Veterinary Equipment and Supplies Market Scope
Veterinarians use equipment equivalent to the ones used by clinicians, but tailored to the needs of their animal patients. Advanced veterinary equipment includes instruments ranging from simple medical tools and disposables like needles and blades to high-tech imaging equipment. Functional veterinarians provide additional services which including insemination assistance, which can be accomplished through ultrasound procedures, insemination equipment, and blood and fertility tests. Cold laser surgery machines, photo-biotherapy machines, surgical lasers, and other advanced devices are used by veterinarians. The expected to boost the growth for pet insurance to help limit out-of-pocket expenses on critical health conditions like accidental injuries is expected to drive market growth.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | DRE Medical Equipment (United States), Thomasnet (United States), B. Braun Vet Care GmbH (Germany), Midmark Corporation (United States), Burtons Medical Equipment Ltd (United Kingdom), Covetrus Inc. (United States), BD Animal Health (United States), VETINOX (France), NEOGEN Corporation, Cardinal Health (United States), Jorgensen Laboratories (United States), Nonin Medical (United States), Digicare Animal Health (United States) and Grady Medical (United States) |
CAGR | % |
The market for Veterinary Equipment and Supplies is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Veterinary Equipment and Supplies market throughout the predicted period.
DRE Medical Equipment (United States), Thomasnet (United States), B. Braun Vet Care GmbH (Germany), Midmark Corporation (United States), Burtons Medical Equipment Ltd (United Kingdom), Covetrus Inc. (United States), BD Animal Health (United States), VETINOX (France), NEOGEN Corporation, Cardinal Health (United States), Jorgensen Laboratories (United States), Nonin Medical (United States), Digicare Animal Health (United States) and Grady Medical (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Mila International Inc. (United States), ICU Medical, Inc. (United States), Neogen Corporation (United States) and Integra LifeSciences (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Veterinary Equipment and Supplies market by Type , by Application (Practice, Clinic, Laboratory, School and Veterinary Hospital) and Region with country level break-up.
On the basis of geography, the market of Veterinary Equipment and Supplies has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On 20 September 2021, NEOGEN Corporation announced today that it has acquired Atlanta-based CAPInnoVet, Inc., a companion animal health company that provides pet medications to the veterinary market.
Influencing Trend:
Advancement In Monitoring And Therapy Options Such As IV Fluid Therapy, Ventilation Support And Other
Market Growth Drivers:
Growing Prevalence Of Animal Diseases and Rising Pet Adoption Across The Global
Challenges:
Intense Competition Among Players
Restraints:
Lack of Skilled Professionals and High Cost Associated with repair and Maintenance of Veterinary Equipment
Opportunities:
Increasing Number Of Veterinary Professionals And Veterinary Clinics and Increasing Number Of Insured Animals Is Expected To Drive The Demand For Veterinary Procedures
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others