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Veterinary Hematology Analyzers Market By Product (Semi-Automated Analyzers, Fully Automated Analyzers), By Analysis Parameter (2 Part Differential Analyzers, 3 Part Differential Analyzers, 5 Part Differential Analyzers) - Growth, Future Prospects, And Competitive Analysis, 2017 - 2025

Rising awareness about animal health as a result of an increase in zoonotic diseases and a surge in demand for animal-derived foods has prompted governments and the food industry to take preventive animal healthcare and diagnostics measures. There is an evolution of technology in the development of hematology instruments with highly sophisticated automated analyzers that deliver high-quality results with high sensitivity, reliability, safety, and ease of operation, which is thereby propelling the demand for veterinary hematology analyzers. High adoption of novel technologies is also observed in developed countries, which are major markets for veterinary hematology analyzers.

The report titled "Veterinary Hematology Analyzers Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the overall veterinary hematology analyzers market, along with the market's size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on the type of product, analysis parameters, and different geographies. The product types studied for analyzing the overall global veterinary hematology analyzers market are majorly segmented into automated analyzers and semi-automated analyzers. The global veterinary hematology analyzers market is segmented by analysis parameter type into 2-part differential analyzers, 3-part differential analyzers, 5-part differential analyzers, and others.

The market size and forecast for these regional and country-level markets are presented in this study for the period 2015–2025. Market growth rates for the forecast period 2017–2025 are also included in this report, considering 2016 as the base year. The further cross-sectional analysis presented in terms of product, analysis parameters, end users, and constituent region- or country-level markets is also included in this section.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for a better analysis of the overall market scenario and future prospects. Information such as market drivers, challenges, and opportunities assists the readers in understanding the ongoing trends in the global veterinary hematology analyzer market. Tools such as key player market positioning and an appealing investment proposition provide readers with insights into the competitive landscape of the global veterinary hematology analyzer market. This report concludes with a company profiles section that highlights major information about the key players engaged in the global veterinary hematology analyzer market. In-depth competitive environment analysis and historical (2015) market size data are also provided in the report.

Furthermore, this report concludes with a profile of key market players currently enjoying prominent positions in the veterinary hematology analyzer market. The key players profiled in this report are Abaxis, Inc., Boule Medical AB, Clindiag Systems Co., Ltd., Diatron MI PLC, Drew Scientific, Inc., IDEXX Laboratories, Inc., HemoCue AB, Heska Corporation, HORIBA Medical, Mindray Medical International Ltd., Qreserve, Inc., Unit Medical, Ray to Life and Analytical Sciences Co., Ltd., Scil Animal Care Company GmbH, Siemens Healthineers, Sysmex Corporation, Woodley Equipment Company Ltd., and others.

Based on the type of product, the global veterinary hematology analyzers market is segmented as follows:

  • Semi-Automated Analyzers
  • Fully automated analyzers

Advancement in technology in hematology analyzers has led to the development of novel products that try to address unmet needs, such as delivering precise and accurate results, reducing turnaround time, and analyzing multiple parameters. The entry of these novel products will drive the growth of the veterinary hematology analyzer market. Fully automated analyzers are anticipated to grow in the forecast period and dominate the veterinary hematology analyzer market. There is a paradigm shift from semi-automated to automated analyzers in the market due to their greater efficiency and precision.

Based on the type of analysis parameter, the global veterinary hematology analyzers market is segmented as follows:

  • Two-Part Differential Analyzers
  • Three-Part Differential Analyzers
  • Differential Analyzers with 5 Parts
  • Others

The arrival of novel technology and the high adoption rate for automated technology in hematology instruments will drive the global veterinary hematology analyzers market in the forecast period. In 2016, 5-part differential analyzers dominated the global veterinary hematology analyzers market. However, the demand for 3-part differential analyzers and 5-part differential analyzers is anticipated to grow at the same rate over the forecast period. However, the price of 5-part differential analyzers is much higher than that of 3-part analyzers. With evolving technology, there is a widespread adoption rate for the six-part differential segment as compared to the other two types.

For the purpose of this study, the global veterinary hematology analyzers market is geographically categorized into:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • Rest of Asia
  • Latin America
  • Brazil
  • rest of Latin America
  • Middle East and Africa
  • GCC
  • Rest of the Middle East and Africa

In 2016, North America dominated the global veterinary hematology analyzers market, followed by Europe. The rise in animal healthcare expenditure and the growth in awareness about zoonotic diseases play significant roles in the growth of the veterinary hematology analyzer market. Along with these, technological advancement, the entry of novel products, and the presence of key players are some of the other factors contributing to the growth of the veterinary hematology analyzers market. The rise in the adoption of pet animals also augments the growth of the veterinary hematology analyzer market in Europe. Asia Pacific is anticipated to be the fastest-growing regional market in the forecast period of 2017–2025. Rising awareness about animal diseases and healthcare and an increase in disposable income are the major reasons for the growth of the veterinary hematology analyzers market in the Asia Pacific region. There is a significant focus on emerging economies such as India and China for new opportunities for new players in these markets.

Frequently Asked Question:

The market for Veterinary Hematology Analyzers Market is expected to reach USD$ 1414.4 Mn in 2025.

The Veterinary Hematology Analyzers Market is expected to see significant CAGR growth over the coming years, at 6.9%.

The report is forecasted from 2017 -2025.

The base year of this report is 2016.

Abaxis, Inc., Boule Medical AB, Clindiag Systems Co., Ltd., Diatron MI PLC, Drew Scientific, Inc., IDEXX Laboratories, Inc. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Sep 2017
Category:  Medical Devices
Report ID:   58667
Report Format:   PDF
Pages:   120
Rating:    4.7 (65)
Delivery Time: 24 Hours to 48 Hours   
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