DUBLIN–(BUSINESS WIRE)–The «U.S. Veterinary Point of Care Diagnostics Market Size, Share & Trends Analysis Report by Product, Animal Type, Sample Type, Indication, Testing Category, End-Use, Country with Growth Forecasts, 2025-2030» has been added to ResearchAndMarkets.com’s offering.
The U.S. Veterinary Point of Care Diagnostics Market, valued at USD 1.04 billion in 2024, is projected to expand to USD 1.78 billion by 2030, growing at a CAGR of 9.15%.
This robust growth is driven by various factors including increased spending on pet-related products and services, a burgeoning pet owner community, technological innovations, and a rising demand for point-of-care diagnostics.
The expanding companion animal population is poised to boost the demand for veterinary healthcare services, thus significantly increasing pet-related expenditures. According to the 2024 statistics from the American Pet Products Association (APPA), U.S. pet owners are likely to spend over USD 150 billion on their pets, marking a sharp increase from USD 90.5 billion in 2018. Of this, around USD 39 billion is expected to be spent on veterinary care services and products in 2024. Point-of-care (POC) diagnostics, such as lateral flow devices, play a vital role by delivering immediate results and clinically significant information. These technologies, used for decades to detect infectious animal diseases, reduce costs and diagnosis time.
The market’s growth is further accentuated by the high volume of veterinary visits and a developed veterinary healthcare infrastructure. Industry players are heavily investing in R&D to innovate point-of-care diagnostic tools. Examples include IDEXX’s SDMA test kits that leverage AI for assessing kidney functions in pets, and Zoetis’s upcoming POC diagnostic products. Heska has also diversified its offerings with new POC diagnostic solutions.
Emergent technologies continue to revolutionize the diagnostic landscape. The Wyss Institute at Harvard College, for example, has advanced POC diagnostics with its directEsense technology, which leverages electrically active chemical layers on biosensors to detect disease biomarkers without detection labels, enhancing conductivity and cutting costs. This technology aims at identifying blood serum proteins linked to musculoskeletal injuries and infections in companion animals, while also targeting future potential applications in human and environmental health diagnostics.
Innovations like artificial intelligence enhance diagnosis speed and accuracy, providing swift real-time analysis from medical data like X-rays and blood tests. Molecular diagnostics are crucial for early disease detection by pinpointing specific pathogens and genetic markers, paving the way for personalized medicine for individual animals.
U.S. Veterinary Point of Care Diagnostics Market Report Segmentation
Product Outlook (Revenue, USD Million, 2018-2030)
- Consumables, Reagents, & Kits
- Instruments & Devices
Animal Type Outlook (Revenue, USD Million, 2018-2030)
- Companion Animals
- Livestock Animals
Sample Type Outlook (Revenue, USD Million, 2018-2030)
- Blood/Plasma/Serum
- Urine
- Fecal
Indication Outlook (Revenue, USD Million, 2018-2030)
- Infectious Disease
- General Ailments
Testing Category Outlook (Revenue, USD Million, 2018-2030)
- Hematology
- Diagnostic Imaging
- Bacteriology
End-Use Outlook (Revenue, USD Million, 2018-2030)
- Veterinary Hospitals & Clinics
- Home Care Settings
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 120 |
| Forecast Period | 2024 – 2030 |
| Estimated Market Value (USD) in 2024 | $1.04 Billion |
| Forecasted Market Value (USD) by 2030 | $1.78 Billion |
| Compound Annual Growth Rate | 9.1% |
| Regions Covered | United States |
Companies Featured
- Zoetis Inc.
- IDEXX
- Thermo Fisher Scientific Inc.
- Heska Corp
- Phibro Animal Health Corporation
- Blair Milling and Elevator Co., Inc.
- NeuroLogica Corp
- NEOGEN Corporation
- Marshfield Labs
- ProtaTek International, Inc.
- Texas A&M Veterinary Medical Diagnostic Laboratory
- VCA, Inc
- University of Minnesota
For more information about this report visit https://www.researchandmarkets.com/r/57p8tc
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