Press release
Veterinary Infusion Pumps Market Growth, Expected to Surpass $110 Million by 2031
The global veterinary infusion pumps market is witnessing substantial growth, with projections indicating a valuation surpassing $110 million by 2031. According to the latest market analysis, the market was valued at $76,000.0 thousand in 2021, with a projected CAGR of 3.8% from 2022 to 2031.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ: https://www.alliedmarketresearch.com/request-sample/A14901
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:
The surge in adoption of companion animals and increased awareness regarding animal health are driving the growth of the veterinary infusion pumps market. Notably, statistics from the North American Pet Health Insurance Association reveal that 67% of U.S. families owned a pet in 2019. Additionally, the prevalence of animal diseases such as cancer and kidney-related issues, requiring prolonged hospitalization, is fueling demand for veterinary infusion pumps in hospitals and clinics.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The market is further boosted by the rise in expenditure on pets, with significant annual spending reported for both dogs and cats in the United States. The increasing popularity of pet insurance, with a total premium volume nearing $2.6 billion in 2021 according to the Insurance Information Institute, is also contributing to heightened demand for veterinary infusion pumps.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐๐จ๐ซ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ:
Quantitative analysis of market segments and trends
Insights into key drivers, restraints, and opportunities
Porter's five forces analysis for strategic decision-making
In-depth segmentation analysis to identify market opportunities
Regional and global market trends, key players, and growth strategies
๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐: Expected to reach USD 110.8 million by 2031
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐๐ญ๐: CAGR of 3.8% during the forecast period
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ ๐๐ฌ: Comprehensive analysis across 210 pages
๐๐ฒ ๐๐ฒ๐ฉ๐: Syringe Infusion Pumps, Large Volume Infusion Pumps
๐๐ฒ ๐๐ง๐ ๐๐ฌ๐๐ซ: Veterinary Hospitals, Veterinary Clinics, Others
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ: Digicare Biomedical Technology Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Opto Circuits (India) Ltd., and more.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A14901
The veterinary infusion pumps market report offers crucial insights for stakeholders to make informed decisions and capitalize on emerging opportunities. With a focus on innovation and improving animal healthcare outcomes, the market is poised for significant growth in the coming years.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
David Correa
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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