Veterinary Monitoring Equipment Market Worth $570 Million by 2025 - Exclusive Report by MarketsandMarkets™

News provided by

May 20, 2020, 08:30 ET

CHICAGO, May 20, 2020 /PRNewswire/ -- According to the new market research report "Veterinary Monitoring Equipment Market by Type (Vital Signs Monitor, Anesthesia Monitor, ECG Monitor), Target Area (Respiratory diseases, Weight Monitoring), Animal Type (Dogs, Cats, Equines), End User (Veterinary Clinic), Region - Global Forecast to 2025", published by MarketsandMarkets™, the Veterinary Monitoring Equipment Market is projected to reach USD 570 million by 2025 from USD 326 million in 2019, at a CAGR of 9.8%.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=130961889

Growth in this market is driven by the increasing focus on animal health among pet owners, the growing prevalence of diseases among companion animals, growing companion animal population, rising demand for pet insurance, growing animal health expenditure, and the rising number of veterinary practitioners & income levels in developed economies.

By type, vital sign monitors are expected to account for the largest share of the veterinary monitoring equipment market.

Based on type, the veterinary monitoring equipment market has been segmented into vital sign monitors, anesthesia monitors, capnography & oximetry systems, ECG & EKG monitors, MRI systems, and other equipment. In 2018, the vital sign monitors segment accounted for the largest share of the global veterinary monitoring equipment market. Growth in this segment is mainly driven by the increasing focus on companion animal health coupled with the need for continuous monitoring to prevent serious illnesses, increasing pet care expenditure, and technological advancements such as wireless monitors being introduced in the market.

Browse in-depth TOC on "Veterinary Monitoring Equipment Market"

155 – Tables

37 – Figures

193 – Pages

The increasing adoption of small companion animals is driving the growth of the small companion animals segment.

Based on animal type, the veterinary monitoring equipment market is segmented into small companion animals, large animals, and other animals (zoo animals, aquatic animals, and exotic animals). The small companion animals segment accounted for the largest market share in 2018. Increasing adoption of companion animals, increased focus on safety, increased expenditure on animal health and preventive care, aging pet population, and advancements in animal health products are the major factors driving the growth of this market segment.

Veterinary clinics form the largest end-user segment in the veterinary monitoring equipment market.

Based on end user, the veterinary monitoring equipment market is segmented into veterinary hospitals, veterinary clinics & diagnostic centers, and research institutes. Veterinary clinics & diagnostic centers accounted for the largest share of the veterinary monitoring equipment market in 2018. The increasing pet population across the globe, increasing awareness regarding pet insurance, rising disposable income, and the increasing number of private practices are supporting the growth of this market segment.

Get 10% Customization on this Research Report:

https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=130961889

In 2018, North America accounted for the largest share of the veterinary monitoring equipment market.

In 2018, North America dominated the global veterinary monitoring equipment market, followed by Europe. The large share of North America can be attributed to the increasing population of companion animals, rising veterinary healthcare expenditure, growing population of livestock (due to the high and growing consumption of meat and dairy products), and growing penetration of pet insurance in the region.

Prominent players in the veterinary monitoring equipment market include Smiths Group plc. (UK), DRE Veterinary (US), Digicare Biomedical Technology (US), Midmark Corporation (US), Medtronic plc. (Ireland), Bionet America, Inc. (Korea), SonoScape Medical Corporation (China), Hallowell EMC (US), MinXray, Inc. (US), Hallmarq Veterinary Imaging Ltd. (UK), Esaote S.p.A (Italy), Agfa-Gevaert N.V. (Belgium), Nonin Medical, Inc. (US), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Covetrus, Inc. (US), Vetland Medical Sales & Services LLC (US), Masimo Corporation (US), Burtons Medical Equipment Ltd. (UK), Vetronic Services (UK), and IMV Technologies (France).

Browse Adjacent Markets: Medical Devices Market Research Reports & Consulting

Get Special Pricing on Bundle Reports:

https://www.marketsandmarkets.com/RequestBundleReport.asp?id=130961889

Browse Related Reports:

Veterinary Equipment and Disposables Market by Product (Consumables, Anesthesia Machines, Ventilators, Patient Monitoring, Oxygen Masks, Infusion Pumps), Animal (Cats, Dogs, Equines, Bovines), End User (Hospitals, Clinics) - Global Forecast to 2023

https://www.marketsandmarkets.com/Market-Reports/veterinary-equipment-disposables-market-14169630.html

Companion Animal Diagnostics Market by Technology (Immunodiagnostic, Clinical Biochemistry, Hematology, Urine Analysis), Application (Clinical Pathology, Virology, Bacteriology, Parasitology), Animal (Dog, Cat, Horse), End-User - Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/companion-animal-diagnostic-market-173823870.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/veterinary-monitoring-equipment-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/veterinary-monitoring-equipment.asp