Rising awareness about animal health due to increase in zoonotic diseases and surge in demand of animal-derived food has led to initiatives by governments and food industry to take measures for preventive animal healthcare and improvement in diagnostics. There is being evolution of technology in development of hematology instruments with highly sophisticated automated analyzers, delivering high quality results, high sensitivity, reliability, safety and ease of operation, which is thereby propelling the demand for veterinary hematology analyzers. High adoption of novel technologies is also observed in developed countries which are major markets for veterinary hematology analyzers.

The report titled “Veterinary Hematology Analyzers Market - Growth, Future Prospects and Competitive Analysis, 2017–2025” offers strategic insights into the overall veterinary hematology analyzers market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on type of product, analysis parameters and different geographies. The product types studied for analyzing the overall global veterinary hematology analyzers market are majorly segmented into automated analyzers and semi-automated analyzers. The global veterinary hematology analyzers market is segmented by analysis parameters type into 2 part differential analyzers, 3 part differential analyzers, 5 part differential analyzers and others.

Market size and forecast for these regional and country level markets are presented in this study for the period 2015-2025. Market growth rates for the forecast period 2017-2025 are also included in this report, considering 2016 as the base year. Further cross-sectional presented in terms of product, analysis parameters, end users and constituent region/country level markets is also included in this section.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global veterinary hematology analyzers market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global veterinary hematology analyzers market. This report concludes with company profiles section that highlights major information about the key players engaged in global veterinary hematology analyzers market. In-depth competitive environment analysis and historical (2015) market size data are also provided in the report.

Furthermore, this report concludes with profiling of key market players currently enjoying prominent position in the veterinary hematology analyzers market. The key players profiled in this report are Abaxis, Inc., Boule Medical AB, Clindiag Systems Co., Ltd., Diatron MI PLC, Drew Scientific, Inc., IDEXX Laboratories, Inc., HemoCue AB, Heska Corporation, HORIBA Medical, Mindray Medical International Ltd., Qreserve, Inc., Urit Medical, Rayto Life and Analytical Sciences Co., Ltd., Scil Animal Care Company GmbH, Siemens Healthineers, Sysmex Corporation, Woodley Equipment Company Ltd. and others.

Based on the type of product, the global veterinary hematology analyzers market is segmented as follows: Semi-Automated Analyzers Fully Automated Analyzers Advancement in technology in hematology analyzers has led to development of novel products trying to address the unmet needs such as delivering precise and accurate result, reduction in time and analysis of multiple parameters. The entry of these novel products will drive the growth of veterinary hematology analyzers market. Fully automated analyzers is anticipated to grow in the forecast period and dominate the veterinary hematology analyzers market. There is paradigm shift from semi-automated to automated analyzers in the market due to greater efficiency and precise result. Based on the type of analysis parameter, the global veterinary hematology analyzers market is segmented as follows: 2 Part Differential Analyzers 3 Part Differential Analyzers 5 Part Differential Analyzers Others Arrival of novel technology, and high adoption rate for automated technology in hematology instruments will drive the global veterinary hematology analyzers market in the forecast period. In 2016, 5 part differential analyzers dominate the global veterinary hematology analyzers market. However the demand for 3 part differential analyzer and 5 part differential analyzer is anticipated to grow at same rate over the forecast period. However the price of 5 Part Differential Analyzers is much a higher than part 3. With evolving technology, there is a widespread adoption rate of 6 part differential segment as compared to the other two types. For the purpose of this study, the global veterinary hematology analyzers market is geographically categorized into: North America U.S. Canada Europe U.K. Germany France Rest of Europe Asia Pacific China Japan Rest of Asia Latin America Brazil Rest of Latin America Middle East and Africa GCC Rest of Middle East and Africa In 2016, North America dominated the global veterinary hematology analyzers market followed by Europe. Rise in animal healthcare expenditure, and growth in awareness about zoonotic diseases play significant role in the growth of veterinary hematology analyzers market. Along with these, technological advancement, entry of novel products, and presence of key players are some of the other factors contributing to the growth of the veterinary hematology analyzers market. Rise in adoption of pet animals also augment the growth of veterinary hematology analyzers market in Europe. Asia Pacific is anticipated to be the fastest growing regional market in the forecast period 2017-2025. Rising awareness about animal diseases and healthcare, and increase in disposable income are the major reason for growth of veterinary hematology analyzers market in Asia Pacific market. There is significant focus on emerging economies such as India and China for new opportunities for new players in these markets.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Veterinary Hematology Analyzers market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Veterinary Hematology Analyzers market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Veterinary Hematology Analyzers market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Veterinary Hematology Analyzers market?
• Which is the largest regional market for Veterinary Hematology Analyzers market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Veterinary Hematology Analyzers market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Veterinary Hematology Analyzers market worldwide?