Veterinary Chemistry Analyzers Market 2019 | Size, Share, Applications, Outlook And Emerging Trends Till 2026 | CMI
Global Veterinary Chemistry Analyzers Market – Insights
A veterinary chemistry analyzer (VCA) is an in-house veterinary equipment used to test blood, urine, and other body fluids of animals. It is used in veterinary hospitals, medical labs, and home settings to measure the concentration of certain metabolites, proteins, electrolytes or drugs in samples of urine, plasma, serum, cerebrospinal fluid and/or other body fluids of animals. VCA is capable of assessing around 12 biochemical tests simultaneously in around 6 minutes and performing several tests such as hematology tests including cell counter for blood counts, immunoassays for detecting antibodies, and tests for ions that measure voltage differences and others. Urine analyzers, blood gas & electrolyte analyzers, and glucometers are some of the types of VCA.
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Increasing population of animals, growing adoption of pets, high prevalence of zoonotic diseases, increasing demand for pet insurance, surge in animal health expenditure, and increasing number of veterinary practitioners are some of the factors that are expected to offer conducive environment for growth of the global veterinary chemistry analyzers market.
Global Veterinary Chemistry Analyzers Market: Drivers
Increasing animal health expenditure is expected to boost growth of the global veterinary chemistry analyzers market over the forecast period. For instance, according to the data published by American Pet Products Association (APPA), in 2018, the total pet healthcare expenditure in the U.S, reached US$ 72.13 billion from US$ 69.51 billion in 2017.
High incidence of zoonotic diseases is also expected to aid in growth of the market. For instance, according to the Centers for Disease Control and Prevention (CDC) in 2017, 3 out of 4 emerging infectious diseases in people are transmitted through animals. Moreover, according to the World Health Organization, in 2015, around 212 million cases of malaria were recorded worldwide and the disease led to 429,000 deaths in the same year.
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Global Veterinary Chemistry Analyzers Market: Restraints
High cost of VCAs is expected to hinder growth of the global veterinary chemistry analyzers market.
Global Veterinary Chemistry Analyzers Market: Regional Analysis
North America is expected to account for the largest market share in the global veterinary chemistry analyzers market over the forecast period. This is attributed to high animal health expenditure and increasing demand for animal-derived food in the region. For instance, according to APPA, in 2017, the total pet industry expenditure, which includes the food, supplies, and over-the-counter medicines was US$ 69.4 billion.
The market in Asia Pacific is driven by factors such as high incidence of vitamin deficiency, bacterial infection, gout in dogs, and increasing animal health awareness.
Global Veterinary Chemistry Analyzers Market: Competitive Landscape
Major players operating in the global veterinary chemistry analyzers market include Abaxis Inc., IDEXX Laboratories Inc., Heska Corporation, DiaSys Diagnostics Systems, Derechos reservados Diconex, URIT Medical, Randox Laboratories Ltd., Eurolyser Diagnostica GmbH, ARKRAY Inc., and Alfa Wassermann Inc.
Global Veterinary Chemistry Analyzers Market: Key Developments
Major players in the market are focused on adopting partnership strategies to enhance their market share. For instance, in April 2015, Horiba UK partnered with USHIO for the distribution of USHIO’s Amishield VCA – a product that can perform biochemistry, electrolytes, and immunoassay diagnostics in the veterinary field.
The market is also witnessing M&A activities. For instance, in May 2018, Zoetis Inc. and Abaxis Inc. announced the definite merger agreement in which Zoetis Inc. will acquire Abaxis Inc. in order to enhance its presence in the veterinary diagnostics sector.
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Major players in the market are focused on launching new products to expand their product portfolio. For instance, in November 2015, Diatron Group, a provider of hematology and clinical chemistry analyzers, launched a new 5-part differential veterinary hematology analyzer- the Abacus Vet5 in Dusseldorf at the Medica show. Similarly, in 2015, Horiba UK launched Amishield VCA at BSAVA tradeshow in Birmingham, U.K.
Other Key Developments
- In 2017, Boule Diagnostics launched Exigo C200, a fully automated chemistry analyzer for animal health
- In 2015, Diatron, a provider of hematology and clinical chemistry analyzers, launched Abacus Vet5, a veterinary hematology analyzer
- In 2015, Horiba Medical Inc. launched AmiShield veterinary clinical chemical analyzer
- In 2014, IDEXX Laboratories Inc. introduced catalyst one chemistry analyzer for animal health diagnosis
- In 2012, Heska Corporartion, a provider of veterinary diagnostic and specialty products, launched Element DC VCA
Global Veterinary Chemistry Analyzers Market Taxonomy
On the basis of modality, the global veterinary chemistry analyzers market is segmented into:
On the basis of product type, the global veterinary chemistry analyzers market is segmented into:
On the basis of animal type, the global veterinary chemistry analyzers market is segmented into:
- Companion Animals
On the basis of application, the global veterinary chemistry analyzers market is segmented into:
- Blood Chemistry Analysis
- Glucose Monitoring
- Blood Gas & Electrolyte Analysis
On the basis of end-user, the global veterinary chemistry analyzers market is segmented into:
- Clinical Laboratories
On the basis of region, the global veterinary chemistry analyzers market is segmented into:
- North America
- Latin America
- Asia Pacific
- Middle East
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