The Business Research Company’s global market reports have been updated with the latest information on market sizing for the year 2023 and projections up to 2032.

The global veterinary patient monitoring equipment market is anticipated to expand from $0.42 billion in 2022 to $0.45 billion in 2023, achieving a compound annual growth rate (CAGR) of 7.3%. Furthermore, the market size is projected to increase to $0.58 billion by 2027, maintaining a CAGR of 6.4%.

In 2022, North America dominated the veterinary patient monitoring equipment market share, while Asia-Pacific secured the position of the second-largest region.

Driving Force of the Veterinary Patient Monitoring Equipment Market
A significant driver for the veterinary patient monitoring equipment market is the surge in the prevalence rate of diseases among animals. The escalating incidence of diseases in both livestock and companion animals necessitates monitoring equipment for accurate disease diagnosis. Notably, the Banfield Pet Hospital’s 2020 Veterinary Emerging Topics (VET) Report revealed that over 50% of dogs at 1,000 hospitals in 2019 were overweight or obese. Overweight pets face an increased risk of joint disease, respiratory problems, and other preventable conditions. This rise in disease prevalence drives the demand for advanced veterinary patient monitoring equipment.

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Prominent Trend in the Veterinary Patient Monitoring Equipment Market
A significant trend observed in the veterinary patient monitoring equipment market is the shift towards wearable technology by veterinarians and pet or cattle owners to monitor animal behavior. Wearable technology includes smart electronic devices worn on the body or integrated into clothing or accessories. These devices monitor body temperature, behavior, and movement, offering timely insights into the animal’s overall health. Such insights aid veterinarians in providing accurate diagnoses. For instance, Vetrax, a wearable sensor attached to a dog’s collar, enables clinicians and pet owners to monitor the animal’s behavior when unsupervised. According to a report by Veterinary Practice News, 83% of pet owners are satisfied with wearable technology, with 68% considering it effective for monitoring their pets’ weight and diabetes.

Prominent Players in the Veterinary Patient Monitoring Equipment Market
Key players in the veterinary patient monitoring market include 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.

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Key Veterinary Patient Monitoring Equipment Market Segments
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

The Veterinary Patient Monitoring Equipment Global Market Report 2023 offers a comprehensive overview of the market size, trends, drivers, opportunities, strategies, and company analysis. The report covers countries such as Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. It also includes analysis of the seven major regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Veterinary Healthcare Global Market Report 2023
Veterinary Anesthesia Equipment Global Market Report 2023
Veterinary Pharmaceuticals Global Market Report 2023

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