Global veterinary hematology analyzers market was valued at US $ XX Mn and expected to grow at 7.25% Compound Annual Growth Rate (CAGR) over the 2019 to 2026
Hematology analyzers used to run the tests on blood samples. Veterinary hematology analyzers are the devices used to carry on the blood tests for veterinary purposes. Veterinary hematology analyzers useful for zoos, veterinarians and research labs to perform blood tests such as detection of complete blood counts, white blood count, coagulation tests and others.
Global 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.
Veterinary hematology analyzers market is segmented based on the product, and end user.
Based on the product, the market is segmented into the following:
- Table Top Analyzers
- Semi-automatic Analyzers
- Fully-automatic Analyzers
- Point of Care Analyzers
- Direct Sample Based
- Cartridge Based
Based on end user, the market is segmented into the following:
- Veterinary Diagnostic Centers
- Research Institutions
- Veterinary Hospitals
- Veterinary Clinics
- In-house Testing
Veterinary hematology analyzers market expected to witness significant rate owing to the increase in spending on animal health across the globe. Companies operating in the global market are focus on advancing the technologies for innovative products that give accurate results. Non-government and government organizations also taking initiatives for improvement of animal health diagnostics. From 2002, USDA has developed National Animal Health Laboratory Network in collaboration with university diagnostic laboratories across the country. Furthermore, market players are adopting the strategies such as mergers and acquisitions to expand the market share.
Geographically, global veterinary hematology analyzers market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. 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 veterinary hematology analyzers 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.
Some of the players in the global veterinary hematology analyzers market include:
- 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)
- Siemens AG (Germany)
- Abaxis, Inc. (U.S.)
- Sysmex Corporation (Japan)
- Radiometer (Denmark)