San
Francisco, 22 January, Veterinary Chemistry Analyzer Market
Analysis Report By Type (Benchtop, Portable), By Product, By Application (Blood
Chemistry, Glucose Monitoring, Urinalysis, Blood Gas Analysis), By End-Use, And
Segment Forecasts, 2018 - 2025
The global veterinary chemistry analyzers market size is expected to reach USD
1.3 billion by 2025, according to a new report by Grand View Research, Inc.,
progressing at a CAGR of 8.2% during the forecast period. Rising animal
healthcare expenditure and increasing pet ownership are some of the major
factors contributing to the growth of the market.
Increasing incidence of
zoonotic diseases is one of the key trends escalating market growth. According
to an article published in the Centers for Disease Control and Prevention (CDC)
in 2017, scientists estimated that 3 out of every 4 emerging infectious
diseases in people are transmitted through animals, and more than 6 out of
every 10 known infectious diseases in people are transmitted through animals.
Increasing demand for animal
proteins is leading to a global rise in livestock production and increase in
exports of animal products. Rising disposable income and changing lifestyles
are stirring up the demand for animal-derived food products.
According to the American Pet
Products Association (APPA), the U.S. pet food sales doubled to USD 22 billion
from 2000 to 2014 and are expected to rise at a CAGR of 2.5%. According to Mintel,
in 2014, 79.0% of the U.S. pet owners considered the quality of pet food
products is as important as their own.
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Report On Veterinary Chemistry Analyzer Market Analysis:
Further key findings from the report suggest:
·
Benchtop analyzers were the
largest segment, based on type, in 2016 due to their accuracy and precision.
Portable analyzers are anticipated to witness remarkable growth owing to
surging demand for shorter analysis time and quicker results
·
The consumables segment was the
largest as well as the fastest growing segment during the forecast period due
to the ability of consumables to create a standardized workflow and
advancements such as ready-to-use liquid reagents
·
Blood chemistry dominated the
application segment owing to increasing number of veterinary practitioners
globally
·
The hospitals segment held the
largest market share in 2016 and is expected to exhibit a noteworthy CAGR over
the forecast period due to increasing demand for in-house analyzers
·
North America accounted for
approximately 40.0% of the market in 2016, owing to increasing incidence of
zoonotic diseases and growing demand for pet insurance
·
Asia Pacific is anticipated to
witness healthy growth over the next decade due to increasing pet ownership in
countries such as India and China. It is expected to rise at a CAGR of 9.4%
over the forecast period
·
Key players including IDEXX
Laboratories, Inc.; Abaxis; URIT Medical; Randox Laboratories Ltd.; Heska
Corporation; and Eurolyser Diagnostica GmbH dominated the veterinary chemistry
analyzers market in 2016.
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Grand View Research At: www.grandviewresearch.com/industry/healthcare
Grand View Research has segmented the
global veterinary chemistry analyzers market on the basis of type, product,
application, end-use, and region:
Veterinary Chemistry Analyzers
Type Outlook (Revenue, USD Million, 2014 - 2025)
·
Benchtop
·
Portable
Veterinary Chemistry Analyzers
Product Outlook (Revenue, USD Million, 2014 - 2025)
·
Consumables
o
Reagents
o
Panels
o
Strips
·
Instruments
o
Blood Chemistry Analyzers
o
Urine Analyzer
o
Blood Gas & Electrolyte
Analyzer
o
Glucometers
Veterinary Chemistry Analyzers
Application Outlook (Revenue, USD Million, 2014 - 2025)
·
Blood Chemistry Analysis
·
Urinalysis
·
Blood Gas & Electrolyte
Analysis
·
Glucose Monitoring
Veterinary Chemistry Analyzers
End-Use Outlook (Revenue, USD Million, 2014 - 2025)
·
Hospitals
·
Clinical Laboratories
Veterinary Chemistry Analyzers
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
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About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
