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Veterinary Hematology Analyzers Market: Steady growth, enhanced diagnostics, and developing trends forecast till 2029.
Veterinary Hematology Analyzers Market
What Is The Projected Market Size Of The Global Veterinary Hematology Analyzers Market And Its Growth Rate?
• Historic period (2024-2025): From $0.97 billion to $1.05 billion at a CAGR of 7.5%; driven by an increase in pet ownership, advancements in veterinary medicine, the prevalence of animal diseases, and expansion of veterinary services.
• Forecast period (2025- 2029): Expected to grow to $1.4 billion at a CAGR of 7.6%; driven by rising pet healthcare expenditure, growth in animal research, increasing pet insurance coverage, globalization of veterinary practices.
What Is Driving The Growth In The Veterinary Hematology Analyzers Market?
The prevalence of zoonotic diseases is a key driver for the veterinary hematology analyzer market. Zoonotic diseases are infections that may spread between animals and humans. The ability of veterinary hematology analyzers to detect blood parameters anomalies assists in early zoonotic infections identification, timely treatment initiation, and necessary preventive measures. For example, the Council on Foreign Relations estimated that around 60% of known infectious diseases and almost 75% of emerging diseases are zoonotic. Therefore, the rise in zoonotic diseases fuels the veterinary hematology analyzers market.
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Who Are the Key Players Driving Veterinary Hematology Analyzers Market Growth?
• 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.
• 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.
What Are The Key Trends In The Veterinary Hematology Analyzers Market?
Key trends include:
• Technological advancements
• Point-of-care hematology testing
• Remote monitoring and connectivity
• Focus on small and exotic animals
• Multiparameter analysis
What Are The Segments Of The Global Veterinary Hematology Analyzers Market?
The market is segmented into:
1) Product Type: Table Top Analyzer, Point Of Care Analyzer
2) Animal Type: Companion Animal, Livestock Animals
3) Analysis Parameter: 2-Part WBC Differential, 3-Part WBC Differential, 5-Part WBS Differential, Other Analysis Parameters
4) End-Users: Research Institutes, Veterinary Hospitals And clinics, Veterinary Diagnostics Centers, Point-of-care Testing, In-house-Testing, Other End-Users
Which Region Leads The Veterinary Hematology Analyzers Market?
North America emerged as the leading region in the veterinary hematology analyzer market in 2024. The global landscape of the market has diverse regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Veterinary Hematology Analyzers Market Global Market Report?
- Market size analysis
- Market segmentation analysis
- Key player focus
- Growth trends analysis
- Market contribution
- Growth drivers
- Industry challenges
- Competitive developments
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