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Published Date: 2017-11-28Number of Pages: 170

Veterinary Chemistry Analyzer Market (Product Type - Chemistry Analyzers, Urine Analyzers, Glucometers, Blood Gas & Electrolyte Analyzers, Consumables; Application Type - Veterinary Hospitals, Veterinary Clinics, Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022

Growing population of animals and surge in adoption of pets is expected to impact growth of the global market. With the increasing adoption of pet, demand for healthcare maintenance and pet insurance will continue to increase. Prevalence of zoonotic diseases has led to surge in awareness regarding animal healthcare. Growing need for animal healthcare will continue to rev up demand for veterinary chemistry analyzer in the global market. Moreover, increasing number of veterinary practitioners is likely to boost sales of the veterinary chemistry analyzer in the global market. Bound to these factors, the global veterinary chemistry analyzer market is expected to witness significant growth during the forecast period.

veterinaryp chemistry analyzer market

 

According to Transparency Market Research, the global veterinary chemistry analyzer market is expected to represent a value of over US$ 1,100 Mn by the end of 2022.

Market Taxonomy

Region

Product Type

Application Type

North America

Chemistry Analyzers

Veterinary Hospitals

Latin America

Urine Analyzers

Veterinary Clinics

Europe

Glucometers

Others

Japan

Blood Gas & Electrolyte Analyzers

 

APEJ

Consumables

 

MEA

 

 

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Medical Tests to Boost Demand for Veterinary Chemistry Analyzers

Conducting hematology tests has continued to fuel demand for the veterinary chemistry analyzer globally. As the need to maximize the testing flexibility and delivering accurate results arises, demand for the veterinary chemistry analyzer is expected to rev up during the forecast period. Preference for consuming animal-derived food products will continue to increase in the food industry. Imposition of FDA regulations against contamination and illegal residue in the edible animal products has further contributed towards growth of the global veterinary chemistry analyzer market during the forecast period. Bound to these factors, demand for veterinary chemistry analyzer is expected to increase in the global market.

 Zoonotic Diseases to Impact Growth of Global Market

Prevalence of the zoonotic diseases is further expected to contribute towards growth of the global veterinary chemistry analyzer market. According to recently published report by CDC, every year tens of thousands of Americans will get sick from zoonotic diseases that spreads between animals and people. Salmonella infection, E. Coli infection, chickungunya, dengue and malaria are some of the common and severe zoonotic diseases. According to World Health Organization (WHO), malaria caused 212 million clinical episodes and 429,000 deaths in 2015. As the need for various control measure for the zoonotic diseases arise, demand for the veterinary chemistry analyzers is expected to increase. Surge in demand for convenient and cheap rapid diagnostic tests is expected to impact growth of the global veterinary chemistry analyzer market positively.

Veterinary Hospitals to Represent a Leading Segment

Growing preference for animal derived food products, demand for consumables continue to increase in the global market. On the basis of product type, the consumable segment is expected to generate significant revenues, accounting for a value of over US$ 180 Mn by the end of 2022. On the other hand, the glucometer product type segment is expected to register the highest CAGR throughout the forecast period.

Based on application type, the veterinary hospitals segment is expected to represent the highest revenue growth, recording a value of nearly US$ 180 Mn by the end of 2017. The veterinary hospitals application type segment is further expected to register a robust CAGR through 2022.

Competition Tracking

Leading market players operating in the global veterinary chemistry analyzer market include Abaxis, Inc., Alfa Wassermann, Inc., Arkray, Inc., Biochemical Systems International Srl, Chengdu Seamaty Technology Co., Ltd., Diasys Diagnostic Systems GmbH, Elitechgroup, Eurolyser Diagnostica GmbH, Heska Corporation, Idexx Laboratories, Inc. and Randox Laboratories Ltd.

Global Veterinary Chemistry Analyzers Market: Overview

The global veterinary chemistry analyzer market is expected to witness a robust growth due to growing prevalence of zoonotic diseases such as chickungunya and malaria globally. In addition, surge in consumption of animal driven food products is expected to impact growth of the global veterinary chemistry analyzer market. With the growing demand for conducting medical tests such as hematology test is expected to fuel sales of the veterinary chemistry analyzers globally. Moreover, surge in demand to test the animal driven medications and animal health is expected to contribute towards growth of the global veterinary chemistry analyzers market. Increasing awareness regarding animal healthcare is likely to rev up sales of the veterinary chemistry analyzers globally.

The report offers in-depth insights on the important aspects of the global veterinary chemistry analyzers market and provides information regarding data regarding the growth patterns, competitive landscape, factors fuelling global market growth and important segment.

Global Veterinary Chemistry Analyzers Market: Dynamics

Growth of the global veterinary chemistry analyzers market is mainly bound to various micro-economic and macro-economic factors. The report further reveals that the global veterinary chemistry analyzers market is mainly driven by growing prevalence of the zoonotic diseases such as malaria and chikungunya. Adoption of pets has led to growing awareness about the animal healthcare management globally. Increasing awareness regarding animal healthcare and surge in adoption of pets has fuelled growth of the global veterinary chemistry analyzers market.

As need for conducting various medical tests arises, veterinary practitioners continue to witness demand for the veterinary chemistry analyzer. Growing need to conduct the hematology tests will further continue to rev up demand for veterinary chemistry analyzers in the global market. In order to deliver accurate results and maximize the testing flexibility, practitioners are increasingly opting for veterinary chemistry analyzers in the global market. Imposition of regulations by the FDA regarding contamination in the animal derived food products is further expected to contribute towards growth of the global market.

Global Veterinary Chemistry Analyzers Market: Competition

In the next section, the global veterinary chemistry analyzers market is segmented into product type, application type and region. On the basis of product type, the global market is segmented into chemistry analyzers, urine analyzers, glucometers, blood gas & electrolyte analyzers and consumables. Based on application type, the global market is segmented as veterinary hospitals, veterinary clinics and others. By region, the global market is segmented as North America, Latin America, Europe, Japan, APEJ and MEA. 


 
 
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