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Veterinary Chemistry Analyzer Market Trends

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

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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.

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.