Animal Pregnancy Test Kits Market: Соmреtіtіоn Ѕсеnаrіо, Ѕеgmеnt Оutlооk,Тrеndѕ аnd Fоrесаѕt

Animal Pregnancy Test Kits Market

Global Animal Pregnancy Test Kits Market: Overview

Animal Pregnancy Test Kits are rapid response kits used to determine the pregnancy status of an animal. These are usually employed in animal husbandry units to assess the success of induced or artificial insemination. Domestic animals too are also subjected to such tests for commercial rearing of prominent species. These are employed as personal companions for purely aesthetic purposes.

Traditionally, females of a livestock species are detected for symptoms of heat, which are often unreliable given that diseases often disrupt such observations. When rearing animals commercially, it becomes increasingly important to determine the success of reproductive interventions to streamline the supply of products from livestock. Decisions about appropriate nutrition and care for the pregnant females can then be taken. This also separates reproductively viable livestock from non-viable ones, and future usage for either set of animals is different in the livestock industry.

The global demand for livestock products has grown in the past few years. Be it meat products or those derived from animals, livestock provides aplenty for daily human consumption. This has boosted the livestock industry, as per TMR, and will continue to grow over the forecast period of 2020 to 2030. A global call for organic consumption shall further give impetus to products from this industry, making the demand for animal pregnancy test kits steady in the future.

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Global Animal Pregnancy Test Kits Market: Competitive Landscape

The manufacturers of animal pregnancy test kits are few. This makes the market scenario concentrated. Some of the key players in the market are:

  • BioTracking Inc
  • Zoetis Services LLC.
  • IDEXX Laboratories, Inc
  • Fassisi

Some of these few players plan to expand production infrastructure to cater to rising demands. Increasing market outreach to make rearers aware of their products is also a major market strategy these players are expected to adapt to facilitate demand creation.

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Global Animal Pregnancy Test Kits Market: Key Trends and Drivers

  • The world now produces double the amount of milk it did 50 years from now. Even global consumption of meat has quadrupled over this time period, with 320 million tones of meat produced and processed in 2013 alone. Such an increase in livestock products has been made possible by increasing efficiency in rearing stations. Automating the rearing of animals has played a big role here, and the animal pregnancy test kits market contributes to the same. With the upwards trends seen in livestock products consumption, this market is set to grow steadily in the future.
  • Domestic animals are increasingly being adopted as pets. Guide animals, aesthetic companions and domestic companions are some roles that can be expected of them. In Europe alone, the pet products industry reached a valuation of 44 billion USD in 2018. This goes to show the increasing requirement for pets in households, which gives impetus to artificial breeding practices. This is set to give a steady growth curve for the animal pregnancy test kits market to ride on.

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Global Animal Pregnancy Test Kits Market: Regional Analysis

Latin America and Caribbean are the regions which currently register the greatest growth in this market. The presence of a robust livestock industry that supplies animal products worldwide makes this growth possible. These are followed by the Asia Pacific region (APAC), which rides on regional consumption of animal products and adoption of pets among an increasingly nuclear and affluent population.

The North American and European regions figure lower down in the tally of areas that have good growth in this market primarily because of recent guidelines to humanize animal treatment and an outsourcing of animal products. A major contributor to this market is the artificial breeding conglomerate that is interested in creating new breeds of animals that can function as domestic and commercial companions.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

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Transparency Market Research

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