Global veterinary equipment and disposables market is expected to reach USD 2.8 billion by 2025, from USD 1.5 billion in 2017 growing at a CAGR of 8.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Definition: Global Veterinary Equipment and Disposables Market
The imperative components affecting the development of the market for veterinary equipment and disposables all around incorporate the growing animal wellbeing spending, rising digit of veterinary specialists and their developing wage levels, increment in partner animals and the mounting demand for pet protection. However, the mounting cost of pet consideration, extreme shortage of talented and expert veterinarians, and low animal wellbeing understanding are few factors that can restrict the market development.
·Growth in companion animal population
·Rising demand for pet insurance with growing animal health expenditure
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Global Medical Gases & Equipment Market: Segmentation
·The global veterinary equipment and disposables market is segmented based on type, animal type end user and geography.
·Based on type, the market is segmented into critical care consumables, anesthesia equipment, fluid management equipment, temperature management equipment, patient monitoring equipment, research equipment, rescue & resuscitation equipment. The critical care consumables are further segmented into wound management consumables, fluid administration and therapy consumables, airway management consumables, gastroenterology consumables, needles, reproduction consumables, urology consumables and consumable product accessories.
·Based on animal type, the market is segmented into small companion animals, large animals and other animals. The small companion animals are further segmented into dogs, cats and other small companion animals. The large animals are segmented into equines and bovines and other farm animals
·Based on end user, the market is segmented into veterinary clinics, veterinary hospitals and research institutes.
·Growth in the number of veterinary practitioners and income levels in developed economies
·Rising pet care costs
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Competitive Analysis: Global Veterinary Equipment and Disposables Market
The global veterinary equipment and disposables market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of veterinary equipment and disposables market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players: Global Veterinary Equipment and Disposables Market
Dre Veterinary, Henry Schein, Smiths Group, Midmark, Jorgenson Laboratories, Mindray Medical, Nonin Medical, Vetland Medical, B. Braun, Digicare Biomedical, Hallowell Emc, Grady Medical, Mila International, Midmark Corporation, Mila International, Inc. and Hallowell Engineering and Manufacturing Corporation.
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