The global veterinary equipment and disposables market size is expected to reach USD 3.3 billion by 2027, expanding at a CAGR of 7.7%, according to a new report by Grand View Research, Inc. Increasing pet health expenditure and growing concern among pet owners are driving the market. In addition, advancements in veterinary instruments and growing initiatives by the industry players are boosting the growth. Moreover, the increasing number of veterinary practitioners and their incomes in developed economies are also responsible for market growth.
Companies
are investing in the expansion of their manufacturing facilities, which is
expected to positively influence the revenue over the forecast period. Growth
in the companion animal population is expected to increase the demand for
better treatment options and boost the overall expenditure on pets. In
addition, there is an increase in the demand for animal products in emerging
economies, due to improving per capita income and living standards. This has
raised concern for the health of livestock, which is further fueling the
market.
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Veterinary
Equipment And Disposables Market Report Highlights
- In terms of
revenue, critical care consumables dominated the product segment and
accounted for a revenue share of around 32.5% in 2019 owing to its
increased consumption. In addition, the growing concern among the pet
owners and an increased number of surgeries is further propelling segment
growth
- Wound
management consumables dominated the critical care consumables segment in
2019. The growth can be attributed to the application of the consumables
for various surgeries, and new product launches by the industry players
- The
anesthesia instruments segment is expected to show the fastest growth over
the forecast period owing to the advancement in anesthesia devices and
increased usage during surgeries
- Companion
animals dominated the animal type segment as of 2019. The growth can be
attributed to the increasing ownership, rising emphasis on pet care,
and increased pet healthcare expenditure
- Dogs held the
largest share of the companion animals segment owing to the increasing
prevalence of chronic diseases in dogs and advancement in surgeries
- On basis of
end-use, veterinary hospitals/clinics held the largest revenue share in
2019 owing to the availability of a wide range of treatment options and an
increase in the number of animal hospitals and clinics in developing
countries.
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Veterinary Equipment
And Disposables Market Segmentation
Grand View Research has
segmented the global veterinary equipment and disposables market on the basis
of product, animal type, end-use, and region:
Veterinary
Equipment & Disposables Product Outlook (Revenue, USD Million, 2016 - 2027)
- Critical Care Consumables
- Wound Management Consumables
- Airway Management Consumables
- Gastroenterology Consumables
- Needles
- Fluid Administration and Therapy Consumables
- Accessories
- Others
- Anesthesia Equipment
- Complete Anesthesia Machines
- Ventilators
- Vaporizers
- Waste Gas Management Systems
- Gas Delivery Management Systems
- Accessories
- Fluid Management Equipment
- Large-Volume Infusion Pumps
- Syringe Pumps
- Temperature Management Equipment
- Patient Warming Systems
- Convection Warming Systems
- Conduction Warming Systems
- Fluid Warmers
- Rescue & Resuscitation Equipment
- Resuscitation Bags
- Oxygen Masks
- Research Equipment
- Lab Evacuation Systems
- Induction Chambers
- Patient Monitoring Equipment
Veterinary
Equipment & Disposables Animal Type Outlook (Revenue, USD Million, 2016 -
2027)
- Companion Animal
- Dogs
- Cats
- Horses
- Others
- Livestock Animal
Veterinary
Equipment & Disposables End-use Outlook (Revenue, USD Million, 2016 - 2027)
- Veterinary Hospitals/Clinics
- Research Institutes
Veterinary
Equipment & Disposables Regional Outlook (Revenue, USD Million, 2016 -
2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
List of Key
Players of Veterinary Equipment And Disposables Market
- Smiths Medical
- Nonin Medical
- Mindray Medical International Limited
- Digicare Animal Health
- B. Braun Vet Care
- Covetrus (Henry Schein)
- DRE Veterinary
- Vetland Medical
- Midmark Corporation
- Jorgensen Labs
- Grady Medical
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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