GVR Report cover Veterinary Chemistry Analyzer Market Report

Veterinary Chemistry Analyzer Market Analysis Report By Type (Benchtop, Portable), By Product, By Application (Blood Chemistry, Glucose Monitoring, Urinalysis, Blood Gas Analysis), By End-Use, And Segment Forecasts, 2018 - 2025

  • Report ID: GVR-2-68038-503-8
  • Number of Pages: 141
  • Format: Electronic (PDF)
  • Historical Range: 2014 - 2015
  • Industry: Healthcare

Industry Insights

The global veterinary chemistry analyzer market size was estimated at USD 638.7 million in 2016. It is expected to expand at a CAGR of 8.2% over the forecast period. High demand for pet insurance and a rise in pet adoption worldwide are some of the key trends in stoking market growth.

According to the American Pet Products Association (APPA), pet owners in the U.S. spent USD 60 billion on their pets in 2015. A survey by the Consumer Expenditure (CE) estimates that between 1996 and 2012, spending on pets increased by 60.0%. People are willing to spend more on maintaining the health of their pets, which is increasing expenditure on pet care.

U.S. veterinary chemistry analyzer market

Pet insurance can help employees compensate veterinary expenses. As per the findings of the North American Pet Health Insurance Association, less than 1.0% of pets in Canada and the U.S. were covered by an insurance plan in 2014. However, the pet insurance premium grew up to 17.0% in 2015.

Findings by APPA suggest that in the U.S., overall household pet ownership was 68.0% in 2016, rising from 54.0% in 2009. Pet ownership increased to 58.0% in India from 2007 to 2012. The rise in pet ownership is anticipated to boost the overall healthcare spending on pets. According to Petsecure, in 2012, India had the fastest-growing dog population in the world and Brazil had the highest number of small dogs per capita in the world.

Type Insights

Based on type, the market has been segmented into benchtop analyzers and portable analyzers. Benchtop veterinary chemistry analyzers contributed over half of the revenue generation in 2016. Advantages associated with benchtop analyzers such as automation of tasks, reduced manual errors, high accuracy, and precision are supporting their demand worldwide. These analyzers are efficient in diagnosing certain diseases in pets, which is one of the major factors contributing to the largest share held by this segment.

Portable analyzers facilitate bedside monitoring and are mobile. The segment is estimated to post a CAGR of 8.8% during the forecast period owing to ease of use, facility to monitor pets at home, portability, on the spot results, and less requirement of training. Soaring demand for point-of-care analyzers is spurring the growth of the segment.

Product Insights

Based on the product, the market has been bifurcated into consumables and instruments. The consumables segment commanded the leading revenue share in 2016. It is anticipated to post the fastest growth over the forecast period.

Consumables can be further divided into reagents, panels, and strips. Reagents accounted for more than one-third of the consumables segment in 2016. High adoption of consumables including reagents, panels, and strips is likely to augment the overall market. Also, recurring purchase requirement for consumables, easy-to-use reagents, and availability of most reagents in liquid form, which requires no preparation, are factors responsible for the growth of the consumables segment.

The introduction of ready-to-use liquid reagents in an open system is one of the major factors supplementing the growth of the segment. These reagents are affordable, offer longer open stability & flexibility, and enable the production of custom assays.

The instruments segment is projected to progress at a noteworthy CAGR during the forecast period owing to advancements in products. Introduction of automated benchtop and portable analyzers, such as Element POC (Heska Corporation), URIT-31 Vet (URIT Medical), and RX Series (Randox Laboratories Ltd.), is poised to propel the growth of the market. The segment has been further categorized into chemistry analyzers, blood gas & electrolyte analyzers, urine analyzers, and glucometers.

Application Insights

The blood chemistry analysis segment dominated the veterinary chemistry analyzer market in terms of revenue in 2016, owing to the increasing incidence of zoonotic diseases and the rising number of veterinary practitioners. Over the past 10 years, around 75.0% of new diseases that have affected humans have been caused by pathogens originating from animals or animal products.

However, the blood gas & electrolyte analysis segment is expected to register the highest CAGR during the forecast period. The introduction of point-of-care analyzers is leading to an upswing in the demand for blood gas and electrolyte analysis. A growing need for analysis that facilitates test results for both electrolyte and blood count in a given sample of serum, plasma, or urine is anticipated to boost the growth of the segment.

End-use Insights

Based on end-use, the market has been bifurcated into hospitals and central laboratories. The hospital segment held the largest market share and is poised to continue its dominance over the forecast period, as a result of increasing demand for in-house veterinary chemistry analyzers. Rising awareness regarding the benefits of in-house analyzers such as less turnaround time and improved safety with pre-anesthetic testing is stirring up the demand.

Rising incidence of diseases such as diabetes, renal disease, cancer, and abnormalities resulting from long-term medications in animals are some of the major factors estimated to contribute to the growth of the segment. According to mypet.com, one in every 100 dogs that reach the age of 12 develops diabetes and between 1 in 50 and 1 in 500 cats are expected to develop diabetes. According to a survey carried out by Zoetis, Inc., (2012-2014), diabetes diagnosis in pets has increased by 16.0% in cats and 32.0% in dogs.

Regional Insights

North America spearheaded the market in 2016, by contributing over 39.0% to the overall revenue. Some of the key factors responsible for the dominance of this region are rising animal healthcare expenditure and increasing demand for animal-derived food.

Global Veterinary chemistry analyzer market

Asia Pacific is projected to be the fastest-growing segment with a CAGR of 9.4% over the forecast period due to the growing animal population, rising awareness about animal health, and increasing adoption of pets. For instance, according to the India International Pet Trade Affair, the pet population in India was 10 million in 2014. In India, on an average 600,000 pets are adopted every year.

Veterinary Chemistry Analyzer Market Share Insights

Some of the key players in the market are IDEXX Laboratories, Inc.; Abaxis; URIT Medical; Randox Laboratories Ltd.; Heska Corporation; Eurolyser Diagnostica GmbH; DiaSys Diagnostic Systems GmbH; Derechos reservados Diconex; Chengdu Seamaty Technology Co.; Ltd.; and Biochemical Systems International Srl.

Key players are focusing on the development of new products and are entering into distribution and supply agreements with other players to achieve a higher market share. For instance, in July 2017, Eurolyser Diagnostica introduced a new lactate assay for solo point-of-care instruments. This assay is likely to interest veterinarians, who regularly work with diseased animals, especially dogs and racehorses.

Report Scope



The base year for estimation


Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation                     

Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Country scope

U.S., Canada, Germany, UK, China, India, Japan, Brazil, Mexico, South Africa

Report coverage  

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

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Segments Covered in the report

This report forecasts revenue growth at global, regional, & country levels and provides an analysis of industry trends in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the global veterinary chemistry analyzer market based on type, product, application, end-use, and region:

  • Type Outlook (Market Revenue in USD Million, 2014 - 2025)

    • Benchtop

    • Portable

  • Product Outlook (Market Revenue in USD Million, 2014 - 2025)

    • Consumables

      • Reagents

      • Panels

      • Strips

    • Instruments

      • Blood Chemistry Analyzers

      • Urine Analyzer

      • Blood Gas & Electrolyte Analyzer

      • Glucometers

  • Application Outlook (Market Revenue in USD Million, 2014 - 2025)

    • Blood Chemistry Analysis

    • Urinalysis

    • Blood Gas & Electrolyte Analysis

    • Glucose Monitoring

  • End-use Outlook (Market Revenue in USD Million, 2014 - 2025)

    • Hospitals

    • Clinical Laboratories

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • Japan

      • India

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa




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