Global Veterinary Equipment and Disposables Market 2018-2023 - Smiths Group is the Leading Player
DUBLIN, Sept. 3, 2018 /PRNewswire/ --
The "Veterinary Equipment and Disposables Market by Product (Consumables, Anesthesia Machines, Ventilators, Patient Monitoring, Oxygen Masks, Infusion Pumps), Animal (Cats, Dogs, Equines, Bovines), End User (Hospitals, Clinics) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global veterinary equipment and disposables market is projected to 2.40 billion by 2023 from USD 1.63 billion in 2018, at a CAGR of 8.0% during the forecast period of 2018 to 2023.
Rising animal health expenditure and a growing demand for pet insurance, increasing number of veterinary practitioners in developed regions, and growth in the companion animals market are the primary drivers for the global veterinary equipment and disposables market during the forecast period.
The report analyzes the global veterinary equipment and disposables market by type, animal, end user, and region. On the basis of type, the critical care consumables segment is expected to hold the largest share of the global veterinary equipment and disposables market in 2018. The large share of consumables can be attributed to their high consumption in veterinary processes (which necessitates repeated purchases, as opposed to the single purchase necessary for capital equipment).
Based on animal, the veterinary equipment and disposables market is broadly categorized into small companion animals, large animals, and others. The small companion animals segment will dominate the veterinary equipment and disposables market during the forecast period. The large share of this segment can be attributed to the high adoption of companion animals and rising expenditure on animal health.
Based on end user, the veterinary equipment and disposables market is segmented into veterinary clinics, veterinary hospitals, and research institutes. The veterinary clinics segment is estimated to account for the largest share of the veterinary equipment and disposables market in 2018. The large share of this segment can be attributed to the growing number of patient visits along with the increasing number of private clinical practices and growing practice revenues.
The veterinary equipment and disposables market is broadly segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2018, North America is expected to account for the largest share of the veterinary equipment and disposables market, followed by Europe and the Asia Pacific. Factors such as the increasing number of companion animals, rising companion animal healthcare expenditure, rise in the number of livestock animals in North America (primarily due to the increasing consumption of meat and dairy products) and growth in the pet insurance market are responsible for the large share of the veterinary equipment and disposables market in North America.
Veterinary Equipment and Disposables Market
Emerging markets are expected to provide further growth opportunities for players operating in the veterinary equipment and disposables market. However, the increasing cost of pet care and a focus on alternatives to animal testing are expected to restrain the growth of this market to a certain extent.
The prominent players in the veterinary equipment and disposables market are Mindray Medical International Limited (China), Smiths Group plc (UK), Nonin Medical (US), Digicare Biomedical Technology, Inc. (US), B. Braun Melsungen AG (Germany), Henry Schein (US), Vetland Medical Sales and Services, LLC (US), Hallowell Engineering & Manufacturing Corporation (US), Infiniti Medical, LLC (US), DRE Veterinary (US), and Midmark Corporation (US).
Smiths Group plc is a leading player in the global veterinary equipment market. This is mainly attributed to its wide geographic presence with various distribution partners across the globe.
Key Topics Covered:
1 Introduction
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Market Ranking Estimation
2.5 Assumptions for the Study
3 Executive Summary
4 Premium Insights
4.1 Veterinary Equipment and Disposables Market Overview
4.2 Asia Pacific: Veterinary Equipment and Disposables Market, By End User and Country, 2017
4.3 Veterinary Equipment and Disposables Market: Geographic Growth Opportunities
4.4 Veterinary Equipment and Disposables Market: Geographic Mix, 2018 vs 2023
4.5 Veterinary Equipment and Disposables Market: Developing vs Developed Countries
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Key Market Drivers
5.2.1.1 Growth in Companion Animal Population
5.2.1.2 Rising Demand for Pet Insurance With Growing Animal Health Expenditure
5.2.1.3 Growth in the Number of Veterinary Practitioners and Income Levels in Developed Economies
5.2.2 Key Market Restraints
5.2.2.1 Rising Pet Care Costs
5.2.2.2 Alternatives to Animal Testing
5.2.3 Key Market Opportunities
5.2.3.1 Untapped Emerging Markets
5.2.4 Key Challenges
5.2.4.1 Lack of Animal Healthcare Awareness in Emerging Markets
5.2.4.2 Shortage of Veterinarians in Emerging Markets
5.3 Industry Trends
5.3.1 Rising Adoption of Big Data and Wearable Devices
5.3.2 Growing Size of Veterinary Businesses
6 Veterinary Equipment and Disposables Market, By Type
6.1 Introduction
6.2 Critical Care Consumables
6.2.1 Wound Management Consumables
6.2.2 Fluid Administration and Therapy Consumables
6.2.3 Airway Management Consumables
6.2.4 Gastroenterology Consumables
6.2.5 Needles
6.2.6 Reproduction Consumables
6.2.7 Urology Consumables
6.2.8 Consumable Product Accessories
6.3 Anesthesia Equipment
6.3.1 Anesthesia Machines
6.3.2 Ventilators
6.3.3 Vaporizers
6.3.4 Waste Gas Management Systems
6.3.5 Gas Delivery Management Systems
6.4 Fluid Management Equipment
6.4.1 Large-Volume Infusion Pumps
6.4.2 Syringe Pumps
6.5 Temperature Management Equipment
6.5.1 Patient Warming Systems
6.5.1.1 Convection Warming Systems
6.5.1.2 Conduction Warming Systems
6.5.2 Fluid Warmers
6.6 Patient Monitoring Equipment
6.7 Research Equipment
6.7.1 Lab Evacuation Systems
6.7.2 Induction Chambers
6.8 Rescue & Resuscitation Equipment
6.8.1 Resuscitation Bags
6.8.2 Oxygen Masks
7 Veterinary Equipment and Disposables Market, By Animal Type
7.1 Introduction
7.2 Small Companion Animals
7.2.1 Dogs
7.2.2 Cats
7.2.3 Other Small Companion Animals
7.3 Large Animals
7.3.1 Equines
7.3.2 Bovines and Other Farm Animals
7.4 Other Animals
8 Veterinary Equipment and Disposables Market, By End User
8.1 Introduction
8.2 Veterinary Clinics
8.3 Veterinary Hospitals
8.4 Research Institutes
9 Veterinary Equipment and Disposables Market, By Region
10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis
10.3 Competitive Scenario
10.3.1 Acquisitions
10.3.2 Agreements and Collaborations
10.3.3 Product Launch
11 Company Profiles
11.1 Dre Veterinary
11.2 Henry Schein
11.3 Smiths Group
11.4 Midmark
11.5 Jorgenson Laboratories
11.6 Mindray Medical
11.7 Nonin Medical
11.8 Vetland Medical
11.9 B. Braun
11.10 Digicare Biomedical
11.11 Hallowell Emc
11.12 Grady Medical
11.13 Mila International
11.14 Burtons Medical
For more information about this report visit https://www.researchandmarkets.com/research/wml3lw/global_veterinary?w=5
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