The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s veterinary medical equipment market report forecasts the veterinary medical equipment market size to grow to $3.15 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

Learn More On The Veterinary Medical Equipment Market Report 2023 – https://www.thebusinessresearchcompany.com/report/veterinary-medical-equipment-global-market-report

Veterinary Medical Equipment Market Size Forecast
The global veterinary medical equipment market is expected to grow from $2.25 billion in 2022 to $2.42 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. 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, surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The veterinary medical equipment market is expected to grow from $3.15 billion in 2027 at a CAGR of 6.8%.

North America held the largest veterinary medical equipment market share.

Key Veterinary Medical Equipment Market Driver ­– Rise In Global Economy
The US economy showed steady growth during the historic period, and this is likely to continue during the forecast period. Emerging markets reached 4.8% in 2020 versus 3.6% in 2019. The continued economic growth is expected to contribute to increased standards of living of the global population and strengthen the presence of the middle class. Increased standards of living and a strengthened middle class will further drive the demand for improved nutrition, particularly animal protein, and increase focus on food quality and safety, supporting the growth of the animal medicine market in terms of feed additives. Thus, economic growth is expected to drive this market.

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Key Veterinary Medical Equipment Market Trend – Advancing In Diagnostic Tools
Equipment such as portable x-ray and portable ultrasound scanners has increased the efficiency of veterinary treatment (especially in emergencies due to injury) for all equine/large animals, companions, exotic and mixed animal practices. For example, Wristscan V9, a diagnostic device, is being used for pregnancy tests for animals. In addition, the Alivecor iPhone app is used to perform electrocardiograms on animals for cardiologist review.

Veterinary Medical Equipment Market Segment
1) By Type: Veterinary Diagnostic Equipment, Veterinary Anesthesia Equipment, Veterinary Patient Monitoring Equipment, Other Veterinary Medical Equipment
2) By Product: Instruments/Equipment, Disposables
3) By Animal Type: Small Companion Animals, Large Animals, Other Animals
4) By End User: Veterinary Hospitals, Veterinary Clinics, Research Institutes

Veterinary Medical Equipment Market Major Players and Strategies
Major players in the veterinary medical equipment market are Carestream Health, IDEXX Laboratories Inc., Agfa Healthcare, MinXray Inc., and Diagnostic Imaging Systems.

The Veterinary Medical Equipment Global Market Report 2023 covers regional data on veterinary medical equipment market size, veterinary medical equipment market trends and drivers, opportunities, strategies, and veterinary medical equipment market competitor analysis. The countries covered in the veterinary medical equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Veterinary medical equipment refers to types of medical devices and surgical equipment such as endoscopic systems, dental equipment, and veterinary telemetry services that are used for operations, therapy, keeping track of diagnoses and vitals, and enhancing animal care to slow down the progression of diseases.

View More Reports Related To The Veterinary Medical Equipment Market –
Veterinary Services Global Market Report 2023
Veterinary Antibiotics Global Market Report 2023
Veterinary Diagnostic Equipment Global Market Report 2023

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