(PharmaNewsWire.Com, May 29, 2021 ) According to market research report Veterinary Equipment Market is projected to reach USD 490 million by 2023 from USD 329 million in 2018, at a CAGR of 8.3% during the forecast period.
Growth in the global companion animal population, growth in the number of veterinary practitioners the rising incidence of veterinary dental problems and income levels in developed economies during the forecast period are the primary drivers for the Veterinary Dental Market during the forecast period.
Based on type of animal, the Veterinary Dental Equipment Market is segmented into small companion animals and large animals. The small companion animals segment is expected to account for the largest share of the Veterinary Dental Market in 2018. The large share of this segment can be attributed to the growing companion animal population, increasing pet care expenditure, and the high prevalence of dental diseases in companion animals.
On the basis of product, the Veterinary Equipment Market is segmented into equipment, hand instruments, consumables, and adjuvants. The dental equipment segment is expected to account for the largest share of the Veterinary Dental Market in 2018. The high cost of dental equipment and the rising income level of veterinarians, resulting in the higher adoption of dental equipment, are major factors responsible for the large share of this segment.
The veterinary dental market, by end user, is segmented into veterinary hospitals, veterinary clinics, and academic institutes. The veterinary hospitals segment is expected to account for the largest market share in 2018. The large share of this segment can be attributed to the growing demand for modern, state-of-the-art large veterinary facilities and the rising consolidation of veterinary treatment centers.
Geographically, the veterinary dental equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The growing number of veterinary practices, increasing number of companion animals, and rising companion animal healthcare expenditure are some of the key factors driving the growth of the Veterinary Dental Market in North America.
The prominent players in the Veterinary Dental Equipment Market are iM3 (Australia), Dentalaire Products International (US), Henry Schein, Inc. (US), Midmark Corporation (US), Acteon Group (UK), Dispomed (Canada), MAI Animal Health (US), Integra LifeSciences Corporation (US), TECHNIK Veterinary Ltd (UK), Cislak manufacturing (US), Eickemeyer (Germany), and J&J Instruments Inc. (US).
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