Analysis of Animal Pregnancy Test Kits market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Growing concern of the livestock producers regarding the reproductive efficiency of animals has stimulated the demand and supply of animal pregnancy test kits. Growing awareness and increasing expenditure on animal healthcare in developing regions is anticipated to stimulate demand for animal pregnancy test kits. Growing adoption of RVPT (Rapid Visual Pregnancy Test) in Kenya by busy dairy farms and veterinary clinics is further driving the demand and supply of animal pregnancy test kits. Kerala animal husbandry department is making heavy investments for developing innovative animal pregnancy test kits that would offer instant results.
RVPT is regarded as an ideal choice for veterinary professionals and livestock farmers as it helps in faster and easier pregnancy detection, which in turn has a positive impact on growth of animal pregnancy test kits market. Rising availability of ideal animal pregnancy test kits helps in making appropriate decisions regarding nutrition as well as herd health. Key players and manufacturers in animal pregnancy test kits market are taking immense efforts in developing vaccines that prevents abortion, thereby ensuring passive transfer of the immunity. However, growing demand for animal pregnancy test kits by non-veterinarians is likely to hamper the viability of veterinarians, especially in the rural areas.
Domestic animals form an integral part of the society, which fulfil various roles in the day-to-day life. These animals act as house-hold companions, food producing livestock, etc. Regardless of any situation, their day-to-day care remains a primary objective for the pet and farm owners. This should cover all aspects of the care related to health and behaviour for all types of companion animals, farm animals and aquaculture. The day-to-day care is very complicated and it involves a variety of animal healthcare professionals. Even the pet and farm owners play a vital role in maintaining a healthy environment and management of animal well-being.
Hence, to maintain the continuous production of farm animals as well as pet owners who own a pet need to regularly conduct pregnancy testing from time to time to monitor the reproductive efficiency and to detect if there are any complications and anomaly in their breeding cycle. Hence, the usage of animal pregnancy test kits are mandatory among the livestock producers and pet owners. Animal pregnancy test kits are integral part of animal healthcare continuous production of farm animals and for pet owners
Pregnancy testing among animals with animal pregnancy test kits has gained traction over the last decade. For livestock producers, reproductive efficacy among animals is a major concern. Hence, early identification of the females and timely testing to determine pregnancy can help in better evaluation of fertility and can be of economic advantage to the livestock producers. This in turn is driving the demand of animal pregnancy test kits.
Further, rising adoption of pets, increasing awareness among pet owners and growing veterinary care spending for animals are some of the key factors driving the growth of the animal pregnancy test kits market.
The current challenge in the animal pregnancy test kits market remains the early pregnancy testing. Although there are various direct and indirect methods for detecting early pregnancy in companion and farm animals, none of these fulfil the aspects of being an ideal animal pregnancy test kits. There is a lot of limitation and dearth of information regarding any specific novel approach or any specific marker to be used to accurately detect and monitor early pregnancy among animals.
With rapid adoption of pregnancy testing among companion and farm animal owners, the animal pregnancy test kits market is expected to have a healthy growth during the forecast period. The increasing awareness among the pet owners coupled with clinically proven result-oriented animal pregnancy test kits is expected to boost the growth of the animal pregnancy test kits market. Veterinary hospitals followed by e-commerce is expected to remain the most lucrative distribution channel segments in the animal pregnancy test kits market.
Geographically, Latin America and Caribbean followed by Asia Pacific are the most lucrative markets expected to hold maximum market share in the animal pregnancy test kits market owing to higher adoption of animal pregnancy test kits among the livestock owners. The U.S. in North America remains the key market among the pet owners using the animal pregnancy test kits followed by Western Europe.
The Asia-Pacific and Latin America markets are projected to witness significant growth owing to the high adoption of animal pregnancy test kits in healthcare facilities and among pet owners.
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Some of the key players in the animal pregnancy test kits market are BioTracking Inc, Zoetis Services LLC., IDEXX Laboratories, Inc, and Fassisi, among others.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Tentatively, the animal pregnancy test kits market can be segmented on the product type and distribution channel.
By Product Type, the animal pregnancy test kits market is segmented as:
By Distribution Channel, the animal pregnancy test kits market is segmented as:
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The animal pregnancy test kits market is likely to record a CAGR of 4.76% during the forecast period.
The animal pregnancy test kits market has high growth potential due to the rising cost of veterinary treatment and demand from livestock farmers.
The manufacturers of the animal pregnancy test kits industry are likely to find the most opportunities in the North American region.
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