PUBLISHER: Allied Market Research | PRODUCT CODE: 1070528
PUBLISHER: Allied Market Research | PRODUCT CODE: 1070528
The global veterinary point of care blood gas analyzers market was valued at $375.9 million in 2020, and is projected to reach $580.01 million by 2030, registering a CAGR of 4.3% from 2021 to 2030.
Veterinary point-of-care blood gas analyzers consist of small, handheld analyzers used for blood testing to measure pH, electrolytes, metabolites, and blood gases in animals. Point-of-care blood gas analyzers offer convenience and faster outputs, and are thus widely used in veterinary settings that include academic veterinary medical centers, private clinics, and remote area veterinary medical centers.
The veterinary point of care blood gas analyzers market is expected to grow at a significant rate during the forecast period, owing to rise in animal health awareness, surge in expenditure on animal welfare, and increase in adoption of companion animals. For instance, according to the European Pet Food Industry Federation (FEDIAF), at least one pet animal was owned in an estimated 85 million European households in 2019. In addition, POCT (Point-of-care testing) has attracted attention of veterinary practitioners majorly due to faster results, accuracy, advance technologies, ease of handling, and test convenience further fuel growth of the market. Moreover, availability of technological advanced blood gas analyzers boost growth of the market. However, poor demand veterinary point of care blood gas analyzer in under developed countries hamper growth of the market. On the other hand, key manufacturers are in the process of expanding their veterinary point of care blood gas analyzer business in emerging nations such as China and India, owing to rise in animal health awareness in these countries is expected to offer profitable opportunities for growth of the market during the forecast period.
The global veterinary point of care blood gas analyzers market is segmented on the basis of modality type, animal type, end user, and region. On the basis of modality type, the market is divided into portable analyzers and handheld analyzers. By animal type, it is classified into companion animals, poultry & dairy animals, livestock animals, and others. According to end user, it is classified into veterinary clinics, veterinary laboratories, research laboratories, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key market players profiled in the report include Edan Instruments, Inc., Heska Corporation, IDEXX Laboratories, Inc., i-SENS, Inc., LifeHealth, LLC., Nova Biomedical, Seamaty Technology, Sensa Core Medical Instrumentation, and Vepalabs, Zoetis Inc. (Abaxis, Inc.).