Veterinary Point of Care Blood Gas Analyzers Market

Global 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)

  • Report ID: HC-37
  • Author: Growth Market Reports
  • Rating: 4.6
  • Total Reviews: 12
  • No. Of Pages: 181
  • Format:
  • Pub. Date: 2020-07-14
  • Share:

Market Outlook:

The global veterinary point of care blood gas analyzers market 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.

Global Veterinary Point of Care Blood Gas Analyzers Market Key Takeaways

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 a 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.

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.
 

Segmental Outlook

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.

Global Veterinary Point of Care Blood Gas Analyzers Market BPS 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.

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.

Global Veterinary Point of Care Blood Gas Analyzers Market Share

Regional Outlook

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.

Global Veterinary Point of Care Blood Gas Analyzers Market Attractiveness

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, On 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.
  • On 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.

Global Veterinary Point of Care Blood Gas Analyzers Market By Manufacturers

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
Chapter 1 Executive Summary
Chapter 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
Key Segments Covered
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
By 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

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FAQ Section

Some frequently asked quetions about this report!

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.