The Veterinary Patient Monitoring Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033)
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According to The Business Research Company’s Veterinary Patient Monitoring Equipment Global Market Report 2024, The veterinary patient monitoring equipment market size has grown strongly in recent years. It will grow from $0.46 billion in 2023 to $0.49 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increasing pet ownership and humanization of pets, rising prevalence of chronic diseases in pets, awareness of the benefits of veterinary patient monitoring, government initiatives.
The veterinary patient monitoring equipment market size is expected to see strong growth in the next few years. It will grow to $0.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to rising pet healthcare expenditure, veterinary telemedicine, globalization of veterinary services, rising demand for personalized veterinary care, growing popularity of pet insurance. Major trends in the forecast period include advancements in technology, wearable monitoring devices, remote monitoring and telehealth, wireless connectivity, eco-friendly monitoring.
An increase in the prevalence rate of diseases among animals serves as one of the major drivers for the veterinary patient monitoring equipment market. An increase in the incidence of diseases in livestock and companion animals will require monitoring equipment to diagnose the diseases in animals. For instance, in July 2023, according to the World Health Organization, a Switzerland-based United Nations’ specialized organization with oversight of global public health, WOAH received reports of H5N1 high toxicity avian influenza outbreaks in chickens and wild birds from 67 nations on five continents, with approximately 131 million farmed fowl destroyed due to illness or culling in affected farms and neighborhoods in 2022. The increase in the prevalence rate of diseases for animals results in an increased demand for enhanced veterinary patient monitoring equipment market.
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The veterinary patient monitoring equipment market covered in this report is segmented –
1) By Product: Cardiac Monitoring Devices; Respiratory Monitoring Devices; Remote Patient Monitoring Devices; Multi-Parameter Monitoring Devices; Neuromonitoring Devices; Other Products
2) By Animal: Small Companion Animals; Large Companion Animals; Wild Animals; Zoo Animals; Aquatic Animals; Exotic Animals
3) By End User: Veterinary Hospitals; Veterinary Clinics; Veterinary Research Centers
The veterinary patient monitoring equipment market report table of contents includes:
1. Executive Summary
2. Veterinary Patient Monitoring Equipment Market Characteristics
3. Veterinary Patient Monitoring Equipment Market Trends And Strategies
4. Veterinary Patient Monitoring Equipment Market – Macro Economic Scenario
5. Global Veterinary Patient Monitoring Equipment Market Size and Growth
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26. South America Veterinary Patient Monitoring Equipment Market
27. Brazil Veterinary Patient Monitoring Equipment Market
28. Middle East Veterinary Patient Monitoring Equipment Market
29. Africa Veterinary Patient Monitoring Equipment Market
30. Veterinary Patient Monitoring Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
- Smiths Group PLC
- Hallowell Engineering & Manfufacturing Corporation
- DRE Veterinary
- Digicare Biomedical Technology Inc
- Midmark Corporation
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