The growth in the number of veterinary practitioners and their income levels in developed economies are driving the growth of the global veterinary chemistry analyzers market.
Factors such as an increase in animal population, growing pet adoption, rising demand for animal-derived food products, increasing incidence of zoonotic diseases, growing demand for pet insurance, rising animal health expenditure.
The overall Veterinary Chemistry Analyzer Market is expected to grow at a CAGR of 8.7% to reach $1,205.2 million market capitalization.
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Veterinary Chemistry Analyzer Market by Application:
On the basis of application, the market is categorized into blood chemistry analysis, urinalysis, glucose monitoring, and blood gas-electrolyte analysis.
The blood chemistry analysis segment accounted for the largest share in 2016, while the glucose-monitoring segment is expected to witness the highest growth during the forecast period. The veterinary chemistry analyzer market is further segmented, on the basis of animal type, into companion animals and livestock.
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Research Methodology Adopted for Veterinary Chemistry Analyzer Market:
Top-down and bottom-up approaches were used to validate the size of the global veterinary chemistry analyzer market and estimate the size of various other dependent submarkets. This study estimates the market size for 2017 and projects its demand until 2022.
The major players in the veterinary chemistry analyzer market were identified through secondary research and their market revenues were determined through primary and secondary research. Secondary research included the study of the annual and financial reports of the top market players, whereas primary research included extensive interviews with the key opinion leaders such as CEOs, directors, and marketing executives.
Geographic Analysis
- A further breakdown of the emerging market into Brazil, Mexico, Argentina, and other emerging markets.
- The further breakdown of the developed market into Belgium, the Netherlands, Australia, New Zealand, and other developed markets.
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Major key Players in veterinary chemistry analyzer market:
Major players are continuously focusing on achieving higher market shares through new product launches, agreements, partnerships, acquisitions, and expansions
Some of the prominent players in this market are IDEXX Laboratories, Inc. (U.S.), Abaxis, Inc. (U.S.), and Heska Corporation (U.S.). Some of the other players competing in this market are Randox Laboratories Ltd. (U.K.), ARKRAY, Inc. (Japan), Eurolyser Diagnostica GmbH (Austria), Alfa Wassermann Inc. (U.S.), DiaSys Diagnostic Systems, USA, LLC (U.S.).
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