Veterinary Hematology Analyzers Market Share and Forecast 2015 - 2023

Hematology analyzers are commonly used to test blood samples. Veterinary hematology analyzers are computerized and specialized machines that count different types of blood cells such as white and red blood cells, platelets and others in animal blood sample. These analyzers are used to detect disease characteristics of animal species such as feline, canine, bovine, ferret, equine, rabbit, guinea pig, and others. Veterinary hematology analyzers are featured with different techniques such as open vial testing and closed sampling testing techniques.

The growth of veterinary hematology analyzers market is mainly attributed to the introduction of advanced technology based veterinary hematology analyzers by key players. For example, Abaxis, Inc. offers fully-automated and five-part differential VetScan HM5 Hematology System. The company also offers hematology analyzers such as VetScan VS2, VetScan HM5 Hematology System, VetScan VSpro and others that are specifically designed to use for veterinary clinics. These analyzers provide superior performance and ease of use to the veterinary clinicians. In addition, Heska Corporation is actively engaged in developing hematology analyzers for veterinary purpose. The company offers HemaTrue Hematology Analyzer that provides more accurate results with only 20 µL (about one drop) of blood sample within 5 seconds of time period. Thus, these types of offering of advanced and accurate hematology analyzers will increase the uptake of veterinary hematology analyzers hence drives the growth of the market.

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Moreover, rising incidences of animal disease further stimulates the growth of veterinary hematology analyzers market in near future. Furthermore, factors such as rising animal healthcare awareness, increasing adoption of pets and others also drives the market growth of veterinary hematology analyzers worldwide. However, economic downturn globally will restrain the market growth. Additionally, high cost of veterinary hematology analyzers will further restrain the growth of the market.

The market of veterinary hematology analyzers can be categorized into:

By Technology

Fully Automated Veterinary Hematology Analyzers
Semi Automated Veterinary Hematology Analyzers
Point of Care Veterinary Hematology Analyzers
By End Users
Research Institutes
Veterinary Testing Laboratories
Veterinary Hospitals
Others

Geographically, North America represents the largest market for veterinary hematology analyzers. The growth is mainly attributed to technological advancements and presence of large number of key players in North America. Additionally, rise in the adoption of pets is also considered as one of the prominent drivers that augments utilization of veterinary hematology analyzers hence drives the growth of the market. Europe is considered as the second largest market of veterinary hematology analyzers owing to the introduction of novel and advanced hematology analyzers. For instance, in January 2011, IDEXX Laboratories, Inc. introduced ProCyte Dx Hematology Analyzer in European market. This analyzer is a cost effective veterinary hematology analyzer and specifically used by veterinary clinicians.

Thus, these types of introduction will establish healthy platform for the growth of veterinary hematology analyzers market in Europe. In addition, rising number of animal diseases coupled with increasing demand of veterinary hematology analyzers in European region further boosts the market growth. Asia Pacific region is considered as the emerging markets for veterinary hematology analyzers because of rising awareness for the animal diseases coupled with increasing disposable income of the Asia Pacific people.

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Various key players contributing to the global veterinary hematology analyzers market comprises Abaxis, Inc., Beckman Coulter, Inc. HemoCue AB, IDEXX Laboratories, Inc., Heska Corporation, Analytical Technologies Ltd., HORIBA ABX Inc., Beckman Coulter and others.

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