According to IMARC Group’s latest report, titled “Veterinary Equipment and Disposables Market Analysis: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 the global veterinary equipment and disposables market grew at a CAGR of around 5% during 2015-2020. Looking forward, the market is expected to exhibit moderate growth during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Veterinary equipment and disposables are designed to accurately diagnose ailments, provide treatment, and control the breeding of companion and livestock animals. They are also used in the animal husbandry sector to test animals regularly and prevent food infectivity, infection and other diseases. Some of the commonly utilized veterinary equipment and disposables include medical apparatus, analyzers, needles, syringes, handheld tools, disposable devices, surgical instruments, and diagnostic test kits.
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The growing number of animal husbandry activities is primarily driving the demand for veterinary equipment and disposables for better diagnosis and treatment for livestock. Furthermore, the increasing penetration of pet humanization trends, on account of the rising trend of nuclear families and elevating income levels, are further augmenting the market growth. Moreover, the accelerating uptake of pet insurance policies due to the concerns among pet parents about the well-being of their pets is also contributing to the market growth. Furthermore, the introduction of compact, lightweight, portable and real-time equipment with cameras has significantly minimized the examination time by accurately analyzing internal body systems, thereby further augmenting the market growth. Besides this, the escalating number of animal care centers across the globe is anticipated to further catalyze the market growth over the forecasted period.
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List of Key Companies Covered in this Market Report:
- Braun Melsungen AG
- Digicare Biomedical Technology Inc.
- Henry Schein Inc.
- Medtronic Plc
- Midmark Corporation
- Nonin Medical Inc.
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
- Smiths Group plc
- Vetland Medical Sales and Services
- Vetronic Services Ltd.
The report has segmented the market on the basis of product, a, deployment type, organization size, end use and geography.
Breakup by Product:
- Critical Care Consumables
- Anesthesia Equipment
- Fluid Management Equipment
- Temperature Management Equipment
- Rescue and Resuscitation Equipment
- Research Equipment
- Patient Monitoring Equipment
Breakup by Animal Type:
- Companion Animal
- Livestock Animal
Breakup by End Use:
- Veterinary Hospitals/Clinics
- Research Institutes
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
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