Global Veterinary Chemistry Analyzer Market: industry analysis, SWOT analysis and business development till 2024 - Abaxis, Inc., Heska Corporation, IDEXX, Eurolyser Diagnostica, ARKRAY Europe, B.V., Alfa Wassermann, Randox, Eurolyser Diagnostica, ARKRAY U
The global Veterinary Chemistry Analyzer Market accounted to USD 9,789.7 million in 2016 growing at a CAGR of 8.9% during the forecast period of 2017 to 2024.
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Well known players of Veterinary Chemistry Analyzer Market are Abaxis, Inc., Heska Corporation, IDEXX, Eurolyser Diagnostica, ARKRAY Europe, B.V., Alfa Wassermann, Randox, DiaSys Diagnostic Systems GmbH, Biochemical Systems International S.p.A., ElitechGroup, Eurolyser Diagnostica, ARKRAY USA, ARKRAY,Inc., Chengdu Seamaty Technology Company and others
On the basis of application, global veterinary chemistry analyzer market is segmented into
• blood chemistry analysis,
• urinalysis and
• glucose monitoring
In 2016, blood chemistry analysis segment accounted the largest market share whereas glucose-monitoring segment is expected to witness the highest growth in the forecast period.
On the basis of geography, global veterinary chemistry analyzer market report covers data points for 28 countries across multiple geographies such as
• North America & South America,
• Asia-Pacific, and
• Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
On the basis of product type, Global Veterinary Chemistry Analyzer market is segmented into
• chemistry analyzer,
• glucometer and consumables
Consumables are further sub segmented into panel, test strip and reagent. Consumables segment accounted for the largest market share in 2016 and is expected to register the highest growth in the forecast period due to increased adoption of the pre-loaded multiple reagent panels and single slide reagent panels.
On the basis of animal, global veterinary chemistry analyzer market is segmented into
• companion and
Here, animal segment accounted the largest market share in 2016 and will definitely register the growth in the forecasting period.
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The global veterinary chemistry analyzer market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes veterinary chemistry analyzer market shares for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
Growing livestock and animal population
Rising animal healthcare expenditure
Increase in pet adoption
Increasing number of veterinary practitioners
Expanding pet care cost
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