NEW YORK, Jan. 26, 2017 /PRNewswire/ -- The U.S. veterinary infusion pumps market is estimated to grow at a CAGR of 5.8% from 2016 to 2021, to reach USD 35.4 million by 2021 from USD 26.6 million in 2016. Growth in this market is attributed to the growing demand for pet insurance and increasing animal healthcare expenditure, rising demand for animal-derived food products, and growth in the number of veterinary practitioners and their income levels. In addition, the growing adoption of companion animals and increasing prevalence of animal diseases requiring surgeries are the major factors that are expected to offer growth opportunities to market players in the coming years. However, increasing pet care costs may hinder the growth of this market to a certain extent during the forecast period.
In this report, the U.S. veterinary infusion pumps market is segmented on the basis of type and end user. On the basis of type, the market is segmented into large-volume infusion pumps and syringe infusion pumps. In 2015, large-volume infusion pumps accounted for the largest market share. On the basis of end user, the market is segmented into private hospitals, private clinics, and teaching hospitals. Private hospitals accounted for the largest share of the U.S. veterinary infusion pumps end-user market in 2015. Increasing use of large-volume infusion pumps and syringe infusion pumps to administer fluids for various clinical conditions in animals, and increasing growth in the animal health expenditure are expected to propel the growth of private hospitals in this market.
Some of the prominent players operating in the U.S. veterinary infusion pumps market include DRE Veterinary (U.S.), Jorgensen Laboratories (U.S.), Heska Corporation (U.S.), Digicare Biomedical Technology Inc. (U.S.), B. Braun Melsungen AG (Germany), Q Core Medical Ltd. (Israel), Grady Medical System Inc. (U.S.), Mediaid Inc. (U.S.), Burtons Medical Equipment Ltd. (U.K.), Jørgen Kruuse A/S (Denmark), and Kent Scientific Corporation (U.S.).
This report analyzes the type of infusion pumps provided by veterinary infusion pump manufacturers across the U.S. It aims at estimating the market size of the U.S. veterinary infusion pumps market for different segments, such as types and end users. The report also includes market share analysis of prominent players operating in this market based on the type of infusion pumps.
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The report will enrich both established companies as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms in garnering a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies to increase their market shares.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios offered by the top players in the U.S. veterinary infusion pumps market. The report analyzes the U.S. veterinary infusion pumps market by type and end user
- Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the U.S. veterinary infusion pumps market
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