Latin America Veterinary Hematology Analyzers Market

Latin America Veterinary Hematology Analyzers Market Size (2022 to 2027)

The size of the Veterinary Hematology Analyzers market in Latin America was around USD 96.26 million in 2022. It is expected to grow at a CAGR of 7.3% to reach USD 136.91 million by 2027. It captures 12% of the global market.

Increased patient awareness of the benefits of a veterinary hematology analyzer is predicted to generate huge opportunities for the market to grow during the forecast period. The rise of the veterinary hematology analyzers market in Latin America is being driven by greater awareness of animal healthcare and the rising prevalence of zoonotic illnesses, as well as an increase in demand for animal-derived food. The increased initiatives done by the governments and non-governmental organizations to improve animal health through enhanced veterinary healthcare infrastructure is another important driver driving market expansion.

Advances in diagnostic technologies that offer safe, automated, and easy-to-use hematology analyzers are expected to drive the market ahead. Furthermore, a growth in food-borne diseases is likely to fuel the market throughout the forecast period. Tabletop hematology analyzers with cutting-edge technology have been rapidly gaining traction, with a slew of new ones on the way. New types are expected to cover significant market shortages, such as precise multi-parameter analysis results and reduced downtime. These new technologies continue to drive up demand for tabletop hematology analyzers in Latin America in the near future.

However, lack of competent healthcare practitioners and high product costs, as well as a lack of government initiatives in underdeveloped countries are a few of the major restraints to the Latin American veterinary hematology analyzers market.

This research report on the APAC veterinary hematology analyzers market has been segmented and sub-segmented into the following categories.

By Product:

• Table Top Analyzers
  • Fully Automatic Analyzers
  • Semi-Automatic Analyzers
• Point of Care Analyzers     
  • Cartridge Based
  • Others (Direct Sample Based)

By Analysis Parameter:

• 2 Part WBC differential      
• 3 Part WBC differential      
• 5 Part WBC differential      
• Others      

By End User:

• Research Institutes             
• Veterinary Diagnostic Centers        
• Veterinary Hospitals and Clinics     
• Others (Point of care testing, in house testing)  

By Country:

• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America

Geographically, Latin America accounted for a prominent share of the global veterinary hematology analyzer market in 2020 and is likely to keep this position throughout the forecast period. A huge increase in pet adoption, a growing number of veterinary hospitals and clinics, and high disposable income are all contributing to the veterinary hematology analyzers market in the Latin American region.

Several government agencies, as well as major animal health companies, are pursuing research and development in countries like Mexico and Brazil in order to produce effective animal treatments and diagnostics. The majority of veterinary research focuses on discovering the cause of diseases, diagnosing diseases, creating remedies in the form of medications and immunizations, and managing common animal maladies.

KEY MARKET PLAYERS:

Key companies profiled in the report include Drew Scientific Inc., URIT Medical, Boule Medical AB, scil animal care, Mindray, HORIBA Medical, Clindiag Systems, IDEXX Laboratories, Inc., Abaxis, Inc., Heska Corporation, Siemens Healthcare Diagnostics Inc., HemoCue AB, Diatron and Sysmex.