NEW YORK, Oct. 23, 2023 /PRNewswire/ -- A latest research report [110+] pages with 360-Degree visibility, titled "Veterinary Chemistry Analyzer Market Share, Size, Trends, Industry Analysis Report, By Type (Benchtop, Portable), By Product, By Species, By Application, By End-use, By Region, And Segment Forecasts, 2023 - 2032" published by Polaris Market Research in its research repository.
"According to research report, the global veterinary chemistry analyzer market size/share was valued at USD 2.50 Billion in 202 and is expected to touch USD 8.26 Billion by 2032, growing at a CAGR of 12.7% during the forecast period."
Global Veterinary Chemistry Analyzers Market: Report Overview
A veterinary chemistry analyzer is a medical device utilized in veterinary clinics and laboratories to scrutinize several variables in animal blood, urine, and other bodily fluids. These analysers offer speedy and precise outcomes, helping in the recognition of the treatment of animal illnesses. The rapidly rising demand for the veterinary chemistry analyzer market can be attributed to the fact that they have become important instruments in veterinary diagnostics, offering priceless information about an animal's health standing and helping in the diagnosis and discernment of several illnesses. These diagnostic instruments are engaged for assay and biochemical testing in veterinary medicines for experimenting with animal diseases.
The escalating population of animals and growth in the acquisition of pets is anticipated to influence the growth of the global market. With the growing acquisition of pets, requests for healthcare sustenance and pet insurance will continue to increase. The pervasiveness of zoonotic illnesses has caused a growth in consciousness in the context of animal healthcare. Additionally, increasing the aggregate of veterinary proponents is likely to push the sales of the market.
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Veterinary Chemistry Analyzer Market Outlook
Report Attributes | Details |
Market value in 2023 | USD 2.81 Billion |
Market value in 2032 | USD 8.26 Billion |
Growth rate | 12.7% from 2023-2032 |
Base year | 2022 |
Historical data | 2019-2021 |
Forecast period | 2023-2032 |
Significant Segmental Breakdown
Based on type, the benchtop analyzers segment accounted for the biggest market share. The veterinary chemistry analyzer market demand is on the rise due to the approval of benchtop analyzers is pushed by several benefits involving task automation, lessened possibility for physical fallacies, and escalated extent of perfection and exactness. These analysers are specifically efficacious in detecting certain illnesses in companion animals, which bestows notably to this segment's dominant position.
Based on application, the blood chemistry segment dominated the market. The veterinary chemistry analyzer market trends include the dominance attributed to increasing incidents of zoonotic illnesses and an increasing community of veterinary practitioners. Worldwide, as per WHO, zoonotic illnesses are responsible for roughly one billion cases of diseases and millions of deaths yearly. Zoonotic also devise more than 60.0% of contemporarily reported infectious illnesses worldwide.
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Regional Analysis
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