The Business Research Company’s latest report Veterinary Medical Equipment Global Market Report 2020 covers Veterinary Medical Equipment market drivers, Veterinary Medical Equipment market trends, Veterinary Medical Equipment market segments, Veterinary Medical Equipment market growth rate, Veterinary Medical Equipment market major players, and Veterinary Medical Equipment market size. The report provides in-depth analysis of the impact of COVID-19 on the Veterinary Medical Equipment industry, along with revised market numbers due to the effects of the coronavirus.
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Veterinary Medical Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global veterinary medical equipment market is expected to decline from $2.2 billion in 2019 to $1.8 billion in 2020 at a compound annual growth rate (CAGR) of -18.2%. The decline is mainly because of worldwide supply and demand mismatches of resources due to the COVID-19 outbreak. There is an inadequate production of veterinary medical equipment due to the restrictions imposed by governments of various countries to shutdown factories or function with minimal staffing to contain the spread of virus and keep the staff safe. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $2.8 billion in 2023.
The report covers the Veterinary Medical Equipment market’s segments-
1) By Type: Veterinary Diagnostic Equipment, Veterinary Anesthesia Equipment, Veterinary Patient Monitoring Equipment, Other Veterinary Medical Equipment.
2) By Product: Instruments/Equipment, Disposables.
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