Numerous factors are adding to the veterinary dentistry instruments & equipment market demand. Such factors, as revealed by the latest MRFR report, include increasing incidence of periodontal disease in animals, rising expenditure on pet insurance, untapped emerging markets, technological advances, and growing awareness about animal healthcare. Additional factors propelling the veterinary dental equipment market growth include the availability of attractive reimbursement plans, increasing incidence of oral diseases in companion pets, and an increasing number of veterinary practitioners.
The veterinary dental equipment market is likely to grow at a 9.5% CAGR between 2018- 2023, reveals the new Market Research Future (MRFR) report. Veterinary dentistry equipment, simply put, are sterile, powered, or handheld tools that veterinary dentists use to perform various procedures on animals such as extraction of tooth, repair tumors of oral hard and soft tissues, and remove plaques or tooth calculus among others.
The Market Research Future Report provides an inclusive segmental analysis of the veterinary dental equipment market based on end user, animal type, and product.
By animal type, the global veterinary dental equipment market is segmented into companion animals, large animals, and others. Of these, companion animals will dominate the market over the forecast period.
By end user, the veterinary dental equipment market is segmented into research and academic institutes, veterinary clinics, veterinary hospitals, and others. Of these, the veterinary hospital will have a major share in the market over the forecast period.
By region, the global veterinary dental equipment market report covers the growth opportunities and recent trends across Europe, the Americas, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will command the largest share in the market over the forecast period for the presence of top market players in the region and rising expenditure on pet insurance.
The global veterinary dental equipment market in Europe is predicted to hold the second-largest share over the forecast period chiefly for the rising incidence of periodontal diseases.
The global veterinary dental equipment market in the APAC region is predicted to grow at a high CAGR over the forecast period for the rising awareness regarding animal healthcare.
The global veterinary dental equipment market in the MEA is predicted to have a small share over the forecast period for low economic development, particularly in the African region.
Notable players profiled in the global veterinary dental equipment market report include Technik Veterinary, Midmark Corporation, MAI Animal Health, J & J Instruments, Integra Lifesciences, iM3 Pty Ltd, Henry Schein, Eickemeyer, Dispomed, Dentalaire, Cislak Manufacturing, Charles Brungart, Inc. (Cbi), and Acteon Group. Industry players have used strategies such as strategic alliances, mergers, partnerships, acquisitions, new product launches, among others, to create a niche in the market.