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Veterinary Chemistry Analyzer Market Size by Type (Portable, Benchtop), By Product (Instruments, Consumables), By Animal Type (Companion), By End-use – Global Forecast to 2032
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Veterinary Chemistry Analyzer Market
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Base Year: 2022
Companies covered: 10
Tables & Figures: 550
Countries covered: 30
Pages: 260
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Veterinary Chemistry Analyzer Market Size
Veterinary Chemistry Analyzer Market size was projected to be valued over USD 1.4 billion in 2022 and grow at 8.4% CAGR by 2032, due to increased investment in the animal health sector.
A veterinary chemistry analyzer is a diagnostic tool used in veterinary medicine to analyse blood, urine, and other body fluids from animals. It uses various biochemical and immunological methods to determine the levels of different compounds such as enzymes, proteins, electrolytes, and metabolites in the sample.
Veterinary Chemistry Analyzer Market Trends
Increasing prevalence of animal diseases and conditions is driving the outlook for veterinary chemistry analyzer market. For example, the prevalence of heartworm disease in dogs has been on the rise, which has led to an increased demand for diagnostic tests to detect the disease.
Veterinary Chemistry Analyzer Market Analysis
The veterinary chemistry analyzer market share from the consumables segment is expected to grow at a CAGR of more than 8.8% by 2032, owing to rising gains for point-of-care testing, a growing pet population, and an increase in the prevalence of chronic diseases such as diabetes and kidney disease, which are common in companion animals, and diagnostic testing is critical in managing these conditions.
Veterinary chemistry analyzer market from companion animal segment will have the highest CAGR through 2032, driven by factors such as increased pet ownership, rising prevalence of chronic disease, and expanding importance of preventative treatment. Owners of companion animals are increasingly focused on preventative care, which includes regular examinations and diagnostic testing to detect any health concerns as early as possible. The need for improved diagnostic equipment, like as chemical analyzers, grows together with the demand for specialist veterinary treatment, such as cancer and dermatology.
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
Veterinary Chemistry Analyzer Industry News
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
By Product
By Animal Type
By End use
The above information is provided for the following regions and countries: