Transformative Trends Impacting the Veterinary Patient Monitoring Equipment Market Landscape: Revolutionizing Animal Healthcare The Adoption Of Wearable Technology In Veterinary Medicine

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How Large Will the Veterinary Patient Monitoring Equipment Market Size By 2025?
The market size for veterinary patient monitoring equipment has seen considerable expansion in the past few years. Its value is projected to rise from $0.67 billion in 2024 to $0.73 billion in 2025, representing a compound annual growth rate (CAGR) of 8.7%. The market's previous growth can be linked to factors such as the growth in pet ownership, treating pets more like human family members, a surge in chronic illnesses among pets, heightened consciousness about the advantages of monitoring veterinary patients, and relevant government schemes.

How Big Is the Veterinary Patient Monitoring Equipment Market Size Expected to Grow by 2029?
The market for veterinary patient monitoring equipment is predicted to experience robust growth in the coming years, with its value forecasted to reach $1 billion by 2029, representing a compound annual growth rate (CAGR) of 8.1%. The projected growth over the forecast period is anticipated to result from factors such as the increased spending on pet healare, the adoption of veterinary telemedicine, the global expansion of veterinary services, higher demand for customized veterinary care, and the increasing trend of pet insurance. Key trends expected to influence the market in the forecast period consist of advancements in technology, the adoption of wearable monitoring devices, the rise of remote monitoring and telehealth, advancements in wireless connectivity, and the emergence of eco-friendly monitoring solutions.

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Which Key Market Drivers Powering Veterinary Patient Monitoring Equipment Market Expansion and Growth?
One of the primary factors propelling the market for veterinary patient monitoring equipment is the escalating frequency of illnesses among animals. The rise in disease occurrence in both livestock and companion animals necessitates the use of monitoring equipment for disease diagnosis. For instance, in July 2023, reports were received by the World Health Organization, a Switzerland-based specialized agency of the United Nations responsible for international public health, of significant outbreaks of H5N1 high toxicity avian influenza in chickens and wild birds across 67 countries spanning five continents. Approximately 131 million farmed birds were eradicated due to disease or culling in impacted farms and localities in 2022. The mounting rate of animal disease prevalence thereby stimulates the demand for improved veterinary patient monitoring equipment market.

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Which Fast-Growing Trends Are Poised to Disrupt the Veterinary Patient Monitoring Equipment Market?
The usage of wearable technology is on the rise among both veterinarians and those owning pets or livestock. These devices, which are either worn on the body or incorporated into clothing or various accessories, have the ability to monior a variety of vital signs such as body temperature, behavior, and movement. They provide invaluable information about a subject's health on an ongoing basis, thereby assisting veterinary professionals in making accurate diagnoses. A prime example of this technology is Vetrax, a wearable sensor designed to attach to a dog's collar. It enables both veterinary professionals and pet owners to keep track of an animal's behaviour when left unattended. Veterinary Practice News reported that an impressive 83% of pet owners are satisfied with this kind of wearable technology, and 68% consider it an effective tool for weight and diabetes monitoring in their pets.

What Are the Emerging Segments in the Veterinary Patient Monitoring Equipment Market?
The veterinary patient monitoring equipment market covered in this report is segmented -

1) By Product: Cardiac Monitoring Devices, Respiratory Monitoring Devices, Remote Patient Monitoring Devices, Multi-Parameter Monitoring Devices, Neuromonitoring Devices, Other Products
2) By Animal: Small Companion Animals, Large Companion Animals, Wild Animals, Zoo Animals, Aquatic Animals, Exotic Animals
3) By End User: Veterinary Hospitals, Veterinary Clinics, Veterinary Research Centers

Subsegments:
1) By Cardiac Monitoring Devices: ECG Or EKG Monitors, Heart Rate Monitors, Pulse Oximeters, Blood Pressure Monitors
2) By Respiratory Monitoring Devices: Capnography Monitors, Pulse Oximeters, Respiratory Rate Monitors, Spirometers
3) By Remote Patient Monitoring Devices: Wearable Monitors, Telemedicine Systems, Mobile Health Devices
4) By Multi-Parameter Monitoring Devices: Infusion Pumps, Vital Sign Monitors, Multivariable Monitors
5) By Neuromonitoring Devices: EEG Monitors, BIS Monitors, Evoked Potential Monitors
6) By Other Products: Temperature Monitors, Fetal Monitors, Glucose Monitoring Devices

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Who Are the Global Leaders in the Veterinary Patient Monitoring Equipment Market?
Major companies operating in the veterinary patient monitoring equipment market include Smiths Group plc, Hallowell Engineering & Manfufacturing Corporation, DRE Veterinary, Digicare Biomedical Technology Inc., Midmark Corporation, Medtronic plc., Jorgensen Laboratories, Vetland Medical Sales and Services LLC, Jorgen Kruuse A/S, Mila International Inc., Mindray Medical International Limited, Nonin Medical, B. Braun Melsungen AG, Henry Schein, Infiniti Medical LLC, 3M, Carestream Health, IDEXX Laboratories Inc., Agfa Healare, MinXray Inc., Diagnostic Imaging Systems, GE Healare, Esaote S.p.A, Shenzhen Comen Medical Instruments Co. Ltd., Lepu Medical, ALPHATEC, Shenzhen Witleaf Medical Electronics CO. Ltd, CONTEC Medical, Datex-Ohmeda, Respironics, VetSpecs Inc., Digicare Animal Health, Burtons Medical Equipment Ltd, Avante Animal Health, Cardiac Science Corporation, Bionet America Inc., Bur, Criticare Systems Inc., Datascope Corp., Edan Instruments Inc., Masimo Corporation, Nihon Kohden Corporation

Which are the Top Profitable Regional Markets for the Veterinary Patient Monitoring Equipment Industry?
North America was the largest region in the veterinary patient monitoring market in 2023. Asia-Pacific was the second-largest region in the global veterinary patient monitoring market share. The regions covered in the veterinary patient monitoring equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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