Veterinary Point of Care Blood Gas Analyzers Market Research Report 2021-2027

Posted by Neeta Desai on March 22nd, 2021

The global veterinary point of care blood gas analyzers market was valued at USD 52.6 Million in 2019 and is projected to reach USD 70.3 Million by 2027, expanding at a CAGR of 4.0% during the forecast period. Point of care monitoring refers to outside laboratory medical tests in the vicinity of the patient. Point of care is a vital aspect of treatment that provides accurate and immediate reports in emergency situations. This, in turn, is increasing its adoption, thus boosting the growth of the market. The recent market trends in the point of care blood gas analyzer includes wireless data capture, built-in species reference ranges, and simplified data integration and immediate results.

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Point-of-care procedures are medical tests performed close to the patient, outside the laboratory. Point-of-care is an important part of critical care, as it provides reliable and timely emergency results. Veterinary point-of-care blood gas analyzers consist of metabolites, blood gases for blood testing, portable analyzers used to calculate pH, electrolytes, and is a lightweight equipment. These analyzers are used in veterinary settings which include remote area veterinary medical centers and teams, academic veterinary medical centers, and private clinics. They are also used in applications of research universities, biotechnology, government laboratories, and pharmaceutical industries. Diseases detected by veterinary blood gas analyzers include ringworm, pox, piglet diarrhea or scour, rabies a Black quarter (Black-leg), bovine rhinotracheitis, Johne's disease, Tetanus, theileriosis, and anthrax. Point-of-care tests are practical and can be done at home for all types of preoperative conditions and disease detection for rapid diagnosis and treatment in animals.

Increase in the Adoption of Pet and Companion Animals
Humanization has had a major impact on various purchasing decisions. Changing consumer perception of animal health and an increasing tendency to have a pet in nuclear families are therefore several important factors that boost market growth. In the past years, the trend of developing animal health and safety, among animal owners, has increased. According to the American Veterinary Medical Association survey, in the past five years, the prices for animal welfare and veterinary care increase of 40%. This growth is attributed to the increasing human-animal relationship that determines the desire of consumers to spend more money on their animals. Additionally, this change in the human-animal relationship is expected to increase the demand for veterinary point of care blood gas analyzers.

Growing Number of Veterinary Clinics
Growth in pet population, increase in pet insurance penetration, humanization of pets within the increasing global urban population, and increasing awareness about animal welfare fuel the demand for medical systems for animals. Moreover, the veterinary industry is growing due to social media. These changes in the animal healthcare system have increased the number of veterinary clinics, which in turn, is expected to increase the sales of veterinary point of care blood gas analyzers.

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