Veterinary Chemistry Analyzer Market Size
veterinary chemistry analyzer Rising investment in the animal health sector is expected to drive market size estimated over USD 1.4 billion in 2022 to rise at 8.4% CAGR by 2032.
To get key market trends
In veterinary medicine, a veterinary chemistry analyzer is a diagnostic instrument for blood, urine, and other body fluid analysis from animals. It finds the amounts of several chemicals including enzymes, proteins, electrolytes, and metabolites in the sample by means of several biochemical and immunological techniques.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Veterinary Chemistry Analyzer Market Size in 2022 | USD 1.4 billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 8.4% |
| 2032 Value Projection | USD 31 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 260 |
| Tables, Charts & Figures | 550 |
| Segments covered | Type, Product, Animal type, End-use, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Veterinary Chemistry Analyzer Market Trends
The direction of veterinary chemistry analyzer market is being driven by growing frequency of animal diseases and disorders. For instance, the rising frequency of heartworm illness in dogs has created more demand for diagnostic tests meant to find the condition.
Veterinary Chemistry Analyzer Market Analysis
Learn more about the key segments shaping this market
Rising gains for point-of-care testing, a growing pet population, and an increase in the prevalence of chronic diseases such diabetes and kidney disease, which are common in companion animals, and diagnostic testing is vital in managing these conditions; thus, the veterinary chemistry analyzer market share from the consumables segment is expected to grow at a CAGR of more than 8.8% by 2032.
Learn more about the key segments shaping this market
Driven by factors including growing pet ownership, rising incidence of chronic disease, and growing relevance of preventative therapy, veterinary chemistry analyzer market from companion animal sector will have the greatest CAGR through 2032. Regular checkups and diagnostic tests to identify any health issues as early as possible constitute part of preventative care, which owners of companion animals are more and more focused on. As demand for specialized veterinary treatment, including cancer and dermatitis, increases, so does the necessity for better diagnostic tools including chemical analyzers.
Looking for region specific data?
North America veterinary chemistry analyzer market accounted for more than USD 527.2 million in 2022 and is estimated to witness significant growth during the forecast period. The regional growth is attributed to the large pet population, and there has been a growing trend of pet owners seeking out preventive care and regular check-ups for their animals. This has led to an increased progress for diagnostic tools, including chemistry analyzers, in veterinary clinics and hospitals.
Veterinary Chemistry Analyzer Market Share
The global veterinary chemistry analyzer market consists of several players including
- IDEXX Laboratories, Inc.
- Zoetis, Inc.
- Heska Corporation
- URIT Medical Electronic Co. Ltd.
- Randox Laboratories Ltd.
- Eurolyser Diagnostica GmbH (Affiliate of Mars)
- DiaSys Diagnostic Systems
- Chengdu Seamaty Technology Co., Ltd.
- SKYLA CORPORATION
- Bioevopeak Co., Ltd.
Veterinary Chemistry Analyzer Industry News
- In December 2022, ALR Technologies SG Ltd, the diabetes management company, announced a co-branded distribution agreement with Covetrus, Inc., a global leader in animal-health technology and products, for ALRT's GluCurve Pet CGM, a continuous glucose monitoring ("CGM") system for diabetic cats and dogs. The GluCurve Pet CGM is the first and only continuous glucose monitoring device manufactured and offered directly to veterinarians for diabetic cats and dogs.
The veterinary chemistry analyzer market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments
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By Type
- Portable
- Benchtop
By Product
- Instruments
- Chemistry Analyzers
- Urine Analyzers
- Glucometers
- Blood Gas & Electrolyte Analyzers
- Consumables
- Panels
- Preloaded Multiple Reagent Panels
- Preloaded Single-Slide Reagent Panels
- Test Strips
- Reagents
- Panels
By Animal Type
- Companion animals
- Dogs
- Cats
- Horses
- Other companion animals
- Livestock animals
- Cattle
- Pigs
- Sheep and Goats
- Poultry
By End use
- Veterinary Laboratories
- Veterinary Hospitals and Clinics
- Point-Of-Care Testing
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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