Global Veterinary Medical Equipment Market Trends And Strategies Of Major Players In The Veterinary Medical Equipment Market 2021-2030
30 Mar, 2021
The veterinary medical equipment market consists of sales of veterinary medical equipment and related services by entities (organizations, sole traders and partnerships) that produce veterinary medical equipment used in diagnosis, monitoring and treatment of medical conditions in animals. This industry includes establishments that produce veterinary surgical equipment such as endoscopic systems, dental equipment, veterinary telemetry services and others.
Global Veterinary Medical Equipment Market Size And Drivers:
The global veterinary medical equipment market is expected to grow from $1.77 billion in 2020 to $2.08 billion in 2021 at a compound annual growth rate (CAGR) of 17.5%. The market is expected to reach $2.65 billion in 2025 at a CAGR of 6%. The global economy is expected to go through a continued period of steady growth during the forecast period, which will benefit the market.
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Trends In The Global Veterinary Medical Equipment Market
Advances in diagnostic tools have improved veterinary services. Equipment such as portable x-ray and portable ultrasound scanners have increased the efficiency of veterinary treatment (especially in emergencies due to injury) for all equine/large animal, companions, exotic and mixed animal practices.
Global Veterinary Medical Equipment Market Segments:
The global veterinary medical equipment market is further segmented based on type, product and geography.
By Type: Veterinary Diagnostic Equipment, Veterinary Anesthesia Equipment, Veterinary Patient Monitoring Equipment, Other Veterinary Medical Equipment.
By Product: Instruments/Equipment, Disposables.
By Geography: The global veterinary medical equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global veterinary medical equipment market, accounting for 52% of the total market.
Read More On The Report For The Global Veterinary Medical Equipment Market At:https://www.thebusinessresearchcompany.com/report/veterinary-medical-equipment-global-market-report-2020-30-covid-19-impact-and-recovery
Veterinary Medical Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides veterinary medical equipment market overviews, analyzes and forecasts market size and growth for the global veterinary medical equipment market, veterinary medical equipment market share, veterinary medical equipment market players, veterinary medical equipment market segments and geographies, veterinary medical equipment market’s leading competitors’ revenues, profiles and market shares. The veterinary medical equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.