March 29, 2020
Veterinary Hematology Analyzers

Know the Trends in Veterinary Hematology Analyzers Market with Business Opportunities

The global veterinary hematology analyzers market was valued at US$ 766.1 Mn in 2016, and is expected to reach US$   1414.4 Mn by 2025, expanding at a CAGR of 6.9% from 2017 to 2025

Market Insights

Hematology analyzers are widely used in clinical and research institutions to count and characterize blood cells for monitoring and detection of diseases. It is used to count red cells, leucocytes and platelets and to determine hemoglobin and hematocrit levels. Analyzers are designed for specific animal species. Thus, according to the requirements, or to be added to, the specified machine is designed to measure the different characteristics of the animal species. Awareness of animal health and the prevalence of zoonotic diseases, an increase in the population of animals and an increase in the demand for animal-derived food are key contributors to the growth of the market for veterinary hematology analysers. In addition, the increase in foodborne diseases also plays a significant role in the market for veterinary hematology analyzers.

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The global veterinary hematology analyzers market is segmented by product type into semi-automated analyzers and fully-automated analyzers. Fully automated analyzers dominate the veterinary hematology analyzers market due to it efficient, precise results and faster turnaround time. The global veterinary hematology analyzers market is segmented by analysis parameters into 2 part differential analyzers, 3 part differential analyzers, 5 part differential analyzers and others. 5 part differential analyzers segment dominates the veterinary hematology analyzers market.

As of the current market scenario, North America dominates the global veterinary hematology analyzers market followed by Europe. Awareness about animal healthcare and zoonotic diseases, novel diagnostic technology, and significant increase in animal healthcare expenditure are the key factors driving the growth of veterinary hematology analyzers market in North America. Asia Pacific is the fastest growing regional market for veterinary hematology analyzers with highest CAGR in the forecast period.

Market Competition Assessment:

Key players in the global veterinary hematology analyzers market are Abaxis, Inc., Boule Medical AB, Clindiag Systems Co., Ltd., Diatron MI PLC, Drew Scientific, Inc., IDEXX Laboratories, Inc., HemoCue AB, Heska Corporation, HORIBA Medical, Mindray Medical International Ltd., Qreserve, Inc., Urit Medical, Rayto Life and Analytical Sciences Co., Ltd., Scil Animal Care Company GmbH, Siemens Healthineers, Sysmex Corporation, Woodley Equipment Company Ltd. and others.

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Key Market Movements:

  • Awareness about zoonotic diseases, rise in government initiatives for animal healthcare industry is fuelling the growth of veterinary hematology analyzers market
  • Rapidly evolving technology and high throughput hematology analyzers are key factors driving the growth of the veterinary hematology analyzers market
  • High adoption of advanced diagnostics devices in animals in both developed and developing countries

Based on the type of product, the global veterinary hematology analyzers market is segmented as follows:

  • Semi-Automated Analyzers
  • Fully Automated Analyzers

Based on the type of analysis parameter, the global veterinary hematology analyzers market is segmented as follows:

  • 2 Part Differential Analyzers
  • 3 Part Differential Analyzers
  • 5 Part Differential Analyzers
  • Others

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David Brown

David Brown

Experienced Market Research Analyst with a demonstrated history of working in the market research industry. Skilled in Secondary Market Research, Primary Market Research, Client Interfacing. - Identify, collect and organize data for use in research projects - Provide fundamental analysis for research projects - Review data to ensure its quality and integrity - Market estimates and forecast based on homegrown forecasting models - Identifying potential titles for syndicated research projects - Analyzing, estimating and forecasting various industry/market using various analysis tools and forecasting models - Conducting secondary research - Company profiling and analyzing competitive landscape - Report writing And Quality check

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