Visiongain has published a new report on Veterinary Equipment and Consumables Market Report 2021-2031: Forecasts by product (consumables, anesthesia machines, ventilators, patient monitors, oxygen masks, infusion pumps), animal (cats, dogs, horses, cows), end user (hospitals, clinics). PLUS, profiles of leading pharmaceutical contract manufacturers and regional and leading national market analysis. In addition to recovery scenarios from Covid-19 disease.
Veterinary equipment and disposables are used for monitoring, surgical operations and treatment of diseases affecting animals. This equipment is specifically designed for veterinary use and is much softer and more fragile than that used for humans.
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Increased spending on animal health and growing demand for pet insurance, increase in number of veterinary consultants in developed regions, and growth in familiar animal market are the main drivers of global veterinary equipment market and disposables market during the forecast period.
The number of meetings with veterinary professionals to care for pets is another factor responsible for increasing pet care costs. Additionally, the lower income in this profession, compared to other advanced-degree professions such as dentistry and law, places a burden on veterinary professionals to increase their fees. Higher expenses for pet care have a direct impact on the number of visits pet owners make to veterinary facilities, limiting pet growth. Veterinary Equipment and Consumables Market.
The large share of consumables can be attributed to the large number of consumables used with single capital equipment, and their high use in almost every veterinary care ranging from wound management to fluid therapy. The veterinary equipment market is segmented as anesthesia equipment, temperature management equipment, rescue and resuscitation equipment, fluid management equipment, research equipment, and patient monitoring equipment. Among these, the rescue and recovery sector is expected to grow the fastest during the forecast period.
Advances in monitoring and treatment options such as intravenous fluid therapy, ventilation support, temperature management, and pain control are driving demand further. For example, in July 2018, B. Braun Vet Care partnered with CP Medical to market veterinary infusion therapy products in the United States and Canada. The number of companion animals is increasing, which may lead to increased demand for veterinary equipment and disposables. The cost of veterinary care is high due to the increased demand for veterinarians, technicians, and specially designed equipment and disposables.
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The global market for veterinary equipment and disposables is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, etc. to increase their footprints in this market.
Some of the companies mentioned – 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), DRE Veterinary (US), Midmark Corporation (US), Jorgensen Laboratories (US), Grady Medical Systems (US), MILA International (US), and Burtons Medical (US).
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