Press release
Veterinary Dental Equipment Market is anticipated to grow up to USD 586.5 million, at a CAGR of 7.7% during 2022-2031
Veterinary Dental Equipment Market
Veterinary dentistry is the dental care provided to animals. It is the science and art of diagnosing, preventing, and treating diseases and disorders of the oral cavity's maxillofacial region. It is used in the fields of endodontics, maxillofacial surgery, orthodontics, oral medicine, periodontics, pedodontics, and prosthodontics. Veterinary dentistry treats malocclusions, jaw fractures, oral cancer, stomatitis, and periodontal diseases in both animals and humans. The most common application of veterinary dentistry is to treat periodontal diseases in cats and dogs.
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Market Trends and Drivers:
Globally, the total number of companion animals and the adoption rate have both increased significantly. According to the American Pet Products Association's (APPA) National Pet Owners Survey (2019-2020), approximately 67 percent of US households, or approximately 84.9 million families, owned a pet. In 2018, approximately 63.4 million households had dogs, 42.7 million had cats, and 1.6 million had horses in the United States. The growing pet population is expected to fuel demand for pet care products and services, supporting the growth of veterinary dental equipment market.
Market Restraints and Challenges:
Lack of animal healthcare awareness in developing markets may restrain the market growth. Large companion and farm animal populations exist in emerging economies such as India, China, Brazil, and some Southeast Asian countries. However, when compared to developed countries in North America and Europe, these countries spend less on animal health. This is primarily due to a lack of awareness on the part of pet owners and veterinarians. Furthermore, in these countries, animal health expenditure in the farm animal segment is solely focused on therapeutic treatment. In these countries, veterinary dentistry is not widely used in large-animal practices. Hence, such factors restraining the market growth.
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COVID-19 Impact:
A worldwide emergency has been caused by the COVID-19 pandemic. The COVID-19 outbreak originated in a meat market in Wuhan (China), and it has had a negative impact on the consumption of animal-derived food products. Furthermore, due to high workloads and shifting priorities related to COVID-19, major market players efforts may be undermined. This is expected to have a negative impact on consumer perception of animal products. Moreover, trade barriers in various regions are expected to stifle market growth.
Major Players in the Global Veterinary Dental Equipment Market:
The key players in the market are Planmeca Oy (Finland), Midmark Corporation (US), Henry Schein, Inc. (US), Integra LifeSciences Corporation (US), Eickemeyer (Germany), Scil Animal Care(Germany), iM3 (Australia), Dentalaire (US), Dispomed (Canada), MAI Animal Health (US), among others.
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