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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.
What is the size of the animal pregnancy kit market?
The veterinary hospital pharmacies segment is anticipated to observe 4.4% CAGR between 2024 and 2032, attributed to specialized expertise in veterinary medicine, the availability of a wide range of diagnostic tools, and a strong relationships with both veterinarians and pet owners.
In 2023, North America animal pregnancy kit market share was 38.7% attributed to a well-established veterinary healthcare infrastructure, advanced technological capabilities, and high demand for sophisticated animal reproductive management tools.
Who are the key players in the global animal pregnancy kit industry?