Veterinary Chemistry Analyzer Market (Product Type - Chemistry Analyzers, Urine Analyzers, Glucometers, Blood Gas & Electrolyte Analyzers, Consumables; Application Type - Veterinary Hospitals, Veterinary Clinics, Others)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027

The global Veterinary Chemistry Analyzer market gathered revenue around USD 920 Million in 2020 and market is set to grow USD 1.42 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 7.0% during the prediction period 2021 to 2027.

Growth Factors:

The market Growth of the global veterinary chemistry analyzers market is mainly bound to various macro-economic and micro-economic factors. Increasing population of various animals is projected to impact the global market growth of veterinary chemistry analyzer. Surge in the pet adoption is further expected to fuel demand for pet insurance and healthcare maintenance. Moreover, prevalence of diseases has further led to increasing awareness about animal healthcare globally. With the increasing awareness related to animal healthcare, demand for veterinary chemical analyzers is likely to contribute towards the global market growth. Surge in demand for animal healthcare has further led to growing number of practitioners in the veterinary hospitals and clinics. Growing need to maintain animal healthcare is projected to rev up the sales of veterinary chemical analyzer in the global market.

Growing need for conducting the hematology tests will further continue to impact the global market growth over the forecast period. As requirement for delivering accurate results and maximizing the testing facilities arises, sales for veterinary chemistry analyzer is likely to remain high globally. Increasing preference to consume animal derived edible products is further expected to boost demand for veterinary chemistry analyzer in the food industry. With the growing need to eliminate the illegal residue and contamination increases, demand for veterinary chemical analyzers is projected to increase. Imposition of regulations by FDA regarding the elimination of illegal residue and contamination in the animal food product is projected to impact the global market growth of veterinary chemistry analyzers positively. Veterinary chemistry analyzers are further used for testing various animal derived medications and prevalence of zoonotic diseases. Increasing demand for testing prevalence of various diseases in the animals is projected to contribute towards the global market growth of veterinary chemistry analyzers over the forecast period..

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Veterinary Chemistry Analyzer market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Veterinary Chemistry Analyzer market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

Report Coverage

Report Scope Details
Market Size USD 1.42 Billion by 2027
Growth Rate CAR 7.0% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Largest Market North America
Fastest Growing Market Asia Pacific
Segments  Covered Type, Product, Application, End-use and Region
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends 
Companies Mentioned Alfa Wassermann, Inc., Abaxis, Inc., Arkray, Inc., Biochemical Systems International Srl, Diasys Diagnostic Systems GmbH, Chengdu Seamaty Technology Co., Ltd., Eurolyser Diagnostica GmbH, Elitechgroup, Idexx Laboratories, Inc.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Veterinary Chemistry Analyzer market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Regional analysis:

North America spearheaded the market in 2020, by contributing over 40.0% to the overall revenue. Some of the key factors responsible for the dominance of this region are rising animal healthcare expenditure and increasing demand for animal-derived food.

Asia Pacific is projected to be the fastest-growing segment with a CAGR of 10% over the forecast period due to the growing animal population, rising awareness about animal health, and increasing adoption of pets.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Some of the prominent players in the Veterinary Chemistry Analyzer Market include: Alfa Wassermann, Inc., Abaxis, Inc., Arkray, Inc., Biochemical Systems International Srl, Diasys Diagnostic Systems GmbH, Chengdu Seamaty Technology Co., Ltd., Eurolyser Diagnostica GmbH, Elitechgroup, Idexx Laboratories, Inc., Randox Laboratories Ltd.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

  • By Type
    • Benchtop
    • Portable
  • By Product
    • Consumables
      • Reagents
      • Panels
      • Strips
    • Instruments
      • Blood Chemistry Analyzers
      • Urine Analyzer
      • Blood Gas & Electrolyte Analyzer
      • Glucometers
  • By Application
    • Blood Chemistry Analysis
    • Urinalysis
    • Blood Gas & Electrolyte Analysis
    • Glucose Monitoring
  • By End-use
    • Hospitals
    • Clinical Laboratories

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Veterinary Chemistry Analyzer market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Veterinary Chemistry Analyzer market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Veterinary Chemistry Analyzer markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

  • CEOs, VPs, market intelligence managers
  • Procuring and national sales managers technical personnel, distributors and resellers
  • Research analysts and key opinion leaders from various domains

Key Points Covered in Veterinary Chemistry Analyzer market Study:

  • Growth of Veterinary Chemistry Analyzer in 2021
  • Market Estimates and Forecasts (2017-2027)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Veterinary Chemistry Analyzer and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Veterinary Chemistry Analyzer Consumption Analysis
  •  Veterinary Chemistry Analyzer Production Analysis
  •  Veterinary Chemistry Analyzer and Management