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.
Full research report on veterinary chemistry analyzers marke analysis:
https://www.grandviewresearch.com/industry-analysis/veterinary-chemistry-analyzer-market
https://www.grandviewresearch.com/industry-analysis/veterinary-chemistry-analyzer-market
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.
View
more reports of this category by Grand View Research at https://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
View Press Release of this research
report by Grand View Research: https://www.grandviewresearch.com/press-release/global-veterinary-chemistry-analyzer-market
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
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
