Veterinary Chemistry Analyzer Market To Reach $5.63 Billion By 2030

Veterinary Chemistry Analyzer Market Growth & Trends 

The global veterinary chemistry analyzer market size is estimated to reach USD 5.63 billion by 2030, registering to grow at a CAGR of 13.5% from 2025 to 2030 according to a new report by Grand View Research, Inc. Increasing pet ownership, rising animal healthcare expenditure, growing pet insurance industry, and increasing zoonotic diseases are some of the major factors contributing to the growth of the market.

The increasing incidence of zoonotic diseases is one of the key trends escalating market growth. According to the WHO, zoonoses are estimated to cause about a billion cases of disease and millions of fatalities each year globally. Zoonoses account for over 60% of new infectious illnesses that are reported globally. The global outbreak of COVID-19 has impacted all industries. Vet clinics and hospitals across various key geographies registered low patient volume while some directed resources to focus only on emergency cases. The stay-at-home policies resulted in decreased companion animal clinical visits, including delay of wellness visits and elective procedures, thus lowering the demand for chemistry testing services.

The demand gradually recovered during the second and third quarters of 2020. Presently, continuous innovation and strategies adopted by market players in the animal diagnostics sector support market growth. For instance, according to a July 2022 KED Global News Network story, Precision, a Korean in vitro diagnostics company, will introduce veterinary clinical chemistry analyzers to the U.S. market. Antech Diagnostics Inc. and Precision have a contract for the provision of Exdia PT10V, a vet clinical chemistry analyzer, valued USD 90.3 million. With the signing of this agreement, Antech is prepared to use Precision's products to enter the veterinary clinical chemistry industry.

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Veterinary Chemistry Analyzer Market Report Highlights

• Benchtop veterinary chemistry analyzers held the largest market share in 2024. Advantages associated with benchtop analyzers, such as automation of tasks, reduced manual errors, high accuracy, and precision, support their demand globally.

• The consumables segment held the largest market share in 2024 and is anticipated to register the fastest growth of 13.7% over the forecast period. Consumables can be further divided into reagents, panels, and strips.

• The canine segment dominated the market with a revenue share of over 36.2% in 2024 due to the significant disease prevalence and rising adoption rates of dogs.

• The blood chemistry analysis segment dominated the veterinary chemistry analyzer market in terms of revenue in 2024, owing to the increasing incidence of zoonotic diseases and the rising number of veterinary practitioners.

• Based on end-use, the veterinary laboratories segment held the largest market share and is poised to continue its dominance over the forecast period.

Veterinary Chemistry Analyzer Market Segmentation

Grand View Research has segmented the global veterinary chemistry analyzer market based on type, product, species, application, end-use, and region:

Veterinary Chemistry Analyzer Type Outlook (Revenue, USD Million, 2018 - 2030)

• Bench Top

• Portable

Veterinary Chemistry Analyzer Product Outlook (Revenue, USD Million, 2018 - 2030)

• Consumables

  • Reagents

  • Panels

  • Strips

• Instruments  

  • Blood Chemistry Analyzers

  • Urine analyzer

  • Blood Gas & Electrolyte Analyzer

  • Glucometers

Veterinary Chemistry Analyzer Species Outlook (Revenue, USD Million, 2018 - 2030)

• Cattle

• Canine

• Feline

• Caprine

• Equine

• Ovine

• Porcine

• Avian

• Others

Veterinary Chemistry Analyzer Application Outlook (Revenue, USD Million, 2018 - 2030)

• Blood Chemistry Analysis

• Urinalysis

• Blood Gas & Electrolyte Analysis

• Glucose Monitoring

Veterinary Chemistry Analyzer End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Veterinary Laboratories

• Veterinary Hospitals and Clinics

• Point-Of-Care Testing

• Others

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Sweden

  • Denmark

  • Norway

  • Rest of Europe

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Australia

  • Rest of Asia Pacific

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

• Middle East & Africa      

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Veterinary Chemistry Analyzer Market

• IDEXX Laboratories, Inc.

• Zoetis

• Mars Inc. (Heska Corporation)

• HORIBA Medical

• URIT Medical Electronic Co. Ltd.

• Randox Laboratories Ltd.

• Shenzhen Mindray Animal Medical Technology Co., LTD.

• Chengdu Seamaty Technology Co., Ltd.

• SKYLA CORPORATION

• Bioevopeak Co., Ltd.