Animal Pregnancy Kit Market - By Product (Enzyme-linked Immunoassay Kits, Cassettes, Strips), Animal Type (Dog, Cat, Mare, Cow, Sheep, Goat), Distribution Channel (Hospital Pharmacy, Retail Store, E-commerce), Global Forecast 2024 – 2032
Report ID: GMI8013
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Published Date: February 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 10
Tables & Figures: 291
Countries covered: 19
Pages: 160
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Animal Pregnancy Kit Market Size
Animal Pregnancy Kit Market size was valued at USD 78.9 million in 2023 and is estimated to grow at a CAGR of 4.8% between 2024 and 2032. Farmers and livestock producers are increasingly adopting advanced reproductive technologies to enhance breeding efficiency and maximize productivity. This trend has fuelled the demand for animal pregnancy kit, which offer a reliable and convenient way to diagnose pregnancy in animals.
Also, the upward trend in veterinary care spending is another crucial factor driving the market's growth. Pet owners are increasingly investing in the health and well-being of their animal companions, leading to a surge in the adoption of advanced diagnostic tools, including pregnancy kits, to ensure optimal care and management of pregnant animals. Additionally, technological advancements in the development of pregnancy detection kits, including the integration of advanced diagnostics and user-friendly features is expected to contribute to the market's expansion.
Animal pregnancy testing is one method of monitoring reproductive efficiency and detecting any problems early in the breeding cycle. The test is based on antibodies raised against a subset of pregnancy-associated glycoprotein (PAG) that are expressed early during pregnancy and cleared rapidly from the blood of postpartum animals.
Animal Pregnancy Kit Market Trends
However, while these kits are designed to detect pregnancy in animals, their reliability can vary, leading to potential inaccuracies in results. Factors such as timing, hormonal fluctuations, and the specific species of the animal can contribute to false positives or negatives. Thus, lack of accuracy of available test kits may hamper the market progress.
Animal Pregnancy Kit Market Analysis
Based on product, the market is segmented into enzyme-linked immunoassay test kits, pregnancy test kit cassettes, and pregnancy test kit strips. The enzyme-linked immunoassay test kits segment held largest business share of 44.2% in 2023.
Based on animal type, the animal pregnancy kit market is classified into companion animals and food producing animals. The companion animal’s segment is further categorised into dogs, cats, and mares. The companion animal’s segment was valued at USD 45.4 million in 2023.
Based on distribution channel, the animal pregnancy kit market is segmented into veterinary hospital pharmacies, retail stores, and e-commerce platforms. The veterinary hospital pharmacies segment is anticipated to grow at a CAGR of 4.4% between 2024 – 2032 to reach USD 62.3 million by 2032.
In 2023, North America held a significant share of 38.7% in the global animal pregnancy kit market.
Animal Pregnancy Kit Market Share
The market is characterized by diverse players competing in the industry. Player such as Zoetis, Inc., IDEXX Laboratories, Inc., and J&G BIOTECH LTD, account for significant market share. These prominent players adopt a combination of strategic initiatives such as collaboration & partnership, global expansion, research and development, product diversification, etc. to maintain a competitive edge in the market.
Animal Pregnancy Kit Market Companies
Foremost players operating in the animal pregnancy kit industry are as mentioned below:
Animal Pregnancy Kit Industry News:
The animal pregnancy kit market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 - 2032 for the following segments:
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Market, By Product
Market, By Animal Type
Market, By Distribution Channel
The above information is provided for the following regions and countries: