Industry

India Veterinary Diagnostic Test Kits Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product (ELISA Test Kits, Antibodies Test Kits, Polymerase Chain Reaction (PCR) Test Kits); Animal Type (Companion Animal, Livestock Animal); Application (Infectious Diseases and Non-Infectious Diseases); Testing Type (Rapid Diagnostic Testing, Point-of-Care Testing, Laboratory Testing); End User (Veterinary Hospitals and Clinics, Animal Diagnostic Laboratories, Veterinary Research Institutes and Universities) and Country

Report Code : 

TIPRE00038951

No. of Pages : 133
Published Month : Feb 2024
Category : Life Sciences

The India veterinary diagnostic test kits market size is expected to grow from US$ 29.13 million in 2022 to US$ 62.03 million by 2030; it is estimated to register a CAGR of 9.91% from 2022 to 2030.

Market Insights and Analyst View:

Veterinary diagnostic test kits include tools and consumables 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 blood, urine, feces, and other samples. 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. The India veterinary diagnostic test kits market report emphasizes the key factors driving the market and depicts the developments of prominent players.

Key factors driving the India veterinary diagnostic test kits market growth include the rising prevalence of zoonotic disease, an increase in the adoption of companion animals, and a shift toward POCT testing in animals. However, the lack of skilled professionals in veterinary research and the inadequacy of veterinary diagnostics infrastructure hinder market growth. Further, the increasing expenditure on animal well-being is expected to bring new India veterinary diagnostic test kits market trends in the coming years.

Growth Drivers and Restraints:

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 the 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 upsurge in demand for regular veterinary check-ups and diagnostic testing among pet owners. 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.

Rapid diagnostic tests available in the market 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 doctors to diagnose diseases accurately, which has helped to control the spread of infectious diseases among companion animals. In February 2023, Thermo Fisher Scientific launched Applied Biosystems TaqPath PCR kits for diagnosing infectious diseases, including multidrug-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 Thermo Fisher Scientific to 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, which provides a boost to the India veterinary diagnostic test kits market growth.

The lack of laboratory facilities, trained professionals, and diagnostic equipment has made it difficult for animal care providers to access timely and accurate diagnoses of animal diseases. This results in a low adoption rate of veterinary diagnostic test kits in India. Moreover, the high cost of diagnostic tests and the limited availability of diagnostic kits further restrict the growth of the market. Moreover, many animal care providers in India cannot afford expensive diagnostic tests. The limited availability of test kits further makes it difficult to diagnose a wide range of animal diseases. To address these concern, veterinary diagnostic test kit manufacturers in India need to focus on developing affordable, easy-to-use, and effective diagnostic test kits that can be used by animal care providers in areas with limited laboratory facilities. They also need to work closely with the government to improve the veterinary diagnostic infrastructure in the country, which would create opportunities for the growth of the market.

India Veterinary Diagnostic Test Kits MarketReport Scope

India Veterinary Diagnostic Test Kits Market Report Scope

Report Attribute Details
Market size in 2022 US$ 29.13 Million
Market Size by 2030 US$ 62.03 Million
Global CAGR (2022 - 2030) 9.91%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Product
  • ELISA Test Kits
  • Antibodies Test Kits
  • Polymerase Chain Reaction Test Kits
By Animal Type
  • Companion Animal
  • Livestock Animal
By Application
  • Infectious Diseases and Non-Infectious Diseases
By Testing Type
  • Rapid Diagnostic Testing
  • Point-of-Care Testing
  • Laboratory Testing
Regions and Countries Covered India
  • India
Market leaders and key company profiles
  • Zoetis, Inc.
  • Secure Diagnostics
  • Thermo Fisher Scientific
  • Inbios India
  • Ubio Bitechnology Systems
  • Gold Standerd Diagnostics
  • VMRD Inc.
  • Fujifilm
  • Randox Laboratories Ltd
  • The List of Companies - India Veterinary Diagnostic Test Kits Market

    1. Zoetis, Inc.
    2. Secure Diagnostics
    3. Thermo Fisher Scientific
    4. Inbios India
    5. Ubio Bitechnology Systems
    6. Gold Standerd Diagnostics
    7. VMRD Inc.
    8. Fujifilm
    9. Randox Laboratories Ltd
    10. Idexx Laboratories
    • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the India Veterinary Diagnostic Test Kits Market.
    • Highlights key business priorities in order to assist companies to realign their business strategies.
    • The key findings and recommendations highlight crucial progressive industry trends in the India Veterinary Diagnostic Test Kits Market, thereby allowing players across the value chain to develop effective long-term strategies.
    • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
    • Scrutinize in-depth market trends and outlook coupled with the factors driving the India Veterinary Diagnostic Test Kits Market, as well as those hindering it.
    • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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    Frequently Asked Questions

    What are the driving factors for the India Veterinary Diagnostic Test Kits Market?

    Answer: Factors such as the increasing prevalence of zoonotic disease, increase in adoption of companion animals and shift towards POCT testing in animals. However, lack of skilled professionals in veterinary research and inadequate veterinary diagnostics infrastructure hinders the India veterinary diagnostic test kits market growth.

    Which segment is dominating the India Veterinary Diagnostic Test Kits Market?

    Answer: Based on product, the market is differentiated into ELISA test kit and PCR test kit. 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 during 2022–2030. Furthermore, 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.

    Who are the major players in the India Veterinary Diagnostic Test Kits Market worldwide?

    Answer: - The India Veterinary Diagnostic Test Kits Market majorly consists of the players such Zoetis, Inc., Secure Diagnostics, Thermo Fisher Scientific, Inbios India, Ubio Bitechnology Systems, Gold Standerd Diagnostics, VMRD Inc., Fujifilm, Randox Laboratories Ltd, and Idexx Laboratories.

    What are Veterinary Diagnostic Test Kits?

    Answer: 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..