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Veterinary Care Revolution: Unveiling Opportunities in the Veterinary Hematology Analyzers Market

Veterinary Hematology Analyzers Market

Veterinary Hematology Analyzers Market

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Veterinary Hematology Analyzers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The veterinary hematology analyzers market size has grown strongly in recent years. It will grow from $0.9 billion in 2023 to $0.98 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to increase in pet ownership, advancements in veterinary medicine, prevalence of animal diseases, growing awareness of animal health, expansion of veterinary services.

The veterinary hematology analyzers market size is expected to see strong growth in the next few years. It will grow to $1.31 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to rising pet healthcare expenditure, growth in animal research, increasing pet insurance coverage, globalization of veterinary practices. Major trends in the forecast period include technological advancements, point-of-care hematology testing, remote monitoring and connectivity, focus on small and exotic animals, multiparameter analysis.

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Market Segmentation:
The veterinary hematology analyzers market covered in this report is segmented -

1) By Product Type: Table Top Analyzer, Point Of Care Analyzer
2) By Animal Type: Companion Animal, Livestock Animals
3) By Analysis Parameter: 2-Part WBC Differential, 3-Part WBC Differential, 5-Part WBS Differential, Other Analysis Parameters
4) By End-Users: Research Institutes, Veterinary Hospitals and clinics, Veterinary Diagnostics Centers, Point-of-care Testing, Inhouse-Testing, Other End-Users

Major Driver - Zoonotic Disease Prevalence Drives Veterinary Hematology Analyzer Market Growth
The increasing prevalence of zoonotic diseases in animals is expected to propel the growth of the veterinary hematology analyzer market going forward. A zoonotic disease is an infectious disease caused by harmful microorganisms such as bacteria, viruses, fungi, and parasites that are spread between animals and humans. Veterinary hematology analyzers can detect anomalies in blood parameters in real time, allowing veterinarians to quickly identify zoonotic infections, commence appropriate treatment, and adopt essential preventative measures to keep them from spreading. For instance, in December 2022, according to the European Food Safety Authority (EFSA), an Italy-based agency for the European Union that provides independent scientific advice on food-related risks, in 2021, the two most often reported zoonotic diseases in humans were the gastrointestinal disorders campylobacteriosis and salmonellosis, with a total of 127,840 and 60,050 human cases, respectively which is an increase of roughly 7,000 cases for both infections compared to 2020. Further, there is an increase of +0.86 and +1.96 confirmed cases per 100,000 population for campylobacteriosis and salmonellosis, respectively, in 2021 compared to 2020. Therefore, the growing prevalence of zoonotic disease in animals drives the veterinary hematology analyzers market.

Competitive Landscape:
Major companies operating in the veterinary hematology analyzers market report are Abbott Laboratories, Siemens Healthcare Private Limited, Zoetis Services LLC., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., IDEXX Laboratories Inc., Bio-Rad Laboratories Inc., HORIBA Medical, Sysmex Corp., Chengdu Seamaty Technology Co. Ltd, Getein Biotech Inc., Heska Corporation,Abaxis Inc., Abaxis Inc., HemoCue AB, EKF Diagnostics Holdings PLC, Boule Diagnostics AB, Scil Animal Care Company GmbH, Diatron Mi Apac Private Limited, ERBA Diagnostics Inc., Drew Scientific Inc., Woodley Equipment Company Ltd.,B&E Bio-technology Co. Ltd., Rayto Life and Analytical Sciences Co.Ltd., Genrui Biotech Co. Ltd., Analytical Technologies Limited, Urit Medical Electronics Co. Ltd., Qreserve Inc., Balio Diagnostics, Shezhen Dymind Biotechnology Co. Ltd, Bioevopeak Co. Ltd.

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Top Trend - Innovative Solutions Redefining The Veterinary Hematology Analyzer Market
Product innovations are a key trend for gaining popularity in the veterinary hematology analyzer market. Major companies operating in the veterinary hematology analyzer market are focused on developing innovative solutions to strengthen their position in the market. For instance, in April 2022, Zoetis Inc., a US-based veterinary drug company, launched the VETSCAN IMAGYST platform, a first-of-its-kind technology that offers AI blood smear, AI fecal, and digital cytology image transfer in a single, compact device. It is designed to work alongside veterinary hematology analyzers, such as the VETSCAN HM5 Hematology Analyzer, which reports a full 5-part CBC differential with 22 parameters in less than 4 minutes.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Veterinary Hematology Analyzers Market Characteristics
3. Veterinary Hematology Analyzers Market Trends And Strategies
4. Veterinary Hematology Analyzers Market - Macro Economic Scenario
5. Veterinary Hematology Analyzers Market Size And Growth
…..
27. Veterinary Hematology Analyzers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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