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Veterinary Biochemistry Analyzers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023

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Veterinary Biochemistry Analyzers Market: Overview

Veterinary biochemistry analyzers enable testing to be performed quickly and accurately for immediate diagnosis and health check for animals. They are also used in emergency situation, and routine testing. Increasing incidences of disease outbreak in animals and technological advancements are expected to drive the veterinary biochemistry analyzers market. Additionally, growing awareness regarding animal health and rise in investment opportunities together form strong market prospects for veterinary biochemistry analyzers, especially in the developing countries.

The threats such as foot and mouth disease (FMD), as well as agents that affect animals and humans, such as bovine tuberculosis and paratuberculosis, anthrax, avian influenza, bovine spongiform encephalopathy (BSE) and West Nile virus are responsible for rise in importance of need for veterinary disease diagnostics eventually propelling the market growth.

Most veterinary laboratories typically provide a basic panel of tests. The veterinary biochemistry analysis may be performed in-house at the veterinarian's clinic or at a specialized test facility in another location depending on the need of test type to be performed as well as availability of equipment in that particular facility. Advancements in the analyzers technology is anticipated to fuel fueled the market growth due to the availability of faster and cheaper microchips with increase in acceptance level of pet owners for laboratory testing.

Veterinary Biochemistry Analyzers Market: Segmentation

The global veterinary biochemistry analyzers market can be segmented on the basis of product type, test type, animal type, end-users and geography. Test types include clinical chemistry, critical care and blood gases, electrolytes, glucose, lactate and blood and urine tests. Other tests include: tests for anemia, endocrine function; cancer, viral pathogens such as calicivirus (CaCV), canine adenovirus type-1 (CAV-1), coronavirus, adenovirus, parvovirus, rotavirus, rabies, West Nile Virus, etc.; and bacteria and parasites such as E. coli, heartworm, cryptosporidia, hookworm, leptospirosis, leishmania, Lyme disease, tapeworm and roundworm. Chemical analysis of urine may include determination of specific gravity and pH level, measurement of the amount of glucose, protein, or fragmented blood cells, assisting in identification of injury, disease, or defects.

Analysis of the numbers and structure of blood cells is important in the diagnosis and monitoring of disease and infection. Blood samples are usually taken by the veterinarian or a veterinary technician for analysis. Product types include fully automated analyzers, semi-automated analyzers, hematology analyzers, urine analyzers amongst others.

End-users segment includes veterinary clinics, pet hospitals and animal research institutes. Companion animal and farm animal form two segments for animal type.

Veterinary Biochemistry Analyzers Market: Region-wise Outlook

Geographically, the veterinary biochemistry analyzers market across the globe can be segmented into four major regions, namely, North America, Europe, Asia Pacific and Rest of the World.  North America is expected to lead the market with maximum share followed by Europe attributed to the increasing companion animal population and positive trends towards healthcare expenditure for animals in these regions.

Veterinary Biochemistry Analyzers Market: Key Entities

Major players contributing to the global veterinary biochemistry analyzers comprise Abaxis,Inc., Heska, Diagno-Vision Products Corporation, Idexx Laboratories, Inc., Mindray Medical International Limited, Neogen Corporation, Thermo Fischer Scientific, Virbac SA, Woodley Equipment Company Ltd., Zoetis, Inc.

Univerities such as the University of Minnesota Veterinary Diagnostic Laboratory (VDL), which is fully accredited by the American Association of Veterinary Laboratory Diagnosticians, provide quality diagnostic services such as bacteriology, necropsy, electron microscopy, serology, clinical chemistry, histopathology, endocrinology, virology, immunohistochemistry, parasitology, toxicology and molecular diagnostics. VDL is also engaged in training future diagnosticians and veterinarians.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain

Regional analysis includes:

  • North America
  • Latin America
  • Asia Pacific
  • Japan
  • Western Europe
  • Eastern  Europe
  • Middle East & Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

Report highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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