How Has The Veterinary Hematology Analyzers Market Size Evolved In Recent Years?
The veterinary hematology analyzers market has seen considerable growth due to a variety of factors.
•The market size for veterinary hematology analyzers has seen robust growth in recent times. The market is projected to expand from $0.97 billion in 2024 to $1.05 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.
Factors contributing to this growth during the historical period include an increase in pet ownership, advancements of veterinary medicine, rise in animal diseases, heightened consciousness about animal health, and the broadening of veterinary services.
What Is The Projected Growth Of The Veterinary Hematology Analyzers Market?
The veterinary hematology analyzers market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of veterinary hematology analyzers is forecasted to experience robust growth in the coming years, with the valuation expected to reach $1.4 billion in 2029 at a Compound Annual Growth Rate (CAGR) of 7.6%.
This projected growth within the forecast period can be linked to factors like the increase in pet health care spending, expansion in animal research, a rise in pet insurance coverage, and the globalization of veterinary practices. Key trends projected for the forecast period are technological advancements, the implementation of point-of-care hematology testing, the application of remote monitoring and connectivity, a focus on small and unusual creatures, as well as multi-parameter analysis.
What Are The Primary Growth Drivers In The Veterinary Hematology Analyzers Market?
The veterinary hematology analyzer market's growth is projected to accelerate due to the rising incidence of zoonotic diseases in animals. Zoonotic diseases, which are infections transmitted between animals and humans caused by harmful bacteria, viruses, fungi, and parasites, can be rapidly identified through anomalies in blood parameters using veterinary hematology analyzers. This enables veterinarians to swiftly pinpoint zoonotic infections, initiate suitable treatments, and implement crucial preventive actions to halt their spread. For example, the Council on Foreign Relations, a US-based think tank, disclosed in February 2023 that an estimated 60% of recognized infectious diseases and up to 75% of emerging infectious diseases (EIDs) have a zoonotic origin. Consequently, the escalating prevalence of zoonotic diseases in animals fuels the demand for veterinary hematology analyzers.
What Is The Segmentation Of The Global Veterinary Hematology Analyzers Market?
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
Subsegments:
1) By Table Top Analyzer: Fully Automated, Semi-Automated
2) By Point Of Care Analyzer: Handheld Analyzers, Portable Analyzers For Field Use
Pre-Book The Veterinary Hematology Analyzers Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Emerging Trends Are Shaping The Veterinary Hematology Analyzers Market Landscape?
A key trend in the veterinary hematology analyzer market is product innovation, which is increasing in popularity. In order to bolster their market position, numerous prominent companies are focusing on developing novel solutions. Take for example, Zoetis Inc., a veterinary drug firm based in the U.S., which unveiled the VETSCAN IMAGYST platform in April 2022. This unique technology offers AI blood smear, AI fecal, and digital cytology image transfer within one compact device. Designed to complement veterinary hematology analyzers like the VETSCAN HM5 Hematology Analyzer, it can deliver a comprehensive 5-part CBC differential with 22 parameters in under 4 minutes.
Who Are the Key Players in the Veterinary Hematology Analyzers Market?
Major companies operating in the veterinary hematology analyzers market include:
• 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.
What are the Regional Insights into the Veterinary Hematology Analyzers Market?
North America was the largest region in the veterinary hematology analyzer market in 2024. The regions covered in the veterinary hematology analyzers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
