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A veterinary chemistry analyzer (VCA) is used for in-house veterinary use. These analyzers are used to determine the concentration of certain metabolites, proteins, electrolytes or drugs in samples of urine, plasma, serum, cerebrospinal fluid and/or other body fluids of animals. In other words, VCA is a blood and urine testing instrument that analyzes around 12 biochemical tests simultaneously, by using the samples of either urine, serum or plasma in around 6 minutes. The types of analyzers include, urine analyzers, blood gas & electrolyte analyzers, glucometers, and others, which are used by hospitals, medical labs, and for home use. There are several types of tests such as hematology test that includes the cell counter for blood counts, immunoassays for detecting antibodies, and tests for ions that measure voltage differences and others.

Veterinary Chemistry Analyzers Market - Drivers

Increasing animal population, growing pet adoption, increasing demand for pet insurance, along with high animal health expenditure and increase in number of veterinary practitioners are the factors driving growth of the veterinary chemistry analyzers market. According to the data published by American Pet Product Association (APPA) in 2018, total pet healthcare expenditure in America in 2017 was US$ 69.51 billion, which reached to US$ 72.13 billion in 2018.

Increasing prevalence of zoonotic diseases is further contributing towards growth of the veterinary chemistry analyzers market. According to the Centers for Disease Control and Prevention (CDC) in 2017, 3 out of 4 emerging infectious diseases in people are transmitted through animals. E.coli infection, chickungunya, dengue, and malaria are some mild to severe zoonotic diseases. According to the World Health Organization, in 2015, around 212 million cases of malaria were recorded worldwide with 429,000 deaths. Therefore, increasing need for control measures for zoonotic diseases is expected to boost the market growth. 

Key manufacturers in the market are focused on launching new veterinary chemistry analyzers, which is expected to boost the market growth. For instance, in November 2015, Diatron Group, global provider of hematology and clinical chemistry analyzers, launched a new 5-part differential veterinary hematology analyzer- the Abacus Vet5 in Dusseldorf at the Medica show. The Abacus Vet5 consists of new features with completely new look providing improved communication with laboratory information systems (LIS). Moreover, in April 2015, Horiba UK became USHIO’S official distributor for Amishield veterinary chemical chemistry analyzer. In 2015, Horiba UK launched the product Amishield veterinary chemical chemistry analyzer officially at BSAVA tradeshow in Birmingham, U.K. This product is capable of performing biochemistry, electrolytes, and immunoassay diagnostics in the veterinary field.

However, high cost associated with veterinary chemistry analyzers is expected to restrain growth of the veterinary chemistry analyzers market.

Veterinary Chemistry Analyzers Market - Regional Insights

On the basis of region, the global veterinary chemistry analyzers market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds dominant position in the global veterinary chemistry analyzers market. This is owing to increasing animal health expenditure and high demand for animal-derived food in the region. According to American Pet Products Association, the total pet industry expenditure which includes the food, supplies and over the counter medicine, in 2017 was US$ 69.4 billion.

Key market players in the region are focused on adopting acquisition strategies to expand their geographical presence. For instance, in May 2018, Zoetis Inc. and Abaxis Inc. announced the definite merger agreement in which Zoetis Inc. will acquire Abaxis Inc. This acquisition is expected to improve Zoetis Inc.’s presence in the veterinary diagnostics sector.

Asia Pacific is projected to be the fastest growing market over the forecast period, owing to the high incidence of vitamin deficiency, bacterial infection, gout in dogs and increase in awareness of various health issues.

Veterinary Chemistry Analyzers Market - Competitive Landscape

Some of the key players operating in the global veterinary chemistry analyzers market include, Abaxis Inc., IDEXX Laboratories Inc., Heska Corporation, DiaSys Diagnostics Systems, Derechos reservados Diconex, URIT Medical, Randox Laboratories Ltd., Eurolyser Diagnostica GmbH, ARKRAY Inc., and Alfa Wassermann Inc.

Key Development

  • In 2017, Boule Diagnostics, launched Exigo C200, a fully automated chemistry analyzer for animal health.
  • In 2015, Diatron, a global provider of hematology and clinical chemistry analyzer, launched Abacus Vet5, a veterinary hematology analyzer.
  • In 2015, Horiba Medical Inc., launched AmiShield veterinary clinical chemical analyzer.
  • In 2014, IDEXX Laboratories Inc., introduced catalyst one chemistry analyzer for animal health diagnosis.
  • In 2012, Heska Corporartion, a leading provider of veterinary diagnostic and specialty products has launched Element DC veterinary chemistry analyzer.

Veterinary Chemistry Analyzers Market - Market Taxonomy

On the basis of modality, the global veterinary chemistry analyzers market is segmented into:

  • Benchtop
  • Portable

On the basis of product type, the global veterinary chemistry analyzers market is segmented into:

  • Instruments
  • Consumables

On the basis of animal type, the global veterinary chemistry analyzers market is segmented into:

  • Companion Animals
  • Livestock

On the basis of application, the global veterinary chemistry analyzers market is segmented into:

  • Blood Chemistry Analysis
  • Glucose Monitoring
  • Blood Gas & Electrolyte Analysis
  • Urinalysis

On the basis of end user, the global veterinary chemistry analyzers market is segmented into:

  • Hospitals
  • Clinical Laboratories

On the basis of region, the global veterinary chemistry analyzers market is segmented into:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users