The Business Research Company’s Veterinary Hematology Analyzers Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Veterinary Hematology Analyzers Global Market Report 2023 evaluates veterinary hematology analyzers market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Anticipations for substantial growth in the global veterinary hematology analyzers market are underscored by the forecasted transition from a valuation of $0.83 billion in 2022 to a projected $0.90 billion in 2023. This upward trajectory is buttressed by a robust compound annual growth rate (CAGR) of 8.7%. Nevertheless, it is paramount to grasp the profound ramifications of the Russia-Ukraine conflict on the prospects of global economic convalescence in the wake of the COVID-19 pandemic. This protracted strife has precipitated a series of cascading repercussions, including economic sanctions imposed on numerous nations, a noticeable surge in commodity prices, and a labyrinth of supply chain disturbances, which collectively contribute to inflationary pressures enveloping a wide spectrum of goods and services. The veterinary hematology analyzers market, despite these challenges, maintains a resolute course towards prosperity, with a projected worth of $1.21 billion by 2027, supported by a CAGR of 7.6%. This progression underscores the market’s endurance and adaptability in navigating through the intricate dynamics of contemporary global crises, spotlighting its pivotal role in ensuring the health and well-being of our animal companions.
The escalating incidence of zoonotic diseases among animals emerges as a potent driving force set to chart the course of growth for the veterinary hematology analyzer market in the foreseeable future. Zoonotic diseases, representing a category of infections that originate from harmful microorganisms such as bacteria, viruses, fungi, and parasites, constitute a perilous bridge between animal and human populations. In this intricate landscape, veterinary hematology analyzers assume an indispensable role as they proactively identify anomalies in crucial blood parameters, affording veterinarians the ability to promptly diagnose zoonotic infections, institute targeted therapeutic interventions, and instigate vital preventative measures aimed at curtailing the transmission of these diseases.
A tangible illustration of the urgency and relevance of this issue can be found in a December 2022 report by the European Food Safety Authority (EFSA), an Italy-based agency serving the European Union, specializing in providing autonomous scientific counsel pertaining to food-related risks. This report disclosed that in 2021, the two most frequently recorded zoonotic diseases affecting humans were campylobacteriosis and salmonellosis, both gastrointestinal disorders. These afflictions collectively accounted for 127,840 and 60,050 human cases, respectively. Notably, this marked an increase of approximately 7,000 cases for each infection in comparison to 2020. Additionally, there was an elevated rate of +0.86 and +1.96 confirmed cases per 100,000 population for campylobacteriosis and salmonellosis in 2021 as opposed to the preceding year.
Ergo, the mounting prevalence of zoonotic diseases within the animal kingdom stands as a compelling impetus galvanizing the veterinary hematology analyzer market. These sophisticated diagnostic tools are instrumental in not only safeguarding animal health but also serve as a crucial buffer against the transmission of zoonoses from animals to humans, thereby safeguarding public health.
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The veterinary hematology analyzers market segments in the report are:
1) By Product Type: Table Top Analyzer, Point Of Care Analyzer
2) By Animal Type: Companion Animal, Livestock Animals
3) By Analysis Parameter: 2-Part WBC Differential, 3-Part WBC Differential, 5-Part WBS Differential, Other Analysis Parameters
4) By End-Users: Research Institutes, Veterinary Hospitals and clinics, Veterinary Diagnostics Centers, Point-of-care Testing, Inhouse-Testing, Other End-Users
The table of contents in TBRC’s veterinary hematology analyzers market report includes:
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Top 5 Major Key Players Are:
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