Pregnancy Test Kits Cassettes
Pregnancy Test Kits Strips
ELISA Test Kits
By Animal Type:
-
Companion Animal
Canine
Feline
Equine
Others
-
Livestock Animal
Bovine
Swine
Caprine/Ovine
Others
By Sample Type:
Urine
Whole Blood
Plasma
Serum
Others
By Distribution Channel:
Veterinary Hospitals and Clinics
Retail Stores
E-commerce
By End-use:
On Farm
Laboratory
Home Setting
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Author by
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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