Veterinary Equipment and Disposables Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4241
Veterinary Equipment and Disposables Market size is projected to experience significant growth from 2019 to 2025.
The veterinary equipment and disposables market is estimated to witness considerable growth over the forth coming years. These equipments and disposables are intended for diagnosis, monitoring and treatment of various health conditions associated with animals. High growth is attributable to increasing prevalence of zoonotic diseases coupled with rising trend of pet adoption in both developed as well as developing countries.
Growing research and development expenditure for veterinary healthcare is a major growth driver. Moreover, increasing number of veterinary hospitals and clinics will further boost product demand. Hence, the afore mentioned reasons will augment veterinary equipment and disposables market growth.
However, dearth of skilled professionals in the field of animal health will obstruct the growth of veterinary equipment and disposables Market. Additionally, high cost associated with animal healthcare practice will further limit market growth.
The imaging segment is expected to witness substantial growth over the forecast period. Veterinary imaging techniques are gaining popularity around the world. Rising awareness pertaining to various animal health issues and conditions among companion and livestock animal owners will be one of the major factors leading to imaging segment growth.
Companion animals’ segment is expected to witness favorable growth across the projected timeframe. High growth is attributed to increasing number of pet injuries and diseases, thus propelling segment growth. Increasing spending on pet care services and rising awareness among pet owners regarding various animal health issues will primarily drive segment growth. Additionally, increasing number of pet adoption in developing and developed economies will further boost segmental growth in the future.
The veterinary hospital segment is expected to hold major chunk of revenue over the forecast period. Hospitals offer state-of-the-art facilities for appropriate diagnostic tests and surgeries at an affordable rate. Additionally, increasing preference of people in the developing economies for hospitals over other medical facilities due to affordability will further augment market growth.
The U.S. is expected to witness substantial growth over the forecast period owing to the presence of well-developed healthcare infrastructure and technological advancements. Furthermore, increasing prevalence of zoonotic diseases in the U.S. will further propel market growth. Additionally, rising demand for pet insurance coupled with growing prevalence of various disorders that require surgical procedures will significantly drive country growth.
China is expected to witness significant growth in the veterinary equipment and disposables market during the analysis period. High growth is attributed to increasing prevalence of animal diseases in various parts of China. Also, rising disposable income and growing awareness among pet and livestock owners regarding animal health will support the growth of China veterinary equipment and disposables market.
Some of the key industry players include B. Braun Melsungen AG, DRE Veterinary, Digicare Biomedical Technology Inc., Henry Schein Animal Health, Midmark Corporation, Medtronic, Smiths Medical Inc., Vetland Medical Sales and Services, Vetronic Services Ltd and Mindray Medical International Limited. Key strategies adopted by industry players include strategic collaborations, partnerships, mergers, and innovative product launch to expand their business product portfolio.
Veterinary Equipment and Disposables Market by Product, 2014-2025 (USD Million)
- Patient monitoring
- Anesthesia machines
Veterinary Equipment and Disposables Market by Animals, 2014-2025 (USD Million)
- Companion animals
- Livestock animals
Veterinary Equipment and Disposables Market by End-use, 2014-2025 (USD Million)
- Veterinary hospitals
- Private clinics
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- B. Braun Melsungen AG
- DRE Veterinary
- Digicare Biomedical Technology Inc.
- Henry Schein Animal Health
- Midmark Corporation
- Mindray Medical International Limited
- Vetland Medical Sales and Services
- Smith’s Medical Inc.
- Vetronic Services Ltd
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