Shift towards POCT Testing In Animals Drives India Veterinary Diagnostic Test Kits Market Growth:
Point-of-care testing (POCT) refers to diagnostic testing that can be performed on-site, such as in a veterinary clinic or at the point of animal care. This type of testing is becoming increasingly popular, as it allows for quick and accurate diagnosis of diseases without the need for sending samples to a laboratory. POCT is particularly useful in rural areas of India, where access to laboratory facilities may be limited. In these areas, veterinarians can use portable diagnostic testing kits to quickly diagnose diseases and provide treatment to animals on-site. This has helped to improve the overall health and well-being of animals in these areas, as well as reduce the spread of infectious diseases. The development of new and improved POCT kits has also contributed to the growth of the India veterinary diagnostic test kit market. These kits are designed to be easy to use and provide accurate results in a short amount of time.
Furthermore, POCT testing, which reduces the therapeutic turn-around time by involving bedside testing of many laboratory parameters like pH, blood gas analyzer, pCo2, electrolytes, etc., is therefore an alternative to lab diagnosis. PoCT technologies fall into a number of types, the two main ones being small handheld devices and large handheld devices. Small handheld devices allow for the qualitative or quantitative determination of an expanding number of analytes. Larger, frequently benchtop gadgets that are basically scaled-down laboratory instruments make up the second group of devices. Among these are analyzers for critical care and, more recently, smaller analyzers for immunology and hematology. Next-generation point-of-care testing (POCT) is being made possible by recent advancements in developing technologies, such as lab-on-a-chip (LOC) platforms, paper-based assays (PBAs), and cellphone (CP)-based technologies. With the development of artificial intelligence, the veterinary field is expected to expand, with numerous gadgets expected to enter the commercial market in the next years.
Untapped Market for Veterinary Diagnostics Creates Opportunities for India Veterinary Diagnostic Test Kits Market
The veterinary diagnostic test kit market in India presents substantial untapped opportunities, particularly in addressing the healthcare needs of livestock and companion animals. With the growing awareness of animal welfare, the increasing adoption of pets, and the expansion of commercial livestock farming, there is a burgeoning demand for advanced diagnostic solutions to cater to the diverse healthcare requirements of animals across the country. The untapped potential lies in the need for comprehensive diagnostic tools that can efficiently address a wide array of health conditions in animals, including both infectious and non-infectious diseases. Furthermore, the market offers a distinctive opportunity for the development and adoption of cost-effective, rapid, and accurate diagnostic solutions tailored for the specific healthcare challenges prevalent in India. Specifically, the focus on point-of-care testing, portable diagnostic platforms, and accessible testing solutions for rural and remote areas stands as a promising avenue for market expansion. Additionally, with the increasing emphasis on disease surveillance, preventive healthcare, and One Health initiatives, there is a significant scope for collaborative efforts between government health authorities, veterinary professionals, and diagnostic technology providers to bolster the capacity and accessibility of veterinary diagnostics across India. For instance, in September 2023, the Department of Animal Husbandry and Dairy of the Indian Ministry of Animal Husbandry, in collaboration with three Implementing Entities (IEs)—the World Bank, the Asian Development Bank (ADB), and the Food and Agriculture Organization (FAO)—will be part of the Animal Health Security Strengthening for Pandemic Preparedness and Response Project in India. Supporting delivery partners in this project include the South Asia Subregional Economic Cooperation (SASEC). The initiative is planned to use $25 million in co-financing and an additional $257 million in co-investment to assist India’s efforts to increase animal health security. It is backed by a $25 million grant from the Pandemic Fund. With the introduction of the One Health Mission (2022–2023) strategy, India is increasing its investments in human health security. This initiative is a complement to those efforts. The potential for innovation, the unmet needs in healthcare delivery, and the evolving landscape of animal healthcare collectively underscore the untapped market potential and the compelling opportunities for the progression and expansion of the veterinary diagnostic test kit market in India.
India Veterinary Diagnostic Test Kits Market: Segmental Overview
Based on product, the market is differentiated into ELISA test kit and PCR test kit. The ELISA test kit segment held the largest India veterinary diagnostic test kits market share in 2022. The PCR test kit segment is anticipated to register the highest CAGR during 2022–2030.
Based on Animal Type, the India veterinary diagnostic test kits market is segmented into companion animals and livestock animal. The companion animals segment held the largest market share in 2022, and the livestock animal segment is anticipated to register the highest CAGR from 2022 to 2030.
By application, the market is differentiated into infectious diseases and non-infectious diseases. In 2022, the infectious diseases segment held the largest market share, and the non-infectious diseases segment is anticipated to register the highest CAGR during 2022–2030.
Based on testing type, the market is differentiated into laboratory testing and rapid testing (POC testing). The laboratory testing segment held the largest India veterinary diagnostic test kits market share in 2022. The rapid testing (POC testing) segment is anticipated to register the highest CAGR during 2022–2030.
In terms of end user, the market is segmented into veterinary hospitals and clinics, animal diagnostic laboratories, and veterinary research institutes and universities. The veterinary hospitals and clinics segment is anticipated to hold a significant India veterinary diagnostic test kits market share during 2022–2030.
India Veterinary Diagnostic Test Kits Market: Competitive Landscape and Key Developments
Zoetis, Inc., Secure Diagnostics, Thermo Fisher Scientific, Inbios India, Ubio Bitechnology Systems, Gold Standerd Diagnostics, VMRD Inc., Fujifilm, Randox Laboratories Ltd, and Idexx Laboratories are among the prominent players profiled in the India veterinary diagnostic test kits market report. These companies focus on new technologies, advancements in existing products, and geographic expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios.
Key Developments in India Veterinary Diagnostic Test Kits Market:
- In February 2023, Thermo Fisher Scientific launched Applied Biosystems TaqPath PCR kits for diagnosing infectious diseases, including Multi-Drug Resistant Tuberculosis, Hepatitis B Virus, Hepatitis C Virus, M. Tuberculosis complex, and Human Immunodeficiency Virus (HIV). The kits are also used for genetic analysis of HLA B27. The kits are compatible with human and animal samples, such as buccal swabs, blood, and card punches. The Central Drugs Standard Control Organisation granted licensing rights to the company, and it will manufacture the kits in association with Mylab Discovery Solutions.
- December 2021, A’alda Vet India and Fujifilm India partnered to improve pet healthcare facilities. As part of the collaboration, DCC (Dogs, Cats & Companions) Animal Hospital will receive cutting-edge medical and screening equipment from Fujifilm India. This is an initiative by A’alda Vet to raise the bar for veterinary treatment in India. With more and more individuals adopting and caring for pets, India has one of the fastest-growing pet care markets in the world. Therefore, it is more crucial than ever for people to have improved access to local pet care facilities that meet international standards. The alliance was founded as a result of Fujifilm’s dedication to giving everyone, including pets, access to top-notch healthcare.