Veterinary Telemetry Systems Market Analysis

Veterinary Telemetry Systems Market Analysis

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The industry share from the vital sign monitors segment will be worth USD 260 million by 2032. Vital signs monitors are used to periodically measure vital physiologic parameters, including oxygen saturation (SpO2), noninvasive blood pressure (NIBP), pulse rate, temperature, and respiratory rate. Continuous vital sign monitoring using a wearable device can accurately predict the potential clinical deterioration of pets while increasing treatment efficiency. Growing awareness of pet health and technological developments in remote patient monitoring will drive market statistics.
 

 

The cardiology segment crossed a valuation of 45% of the veterinary telemetry systems market share in 2022 and is set to exhibit a healthy growth during 2023-2032. The high incidence rate of cardiovascular diseases among companion animals across the globe will supplement the business growth. Moreover, increasing availability of cardiac monitors for continuous monitoring of the heart and respiration rate will accelerate segment expansion.
 

Veterinary hospitals sector is speculated to be valued at over USD 275 million by 2032. A large patient population visiting hospitals for a variety of disorders will propel the product demand in hospital settings. Growing fondness for pets and the availability of well-established infrastructure for continuous monitoring of patients in these facilities serve the market progression. Furthermore, government authorities are specifically focusing on establishing modernized, well-equipped medical infrastructure to provide maximum facilities. In addition to this, the increasing number of surgical procedures performed in hospital set-up aids the industry development.
 

North America veterinary telemetry systems market is set to capture 42% share in 2022 and is primed to witness an upward trend by 2032. The growing pet acceptance rate, in line with the increasing number of skilled veterinary practitioners, may drive regional business growth. Growing animal health expenditure coupled with the availability of pet insurance boosts the requirement of technically advanced diagnostic and therapeutic systems. However, the prominence of key particpants in the region and a steady rise in the number of veterinary professionals owing to attractive opportunities in the veterinary industry will foster market outlook.