Veterinary equipment and consumables are used in animal hospitals and clinics for various applications, such as anesthetic medication, respiratory support, temperature management, and fluid management. Veterinary equipment is also used in basic biomedical and medical research.
Rising animal health expenditure and a growing demand for pet insurance, the increasing number of veterinary practitioners in developed regions, and growth in the companion animal’s market are the primary drivers for the global veterinary equipment and disposables market during the forecast period.
The Global Veterinary Equipment Market is projected to reach the US $2.40 billion by 2023, nearly at a CAGR of 8.0% during the forecast period.
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Veterinary Equipment and Disposables Market segmentation:
· based on type.
· based on the animal.
· based on end users
· based on regions.
The Major Players Operating in the Veterinary Equipment and Disposables Market:
The prominent players in the veterinary equipment and disposables market are Mindray Medical International Limited (China), Smiths Group plc (UK), Nonin Medical (US), Digicare Biomedical Technology, Inc. (US), B. Braun Melsungen AG (Germany), Henry Schein (US), Vetland Medical Sales and Services, LLC (US), Hallowell Engineering & Manufacturing Corporation (US), Infiniti Medical, LLC (US), DRE Veterinary (US), and Midmark Corporation (US).
Smiths Group is the leading player in the global veterinary equipment market. This is mainly attributed to its wide geographic presence and distribution network across the globe. The company primarily focuses on strengthening its extensive global sales network. It aims to grow by making customer satisfaction a priority and providing accurate and timely responses and resolutions to consumer needs. The company also provides clinical support to its customers with information pertaining to clinical aspects of veterinary products, which helps the company increase its customer base.
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Geographical Detailed Analysis for Veterinary Equipment and Disposables Market:
North America is estimated to hold the largest share of the veterinary equipment and disposables market during the forecast period, followed by Europe and the Asia Pacific.
Factors such as the increasing number of companion animals, rising companion animal healthcare expenditure, rise in the number of livestock animals in North America (primarily due to the increasing consumption of meat and dairy products), and growth in the pet insurance market are responsible for the region’s large share in the global veterinary equipment and disposables market.
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