Veterinary Point of Care Blood Gas Analyzers Market | 2030
Veterinary Point of Care Blood Gas Analyzers Market | 2030
Segments - Veterinary Point of Care Blood Gas Analyzers Market By Modality (Portable Analyzers, Handheld Analyzers), By Animals (Companion Animals, Poultry & Dairy animals, Livestock Animals, Others), By End-use (Veterinary Clinics, Veterinary Laboratories, Research Laboratories, Others), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020-2027
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Report Description
Veterinary Point of Care Blood Gas Analyzers Market Outlook
The global veterinary point of care blood gas analyzers market size was valued at USD 52.6 Million in 2019 and is projected to reach USD 70.3 Million by 2027, expanding at a CAGR of 4.0% during the forecast period.
Point of care monitoring refers to outside laboratory medical tests in the vicinity of the patient. Point of care is a vital aspect of treatment that provides accurate and immediate reports in emergency situations.This, in turn, is increasing its adoption, thus boosting the growth of the market. The recent market trends in the point of care blood gas analyzer includes wireless data capture, built-in species reference ranges, and simplified data integration and immediate results.
Point-of-care procedures are medical tests performed close to the patient, outside the laboratory. Point-of-care is an important part of critical care, as it provides reliable and timely emergency results. Veterinary point-of-care blood gas analyzers consist of metabolites, blood gases for blood testing, portable analyzers used to calculate pH, electrolytes, and is lightweight equipment.
These analyzers are used in veterinary settings which include remote area veterinary medical centers and teams, academic veterinary medical centers, and private clinics.They are also used in applications of research universities, biotechnology, government laboratories, and pharmaceutical industries.
Diseases detected by veterinary blood gas analyzers include ringworm, pox, piglet diarrhea or scour, rabies a Black quarter (Black-leg), bovine rhinotracheitis, Johne's disease, Tetanus, theileriosis, and anthrax. Point-of-care tests are practical and can be done at home for all types of preoperative conditions and disease detection for rapid diagnosis and treatment in animals.
Veterinary Point of Care Blood Gas Analyzers Market Dynamics
Increase in the Adoption of Pet and Companion Animals
Humanization has had a major impact on various purchasing decisions. Changing consumer perception of animal health and an increasing tendency to have a pet in nuclear families are therefore several important factors that boost market growth. In the past years, the trend of developing animal health and safety, among animal owners, has increased.
According to the American Veterinary Medical Association survey, in the past five years, the prices for animal welfare and veterinary care increase of 40%. This growth is attributed to the increasing human-animal relationship that determines the desire of consumers to spend more money on their animals. Additionally, this change in the human-animal relationship is expected to increase the demand for veterinary point of care blood gas analyzers.
Growing Number of Veterinary Clinics
Growth in pet population, increase in pet insurance penetration, humanization of pets within the increasing global urban population, and increasing awareness about animal welfare fuel the demand for medical systems for animals.
Moreover, the veterinary industry is growing due to social media. These changes in the animal healthcare system have increased the number of veterinary clinics, which in turn, is expected to increase the sales of veterinary point of care blood gas analyzers.
Poor Demand for the Product in Emerging Nations
The lack of investment in the animal healthcare programs, poor communication systems, and less animal healthcare expenditure are some factors for the less demand of the product in emerging countries. This is also caused due to the lack of awareness among the people of the emerging nations.
Many of the diseases in animals go unnoticed due to unawareness or unfamiliarity of symptoms. The development of the animal’s healthcare has recently grown; however, the growth is less than what has been expected in the past.
Veterinary Point of Care Blood Gas Analyzers Market Segment Insights
Modality Segment Analysis
On the basis of modality, the market has been bifurcated into portable analyzers and handheld analyzers. The portable analyzers segment is projected to dominate the market during the forecast period.
The portable analyzers segment is extensively used in the majority of the veterinary clinic and laboratories, while the handheld analyzers are anticipated to expand at significant CAGR 4.2% due to its efficient performance and ease of movement for conducting the tests on the animals.
Animals Segment Analysis
Based on animals, the market is categorized as companion animals, poultry & dairy animals, livestock animals, and others. The companion animal segment is projected to constitute 46.9% share of the market by 2026 due to increasing demand for companion animal in nuclear families. The livestock animal segment and Poultry & dairy segment is anticipated to expand at considerable CAGR of 3.7% due to consumption of meat and animal by-products during the forecast period.
End-Use Segment Analysis
In terms of end-use, the market is classified as veterinary clinics, veterinary laboratories, research laboratories, and others. In terms of revenue, the veterinary clinic segment is expected to hold a significant market share, as a majority of companion animals are treated in veterinary clinics. The research laboratories segment is estimated to expand at substantial CAGR 3.6% due to the increase in the animal healthcare expenditure and rise in research & development activities.
Regional Analysis
On the basis of regions, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America is a promising region for the market.
It constituted 38.6% share of the market in 2019. The increase in livestock importance, rise in the demand for protein-rich animal foods, growth in the consumption of meat & dairy products, and surge in pet adoption in the US, are expected to boost the demand for point of care blood gas analyzers during the forecast period. The market in Asia Pacific is projected to expand at a considerable CAGR of 4% due to the increase in disposable income and rise environmental consciousness.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Veterinary Point of Care Blood Gas Analyzers Market
- Historical, Current and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Veterinary Point of Care Blood Gas Analyzers Market Performance
Segments
Modality
- Portable Analyzers
- Handheld Analyzers
Animals
- Companion Animals
- Poultry & Dairy animals
- Livestock Animals
- Others
End-Use
- Veterinary Clinics
- Veterinary Laboratories
- Research Laboratories
- Others
Region
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- U.K.
- France
- Germany
- Italy
- Spain
- Russia
- Rest of the Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- GCC
- South Africa
- Rest of Middle East & Africa
Key Market Players Profiled in the Report
- Bayer AG
- EasyDx, Inc. dba LifeHealth
- EDAN Instruments, Inc.
- F. Hoffmann-La Roche Ltd
- Heska Corporation
- IDEXX Laboratories, Inc.
- Nova Biomedical
- Siemens
- Vepalabs
- Zoetis
Competitive Landscape
Key players in the market include Heska Corporation, Zoetis, and IDEXX Laboratories, Inc. They considered as key manufacturers of the market based on their different varieties of product availability, regional presence, better supply chain management system, and the increasing demand for the products. The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the Veterinary Point of Care Blood Gas Analyzers extraction is added in the company’s capacity.For instance,
- In March 03, 2020, Bayer AG’s Animal Health launches global Care4Pigs grant for advancing well-being of swine. The initiative was in collaboration with the Korean Association of Swine Veterinarians (KASV) and Farm Animal Welfare Education Centre (FAWEC). The initiatives were launched with a focus on supporting farm-level innovations developed by veterinarians, farm animal keepers, and farmers.
- In August 07, 2019, EDAN Diagnostics, Inc. announced the relocation and expansion of its operation hub in the US. The expansion was made to cater to the rising demand from the medical industry in North America and Latin America with an aim to elevate the expertise in its services, providing quick delivery time.
Frequently Asked Questions
Additional company profiles can be provided on request.
Yes, the report covers product types of APET specific information such as portable analyzers and handheld analyzers.
According to this Growth Market Reports report, the market from veterinary point of care blood gas analyzers is likely to register a CAGR of 4.0% during forecast period 2020-2027, with an anticipated valuation of USD 70.3 Million by the end of the 2027.
In addition to market size (in USD Million) and Company Market Share (in % for base year 2019), other data such macro-economic factors, COVID-19 Impact on the veterinary point of care blood gas analyzers is available in final report.
The market is driven by factors such as increase in the adoptions of companion animals, developments in technology for blood gas analyzers, rise in awareness regarding animal health, and growing animal care expenditures. However, less demand for veterinary point of care blood gas analyzers from emerging countries is a key restraint of this market.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness decrease in demand owing to the negative impact of COVID-19 pandemic on the veterinary point of care blood gas analyzers market.
The base year considered for the global veterinary point of care blood gas analyzers market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Veterinary clinics, veterinary laboratories, research laboratories, and others are the key applications that are driving the veterinary point of care blood gas analyzers market.
Major Manufactures include, Heska Corporation, Zoetis, and IDEXX Laboratories, Inc., and Others.
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Veterinary Point of Care Blood Gas Analyzers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Veterinary Point of Care Blood Gas Analyzers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.2.4 Market Trends
4.3 Veterinary Point of Care Blood Gas Analyzers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Veterinary Point of Care Blood Gas Analyzers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Veterinary Point of Care Blood Gas Analyzers Market Size & Forecast, 2017-2027
4.5.1 Veterinary Point of Care Blood Gas Analyzers Market Size and Y-o-Y Growth
4.5.2 Veterinary Point of Care Blood Gas Analyzers Market Absolute $ Opportunity
Chapter 5 Global Veterinary Point of Care Blood Gas Analyzers Market Analysis and Forecast By Modality
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Modality
5.1.2 Basis Point Share (BPS) Analysis By Modality
5.1.3 Absolute $ Opportunity Assessment By Modality
5.2 Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By Modality
5.2.1 Portable Analyzers
5.2.2 Handheld Analyzers
5.3 Market Attractiveness Analysis By Modality
Chapter 6 Global Veterinary Point of Care Blood Gas Analyzers Market Analysis and Forecast By Animals
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Animals
6.1.2 Basis Point Share (BPS) Analysis By Animals
6.1.3 Absolute $ Opportunity Assessment By Animals
6.2 Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By Animals
6.2.1 Companion
6.2.2 Animals Poultry & Dairy animals
6.2.3 Livestock Animals
6.2.4 Others
6.3 Market Attractiveness Analysis By Animals
Chapter 7 Global Veterinary Point of Care Blood Gas Analyzers Market Analysis and Forecast By End-user
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By End-user
7.1.2 Basis Point Share (BPS) Analysis By End-user
7.1.3 Absolute $ Opportunity Assessment By End-user
7.2 Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By End-user
7.2.1 Veterinary Clinics
7.2.2 Veterinary Laboratories
7.2.3 Research Laboratories
7.2.4 Others
7.3 Market Attractiveness Analysis By End-user
Chapter 8 Global Veterinary Point of Care Blood Gas Analyzers Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Veterinary Point of Care Blood Gas Analyzers Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Veterinary Point of Care Blood Gas Analyzers Analysis and Forecast
10.1 Introduction
10.2 North America Veterinary Point of Care Blood Gas Analyzers Market Size Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By Modality
10.6.1 Portable Analyzers
10.6.2 Handheld Analyzers
10.7 Basis Point Share (BPS) Analysis By Modality
10.8 Absolute $ Opportunity Assessment By Modality
10.9 Market Attractiveness Analysis By Modality
10.10 North America Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By Animals
10.10.1 Companion
10.10.2 Animals Poultry & Dairy animals
10.10.3 Livestock Animals
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis By Animals
10.12 Absolute $ Opportunity Assessment By Animals
10.13 Market Attractiveness Analysis By Animals
10.14 North America Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By End-user
10.14.1 Veterinary Clinics
10.14.2 Veterinary Laboratories
10.14.3 Research Laboratories
10.14.4 Others
10.15 Basis Point Share (BPS) Analysis By End-user
10.16 Absolute $ Opportunity Assessment By End-user
10.17 Market Attractiveness Analysis By End-user
Chapter 11 Europe Veterinary Point of Care Blood Gas Analyzers Analysis and Forecast
11.1 Introduction
11.2 Europe Veterinary Point of Care Blood Gas Analyzers Market Size Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By Modality
11.6.1 Portable Analyzers
11.6.2 Handheld Analyzers
11.7 Basis Point Share (BPS) Analysis By Modality
11.8 Absolute $ Opportunity Assessment By Modality
11.9 Market Attractiveness Analysis By Modality
11.10 Europe Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By Animals
11.10.1 Companion
11.10.2 Animals Poultry & Dairy animals
11.10.3 Livestock Animals
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis By Animals
11.12 Absolute $ Opportunity Assessment By Animals
11.13 Market Attractiveness Analysis By Animals
11.14 Europe Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By End-user
11.14.1 Veterinary Clinics
11.14.2 Veterinary Laboratories
11.14.3 Research Laboratories
11.14.4 Others
11.15 Basis Point Share (BPS) Analysis By End-user
11.16 Absolute $ Opportunity Assessment By End-user
11.17 Market Attractiveness Analysis By End-user
Chapter 12 Asia Pacific Veterinary Point of Care Blood Gas Analyzers Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Veterinary Point of Care Blood Gas Analyzers Market Size Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By Modality
12.6.1 Portable Analyzers
12.6.2 Handheld Analyzers
12.7 Basis Point Share (BPS) Analysis By Modality
12.8 Absolute $ Opportunity Assessment By Modality
12.9 Market Attractiveness Analysis By Modality
12.10 Asia Pacific Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By Animals
12.10.1 Companion
12.10.2 Animals Poultry & Dairy animals
12.10.3 Livestock Animals
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis By Animals
12.12 Absolute $ Opportunity Assessment By Animals
12.13 Market Attractiveness Analysis By Animals
12.14 Asia Pacific Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By End-user
12.14.1 Veterinary Clinics
12.14.2 Veterinary Laboratories
12.14.3 Research Laboratories
12.14.4 Others
12.15 Basis Point Share (BPS) Analysis By End-user
12.16 Absolute $ Opportunity Assessment By End-user
12.17 Market Attractiveness Analysis By End-user
Chapter 13 Latin America Veterinary Point of Care Blood Gas Analyzers Analysis and Forecast
13.1 Introduction
13.2 Latin America Veterinary Point of Care Blood Gas Analyzers Market Size Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By Modality
13.6.1 Portable Analyzers
13.6.2 Handheld Analyzers
13.7 Basis Point Share (BPS) Analysis By Modality
13.8 Absolute $ Opportunity Assessment By Modality
13.9 Market Attractiveness Analysis By Modality
13.10 Latin America Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By Animals
13.10.1 Companion
13.10.2 Animals Poultry & Dairy animals
13.10.3 Livestock Animals
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis By Animals
13.12 Absolute $ Opportunity Assessment By Animals
13.13 Market Attractiveness Analysis By Animals
13.14 Latin America Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By End-user
13.14.1 Veterinary Clinics
13.14.2 Veterinary Laboratories
13.14.3 Research Laboratories
13.14.4 Others
13.15 Basis Point Share (BPS) Analysis By End-user
13.16 Absolute $ Opportunity Assessment By End-user
13.17 Market Attractiveness Analysis By End-user
Chapter 14 Middle East & Africa (MEA) Veterinary Point of Care Blood Gas Analyzers Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Veterinary Point of Care Blood Gas Analyzers Market Size Forecast by Country
14.2.1 GCC
14.2.2 South Africa
14.2.3 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By Modality
14.6.1 Portable Analyzers
14.6.2 Handheld Analyzers
14.7 Basis Point Share (BPS) Analysis By Modality
14.8 Absolute $ Opportunity Assessment By Modality
14.9 Market Attractiveness Analysis By Modality
14.10 Middle East & Africa (MEA) Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By Animals
14.10.1 Companion
14.10.2 Animals Poultry & Dairy animals
14.10.3 Livestock Animals
14.10.4 Others
14.11 Basis Point Share (BPS) Analysis By Animals
14.12 Absolute $ Opportunity Assessment By Animals
14.13 Market Attractiveness Analysis By Animals
14.14 Middle East & Africa (MEA) Veterinary Point of Care Blood Gas Analyzers Market Size Forecast By End-user
14.14.1 Veterinary Clinics
14.14.2 Veterinary Laboratories
14.14.3 Research Laboratories
14.14.4 Others
14.15 Basis Point Share (BPS) Analysis By End-user
14.16 Absolute $ Opportunity Assessment By End-user
14.17 Market Attractiveness Analysis By End-user
Chapter 15 Competition Landscape
15.1 Veterinary Point of Care Blood Gas Analyzers Market: Competitive Dashboard
15.2 Global Veterinary Point of Care Blood Gas Analyzers Market: Market Share Analysis, 2019
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 Bayer AG
15.3.2 EasyDx, Inc. dba LifeHealth
15.3.3 EDAN Instruments, Inc.
15.3.4 F. Hoffmann-La Roche Ltd
15.3.5 Heska Corporation
15.3.6 IDEXX Laboratories, Inc.
15.3.7 Nova Biomedical
15.3.8 Siemens
15.3.9 Vepalabs
15.3.10 Zoetis
Methodology
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