Home / Press Release / Global Veterinary Equipment and Disposables Market Expected to Reach US$ 2,374.4 Mn by 2027

Global Veterinary Equipment and Disposables Market Expected to Reach US$ 2,374.4 Mn by 2027

The latest market report published by Credence Research, Inc. “Veterinary Equipment and Disposables Market : Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the veterinary equipment and disposables market was valued at US$ 1,318.4 Mn in 2018 and expected to reach US$ 2,374.4 Mn by 2027 at a CAGR of 6.8% during the forecast period from 2019 to 2027. 

Market Insights :

The global veterinary equipment and disposables market designates active growth during the forecast period from 2019 to 2027 accredited to rise in applications for respiratory support, anesthetic medication, temperature management, and fluid management. Major factors driving the overall growth include increasing animal health expenditure, increase in the number of veterinary specialists, and technology advancement in new surgical instruments comprising of its physical properties along with increased animal care expenditure. 

Healthcare and animal care organizations internationally have been issuing significant amounts of funds for financing awareness campaigns and providing assistive care to the companion animals. Over the last decades, there has been a significant rise in the count of pet owners, number of livestock animals, and increase in the diversity of infections related with these animals. High cost of equipment, lack of clear diagnostic & testing procedure, less awareness, deficiency of well-equipped veterinary clinics, and strict regulatory scenario on import of advanced products in the emerging nations are the factors restraining the market growth during the forecast period. 

The European Medical Agency (EMA) is responsible for the expedited approval of veterinary products and implementation of the most descriptive regulatory guidelines primarily focusing on animal health. The European market has been the harbinger in technology pertaining to veterinary products; pioneering companies are mostly present in the Western Europe region. Asia Pacific will be the fastest growing region due to key drivers such as increasing demand for pet insurance and the presence of humid subtropical climate favoring the rampant growth of infectious diseases in farm animals. In addition, the flourishing e-commerce industry in China and India will further bolster the market growth for veterinary orthopedic implant products. 

Key Market Movements: 

Browse full report at https://www.credenceresearch.com/report/veterinary-equipment-and-disposables-market

The Global Veterinary Equipment and Disposables Market is Segmented into:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million
Segmentation

 By Type (2017–2027; US$ Mn)

 By End-user Segment (2017–2027; US$ Mn)

 By Geography Segment (2017–2027; US$ Mn)

*Complete segmentation list is on report page

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