NEWARK, Del, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The global veterinary dental equipment market is anticipated to reach a valuation of US$ 347.3 million in 2024. The industry is projected to be worth US$ 621 million by 2034, expanding at a CAGR of 6% between 2024 and 2034. The market is experiencing robust growth, primarily fueled by an escalating awareness of the critical role oral health plays in animals. This heightened awareness has led to a growing emphasis on comprehensive dental care for pets and livestock.
One prominent trend shaping this market is the relentless focus on innovation, particularly the integration of advanced digital imaging and diagnostic tools. These technological advancements are revolutionizing how veterinarians diagnose and address dental issues in animals, enhancing precision and efficiency in treatment.
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The market landscape is evolving with the active participation of new entrants and smaller companies. These players make significant strides by prioritizing product differentiation and engaging in strategic collaborations. The dynamic competitive environment fosters innovation, bringing forth a diverse range of veterinary dental equipment solutions to meet the evolving needs of veterinary practitioners.
A notable shift toward specialized veterinary dental care further underscores the market dynamism. Companies are increasingly developing tailored products and solutions to address different animal species unique dental health requirements, reflecting a nuanced approach to veterinary dentistry.
The global surge in pet ownership is a pivotal factor propelling the demand for veterinary dental equipment. As more households welcome pets, the need for advanced dental care solutions rises. This trend is particularly pronounced in regions witnessing a growing pet culture and an increased awareness of responsible pet ownership.
Key Takeaways from the Market Study:
- Based on animal type, large animals are projected to expand at 5.5% CAGR by 2034.
- The United States is estimated to register at a CAGR of 6.4% by 2034.
- South Korea experiences significant growth, projected at a CAGR of 4.1% by 2034.
- Based on product type, hand instruments are anticipated to expand at a CAGR of 5.8% by 2034.
“A pivotal driver for the veterinary dental equipment market is the growing awareness of the crucial role oral health plays in animals. This heightened awareness, coupled with an increasing emphasis on comprehensive dental care, propels the demand for advanced veterinary dental equipment.” Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)
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Veterinary Dental Equipment Market Report Scope:
| Attributes | Details | ||
| Estimated Market Size in 2024 | US$ 347.3 million | ||
| Projected Market Valuation in 2034 | US$ 621 million | ||
| CAGR Share from 2024 to 2034 | 6 % | ||
| Forecast Period | 2024 to 2034 | ||
| Historical Data Available for | 2019 to 2023 | ||
| Market Analysis | Value in US$ million | ||
| Key Regions Covered |
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| Key Market Segments Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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Competitive Landscape:
The veterinary dental equipment market is fiercely competitive, driven by the rising awareness of animal oral health. Established players such as Midmark Corporation and Henry Schein, Inc. face challenges from innovative newcomers emphasizing product differentiation.
Technological advancements and a shift towards specialized dental care contribute to the dynamic market as companies strive to meet the evolving needs of veterinarians and pet owners in this rapidly growing sector.
Some of the recent developments are:
- In January 2021, Davies Veterinary Specialists in Hitchin and Southfields Veterinary Specialists in Essex, located in the United Kingdom, introduced advanced veterinary dentistry and maxillofacial surgery services for pets.
- In May 2022, Andhra Pradesh Chief Minister Sri YS Jagan Mohan Reddy invested Rs 278 crore to launch 175 Mobile Ambulatory Veterinary Clinics (MAVCs).
Key Segments of Veterinary Dental Equipment Industry Survey:
By Product:
- Hand Instruments
- Equipment
- Consumables
By Animal type:
- Large Animals
- Small Animals
By End User:
- Veterinary Hospitals
- Veterinary Clinics
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
Author by:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
Explore FMI’s related ongoing Coverage on Healthcare Market Insights Domain:
Veterinary Vaccines Market Size: The net worth of the market share of veterinary vaccines is predicted to grow from US$ 11.3 Billion in 2023 to over US$ 20.82 billion by 2033. This is expected to further drive the market share of veterinary vaccines and register a CAGR of 6.2% between 2023 and 2033.
Veterinary Wound Debridement Market Share: The global veterinary wound debridement market was valued at US$ 663.7 Million in 2022 and is expected to reach US$ 1.5 Billion by 2033. The mechanical debridement with around 35.2% in terms of value share, has topped the global Market within the product category in 2022 and is expected to grow at a CAGR of close to 7.8% over the forecast period (2023 to 2033)
Veterinary Wound Cleansers Market Demand: According to Future Market Insights research, during the projected period, the global veterinary wound cleansers market is expected to grow at a CAGR of 10.2%. The market value is projected to increase from US$ 185.2 Million in 2023 to US$ 488.2 Million by 2033.
Veterinary Biologics Market Outlook: The global veterinary biologics market size is estimated to reach a valuation of US$ 13,140.6 million in 2024. The market is projected to surpass US$ 24,224.3 million by 2034, registering a promising CAGR of 6.3%.
Veterinary Pain Management Drugs Market Trends: The market for Veterinary Pain Management Drugs was worth US$ 1.37 billion in 2022 and is predicted to be worth US$ 2.79 billion by 2032, growing at a 7.2% CAGR from 2022 to 2032.
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