Veterinary Hematology Analyzers Market Analysis

Veterinary Hematology Analyzers Market Analysis

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Based on product, the global veterinary hematology analyzers market is segmented into table-top and point-of-care analyzers. The table-top analyzers segment is subdivided into fully automatic and semiautomatic analyzers. Whereas the point-of-care analyzers segment is subdivided into cartridge-based and direct sample-based analyzers. The table-top analyzers segment accounted for the largest market share in 2022. The market size of table-top analyzers segment in 2022 was estimated around USD 61.0 million and is expected to grow at CAGR of 15.2%. The factors such as ease of use, low cost and low maintenance of the devices contribute to the growth of this segment. The table-top analyzers are widely used in veterinary clinics and hospitals.
 

Based on analysis parameter, the global market is classified into 3-part WBC differential, 5-part WBC differential and other parameters. The 3-part WBC differential segment held the highest market share of 47.7% in 2022. The 3-part BC differential provides count for monocytes, neutrophils, and lymphocyte. They are most commonly used in veterinary hospitals, clinics and reference laboratories due to cost-effectiveness and efficacy. It provides accurate analysis for detecting viral and bacterial infection in animals. These factors collectively facilitate the growth of this segment.
 

Based on animal type, the global veterinary hematology analyzers market is subdivided into companion animals and livestock animals. The companion animal segment is segmented into dogs, cats, horses, and other companion animals. The livestock animal segment is segmented into cattle, poultry, swine, and other livestock animals. The companion animal segment accounted for the largest market share around 82.5% in 2022. The highest share of this segment is attributed to factors such as rapidly growing adoption of companion animals like dogs and cats in developed countries, increasing number of clinical visits including bloodwork for companion animals, rising focus on pet health, increasing adoption of pet insurance and healthcare expenditure.
 

Based on end-user, the global market is classified into veterinary hospitals & clinics, veterinary reference laboratories, point-of-care testing, and veterinary research & academic institutes. In 2022, the veterinary hospitals and clinics segment held the highest market share in this market and is expected to grow at CAGR of 16.3% during the forecast period. The increasing prevalence of animal diseases for which the hematology analyzers are used as a diagnostic tool increases the demand for this market. The increasing number of clinical visits including bloodwork and increasing adoption of hematology analyzers for detecting and treating different diseases in animals will facilitate in the growth of the global veterinary hematology analyzers market.
 

Based on region, the global market is subdivided into North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa. In 2022, North America veterinary hematology analyzers market was evaluated to be around USD 42.1 million due to the increasing adoption of pet insurance, the rapidly growing number of companion animals, the increased focus on animal health, and availability of technologically advanced healthcare structure. In the North America veterinary hematology analyzers industry, the U.S. segment dominated the market share in 2022 due to the rising adoption of pets and pet insurance, rising prevalence of animal diseases, and increasing animal medicalization rate.
 

Asia Pacific market for veterinary hematology analyzers is expected grow at the highest CAGR during the forecast period. The factors such as growing number of pets, increasing incidences of animal diseases, and increasing awareness about animal health are expected to drive the regional market statistics.