Subjects: PET, ANW, MRR
Veterinary Scales Market Size will grow by USD 70.61 million | 30% of the growth to originate from North America| 17,000+ Technavio Reports
NEW YORK, March 8, 2022 /PRNewswire/ -- A latest market outlook report titled "Veterinary Scales Market by End-user and Geography - Forecast and Analysis 2022-2026" has been added to Technavio's catalog. The report identifies the market to witness a decelerating growth momentum at a CAGR of 7.40% from 2021 to 2026. The report also projects the market to witness a YOY growth rate of 9.97% in 2022. Technavio has segmented the veterinary scales market by end-user (veterinary diagnostic centers, veterinary hospitals and clinics, and others) and geography (North America, Europe, Asia, and ROW).
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Vendor Insights
The veterinary scales market is fragmented and the vendors are deploying growth strategies such as strategic collaborations, partnerships, mergers, and innovative product launches to compete in the market. Companies are engaging in collaborative partnerships to gain an upper edge in the market. For instance, Adam Equipment Co. Ltd. offers veterinary scales that provide the durability, dependability and comfort required for all types of veterinary and animal weighing needs, under the brand name of Adam.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Adam Equipment Co. Ltd.
- apexx Veterinary Equipment Inc.
- Avante Health Solutions
- Avery Weigh Tronix LLC
- Bosche GmbH and Co. KG
- Charder Electronic Co. Ltd.
- Coventry Scale Co.
- Shor Line
- Tanita Corp.
- Technidyne Corp.
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report.
Geographical Market Analysis
North America was the largest revenue-generating regional segment of veterinary scales market. 30% of the market's growth will originate from North America during the forecast period. The US is the key market for veterinary scales market in North America. Market growth in this region will be faster than the growth of the market in ROW. The presence of a large number of R&D centers that are aimed at developing broad-spectrum antiviral medicines will facilitate the veterinary scales market growth in North America over the forecast period
Furthermore, countries such as UK and China are expected to emerge revenue contributing economies for veterinary scales market's growth during the forecast period.
Know more about this market's geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/veterinary-scales-market-industry-analysis
Key Segment Analysis
The veterinary diagnostics centers segment held the largest veterinary scales market share in 2021. The segment will continue to account for the highest market share throughout the forecast period. The growth of the segment can be attributed to factors such as increased expenditure on animal health, rising incidence of zoonotic diseases and number of veterinary practitioners, technological advancement in point of care diagnostics, and increasing disposable income levels in developing regions. The growing incidence of infectious animal ailments is further poised to augment the demand for veterinary diagnostics. Thus, such factors are expected to drive the growth of the segment during the forecast period.
View FREE Sample: to know additional highlights and key points on various market segments and their impact in coming years.
Key Market Trend & Challenge:
The increase in the pet population is one of the key drivers supporting the veterinary scales market growth. Furthermore, it has been observed that millennial and generation Z consumers have highly embraced the pet-owning and pet-loving lifestyles to a far greater extent than their elders. Moreover, the awareness about animal health care has increased significantly in recent years, and the development of the devices has also increased, which has improved the quality of pet health care. The development of the compact designs of the veterinary scales will fuel the revenue generation of the global veterinary scales market during the forecast period
However, the rising pet care costs is one of the factors hindering the veterinary scales market growth. Furthermore, the number of consultations with veterinary specialists for pet care is another factor responsible for the increasing pet healthcare costs. The lower income in this profession compared to other advanced-degree professions such as dentistry and law puts pressure on veterinary professionals to increase their fees. High pet care costs directly impact the number of visits by pet owners to veterinary facilities, thereby hindering the growth of the veterinary scales market during the forecast period.
Download free sample for highlights on market Drivers & Challenges affecting the veterinary scales market.
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Veterinary Scales Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Decelerate at a CAGR of 7.40% |
Market growth 2022-2026 | $ 70.61 million |
Market structure | Fragmented |
YoY growth (%) | 9.97 |
Regional analysis | North America, Europe, Asia, and ROW |
Performing market contribution | North America at 30% |
Key consumer countries | US, UK, China, Germany, and France |
Competitive landscape | Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled | Adam Equipment Co. Ltd., apexx Veterinary Equipment Inc., Avante Health Solutions, Avery Weigh Tronix LLC , Bosche GmbH and Co. KG, Charder Electronic Co. Ltd., Coventry Scale Co., Shor Line, Tanita Corp., and Technidyne Corp. |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 6
Exhibit 06: Key Finding 7
Exhibit 07: Key Finding 8
2. Market Landscape
2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market Characteristics
2.2 Value Chain Analysis
Exhibit 10: Value chain analysis: Veterinary Scales Market
2.2.1 Research and development
2.2.2 Inputs
2.2.3 Operations
2.2.4 Distribution
2.2.5 Marketing and sales
2.2.6 Post-sales and services
2.2.7 Industry innovations
3. Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
3.4.1Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 13: Global- Market size and forecast 2021 - 2026 ($ million)
Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 15: Five forces analysis 2021 - 2026
4.2 Bargaining power of buyers
Exhibit 16: Bargaining power of the buyer
4.3 Bargaining power of suppliers
Exhibit 17: Bargaining power of the supplier
4.4 Threat of new entrants
Exhibit 18: Threat of new entrants
4.5 Threat of substitutes
Exhibit 19: Threat of substitutes
4.6 Threat of rivalry
Exhibit 20: Threat of rivalry
4.7 Market condition
Exhibit 21: Market condition - Five forces 2021
5. Market Segmentation by End-user
5.1 Market segments
Exhibit 22 : End-user- Market share 2020-2025 (%)
5.2 Comparison by End-user
Exhibit 23: Comparison by End-user
5.3 Veterinary diagnostic centers - Market size and forecast 2021-2026
Exhibit 24: Veterinary diagnostic centers - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Veterinary diagnostic centers - Year-over-year growth 2021-2026 (%)
5.4 PHEV - Market size and forecast 2021-2026
Exhibit 26: Veterinary hospitals and clinics - Market size and forecast 2021-2026 ($ million)
Exhibit 27 Veterinary hospitals and clinics- Year-over-year growth 2021-2026 (%)
5.5 Others - Market size and forecast 2021-2026
Exhibit 28: Others - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Others- Year-over-year growth 2021-2026 (%)
5.6 Market opportunity by End-user
Exhibit 30: Market opportunity by End-user
6. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 31: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
Exhibit 32: Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 33: Geographic comparison
7.3 North America - Market size and forecast 2021-2026
Exhibit 34: North America - Market size and forecast 2021-2026 (thousand units)
Exhibit 35: North America - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 36: Europe - Market size and forecast 2021-2026 (thousand units)
Exhibit 37: Europe - Year-over-year growth 2021-2026 (%)
7.5 Asia - Market size and forecast 2021-2026
Exhibit 38: Asia - Market size and forecast 2021-2026 (thousand units)
Exhibit 39: Asia - Year-over-year growth 2021-2026 (%)
7.6 ROW - Market size and forecast 2021-2026
Exhibit 40: ROW - Market size and forecast 2021-2026 (thousand units)
Exhibit 41: ROW - Year-over-year growth 2021-2026 (%)
7.7 Key leading countries
Exhibit 42: Key leading countries
7.8 Market opportunity by geography
Exhibit 43: Market opportunity by geography (thousand units)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Increase in the pet population
8.1.2 Technological advancements
8.1.3 Growth in the demand for weight-based diet and drug dosing
8.2 Market challenges
8.2.1 Rising pet care costs
8.2.2 Lack of precision and unresponsiveness
8.2.3 Shortage of veterinary practitioners in developing markets
Exhibit 44: Impact of drivers and challenges
8.3 Market trends
8.3.1 Growth in the companion animal population
8.3.2 Increased use of PCR testing panels to rule out COVID-19 virus in animals
8.3.3 Increase in veterinary diseases
9. Vendor Landscape
9.1 Overview
Exhibit 45: Vendor landscape
9.2 Landscape disruption
Exhibit 46: Landscape disruption
Exhibit 47: Industry Risk
9.3 Competitive Scenario
10. Vendor Analysis
10.1 Vendors Covered
Exhibit 48: Vendor Landscape
10.2 Market positioning of vendors
Exhibit 49: Market positioning of vendors
10.3 Adam Equipment Co. Ltd
Exhibit 50: Adam Equipment Co. Ltd. - Overview
Exhibit 51: Adam Equipment Co. Ltd. - Business segments
Exhibit 52: Adam Equipment Co. Ltd. - Key offerings
10.4 apexx Veterinary Equipment Inc.
Exhibit 53: apexx Veterinary Equipment Inc. - Overview
Exhibit 54: apexx Veterinary Equipment Inc. - Business segments
Exhibit 55: apexx Veterinary Equipment Inc. - Key offerings
10.5 Avante Health Solutions
Exhibit 56: Avante Health Solutions - Overview
Exhibit 57: Avante Health Solutions - Business segments
Exhibit 58: Avante Health Solutions - Key offerings
10.6 Avery Weigh Tronix LLC
Exhibit 59: Avery Weigh Tronix LLC - Overview
Exhibit 60: Avery Weigh Tronix LLC - Business segments
Exhibit 61: Avery Weigh Tronix LLC - Key offerings
10.7 Bosche GmbH and Co. KG
Exhibit 62: Bosche GmbH and Co. KG - Overview
Exhibit 63: Bosche GmbH and Co. KG - Business segments
Exhibit 64: Bosche GmbH and Co. KG - Key offerings
10.8 Charder Electronic Co. Ltd.
Exhibit 65: Charder Electronic Co. Ltd. - Overview
Exhibit 66: Charder Electronic Co. Ltd. - Business segments
Exhibit 67: Charder Electronic Co. Ltd. - Key offerings
10.9 Coventry Scale Co.
Exhibit 68: Coventry Scale Co. - Overview
Exhibit 69: Coventry Scale Co. - Business segments
Exhibit 70: Coventry Scale Co. - Key offerings
10.10 Shor Line
Exhibit 71: Shor Line - Overview
Exhibit 72: Shor Line - Business segments
Exhibit 73: Shor Line - Key offerings
10.11 Tanita Corp.
Exhibit 74: Tanita Corp. - Overview
Exhibit 75: Tanita Corp. - Product and service
Exhibit 76: Tanita Corp. - Key offerings
10.12 Technidyne Corp.
Exhibit 77: Technidyne Corp. - Overview
Exhibit 78: Technidyne Corp. - Business segments
Exhibit 79: Technidyne Corp. - Key offerings
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 80: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 81: Research Methodology
Exhibit 82: Validation techniques employed for market sizing
Exhibit 83: Information sources
11.4 List of abbreviations
Exhibit 84: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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