Approaches Opted for the Market Size Estimation:

The total market size for the Veterinary PoC Diagnostics Market was arrived at after data triangulation from three different approaches, as mentioned below.

Approach to calculate revenue of different players in the Veterinary PoC Diagnostics Market

In this report, the revenue of individual companies were gathered from public sources and databases. In certain cases, the share of veterinary point-of-care diagnostics business for kits & analyzers was ascertained after a detailed analysis of various parameters, including product portfolio, market positioning, selling price, and geographic reach & strength, among others. Individual shares or estimates were validated through expert interviews.

Approach to calculate parent markets of the Veterinary PoC Diagnostics Market

In this report, the veterinary companion animal diagnostics market, veterinary radiography systems market, veterinary ultrasound imaging systems market, veterinary CT scanners market, and veterinary imaging market from MnM’s repository were referred to in order to obtain the market size of the veterinary point-of-care diagnostics market. A weighted average of numbers obtained from these reports was taken to derive the market size of the global veterinary point-of-care diagnostics market.

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Approach to get the market size and estimate market growth


The market size and market growth was estimated through primary interviews on a regional and global level. All responses were collated and a weighted average was taken to derive a probabilistic estimate of the market size and growth rate.

Expected Revenue Growth:

The global Veterinary PoC Diagnostics Market size is projected to reach USD 2.4 billion by 2025 from USD 1.4 billion in 2019, at a CAGR of 8.9%.

Growth Influencing Factors:

Factors such as increasing prevalence of zoonotic diseases among companion and livestock animals and the growing need for the rapid detection of these diseases, along with the advantages of POCT over laboratory analysis are driving the growth of this market during the forecast period. However, the high cost of veterinary imaging instruments is restraining the growth of this market to some extent.

End Users:

By end user, the veterinary clinics segment accounted for the largest share of the Veterinary PoC Diagnostics Market in 2018

Based on end user, the Veterinary PoC Diagnostics Market is segmented into veterinary hospitals & academic institutes, veterinary clinics, and home care settings. In 2018, the veterinary clinics segment accounted for the largest share of the market. The large share of this segment is attributed to the growing number of patients visiting vet clinics and the increasing number of private clinical practices.

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Key Players:


Prominent players in the Veterinary PoC Diagnostics Market include Zoetis, Inc. (US), IDEXX Laboratories, Inc. (US), Heska Corporation (US), Virbac (France), Thermo Fisher Scientific, Inc. (US), Eurolyser Diagnostica GmbH (Austria), Woodley Equipment Company (UK), Randox Laboratories LTD. (UK), AniPOC, Ltd. (UK), Carestream Health, Inc. (a part of ONEX Corporation) (Canada), NeuroLogica Corporation (a part of Samsung Electronics Co. Ltd.) (South Korea), and FUJIFILM SonoSite (a part of FUJIFILM Holdings Corporation) (Japan).

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