The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s veterinary chemistry analyzer market report forecasts the veterinary chemistry analyzer market size to grow to $2.76 Billion by 2027, with a CAGR (compound annual growth rate) of more than 11%.

Learn More On The Veterinary Chemistry Analyzer Market Report 2023 – https://www.thebusinessresearchcompany.com/report/veterinary-chemistry-analyzer-global-market-report

Veterinary Chemistry Analyzer Market Size Forecast
The global veterinary chemistry analyzer market is expected to grow from $1.58 billion in 2022 to $1.78 billion in 2023 at a compound annual growth rate (CAGR) of 12.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global veterinary chemistry analyzer market size is expected to reach $2.76 billion in 2027 at a CAGR of 11.5%.

North America held the largest veterinary chemistry analyzer market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Veterinary Chemistry Analyzer Market Driver ­– Increase In Pet Adoption
According to Animal Medicines Australia (AMA), an Australia-based industry body representing the leaders of the animal health industry in Australia, according to a national survey of pets and people published in November 2022, approximately half of Australian households have at least one dog, making them the most common pet. Dogs were present in 48% of Australian households in 2022, up from 40% in 2019. Furthermore, according to Chewy, Inc., a US-based online supplier of pet food and other products, there were around 977,202 pets adopted in the US in 2021, resulting in the highest adoption rate of 61% in the previous six years. As a result, the surge in pet adoption is propelling the veterinary chemistry analyzer market forward.

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Key Veterinary Chemistry Analyzer Market Trend – Technological Advancement
To increase their market position, major players are working on bringing new and innovative technologies. For example, Zoetis Inc., a US-based animal medicines firm, launched an artificial intelligence (AI) blood smear testing tool to its multi-purpose platform, Vetscan ImagystTM, in April 2022. Vetscan ImagystTM’s AI-powered feature is intended to speed up the procedure and deliver more accurate results. It helps veterinary experts to analyse and interpret blood smears more rapidly and precisely, improving the speed and accuracy of animal diagnostics.

Veterinary Chemistry Analyzer Market Segment
1) By Type: Benchtop, Portable
2) By Product: Instruments, Consumables
3) By Animal: Companion Animals, Livestock
4) By Application: Blood Chemistry Analysis, Urinalysis, Glucose Monitoring, Blood Gas And Electrolyte Analysis
5) By End Use: Veterinary Hospitals and Clinics, Point-Of-Care Testing, Other End Uses

Veterinary Chemistry Analyzer Market Major Players and Strategies
Major players in the veterinary chemistry analyzer market are IDEXX Laboratories Inc., Arkray Inc., Heska Corporation, Alfa Wassermann Inc., Randox, Eurolyser Diagnostica GmbH, DiaSys Diagnostic Systems GmbH, Chengdu Seamaty Technology Co. Ltd, Abaxis Inc., Skyla, Biochemical Systems International S.p.A., Zoetis Inc., URIT Medical Electronic Co. Ltd., Diconex SA, and Diatron MI PLC.

Heska Corporation, a US-based manufacturer of sophisticated veterinary diagnostic and speciality products, purchased scil animal care company GmbH from Covetrus, Inc. in April 2020 for an unknown sum. Heska Corporation hoped to expand into more than 25 countries and enhance income with this transaction. Scil animal care company GmbH is a German firm that sells veterinary equipment such as veterinary chemical analyzers.

The Veterinary Chemistry Analyzer Global Market Report 2023 covers regional data on veterinary chemistry analyzer market size, veterinary chemistry analyzer market trends and drivers, opportunities, strategies, and veterinary chemistry analyzer market competitor analysis. The countries covered in the veterinary chemistry analyzer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

A veterinary chemistry analyzer is a device that tests blood and urine for accurate results in animal health diagnosis. It provides a scientific basis for disease detection and alternative diagnostic techniques.

View More Reports Related To The Veterinary Chemistry Analyzer Market –
Veterinary Medical Equipment Global Market Report 2023
Veterinary Diagnostic Equipment Global Market Report 2023
Veterinary Antibiotics Global Market Report 2023

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