Global Bench-top Veterinary Chemistry Analyzer
Market Report
2024
As per the Cognative Market Research's latest report, the Bench-top Veterinary Chemistry Analyzer market was valued at USD 1.74 billion in 2022 and is projected to reach USD 3.12 billion by 2030, registering a CAGR of 8.68% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per the Cognative Market Research's latest report, the Bench-top Veterinary Chemistry Analyzer market was valued at USD 1.74 billion in 2022 and is projected to reach USD 3.12 billion by 2030, registering a CAGR of 8.68% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Bench-top Veterinary Chemistry Analyzer Market Sales Revenue 2022 | $ 1.74 Billion |
Global Bench-top Veterinary Chemistry Analyzer Market Sales Revenue 2030 | $ 3.12 Billion |
Global Bench-top Veterinary Chemistry Analyzer Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.68% |
Market Split by Type |
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Market Split by Application |
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Market Split by Product |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Bench-top Veterinary Chemistry Analyzer Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Veterinary chemistry analyzers are the products of veterinary medicine that are used for the purpose of conductance of assays, and biochemical testing in veterinary vitals for monitoring, diagnosis, prevention, and treatment of diseases in animals. Veterinarian chemical analyzers are effective and essential instruments for illness prevention in animals as well as for improving animal welfare, food safety, and public health. Veterinary chemical analyzers have a significant impact on human health because illnesses like rabies, plaque, listeriosis, and yellow fever can spread from animal to human. Human infections and outbreaks including Ebola, scabies, West Nile Encephalitis, and anthrax are prevented through the use of veterinary vaccinations and medications. The key reason propelling the growth of the veterinary chemistry analyzer market is the increase in pet acceptance throughout the world. The market is growing because this medical gadget is being used to diagnose illnesses in dogs, including anemia, inflammation, and viral infections, among others.
The market for veterinary chemistry analyzers is anticipated to expand due to rising pet adoption rates and need for pet insurance. Due to increased veterinary costs, there is a greater need for pet insurance. Owing to the exorbitant cost of such diagnostics, many pet owners are discouraged from selecting treatment choices for their animals. Most pet insurance plans will cover diagnostics and treatments for approved accidents and illnesses. For instance, if the "Preventative and Wellness" package is included in a Lemonade pet health insurance policy, pet diagnostics including x-rays, cytology, bloodwork, yearly wellness exams, lab work, a heartworm test, urinalysis, and more will be covered.
Veterinary chemical analyzers are expensive to buy, install, and maintain. Additionally, the lack of technologically proficient veterinarians running the analyzers is what is limiting the market's expansion for veterinary chemistry analyzers.
The COVID-19 pandemic had a negative impact on the world economy and has interfered with the operations of vendors, suppliers, and customers. The pandemic had a detrimental impact on a number of corporate and operational aspects, as well as the economy and other factors. Animal healthcare compliance was significantly reduced at veterinary institutions in the early stages of the new coronavirus pandemic. Organizations dedicated to public health only provided emergency veterinary treatment. Additionally, they advised pet owners to forgo elective procedures. The COVID-19 pandemic interruption in the supply of animal wellness care services as well as the loss in business as a result of lower demand are both expected to have an adverse effect on the industry's dynamics.
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Bionote, an in-vitro diagnostic product manufacturer, expanded into the veterinary clinical chemistry market by applying for approval of the domestic and international sales of their clinical chemistry analyzer Vcheck C. This new product is capable of testing up to 4 samples at once, taking only 10 minutes on average, for quantitative detection of proteins, enzymes, amylase, etc. in the patient's blood samples
Carolina Liquid Chemistries Corp. has signed a semi-exclusive agreement to distribute the Seamaty SMT-120VP Veterinary Automated Chemistry Analyzer in the United States of America. The SMT-120VP is a compact, fully automatic veterinary chemistry, electrolyte, immunoassay, and coagulation (PT, APTT, TT, and FIB) analyzer for animal health diagnosis.
Top Companies Market Share in Bench-top Veterinary Chemistry Analyzer Industry: (In no particular order of Rank)
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Animal health and diagnostics businesses are widely spread across North America. Spending on veterinary care has increased significantly in the area, which is anticipated to hasten the market's expansion. In addition, the region's strong infrastructure and significant R&D investment are expected to support the North American market. In 2021, the U.S. had a disproportionately large portion of the local market. This is due to the existence of significant players in the nation, such as IDEXX and Zoetis, who are engaged in the creation and launch of analyzers required for the detection of various illnesses in animals.
The current report Scope analyzes Bench-top Veterinary Chemistry Analyzer Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Bench-top Veterinary Chemistry Analyzer Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Bench-top Veterinary Chemistry Analyzer Industry growth. Bench-top Veterinary Chemistry Analyzer market has been segmented with the help of its Type, Application Product, and others. Bench-top Veterinary Chemistry Analyzer market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on type, the market is classified into portable and table-top. The benchtop veterinary chemistry analyzers market segment accounted for the highest share. Benchtop analyzers are in high demand worldwide due to benefits such as work automation, less manual error, excellent accuracy, and precision. One of the key factors influencing this segment's dominant market share is the effectiveness of these analyzers in identifying certain illnesses in companion animals. The EasyRA benchtop analyzer is a fully automated chemistry analyzer that meets the demands of veterinary clinics for speed and affordability. EasyRA can analyze samples in less than 8 minutes after being operational and prepared to start tests.
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On the basis of application, the market is bifurcated into blood chemistry analysis, urinalysis, blood gas & electrolyte analysis, and glucose monitoring. The blood chemistry analysis segment is the leading segment of the market due to the increased prevalence of zoonotic diseases and the growing number of veterinary practitioners. The WHO estimates that zoonoses globally result in around a billion instances of illness and millions of deaths each year. Over 60.0% of newly reported infectious diseases worldwide are caused by zoonoses. On the other hand, the blood gas and electrolyte analysis segment is anticipated to have lucrative growth over the projected period.
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By product, the market is segmented into consumables and instruments. The consumables sector had the highest revenue share in the market. Additionally, it is predicted to increase at the quickest rate during the projected period. The subcategories of consumables include reagents, panels, and strips. The market as a whole is projected to grow due to the constant need for consumables. Factors like availability of the majority of reagents in liquid form, which requires no preparation, and easy-to-use reagents are contributing to the growth of the segment in the veterinary chemistry analyzer market.
Based on end-user, the market is classified into veterinary laboratories, veterinary hospitals and clinics, point-of-care testing, and others. The veterinary labs sector accounted for the biggest revenue share of the market and it is expected to maintain its dominance during the forecast period. Factors driving the segment's growth are increasing prevalence of ailments in animals, including anomalies brought on by long-term drugs and diseases including diabetes, kidney disease, cancer, and diabetes. Pathology and diagnostic services are the main responsibilities of veterinary laboratories. Pathology, which includes researching veterinary diseases, is a major focus of veterinary laboratories. Another aspect driving the segment's rise is the increase of modern laboratories with superior infrastructure.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Bench-top Veterinary Chemistry Analyzer Market is witnessing significant growth in the near future.
In 2023, the Portable segment accounted for noticeable share of global Bench-top Veterinary Chemistry Analyzer Market and is projected to experience significant growth in the near future.
The Blood Chemistry Analysis segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies IDEXX Laboratories Inc. , Heska Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Portable, Table-Top |
Application | Blood Chemistry Analysis, Urinalysis, Blood Gas & Electrolyte Analysis, Glucose Monitoring |
Product | Consumables, Instruments |
End User | Veterinary Laboratories, Veterinary Hospitals and Clinics, Point-Of-Care Testing, Others |
List of Competitors | IDEXX Laboratories Inc., Abaxis Inc., Heska Corporation, Randox Laboratories Ltd., ARKRAY Inc., Eurolyser Diagnostica GmbH, Alfa Wassermann Inc., DiaSys Diagnostic Systems USA LLC, Chengdu Seamaty Technology Co. Ltd., Biochemical Systems International, ELITechGroup, URIT Medical Electronic Group Co. Ltd |
This chapter will help you gain GLOBAL Market Analysis of Bench-top Veterinary Chemistry Analyzer. Further deep in this chapter, you will be able to review Global Bench-top Veterinary Chemistry Analyzer Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Product Analysis 2019 -2031
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Chapter 13 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Bench-top Veterinary Chemistry Analyzer market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Portable have a significant impact on Bench-top Veterinary Chemistry Analyzer market? |
What are the key factors affecting the Portable and Table-Top of Bench-top Veterinary Chemistry Analyzer Market? |
What is the CAGR/Growth Rate of Blood Chemistry Analysis during the forecast period? |
By type, which segment accounted for largest share of the global Bench-top Veterinary Chemistry Analyzer Market? |
Which region is expected to dominate the global Bench-top Veterinary Chemistry Analyzer Market within the forecast period? |
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