Veterinary Chemistry Analyzer Market Forecast 2024-2033: Anticipated Size and Growth Trends
Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!
2024-2033 Veterinary Chemistry Analyzer Market: What Growth Rate is Predicted?
There has been a swift expansion in the size of the veterinary chemistry analyzer market in the past few years. The growth is expected to continue, projecting a surge from $1.78 billion in 2023 to $2.01 billion in 2024, with a compound annual growth rate (CAGR) of 12.5%. The significant growth in the previous era has been ascribed to factors such as the rise in pet ownership, improvements in veterinary care, the prevalence of animal diseases, an emphasis on preventive healthcare, and an increase in livestock farming.
The market size of veterinary chemistry analyzers is projected to experience a swift escalation in the upcoming years, with an estimated worth of $3.07 billion in 2028, growing at a compound annual growth rate (CAGR) of 11.2%. This growth over the forecast period can be credited to factors such as the surge in pet insurance, advent of point-of-care testing, the combination of data handling and connectivity, emphasis on customized veterinary medicine, development in research and expansion, and growing awareness about zoonotic diseases in veterinary diagnostics. Notable trends for the forecast period range from point-of-care testing development, multiparameter analysis, inclusion of connectivity features, miniaturization and portability, to an increase in wellness testing.
Claim Your Free Sample of the Global Veterinary Chemistry Analyzer Market Report Today!
https://www.thebusinessresearchcompany.com/sample.aspx?id=10043&type=smp
What Aspects Are Driving the Expansion of the veterinary chemistry analyzer Market?
The expectation of a surge in pet adoption is speculated to significantly contribute to the expansion of the veterinary chemistry analyzer market. Assuming care and providing a home for an adopted pet, usually a dog, cat or other domestic animals, increases the demand for exact and efficient diagnostic tools to identify and attend to their medical conditions. Veterinary chemistry analyzers, crucial for vet clinics and labs, provide swift and precise analysis of animal blood, urine, and other bodily fluids. A November 2022 survey from Animal Medicines Australia (AMA), a representative body for the animal health industry leaders in Australia, revealed that around half of Australian households have at least a dog, crowning them as the most favored pet. Furthermore, Chewy, Inc., a US-based online retailer of pet food and other pet products in 2021, reported that approximately 977,202 pets were taken in by US families, marking the highest adoption rate of 61% over the previous six years. Thus, the increase in pet ownership rate is accelerating the growth of the veterinary chemistry analyzer market.
What Are the Significant Segments of the Veterinary Chemistry Analyzer Market?
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
What Trends Are Influencing the Evolution of the Veterinary Chemistry Analyzer Market?
In the veterinary chemistry analyzer market, technological evolution is an emerging trend. Big players are concentrating on the introduction of upgraded and novel technologies to solidify their market dominance. For instance, Zoetis Inc., an animal-centered pharmaceutical company from the United States, launched an AI-driven blood smear testing function for its versatile platform, Vetscan ImagystTM, in April 2022. This AI-enhanced attribute in Vetscan ImagystTM is structured to simplify the procedure and offer more precise outcomes. It assists the veterinarians in swiftly and accurately analyzing and interpreting blood smears, thereby expediting and refining the accuracy of animal diagnostics.
Order Now for Fast Delivery of Your Veterinary Chemistry Analyzer Market Report!
https://www.thebusinessresearchcompany.com/report/veterinary-chemistry-analyzer-global-market-report
Which Geographic Areas Are Influencing the Growth of the Veterinary Chemistry Analyzer Market?
North America was the largest region in the veterinary chemistry analysis market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global veterinary chemistry analyzer market report forecast period. The regions covered in the veterinary chemistry analyzer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Veterinary Chemistry Analyzer Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the veterinary chemistry analyzer market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Veterinary Chemistry Analyzer Market Include
1. Veterinary Chemistry Analyzer Market Executive Summary
2. Veterinary Chemistry Analyzer Market Segments
3. Veterinary Chemistry Analyzer Market Size And Template Market Growth Rate
4. Key Veterinary Chemistry Analyzer Market Trends
5. Major Veterinary Chemistry Analyzer Market Drivers
……
25. Key Mergers And Acquisitions In The Veterinary Chemistry Analyzer Market
26. Top Veterinary Chemistry Analyzer Companies
27. Veterinary Chemistry Analyzer Market Opportunities And Strategies
28. Veterinary Chemistry Analyzer Market, Conclusions And Recommendations
29. Appendix
Discover Related Reports by The Business Research Company:
Cataract Surgery Devices And Equipment Global Market Report 2024
Minimally Invasive Surgical Instruments Global Market Report 2024
Compressors Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/compressors-global-market-report
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
