Veterinary Chemistry Analyzer Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LONDON, GREATER LONDON, UK, August 9, 2024 /EINPresswire.com/ -- The veterinary chemistry analyzer market has experienced robust growth in recent years, expanding from $1.78 billion in 2023 to $2.01 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to increasing pet ownership, advancements in veterinary care, prevalence of animal diseases, focus on preventive healthcare, rise in livestock farming.
Strong Future Growth Anticipated
The veterinary chemistry analyzer market is projected to continue its strong growth, reaching $3.07 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to rapid growth in pet insurance, emergence of point-of-care testing, integration of connectivity and data management, focus on personalized veterinary medicine, expansion of research and development, increasing awareness of zoonotic diseases veterinary diagnostics.
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Growth Driver Of The Veterinary Chemistry Analyzer MarketAn increase in pet adoption is expected to propel the growth of the veterinary chemistry analyzer market. Pet adoption is taking responsibility for a pet animal, typically a dog, cat, or other domesticated animals, by providing it with a permanent home and caring for its needs. With more people adopting pets and seeking veterinary care, the demand for precise and fast diagnostic equipment to diagnose and treat animal ailments grows. Veterinary chemistry analyzers are vital for veterinary clinics and laboratories as they allow quick and accurate examination of animal blood, urine, and other fluids.
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Major Players And Market TrendsKey players in the veterinary chemistry analyzer market include IDEXX Laboratories Inc., Arkray Inc., Heska Corporation, Alfa Wassermann Inc., Randox Laboratories, Eurolyser Diagnostica GmbH.Technological advancement is a key trend in the veterinary chemistry analyzer market. Major players are focusing on introducing new and advanced technologies to strengthen their position in the market.
Segments:1) By Type: Benchtop, Portable2) By Product: Instruments, Consumables3) By Animal: Companion Animals, Livestock4) By Application: Blood Chemistry Analysis, Urinalysis, Glucose Monitoring, Blood Gas And Electrolyte Analysis5) By End Use: Veterinary Hospitals and Clinics, Point-Of-Care Testing, Other End Uses
Geographical Insights: North America Leading The MarketNorth America was the largest region in the veterinary chemistry analysis market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global veterinary chemistry analyzer market report forecast period. The regions covered in the veterinary chemistry analyzer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Veterinary Chemistry Analyzer Market DefinitionVeterinary chemistry analyzer can be defined as an instrument used for testing the blood and urine for accurate results for animal health diagnosis. It offers a scientific foundation for disease identification and alternative diagnosis options.
Veterinary Chemistry Analyzer Global Market Report 2024 from The Business Research Company covers the following information:• Market size data for the forecast period: Historical and Future• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.The Veterinary Chemistry Analyzer Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on veterinary chemistry analyzer market size, veterinary chemistry analyzer market drivers and trends, veterinary chemistry analyzer market major players, veterinary chemistry analyzer competitors' revenues, veterinary chemistry analyzer market positioning, and veterinary chemistry analyzer market growth across geographies. The veterinary chemistry analyzer market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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August 09, 2024, 10:54 GMT
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