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Veterinary Equipment and Disposables Market By Type (Anesthesia Equipment, Temperature Management Equipment, Critical Care Consumables, Rescue and Resuscitation, Research Equipment, Fluid Management Equipment), By End User (Hospitals, Veterinary Clinics)- Growth, Future Prospects, and Competitive Analysis, 2019 - 2027

The veterinary equipment and disposables market is expected to exhibit lucrative growth during the forecast period.

The global veterinary equipment and disposables market is expanding steadily, with a value of US$ 1,318.4 million in 2018 and a projected value of US$ 2,374.4 million by 2027. Increasing utilization of electric and manual tools for diagnosis and testing, surgical cases, injuries, reproduction, and for ultrasound procedures or blood and fertility tests will drive the overall market's growth.

High-tech evolution in the diagnostic industry would drive market growth. The producers are increasing the usage of equipment for top applications, mainly in dogs, cats, and horses. Additionally, rising government and private funding and increasing social responsibilities for animal safety will drive the growth significantly. Increasing social awareness associated with safe diagnosis and services among pets and cattle will assist in the overall market's growth on a global scale.

Market Synopsis

The disposables segment is expected to register higher growth by the end of 2027.

Global sales of veterinary equipment and disposables are growing significantly, primarily in the North American and European regions. The equipment market is fueled by growing private funding from the U.S. market. Numerous lines of veterinary equipment and disposables, mainly in the critical care and anesthesia segments, will grow significantly.

Overall, the rescue and research equipment market shows steady growth, as the new products are gaining traction in the developing markets as well due to their excellent handling and predictable absorption profiles. The revenue share from these regions can be attributed to the rising adoption of pets, the increasing commonness of injury, and diagnostic and testing procedures.

The veterinary clinics' segment is expected to register higher growth by the end of 2027.

The clinic's segment's technological expansion is expected to be steady. Growth can be observed in the near futUre due to increasing awareness about new equipment products, a rise in adoption in veterinary centers, the availability of top products, and better management of pet care.

Less outsourcing of new products in developing countries, regulations, and high costs, as well as a scarcity of skilled veterinary doctors, may stymie market growth during the forecast period. Moreover, increasing admissions for arthritis (mainly dogs) and fractures due to vehicular trauma, sports injuries, and fights will further spur revenue growth during the forecast period.

Growing demand for advanced products and the presence of established players hold the U.S. in a dominant position.

In 2018, the U.S. generated the largest market share in the global veterinary equipment and disposables market. The chief factors responsible for the positive momentum are the rising prevalence of zoonotic diseases and the existence of sophisticated technology pertaining to veterinary diagnostics and surgical science.

The U.S. is the largest market owing to increasing demand for new products and the existence of well-developed veterinary infrastructure. Moreover, a growing number of partnerships with small-scale manufacturers and demand for consumables will drive the market's growth.

However, in developing nations in the Asia Pacific, Europe, MEA, and Latin America, the availability of advanced equipment is inadequate. High cost, less awareness, and less supply in rural regions are a few factors limiting the growth of the veterinary equipment and disposables market.

Dominance of multinational manufacturers with strong product portfolios in the developed regions

Major players in the veterinary equipment and disposables market are Medtronic Plc, Vetland Medical Sales and Services LLC, Mila International, Inc., 3M Company, Smiths Medical, Digicare Biomedical Technology, Inc., Midmark Corporation, DRE Veterinary, Hallowell Engineering and Manufacturing Corporation, B. Braun Melsungen AG, Infiniti Medical, LLC, Nonin Medical, Inc., and others.

Improved veterinary diagnostic technologies with preventive care, as well as the availability of various treatment options in developing countries, will support hospital growth. Company alliances with top hospitals and partnerships for product supply will further generate maximum revenue share.

Periods of History and Forecast

This study report includes an analysis of each segment from 2017 to 2027, with 2018 as the base year. The compound annual growth rate (CAGR) for each of the respective segments is estimated for the forecast period from 2019 to 2027.

Report Scope by Segments

The current report also includes qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities to provide a better understanding of the veterinary equipment and disposables market as a whole. Additionally, the global report also comprises a graphical representation of the competitive landscape based on their market initiatives and strategies, product portfolios, and business strengths.

Key questions are answered in this report.

  • What are the current market trends and dynamics in the veterinary equipment and disposables market, and what are the valuable opportunities for emerging players?
  • Which segment accounts for the fastest CAGR during the forecast period?
  • What is the impact of high-cost veterinary equipment?
  • What are the market trends and dynamics in emerging markets such as Japan, Latin America, the Middle East, and Africa?

Frequently Asked Question:

The market for Veterinary Equipment and Disposables Market is expected to reach USD$ 2,374.4 Mn in 2027.

The Veterinary Equipment and Disposables Market is expected to see significant CAGR growth over the coming years, at 25.7%.

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

Mila International, Inc., 3M Company, Smiths Medical, Digicare Biomedical Technology, Inc., Midmark Corporation. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  May 2019
Category:  Medical Devices
Report ID:   59697
Report Format:   PDF
Pages:   120
Rating:    4.6 (49)
Delivery Time: 24 Hours to 48 Hours   
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