Global Veterinary Medical Equipment Market Outlook, Opportunities And Strategies – Includes Medical Equipment Market Analysis
Learn about the global veterinary medical equipment market through The Business Research Company, which provides information on veterinary medical equipment market size, veterinary medical equipment market drivers and restraints, veterinary medical equipment market players, the COVID-19 impact on the veterinary medical equipment market, and more.
The veterinary medical equipment market is expected to grow at a CAGR of 5.4% from nearly $2.13 billion in 2020 to reach $2.77 billion in 2025. The global veterinary medical equipment market size is expected to reach $3.57 billion in 2030, at a CAGR of 5.2%.
Adoption of companion animals is expected to drive the veterinary medical equipment market.
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The veterinary medical equipment market consists of sales of veterinary medical equipment and related services by entities (organizations, sole traders and partnerships) that produce veterinary medical equipment used in the diagnosis, monitoring, and treatment of medical conditions in animals. This industry includes establishments that produce veterinary surgical equipment such as endoscopic systems, dental equipment, veterinary telemetry services, and others.
Global Veterinary Medical Equipment Market Segments Include:
By Type: Veterinary Diagnostic Equipment, Veterinary Anesthesia Equipment, Veterinary Patient Monitoring Equipment, Others
By Product: Instruments/Equipment, Disposables
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global veterinary medical equipment market, accounting for 51.9% of the total in 2021.
Hand-held devices are being widely used for medical examinations for faster diagnosis of medical conditions in animals. Customized smartphones and mobile applications are being used for medical diagnosis. Portable x-ray and portable ultrasound scanners have also increased the efficiency of veterinary treatment.
Major Market Players: Covetrus Inc., IDEXX Laboratories Inc., Integra LifeSciences Corporation, Mindray Medical International Limited, Midmark Corporation
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Veterinary Medical Equipment Market Report 2022 is one of a series of new reports from The Business Research Company that provides veterinary medical equipment market overviews, analyzes and forecasts market size, share, veterinary medical equipment market players, veterinary medical equipment market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s veterinary medical equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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