Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Veterinary Grooming Equipment Market Overview
Veterinary grooming is an essential part of healthcare of animals. Grooming reduces chances of the various health problems and ensures the cleanliness of pets. Veterinary grooming comprises of bathing, hair removal, nail trimming and other such services. Shampoos & conditioners, combs and dryers are common veterinary grooming products used worldwide.
Market Size and Forecast
Global veterinary grooming equipment market is expected to grow at a significant CAGR over the forecast period. Further, rising expenditure on pet and increasing number of pet adoptions across the globe is expected to foster the growth of the global veterinary grooming equipment market. Apart from this, high rate of adoption of pets in developed countries is expected to supplement the growth of the veterinary grooming equipment market.
In the terms of regional platform, North America accounted for the highest percentage of market share in overall veterinary grooming equipment market in 2016. Further, North America is expected to continue its dominance over the forecast period. This growth can be attributed to high number of pets in the region. Further, U.S. is the prominent market in the region. According to American Society for the Prevention of Cruelty to the Animals, 78 million dogs and 85.8 million cats are owned in the U.S. In 2016, more than 65% of the Americans were held for pet ownership. Further, number of pet ownership is expected to increase during the forecast period which further, is likely to escalate the demand for the veterinary grooming equipment market in the nation. Europe is expected to capture second position in overall veterinary grooming equipment market. Further, increasing willingness of the pet owners to spend on their pets is expected to drive the growth of the veterinary grooming equipment market in the region.
Asia Pacific is likely to showcase a robust growth during the forecast period. Further, rising adoption of companion animals is expected to escalate the growth of the veterinary grooming equipment market in the Asia Pacific region. Countries such as China, Japan and India are projected to witness the augmented demand for veterinary grooming equipment over the forecast period. Further, India is projected to be fastest growing market of the pets. Rising disposable income of the population is expected to contribute to the growth of the veterinary grooming equipment market in India. Latin America is projected to observe high growth rate during the forecast period on the account of high pet ownership in the region.CLICK TO DOWNLOAD FREE SAMPLE
Market Segmentation
Our in-depth analysis has segmented global veterinary grooming equipment market into the following segments:
By Product Type
By Region
Global veterinary grooming equipment market is further classified on the basis of region as follows:
Growth Drivers & Challenges
Rising expenditure on the pet care is one of the major growth drivers for the global veterinary grooming equipment market. Apart from this, increasing number of pet grooming spas and mobile pet groomers are expected to fuel the growth of the veterinary grooming equipment market during the forecast period. Moreover, increasing prevalence of diseases in pets is resulting in increased awareness about the pet care among pet owners. This factor is expected to grow the market of the veterinary grooming equipment market.
Increasing adoption of the pets across the globe is predicted to trigger the growth of the global veterinary grooming equipment market. Moreover, pet owners are more concerned about health and welfare of their pets owing to the continued strengthening of the bond between pet owners and their companion animals. This factor contributes to the growth of the veterinary grooming equipment market.
On the contrary, slow adoption rate of veterinary grooming equipment in underdeveloped and developing nations is expected to hamper the growth of the veterinary grooming equipment market.
Key Players
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global veterinary grooming equipment market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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