The growth in a number of veterinary practitioners and their income levels in developed economies driving 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, and However, increasing pet care costs may hinder the growth of this market to a certain extent.
The Global veterinary chemistry analyzers Market is estimated to grow at a CAGR of 8.7% to reach USD 1,205.2 Million.
Veterinary Chemistry Analyzer Market Segmentation:
The veterinary chemistry analyzer market is segmented on the basis of product, application, animal type, and region.
On the basis of product, the market is segmented into instruments and consumables. Based on application, this market is categorized into blood chemistry analysis, urinalysis, glucose monitoring, and blood gas & electrolyte analysis.
On the basis animal type, the market is segmented into companion animals and livestock.the veterinary chemistry analyzer market is segmented into companion animals and livestock. Growing pet population, rising pet ownership, increased demand for pet insurance, and rising pet healthcare expenditure are the major driving factors driving the growth of this segment.
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Veterinary Chemistry Analyzer Market Geographic Analysis:
The developed market includes the U.S., Canada, Germany, the U.K., France, Italy, Spain, and Japan while the emerging market includes China, India, and Latin America. In 2016, the U.S. attributed the largest share of the developed market owing to its well-established animal healthcare systems. The large share of this regional market segment is driven by increasing demand for animal-derived food products
Major Key Players in Veterinary Chemistry Analyzer Market:
The market is dominated by 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.), Chengdu Seamaty Technology Co., Ltd. (China), Biochemical Systems International Srl (Italy), ELITechGroup (France)
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