In recent years, there has been a continuous rise in the ownership of companion animals specially cats and dogs. The pet owners as well as the government are paying great attention towards animal health and wellness which has increased the overall expenditure on pet industry in U.S. over the years. Further, the rising rate of infectious diseases among animals is driving the growth of the overall North America veterinary equipment market. Additionally, the increase in the number of veterinarians in the region along with growing number of private veterinary facilities is anticipated to expand the North American veterinary capital equipment market in upcoming years.
The North America veterinary capital equipment market accounted for USD 800.3 Million in 2016 and is estimated to reach the market size of USD 1136.4 Million by the end of 2025, expanding at a CAGR of 4.2% over the forecast period 2018-2025.
In terms of market segmentation, the North America veterinary capital equipment market is divided by product type into veterinary anesthesia, surgical lights, veterinary monitors, veterinary tables, veterinary telemetry systems, dental equipment, infusion pumps and others. Among these segments, the veterinary telemetry systems segment accounted for around 20% of the total market share in the product segment and is believed to behold its positive stance over the forecast period.
The North America veterinary capital equipment market is further sub-segmented by veterinary anesthesia into veterinary anesthesia machines, anesthesia ventilators, anesthesia vaporizers and others, out of which, the veterinary anesthesia machines segment is dominating the veterinary anesthesia segment and is estimated to account for highest market size in 2025 by expanding at a CAGR of 4.7% over the forecast period.
The Report titled “North America Veterinary Capital Equipment Market Outlook: Industry Demand Analysis & Opportunity Assessment 2016–2025” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
This report also studies existing competitive scenario of some of the key players of the North America veterinary capital equipment market which includes profiling of Smiths Medical, Medtronic Plc., Abaxis, Welch Allyn, Bovie Medical, DRE Veterinary, VETLAND Medical, Midmark Corporation and Digicare Biomedical Technology, Inc.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “North America Veterinary Capital Equipment Market Outlook 2025”, analyses the overall veterinary capital equipment industry in North America to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the North America veterinary capital equipment market in the near future.