Veterinary Equipment and Disposables Market Expected to Reach US$ 2,3 Veterinary Equipment and Disposables Market

Global Veterinary Equipment and Disposables Market Expected to Reach US$ 2,374.4 Mn by 2027
The latest market report published by Credence Research, Inc. “Veterinary Equipment and Disposables
Market : Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the veterinary equipment
and disposables market was valued at US$ 1,318.4 Mn in 2018 and expected to reach US$ 2,374.4 Mn by
2027 at a CAGR of 6.8% during the forecast period from 2019 to 2027.
Browse full report at https://www.credenceresearch.com/report/veterinary-equipment-and-
disposables-market
Market Insights :
The global veterinary equipment and disposables market designates active growth during the forecast
period from 2019 to 2027 accredited to rise in applications for respiratory support, anesthetic
medication, temperature management, and fluid management. Major factors driving the overall growth
include increasing animal health expenditure, increase in the number of veterinary specialists, and
technology advancement in new surgical instruments comprising of its physical properties along with
increased animal care expenditure.
Healthcare and animal care organizations internationally have been issuing significant amounts of funds
for financing awareness campaigns and providing assistive care to the companion animals. Over the last
decades, there has been a significant rise in the count of pet owners, number of livestock animals, and
increase in the diversity of infections related with these animals. High cost of equipment, lack of clear
diagnostic & testing procedure, less awareness, deficiency of well-equipped veterinary clinics, and strict
regulatory scenario on import of advanced products in the emerging nations are the factors restraining
the market growth during the forecast period.
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The European Medical Agency (EMA) is responsible for the expedited approval of veterinary products
and implementation of the most descriptive regulatory guidelines primarily focusing on animal health.
The European market has been the harbinger in technology pertaining to veterinary products;
pioneering companies are mostly present in the Western Europe region. Asia Pacific will be the fastest
growing region due to key drivers such as increasing demand for pet insurance and the presence of
humid subtropical climate favoring the rampant growth of infectious diseases in farm animals. In
addition, the flourishing e-commerce industry in China and India will further bolster the market growth
for veterinary orthopedic implant products.
Key Market Movements:
 Globally, the veterinary equipment and disposables market remains to show a dynamic growth
with a CAGR of 6.8% for the period from 2019 to 2027
 Many of the advanced equipment used by the veterinarian professionals include photo-
biotherapy machines, cold laser treatment machines, surgical lasers, and other machines for
monitoring and diagnosis.