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Veterinary Chemistry Analyzer Global Market Report 2025: Soaring Market Growth Prediction with 11.6% CAGR and Enhanced Technology Trends
Veterinary Chemistry Analyzer Market
What Is The Projected Market Size Of The Global Veterinary Chemistry Analyzer Global Market Report 2025 And Its Growth Rate?
• The market size was $1.99 billion in 2024 and is expected to reach $2.22 billion in 2025, growing at a CAGR of 11.6%.
• The growth in the historic period can be attributed to key factors such as increasing pet ownership, veterinary care advancements, high occurrence of animal diseases, focus on preventive healthcare, and an increase in livestock farming.
• The market size is projected to further expand to $3.4 billion by 2029 with a CAGR of 11.3%.
• Growth in the forecast period is mainly driven by a rapid surge in pet insurance, emergence of point-of-care testing, advancement in connectivity and data management, personalized veterinary medicine, research development expansion, and increased awareness of zoonotic diseases in veterinary diagnostics.
What Is Driving The Growth In The Veterinary Chemistry Analyzer Global Market Report 2025?
The market is expected to witness substantial growth due to a notable increase in pet adoption globally. Pet adoption signifies taking responsibility for a pet animal and providing it with a permanent home. As the trend of adopting and therefore providing veterinary care to pets increases, so does the demand for precise and fast diagnostic equipment for animal ailment diagnosis and treatment. Veterinary chemistry analyzers are essential for veterinary clinics and laboratories as they allow prompt and accurate test results of animal blood, urine, and other body fluids. For instance, according to a survey published by Animal Medicines Australia (AMA) in November 2022, nearly half of Australian households own at least one dog, making them the most common pet. This surge in pet adoption is therefore instrumental in driving the growth of the veterinary chemistry analyzer market.
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Who Are the Key Players Driving Veterinary Chemistry Analyzer Global Market Report 2025 Growth?
The market comprises major players such as:
•IDEXX Laboratories Inc.
•Arkray Inc.
•Heska Corporation
•Alfa Wassermann Inc.
•Randox Laboratories
•Eurolyser Diagnostica GmbH
•DiaSys Diagnostic Systems GmbH
•Chengdu Seamaty Technology Co. Ltd.
•Abaxis Inc.
•Skyla Corporation
•Biochemical Systems International S.p.A.
•Zoetis Inc.
•URIT Medical Electronic Co. Ltd.
•Diconex SA
•Diatron MI plc, HORIBA ABX S.A.
•Bionote Inc.
•Carolina Liquid Chemistries Corporation, Bioevopeak Co. Ltd.
•Fujifilm Holdings Corporation
•Scil Animal Care Company GmbH
•ProtectLife International Biomedical Inc.
•Beckman Coulter Inc.
•Bio-Rad Laboratories Inc.
•Boule Diagnostics AB
•Catalyst Biosciences Inc.
What Are The Key Trends In The Veterinary Chemistry Analyzer Global Market Report 2025?
The forecast period will witness key trends such as:
•The growth of point-of-care testing.
•Multiparameter analysis.
•Integration of connectivity features.
•Miniaturization and portability of analyzers.
•A surge in wellness testing.
What Are The Segments Of The Global Veterinary Chemistry Analyzer Global Market Report 2025?
The market is segmented as:
•By Type: Benchtop and Portable.
•By Product: Instruments, and Consumables.
•By Animal: Companion Animals and Livestock.
•By Application: Blood Chemistry Analysis, Urinalysis, Glucose Monitoring, and Blood Gas and Electrolyte Analysis.
•By End Use: Veterinary Hospitals and Clinics, Point-Of-Care Testing, and Other End Uses.
Which Region Leads The Veterinary Chemistry Analyzer Global Market Report 2025?
In 2024, North America was most prominent region in the veterinary chemistry analysis market, while the Asia-Pacific region is projected to be the fastest-growing during the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Veterinary Chemistry Analyzer Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Veterinary Chemistry Analyzer Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Veterinary Chemistry Analyzer Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Veterinary Chemistry Analyzer Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Veterinary Chemistry Analyzer Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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