Global Veterinary Chemistry Analyzer Market size will expand significantly through 2032, attributed to the escalating need for quick and precise diagnostic equipment in the field of veterinary medicine. Veterinary chemistry analyzers provide comprehensive biochemical analysis, which helps diagnose and manage a variety of animal ailments, thus witnessing increased demand.
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The growing pet population and rising expenditure on pet healthcare have paved the way for consistent technological upgrades, resulting in the development of small, portable analyzers. For instance, in 2022, VetScan introduced VetScan Catalyst, the latest addition to its analyzer range. This portable analyzer can measure a variety of blood chemistries, blood gases, electrolytes, and hematology parameters. Besides, increased cognizance of the benefits of automated diagnostic tools among veterinary practitioners will further foster the adoption of veterinary chemistry analyzers in the long run.
The overall Veterinary Chemistry Analyzer Market is classified based on Product, Animal, End-use, and region.
Based on the product, the Instruments segment is expected to garner sizeable revenue through 2032. There is an increasing focus on animal health and the need for accurate and timely diagnosis in veterinary care. Advancements in technology have resulted in the development of more sophisticated and efficient analyzer instruments, improving diagnostic capabilities. Additionally, the rising pet population and the growing awareness of preventive healthcare in animals will contribute to the demand for veterinary chemistry analyzer instruments.
Regarding the animal, the veterinary chemistry analyzer market share from the livestock animal segment will witness commendable growth over 2023-2032. The increasing use of cattle, swine, and poultry in the food production business has made it crucial to maintain their health and well-being, propelling segment growth. Veterinary chemical analyzers help monitor and manage animals' health, enabling early disease detection and effective treatment. Besides, the increased emphasis of the livestock industry on animal health, increased productivity, and application of strict quality control procedures will augment segment gains.
Veterinary hospitals and clinics could emerge as prominent end-user of veterinary chemistry analyzers by 2032. These devices assist in providing thorough medical care and are equipped with precise and effective diagnostic equipment. The quick and dependable biochemical analysis provided by veterinary chemistry analyzers helps diagnose, observe, and manage a variety of animal ailments. Increased awareness among veterinary professionals about the advantages of these tools, in line with the expanding pet population and the rising demand for improved diagnostics, will favor market growth.
Regionally, the APAC veterinary chemistry analyzer industry will amass a recognizable revenue share by 2032, driven by increasing pet ownership and rising spending on pet healthcare in nations like China and India. The growth can also be attributed to the demand for effective diagnostic tools to track and control the health of livestock animals due to the growing livestock industries in nations like Australia and New Zealand. This apart, the rising awareness among veterinary practitioners and technological improvements will further stimulate regional growth.
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Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Market definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
1.4.1 Secondary
1.4.1.1 Paid sources
1.4.1.2 Public sources
1.4.2 Primary
Chapter 2 Executive Summary
2.1 Veterinary Chemistry Analyzer industry 360º synopsis, 2018 – 2032
2.2 Business trends
2.3 Type trends
2.4 Product trends
2.5 Animal type trends
2.6 End use trends
2.7 Regional trends
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The Global Veterinary Chemistry Analyzer Market is estimated to grow at a CAGR of 8.7% to reach the US $1,205.2 million.The Growth in this Veterinary Chemistry Analyzer Market is majorly attributed to factors such as growing livestock and companion animal population, rising animal healthcare expenditure, rising pet adoption, growing demand for animal-derived food products, raising awareness about zoonotic diseases, and an increasing number of veterinary practitioners across the globe.Request for Sample Report @https://www.marketsandmarkets.com/requestsampleNew.asp?id=48798056Global Veterinary Chemistry Analyzer Market Segmentation:On the basis of products, the Veterinary Chemistry Analyzer Market is segmented into instruments (including chemistry analyzers, urine analyzers, glucometers, and blood gas & electrolyte analyzers) and consumables (including panels, kits, test strips, and reagents).
The consumables segment accounted for the largest share of the global market and is expected to register the highest CAGR during the forecast period.Based on application, the market is segmented into blood chemistry analysis, urinalysis, glucose monitoring, and blood gas & electrolyte analysis.
The blood chemistry analysis segment accounted for the largest share of the global veterinary chemistry analyzers market.
The large share of this segment is mainly attributed to the growing prevalence of animal diseases, rising awareness about zoonotic diseases, and increasing number of veterinary practitioners across the globe.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=48798056Geographic AnalysisGeographically, the veterinary chemistry analyzer market is categorized into developed and emerging markets.
The emerging markets (including China, India, and Latin America) segment is expected to witness the highest growth rate during the forecast period.
Growth in these markets can be attributed to the rising animal population, increasing demand for animal-derived food products, growing per capita animal health expenditure (especially in India, Latin America, and China), growing pet adoption, and rising awareness regarding animal health and welfare.The market is dominated by IDEXX Laboratories, Inc. (U.S.), Abaxis, Inc. (U.S.), and Heska Corporation (U.S.).
