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Veterinary Hematology Analyzers Market Size

Report ID: GMI6027
Published Date: Jun 2023
Report Format: PDF

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Veterinary Hematology Analyzers Market Size

Veterinary Hematology Analyzers Market size was estimated to be USD 90.4 million in 2022 and is anticipated to grow at a CAGR of 15.7% during the forecast timeframe. The increasing adoption of companion animals, increase in animal healthcare expenditure, increasing number of clinical visits including bloodwork, high prevalence of animal diseases, and technological advancements in hematology analyzers are the factors contributing to the massive growth of this market.

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The veterinary hematology analyzers are used to perform a complete blood count. It performs the qualitative and quantitative analysis of elements of the blood such as RBC, WBC, and platelets. It also provides detailed information about haemoglobin, monocytes, lymphocytes, and basophils. The results of complete blood count using hematology analyzers act as an indicator or help the practitioner to analyze the problem.

Veterinary Hematology Analyzers Market Report Attributes
Report Attribute	Details
Base Year:	2022
Veterinary Hematology Analyzers Market Size in 2022:	USD 90.4 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	15.7%
2032 Value Projection:	USD 388.3 Million
Historical Data for:	2018 to 2022
No. of Pages:	285
Tables, Charts & Figures:	489
Segments covered:	Product, Analysis Parameter, Animal Type, End-user, and Region
Growth Drivers:	Rising adoption of companion animals Increase in animal healthcare expenditure Increasing number of clinical visits including bloodwork High prevalence of animal diseases Technological advancements in hematology analyzers
Pitfalls & Challenges:	Lack of awareness about animal healthcare in developing countries

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size for veterinary hematology analyzers was worth USD 90.4 million in 2022 and will grow at a CAGR of 15.7% through 2032, owing to the increasing adoption of companion animals, rise in animal healthcare expenditure, and high prevalence of animal diseases.

The companion animal segment accounted for 82.5% market share around in 2022, attributed to factors such as rapidly growing adoption of companion animals like dogs and cats in developed countries, rising focus on pet health, and increasing adoption of pet insurance & healthcare expenditure.

North America market for veterinary hematology analyzers was evaluated to be around USD 42.1 million in 2022, due to the increasing adoption of pet insurance, and availability of technologically advanced healthcare infrastructure in the region.

IDEXX Laboratories, Inc., Boule Medical AB, HemoCue AB, Heska Corporation, Zoetis, Inc., Horiba, Ltd., Shenzhen Mindray Animal Medical Technology Co., LTD., Woodley Equipment Company, Ltd., Sysmex Corporation, and Siemens Healthcare Private Limited.