Veterinary Point of Care Blood Gas Analyzers
Veterinary clinics and laboratories for point-of-care blood tests. These analyzers are mainly used to measure blood pH, gases and electrolytes in blood samples. “
– Allied market research
PORTLAND, OR, UNITED STATES, Oct. 22, 2021 /EINPresswire.com/ – The increasing adoption of pets, advances in blood gas analyzers technology, animal health awareness, and increasing spending on animal welfare are the main drivers behind the global veterinary market Point of care blood gas analyzers. However, weak demand from underdeveloped countries in Asia and Africa is expected to slow market growth. On the contrary, it is expected that the enormous market potential in the developing regions will offer lucrative opportunities for market expansion in the forecast period.
Browse report description @ https://www.alliedmarketresearch.com/veterinary-point-of-care-blood-gas-analyzers-market
Veterinary point-of-care blood gas analyzers are used in veterinary clinics and laboratories for point-of-care blood tests. These analyzers are mainly used to measure blood pH, gases and electrolytes in blood samples.
In addition, increasing pet adoption and cheap pet insurance are driving market growth. According to the North American Pet Health Insurance Association (NAPHIA), the total number of pets insured reached 1.6 million at the end of 2015 and grew at an average annual rate of 12.0% from 2014 to the end of 2015.
The portable blood gas analyzer segment currently holds the largest share of the market. However, it is anticipated that the demand for portable blood gas analyzers will increase during the forecast period due to features such as faster performance, ease of use, and convenience.
Three types of veterinary blood gas analyzers available in the market are tabletop, handheld, and portable. However, only portable and portable analyzers are used in point-of-care veterinary blood gas testing. The portable analyzer segment is currently the mainstay of sales and is expected to dominate the market over the forecast period. This is attributed to the fact that these analyzers can be easily moved from one location to another and are therefore preferred for use in veterinary clinics & laboratories.
Key Findings of the Veterinary Point of Care Blood Gas Analyzers Market:
– The handheld analyzer segment is expected to grow at a CAGR of 7.1% from 2021 to 2025.
– Veterinary clinics are an important source of sales in the world market and are expected to remain dominant throughout the forecast period.
– Based on animal type, the pet segment leads the world market and is expected to continue its dominance over the forecast period; this segment currently holds half of the market share.
– The Asia-Pacific region is expected to grow the fastest with an annual growth rate of 6.9%.
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North America had the largest share of the world market in 2016 and is expected to remain dominant throughout the forecast period. This is attributed to higher disposable income, increasing numbers of pets and other pets, strict regulations by state and federal governments to improve animal welfare, and the willingness of pet owners to pay. On the other hand, the Asia-Pacific region is expected to see the fastest growth in the higher and middle income countries due to the increase in disposable income, increased awareness of animal health and increased pet acceptance.
Key players in this report include Abaxis, Inc., Edan Instruments, Inc., Heska Corporation, IDEXX Laboratories, Inc., and LifeHealth, LLC.
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October 22, 2021 11:06 GMT
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