Veterinary Catheters Market Expansion Strategies Set to Generate Substantial Revenue in the Near Future
Standard products recommended for veterinary catheters on a broad category includes balloon catheters, lumen catheters, permanent catheters and hydrophilic catheters. Under disease indication segment defined for veterinary catheters market, urology followed by gastroenterology accounts for a significant revenue share in the global veterinary catheters market. ENT, neurology, and ophthalmology are the other common disease indications that utilize the veterinary catheters. Based on the applications in veterinary catheters market, diagnostics and dialysis accounted for the highest revenue generation. There are few conditions that necessitates animal referral to a veterinary ophthalmologist, which include, glaucoma, cataract, vision loss, congenital eye abnormalities (birth defects), lens luxation, uveitis (intraocular inflammation), corneal disease, retinal disease, dry eye and eyelid abnormalities. Some of the major diseases that necessitates the use of veterinary catheters include chronic kidney diseases, urinary leakage in the abdomen, urinary tract infections and cardiovascular diseases. Irrigation and medical fluid infusion is another major application in veterinary catheters market that is further expected to surge the revenue growth. The major end users where veterinary catheters register major demand includes veterinary hospitals, veterinary clinics, homecare settings and others.
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Veterinary Catheters Market: Drivers and Restraints
The growing prevalence and recurrence of chronic kidney diseases and cardiovascular diseases in animals is expected to be the major factor driving the growth of the veterinary catheters market over the forecast period. Increase in the population of companion animals coupled with introduction of advanced veterinary healthcare techniques and devices such as catheters and early aging in animals are the other important factors contributing to the growth of the global veterinary catheters market. However, limited awareness about animal healthcare services among pet owners, poor disease diagnosis in the developing nations, related side effects such as risk of urinary leakage in abdomen and urinary tract infection is restraining the revenue growth in the global veterinary catheters market.
Veterinary Catheters Market: Segmentation
Tentatively, the global veterinary catheters market can be segmented on the basis of product type, indication, application, end user and geography.
Based on product type, the global veterinary catheters market is segmented as:
Based on indication, the global veterinary catheters market is segmented as:
Based on application, the global veterinary catheters market is segmented as:
Based on end user, the global veterinary catheters market is segmented as:
Veterinary Catheters Market: Overview
The global market for veterinary catheters is expected to witness moderate growth over the forecast period. Majority of the veterinary catheter products are introduced in the veterinary catheters market, some of them are still under development process and thus there exists a high competition among local and regional players. Among the four product types, the balloon catheters segment is expected to lead the global veterinary catheters market over the forecast period. Veterinary hospitals followed by veterinary clinics end user segment is expected to contribute high share in the global veterinary catheters market as it is the most accessible medical facility for treatment of animals. Veterinary hospitals account for significant revenue generation owing to large number of procedures involving catheter usage performed by veterinarians in the vet care hospitals.
Veterinary Catheters Market: Regional Outlook
Geographically, the global veterinary catheters market is segmented into viz. North America, Latin America, Europe, Asia-Pacific excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). North America is expected to be the dominant market in the global veterinary catheters market owing to high prevalence of the chronic kidney and cardiovascular diseases among animals and high vet care spending on animals as compared to other regions. The veterinary catheters market in Asia Pacific excluding Japan is expected to grow at a significant CAGR due to expansion of product offerings by the key domestic players. Europe is expected to register second largest share in the global veterinary catheters market throughout the forecast period owing to increased awareness about veterinary care among pet owners.
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Veterinary Catheters Market: Key Players
The global veterinary catheters market is highly fragmented owing to presence of large number of domestic manufacturers. Examples of some of the key players operating in the global veterinary catheters market are Jorgen Kruuse A/S, Vygon Vet, Biomerics Advanced Catheter, B. Braun Melsungen AG, SAI Infusion Technologies and Covidien Plc among others
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on:
Supply & Demand
Competition & Companies involved
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
Asia Pacific Excluding Japan (China, India, Australia & New Zealand)
Middle East and Africa (GCC, S. Africa, Rest Of MEA)
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
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