Veterinary Scales Market size is expected to gain significant traction from 2022 to 2028, on account of the product’s ability to provide accurate animal weight measurements as compared to the standard digital scales. In addition, the rising awareness among farmers about the benefits of vet scales in improving the efficiency and productivity of livestock will also augment industry demand in the upcoming years. A veterinary scale refers to a weight measuring tool designed specifically to gather precise weight measurements of animals to help veterinarians notice the patterns of excessive weight gain or loss. This tool also aids the process of determining the dosage size of medications, flea and tick preventatives, deworming, as well as preventing overfeeding of animals.
Commendable growth of veterinary clinics and the increasing number of pet adoptions in single-person households are some of the key factors bolstering the overall veterinary scales market trends through 2028. As per the Veterinary Industry Tracker from VetSuccess and the AVMA, veterinary clinics witnessed a Y-o-Y increase in revenue share by 9.1% as of March 2021, which could boost the acceptance of animal weighing scales in these clinics. Moreover, the increase in pet parents, especially during the coronavirus pandemic, and the rising incidence of animal death due to drug overdose will also generate opportunities for industry expansion in the coming years. According to the CDC, xylazine, an animal tranquilizer, is increasingly linked to drug overdose deaths in the U.S., which is likely to impel the need for veterinary weighing scales to determine the accurate dosage of the medications.
Based on end-use, the veterinary diagnostic centers segment will account for a major share in the market by 2028. This is considering the heightened cases of reduced productivity, revenue losses, and public health issues owing to diseases among livestock in developing economies. Furthermore, the high prevalence of heart diseases among companion animals such as dogs is also projected to further propel the segment growth during the forecast period.
Latin America is set to emerge as a lucrative revenue pocket for the veterinary scales market by 2028, given the mounting number of pet dogs and cats in countries like Brazil. In October 2021, Mexico-based K9 Master Dog Nutrition unveiled five different formulations of nutraceutical products for dogs for growth promotion, immune system support, and gestation. This aforesaid factor will further push the demand for vet weighing scales to ensure accurate weight-based dosing in animals.
Prominent players functioning in the global industry include UmaTech, Soehnle Industrial Solutions GmbH, Tanita, DETECTO Scale Company, Phantom Scales LLC, Arlyn Scales, Circuits & Systems Inc., Coventry Scale Company, Brecknell, Adam Equipment Ltd., and apexx Veterinary Equipment, Inc. These industry players are focusing on new product launches, business expansions, and collaborations to gain a competitive edge over rivals across the global market.
Veterinary hospitals witnessed a significant drop in pet care compliance in various key areas during the initial months of the coronavirus pandemic. In order to conserve the personal protective equipment and curb the virus spread, several public health agencies requested the companion animal veterinary practices to forego wellness care and elective procedures. These factors have created a hindrance to the steady growth of the industry during the peak of the pandemic.
However, the escalating adoption of pets, particularly dogs, as a source of emotional support amid the lockdown may aid industry recovery over the coming years. According to PetPoint, the number of foster pets increased by 8% in the U.S. from March to September 2020, which could create an upsurge in demand for veterinary services, and in turn assert a positive influence on the veterinary scale business landscape across the region.
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