Veterinary Chemistry Analyzer Market

Veterinary Chemistry Analyzer Market Size Survey Report – In a Glance

As per the survey report on global Veterinary chemistry analyzer market, the market is projected to foresee a CAGR of 9.4% between 2024-2033, and further generate a market size of USD 3.7 billion revenue by the end of 2033. In the year 2024, the market size was valued at USD 1.8 billion revenue.

• The global Veterinary chemistry analyzer market is projected to grow on account of the increasing incidence of livestock and pet diseases.
• In Japan, the Veterinary chemistry analyzer market growth can be attributed to the surge in animal adoption.
• KDMI analyst’s growth analysis foresees elevated costs of laboratory instruments to challenge the market growth.
• North America, having the highest market share in the Veterinary chemistry analyzer market, is projected to dominate the global market.

Veterinary Chemistry Analyzer Market Analysis

A veterinary chemistry analyzer is a laboratory device in veterinary medicine used to measure biochemical components in animal body fluids like blood, urine, plasma, and serum. It assists in identifying diseases, evaluating organ health, and tracking medical treatments. In recent times, due to global warming, intensive livestock farming, deforestation, and other environmental shifts, there has been a surge in outbreaks of animal diseases. In the first half of 2024, 55 countries and territories recorded 3,800 wildlife disease outbreaks, affecting 151 species with eight diseases and totaling over 11,500 reported cases. This increasing incidence of livestock and pet diseases raises the need for veterinary chemistry analyzers enabling swift diagnosis, medical intervention, and monitoring, boosting the global market demand.

IDEXX Laboratories, Inc., Zoetis, Mars Inc. (Heska Corporation), are some of the significant parties in the global market for Veterinary chemistry analyzer.

Analyst’s Observation on Japan Veterinary Chemistry Analyzer Market Survey

In Japan, the market growth for Veterinary chemistry analyzer can be attributed to the surge in animal adoption. The pet market in the country has flourished in recent years, reflecting a strengthening relationship between people and their pets along with a continuous rise in pet care products and services. According to estimates, the country’s pet and pet equipment retail market stood at roughly $12.4 billion in fiscal year 2023, experiencing a 4.5% growth over 2022. Hence, the surge in animal adoption leads to more veterinary visits, driving the need for veterinary chemistry analyzers for accurate disease detection and treatment, ultimately supporting the expansion of the veterinary diagnostic equipment market. HORIBA Medical is one of the significant parties in the market for Veterinary chemistry analyzer in Japan.

Veterinary Chemistry Analyzer Market Growth Drivers and Challenges

Growth Drivers

Rising demand for animal wellness:

A key factor driving the veterinary chemistry analyzer market is the rising demand for animal wellness and animal health tracking. Nowadays, veterinary medicine is becoming more essential for global health and food security. With urban incomes rising and increasing consumption of animal-based foods, livestock and poultry industries are also expanding rapidly. Moreover, animal healthcare improves livestock productivity, reducing food scarcity, poverty, health risks, and environmental concerns, aligning with the UN’s 2030 Sustainable Development Goals. With more people adopting pets and focusing on animal well-being, demand increases for these analyzers to assess blood chemistry, electrolytes, and hormone levels in animals. It is essential for proper diagnosis, disease monitoring, and treatment. Therefore, the increasing pet adoption and escalating livestock care needs are driving veterinary professionals to use advanced analyzers, fueling global market growth.

Advancement in veterinary diagnostic tools:

The evolution of veterinary medicine has led to better animal health and longevity while benefitting wildlife conservation. Breakthroughs in diagnostics and treatments have revolutionized veterinary medicine over the past decades. Modern technological advancements are transforming veterinary healthcare, enhancing its accuracy and efficiency. Artificial intelligence (AI), 3-D printing, advanced diagnostics, biomarkers and genetic testing, telemedicine, wearables, virtual reality and electronic health records are among the key innovations driving this change, helping veterinary professionals make more precise decisions. In January 2022, Johns Hopkins University reported that the Smart Tissue Autonomous Robot (STAR) had successfully completed multiple laparoscopic surgeries on pig soft tissue, consistently achieving better results than humans. Therefore, technological progress is a key driver of the veterinary chemistry analyzer market due to enhanced accuracy, reliability, and user-friendliness.

Restraints

Elevated costs of laboratory instruments:

The elevated costs of laboratory instruments like veterinary chemistry analyzers basically pose challenges for small clinics and research institutions. Costly maintenance along with upkeep expenses further challenge their adoption and limit investments in veterinary diagnostics and research or scientific studies, thereby, hindering the overall veterinary chemistry analyzer market across the globe.

Lack of trained experts:

Proper handling and data interpretation of veterinary chemistry analyzer require skilled professionals. However, lack of trained experts or qualified veterinarians restricts adoption of the product, slowing market growth and limiting the widespread use of modern veterinary diagnostic tools and research solutions in veterinary medicine, eventually constraining the global market of the device.

Veterinary Chemistry Analyzer Market Segmentation

Our experts at KD Market Insights have segmented the global Veterinary chemistry analyzer market research report as:

Veterinary Chemistry Analyzer Market Regional Synopsis

In line with global patterns, North America has a thriving veterinary chemistry analyzer market and is substantially fueled by growing veterinary healthcare investment, quick urban development, increasing demand for smart technologies, and well-developed framework. Another key growth driver of the regional market is the heightened government initiatives promoting veterinary research and development. The United States is the major participant in the market growth, holding the largest revenue share in the region. The share of U.S. homes with dogs and cats have steadily grown.The growing pet and livestock disease occurrence, escalating number of technological innovations, the rising requirement for innovative technology options, the increase in partnerships, and the existence of top-tier companies that are mainly engaged in the research and development of new devices for specific healthcare areas have driven up the need for services.

The Asia-Pacific (APAC) region encompassing countries like China, India, Japan, and South Korea has established itself as the quickest growing veterinary chemistry analyzer market during the forecasted period. The prime factor for the market growth in the region is elevating animal population, rising adoption of pets and government-backed scheme for the domestic medical device industry. Additionally, the rising awareness about animal health also plays a prime role in the market boom in the region.

In the European region, the growing pet ownership, technological progress in veterinary diagnostics and increasing prevalence of animal diseases is making a significant impact on the progression of the market. The market growth is further propelled by the increasing accessibility of better veterinary services and amplified attention to R&D activities. On the other hand, Germany and the U.K. are also recording impressive growth in the veterinary chemistry analyzer market. In Germany, the market expansion is mainly due to the increasingly strict governmental policies, increasing advanced veterinary diagnostic tools, favourable reimbursement policies, growing veterinary product launches and advanced quality management systems. Lastly, in the United Kingdom, the veterinary chemistry analyzer market is majorly driven by its smart and high-performance veterinary equipment production which further guarantees quality control, balances production expenses, and enhances pet safety.

Veterinary Chemistry Analyzer Market Competitive Landscape

Some of the key players who top the global Veterinary chemistry analyzer market share:

• Diconex SA
• Elitechgroup
• Eurolyser Diagnostica GmbH
• Heska Corporation
• Randox Laboratories Ltd.
• Urit Medical Electronic Group Co. Ltd.
• IDEXX Laboratories, Inc.
• Biochemical Systems International Srl
• Abaxis Inc.
• Alfa Wassermann Inc.
• Arkray Inc.
• Chengdu Seamaty Animal Co Ltd.
• Diasys Diagnostic Systems GmbH

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Veterinary Chemistry Analyzer Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Analyzer
      2. By Product
      3. By Application
      4. By End-user
      5. By Region
5. Market Segmentation by Analyzer
   1. 1. Bench-top analyzer
      2. Portable analyzer
      3. Others
6. Market Segmentation by Product
   1. 1. Instruments
      2. Consumables
      3. Others
7. Market Segmentation by Application
   1. 1. Blood chemistry analysis
      2. Blood gas and electrolyte analysis
      3. Urine analysis
      4. Others
8. Market Segmentation by End-user
   1. 1. Veterinary hospitals and clinics
      2. Veterinary diagnostic centers
      3. Others
9. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
         4. South Korea
         5. Market Size and Forecast
         6. Key Trends and Developments
         7. Market Analysis by Analyzer, Product, Application and End-user
      5. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Analyzer, Product, Application and End-user
10. Competitive Landscape
    1. Market Share Analysis
    2. Company Profiles
       1. Diconex SA
       2. Elitechgroup
       3. Eurolyser Diagnostica GmbH
       4. Heska Corporation
       5. Randox Laboratories Ltd.
       6. Urit Medical Electronic Group Co. Ltd.
       7. IDEXX Laboratories, Inc.
       8. Biochemical Systems International Srl
       9. Others
11. Strategic Recommendations
12. Appendix
    1. List of Tables
    2. List of Figures
13. References