Veterinary Chemistry Analyzer Market to Expand With a CAGR of 7.8% due to Growing Adoption of Advanced Medications to the Pets, Says TMR

News provided by

Jan 31, 2019, 05:30 ET

ALBANY, New York, January 31, 2019 /PRNewswire/ --

According to TMR, the global veterinary chemistry analyzer market is expected to account for the revenue of US$1,100 mn in the year 2022 and by expanding with a CAGR of 7.8% over the forecast period from 2017 to 2022.

(Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

Based on the product type, the glucometer segment dominated the global veterinary chemistry analyzer market and expected to be dominant over the forecast period with the revenue of US$ 180 mn by the end of the year 2022. Based on the region, North America dominated the global veterinary chemistry analyzer market and anticipated to remain dominant over the forecast period from 2017 to 2022. However, Asia Pacific is expected to expand with faster CAGR over the forecast period.

Get PDF Brochure for Research Insights at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=34976

Growing Trend of Pet Adoption to Propel Growth of Market

The global veterinary chemistry analyzer market is gaining traction due to growing pet adoption coupled with growing expenditure on pet healthcare. The growing trend of pet adoption along with the expenses on the facilities such as animal healthcare is boosting the growth of the global veterinary chemistry analyzer market. A growing number of practitioners working in veterinary hospitals is boosting the growth of the global veterinary chemistry analyzer market.

The growing need for hematology tests in order to detect the blood diseases and disorders are impacting on the growth of the global veterinary chemistry analyzer market. Growing advancements in these tests which detects the diseases and disorders effectively and likely to propel the growth of the global veterinary chemistry analyzer market. Additionally, factors such as a growing preference for the animal-derived products are boosting the growth of the global veterinary chemistry analyzer market.

Request a Sample of Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=34976

Growing Prevalence of Zoonotic Diseases to Propel Growth

The US Food and Drug Administration (FDA) are increasingly imposing stringent regulations in order to the elimination of residue and contamination of animal food products. These regulations are encouraging adoption of the veterinary chemistry analyzer and likely to propel the growth of the global veterinary chemistry analyzer market.

Additionally, the factors such as growing diseases occurred due to animal and growing zoonotic disease and the growing prevalence of these diseases are propelling the growth of the global veterinary chemistry analyzer market. The veterinary chemistry analyzer market is gaining benefits from the growing prevalence of zoonotic diseases such as E.Coli infections, salmonella infection, and malaria.

Request For Discount On This Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=34976

Transparency Market Research (TMR) witnesses the global veterinary chemistry analyzer market has a highly consolidative vendor landscape. Some of the companies operating in the global veterinary chemistry analyzer market are Abaxis, Inc., Arkray, Inc., Alfa Wassermann, Inc., Biochemical Systems International Srl, Diasys Diagnostic Systems GmbH, and Chengdu Seamaty Technology Co., Ltd. These players are trying to focus on the development of advanced products and thus entering into supply agreements for achieving higher market share.

Browse Press Release - https://www.transparencymarketresearch.com/pressrelease/veterinary-chemical-analyzers-market.htm

This information is encompassed in the report by TMR, titled "Veterinary Chemistry Analyzer Market (Product Type - Chemistry Analyzers, Urine Analyzers, Glucometers, Blood Gas & Electrolyte Analyzers, Consumables; Application Type - Veterinary Hospitals, Veterinary Clinics, Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022."

Popular Research Reports by TMR:

Blood Gas and Electrolyte Analyzers Market: https://www.transparencymarketresearch.com/blood-gas-electrolyte-analyzers-market.html
Chemiluminescence Immunoassay (CLIA) Analyzers Market: https://www.transparencymarketresearch.com/chemiluminescence-immunoassay-analyzers-market.html
Automated Immunoassay Analyzers Market: https://www.transparencymarketresearch.com/automated-immunoassay-analyzers-market.html

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]