The global Veterinary Rapid Test market size is projected to reach US$ 966.9 million by 2027, from US$ 546.6 million in 2020, at a CAGR of 8.5% during 2021-2027.
The test is based on a lateral flow immunochromatographic assay. The test device has a testing window. It has an invisible T(test) zone and C(control) zone. When a sample is applied into the specimen well on the device, the liquid will flow laterally along the surface of the test strip.
The main global Veterinary Rapid Test players include IDEXX Laboratories, Zoetis, Virbac, etc. The top three Veterinary Rapid Test players account for approximately 68% of the total market. North America is the largest consumer market for Veterinary Rapid Test, accounting for about 65%, followed by Europe and Asia-Pacific. In terms of type, Companion Test is the largest segment, with a share over 65%. And in terms of application, the largest application is Veterinary Hospitals and Clinics, followed by Laboratories.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Veterinary Rapid Test market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Veterinary Rapid Test market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Veterinary Rapid Test market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Veterinary Rapid Test market.
Veterinary Rapid Test market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Veterinary Rapid Test market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.