Press release
Veterinary Wearable Electronics Market Forecast Till 2019
North America leads the market for veterinary wearable electronics with a share of 39.7% in 2014 that translated into revenues worth US$ 296.5 million according to the new report 'Global Veterinary Wearable Electronics Market Assessment & Forecast: 2015-2019' by SA-Business Research & Consulting group.
North America was observed to have the greatest penetration of pet wearables. GPS collars along with Fitness & Activity Monitoring devices have a high market penetration among pet owners in the region due to excellent wireless infrastructure and telecommunication technologies. The lack of this infrastructure in developing regions such as Asia-Pacific, Middle-East and Africa has resulted in lesser adoption of the devices and they are expected to gain steady growth only towards the end of the forecast period. Crowdfunding platforms such as Kickstarter and Indiegogo have provided a strong avenue for new innovative start-ups to launch pet wearables since 2010.
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There is a great potential for pet wearables in Europe due to the already existing infrastructure of modern telecommunication. These products are anticipated to garner significant attention as pet owners are aware of the technology and how to interpret data provided by mobile apps and software platforms. The large number of existing cattle breeding & heat detection wearable device companies such as Nedap, GEA Group Aktiengesellschaft, Silent Herdsman Limited, DiaryMaster and IceRobotics has made sure the region leads globally in the breeding and heat detection devices segment. SA-BRC analysis gives Germany a high value as it is one of the largest dairy and meat producing countries in Europe. United Kingdom along with others such as Spain, France, Germany, Italy and Sweden have a high equine population and neighboring Middle-East region can also greatly benefit from equine technologies. Environmental factors such as extreme temperatures in the region can act to the detriment of equine health, further promoting the demand for equine health companies.
More Report Description And TOC@ http://www.sa-brc.com/report/Global-Veterinary-Wearable-Electronics-Market-Assessment--Forecast-2015-2019/30
About Us
Spearhead Acuity Business Research & Consulting Private Limited (SA-BRC) is a premium Life Science business intelligence and data analytics firm. SA-BRC team offers a wide range of business intelligence services to multiple stakeholders such as Medical Device Manufacturers, Service Providers (Hospitals, Payers, etc.), Suppliers, Group Purchase Organizations, Distributors and all other individuals in the entire value chain of healthcare industry. Our research and consulting capabilities extend across several sub-domains within the sphere of Life Sciences such as Biotechnology, Healthcare IT, Medical Devices, Veterinary Sciences, Wellness Products and Pharmaceuticals.
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