According to our new research study on "India veterinary diagnostic test kits market Size and Forecast to 2030 - Country Analysis - by Product, Component, Delivery Mode, Application, and End User," the market is expected to grow from US$ 29.13 million in 2022 to US$ 62.03 million by 2030; it is estimated to record a CAGR of 8.4% during 2022-2030.
Veterinary diagnostic test kits are tools used by veterinarians to diagnose and monitor animal health conditions. These kits are designed to detect the presence of specific markers, such as antibodies, antigens, or DNA, in animal samples such as blood, urine, or feces. Veterinary diagnostic test kits are available for a wide range of animal species, including dogs, cats, horses, cows, pigs, and birds. These kits are essential for diagnosing infectious diseases, genetic disorders, and other health conditions in animals.
Pet adoption has been on the rise in India over the past few years, which has subsequently increased the demand for veterinary diagnostic testing kits. According to Brand Equity Foundation, the number of pet owners in India surged from 20 million in 2015 to 30 million in 2023. Products and services for the healthcare and grooming of pets are in high demand as more people and families bring pets into their homes. As more and more people adopt pets, they become more invested in their pet's health and well-being. This has led to an increase in the number of pet owners seeking regular veterinary check-ups and diagnostic testing. Additionally, many rescue organizations and animal shelters require pets to undergo diagnostic testing before they are adopted to ensure that they are healthy and free from infectious diseases. The availability of veterinary diagnostic testing kits has made it easier for veterinarians to diagnose and treat a variety of diseases, including infectious diseases that can be easily spread among animals. These tests allow veterinarians to quickly identify the cause of an animal's symptoms, which can help them provide prompt and effective treatment. This is particularly important in India, where infectious diseases are a major concern due to overcrowding and poor sanitation. Furthermore, the increasing demand for veterinary diagnostic testing kits has led to the development of new and improved testing methods. For example, there are now rapid diagnostic tests available that can provide results in just a few minutes, making it easier for veterinarians to diagnose diseases quickly and accurately. Furthermore, the development of new and improved testing methods has made it easier for pet doctor to diagnose diseases accurately, which has helped to control the spread of infectious diseases among companion animals. For instance, in February 2023, Thermo Fisher Scientific launched Applied Biosystems TaqPath PCR kits for diagnosing infectious diseases, including Multi-Drug Resistant Tuberculosis, Hepatitis B Virus, Hepatitis C Virus, M. Tuberculosis complex, and others. The kits are compatible with animal and human samples, such as buccal swabs, blood, and card punches. The Central Drugs Standard Control Organization granted licensing rights to the company, and it will manufacture the kits in association with Mylab Discovery Solutions in India. Thus, the growing trend of pet adoption in India has led to an increased demand for veterinary diagnostic testing kits. This has helped veterinarians to diagnose and treat a variety of diseases more effectively, which has improved the overall health and well-being of pets in India.
Zoetis, Inc., Secure Diagnostics, Thermo Fisher Scientific, Inbios India, Ubio Bitechnology Systems, Gold Standerd Diagnostics, VMRD Inc., Fujifilm, Randox Laboratories Ltd, and Idexx Laboratories are among the leading companies operating in the India veterinary diagnostic test kits market.
The report segments the India veterinary diagnostic test kits market as follows:
Based on product, the market is differentiated into ELISA and PCR test kits. The ELISA test kit segment held the largest India veterinary diagnostic test kits market share in 2022. The PCR test kit segment is anticipated to register the highest CAGR from 2022 to 2030.
India Veterinary Diagnostic Test Kits Market, by Product - 2022 and 2030
Based on Animal Type, the India veterinary diagnostic test kits market is segmented into companion animals and livestock animal. The companion animals segment held the largest market share in 2022, and the livestock animal segment is anticipated to register the highest CAGR from 2022 to 2030.
By application, the market is differentiated into infectious diseases and non-infectious diseases. In 2022, the infectious diseases segment held the largest market share, and the non-infectious diseases segment is anticipated to register the highest CAGR during 2022-2030.
The market is differentiated into laboratory and rapid testing (POC testing) based on testing type. The laboratory testing segment held the largest India veterinary diagnostic test kits market share in 2022. The rapid testing (POC testing) segment is anticipated to register the highest CAGR from 2022 to 2030.
In terms of end user, the market is segmented into veterinary hospitals and clinics, animal diagnostic laboratories, and veterinary research institutes and universities. The veterinary hospitals and clinics segment is anticipated to hold a significant India veterinary diagnostic test kits market share during 2022-2030.
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