Overview:
The veterinary equipment and
disposables market is predicted
to have a CAGR of 9.5%, including a market value of USD 1.98 billion during the
forecast 2022-2030. Market Research Future (MRFR) takes this time period as the
forecast period for the market and studies all the details accordingly.
The global market has high growth potential as the
surge in the zoonotic diseases is raising eyebrows. Funds are getting channeled
to ensure that research and development mark better growth. It is also getting
traction from the increasing number of pet insurance that is providing people
with better opportunities to treat their pets. In addition, various animal
welfare organizations are launching in campaigns to ensure a better growth rate
for the market. Current players have formed several strategies and it is also
witnessing the boons of new entrants as the market is becoming competitive.
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Segmentation
The global market report on the veterinary
equipment and disposables can find a better scope for understanding with proper
segmentation. These segments are animal type, type, and end user.
By type, the global market for veterinary equipment
and disposables can be segmented into anesthesia equipment, critical care
consumables, research equipment, temperature management equipment, fluid
management equipment, and rescue & resuscitation equipment. The critical
care consumables segment encompasses gastroenterology consumables, wound
management consumables, airway management consumables, fluid administration &
therapy consumables, needles, and others. The anesthesia equipment segment
comprises ventilators, gas delivery management systems, anesthesia machines,
waste gas management systems, vaporizers, and others. The research equipment
segment includes lab evacuation systems and induction chambers. The rescue and
resuscitation equipment segment covers resuscitation bags and oxygen masks.
By animal type, the global market for veterinary
equipment and disposables can be segmented into small animals and large
animals.
By end user, the global market report on the veterinary
equipment and disposables envelops research institutes, veterinary hospitals,
veterinary clinics, and others.
Regional
Analysis
The market in the Americas has a better chance to
dominate the global market for veterinary equipment and disposables. This is
due to better structural provisions, high expenditure for research &
development, increasing innovation, rising per capita income, and others.
Several countries like the US and Canada are going to promote growth. These two
countries are known for their superlative market presence and can inspire better
growth.
Europe would likely retain its second position in
the global market for veterinary equipment and disposables. This regional
growth would depend much on the healthcare system and better provision for the insurance
coverage for pets. The rise in the number of doctors for these pets is also
rising, which can provide better growth opportunities for the market. In the
Asia Pacific region, the global market for veterinary equipment and disposables
can find a significant rise from the propelling effect of the Indian market.
The regional market would be the fastest in terms of growth. Various animal
welfare organizations are playing in favor of the market, which can promote
growth. The Middle East & Africa (MEA) can find better growth opportunities
as the number of pet owners is rising in the region.
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Competitive
Landscape:
The global market for veterinary equipment and
disposables market can be taken into consideration with an assessment of
various market players. MRFR has included this to get a comprehensive picture
of the entire market and understand how the market is going to shape up in the
coming years. These companies are DRE Medical, B. Braun Melsungen AG, Henry
Schein, Digicare Biomedical Technology Inc., Medtronic, Midmark Corporation,
Jorgensen Labs, Smiths Group plc, Patterson Companies, Inc., and Vetland
Medical Sales & Services. Extensive steps like mergers, acquisitions,
tie-ups, and others can inspire better growth for the market.
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