The veterinary monitoring equipment market is expected to grow in the upcoming years due to rise in attention on animal health among the pet animal owner, increase in the population of companion animals and surge in the disease prevalence among the animals.
The veterinary monitoring equipment market includes the equipment and devices which are used in monitoring animal’s blood pressure, respiration and other important detections. Veterinary monitoring equipment are used in detecting the diseases in animals in the early stage to prevent the harms caused later. Veterinary monitoring equipment market consists of companies manufacturing monitoring devices for disease detection in animals.
COVID-19 scenario analysis:
To take care of infected population the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand of medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Considering these factors, COVID -19 is expected to have significant impact on Veterinary Monitoring Equipment Market.
Top Impacting factors:
- Factors such as rise in the awareness among the pet owners about the health of their pets, increase in prevalence of diseases in the companion animals and need for detection of these diseases is driving the veterinary monitoring equipment market.
- Rise in the population of companion animals and increase in demand for insurance of pets is expected to rise the veterinary monitoring equipment market in the upcoming years.
- Growth in expenditure upon pet and companion animals and rise in number of veterinary doctors and practitioners is also boosting the growth of veterinary monitoring equipment market.
- Restrain factors such as high costs involved in the purchase of these monitoring equipment can restrict the growth of veterinary monitoring equipment market in the forecast period.
New Product Launch / News:
- In April 2019, Agfa made an agreement with Universal Imaging, a multi-modality veterinary company, to provide low-dose, high quality imaging in the North American veterinary market. This helped Agfa to extend its market in US and Canada for veterinary supplies.
Key benefits of the report:
- This study presents the analytical depiction of the Global Veterinary Monitoring Equipment Market along with the current trends and future estimations to determine the investments.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Veterinary Monitoring Equipment Market share.
- The current market is quantitatively analyzed to highlight the Veterinary Monitoring Equipment Market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Veterinary Monitoring Equipment Market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Veterinary Monitoring Equipment Market Report:
- What are the leading market players active in Veterinary Monitoring Equipment Market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
- What Segments and region will drive the market growth & why?
- What are the target areas of the veterinary monitoring equipment market?
Veterinary Monitoring Equipment Market Report Highlights
Aspects | Details |
By Type |
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By Target Area |
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By Animal Type |
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By End User |
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By Region |
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Key Market Players | Smiths Group plc., Agfa-Gevaert N V., Digicare Biomedical Technology, DRE Veterinary, Medtronic plc, Hallowell EMC, Hallmarq Veterinary Imaging Ltd, Midmark Corporation |
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