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North America Veterinary Hematology Analyzers Market Analysis Report – Segmented By Product, Analysis Parameter, End User & Country (The United States, Canada and Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: March, 2023
ID: 6574
Pages: 145
Formats: report pdf report excel report power bi report ppt

North America Veterinary Hematology Analyzers Market Size (2022 to 2027)

The size of the North America Veterinary Hematology Analyzers market was around USD 278.14 million in 2022. It is expected to grow at a CAGR of 6.3% to reach USD 377.52 million by 2027. It captures 35% of the global market.

Zoos, veterinarians, and research labs employ veterinary hematology analyzers to perform blood tests such as complete blood counts, white blood counts, coagulation tests, and other assays.

The growth of the veterinary hematology analyzers market in North America is driven by increased awareness of animal healthcare and the rising incidence of zoonotic illnesses, and a rise in demand for food generated from animals. Additionally, the market benefits from increased measures conducted by governments and non-governmental organizations to enhance animal health by providing improved veterinary healthcare infrastructure. Furthermore, advances in diagnostic technologies, which produce safe, automated, and easy-to-use hematology analyzers, are projected to further fuel market expansion.

A rise in the number of animals and an increase in demand for animal-derived products are expected to enhance marketing in the coming years. Moreover, throughout the predicted period, an increase in food-borne disorders is expected to drive the market. As a result, fully-automated analyzers are becoming more popular due to their outstanding efficiency, speed, and precision. Abaxis' VETSCAN HM5 is a five-part differential hematology analyzer that displays a comprehensive 22-parameter complete blood count (CBC) with cellular histograms on an easy-to-read touch-screen. It's the best hematology system for veterinary clinics, research labs, and pharmaceutical and biotech firms.

However, the growth of the Noth American Veterinary hematology analyzers market is expected to be restrained by the need to reduce their costs to make them affordable for all animals. It is difficult for the market to grow in some parts of the region because of the poor healthcare quality. Another hindrance to market growth is the lack of qualified healthcare professionals. In some countries, there is a shortage of government initiatives designed to raise awareness, hindering the market growth. Moreover, the overall market collapsed due to COVID-19, various obstacles in supply chains, and the downturn in the world economy also lowered the market's development.

This research report on the Noth American 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:

  • The United States
  • Canada
  • Rest of North America

Geographically, North America is the current market leader and is expected to remain so in the forecast mentioned above period. Higher adoption of pets, an increasing number of clinics, and rising disposable income are a few factors attributable to the observable trend mentioned above. The government's increased focus on improving healthcare has boosted the market for this region. This region has been able to stay ahead of other areas because of the rising animal population and greater awareness. Also contributing to this region's growth is an increase in veterinary clinics.

The United States dominates the Veterinary Haematology Analysers Market in North America. In the United States, the market for veterinary hematology analyzers was worth USD 174.4 million by 2020. There has been an increase in understanding of various animal illnesses and the benefits of early diagnosis in the United States. This has been a crucial factor in expanding the veterinary hematology analyzers market in this area.

Canada dominates the North American Veterinary Haematology Analysers Market following the United States. As one of the world's fastest-growing economies, Canada has experienced a surge in its inhabitants' disposable money and pet adoptions. By these factors, steady growth is expected from the Canadian market.

KEY MARKET PLAYERS:

Companies playing a dominating role in the North American veterinary hematology analyzers market profiled 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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