The global veterinary point of care blood gas analyzers market size reached US$ 63.5 million in 2023. The market is projected to reach US$ 90.4 million by 2032, exhibiting a growth rate (CAGR) of 4.01% during 2023-2032. The widespread adoption of companion animals, the growing consumer awareness regarding the importance of livestock health, and the increasing need for point of care testing (POCT) represent some of the key factors driving the market.
Veterinary point of care (PoC) blood gas analyzer are compact handheld devices typically used in veterinary clinics for point of care blood testing. Point of care blood gas analyzers are considered as advanced solutions to evaluate the potential of hydrogen (PH) levels, electrolytes, blood gases metabolites, and various diseases. They offer convenience of usage with better clinical results and therefore find extensive applications in clinics, research centers, and laboratories. Veterinary PoC blood gas analyzers are widely used in veterinary centers and research laboratories dealing with animal health concerns.
Veterinary point of care (PoC) blood gas analyzer are compact handheld devices typically used in veterinary clinics for point of care blood testing. Point of care blood gas analyzers are considered as advanced solutions to evaluate the potential of hydrogen (PH) levels, electrolytes, blood gases metabolites, and various diseases. They offer convenience of usage with better clinical results and therefore find extensive applications in clinics, research centers, and laboratories. Veterinary PoC blood gas analyzers are widely used in veterinary centers and research laboratories dealing with animal health concerns.
Veterinary Point of Care Blood Gas Analyzers Market Trends
Steadily increasing pet ownership represents one of the key factors driving the market growth. In line with this, the widespread adoption of companion animals, such as canines, cats, and rabbits, especially by nuclear families, are driving the market growth. The rising awareness regarding the importance of animal health is acting as another growth-inducing factor. Moreover, the increasing demand for POC testing systems over laboratory testing solutions to detect multiple zoonotic diseases instantly with better clinical outcomes are supporting the market growth. PoC testing systems help analyze multiple disorders, including ringworm, pox, piglet diarrhea, scour, rabies, black quarter, and other ailments amongst companion animals in a rapid and more effective manner, which is positively supporting the market growth. Additionally, the favorable initiatives undertaken by governments of several nations to allow the rapid establishment of veterinary clinics and equip them with advanced medical systems are contributing to the market growth. Furthermore, the escalating infection rate amongst pet animals, especially during the COVID-19 pandemic and the enforcement of nationwide lockdowns, facilitated the demand for residential PoC testing, which can be performed at home. This, in turn, is favoring the market growth significantly. This can be further attributed to significant technological advancements in the existing healthcare systems in terms of results, accuracy, ease of handling, efficacy, and convenience. Other factors, such as the recent improvements in the healthcare infrastructure, the continuous research and development (R&D) activities, and strategic collaborations amongst key players to engineer new PoC blood gas analyzers, are creating a positive outlook for the market.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global veterinary point of care blood gas analyzers market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on modality type, animal type and end user.Modality Type Insights:
- Portable Analyzers
- Handheld Analyzers
Animal Type Insights:
- Companion Animals
- Poultry and Dairy Animals
- Livestock Animals
- Others
End User Insights:
- Veterinary Clinics
- Veterinary Laboratories
- Others
Regional Insights:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global veterinary point of care blood gas analyzers market. Detailed profiles of all major companies have also been provided. Some of the companies covered includes Chengdu Seamaty Technology Co. Ltd., Edan Instruments Inc., Heska Corporation, IDEXX Laboratories Inc., i-SENS Inc., Nova Biomedical Corporation, Sensa Core Medical Instrumentation Pvt. Ltd., Vepalabs, Zoetis Inc., etc.Key Questions Answered in This Report:
- How has the global veterinary point of care blood gas analyzers market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global veterinary point of care blood gas analyzers market?
- What are the key regional markets?
- Which countries represent the most attractive veterinary point of care blood gas analyzers markets?
- What is the breakup of the market based on the modality type?
- What is the breakup of the market based on the animal type?
- What is the breakup of the market based on the end user?
- What is the competitive structure of the global market?
- Who are the key players/companies in the global veterinary point of care blood gas analyzers market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Veterinary Point of Care Blood Gas Analyzers Market
6 Market Breakup by Modality Type
7 Market Breakup by Animal Type
8 Market Breakup by End User
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Chengdu Seamaty Technology Co. Ltd.
- Edan Instruments Inc.
- Heska Corporation
- IDEXX Laboratories Inc.
- i-SENS Inc.
- Nova Biomedical Corporation
- Sensa Core Medical Instrumentation Pvt. Ltd.
- Vepalabs
- Zoetis Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 63.5 Million |
| Forecasted Market Value ( USD | $ 90.4 Million |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
