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Asia Pacific Veterinary Hematology Analyzers Market Analysis Report – Segmented By Product, Analysis Parameter, End User & Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) -Industry Size, Share, Trends & Growth Forecast (2024 to 2029)

Published: March, 2023
ID: 6577
Pages: 145
Formats: report pdf report excel report power bi report ppt

APAC Veterinary Hematology Analyzers Market Size (2024 to 2029)

The size of the Veterinary Hematology Analyzers market in the Asia Pacific was around USD 185.74 million in 2024. It is expected to grow at a CAGR of 7.5% to reach USD 266.65 million by 2029. It captures 20% of the global market.

Some of the significant factors that are likely to augment the growth of the Asia Pacific veterinary hematology analyzer market during the forecast period include the rising number of animals suffering from zoonotic diseases, the growing animal population, the increasing demand for animal-derived food coupled with rising food-borne diseases, and the increasing number of government initiatives to raise awareness about animal health. In addition, increasing technological advancements in the field of animal healthcare, as well as increased research and development activities, further contribute to the expansion of the Asia Pacific veterinary hematology analyzer market by creating enormous potential.

In addition, factors such as increased blood donations, increased prevalence of blood disorders, and increased awareness of specific poisons or climate changes are predicted to favor the expansion of the veterinary hematology analyzers market in the APAC region during the forecast period. Furthermore, the significant increase in disease occurrence among animals in recent years, owing primarily to climate change, is likely to be the primary driver of increased demand for diagnostic tests and procedures.

Furthermore, the increasing longevity of pet animals due to improved diagnostics, a strong emphasis on wellness and disease prevention by both pet owners and veterinarians, and better nutrition have boosted the usage of veterinary diagnostics and drugs. Furthermore, an increase in the number of novel work activities on the lookout and an increase in interest from this nation would create new opportunities for the Asia Pacific Veterinary Hematology Analyzer Market.

However, high costs associated with these devices and a lack of government initiatives in developing economies would likely function as market constraints for the veterinary hematology analyzer's growth in the forecasted timeframe. Therefore, unfavorable market conditions will be the market's biggest and most pressing challenge. In addition, the lack of information about the Veterinary Hematology Analyzer Market, as well as patent expiration from many organizations and the presentation of nonexclusive medications of marked variants, are among the main concerns that pose a challenge to the APAC veterinary hematology analyzers market.

This research report on the APAC veterinary hematology analyzers market has been segmented and sub-segmented into the following categories.

By Product:

  • Table Top Analyzers
    • Fully Automatic Analyzers
    • Semi-Automatic Analyzers
  • Point of Care Analyzers     
    • Cartridge Based
    • Others (Direct Sample Based)

By Analysis Parameter:

  • 2 Part WBC differential      
  • 3 Part WBC differential      
  • 5 Part WBC differential      
  • Others      

By End User:

  • Research Institutes             
  • Veterinary Diagnostic Centers        
  • Veterinary Hospitals and Clinics     
  • Others (Point of care testing, in house testing)  

By Country:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

Geographically, the Asia Pacific is estimated to witness the highest growth rate during the aforementioned forecast period. A large number of livestock animals, a rise in per capita income, and the resultant change in population lifestyle and expenditure patterns are driving the demand for veterinary hematology analyzers in the region.

China is expected to be the fastest-growing market in this region during the forecast period. Rising meat consumption, zoonotic communicable diseases, and rapidly developing animal healthcare would boost the regional market. The demand for veterinary hematology analyzers in the region is driven by many livestock animals, growth in per capita income, and the resulting change in population lifestyle and expenditure patterns. Additionally, increased awareness of treatment and mechanical progress and the rapid acceptance of newer definitions and measurement structures are some of the major factors driving the Chinese veterinary hematology analyzer market.

KEY MARKET PLAYERS:

Notable companies dominating the Asia Pacific veterinary hematology analyzers market analyzed in this report are Drew Scientific Inc., URIT Medical, Boule Medical AB, scil animal care, Mindray, HORIBA Medical, Clindiag Systems, IDEXX Laboratories, Inc., Abaxis, Inc., Heska Corporation, Siemens Healthcare Diagnostics Inc., HemoCue AB, Diatron and Sysmex.

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