Veterinary Monitoring Equipment Market Size

Veterinary Monitoring Market Size

Veterinary Monitoring Equipment Market size accounted for USD 427.5 million in 2022 and is estimated to grow at 9.4% to reach USD 1 billion by 2032. Increasing prevalence of animal disorders, growing companion animal population, and increasing spending on pets health are some of the drivers fostering the market growth.

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The rising demand for pet insurance and increasing veterinary costs is expected to be a significant factor in driving the market expansion. The costs of treating a pet for a disease or injury are covered by pet insurance policies. Owners frequently choose pet insurance to lessen the financial burden of obtaining veterinary care. Numerous public and private service providers offer these programmes for various animals, including dogs and cats among others. Such factor will positively impact the market revenue.

Veterinary monitoring equipment refers to a range of specialized devices and systems used in veterinary clinics, hospitals, and research facilities to monitor and assess the health status of animals. These devices play a crucial role in enabling veterinarians to monitor and diagnose conditions, ensure safe anesthesia administration, track patient recovery, and provide optimal care for animals.