Veterinary Point-Of-Care (POC) Hematology Diagnostics Market Trends Report 2025 – For Business Development and Strategy Teams
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What Is the Forecast for the Veterinary Point-Of-Care (POC) Hematology Diagnostics Market Growth in 2025?
In recent years, there’s been a significant expansion in the size of the veterinary point-of-care (poc) hematology diagnostics market. This market is projected to increase from $1.41 billion in 2024 to $1.6 billion in 2025, representing a compound annual growth rate (CAGR) of 13.1%. This growth during the historical period has been influenced by factors such as the rise in pet ownership, a surge in demand for health services related to companion animals, an increase in the number of veterinary clinics, a growing awareness surrounding animal health and a rising need for quick diagnostic results.
What Is the Forecast for the Veterinary Point-Of-Care (POC) Hematology Diagnostics Market Size Through 2029?
The market size for point-of-care (poc) hematology diagnostics in the veterinary sector is set to witness significant expansion in the forthcoming years. By 2029, the market is projected to reach $2.6 billion, with a compound annual growth rate (CAGR) of 13.0%. Key factors contributing to this growth during the forecast period include the increase in pet insurance policies, a rise in the need for livestock monitoring, an upturn in veterinary healthcare expenditure, the adoption of compact diagnostic tools, and a rising trend for less invasive tests. Notable market trends for the forecast period encompass developments in diagnostic technologies, the assimilation of technologies in POC devices, the growing application of AI in diagnostics, compatibility with tele-health platforms, and a move towards personalized veterinary treatments.
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What are the Key Market Players in Veterinary Point-Of-Care (POC) Hematology Diagnostics Market and How They’re Evolving?
Major companies operating in the veterinary point-of-care (POC) hematology diagnostics market are Zoetis Inc., IDEXX Laboratories, Sysmex Corp., Bio-Rad Laboratories Inc., HORIBA Medical, Carestream Health Inc., Virbac, Randox Laboratories Ltd., ESAOTE SPA, FUJIFILM SonoSite, Heska Corporation, Getein Animal Medical Technology, Boule Diagnostics AB, Genrui Biotech Inc., Drucker Diagnostics, Volition, Woodley Equipment Company Ltd, Eurolyser Diagnostica GmbH, Hoëk Labs, Bioevopeak
What Are the Primary Growth Drivers in the Veterinary Point-Of-Care (POC) Hematology Diagnostics Market?
The surge in pet ownership is set to stimulate the expansion of the veterinary point-of-care (POC) hematology diagnostics market. Pet ownership encompasses the nurturing of domestic animals such as dogs, cats, birds, or other pets and ensuring their well-being and general welfare. An uptick in urbanization is primarily responsible for the rise in pet ownership as more city-dwellers look to pets for companionship and emotional support in smaller, often sequestered living spaces. The functionality of veterinary point-of-care (POC) hematology diagnostics in facilitating swift, on-site blood tests paves the way for immediate diagnoses, prompt treatments, and better health prospects for pet companions. For example, based on the statistics released by Shelter Animals Count, a US-based non-profit organization, in 2024, the total adoptions of dogs and cats incremented to 4,192,443, which encompasses 2 million dogs and 2 million cats. This denotes a marginal rise of 0.4% or 17,153 more adoptions when compared to 2023. Thus, the upswing in pet ownership is fuelling the growth of the veterinary point-of-care (POC) hematology diagnostics market.
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What Are the Leading Segments in the Global Veterinary Point-Of-Care (POC) Hematology Diagnostics Industry?
The veterinary point-of-care (POC) hematology diagnostics market covered in this report is segmented –
1) By Product Type: Instruments, Consumables
2) By Animal Type: Livestock Animals, Companion Animals, Other Animal Types
3) By Application: Blood Disorders, Metabolic Disorders, Other Applications
4) By End User: Veterinary Clinics, Veterinary Hospitals, Research Laboratories, Other End-Users
Subsegments:
1) By Instruments: Analyzers, Blood Gas Electrolyte Analyzers, Coagulation Analyzers, Other Instruments
2) By Consumables: Reagents, Controls And Calibrators, Slides, Cuvettes, Other Consumables
What Are the Key Market Trends in the Veterinary Point-Of-Care (POC) Hematology Diagnostics Industry?
Key industry players in the veterinary point-of-care (POC) hematology diagnostics market are prioritizing the development of innovative tools like veterinary analyzers to enhance diagnostic accuracy and efficiency in clinical environments. Veterinary analyzers are diagnostic devices used in animal healthcare for examining biological samples such as blood, urine, or serum. These instruments assist vets in diagnosing, monitoring and managing various animal health issues by providing swift and precise test results. For example, Seamaty Diagnostic Co., Ltd., a medical equipment manufacturer based in China, rolled out four state-of-the-art veterinary analyzers in August 2023. These devices aim to streamline on-site diagnostics in pet hospitals, thereby enhancing their operational efficiency and care quality. The new analyzers include the VG2 vet blood gas electrolyte immunoassay analyzer for rapid blood gas and immunoassay testing. The VG1 veterinary blood gas & electrolyte analyzer is a handheld tool for critical care monitoring. The Vi1 veterinary fluorescence immunoassay analyzer uses advanced nanocrystal technology for delicate diagnostics. Lastly, the VBC30/VBC50 hematology analyzers conduct detailed blood counts necessary for early detection of diseases.
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What Is the Regional Outlook for the Veterinary Point-Of-Care (POC) Hematology Diagnostics Market?
North America was the largest region in the veterinary point-of-care (POC) hematology diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary point-of-care (POC) hematology diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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This Report Delivers Insight On:
1. How big is the veterinary point-of-care (poc) hematology diagnostics market, and how is it changing globally?
2. Who are the major companies in the veterinary point-of-care (poc) hematology diagnostics market, and how are they performing?
3. What are the key opportunities and risks in the veterinary point-of-care (poc) hematology diagnostics market right now?
4. Which products or customer segments are growing the most in the veterinary point-of-care (poc) hematology diagnostics market?
5. What factors are helping or slowing down the growth of the veterinary point-of-care (poc) hematology diagnostics market?
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