DUBLIN--(BUSINESS WIRE)--Sep 3, 2018--The "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" report has been added to ResearchAndMarkets.com's offering.

The global veterinary equipment and disposables market is projected to reach USD 2.40 billion by 2023 from USD 1.63 billion in 2018, at a CAGR of 8.0% during the forecast period of 2018 to 2023.

Rising animal health expenditure and growing demand for pet insurance, increasing number of veterinary practitioners in developed regions, and growth in the companion animals market are the primary drivers for the global veterinary equipment and disposables market during the forecast period. However, the increasing cost of pet care and a focus on alternatives to animal testing are expected to restrain the growth of this market to a certain extent.

Market Dynamics

Key Market Drivers

Growth in Companion Animal Population Rising Demand for Pet Insurance With Growing Animal Health Expenditure Growth in the Number of Veterinary Practitioners and Income Levels in Developed Economies

Key Market Restraints

Rising Pet Care Costs Alternatives to Animal Testing Key Market Opportunities Untapped Emerging Markets

Key Challenges

Lack of Animal Healthcare Awareness in Emerging Markets Shortage of Veterinarians in Emerging Markets

Industry Trends

Rising Adoption of Big Data and Wearable Devices Growing Size of Veterinary Businesses

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Veterinary Equipment and Disposables Market, By Type

7 Veterinary Equipment and Disposables Market, By Animal Type

8 Veterinary Equipment and Disposables Market, By End User

9 Veterinary Equipment and Disposables Market, By Region

10 Competitive Landscape

11 Company Profiles

Dre Veterinary Henry Schein Smiths Group Midmark Jorgenson Laboratories Mindray Medical Nonin Medical Vetland Medical B. Braun Digicare Biomedical Hallowell Emc Grady Medical Mila International Burtons Medical

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Related Topics:Animal Healthcare/Veterinary

KEYWORD:

INDUSTRY KEYWORD: HEALTH VETERINARY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/03/2018 05:40 AM/DISC: 09/03/2018 05:40 AM

http://www.businesswire.com/news/home/20180903005083/en