#Global Veterinary Chemistry Analyzer Market

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Global Veterinary Chemistry Analyzer Market Outlook, Size, Status, and Forecast to 2024

Global Veterinary Chemistry Analyzer Market Outlook, Size, Status, and Forecast to 2024

Global Veterinary Chemistry Analyzer Market – According to Data Bridge Market Research new Market report Trends and Forecast to 2024, the global veterinary chemistry analyzer market accounted to USD 9789.7 million in 2016 growing at a CAGR of 8.9% during the forecast period of 2017 to 2024.

Market Segmentation: 

The global veterinary chemistry analyzer market is segmented on the basis of product,…

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Global Veterinary Chemistry Analyzer Market to Grow at 7.8% CAGR through 2022

A new report titled “Veterinary Chemistry Analyzer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” projects global veterinary chemistry analyzer market to grow at 7.8% CAGR through 2022. The report offers detailed analysis on the key factors that are likely to impact the growth of the veterinary chemistry analyzer market during the assessment period. This comprehensive report has been added to the vast repository of Market Research Reports Search Engine (MRRSE).

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According to the report, growing emphasis on health and well-being of farm animals as well as pets is driving the growth of the veterinary chemistry analyzer market. Increasing demand for meat, eggs, and poultry is influencing farm owners to pay attention to the health and well-being of animals. The threat of a localized zoonotic disease transforming into a global epidemic is also influencing veterinary healthcare spending around the world. An emerging trend that is becoming pervasive is pet humanization. The pet humanization trend has created significant growth opportunities for healthcare providers, and the veterinary chemistry analyzer market is also likely to benefit from this.

The report offers detailed segmentation and analysis to give readers a lucid understanding of the key factors at play in the veterinary chemistry analyzer market. On the basis of product type, the market has been segmented into chemistry analyzers, urine analyzers, consumables, glucometers, and blood gas & electrolyte analyzers. The application type analysis includes the segments veterinary hospitals and veterinary clinics.

The adoption of veterinary chemistry analyzers is quite formidable in the veterinary hospitals segment. For farm and pet owners alike, veterinary hospitals remain the preferred destination for availing medical treatment. Sales of veterinary chemistry analyzers in veterinary hospitals are likely to remain dominant throughout the forecast period.

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By product type, the report expects consumables to remain one of the most dominant segments. Adoption of consumables in the veterinary hospitals will continue to fuel demand during the assessment period. In addition to consumables, the report expects glucometer to grow at the highest CAGR during the assessment period.

The report also offers detailed competitive landscape, offering insights on the product and business strategy of some of the leading companies in the market. The leading companies operating in the veterinary chemistry analyzer market are profiled in the report. Some of the key companies include Diasys Diagnostic Systems GmbH, Biochemical Systems International Srl, Arkray, Inc., Abaxis, Inc., Alfa Wassermann, Inc., Elitechgroup, Eurolyser Diagnostica GmbH, Chengdu Seamaty Technology Co., Ltd., Idexx Laboratories, Inc. Heska Corporation, and Randox Laboratories Ltd.

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Global Veterinary Chemistry Analyzer Market growing at a CAGR of 8.9% during 2017 to 2024

According to Data Bridge Market Research new Market report “Global Veterinary Chemistry Analyzer Market, By Product {Chemistry Analyzer, Glucometer, Consumables (Panel, Test Strip, Reagent)}; Application (Blood Chemistry Analysis, Urinalysis, Glucose Monitoring) ,Animal (Companion & Livestock), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Trends and Forecast to 2024”, the global veterinary chemistry analyzer market  accounted to USD 9789.7 million in 2016 growing at a CAGR of 8.9% during the forecast period of 2017 to 2024.

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Key Market points:

Global Veterinary Chemistry Analyzer Market – Key Market points:

Rise of animal-derived food products along with the animal population and pet adoption will increase the demand of veterinary chemistry analyzer market. Other factors which can fuel up the growth towards Global Veterinary Chemistry Analyzer Market is rise in animal health expenditure, growing demand for pet insurance, number of veterinary practitioners and many more. Feature such as full automatic, easy operation and accurate testing result too can attract to lead the demand for this product.

According to Global Pet Expo, American Pet Products Association (APPA) invested USD 60.28 billion in 2015, a record in the pet industry. Growth in this market can be attributed due to rising awareness about animal health, increasing demand for animal-derived food products and growing per capita animal health expenditure. In 2016, U.S. accounted for the largest share of global veterinary chemistry analyzers market.

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Global Veterinary Chemistry Analyzer Market – Market Segmentation:

The global veterinary chemistry analyzer market is segmented on the basis of product, application, and animals.

·         Product

·         Chemistry Analyzer

·         Glucometer

·         Consumables

·         Panel

·         Test Strip

·         Reagent

·         Application

·         Blood Chemistry Analysis

·         Urinalysis

·         Glucose Monitoring Animal

·         Companion

·         Livestock

Global Veterinary Chemistry Analyzer Market – Geographical Segmentation:

·         North America

·         South America

·         Europe

·         Asia-Pacific

·         Middle East and Africa

Global Veterinary Chemistry Analyzer Market – Competitive Landscape:

The Global Veterinary Chemistry Analyzer Market Report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. The report also covers the market shares for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America veterinary chemistry analyzer market.

Some of the major players operating in global veterinary chemistry analyzer market are :

·         Abaxis (U.S.)

·         Heska Corporation (U.S.)

·         IDEXX Laboratories, Inc. (U.S.)

·         Randox Laboratories Ltd. (U.K.)

·         Eurolyser Diagnostica GmbH (Austria)

·         ARKRAY (Japan)

·         Diconex SA (Argentina)

·         Alfa Wassermann Inc. (U.S.)

·         Chengdu Seamaty Technology Co., Ltd.(China)

·         DiaSys Diagnostic Systems, GmbH, (Germany)

·         Biochemical Systems International Srl (Italy)

·         URIT Medical Electronic Group Co. Ltd (China)

·         ELITechGroup (France)

·         Among others.

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Browse Related Reports:

Global Clinical Chemistry Analyzer Market, By Product type (Consumables and Accessories (Reagents, Assay Kits, Microplates, Accessories), Instruments (Spectrophotometers, Flow Cytometers, Hematology Analyzers, Cell Counters), By End-User (Hospitals, Diagnostic Centers, Research Institutions, Pharmaceutical and Biotechnology Companies), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

http://databridgemarketresearch.com/reports/global-clinical-chemistry-analyzer-market/

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Veterinary Chemistry Analyzers Market is Expected to Show Impressive Growth Rate Between 2021 to 2025

The conductivity of assays and biochemical testing in veterinary medicine is vital for the diagnosis, monitoring, prevention, and treatment of diseases in animals.       Rising animal disease prevalence, rising zoonotic disease cases (animal to human transmission), rising pet ownership, rising demand for meat and animal-based products, use of animals in agriculture, accessibility and affordability of treatment options, rising awareness of animal health and welfare, and rising adoption rates are the main factors propelling the global Veterinary Chemistry Analyzers Market. Veterinary chemistry analyzers are veterinary medical products used for this purpose.

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Companion Animal Diagnostics Market Forecast, Trend, Analysis 2028

According to the latest study on “Companion Animal Diagnostics Market Forecast to 2027 - Covid-19 Impact and Global Analysis by Technology, Application, Animal Type, and End User", the global companion animal diagnostics market was valued at US$ 2,031.62 million in 2019 and is projected to reach US$ 2,684.86 million by 2027; it is expected to grow at a CAGR of 4.1% during 2020–2027. The report highlights trends prevailing in the global companion animal diagnostics market and the factors driving market along with those that act as hindrances.

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The companion animal diagnostics market is expected to grow owing to factors such as growing prevalence of chronic diseases in pet animals and increasing adoption of pets for companionship. However, increasing pet care costs and extended pet lifespan are likely to restrain the growth of the market during the forecast period.

Zoetis Inc., IDEXX laboratories, Inc, Thermo Fisher Scientific Inc, Virbac, Randox Laboratories Ltd, idvet, IDEXX Laboratories, Inc, Heska Corporation, Fujifilm Corporation, and Skyla Corporation are among the leading companies operating in the companion animal diagnostics market.

Based on technology, the global companion animal diagnostics market is segmented into immunodiagnostics, clinical biochemistry, hematology, urinalysis, molecular diagnostics, and others. The immunodiagnostics segment is further sub-segmented into lateral flow assays, Elisa tests, allergen-specific immunodiagnostic tests, and immunoassay analyzers. Whereas the clinical biochemistry is sub-segmented into clinical chemistry analysis, glucose monitoring, and blood gas electrolyte analysis. The immunodiagnostics segment held a largest share of the market in 2019. However, the clinical biochemistry segment is estimated to register a higher CAGR during the forecast period owing to increasing adoption of clinical chemistry analysis, glucose monitoring, and blood gas electrolyte analysis products.

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The report segments global companion animal diagnostics Market as follows:

By Technology

Immunodiagnostics

Lateral Flow Assays

Elisa Tests

Allergen-Specific Immunodiagnostic Tests Diagnostics

Immunoassay Analyzers

Clinical Biochemistry

Clinical Chemistry Analysis

Glucose Monitoring

Blood Gas Electrolyte Analysis

Hematology

Urinalysis

Molecular Diagnostics

Others

By Application

Bacteriology

Clinical Pathology

Virology

Parasitology

Others

By Animal Type

Dogs

Cats

Horses

Others

By End User

Diagnostic Laboratories

Veterinary Hospitals and Clinics

Research Institutes and Universities

By Geography

North America

US

Canada

Mexico

Europe

France

Germany

UK

Spain

Italy

Asia Pacific (APAC)

China

India

Japan

Australia

South Korea

Middle East and Africa (MEA)

Saudi Arabia

UAE

South Africa

South and Central America (SCAM)

Brazil

Argentina

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[healthinfotech]

Companion Animal Diagnostics Market Projected to Reach US$ 2,684.86 million by 2027

The companion animal diagnostics market was valued at US$ 2,031.62 million in2019 and is projected to reach US$ 2,684.86 million by 2027; it is expected to grow at a CAGR of 4.1%from 2020to 2027.

The companion animal diagnostics market offerings deal with the epidemiology and pathogenesis of domestic animals and facilitate the prevention of further complications with the health of pets and their owners. The companion animal diagnostics market is expected to witness huge growth due to growing prevalence of chronic diseases in pet animals and increasing adoption of pets for companionship. However, increasing pet care costs and extended pet lifespan are expected to restrain the growth of the market during the forecast period.

 Growing Prevalence of Chronic Diseases in Pet Animals

Similar to humans, animals too suffer from chronic diseases. Arthritis and other orthopedic conditions, chronic kidney disease, cancer, hepatitis and other liver diseases, skin allergies, diabetes mellitus, inflammatory bowel disease, and thyroid disorders are among the common chronic diseases in pets. Cancer is widespread in animals and affects pet as well as wild animals. Animals have been diagnosed with various types of cancer till date, which have symptoms similar to humans, including weight loss, abnormal swelling, and lethargy. As per the veterinary cancer society, cancer is a leading cause of death in 47% of dogs, especially in dogs of age >10 years, and 32% of cats. Further, FETCH a Cure, a nonprofit organization, has estimated that over 6 million dogs and ~6 million cats would be diagnosed with cancer in 2020. Furthermore, as per the Pet Cancer Facts and Figures, one in four dogs and one in five cats develop cancer in their lifetime. According to the association for pet obesity prevention (APOP), in 2018, ~55.8% of dogs and 59.5% of cats in the US were overweight or obese.

Based on technology, the global companion animal diagnostics market is segmented into immunodiagnostics, clinical biochemistry, hematology, urinalysis, molecular diagnostics, and others. The immunodiagnostics segment is further sub-segmented into lateral flow assays, Elisa tests, allergen-specific immunodiagnostic tests, and immunoassay analyzers. Whereas the clinical biochemistry is sub-segmented into clinical chemistry analysis, glucose monitoring, and blood gas electrolyte analysis. The immunodiagnostics segment held a largest share of the market in 2019. However, the clinical biochemistry segment is estimated to register a higher CAGR during the forecast period owing to increasing adoption of clinical chemistry analysis, glucose monitoring, and blood gas electrolyte analysis products.

 The companion animal diagnostics market is expected to grow owing to factors such as growing prevalence of chronic diseases in pet animals and increasing adoption of pets for companionship. However, increasing pet care costs and extended pet lifespan are likely to restrain the growth of the market during the forecast period.

 Zoetis Inc., IDEXX laboratories, Inc, Thermo Fisher Scientific Inc, Virbac, Randox Laboratories Ltd, idvet, IDEXX Laboratories, Inc, Heska Corporation, Fujifilm Corporation, and Skyla Corporation are among the leading companies operating in the companion animal diagnostics market.

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Veterinary Laboratory Testing Market Size, Scope, Growth, Competitive Analysis 2027

Market Highlights

The global Veterinary Laboratory Testing Service Market is expected to grow at a CAGR of 10.1% during the forecast period.

Primary Drivers and Barriers

The mounting number of surgeries of pets, particularly in emerging nations facilitates the growth of the veterinary laboratory testing market. The key surgical procedures are dental, cataract, wound repair, hip dysplasia, and spay or neuter. Other factors include dramatic growth in the number of veterinary laboratory practitioners and the surge in technological advances in terms of new products and tools. The market growth is further bolstered by the escalation in health insurance for animals, burgeoning population of companion animals along with the soaring number of government initiatives to deal with the surge in zoonotic diseases.

Significant rise in periodontal issues among pets paired with the huge preference for high quality diagnostic testing options drives the global market growth. The rise in oral surgeries as well as periodontal surgeries has raised the demand for veterinary laboratory testing services.

Health issues such as obesity among pets and companion animals have surged considerably over the years, leading to heart diseases, diabetes, dental problems, and osteoarthritis. Majority of these conditions boost the need for veterinary laboratory testing services. Huge breakthroughs within the veterinary field benefits the global industry as well.

Regional Study

North America secures the lead in the global market for veterinary surgical instruments study guide, given the surging use of diagnostic tests as animal diseases continue to rise in the region. The lead has been taken by the United States, on account of the surging awareness level among the population about the latest laboratory-based diagnostics for their pets. The significant rise in technological advances in veterinary diagnostics is bound to raise the market demand in the following years.

Europe forms the second biggest market for veterinary laboratory testing services, in view of the surge in technical developments and the rising awareness among people. The burgeoning pool of animals like buffaloes, goats, and cow affected by different diseases would elevate the market position more in the years to come.

In Asian countries, the veterinary laboratory testing market is relatively new, but the progress rate in the years ahead is expected to be quite significant. Diseases such as rabies, which require detection via veterinary testing, are very commonly left undiagnosed in the region, leading to several deaths. As a result, countries like India have been increasingly adopting veterinary laboratory testing services and equipment to address the issue. Segmentation

The global veterinary laboratory testing market has been segmented into animal type, technology, product, and end user.

The market, on the basis of animal type, has been segmented into companion animal and livestock animal. The companion animal segment is further classified as dogs, cats, horses and others. The livestock animal segment is further classified as cattle, pigs, poultry and others.

The market, by technology, has been segmented into clinical biochemistry, immunodiagnostics, hematology, molecular diagnostics, urinalysis, and others.

The clinical biochemistry segment is further classified as clinical chemistry analysis, glucose monitoring, and blood gas & electrolyte analysis. The clinical chemistry analysis segment includes clinical chemistry reagent clips and cartridges and clinical chemistry analyzers. The glucose monitoring segment includes blood glucose strips, glucose monitors and urine glucose strips. The blood gas & electrolyte analysis segment includes blood gas and electrolyte reagent clips and cartridges and blood gas & electrolyte analyzers.

The immunodiagnostics segment is further classified as ELISA tests, lateral flow assays, allergen-specific immunodiagnostic tests, immunoassay analyzers, and others. The lateral flow assays segment includes lateral flow rapid tests, and lateral flow strip readers.

The hematology segment is further classified as hematology cartridges, and hematology analyzers.

The molecular diagnostics segment is further classified as polymerase chain reaction (PCR) tests, microarrays, and others.

The urinalysis segment is further classified as urinalysis clips & cartridges/panels, urine analyzers, and urine test strips.

The market, by product, has been segmented into consumables and instruments.

The market, by end user, has been segmented into veterinary hospitals & clinics, in-house testing, research institutes, diagnostic laboratories, and others. The veterinary hospitals & clinics segment held the largest segment of the market in 2017. This can be attributed to the increasing incidence of zoonotic diseases. On the other hand, the academic institutes segment is estimated to be the fastest growing segment.

Key Players

Some of the prominent players in the global veterinary laboratory testing market are Abaxis, Inc., BIOCHECK Inc., Biomérieux SA, Henry Schein, Inc., Heska Corporation, Idexx Laboratories, Idvet, Neogen Corporation, Pfizer, Qiagen N.V., Randox Laboratories, Ltd., Thermo Fisher Scientific, VCA Inc., Virbac, Zoetis, Inc. and others.

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Companion Animal Diagnostics Market Growth to be Affected by Consolidation of Leading Vendors

Transparency Market Research (TMR) has published a new report on the companion animal diagnostics market for the forecast period of 2019–2027. According to the report, the global companion animal diagnostics market was valued at ~US$ 2.3 Bn in 2018 and is projected to expand at a CAGR of ~9% from 2019 to 2027.

Global Companion Animal Diagnostics Market: Overview

· Expansion of the global companion animal diagnostics market can be attributed to a rise in the incidence of obesity and other diseases in companion animals and increasing pet ownership.

· North America dominated the global companion animal diagnostics market in 2018, and the trend is anticipated to continue during the forecast period. Highly structured healthcare industry, early new product adoption, and presence of major market players are expected to drive the market in North America.

· Asia Pacific is expected to be a highly lucrative market for companion animal diagnostics, expanding at a high CAGR during the forecast period.

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Clinical biochemistry to Dominate Companion Animal Diagnostics Market

· The clinical biochemistry segment dominated the global companion animal diagnostics market in 2018, and the trend is likely to continue during the forecast period. Clinical biochemistry tests refer to blood tests or lab tests that help gain information about the health of the companion animal. Clinical biochemistry also includes glucose analysis, electrolyte analysis and others. Increasing demand and popularity of chemistry analyzers and glucose monitoring devices in disease diagnosis drives the segment. Moreover, the high preference for various advanced clinical diagnostic products by veterinarians, pet owners, and laboratory technicians is likely to fuel the clinical biochemistry segment in the next few years.

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Companion Animal Diagnostics Market: Clinical Pathology to Offer Lucrative Opportunities

· In terms of application, the global companion animal diagnostics market is divided into clinical pathology, bacteriology, parasitology, and others.

· The clinical pathology segment includes cytopathology, hematology, clinical chemistry, immunohematology, coagulation, urinalysis, endocrinology, and general pathology. The clinical pathology segment dominated the global companion animal diagnostics market due to a rise in the demand for diagnostic products and consumables needed to be used during pathology testing, and an increase the number of pathology tests performed on pets.

· Bacteriology is estimated to be a highly lucrative segment of the companion animal diagnostics market during the forecast period. Bacteriology refers to the diagnosis of various bacterial diseases and infection in companion animals. Bacteriology tests include bacterial pathogens testing in blood or serum samples, and aerobic and anaerobic culture testing.

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Veterinary Reference Laboratories Account for Major Market Share

· The veterinary reference laboratories segment dominated the global companion animal diagnostics market, in terms of revenue, in 2018. The trend is projected to continue during the forecast period. Increase in the number of veterinary reference laboratories across globe and availability of new advanced tests are likely to propel the segment. Furthermore, veterinary reference laboratories provide veterinary diagnostics to pet owners, and government-related programs or research collaborations are likely to boost the veterinary reference laboratories segment in the companion animal diagnostics market during the forecast period.

· Veterinary hospitals and clinics is projected to be the second-most lucrative segment of the global companion animal diagnostics market during the forecast period. The segment is expected to expand at a significant CAGR from 2019 to 2027, as veterinary hospitals and clinics provide diverse veterinary diagnostic services for companion animals, and also provide advanced diagnosis testing.

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North America to Dominate Global Companion Animal Diagnostics Market

· North America accounted for a major share of the global companion animal diagnostics market in 2018, owing to an increase in pet ownership, pet insurance, and presence of major manufacturers in the region. According to North American Pet Health Insurance Association (NAPHIA) reports, the total number of pets insured in the U.S. and Canada reached 2.43 million at year-end 2018, an increase of 17% from 2017.

· The companion animal diagnostics market in Asia Pacific is likely to expand at a high CAGR from 2019 to 2027. This can be attributed to an increase in the number of companion animals in countries such as China and Japan, improvement of healthcare infrastructure in terms of better facilities, and a rise in the demand for advanced products in the region.

Global Companion Animal Diagnostics Market: Competitive Landscape

· The global companion animal diagnostics market is fragmented in terms of number of players. Key players operating in the global companion animal diagnostics market include Heska Corporation, IDEXX Laboratories, Inc., Thermo Fisher Scientific, Inc., QIAGEN N.V., Zoetis, Inc., Neogen Corporation, bioMérieux SA, Randox Laboratories Ltd., and Virbac.

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