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Veterinary Scales Market size is expected to exhibit a decent growth rate from 2023 to 2032, on account of the ability of veterinary scales to provide accurate animal weight measurements compared to the standard digital scales.
A veterinary scale refers to a weight measuring tool specifically designed 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 expansion 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 2032. 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, a visible surge in pet adoption, especially during the coronavirus pandemic, and the increasing incidence of animal death due to drug overdose will further create favorable growth prospects for the veterinary scales industry over the next ten 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.
However, the ongoing inflation and the subsequent rise in commodity prices may limit people's buying and spending capacity, especially across developing and underdeveloped economies. This may impact the rate of pet adoption and may diminish pet care expenditure, which, in consequence, may impede market performance in the coming years.
Veterinary scales market from electronic segment is slated to amass sizeable revenues through 2032. Electronic veterinary scales are available in advanced design and offer increased ease of handling and improved portability, offering them a competitive edge over their counterparts. An increasing number of pet parents opting for healthcare plans involving routine diagnostic and treatment of animals will drive product demand. Besides, escalating novel innovations and the availability of these devices at affordable price points and compact designs will further aid segment expansion.
Based on end-use, the veterinary diagnostic centers segment is poised to account for a significant market share by 2032. This is considering the heightened cases of reduced productivity, revenue losses, and public health issues owing to emerging health concerns among livestock in developing economies. Furthermore, the high prevalence of heart diseases among companion animals such as dogs is also projected to 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 2032, 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. The significant surge in pet care expenditure and growing concerns about pet health will further push the demand for vet weighing scales to ensure accurate weight-based dosing in animals.
Prominent players functioning in the global veterinary scales market 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.