Global Veterinary Equipment and Disposables Market 2018-2023 – Focus on Consumables, Anesthesia Machines, Ventilators, Patient Monitoring, Oxygen Masks, Infusion Pumps – ResearchAndMarkets.com | Business & Finance | manchestertimes.com
DUBLIN–(BUSINESS WIRE)–Sep 3, 2018–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 reach USD 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 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. 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.
Market Dynamics
Key Market Drivers
Growth in Companion Animal PopulationRising Demand for Pet Insurance With Growing Animal Health ExpenditureGrowth in the Number of Veterinary Practitioners and Income Levels in Developed Economies
Key Market Restraints
Rising Pet Care CostsAlternatives to Animal TestingKey Market OpportunitiesUntapped Emerging Markets
Key Challenges
Lack of Animal Healthcare Awareness in Emerging MarketsShortage of Veterinarians in Emerging Markets
Industry Trends
Rising Adoption of Big Data and Wearable DevicesGrowing Size of Veterinary Businesses
Key Topics Covered: