ReportsnReports has recently added concise research on 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
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Veterinary Monitoring Equipment Market is a valuable market report which makes aware of the industry insights so that nothing gets missed. The forecast, analysis, and estimations performed in this report are all based upon the best and well-established tools and techniques such as SWOT analysis and Porter’s Five Forces analysis.
It consists of most-detailed market segmentation, systematic analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. A persuasive Veterinary Monitoring Equipment Market document gives key measurements, status of the manufacturers and is a significant source of direction for the businesses and organizations.
The 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 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).
“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, anesthesia 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 anesthetic 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.
A breakdown of the primary participants referred to for this report is provided below:
- By Company Type: Tier 1–35%, Tier 2–45%, and Tier 3– 20%
- By Designation: C-level–35%, Director-level–25%, and Others–40%
- By Region: North America–45%, Europe–30%, Asia Pacific–20%, Latin America–3%, and the Middle East & Africa–2%
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 sub segments.
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.
Reasons to access the Report
The report will enable established firms as well as entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a larger market share. Firms purchasing the report could use one or a combination of the below-mentioned strategies for strengthening their market presence.
This report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios offered by the top players in the veterinary monitoring equipment market
- Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the veterinary monitoring equipment market
- Market Development: Comprehensive information on lucrative emerging regions
- Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the veterinary monitoring equipment market
- Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.
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Table Of Contents
1.1 Objectives Of The Study
1.2 Market Definition & Scope
1.2.1 Markets Covered
1.2.2 Years Considered For The Study
2 Research Methodology
2.1 Research Approach
2.1.1 Secondary Research
18.104.22.168 Key Data From Secondary Sources
2.1.2 Primary Research
22.214.171.124 Key Data From Primary Sources
126.96.36.199 Breakdown Of Primaries
2.2 Market Size Estimation
2.3 Data Triangulation Approach
2.4 Market Ranking Estimation
2.5 Assumptions For The Study
3 Executive Summary
4 Premium Insights
4.1 Veterinary Monitoring Equipment Market Overview
4.2 European Veterinary Monitoring Equipment Market, By Type
4.3 Veterinary Monitoring Equipment Market: Geographic Growth Opportunities
4.4 Veterinary Monitoring Equipment Market, By Region (2017–2025)
4.5 Veterinary Monitoring Equipment Market: Developed Vs. Developing Markets
5 Market Overview
5.2 Market Dynamics
188.8.131.52 Growth In The Companion Animal Population
184.108.40.206 Rising Demand For Pet Insurance & Growing Animal Health Expenditure
220.127.116.11 Growth In The Number Of Veterinary Practitioners And Income Levels In Developed Economies
18.104.22.168 Growing Prevalence Of Animal Diseases
22.214.171.124 Rising Pet Care Costs
126.96.36.199 Alternatives To Animal Testing
188.8.131.52 Untapped Emerging Markets
184.108.40.206 Wearable Monitoring Systems For Animals
220.127.116.11 Low Animal Health Awareness And Inadequate Animal Testing Infrastructure In Several Countries
18.104.22.168 Shortage Of Veterinarians In Emerging Markets
5.2.5 Market Trends
22.214.171.124 Rising Adoption Of Wearable Devices & Telemedicine
126.96.36.199 Growing Size Of Veterinary Businesses
6 Veterinary Monitoring Equipment Market, By Type
6.2 Vital Sign Monitors
6.2.1 With Increasing Importance Of Continuous Monitoring, A Number Of Players Are Launching Cost-Efficient And Smarter Systems—Key Drivers For Growth
6.3 Capnography & Oximetry Systems
6.3.1 Trend Of Wearable Monitors And Development Of Innovative Products Are Aiding Market Growth
6.4 Anesthesia Monitors
6.4.1 Increasing Monitoring Of Patients During Surgical Or Invasive Procedures Is Driving The Adoption Of Anesthesia Monitors
6.5 Ecg & Ekg Monitors
6.5.1 Increasing Prevalence Of Cvds Among Companion Animals Is Leading To The Rising Use Of Ecg & Ekg Monitors
6.6 Magnetic Resonance Imaging (Mri) Systems
6.6.1 Efficient Imaging Of The Brain And Spinal Injuries Is Driving The Demand For These Systems In Veterinary Hospitals
6.7 Other Veterinary Monitoring Equipment
7 Veterinary Monitoring Equipment Market, By Target Area
7.2 Weight & Temperature Monitoring
7.2.1 Wearable Monitors For Weight & Temperature Measurement Are Gaining Wide Recognition
7.3 Multi-Parameter Monitoring
7.3.1 Use Of Monitors In Various Critical Settings For Therapeutic Interventions Will Drive Market Growth
7.4.1 Growth In The Aging Pet Population And Obesity Have Driven The Prevalence Of Cardiovascular Diseases In Animals
7.5 Respiratory Disorders
7.5.1 Rising Incidence Of Respiratory Disorders Will Increase The Adoption Of Monitoring Equipment
7.6.1 Need For Continuous Monitoring To Avoid Health Deterioration Is Driving The Growth Of This Segment
7.7 Other Target Areas
8 Veterinary Monitoring Equipment Market, By Animal Type
8.2 Small Companion Animals
188.8.131.52 Rising Population And The Growing Adoption Of Dogs Are Expected To Support Market Growth
184.108.40.206 Growing Focus On Annual Checkups Is Expected To Drive Market Growth
8.2.3 Other Small Companion Animals
8.3 Large Animals
220.127.116.11 Increasing Awareness And Research On Equine Health Are Expected To Aid Market Growth
8.3.2 Other Large Animals
8.4 Other Animals
9 Veterinary Monitoring Equipment Market, By End User
9.2 Veterinary Clinics & Diagnostic Centers
9.2.1 Veterinary Clinics & Diagnostic Centers Are The Largest End Users Of Veterinary Monitoring Equipment
9.3 Veterinary Hospitals
9.3.1 Increase In Pet Care Expenditure Is Expected To Stimulate The Growth Of This Segment
9.4 Research Institutes
9.4.1 Use Of Anesthesia During Research Is Increasing The Adoption Of Monitoring Equipment In Research Institutes
10 Veterinary Monitoring Equipment Market, By Region
10.2 North America
10.2.1.1 The Us Dominates The North American Veterinary Monitoring Equipment Market
10.2.2.1 Slow Economic Growth In Canada Has Severely Affected Its Share In The North American Market
10.3.1.1 Germany Is The Fastest-Growing Market For Veterinary Monitoring Equipment In Europe
10.3.2.1 Increasing Pet Ownership Is Expected To Drive Market Growth
10.3.3.1 Technological Advancements Provide Attractive Growth Opportunities For Market Players To Invest In The Country
10.3.4.1 Need To Curb Zoonotic Diseases In Livestock Will Contribute To The Demand For Monitoring Equipment
10.3.5.1 Increasing Animal Health Expenditure Is A Major Factor Driving Market Growth
10.3.6 Rest Of Europe
10.4 Asia Pacific
10.4.1.1 China Dominates The Apac Veterinary Monitoring Equipment Market
10.4.2.1 Rising Demand For Imported Breeds Is Driving Pet Adoption In The Country
10.4.3.1 Rising Livestock Animal Population And Growing Awareness Will Contribute To Market Growth In India
10.4.4 Rest Of Asia Pacific
10.5 Latin America
10.5.1 Growing Animal Health Awareness & Need To Maintain Livestock Health Are Driving Market Growth
10.6 Middle East & Africa
10.6.1 Availability Of Funding To Promote Animal Healthcare In The Region Is Supporting Market Growth
11 Competitive Landscape
11.2 Market Ranking
11.3 Competitive Leadership Mapping
11.3.1 Visionary Leaders
11.3.3 Dynamic Differentiators
11.3.4 Emerging Companies
11.4 Competitive Situation And Trends
11.4.2 Other Strategies
12 Company Profiles
12.1 Dre Veterinary
12.1.1 Business Overview
12.1.2 Products Offered
12.1.3 Competitive Analysis
12.2 Smiths Group Plc
12.2.1 Business Overview
12.2.2 Products Offered
12.2.3 Competitive Analysis
12.3 Digicare Biomedical Technology
12.3.1 Business Overview
12.3.2 Products Offered
12.3.3 Competitive Analysis
12.4 Midmark Corporation
12.4.1 Business Overview
12.4.2 Products Offered
12.4.3 Recent Developments
12.4.4 Competitive Analysis
12.5 Covetrus, Inc.
12.5.1 Business Overview
12.5.2 Products Offered
12.5.3 Recent Developments
12.5.4 Competitive Analysis
12.6 Medtronic Plc
12.6.1 Business Overview
12.6.2 Products Offered
12.7 Bionet America, Inc.
12.7.1 Business Overview
12.7.2 Products Offered
12.8 Sonoscape Medical Corporation
12.8.1 Business Overview
12.8.2 Products Offered
12.9 Hallowell Emc
12.9.1 Business Overview
12.9.2 Products Offered
12.10 Minxray, Inc.
12.10.1 Business Overview
12.10.2 Products Offered
12.11 Hallmarq Veterinary Imaging Ltd.
12.11.1 Business Overview
12.11.2 Products Offered
12.11.3 Recent Developments
12.12 Esaote S.P.A
12.12.1 Business Overview
12.12.2 Products Offered
12.12.3 Recent Developments
12.13 Agfa-Gevaert N.V.
12.13.1 Business Overview
12.13.2 Products Offered
12.13.3 Recent Developments
12.14 Nonin Medical Inc.
12.14.1 Business Overview
12.14.2 Products Offered
12.15 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
12.15.1 Business Overview
12.15.2 Products Offered
12.16 Other Major Companies
12.16.1 Vetland Medical Sales & Services Llc
12.16.2 Masimo Corporation
12.16.3 Burtons Medical Equipment Ltd.
12.16.4 Vetronic Services
12.16.5 Imv Technologies
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details