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The Veterinary Rapid Diagnostic Tests Market is projected to grow at a CAGR of 8.1% from 2023 to 2030, reaching a value of $1.1 billion by 2030. This market encompasses rapid test kits and readers used to diagnose viral, bacterial, parasitic, and other diseases in both companion and livestock animals. Key factors driving market growth include the rising prevalence of zoonotic diseases, the benefits of rapid tests over traditional methods, increasing preference for on-site testing, growing awareness of veterinary health, higher global animal health expenditures, and increased demand for animal-based food products. Additionally, emerging markets and the growing trend of pet ownership present further opportunities for market expansion.
Leading Companies in the Veterinary Rapid Diagnostic Tests Market:
IDEXX Laboratories, Inc. (U.S.)
Founded in 1983 and headquartered in Delaware, IDEXX Laboratories develops, manufactures, and distributes products and services for the companion animal, livestock, poultry, dairy, and water testing industries. The company operates through three main segments: Companion Animal Group (CAG), Water Quality Products, and Livestock, Poultry, and Dairy (LPD). Its rapid diagnostic tests for the veterinary sector are offered through the CAG and LPD segments, specifically under the Rapid Assay sub-segment and Herd Health Screening.
IDEXX has a global presence in over 175 countries, with R&D, manufacturing, and reference lab facilities across the U.S., U.K., Canada, Australia, and other nations. Its key subsidiaries include IDEXX Switzerland AG, IDEXX GmbH (Germany), and IDEXX Laboratories Pty. Ltd. (Australia).
Thermo Fisher Scientific Inc. (U.S.)
Established in 2006 and headquartered in Massachusetts, Thermo Fisher Scientific is a leading biotechnology company that focuses on life sciences research, diagnostics, and lab productivity. The company operates across four business segments: Laboratory Products & Biopharma, Life Sciences Solutions, Analytical Instruments, and Specialty Diagnostics. Veterinary rapid diagnostic tests are offered under the Specialty Diagnostics segment, particularly through the ImmunoDiagnostics sub-segment.
Thermo Fisher has a strong presence across the U.S., with engineering, laboratory, and production facilities in the U.S., Sweden, Germany, France, Switzerland, and several other countries.
Zoetis Inc. (U.S.)
Founded in 2012 and based in New Jersey, Zoetis is dedicated to the discovery, development, and commercialization of veterinary medicines, vaccines, diagnostic products, and related technologies. The company operates in two geographic segments: U.S. and International. It provides veterinary rapid diagnostic tests as part of its comprehensive portfolio of animal health products, which also includes vaccines, anti-infectives, parasiticides, and diagnostic solutions.
Zoetis has R&D and manufacturing facilities worldwide, including in Austria, Brazil, China, and Spain, and employs over 12,000 people globally.
Fassisi GmbH (Germany)
Founded in 2010 and headquartered in Göttingen, Germany, Fassisi GmbH specializes in the development and production of rapid diagnostic test systems for veterinary use. The company’s portfolio includes tests for detecting viruses (e.g., Rotavirus, Coronavirus), parasites (e.g., Cryptosporidium), and bacterial infections in livestock. Fassisi also provides tests for companion animals, including diagnostics for parvovirus and feline immunodeficiency.
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MEGACOR Diagnostik GmbH (Austria)
Founded in 1993 and headquartered in Vorarlberg, Austria, MEGACOR Diagnostik develops and distributes veterinary in vitro diagnostic tests. The company offers a range of products, including rapid tests, immunofluorescence assays, and other test systems for detecting bacterial, viral, and parasitic infections. MEGACOR caters to veterinarians, veterinary hospitals, and laboratories across the globe.
Woodley Equipment Company (U.K.)
Established in 1989 and based in Bolton, England, Woodley Equipment Company provides equipment solutions and services for the veterinary sector. The company’s veterinary divisions, Woodley Veterinary Diagnostics and UK Veterinary, offer rapid diagnostic tests for a range of animal health needs. Woodley operates from its headquarters in England, with additional offices in New York and distribution partnerships across Europe.
BioNote, Inc. (U.S.)
Founded in 2003 and headquartered in Minnesota, BioNote, Inc. specializes in diagnostic kits and equipment for animal disease detection. BioNote expanded into the U.S. market in 2019 through its subsidiary, BioNote USA. The company offers a variety of rapid diagnostic tests and is actively growing its presence in the U.S., China, Europe, and Latin America.
Virbac (France)
Founded in 1968 and headquartered in Nice, France, Virbac is a global veterinary product company that develops, manufactures, and sells diagnostic, preventive, and treatment solutions for animal health. Virbac’s subsidiary, Virbac BVT, focuses on developing rapid diagnostic tests for companion and production animals.
Biopanda Reagents Ltd. (U.K.)
Established in 2013 and headquartered in Belfast, U.K., Biopanda Reagents specializes in the development and production of in vitro diagnostic kits. The company offers rapid test kits for various animals, including canine, feline, and bovine, and serves both local and global markets with its ISO-certified products.
Heska Corporation (U.S.)
Founded in 1988 and headquartered in Colorado, Heska Corporation provides diagnostic instruments and consumables for veterinary use, including point-of-care laboratory tests and imaging solutions. Heska has a direct presence in the U.S., Australia, Switzerland, France, and Spain, with a global distribution network reaching numerous other countries. Its subsidiaries include Biotech Laboratories U.S.A. LLC and SCIL Animal Care Company GmbH.
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