Veterinary Hematology Analyzers Market: By Product Type (Table Top Analyzers (Semi-automatic Analyzers, Fully-automatic Analyzers), Point of Care Analyzers (Direct Sample Based, Cartridge Based)), By End User (Veterinary Diagnostic Centers, Research Institutions, Veterinary Hospitals, Veterinary Clinics, In-House Testing) and Geography

Veterinary Hematology Analyzers Market was valued at USD 943.5 million in 2022 and is anticipated to grow at a CAGR of 4.8% over 2023-2029. The veterinary haematology analyzers are the specialised diagnostic instruments developed particularly to analyse blood samples from animals, including companion animals (such as dogs and cats), livestock (such as cattle and horses), and laboratory animals (such as mice and rats). Hematology analyzers are important in veterinary practice because they provide precise and complete blood cell counts and other haematological data, which help in the early diagnosis, monitoring, and treatment of many animal illnesses. The veterinary hematology analyzers market has grown significantly as a result of the increased prevalence of different animal illnesses, rising pet adoption rates, and rising need for improved diagnostic instruments in veterinary clinics and laboratories.

According to Health for Animals data, one in every five farm animals dies from sickness each year, while many more endure the consequences of illness. Animal health tools such as Haematology Analyzers aid in the detection and treatment of various diseases, resulting in fewer animals dying as a result of the disease. In addition, the increasing focus on animal health and wellness, along with development of advanced hematology analyzers with features such as multi-parameter analysis, high throughput capabilities, and improved accuracy has also contributed to market growth. Moreover, with the growing demand for animal-derived products and the need for efficient disease management in livestock the demand for hematology analyzers is anticipated to burgeon the growth of the market iver the forecast years. However, high cost associated with the advanced haematology analyzers and the limited availability of skilled veterinary professionals poses challenges to the growth of the veterinary hematology analyzers market. The continuous advancements in technology made by key market players have resulted in the development of more sophisticated and user-friendly veterinary hematology analyzers, which again contribute to the development of veterinary hematology analyzers market. For instance, in March 2022, Lifotronic Technology Co., Ltd. launched a veterinary hematology analyzer, Hematology Analyzer AC610 vet.

Veterinary Hematology Analyzers Market Key Developments:

• In August 2020, IDEXX launched a new ProCyte One Hematology Analyzer with exceptionally simplified user experience that delivers consistent, accurate results at the point of care.
• In May 2018, Zoetis Inc. announced the complete acquisition of Abaxis for US $83 per share in cash, or approximately $2.0 billion in aggregate.