Top Market Shifts Transforming the Veterinary Patient Monitoring Equipment Market Landscape: Key Insights

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What Is the Expected CAGR for the Veterinary Patient Monitoring Equipment Market Through 2025?
There has been robust development in the size of the veterinary patient monitoring equipment market in the past few years. It is predicted to increase from $0.66 billion in 2024 to $0.72 billion in 2025, representing a compound annual growth rate (CAGR) of 8.1%. The surge in the historic period can be linked to factors such as a rise in pet adoption and the humanization of pets, an uptick in chronic diseases among pets, enhanced awareness of the advantages of veterinary patient monitoring, and governmental programs.

What's the Projected Size of the Global Veterinary Patient Monitoring Equipment Market by 2029?
In the coming years, the veterinary patient monitoring equipment market is projected to witness substantial growth, potentially reaching $0.98 billion by 2029 with a compound annual growth rate (CAGR) of 8.2%. This anticipated growth during the forecast period can be ascribed to factors such as increased spending on pet healthcare, the advent of veterinary telemedicine, the globalization of veterinary services, a surge in demand for customized veterinary care, and the increasing trend of pet insurance. Key trends in this forecast period encompass technological advancements, wearable monitoring devices, remote monitoring and telehealth, wireless connectivity, and environmentally-friendly monitoring measures.

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Top Growth Drivers in the Veterinary Patient Monitoring Equipment Industry: What's Accelerating the Market?
The key driving force behind the veterinary patient monitoring equipment market appears to be the rising rate of disease prevalence among animals. The growing incidence of diseases in livestock and pets necessitates the use of monitoring equipment for disease diagnosis. To illustrate, the World Health Organization, a UN's specialized Switzerland-based institution overseeing international public health, reported high-potency H5N1 avian influenza outbreaks among chickens and wild birds across a total of 67 countries on five continents in July 2023. With an approximate 131 million farmed birds having been eliminated due to sickness or slaughter on impacted farms and neighborhoods in 2022. This upward trend in animal disease prevalence is fueling an increased demand for superior veterinary patient monitoring devices in the market.

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What Trends Will Shape the Veterinary Patient Monitoring Equipment Market Through 2029 and Beyond?
The trend of using wearable technology to monitor animal behavior is being adopted by veterinarians and owners of pets or livestock. This smart electronic technology, which can be worn on the body, incorporated into clothing or added to accessories, provides information on body temperature, behavior and movement. It allows for prompt evaluation of an animal's overall health, facilitating an accurate diagnosis from the veterinarian. For example, Vetrax, a wearable sensor attached to a dog's collar, allows medical professionals and pet owners to observe an animal's behavior when not in direct surveillance. A study by Veterinary Practice News revealed that 83% of pet owners are happy with utilising wearable technology and 68% believe it's an efficient way to keep an eye on their pets' weight and diabetes conditions.

What Are the Main 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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Which Top Companies are Driving Growth 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 Healthcare, MinXray Inc., Diagnostic Imaging Systems, GE Healthcare, 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., Burd*ick, Criticare Systems Inc., Datascope Corp., Edan Instruments Inc., Masimo Corporation, Nihon Kohden Corporation

Which Regions Will Dominate the Veterinary Patient Monitoring Equipment Market Through 2029?
North America was the largest region in the veterinary patient monitoring market in 2024. 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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