Veterinary Equipment And Disposables Market to show Favorable Growth globally by 2027

10/dic/2020 10:28:02 Grand View Research Contatta l'autore

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The global veterinary equipment and disposables market size is expected to reach USD 3.3 billion by 2027, expanding at a CAGR of 7.7%, according to a new report by Grand View Research, Inc. Increasing pet health expenditure and growing concern among pet owners are driving the market. In addition, advancements in veterinary instruments and growing initiatives by the industry players are boosting the growth. Moreover, the increasing number of veterinary practitioners and their incomes in developed economies are also responsible for market growth.

Companies are investing in the expansion of their manufacturing facilities, which is expected to positively influence the revenue over the forecast period. Growth in the companion animal population is expected to increase the demand for better treatment options and boost the overall expenditure on pets. In addition, there is an increase in the demand for animal products in emerging economies, due to improving per capita income and living standards. This has raised concern for the health of livestock, which is further fueling the market.

 

 Veterinary Equipment And Disposables Market Report Highlights

·         In terms of revenue, critical care consumables dominated the product segment and accounted for a revenue share of around 32.5% in 2019 owing to its increased consumption. In addition, the growing concern among the pet owners and an increased number of surgeries is further propelling segment growth

·         Wound management consumables dominated the critical care consumables segment in 2019. The growth can be attributed to the application of the consumables for various surgeries, and new product launches by the industry players

·         The anesthesia instruments segment is expected to show the fastest growth over the forecast period owing to the advancement in anesthesia devices and increased usage during surgeries

·         Companion animals dominated the animal type segment as of 2019. The growth can be attributed to the increasing ownership, rising emphasis on pet care, and increased pet healthcare expenditure

·         Dogs held the largest share of the companion animals segment owing to the increasing prevalence of chronic diseases in dogs and advancement in surgeries

·         On basis of end-use, veterinary hospitals/clinics held the largest revenue share in 2019 owing to the availability of a wide range of treatment options and an increase in the number of animal hospitals and clinics in developing countries.

Veterinary Equipment And Disposables Market Segmentation

Grand View Research has segmented the global veterinary equipment and disposables market on the basis of product, animal type, end-use, and region:

Veterinary Equipment & Disposables Product Outlook (Revenue, USD Million, 2016 - 2027)

·         Critical Care Consumables

o    Wound Management Consumables

o    Airway Management Consumables

o    Gastroenterology Consumables

o    Needles

o    Fluid Administration and Therapy Consumables

o    Accessories

o    Others

·         Anesthesia Equipment

o    Complete Anesthesia Machines

o    Ventilators

o    Vaporizers

o    Waste Gas Management Systems

o    Gas Delivery Management Systems

o    Accessories

Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/regulatory-affairs-market

·         Fluid Management Equipment

o    Large-Volume Infusion Pumps

o    Syringe Pumps

·         Temperature Management Equipment

o    Patient Warming Systems

o  Convection Warming Systems

o  Conduction Warming Systems

o    Fluid Warmers

·         Rescue & Resuscitation Equipment

o    Resuscitation Bags

o    Oxygen Masks

·         Research Equipment

o    Lab Evacuation Systems

o    Induction Chambers

·         Patient Monitoring Equipment

Veterinary Equipment & Disposables Animal Type Outlook (Revenue, USD Million, 2016 - 2027)

·         Companion Animal

o    Dogs

o    Cats

o    Horses

o    Others

·         Livestock Animal

Veterinary Equipment & Disposables End-use Outlook (Revenue, USD Million, 2016 - 2027)

·         Veterinary Hospitals/Clinics

·         Research Institutes

 

 

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