Veterinary Point of Care (PoC) Diagnostics Market Trends, Size, Forecast - 2019-2025


Posted June 4, 2020 by pooja1919

The market for vaterinary PoC diagnostics further projected to grow with rising number of companion animals.

 
The market for vaterinary PoC diagnostics further projected to grow with rising number of companion animals. The companion animals encourages the demand of personal healthcare and proper diagnosis of the diseases therefore pushes the market growth. A pet or a companion animal is one with no special training for assisting an individual or for the company, amusement, psychological support and so on. The most popular pets in North America and Europe are dogs and cats. Other animals that are kept as a pet are the tortoise, rabbit, birds, fish and so on. As per Pet Food Manufacturer Association, there were more than 51 million pets in UK in 2018 and about 40% household had at least 1 pet in UK. There were about 9 million dogs and 7.5 million cats in UK in 2019. The high adoption of pets in the country will lead the PoC diagnostics market in the country.

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The trend to adopt the companion animals is increasing across the globe especially in developed and emerging economies. According to the US National shelter, the adoption rate of cats and dogs has steadily increased in the recent years. The total number of pets in the US in 2017-2018 was 184 million as compared to 144 million in 2012. In 2016 about 6.5 million animals registered in animal shelters with a decrease from 7.2 million in 2011 which reflects the increasing adoption rate in the nation. An estimated 3.2 million shelter animals were adopted in 2016 which was 2.7 million higher from adoptions in 2011, it shows a growth rate of 18.5% in national adoptions.

Significant rise in zoonotic diseases spur the veterinary PoC diagnostics market

The increasing prevalence of zoonotic diseases further contribute in the growth of the veterinary PoC diagnostics market. Zoonotic diseases are the infectious diseases transmitted from animals to humans and human to animals that are caused by pathogenic agents including parasites, fungi, bacteria, and viruses. These diseases have been recognized for centuries; however, its impact on public health is on rising due to the emergence of novel zoonotic diseases. Zoonotic diseases have always been featured among the broad range of human diseases such as yellow fever, plague, tuberculosis. These diseases have mostly come from poultry, domestic animals, and livestock. However, these infections are increasingly emerging from wildlife species due to environmental changes.

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Many zoonoses such as avian influenza and rabies from wildlife are are increased, whereas as some such as Ebola have been emerged recently or being linked to wildlife reservoir species. Ebola was linked to cave-dwelling bats in Africa. Another instance of such disease is severe acute respiratory syndrome (SARS) coronavirus that has emerged from bats to civets before ultimately affecting humans in southern China. Therefore the rising these type of diseases further propels the demand of PoC diagnostics in veterinary clinics and hospitals, this contributing in the growth of the market.

Global Veterinary PoC Diagnostics Market Segmentation

By Product Type

Instruments

Consumables

By Application

Clinical Pathology

Infectious Disease

Orthopedics

Gynecology

Oncology

Others(Neurology)

By End-User

Veterinary Hospitals &Clinics

Homecare

By Region

North America

United States

Canada

Europe

Germany

United Kingdom

France

Spain

Italy

Rest of Europe

Asia-Pacific

China

Japan

India

Rest of Asia-Pacific

Rest of the World

Company Profiles

AniPOC Ltd.

Abaxis Inc.

ACON Laboratories, Inc.

Agfa N.V.

Bio-X Diagnostics S.A.

Carestream Health, Inc.

Diagnostic Imaging Systems, Inc.

ESAOTE SPA

Eurolyser Diagnostica GmbH

FUJIFILM Sonosite, Inc.

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Last Updated June 4, 2020
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