Market Highlights
Numerous factors such as increasing incidence rate of zoonotic diseases, increased spending on animal health and growing pet insurance is anticipated to fuel the growth of the market. For instance, according to the data published by the World Health Organization (WHO) in 2016, the expenses related to the prevention and control of rabies is estimated at USD 590 million annually in Asia and Africa, whereas the expenses for the prevention and control of rabies in 2015 was USD 545 million in Asia and Africa.
It is estimated that the global veterinary equipment and disposables market size is expected to register a CAGR ~ 14.70% with an estimated market value of 1.63 billion during the forecast period of 2018–2023.
The global veterinary equipment and disposables market is currently dominated by many market players. The key players in the market are involved in new product launches and strategic collaborations to strengthen its market position. For instance, in August 2017, Henry Schein Inc. announced the acquisition of Merritt Veterinary Supplies Inc., an independent supplier of animal health products.
Segmentation
The global veterinary equipment and disposables market has been segmented into type, animal type, and end user. The market, based on type, has been segmented into critical care consumables, anesthesia equipment, fluid management equipment, temperature management equipment, research equipment, and rescue and resuscitation equipment.
The market, by critical care consumables, has been further segmented into wound management consumables, fluid administration and therapy consumables, airway management consumables, gastroenterology consumables, needles, and others. The market, by anesthesia equipment, has been sub-segmented into anesthesia machines, ventilators, vaporizers, waste gas management systems, gas delivery management systems, and others.
The market, by research equipment, has been segmented into lab evacuation systems, and induction chambers. The market, by rescue and resuscitation equipment, has been segmented into resuscitation bags, and oxygen masks.
Key Players
Some of the key players in the global veterinary equipment and disposables market are B. Braun Melsungen AG, DRE Medical, Digicare Biomedical Technology Inc., Henry Schein, Jorgensen Labs, Medtronic, Midmark Corporation, Patterson Companies, Inc., Smiths Group plc, and Vetland Medical Sales & Services.
https://www.marketresearchfuture.com/reports/veterinary-equipment-and-disposables-market-7398