Press release
Veterinary Equipment And Supplies Market 2024 | Experiencing Growth: Insights into Market Size, Analysis, Competitive Landscape, Share & Forecast To 2033
Veterinary Equipment And Supplies Market
The Business Research Company presents an extensive market research report on the Veterinary Equipment And Supplies Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The veterinary equipment and supplies market size has grown strongly in recent years. It will grow from $1.95 billion in 2023 to $2.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to pandemic influence, surgical instrumentation advances, diagnostic equipment evolution..
The veterinary equipment and supplies market size is expected to see strong growth in the next few years. It will grow to $2.91 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to rise in pet ownership, focus on preventive healthcare, advanced diagnostics and imaging, specialized veterinary services.. Major trends in the forecast period include demand for point-of-care testing, geriatric pet care, shift in pet health awareness, specialized consumables, investments in r&d..
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Key Market Players:
Major companies operating in the veterinary equipment and supplies market report are B. Braun Vet Care GmbH, Covetrus Inc., BD Animal Health, Cardinal Health Inc., ICU Medical Inc., Neogen Corporation., Integra LifeSciences, Midmark Corporation, Jorgensen Laboratories LLC, Shenzhen Mindray Animal Medical Technology Co Ltd., Eickemeyer Veterinary Equipment Inc., Digicare Biomedical Technology Inc., Dispomed Ltd., Grady Medical Systems Inc., Mila International Inc., Burtons Medical Equipment Ltd., Bionet America Inc., J & J Instruments Inc., Vetronic Services Ltd., Advancis Veterinary Ltd., New Gen Medical Systems LLC, DRE Medical Inc., Smiths Group plc., Vetland Medical Sales and Services LLC, DeLaval International AB, Zoetis Inc., Ceva Santé Animale S.A., Boehringer Ingelheim Animal Health, Merck & Co. Inc., Bayer Animal Health GmbH
Market Drivers:
The increase in prevalence of diseases in animals is significantly contributing to the growth of the veterinary equipment and supplies market. As the number of obese pets continues to grow, diseases commonly associated with obesity, such as osteoarthritis, are also on the rise. The veterinary equipment and supplies aid in the diagnosis and treatment of diseases in animals. For instance, in 2021, according to a report issued by the Home Office, a UK-based ministerial department of Her Majesty's Government, the proportion of animal diseases and disorders procedures will increase to 48%. Therefore, increasing prevalence of diseases in animals is expected to propel the growth of the veterinary equipment and supplies market going forward.
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https://www.thebusinessresearchcompany.com/report/veterinary-equipment-and-supplies-global-market-report
The veterinary equipment and supplies market covered in this report is segmented -
1) By Type: Critical Care Consumables, Anesthesia Equipment, Fluid Management Equipment, Temperature Management Equipment, Patient Monitoring Equipment, Research Equipment, Rescue and Resuscitation Equipment
2) By Animal Type: Small Companion Animals, Large Animals
3) By End User: Veterinary Clinics, Veterinary Hospitals, Research Institutes
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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