Veterinary Disposable Equipment and Products Market Assessment of $ 2.40 Billion by 2027 – Medtronic Plc, Smiths Medical, 3M Company, Digicare Biomedical Technology, Inc., Vetland Medical Sales and Services LLC
Veterinary Disposables and Equipment Market – Global Industry Insights, Trends, Opportunity Analysis, 2021-2027, new research from Coherent Market Insights has announced a report bringing you more creative solutions that combine our deep geographic experience, deep industry knowledge and clear ideas on how to create value in your business. The Veterinary Disposable Equipment and Products market offers a summary of the product specification, production analysis, technology, product type, taking into account the key characteristics such as gross margin, revenue, and cost. The Veterinary and Disposable Equipment Market report provides key statistics on the market status of the Veterinary and Disposable Equipment manufacturers and is a valuable source of guidance and direction for businesses and individuals interested in the industry. .
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Veterinarians use a wide range of tools for the control of animals, for the treatment of animal diseases, for making dressings on their wounds, for performing various surgeries on them and also for collecting their bodily fluids. These tools are known as veterinary equipment and disposables, including suction machines, surgical forceps, screwdrivers, microscopes, catheters, and saws. However, other specialized equipment designed for animals, such as manual and electric razors, are used by veterinarians to remove hair from furry animals in order to continue their surgeries on them. Other specialized tools used by veterinarians include tourniquets, hooks, hemostats, and curved hooks. Almost similar equipment is used by veterinarians and doctors depending on the requirements of the patient. The range of modern veterinary equipment and disposables ranges from simple surgical instruments such as blades and needles to high-tech equipment with imaging capabilities. Veterinarians also use advanced equipment including surgical lasers, photo-biotherapy devices, cold laser treatment devices and others. In addition, specialist services are also provided by specialist veterinarians which include reproductive assistance through insemination, which could be performed through blood and fertility tests, insemination equipment, as well as ultrasound procedures.
Market factors: –
There are many factors driving the growth of the veterinary equipment and consumables market. Rising incidence of chronic animal related diseases or livestock diseases such as Lumpy Skin Disease, Foot and Mouth Disease, and Pet Cancer across the world is fueling the market growth. For example, the Veterinary Cancer Society reported in 2016 that about 47% of dogs were diagnosed with cancer after the age of 10. Likewise, 32% of cats were infected with the feline leukemia virus (FeLV) which caused lymphoma in cats. Additionally, the Royal Veterinary College at the University of London released a report indicating that the number of dogs treated with the anal sac impaction procedure was around 3,884 dogs in London in 2013.
Another factor driving the growth of the market is the increased investment in veterinary care. The increased investment has led to the development of advanced technologies in the field of animal health, such as various medical therapeutic doses which are administered to pets through disposable veterinary infusion pumps. For example, in 2011, a Body Guard 121 Twins device was introduced that allowed rapid, high volume infusions to be set up. The apparatus has also been used to infuse two different animals from one apparatus or to mix two different infusion solutions for one animal. It was primarily introduced for veterinarians which consist of two independent channels expanding the range of treatment options.
Market catering: –
The main factor holding back the growth of the veterinary equipment and consumables market is the lack of precision observed in these devices. Some issues like improper user interface design, alarm errors, and software glitches are causing the market growth to decline.
In 2018, the veterinary equipment and consumables market value reached $ 1.63 billion. The market is expected to grow at a CAGR of 8.0% during the forecast period (2018-2023) and may reach $ 2.40 billion by 2023.
Key players: –
The major players operating in the global veterinary disposable equipment and products market are Smiths Medical, Medtronic Plc, Hallowell Engineering and Manufacturing Corporation, DRE Veterinary, 3M Company, Mila International, Inc., Digicare Biomedical Technology, Inc., Midmark Corporation, Vetland Medical Sales and Services LLC, et al.
Many market players aim to develop advanced products and meet the demand of veterinarians by adopting strategic collaborations in the treatment of animals. For example, the collaboration between Oncura Partners Diagnostics LLC and Analogic Corporation in February 2016 led to the development of a cloud-based ultrasound telehealth service, which aided in real-time remote ultrasound imaging and provided services to the veterinary market.
Regional analysis: –
The global veterinary equipment and consumables market is segmented by region into Asia-Pacific, Europe, Africa, Middle East, North America and Latin America. North America dominates the market with its increasing prevalence of serious chronic animal diseases such as cancer and is expected to maintain its dominance with increasing investments in animal health during the forecast period. For example, in 2015, the Animal Cancer Foundation said that approximately 6 million pets out of 65 million dogs and 32 million cats living in the United States were reported with new cases of cancer each year. . The data also suggests that dogs suffer from certain cancerous tumors of which about 20% of all tumors are mast cells and about 33.33% of tumors are skin tumors. Additionally, in 2017, the Animal Cancer Foundation received US $ 1 million from the Blue Buffalo Foundation for the development of the Canine Cancer Genome Project to advance effective therapies and map tumor genomes in animals.
Moreover, the increasing prevalence of infectious diseases of animals and livestock in the Asia-Pacific region is generating a high demand for treatment options, ultimately leading to the significant growth of the global veterinary equipment and disposables market. For example, in 2015, the Global Animal Disease Intelligence Report reported that the Republic of Korea reported 157 outbreaks of serotype-OS in its various cities, mainly in pig, goat and cattle farms. Market players in the Asia-Pacific region have looked to international markets to create its significant position in the global market. For example, the point-of-service (PoC) blood analyzer PT10V was introduced in February 2017 for blood testing on animals by Samsung Electronics in conjunction with Henry Schein, Inc. at NAVC, i.e. tell at the North American Veterinary Community Conference in Orlando, Florida. .
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Key Points From Table Of Contents Of Veterinary Equipment And Disposables Market Report
Chapter 1 Industry Overview
1.3 Scope of the research
1.4 Market Analysis by Regions
1.5 Analysis of Veterinary Disposable Products and Equipments Market Size from 2021 to 2027
11.6 COVID-19 outbreak: impact on the veterinary equipment and disposables industry
Chapter 2 Veterinary Disposable Products and Equipment Competition by Types, Applications and Major Regions and Countries
2.1 Veterinary Equipment and Disposables (Volume & Value) by Type
2.3 Veterinary Equipment and Disposables (Volume and Value) by Regions
chapter 3 Production market analysis
3.1 Analysis of the production market
3.2 Regional production market analysis
Chapter 4 Veterinary and Disposable Equipment Sales, Consumption, Exports and Imports by Regions (2016-2021)
Chapter 5 North America Veterinary Disposables and Equipment Market Analysis
Chapter 6 East Asia Veterinary Disposables and Equipment Market Analysis
Chapter 7 Analysis of the veterinary equipment and disposables market in Europe
Chapter 8 Analysis of the veterinary equipment and consumables market in South Asia
Chapter 9 Southeast Asia Veterinary Equipment and Consumables Market Analysis
Chapter 10 Middle East Veterinary Equipment and Consumables Market Analysis
Chapter 11 Analysis of the veterinary equipment and consumables market in Africa
Chapter 12 Analysis of the veterinary equipment and disposables market in Oceania
Chapter 13 South America Veterinary Equipment and Consumables Market Analysis
Chapter 14 Company profiles and key figures of the veterinary equipment and disposables sector
Chapter 15 Veterinary and Disposable Equipment Market Forecast (2021-2027)
Chapter 16 Conclusion
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