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The veterinary disposables market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 13%, as per The Business Research Company’s market report!

Read More On The Veterinary Disposables Market Report 2022 – https://www.thebusinessresearchcompany.com/report/veterinary-disposables-global-market-report

The Veterinary Disposables Market Size In 2022 And Forecast

The global veterinary disposables market is expected to grow from $0.29 billion in 2021 to $0.34 billion in 2022 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The global veterinary disposables market size is expected to grow to $0.56 billion in 2026 at a CAGR of 13.1%.

The veterinary disposables market consists of sales of veterinary disposables by companies that manufacture veterinary disposables.

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Increased Pet Ownership By Gen X and Gen Y Adults Is Driving The Growth Of The Veterinary Disposables Market

According to the APPA, millennials, or Gen Y, represent the largest segment of pet owners for all types of pets. More than 80% of Gen Y and Gen Z own a dog, and 50% or less own a cat as a pet. Multiple pet ownership is also on the rise in some parts of the world. According to the 2019-2020 APPA National Pet Owners Survey, 67% of US households own pets, which is equal to 84.9 million homes. Pet owners are well aware of advanced facilities and are willing to spend a large amount of money on the health of their pets. Therefore, the rise in pet ownership aids in the growth of the veterinary disposable market.

Competitive Landscape And The Regional Analysis Of The Veterinary Disposables Market

Major players in the veterinary disposables market are Mindray Medical International Limited, Smiths Group PLC, B. Braun Melsungen AG, Henry Schein, DRE Veterinary, Midmark Corporation, Jorgensen Laboratories, BD, Cardinalhealth, and Medtronic.

Additionally, as per TBRC’s research – North America was the largest region in the veterinary disposables market in 2021 holding the largest market share.

The Veterinary Disposables Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the veterinary disposables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the veterinary disposables market.

Product Innovations – A Key Trend In The Veterinary Disposables Market

Companies in the veterinary disposables industry are increasingly investing in mergers and acquisitions with other players to drive product innovations. To succeed in the increasingly competitive veterinary disposables market, companies are entering into new geographies and developing innovative products by sharing skills and expertise with other players through acquisitions and mergers.

Veterinary Disposables Market Segmentation By The Business Research Company

1) By Type: Critical Care Consumables, Wound Management Consumables, Fluid Administration and Therapy Consumables, Airway Management Consumables, Gastroenterology Consumables, Needles, Other Types

2) By Animal Type: Small Animals, Large Animals, Other Animal Types

3) By End User: Veterinary Clinics, Veterinary Hospitals, Research Institutes, Other End Users

Here Are Some Reports Related To The Veterinary Disposables Market –

Veterinary Orthopedic Implants Global Market Report 2022

Animal Hospitals And Veterinary Clinics Global Market Report 2022

Veterinary Patient Monitoring Equipment Global Market Report 2022

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