Animal Pregnancy Test Kit Market by Product and Geography - Forecast and Analysis 2022-2026

The animal pregnancy test kit market share is expected to increase by USD 98.33 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.76%. This animal pregnancy test kit market research will help companies evaluate their business approaches. The animal pregnancy test kit market report also offers information on several market vendors, including Bellylabs Oy, Bio Tracking, BioNote Inc., EMLAB GENETICS LLC., Fassisi, Society for Veterinary Diagnostics and Environmental Analysis GmbH, Genex Cooperative, Hangzhou Testsea Biotechnology Co. Ltd., IDEXX Laboratories Inc., J and G Biotech Ltd., MicroTUS International Biotechnology Co. Ltd., Randox Laboratories Ltd., Ring Biotechnology Co. Ltd., Secure Diagnostics Pvt. Ltd., Shenzhen Bioeasy Biotechnology Co. Ltd., Twil Canada Inc., Vetlab Supplies Ltd, Zhengzhou Zhimuren Machinery Equipment Co., and Zoetis Inc. among others. Furthermore, this report extensively covers animal pregnancy test kit market segmentation by product (cassettes, strips, and enzyme-linked immunoassay) and geography (North America, Europe, Asia, and Rest of World (ROW)).

What will the Animal Pregnancy Test Kit Market Size be During the Forecast Period?

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Animal Pregnancy Test Kit Market: Key Drivers, Trends, and Challenges

The growing veterinary care spending is notably driving the animal pregnancy test kit market growth, although factors such as lack of adequately trained veterinary doctors to perform animal pregnancy tests may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the animal pregnancy test kit industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Animal Pregnancy Test Kit Market Driver

The growing veterinary care spending is one of the key drivers supporting the animal pregnancy test kit market growth. As per data provided by Banfield Pet Hospital, in 2020, 9.2% more juvenile dogs and 12.4% more juvenile cats were brought to the hospital for veterinary visits when compared to 2019. This is the first increase in the percentage of juvenile pets seen at the practice in ten years. Additionally, from March 2020 to December 2020, chats on Banfield's telehealth service, namely Vet Chat, increased in volume every day. The number of appointments with certified vet technicians (CVTs) at the hospital increased by 280% in 2020 when compared to 2019. Thus, as pet owners continue to increase their spending on veterinary care, the demand for animal pregnancy test kits will increase. Thus, the increased number of visits to veterinary hospitals and the growing focus on pet healthcare will help drive the growth of the global animal pregnancy test kit market during the forecast period.

Key Animal Pregnancy Test Kit Market Trend

One of the key animal pregnancy test kit market trends is the increasing demand from livestock producers. For instance, in India, the government implemented the National Artificial Insemination Programme (NAIP) in 600 districts of the country, which have less than 50% artificial insemination coverage. The program focused on improving reproductive efficiency among animals in India. It was conducted over a period of six months, from September 15, 2019, to March 15, 2020, and covered around 120 lakh reproductive-age female bovine populations, covering 100 villages and 200 animals per village. All breeds of cattle and buffaloes were covered in this program. Thus, such favorable initiatives by the government will help improve the reproductive efficiency among animals in the country, which will boost the demand for animal pregnancy test kits during the forecast period.

Key Animal Pregnancy Test Kit Market Challenge

Lack of adequately trained veterinary doctors is one of the factors hindering the animal pregnancy test kit market growth. Veterinary diagnostics require skilled professionals to perform accurate pregnancy testing in companion animals and livestock. The collection of correct samples and selecting the most suitable tests are crucial when detecting pregnancy in animals and assessing the health status of an animal or a group of animals. Thus, there is a need for well-equipped veterinary hospitals and clinics as well as skilled professionals to perform these pregnancy tests. Furthermore, veterinarians must demonstrate the safe handling of clinical samples and select and design appropriate tests for the detection of pregnancy in animals. Thus, the lack of highly skilled professionals with the clinical and analytical knowledge required to perform animal pregnancy detection tests and interpret enzyme-linked diagnostic assays negatively impacts the adoption and use of animal pregnancy tests.

This animal pregnancy test kit market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global animal pregnancy test kit market as a part of the global life sciences tools and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the animal pregnancy test kit market during the forecast period.

Who are the Major Animal Pregnancy Test Kit Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Bellylabs Oy
• Bio Tracking
• BioNote Inc.
• EMLAB GENETICS LLC.
• Fassisi, Society for Veterinary Diagnostics and Environmental Analysis GmbH
• Genex Cooperative
• Hangzhou Testsea Biotechnology Co. Ltd.
• IDEXX Laboratories Inc.
• J and G Biotech Ltd.
• MicroTUS International Biotechnology Co. Ltd.
• Randox Laboratories Ltd.
• Ring Biotechnology Co. Ltd.
• Secure Diagnostics Pvt. Ltd.
• Shenzhen Bioeasy Biotechnology Co. Ltd.
• Twil Canada Inc.
• Vetlab Supplies Ltd
• Zhengzhou Zhimuren Machinery Equipment Co.
• Zoetis Inc.

 

This statistical study of the animal pregnancy test kit market encompasses successful business strategies deployed by the key vendors. The animal pregnancy test kit market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Bio Tracking - It is a privately held company headquartered in the US. It is a regional company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the global animal pregnancy test kit market is a key component of its overall revenue.
• Bio Tracking - The company offers an animal pregnancy test kit under the product name of BioPryn.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The animal pregnancy test kit market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Animal Pregnancy Test Kit Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the animal pregnancy test kit market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Animal Pregnancy Test Kit Market?

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40% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for animal pregnancy test kits in North America. Market growth in this region will be faster than the growth of the market in ROW.

The increasing awareness regarding animal healthcare will facilitate the animal pregnancy test kit market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic had a negative impact on the regional animal pregnancy test kit market. However, in H2 2020, due to the availability of COVID-19 vaccines, the number of cases in the region declined. Thus, with access to veterinary clinics restored, the demand for animal pregnancy test kits rebounded. Thus, due to this factor, the regional animal pregnancy test kit market will continue to witness growth during the forecast period.

What are the Revenue-generating Product Segments in the Animal Pregnancy Test Kit Market?

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The animal pregnancy test kit market share growth by the cassettes segment will be significant during the forecast period. The cassettes allow the detection of pregnancy-associated glycoproteins (PAGs) in ethylenediaminetetraacetic acid (EDTA) whole blood, EDTA plasma, or the serum of cows and heifers as a marker for pregnancy. Animal pregnancy detection using cassettes is reliable, cost-effective, and can be performed on farm animals in farms as well as at home on companion animals without the help of a veterinary doctor. Such factors will drive the market growth through this segment in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the animal pregnancy test kit market size and actionable market insights on post COVID-19 impact on each segment.

 

Animal Pregnancy Test Kit Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.76%
Market growth 2022-2026	$ 98.33 million
Market structure	Fragmented
YoY growth (%)	2.96
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 40%
Key consumer countries	US, Canada, Australia, Germany, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Bellylabs Oy, Bio Tracking, BioNote Inc., EMLAB GENETICS LLC., Fassisi, Society for Veterinary Diagnostics and Environmental Analysis GmbH, Genex Cooperative, Hangzhou Testsea Biotechnology Co. Ltd., IDEXX Laboratories Inc., J and G Biotech Ltd., MicroTUS International Biotechnology Co. Ltd., Randox Laboratories Ltd., Ring Biotechnology Co. Ltd., Secure Diagnostics Pvt. Ltd., Shenzhen Bioeasy Biotechnology Co. Ltd., Twil Canada Inc., Vetlab Supplies Ltd, Zhengzhou Zhimuren Machinery Equipment Co., and Zoetis Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Animal Pregnancy Test Kit Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive animal pregnancy test kit market growth during the next five years
• Precise estimation of the animal pregnancy test kit market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the animal pregnancy test kit industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of animal pregnancy test kit market vendors

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