Le Lézard
Classified in: Health
Subject: SVY

Global Veterinary Monitoring Equipment Industry Outlook, 2020-2025 - Rising Adoption of Wearable Devices & Telemedicine


DUBLIN, June 2, 2020 /PRNewswire/ -- The "Veterinary Monitoring Equipment Market by Type (Vital Signs Monitor, Anesthesia Monitor, ECG Monitor), Target Area (Respiratory diseases, Weight Monitoring), Animal Type (Dogs, Cats, Equines), End User (Veterinary Clinic), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

Research_and_Markets_Logo

The global veterinary monitoring equipment market is projected to reach USD 570 million by 2025 from USD 326 million in 2019, at a CAGR of 9.8%.

The increasing focus on animal health among pet owners and the growing prevalence of diseases among companion animals are the key factors driving market growth. Also, the growing companion animal population, rising demand for pet insurance, growing animal health expenditure, and the rising number of veterinary practitioners & income levels in developed economies are aiding the adoption of veterinary monitoring equipment.

The vital sign monitors segment is expected to grow at the highest rate during the forecast period.

On the basis of type, the veterinary monitoring equipment market segmented into vital sign monitors, anaesthesia monitors, capnography & oximetry systems, ECG & EKG monitors, MRI systems, and other equipment. The vital sign monitors segment is projected to witness the highest growth in the veterinary monitoring equipment market during the forecast period. The need for such monitors to decipher the overall health of the patient during regular check-ups, surgical procedures, pre-or post-surgery, and during anaesthetic use is expected to support market growth.

The small companion animals segment is expected to grow at the highest CAGR during the forecast period.

Based on animal type, the veterinary monitoring equipment market is segmented into small companion animals, large animals, and other animals (zoo animals, aquatic animals, and exotic animals). Small companion animals are further segmented into dogs, cats, and other small companion animals. Large animals are subsegmented into equines and other large animals. The small companion animals segment will continue to dominate the market by 2025, growing at the highest CAGR during the forecast period. Increasing adoption of companion animals, increased focus on safety, increased expenditure on animal health and preventive care, aging pet population, and advancements in animal health products are the major factors driving the growth of this market segment.

APAC is projected to witness the highest growth during the forecast period.

Although North America is expected to account for the largest share of the global veterinary monitoring equipment market in 2018, the APAC is expected to witness the highest CAGR during the forecast period. The large domesticated animal population, growth in pet adoption, increasing awareness about animal health, growing per capita animal health expenditure (especially in India and China), and the large market for livestock farming are propelling the growth of the APAC market.

Research Coverage

The report analyzes the market for various veterinary monitoring equipment and their adoption patterns. It aims at estimating the market size and future growth potential of the veterinary monitoring equipment market and its subsegments. The report also includes an in-depth competitive analysis of the key players in this market, along with their company profiles, product offerings, and recent developments.

The prominent players in the veterinary monitoring equipment market are Smiths Group plc. (UK), DRE Veterinary (US), Digicare Biomedical Technology (US), Midmark Corporation (US), Medtronic plc. (Ireland), Bionet America, Inc. (Korea), SonoScape Medical Corporation (China), Hallowell EMC (US), MinXray, Inc. (US), Hallmarq Veterinary Imaging Ltd. (UK), Esaote S.p.A (Italy), Agfa-Gevaert N.V. (Belgium), Nonin Medical, Inc. (US), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Covetrus, Inc. (US), Vetland Medical Sales & Services LLC (US), Masimo Corporation (US), Burtons Medical Equipment Ltd. (UK), Vetronic Services (UK), and IMV Technologies (France).

Market Dynamics

Drivers

Restraints

Opportunities

Challenges

Trends

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/3wugoe

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets


These press releases may also interest you

at 08:15
VarmX, a biotech company focusing on the development of innovative approaches for the reversal of anticoagulation, today announces that it will be attending the LSX World Congress (29-30 April) and presenting at Bio?quity Europe (12-14 May). The...

at 08:15
Azura Ophthalmics Ltd., a clinical-stage biopharmaceutical company developing a potential new therapeutic class of Ophthalmic Keratolytics for ocular surface diseases, today announced multiple presentations highlighting positive efficacy and safety...

at 08:15
Nuvation Bio Inc. , a biopharmaceutical company tackling some of the greatest unmet needs in oncology by developing differentiated and novel therapeutic candidates, today announced the appointment of Colleen Sjogren as Chief Commercial Officer. Ms....

at 08:10
Edgewise Therapeutics, Inc. , a leading muscle disease biopharmaceutical company, today announced that the Company will present data on EDG-7500 at the American College of Cardiology's Annual Scientific Session (ACC.24). EDG-7500 is a first-in-class...

at 08:05
Twist Bioscience Corporation , a company enabling customers to succeed through its offering of high-quality synthetic DNA using its silicon platform, today announced the launch of a new Human Pangenome Spike-in for the Twist Exome 2.0 panel developed...

at 08:05
Bio-K Plus, a Kerry Company, pioneer in the probiotic sector, is pleased to announce the launch of its new functional drinkable probiotic, the Extra Stress Support with Sensoril®....



News published on and distributed by: