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Veterinary Hematology Analyzers Market: By Product Type, Point of Care Analyzers ), By End User and Geography
Veterinary Hematology Analyzers Market: By Product Type, Point of Care Analyzers ), By End User and Geography
Veterinary Hematology Analyzers Market size was valued at US$ 943.5 million in 2023 and is anticipated to grow at a CAGR of 4.8% from 2024-2030. The veterinary haematology analyzers are the specialised diagnostic instruments developed particularly to analyse blood samples from animals, including companion animals (such as dogs and cats), livestock (such as cattle and horses), and laboratory animals (such as mice and rats). Hematology analyzers are important in veterinary practice because they provide precise and complete blood cell counts and other haematological data, which help in the early diagnosis, monitoring, and treatment of many animal illnesses. The market has grown significantly as a result of the increased prevalence of different animal illnesses, rising pet adoption rates, and rising need for improved diagnostic instruments in veterinary clinics and laboratories.
According to Health for Animals data, one in every five farm animals dies from sickness each year, while many more endure the consequences of illness. Animal health tools such as Haematology Analyzers aid in the detection and treatment of various diseases, resulting in fewer animals dying as a result of the disease. In addition, the increasing focus on animal health and wellness, along with development of advanced hematology analyzers with features such as multi-parameter analysis, high throughput capabilities, and improved accuracy has also contributed to market growth. Moreover, with the growing demand for animal-derived products and the need for efficient disease management in livestock the demand for hematology analyzers is anticipated to burgeon the growth of the market iver the forecast years.
However, high cost associated with the advanced haematology analyzers and the limited availability of skilled veterinary professionals poses challenges to the growth. The continuous advancements in technology made by key market players have resulted in the development of more sophisticated and user-friendly veterinary hematology analyzers, which again contribute to the development. For instance, in March 2022, Lifotronic Technology Co., Ltd. launched a veterinary hematology analyzer, Hematology Analyzer AC610 vet.
Study Period
2024-2030Base Year
2023CAGR
4.8%Largest Market
North AmericaFastest Growing Market
North America
Veterinary hematology analyzers market is primarily driven by rise in awareness about the animal health due to prevalence zoonotic diseases and various initiatives taken by the governments and non government organizations to improve the animal health through providing the improved veterinary healthcare infrastructure. In addition, advancements in the diagnostic technologies delivering the safe, automated and easy to use hematology analyzers expected to boost the market growth further. Moreover, increase in the animal health concerns and spending by the animal owners expected to bolster the market growth over the forecast period. However, high cost of the analyzers may hamper the growth of market over the forecast period.
North America veterinary hematology analyzers market is expected to have significant growth in the market owing to higher adaptation rates of pets, growing number of veterinary clinics and rise in disposable income. Europe market projected to have the notable growth rate owing to the growing number of animal adaptation, rise in zoonotic diseases and spending on animal health. Asia Pacific market expected to witness high growth owing to the change in the lifestyle, industrialization of the livestock animals and increase in disposable income coupled with rise in animal health spending.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 943.5 million |
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Market CAGR |
4.8% |
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By Product Type |
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By End User |
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By Region |
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The global veterinary hematology analyzers market size was valued at US$ 943.5 million in 2023 and is projected to grow at a CAGR of 4.8% from 2024-2030.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The Veterinary Hematology Analyzers Market Key Players are Drew Scientific Inc (U.S), scil animal care company GmbH (Germany), Boule Diagnostics (Sweden), Horiba Ltd (Japan), Mindray Medical International Limited (China), IDEXX Laboratories Inc (U.S), CLINDIAG SYSTEMS B.V.B.A (China)
| 1.Executive Summary |
| 2.Global Veterinary Hematology Analyzers Market Introduction |
| 2.1.Global Veterinary Hematology Analyzers Market - Taxonomy |
| 2.2.Global Veterinary Hematology Analyzers Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.End User |
| 2.2.3.Region |
| 3.Global Veterinary Hematology Analyzers Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Veterinary Hematology Analyzers Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Veterinary Hematology Analyzers Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Table Top Analyzers |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Point of Care Analyzers |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Veterinary Hematology Analyzers Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Veterinary Diagnostic Centers |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Research Institutions |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Veterinary Hospitals |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Veterinary Clinics |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. In-house Testing |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.Global Veterinary Hematology Analyzers Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Veterinary Hematology Analyzers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Table Top Analyzers |
| 8.1.2.Point of Care Analyzers |
| 8.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Veterinary Diagnostic Centers |
| 8.2.2.Research Institutions |
| 8.2.3.Veterinary Hospitals |
| 8.2.4.Veterinary Clinics |
| 8.2.5.In-house Testing |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Veterinary Hematology Analyzers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Table Top Analyzers |
| 9.1.2.Point of Care Analyzers |
| 9.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Veterinary Diagnostic Centers |
| 9.2.2.Research Institutions |
| 9.2.3.Veterinary Hospitals |
| 9.2.4.Veterinary Clinics |
| 9.2.5.In-house Testing |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10.Asia Pacific (APAC) Veterinary Hematology Analyzers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Table Top Analyzers |
| 10.1.2.Point of Care Analyzers |
| 10.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Veterinary Diagnostic Centers |
| 10.2.2.Research Institutions |
| 10.2.3.Veterinary Hospitals |
| 10.2.4.Veterinary Clinics |
| 10.2.5.In-house Testing |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Veterinary Hematology Analyzers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Table Top Analyzers |
| 11.1.2.Point of Care Analyzers |
| 11.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Veterinary Diagnostic Centers |
| 11.2.2.Research Institutions |
| 11.2.3.Veterinary Hospitals |
| 11.2.4.Veterinary Clinics |
| 11.2.5.In-house Testing |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Veterinary Hematology Analyzers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Table Top Analyzers |
| 12.1.2.Point of Care Analyzers |
| 12.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Veterinary Diagnostic Centers |
| 12.2.2.Research Institutions |
| 12.2.3.Veterinary Hospitals |
| 12.2.4.Veterinary Clinics |
| 12.2.5.In-house Testing |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Drew Scientific Inc (U.S) |
| 13.2.2.scil animal care company GmbH (Germany) |
| 13.2.3.Boule Diagnostics (Sweden) |
| 13.2.4.Horiba Ltd (Japan) |
| 13.2.5.Mindray Medical International Limited (China) |
| 13.2.6.IDEXX Laboratories Inc (U.S) |
| 13.2.7.CLINDIAG SYSTEMS B.V.B.A (China) |
| 13.2.8.Siemens AG (Germany) |
| 13.2.9.Abaxis, Inc. (U.S) |
| 13.2.10.Sysmex Corporation (Japan) |
| 13.2.11.Radiometer (Denmark) |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of animal health and agriculture. His passion lies in unraveling the complexities of these domains through rigorous research and practical insights. Manoj Kumar’s journey has been marked by several key achievements: as a market analyst and competitive intelligence expert, he dissects data to provide actionable insights for global clients. Simultaneously, he champions animal healthcare, diagnosing ailments, and designing preventive care strategies. In the realm of agriculture, his focus on sustainable practices, emphasizing crop nutrition, soil health, and precision agriculture. His holistic approach and commitment to advancing science make him a respected figure in the ever-evolving landscape of life sciences.