The global veterinary patient monitoring equipment market size is expected to grow from $0.38 billion in 2021 to $0.42 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The global veterinary patient monitoring market size is expected to grow to $0.59 billion in 2026 at a CAGR of 8.7%.
What is the Global Veterinary Patient Monitoring Equipment Market?
The veterinary patient monitoring equipment market consists of the sale of veterinary patient monitoring equipment which is used to monitor animal's respiration, blood pressure, and other vital signs. Veterinary patient monitoring equipment is used to monitor the animals to detect diseases at early stages to prevent any risks. The veterinary patient monitoring equipment industry includes companies that manufacture monitoring devices to detect diseases that affect animals.
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What drives the Global Veterinary Patient Monitoring Equipment Market?
An increase in the prevalence rate of diseases among animals serves as one of the major drivers for the veterinary patient monitoring equipment market. An increase in the incidence of diseases in livestock and companion animals will require monitoring equipment to diagnose the diseases among animals. For instance, according to the Banfield Pet Hospital's 2020 Veterinary Emerging Topics (VET) Report, more than 50% of the dogs at 1,000 hospitals in 2019 were overweight or obese. Overweight pets are more likely to suffer from joint disease, respiratory disease, and other preventable conditions. The increase in the prevalence rate of diseases for animals results in increased demand for enhanced veterinary patient monitoring equipment.
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Global Veterinary Patient Monitoring Equipment Market Segments
The global veterinary patient monitoring equipment market is segmented:
By Product: Cardiac Monitoring Devices, Respiratory Monitoring Devices, Remote Patient Monitoring Devices, Multi-Parameter Monitoring Devices, Neuromonitoring Devices, Others
By End-User: Veterinary Hospitals, Veterinary Clinics, Veterinary Research Centers
By Animal: Small Companion Animals, Large Companion Animals, Wild Animals, Zoo Animals, Aquatic Animals, Exotic Animals
By Geography: The regions covered in the veterinary patient monitoring equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Veterinary Patient Monitoring Equipment Global Market Report 2022provides market size and growth forecasts for the global veterinary patient monitoring equipment market, global veterinary patient monitoring equipment market share, veterinary patient monitoring equipment market segments and geographies, veterinary patient monitoring equipment market competitive landscape including leading competitors’ revenues, profiles and market shares. The veterinary patient monitoring equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Veterinary Patient Monitoring Equipment Industry Playersinclude Smiths Group plc, Hallowell Engineering & Manufacturing Corporation, DRE Veterinary, Digicare Biomedical Technology Inc., Midmark Corporation, Medtronic plc., Jorgensen Laboratories, Vetland Medical Sales and Services LLC, Jorgen Kruuse A/S, Mila International Inc., and Mindray Medical International Limited. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
