Animal Pregnancy Test Kit Market is Expected to Enhance $62.36 Million Revenue By 2030: Grand View Research Inc.

 Animal Pregnancy Test Kit Market Growth & Trends

The global animal pregnancy test kit market size is anticipated to reach USD 62.36 million by 2030, registering a CAGR of 4.68% from 2024 to 2030, according to a new report by Grand View Research, Inc. The key factors driving the industry growth include increasing animal population, pet humanization, initiatives by key market players, and the introduction of new early pregnancy testing kits for different animal species. Efficient reproduction is one of the crucial factors for businesses that are involved in livestock production as it directly influences the financial well-being of the business. To ensure reproductive efficiency, businesses need to diligently look after timely and accurate pregnancy status assessments.

Similarly, identifying and recognizing open or non-pregnant females early is important as allows for a more precise evaluation of conception rates, often linked to male or semen fertility, but also serves as a valuable indicator of the effectiveness of artificial insemination programs. In addition, it helps find potential underlying issues such as infectious or noninfectious diseases, which may impact reproductive performance. In essence, early determination of pregnancy status is fundamental for optimizing overall reproductive health and productivity of livestock operations.

Sustained advancements in biochemical assays and diagnostic technologies are expected to improve the sensitivity and accuracy of animal pregnancy testing. These advancements include developments in enzyme-linked immunosorbent assays (ELISA) and other biochemical methods. Furthermore, the development of portable and rapid point-of-care testing allows on-site pregnancy testing without requiring samples to be sent to centralized laboratories. Thus, the growing demand for on-farm pregnancy testing of ruminants, along with continuous technological advancements, contributes to market growth.

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Animal Pregnancy Test Kit Market Report Highlights

• The pregnancy test kit cassettes product segment dominated the market with a share of 44.3% in 2023. The ELISA test kits segment is projected to register the fastest CAGR of 4.7% from 2024 to 2030
• The livestock animal segment held the largest share in 2023. The companion animal segment is projected to grow at the fastest growth rate from 2024 to 2030
• In terms of sample type, the whole blood, plasma, and serum segment accounted for the highest market share in 2023 and is projected to register the fastest CAGR from 2024 to 2030
• The e-commerce distribution channel segment held the highest share in 2023 and is projected to grow at the fastest CAGR from 2024 to 2030
• The on-farm end-use segment held the highest share in 2023. On the other hand, the home setting segment is estimated to grow at the fastest CAGR from 2024 to 2030
• North America held the largest share of about 47.0% in 2023. On the other hand, Asia Pacific is anticipated to grow at the fastest CAGR of 6.63% from 2024 to 2030
• Advances in rapid diagnostic technology led to the development of more accurate, user-friendly, and cost-effective animal pregnancy test kits. Such advancements are anticipated to drive market growth

Access Press Release@ https://www.grandviewresearch.com/press-release/global-animal-pregnancy-test-kit-market

Animal Pregnancy Test Kit Market Segmentation

Grand View Research has segmented the global animal pregnancy test kit market based on product, animal type, sample type, distribution channel, end-use, and region:

Animal Pregnancy Test Kit Product Outlook (Revenue, USD Million, 2018 - 2030)

• Pregnancy Test Kits Cassettes
• Pregnancy Test Kits Strips
• ELISA Test Kits

Animal Pregnancy Test Kit Animal Type Outlook (Revenue, USD Million, 2018 - 2030)

• Companion Animal
  • Canine
  • Feline
  • Equine
  • Others
• Livestock Animal
  • Bovine
  • Swine
  • Caprine/Ovine
  • Others

Animal Pregnancy Test Kit Sample Type Outlook (Revenue, USD Million, 2018 - 2030)

• Urine
• Whole Blood, Plasma, Serum
• Others (Milk)

Animal Pregnancy Test Kit Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Veterinary Hospitals & Clinics
• Retail Stores
• E-commerce

Animal Pregnancy Test Kit End-use Outlook (Revenue, USD Million, 2018 - 2030)

• On Farm
• Laboratory
• Home Setting

Animal Pregnancy Test Kit Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Sweden
  • Denmark
  • Norway
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players of Animal Pregnancy Test Kit Market

• Zoetis Services LLC
• IDEXX Laboratories, Inc.
• Ring Biotechnology Co Ltd.
• Hangzhou Testsea Biotechnology Co. Ltd.
• Novis Animal Solutions
• Secure Diagnostics Pvt. Ltd.
• J&G Biotech Ltd.
• EMLAB GENETICS LLC.
• Megacor Diagnostik Gmbh
• BIOTRACKING, INC.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.