Veterinary Hematology Analyzers Market is expected to reach USD 1038.78 Million by 2023 – major key players are Drew Scientific Inc., URIT Medical, Boule Medical AB, scil animal care, Mindray, HORIBA Medical, Clindiag Systems, IDEXX Laboratories, Inc.,

Overview:

Hematology analyzers are widely used in clinical and research facilities to count and characterize blood cells for disease surveillance and detection purposes. It is used to count red blood cells, leukocytes and platelets and to determine hemoglobin and hematocrit levels. The analyzers are designed according to specific animal species. Therefore, according to the requirements or addition, the specified machine is designed to measure the different characteristics of the animal species. Animal care awareness and the prevalence of zoonotic diseases, the growing animal population and the growing demand for animal food are the main factors contributing to the growth of the veterinary hematology analyzer market. In addition, with the increase of food borne diseases also plays an important role in the market of veterinary hematology analyzers.

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In the year 2018, the Global Veterinary Hematology Analyzers Market was valued at USD 747.6 Million, by the year 2023 it is expected to reach USD 1038.78 Million with 6.8% CAGR.

 

Drivers and Restraints:                 

Factors such as technological developments, innovation of new products, expanding animal healthcare infrastructure are considered for the growth of the market. Increase in prevalence of diseases among animals. Vast rise in government initiatives. However lack of skilled professionals is hindering the growth of the market.

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Geographic Segmentation

Geographically, the Veterinary Hematology Analyzers market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East Asia. North America is the current market leader and is expected to remain so in the aforementioned forecast period. Higher adoption of pets, increasing number of clinics, and rising disposable income are few factors attributable to the observable trend mentioned above. Asia pacific is estimated to witness the highest growth rate during the aforementioned forecast period. Large number of livestock animals and rise in per capita income and the resultant change in lifestyle and expenditure patterns of the population are driving the demand for veterinary hematology analyzers in the region.

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Major companies in the market are Drew Scientific Inc., URIT Medical, Boule Medical AB, scil animal care, Mindray, HORIBA Medical, Clindiag Systems, IDEXX Laboratories, Inc., Abaxis, Inc., Heska Corporation, Siemens Healthcare Diagnostics Inc., HemoCue AB, Diatron and Sysmex.

Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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