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Veterinary Point Of Care Diagnostics Market - Industry Size, Share, Growth & Forecast 2027
The Global Veterinary Point Of Care Diagnostics Market is anticipated to grow with an elevated CAGR of around 12% over the forecast period (2021-2027).
According to UnivDatos Market Insights (UMI)' research report "Global Veterinary Point Of Care Diagnostics Market Analysis, 2021", the veterinary point of care diagnostics market is projected to grow at a CAGR of ~12% during 2021-27F. The rising population of pets and the diseases among them are the factors that drive the worldwide demand for efficient diagnostic solutions augmenting the growth of the veterinary point of care diagnostics market globally.
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Based on the animal type, the market is segmented into livestock and companion. The livestock segment is expected to witness significant growth. The increasing cattle population and growing adoption of modern technology to provide care to the animals attribute to the market growth of the segment in the veterinary market. For instance, as per the Department Of Animal Husbandry and Dairying – Government of India, in 2019, the female cattle population was 145.12 million which increased by 18.0% over 2012.
UnivDatos Market Insights (UMI)