The global veterinary capital
equipment market is segmented into product type such as veterinary anesthesia,
surgical lights, veterinary monitors, veterinary tables, veterinary telemetry
systems, autoclaves & sterilizers, centrifuges, defibrillators, dental
equipment, electrosurgical equipment, endoscopic equipment, equine equipment,
incubators, infusion pumps, medical gas, microscopes, respiratory ventilators,
stainless steel, X-ray imaging, syringe pumps, ultrasonography machines &
equipment, warming units, suction machines and c-arms. Increasing number of
veterinary clinics and hospitals across the globe is propelling the demand for
veterinary capital equipment market. Moreover, rising expenditure on pet
healthcare is expected to accelerate the growth of the veterinary capital
equipment market in the upcoming years.
Global veterinary capital
equipment market is expected to flourish at a significant CAGR over the
forecast period. Increasing prevalence of animal diseases coupled with rising
number of veterinary hospitals and clinics are likely to fuel the demand for the
veterinary capital equipment market. Moreover, the global veterinary capital
equipment market is expected to garner noteworthy revenue by the end of 2024.
North America captured the
largest market share in overall veterinary
capital equipment market in 2016. Further, North
America is expected to continue its dominance over the forecast period. Rising
number of pet veterinary practitioners in the region are likely to considerably
increase the demand for veterinary capital equipment. U.S. is witnessing the
augmented demand for veterinary capital equipment. Asia Pacific is also
expected to showcase significant growth in the veterinary capital equipment
market. Growing adoption of companion animals and rising number of veterinary
clinics in the region is expected to escalate the demand for the veterinary capital
equipment.
Increasing
Number of Veterinarians in the World
Growth in the number of
veterinarians in the world is believed to impel the demand for veterinary
capital equipment during the forecast period. For instance, according to American
Veterinary Medical Association, in U.S., the number of veterinarians increases
from 92,547 in 2011 to 107,995 in 2016. Further, the number of veterinarians is
expected to increase across the globe which is expected to drive the growth of
the veterinary capital equipment market.
Rising
Number of Pet Parents
Number of pet parents or pet
owners who consider pet as a part of their family has grew significantly in the
past few years. For e.g., As per PetSecure, more than 90% of the Americans
consider pets as a part of their family. Further, pet owners are spending more
on the healthcare of pets due to their strengthening bond. This factor is
anticipated to positively impact the growth of the veterinary capital equipment
market.
However, high cost of
veterinary capital equipment is expected to hamper the growth of the global veterinary
capital equipment market.
The report titled “Global Veterinary Capital Equipment Market: Global
Demand Analysis & Opportunity Outlook 2024”
delivers
detailed overview of the global veterinary Capital equipment market in terms of
market segmentation by product type and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global veterinary
capital equipment market which includes company profiling of Medtronic Plc., Sunburn
Surgical Co., Inc., Mila International Inc., Jorgen Kruuse A/S, Digicare
Biomedical Technology, Inc., Vetland Medical Sales and Services LLC, Hallowell
Engineering & Manufacturing Corporation, DRE Veterinary, Midmark
Corporation, Jorgensen Laboratories and MWI Veterinary Supply Co. The profiling
enfolds key information of the companies which encompasses business overview,
products and services, key financials and recent news and developments. On the
whole, the report depicts detailed overview of the Global veterinary Capital
equipment market that will help industry consultants, equipment
manufacturers, existing players searching for expansion opportunities, new
players searching possibilities and other stakeholders to align their market
centric strategies according to the ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
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strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise decision
so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/veterinary-capital-equipment-market/532
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