Selbyville, Delaware, Oct. 30, 2023 (GLOBE NEWSWIRE) --
Veterinary Equipment and Supplies Market size is expected to be worth USD 4.5 billion by 2032. The veterinary equipment and supplies industry has witnessed significant development and innovation in recent years. With the increasing focus on pet healthcare and the rising demand for advanced veterinary services, the industry has experienced a surge in product development.
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Industry players are offering a wide range of specialized products, from diagnostic tools such as ultrasound machines and digital radiography systems to surgical instruments and anesthesia equipment. Additionally, there is an upsurge in demand for pet wellness products, pharmaceuticals, and nutritional supplements. Technological advancements and growing pet ownership and veterinary expenditure.
Growing sales of advanced animal monitoring systems
The veterinary equipment and supplies market is segmented into rescue & resuscitation equipment, patient monitoring equipment, anesthesia equipment, critical care consumables, research equipment, temperature management equipment, and fluid management equipment. Patient monitoring of veterinary equipment and supplies plays a crucial role in ensuring the well-being of animals during medical procedures and recovery.
These advanced tools enable veterinarians to closely monitor vital signs, such as heart rate, respiration, blood pressure, and temperature, providing real-time data for accurate diagnosis and timely interventions. The industry offers a wide range of monitoring devices, including multi-parameter monitors, pulse oximeters, capnography, and ECG machines, designed specifically for veterinary use. These equipment and supplies aid in detecting abnormalities early, enabling effective anesthesia management, and enhancing post-operative care.
Robust need for veterinary equipment and supplies for diagnosis application
Veterinary equipment and supplies market is divided into surgical application, diagnosis, monitoring, and therapy. In the veterinary equipment and supplies industry, diagnosis, monitoring, and therapy are essential components that contribute to the overall care and treatment of animals. Diagnosis involves the use of advanced imaging equipment like X-ray machines, ultrasound scanners, and MRI systems to identify and assess medical conditions accurately.
Monitoring equipment, such as vital sign monitors, electrocardiography (ECG) machines, and blood analyzers, enable continuous evaluation of an animal's health parameters during procedures or recovery. Therapy involves various tools like surgical instruments, anesthesia equipment, and rehabilitation devices that aid in treatment and rehabilitation processes. These aspects work together to ensure accurate diagnosis, effective monitoring, and efficient therapeutic interventions, enhancing the quality of veterinary care and improving animal health outcomes.
Requirement for continuous monitoring of larger animals
The veterinary equipment and supplies market is divided into large animals, small companion animals, and other animals. Large animals, such as horses, cows, and elephants, require specialized veterinary equipment and supplies to meet their unique healthcare needs. These animals often present distinct challenges due to their size, strength, and specific anatomical considerations.
Veterinary equipment tailored for large animals includes diagnostic tools like portable ultrasound machines and digital radiography systems, which facilitate accurate examinations. Additionally, specialized surgical instruments and anesthesia equipment are necessary for performing surgeries and procedures on large animals safely and effectively. From hoof care tools to transport equipment, the veterinary industry offers a wide array of supplies specifically designed to meet the demands of large animal healthcare.
High demand for advanced veterinary equipment in the Asia Pacific
Geographically, Asia Pacific veterinary equipment and supplies market is experiencing significant expansion and is poised for further expansion through 2032. The region's increasing pet adoption rates, rising disposable incomes, and growing animal health awareness drive the demand for veterinary equipment and supplies. Countries like China, Japan, India, and Australia are witnessing a surge in veterinary clinics, hospitals, and pet care centers, resulting in a higher demand for advanced equipment and supplies. The market offers a wide range of products, including diagnostic tools, surgical instruments, anesthesia equipment, and pet wellness products. The Asia Pacific veterinary equipment and supplies industry presents lucrative opportunities for manufacturers and suppliers to cater to the evolving needs of the region's burgeoning pet care industry.
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Competitive landscape of the veterinary equipment and supplies market
Some of the key players in the global veterinary equipment and supplies industry are Digicare Biomedical, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Nonin Medical, Inc., DRE Veterinary, Covetrus, Inc., B. Braun Melsungen AG, Smith’s Medical, Inc., Vetland Medical Sales and Services, Jorgensen Labs, and Midmark Corporation.
Partial Table of Contents (ToC) of the report:
Chapter 3 Veterinary Equipment and Supplies Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Increase in pet adoption
3.2.1.2 Rising prevalence of animal diseases
3.2.1.3 Increase in R&D expenditure for veterinary healthcare
3.2.1.4 Rising technological advancement in patient monitoring and therapeutic systems
3.2.1.5 Increasing in animal healthcare expenditure
3.2.2 Industry pitfalls & challenges
3.2.2.1 High cost associated with animal healthcare
3.2.2.2 Lack of veterinary practitioners in developing countries
3.3 Growth potential analysis
3.3.1 By product
3.3.2 By application
3.3.3 By animal type
3.3.4 By end-user
3.4 COVID- 19 impact analysis
3.5 Porter's analysis
3.6 PESTEL analysis
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