The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Veterinary Hematology Analyzers Global Market Report 2024, the veterinary hematology analyzers market is expected to show significant growth in the forecast period.

The veterinary hematology analyzers market has experienced robust growth in recent years, driven by various factors including the increase in pet ownership, advancements in veterinary medicine, and the prevalence of animal diseases. The market is poised for further expansion, with projections indicating substantial growth in the coming years.

Current Market Overview:

• The market size was $0.9 billion in 2023 and is expected to reach $0.98 billion in 2024.
• Compound Annual Growth Rate (CAGR) of 8.5% between 2023 and 2024.

Future Growth Prospects:

• Expected to grow to $1.31 billion by 2028.
• CAGR of 7.4% from 2024 to 2028.
• Factors contributing to growth include rising pet healthcare expenditure, increasing pet insurance coverage, and globalization of veterinary practices.

Key Trends in Forecast Period:

• Technological advancements
• Point-of-care hematology testing
• Remote monitoring and connectivity
• Focus on small and exotic animals
• Multiparameter analysis

View More On The Veterinary Hematology Analyzers Market Report 2024 – https://www.thebusinessresearchcompany.com/report/veterinary-hematology-analyzers-global-market-report

Zoonotic Disease Prevalence Drives Market Growth:

• Increasing prevalence of zoonotic diseases in animals is a significant driver.
• Veterinary hematology analyzers aid in detecting anomalies in blood parameters to identify zoonotic infections promptly.
• Examples include campylobacteriosis and salmonellosis, with significant increases in reported cases in 2021 compared to 2020.

Major Companies in the Market:

• Abbott Laboratories
• Siemens Healthcare Private Limited
• Zoetis Services LLC
• Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
• IDEXX Laboratories Inc.
• Bio-Rad Laboratories Inc.
• And many more…

Innovative Solutions Redefining the Market:

• Product innovations are crucial for market growth.
• Companies focus on developing cutting-edge solutions to enhance their market position.
• Example: Zoetis Inc.’s VETSCAN IMAGYST platform offers AI blood smear and digital cytology image transfer, complementing veterinary hematology analyzers.

Mars Incorporated’s Strategic Acquisition:

• Mars Incorporated acquired Heska Corporation, strengthening its veterinary healthcare portfolio.
• The acquisition aims to accelerate research, development, and innovation in veterinary diagnostics.

Market Segmentation:

1. By Product Type:
   • Table Top Analyzer
   • Point Of Care Analyzer
2. By Animal Type:
   • Companion Animal
   • Livestock Animals
3. By Analysis Parameter:
   • 2-Part WBC Differential
   • 3-Part WBC Differential
   • 5-Part WBS Differential
   • Other Analysis Parameters
4. By End-Users:
   • Research Institutes
   • Veterinary Hospitals and Clinics
   • Veterinary Diagnostics Centers
   • Point-of-care Testing
   • Inhouse-Testing
   • Other End-Users

Regional Insights:

• North America dominated the veterinary hematology analyzer market in 2023.

In conclusion, the veterinary hematology analyzers market is experiencing significant growth driven by technological advancements, rising pet healthcare expenditure, and increasing awareness of animal health. With the prevalence of zoonotic diseases and ongoing innovations, the market is poised for further expansion, offering ample opportunities for industry players to capitalize on emerging trends and meet evolving market demands.

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