Healthcare

Veterinary Chemistry Analyzer Market Ongoing Trend | Growing at Remarkable CAGR with Randox Laboratories Ltd. (U.K.), EurolyserDiagnostica GmbH (Austria), ARKRAY (Japan), Diconex SA (Argentina)

Global Veterinary Chemistry Analyzer Market
Global Veterinary Chemistry Analyzer Market

The growing need for hematology tests in order to detect the blood diseases and disorders are impacting on the growth of the global veterinary chemistry analyzer market. Growing advancements in these tests which detects the diseases and disorders effectively and likely to propel the growth of the global veterinary chemistry analyzer market. Additionally, factors such as a growing preference for the animal-derived products are boosting the growth of the global veterinary chemistry analyzer market. 

Major Market Competitors:

Some of the major players operating in Global Veterinary Chemistry Analyzer Market are

Abaxis (U.S.), Heska Corporation (U.S.), IDEXX Laboratories, Inc. (U.S.), Randox Laboratories Ltd. (U.K.), EurolyserDiagnostica GmbH (Austria), ARKRAY (Japan), Diconex SA (Argentina), Alfa Wassermann Inc. (U.S.), Chengdu Seamaty Technology Co., Ltd. (China), DiaSys Diagnostic Systems GmbH (Germany),  Biochemical Systems International Srl (Italy), URIT Medical Electronic Group Co. Ltd (China) and ELITechGroup (France) among others. 

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Global Veterinary Chemistry Analyzer Market accounted to USD 9,789.7 million & growing at a CAGR of 8.9% during the forecast to 2024. 

Veterinary chemistry analyzer is used for in house veterinary use, hematology tests in veterinary medicine which is being designed to deliver accurate results and to maximize testing flexibility. Three simple steps are involved for using this analyzer, which includes setting the slides and samples and then to enter patient’s information. 

Competitive Analysis:

The Global Veterinary Chemistry Analyzer Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes veterinary chemistry analyzer market shares for global, Europe, North America, Asia Pacific and South America. 

Global Veterinary Chemistry Analyzer Market 2018 Answers the following Key Questions:

  • What will be the Veterinary Chemistry Analyzer market size and expansion rate in 2024?
  • Who are the key producers of Veterinary Chemistry Analyzer and Where they lie on a global scale?
  • What are the Veterinary Chemistry Analyzer Industry kinetics and industry outlooks?
  • Who will be the target audience of Veterinary Chemistry Analyzer industry?
  • What are the opportunities, challenges, and threats influencing the growth of Veterinary Chemistry Analyzer Industry?
  • What are the main driving attributes, Veterinary Chemistry Analyzer market trends, short-term, and long-term policies?
  • What are the opinions from professionals and their outlook on Veterinary Chemistry Analyzer Industry and future insights?

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Major Market Drivers and Restraints:

  • Growing livestock and animal population
  • Rising animal healthcare expenditure
  • Increase in pet adoption
  • Increasing number of veterinary practitioners
  • Expanding pet care cost 

Segmentation: 

  • On the basis of product type, global veterinary chemistry analyzer market is segmented into chemistry analyzer, glucometer and consumables. Consumables are further sub segmented into panel, test strip and reagent. Consumables segment accounted for the largest market share in 2016 and is expected to register the highest growth in the forecast period due to increased adoption of the pre-loaded multiple reagent panels and single slide reagent panels.
  • On the basis of application, global veterinary chemistry analyzer market is segmented into blood chemistry analysis, urinalysis and glucose monitoring. In 2016, blood chemistry analysis segment accounted the largest market share whereas glucose-monitoring segment is expected to witness the highest growth in the forecast period.
  • On the basis of animal, global veterinary chemistry analyzer market is segmented into companion and livestock.
  • Here, animal segment accounted the largest market share in 2016 and will definitely register the growth in the forecasting period.
  • On the basis of geography, global veterinary chemistry analyzer market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market. 

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