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The veterinary patient monitoring equipment market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 5%, as per The Business Research Company’s market report!

Read More On The Veterinary Patient Monitoring Equipment Market Report 2022 – https://www.thebusinessresearchcompany.com/report/veterinary-patient-monitoring-equipment-global-market-report

The Veterinary Patient Monitoring Equipment Market Size In 2022 And Forecast

The global veterinary patient monitoring equipment market is expected to grow from $0.38 billion in 2021 to $0.42 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. 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, effecting many markets across the globe. The global veterinary patient monitoring equipment market size is expected to grow to $0.52 billion in 2026 at a CAGR of 5.7%.

The veterinary patient monitoring equipment market consists of the sale of veterinary patient monitoring equipment that is used to monitor animals’ respiration, blood pressure, and other vital signs.

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Increase In The Prevalence Rate Of Diseases For Animals Is Driving The Growth Of The Veterinary Patient Monitoring Equipment Market

For instance, according to the Banfield Pet Hospital’s 2020 Veterinary Emerging Topics (VET) Report, more than 50% of the dogs at 1,000 hospitals in 2019 were overweight or obese. Overweight pets are more likely to suffer from joint disease, respiratory disease, and other preventable conditions. The increase in the prevalence rate of diseases for animals results in an increased demand for enhanced veterinary patient monitoring equipment.

Competitive Landscape And The Regional Analysis Of The Veterinary Patient Monitoring Equipment Market

Major players in the veterinary patient monitoring equipment market are Smiths Group plc; Hallowell Engineering & Manufacturing Corporation; DRE Veterinary; Digicare Biomedical Technology Inc.; Midmark Corporation; Medtronic plc.; Jorgensen Laboratories; Vetland Medical Sales and Services LLC; Jorgen Kruuse A/S; Mila International Inc.; and Mindray Medical International Limited.

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

The Veterinary Patient Monitoring Equipment 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 patient monitoring equipment 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 patient monitoring equipment market.

Wearable Technology – A Key Trend In The Veterinary Patient Monitoring Equipment Market

Veterinarians and pet or cattle owners are shifting to wearable technology to keep track of animal behavior. Wearable technology is smart electronic devices that are worn on the body or integrated with clothing or accessories and monitor body temperature, behavior, and movement. These wearable monitoring devices provide timely insights regarding the overall health of the animal and help the veterinarian provide an appropriate diagnosis for the animal.

Veterinary Patient Monitoring Equipment Market Segmentation By The Business Research Company

1) By Product: Cardiac Monitoring Devices, Respiratory Monitoring Devices, Remote Patient Monitoring Devices, Multi-Parameter Monitoring Devices, Neuromonitoring Devices, Other Products

2) By End User: Veterinary Hospitals, Veterinary Clinics, Veterinary Research Centers

3) By Animal: Small Companion Animals, Large Companion Animals, Wild Animals, Zoo Animals, Aquatic Animals, Exotic Animals

Here Are Some Reports Related To The Veterinary Patient Monitoring Equipment Market –

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Animal Hospitals And Veterinary Clinics Global Market Report 2022

Veterinary Pharmaceuticals Global Market Report 2022

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