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Veterinary Chemistry Analyzer Market Size

Report ID: GMI3806
Published Date: May 2023
Report Format: PDF

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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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2022
Veterinary Chemistry Analyzer Market Size in 2022:	USD 1.4 billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	8.4%
2032 Value Projection:	USD 31 Billion
Historical Data for:	2018 to 2022
No. of Pages:	260
Tables, Charts & Figures:	550
Segments covered:	Type, Product, Animal type, End-use, and Region
Growth Drivers:	Increasing incidences of zoonotic diseases Growing pet adoption Growing demand for animal-derived foods Rising animal health expenditure
Pitfalls & Challenges:	High cost associated with veterinary chemistry analyzers Lack of veterinary medical facilities and specialists

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market for veterinary chemistry analyzer crossed USD 1.4 billion in 2022 and is estimated to grow at an 8.4% CAGR during 2023 -2032, driven by the increasing technological innovations in POC testing and rising investments in the animal healthcare sector.

Consumables segment is anticipated to expand at over 8.8% CAGR through 2032, attributed to the increasing pet population and the high prevalence rate of diabetes, kidney disease, and other chronic illnesses in companion animals.

Companion animal segment will record an appreciable valuation by 2032, given the increasing pet ownership and growing acceptance of various preventive therapies focused on ensuring pet health and well-being.

North America veterinary chemistry analyzer market revenue surpassed USD 527.2 million in 2022, owing to the commendable surge in demand for several diagnostic tools in veterinary clinics and hospitals.