Animal Pregnancy Test Kit Market Size

Animal Pregnancy Test Market Analysis

The animal pregnancy test kit market is expected to register a CAGR of 4.5 % over the forecast period.

Many veterinary organizations, including the World Veterinary Association, concentrated on animal health during the COVID-19 pandemic to address the demand for food, medications, necessities, vaccines, tests, and diagnostics equipment. Due to the lockdown and travel restrictions, many veterinarians and livestock owners were unable to receive necessary veterinary services, such as regular health checks, medications, vaccinations, and testing and diagnostic equipment. Medicine shortages and supply disruptions for animal healthcare goods have been reported in a number of nations. To reduce the supply of drugs, the government has implemented a number of initiatives. Such as, in July 2020, the Centers For Disease Control and Prevention recommended certain guidelines to veterinary professionals for routine health check-in. To fill the void left by supply disruptions, "Health for Animal" has taken an initiative to supply 90% of the world's veterinary supplies, such as veterinary diagnostic kits and veterinary medicine and it also ensures that there was no scarcity of veterinary supplies in the United States and Europe. Thus, owing to the aforementioned factors, COVID-19 had a profound impact on the market studied. However, due to the relaxation of strict regulation during the post pandemic period is expected to drive the demand for animal pregnancy kits due to the usual functioning of the supply chain management, thereby contributing to the growth of the market over the coming five years.

The animal pregnancy test kits market is largely driven by rising pet adoption. According to the 2021-2022 National Pet Owners Survey, conducted by the American Pet Products Association (APPA), around 70% of United States households own a pet, which equates to 90.5 million homes, including 45.3 million cats and 69 million dogs. Such high adoption of pet, creates more awarness about animal health, care and checkups and thus it is expected to contribute in the growth of the studied market.

Additionally, rising veterinary care spending, a growing focus on animal health, and the rise in availability of test kits drive the market over the forecast period. For instance, according to the 2022 statistics published by the Insurance Information Institute, it has been observed that in the United States 3.9 million pets were insured at the end of 2021, with an increase of 20% as compared to 2020. Such increase in the pet insurance, the owners are more likely to focus on animal healthcare, thereby contributing to the growing demand for animal pregnancy test kits and boosting the growth of the market over the forecast period.

Animal health is one of the important components of the livestock business in which productive efficiencies of animals drive the demand and supply of livestock products. For instance, in June 2020, to increase the productive efficiencies of animals the Government of India launched program, called the National Artificial Insemination Programme, through which 76 lakh bovines had been inseminated with the semen of high genetic merit bulls. Hence, this drives the demand for animal pregnancy test kits as these kits have been increasingly used to check the success of insemination.

Also, the increasing product launches are expected to drive the growth of the market over the forecast period. For instance, in October 2021, Bellylabs launched a dog pregnancy rapid test for home use. The test kit contains all equipment needed to perform the test at home by a breeder or owner.

However, the high cost of animal pregnancy test kits and low expenditure on animal healthcare products in underdeveloped countries is anticipated to restrain the growth of the market studied over the forecast period.