Veterinary Chemistry Analyzer Market Analysis

Veterinary Chemistry Analyzer Market Analysis

The veterinary chemistry analyzer market share from the consumables segment is expected to grow at a CAGR of more than 8.8% by 2032, owing to rising gains for point-of-care testing, a growing pet population, and an increase in the prevalence of chronic diseases such as diabetes and kidney disease, which are common in companion animals, and diagnostic testing is critical in managing these conditions.
 

Veterinary chemistry analyzer market from companion animal segment will have the highest CAGR through 2032, driven by factors such as increased pet ownership, rising prevalence of chronic disease, and expanding importance of preventative treatment. Owners of companion animals are increasingly focused on preventative care, which includes regular examinations and diagnostic testing to detect any health concerns as early as possible. The need for improved diagnostic equipment, like as chemical analyzers, grows together with the demand for specialist veterinary treatment, such as cancer and dermatology.
 

North America veterinary chemistry analyzer market accounted for more than USD 527.2 million in 2022 and is estimated to witness significant growth during the forecast period. The regional growth is attributed to the large pet population, and there has been a growing trend of pet owners seeking out preventive care and regular check-ups for their animals. This has led to an increased progress for diagnostic tools, including chemistry analyzers, in veterinary clinics and hospitals.