Veterinary Point of Care Blood Gas Analyzers Market

Market Overview:

The global veterinary point of care blood gas analyzers market size reached US$ 63.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 90.4 Million by 2032, exhibiting a growth rate (CAGR) of 3.88% during 2024-2032. The widespread adoption of companion animals, the growing consumer awareness regarding the importance of livestock health, and the increasing need for point of care testing (POCT) represent some of the key factors driving the market.

Veterinary point of care (PoC) blood gas analyzer are compact handheld devices typically used in veterinary clinics for point of care blood testing. Point of care blood gas analyzers are considered as advanced solutions to evaluate the potential of hydrogen (PH) levels, electrolytes, blood gases metabolites, and various diseases. They offer convenience of usage with better clinical results and therefore find extensive applications in clinics, research centers, and laboratories. Veterinary PoC blood gas analyzers are widely used in veterinary centers and research laboratories dealing with animal health concerns.

Veterinary Point of Care Blood Gas Analyzers Market Trends:

Steadily increasing pet ownership represents one of the key factors driving the market growth. In line with this, the widespread adoption of companion animals, such as canines, cats, and rabbits, especially by nuclear families, are driving the market growth. The rising awareness regarding the importance of animal health is acting as another growth-inducing factor. Moreover, the increasing demand for POC testing systems over laboratory testing solutions to detect multiple zoonotic diseases instantly with better clinical outcomes are supporting the market growth. PoC testing systems help analyze multiple disorders, including ringworm, pox, piglet diarrhea, scour, rabies, black quarter, and other ailments amongst companion animals in a rapid and more effective manner, which is positively supporting the market growth. Additionally, the favorable initiatives undertaken by governments of several nations to allow the rapid establishment of veterinary clinics and equip them with advanced medical systems are contributing to the market growth. Furthermore, the escalating infection rate amongst pet animals, especially during the COVID-19 pandemic and the enforcement of nationwide lockdowns, facilitated the demand for residential PoC testing, which can be performed at home. This, in turn, is favoring the market growth significantly. This can be further attributed to significant technological advancements in the existing healthcare systems in terms of results, accuracy, ease of handling, efficacy, and convenience. Other factors, such as the recent improvements in the healthcare infrastructure, the continuous research and development (R&D) activities, and strategic collaborations amongst key players to engineer new PoC blood gas analyzers, are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global veterinary point of care blood gas analyzers market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on modality type, animal type and end user.

Modality Type Insights:

• Portable Analyzers
• Handheld Analyzers
   

The report has also provided a detailed breakup and analysis of the veterinary point of care blood gas analyzers market based on the modality type. This includes portable and handheld analyzers. According to the report, portable analyzers represented the largest segment.

Animal Type Insights:

• Companion Animals
• Poultry and Dairy Animals
• Livestock Animals
• Others
   

A detailed breakup and analysis of the veterinary point of care blood gas analyzers market based on the animal type has also been provided in the report. This includes companion, poultry and dairy, livestock and other animals. According to the report, companion animals accounted for the largest market share.

End User Insights:

• Veterinary Clinics
• Veterinary Laboratories
• Others
   

The report has also provided a detailed breakup and analysis of the veterinary point of care blood gas analyzers market based on the end user. This includes veterinary clinics, veterinary laboratories, and others. According to the report, veterinary clinics represented the largest segment.

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for veterinary point of care blood gas analyzers. Some of the factors driving the North America veterinary point of care blood gas analyzers market included the widespread adoption of companion animals, significant technological advancements, and extensive research and development (R&D) activities.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global veterinary point of care blood gas analyzers market. Detailed profiles of all major companies have also been provided. Some of the companies covered includes Chengdu Seamaty Technology Co. Ltd., Edan Instruments Inc., Heska Corporation, IDEXX Laboratories Inc., i-SENS Inc., Nova Biomedical Corporation, Sensa Core Medical Instrumentation Pvt. Ltd., Vepalabs, Zoetis Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the global veterinary point of care blood gas analyzers market performed so far and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global veterinary point of care blood gas analyzers market?
• What are the key regional markets?
• Which countries represent the most attractive veterinary point of care blood gas analyzers markets?
• What is the breakup of the market based on the modality type?
• What is the breakup of the market based on the animal type?
• What is the breakup of the market based on the end user?
• What is the competitive structure of the global market?
• Who are the key players/companies in the global veterinary point of care blood gas analyzers market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the veterinary point of care blood gas analyzers market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global veterinary point of care blood gas analyzers market.
• The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the veterinary point of care blood gas analyzers industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and?provides an insight into the current positions of key players in the market.