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Veterinary Chemistry Analyzer Market by Product Application & Animal - Global Forecast to 2022

Veterinary Chemistry Analyzer Market: Global Forecast until 2022

  • June 2017
  • 198 pages
  • ID: 5006183
In this report:
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The overall veterinary chemistry analyzers market is forecasted to grow at a compound annual growth rate (CAGR) of 8.70 percent between 2017 and 2022, to attain $1205.20M by 2022 from $795.80M in 2017. The rise of this market is essentially attributed to the growing demand for animal-derived food products, growing animal population, increasing pet adoption, increasing demand for pet insurance and increasing animal health expenditure, and rising incidence of zoonotic diseases. Additionally, the growing awareness about animal healthcare and growth in the number of veterinary practitioners and their increasing income levels are further anticipated to drive the increase of this market. Nevertheless, growing pet care costs may hinder the rise of this market to a certain extent.

Established on the type of product, the veterinary chemistry analyzers market is split into instruments and consumables. The consumables segment recorded for the biggest share of the overall veterinary chemistry analyzers market in 2016. The important share of this segment is essentially attributed to the higher adoption of products including preloaded multiple reagent clips & cartridges, preloaded single-slide reagent panels, test strips, and reagents.

Geographically, the overall veterinary chemistry analyzers market is divided into developed sectors and emerging industries. In 2016, the developed markets segment commanded the most important share of the overall veterinary chemistry analyzers market. The big share of this segment is primarily due to the rising adoption of companion animals, increasing pet insurance sector, growing demand for animal-derived food products, and increasing veterinary healthcare expenditure in this area. The emerging markets segment is projected to register the highest compound annual growth rate (CAGR) during the outlook period. Increase in the emerging sectors can be accredited to the growing companion animal ownership, increasing awareness about animal health, rise in the industry demand for animal-derived food products, and increasing per capita animal health expenditure. Among the developed and emerging industries, the U.S.A recorded for the biggest share of overall veterinary chemistry analyzers market.

Some of the main players in this sector are IDEXX Laboratories, Incorporated, Abaxis, Incorporated, Heska Corporation, Randox Laboratories Ltd., ARKRAY, Incorporated, Eurolyser Diagnostica GmbH, Alfa Wassermann Inc., DiaSys Diagnostic Systems, USA, Limited liability company, Chengdu Seamaty Technology Co., Limited, Biochemical Systems International Srl, ELITechGroup, and URIT Medical Electronic Group Co. Ltd.

Segment Research

The veterinary chemistry analyzers market is broken down on the basis of product, application, animal type, and area. Moreover to the in-depth segmentation, the analysis offers an study of the different drivers, market restraints, alternatives, opportunities, and forecasts impacting the veterinary chemistry analyzers market. The market research also includes the vendor DIVE and competitive benchmarking of the top actors, and highlights the increase strategies approved by the main players in the veterinary chemistry analyzers market to collect larger shares.

Why Purchasing This Study Can Help You:

The industry report will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn will facilitate organizations in garnering a greater market share. Companies obtaining the study could use any one or an aggregation of the below-mentioned five strategies (sector entry, product improvement/innovative projects, sector development, business diversification, and opposing assessment) for rising their market shares.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on the product types provided by the top actors in the veterinary chemistry analyzers market. The market research offers an review of the veterinary chemistry analyzers market, by product, application, animal type, and area

- Product improvement/Innovative products: In-depth understanding on the next trends, analysis and growth activities, and recent product launches in the veterinary chemistry analyzers market

- Industry development: Highlighted information about profitable emerging sectors, by product and area

- Industry diversification: Complete information about recent products, increasing geographies, recent evolutions, and market investments in the veterinary chemistry analyzers market

- Opposing assessment: Detailed assessment of market shares, increase strategies, products, and manufacturing competences of the key players in the veterinary chemistry analyzers market

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