Global Veterinary Monitoring Equipment
Market Report
2024
veterinary monitoring equipment market was valued at USD 448.93 million in 2022 and will reach USD 934.69 million by 2030, registering a CAGR of 9.6% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global veterinary monitoring equipment market was valued at USD 448.93 million in 2022 and will reach USD 934.69 million by 2030, registering a CAGR of 9.6% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Veterinary Monitoring Equipment Market Sales Revenue 2022 | $ 448.93 Million |
Global Veterinary Monitoring Equipment Market Sales Revenue 2030 | $ 934.69 Million |
Global Veterinary Monitoring Equipment Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.6% |
Market Split by Equipment Type |
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Market Split by Application |
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Market Split by Animal Type |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Veterinary Monitoring Equipment Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Veterinarian monitoring is the technique of continuously observing and documenting an animal's or pet's movements to determine the origin of a disease and other minor to serious bodily issues. This procedure aids in providing exact therapy and diagnostics to animals and preventing further surgical problems. These tools also monitor an animal's breathing and heart rate.
The growth in the market is due to the increasing pet adoption, the rising incidence of animal diseases, technological advacement in monitoring equipment, increasing preference for pet insurance, and the rising popularity of pet insurance all over the world. These elements are significantly boosting the need for veterinary monitoring equipment.
Around the world, there has been a significant rise in the number of pets, which is mostly due to rising disposable incomes, increasing urbanization, nuclear family structures, pet humanization, and the expanding embrace of modern lifestyles. Additionally, the availability of cutting-edge methods for diagnosing illnesses in animals and rising public awareness of the importance of animal health care is projected to further propel the market for animal diagnosis products globally. According to the 2023-2024 APPA National Pet Owners Survey, 66% of U.S. households own a pet, which equates to 86.9 million households. Where cats are 46.5 million and Dogs are 65.1 million.
The adoption of more pets is leading to an increase in veterinary diseases, which have a significant impact on both humans and animals. Zoonotic diseases are common in both the United States and the rest of the world. Both many recognized infectious diseases and a sizable part of newly discovered infectious diseases are caused by Zoonoses. Some diseases, including HIV, begin as zoonotic strains before developing into human-only variants. Scientific estimations state that more than 6 out of every 10 identified infectious diseases in humans and 3 out of every 4 novel or emerging infectious diseases in humans can be transmitted from animals. The need for veterinary monitoring equipment is growing because of the rise in animal illnesses.
The lack of skilled veterinarians is the factor that is driving the expansion of the veterinary monitoring equipment sector. Particularly in developing countries where access to high-quality education and training is constrained, there is a shortage of highly skilled professionals who can precisely identify and treat various kinds of animal ailments. The lack of qualified professionals substantially affects the accuracy of detecting and treating animal ailments, which hinders market expansion.
The Covid-19 epidemic had a short-term detrimental effect on the market. Fewer people visited veterinary hospitals and clinics in the earlier stages of the epidemic. The study "The Initial Months of COVID-19: Dog Owners' Veterinary-Related Concerns" released in February 2021 reported on the fear of COVID-19 infection and spread among dog owners, which prevented additional canines from being diagnosed with the ailment. Due to strict lockdown regulations, veterinary clinics were only able to operate to a limited extent during the COVID-19 epidemic, which negatively influenced the market. Government rules forced the suspension of several healthcare services, including veterinary monitoring equipment, which significantly influenced the market for veterinary monitoring equipment because of the COVID-19 epidemic. Revealed that, like many other professions, the introduction of COVID-19 in the early stages of the pandemic had a major influence on veterinarians.
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Hallmarq released its NEW Zero-Helium (ZHM) Small Animal 1.5T MRI machine
Hallmarq Veterinary Imaging, a leader in diagnostic imaging, launched their NEW Zero-Helium (ZHM) Small Animal 1.5T MRI system. It is the first veterinary-specific scanner in the world that is completely free from helium to cool the MRI magnet coils.
Hacarus Inc., a provider of lightweight and explainable AI, launched its ECG platform, along with DS Pharma Animal Health.
Along with DS Pharma Animal Health, Hacarus Inc., the top supplier of understandable and lightweight AI has announced the introduction of its ECG platform. To help in the early diagnosis of cardiac illness, the second most common cause of mortality in dogs, the gadget examines and analyzes the health of the canine heart.
Top Companies Market Share in Veterinary Monitoring Equipment Industry: (In no particular order of Rank)
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The expenditure on veterinary monitoring has significantly increased in North America, which is predicted to spur market expansion.
The rising trend in pet adoption and pet insurance is anticipated to fuel market expansion in the region. In North America, 4.41 million pets will have health insurance in 2021, predicts the North American Pet Health Insurance Association (NAPHIA). Additionally, for policies that cover both accidents and diseases, the average monthly cost of pet insurance for cats is USD 28, and for dogs, it is USD 50.
For instance, the North American Pet Health Insurance Association is committed to raising public awareness of pet health insurance. Research by the National Center for Biotechnology Information (NCBI) in 2018 found that over 80% of American companion dogs have periodontal disease. Market competitors’ rising number of diagnostic test releases is also fueling the market’s expansion.
The current report Scope analyzes Veterinary Monitoring Equipment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Veterinary Monitoring Equipment Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Veterinary Monitoring Equipment Industry growth. Veterinary Monitoring Equipment market has been segmented with the help of its Equipment Type , Application Animal Type, and others. Veterinary Monitoring Equipment market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By equipment type, the market is segmented into vital sign monitors, ECG, and EKG monitors, capnography and oximetry systems, anesthesia monitors, magnetic resonance imaging (MRI) systems, and other veterinary monitoring equipment. Where vital sign monitors held the largest market share.
The market for vital sign monitors are expanding significantly due to reasons like the growth in animal illnesses, the number of new products being introduced, and the number of procedures requiring ongoing monitoring thereafter. Monitoring enhances surgical uniformity, which enhances the accuracy of the information gleaned from each animal. To guarantee survival and speedy recovery following surgery, it is crucial to monitor an animal's vital indicators such as heart rate, core body temperature, and breathing rate. Due to the significance of vital signs, monitoring, other firms are now releasing monitoring devices.
Additionally, research about the creation of animal vital sign monitors is predicted to promote industry expansion. For instance, according to research that appeared in the MDPI journal in June 2022, it is essential to keep track of the mice's vital signs while imaging is being done to reduce population losses and improve picture quality.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Veterinary Monitoring Equipment Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Veterinary Monitoring Equipment from 2019 to 2031. This will also help to analyze the demand for Veterinary Monitoring Equipment across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Veterinary Monitoring Equipment are:
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Animal type segments The market is segmented into small companion animals, large animals, and other animals. Where small animals held the largest market share.
Can be attributed to a growing population of adoptable pets and the increasing ability to spend more on pet health. According to Cooper Pet Care statistics, the European Union (including Norway and Switzerland) had around 140 million pets as of January 2022. There were around 76 million cats and 64 million dogs among these pets.
Additionally, according to the report, Spain has a far stronger predilection for dogs than cats, with a population that is 3 million people higher than that of cats. Estonia and Lithuania, on the other hand, have balanced populations of both cats and dogs. This proves that cats are popular pets in many nations throughout the world. During the projected period, this is anticipated to support segment growth.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Veterinary Monitoring Equipment Market is witnessing significant growth in the near future.
In 2023, the Vital Sign Monitors segment accounted for noticeable share of global Veterinary Monitoring Equipment Market and is projected to experience significant growth in the near future.
The Respiratory segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Medtronic plc., Bionet America Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Equipment Type | Vital Sign Monitors, ECG and EKG Monitors, Capnography and Oximetry Systems, Anesthesia Monitors, Magnetic Resonance Imaging (MRI) Systems, Other Veterinary Monitoring Equipment |
Application | Respiratory, Cardiology, Neurology, Other Target Areas |
Animal Type | Small Companion Animals, Large Animals, Other Animals |
End User | Veterinary Clinics and Diagnostic Centers, Veterinary Hospitals, Other End Users |
List of Competitors | Medtronic plc., MinXray Inc., Bionet America Inc., Digicare Biomedical Technology., Smiths Group plc., DRE Veterinary, Digicare Biomedical Technology, Midmark Corporation, Medtronic plc., Bionet America Inc., SonoScape Medical Corporation, Hallowell EMC, MinXray Inc., Hallmarq Veterinary Imaging Ltd., Esaote S.p.A, Agfa-Gevaert N.V., Nonin Medical Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Covetrus Inc., Vetland Medical Sales & Services LLC, Masimo Corporation, Burtons Medical Equipment Ltd., Vetronic Services20. IMV Technologies |
This chapter will help you gain GLOBAL Market Analysis of Veterinary Monitoring Equipment. Further deep in this chapter, you will be able to review Global Veterinary Monitoring Equipment Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Equipment Type Analysis 2019 -2031, will provide market size split by Equipment Type . This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Equipment Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Animal Type Analysis 2019 -2031
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Chapter 13 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Veterinary Monitoring Equipment market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Vital Sign Monitors have a significant impact on Veterinary Monitoring Equipment market? |
What are the key factors affecting the Vital Sign Monitors and ECG and EKG Monitors of Veterinary Monitoring Equipment Market? |
What is the CAGR/Growth Rate of Respiratory during the forecast period? |
By type, which segment accounted for largest share of the global Veterinary Monitoring Equipment Market? |
Which region is expected to dominate the global Veterinary Monitoring Equipment Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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