#U.S. Veterinarians Market Growth Forecast

[market-insider]

U.S. Veterinarians Market Positively Impacted By Tests And Veterinary Telehealth Services During COVID-19

The U.S. veterinarians market size is poised to reach USD 23.3 billion by 2030, expanding at a CAGR of 8.7% during the forecast period, as per a new report by Grand View Research, Inc. The rising cases of zoonotic and chronic diseases, increasing animal health expenditure, and growing pet health concerns are the key factors driving the market. An estimated total of around 132,138 professionals were actively involved in the veterinary profession in the U.S. Approximately 57% of the U.S. veterinarians were employed in private practices in 2020. This number is estimated to increase in the coming years, owing to a rise in demand for veterinary services.

Although the COVID-19 pandemic presented several challenges to the animal health industry, it highlighted the need to secure the health of pets as well as food animals. With containment measures such as lockdowns & movement restrictions, manufacturing companies and veterinary service providers were significantly affected. Animal disease surveillance and reporting activities, such as outbreak investigation & disease reporting, were also disrupted due to logistical issues. This included restrictions & constraints on access to farms & transport of samples and veterinary equipment & PPE kits during the pandemic.

Gain deeper insights on the market and receive your free copy with TOC now @: U.S. Veterinarians Market Report

However, companies manufacturing products or providing services that helped ease the pandemic burden, such as COVID-19 tests and veterinary telehealth services, were positively impacted. Veterinary visits too plunged due to the pandemic. However, the numbers soon recovered as veterinary services were recognized as an essential service. The U.S. government also announced several financial stimulus packages, flexible norms, and guidelines to ensure business continuity.

The Coronavirus Response and Relief Supplemental Appropriations Act & the Coronavirus Aid, Relief, and Economic Security (CARES) Act came into force to provide rapid & direct economic assistance to workers, families, & small businesses, and to preserve jobs in the U.S. Among other provisions, this included the Paycheck Protection Program to assist small businesses. C4, or the fourth COVID-19 relief bill, passed by the U.S. Congress in December 2020, included additional relief measures. Key provisions of C4 included a simplified loan waiver of up to USD 150,000, applicable to most veterinary practices.

With the growing number of pet parents in the U.S. and adoption of pet insurance, demand for animal health services is rising amongst people. In 2020, about 3.45 million pets had insurance coverage across North America, as per the North American Pet Health Insurance Association. Out of these, 3.1 million pets were insured in the U.S. alone. The highest percentage of insured pets were found to reside in California, New York, and Florida.

Dogs were the most frequently insured pets as compared to cats.Among the many available career paths, a notable number of U.S. veterinarians pursue teaching and/or research careers as faculty, thus contributing to the significant revenue share of the academics segment. New graduates are also inclined to enter internships and residencies at private veterinary practices or veterinary medicine colleges.

[secretofresearch]

Veterinary Services Market is Estimated to Witness High Growth

The veterinary services market involves a wide range of important medical services for animals including preventive care, medication, surgeries and other treatment procedures. Regular veterinary exams help monitor animal health and detect problems early. Veterinary professionals also play a key role in disease prevention through vaccination programs. Emerging technologies are revolutionizing veterinary treatment with treatments such as regenerative medicine gaining popularity.

The global veterinary services market is estimated to be valued at US$ 130.16 billion in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the veterinary services are Fagron Sterile Services US, New Drug Loft & VLS Pharmacy, Nora Apothecary, Lifecare Pharmacy, Avella Specialty Pharmacy, Triangle Compounding Pharmacy, O€TMBrien Pharmacy, Tache Pharmacy, Northmark Pharmacy, Edge Pharma, and ImprimisRx. The veterinary services market presents significant opportunities owing to rising pet ownership globally and increasing per capita spending on pet care. Technological advancements are also supporting market growth with emerging therapies such as regenerative medicine gaining popularity for conditions which were earlier untreatable.

The key opportunities in the Veterinary Services Market Demand include rising penetration in developing countries with growing pet adoption, opportunities for multi-specialty services with urbanization and nuclear families, and scope for preventive healthcare programs. Technological innovation is a key enabler in the market with emerging technologies such as regenerative medicines, biologics and stem cell treatment impacting disease management.

Market drivers

One of the key drivers for the veterinary services market is growing pet population globally coupled with rising pet care expenditure. Pet humanization trends have significantly increased spending on pet food, healthcare, insurance and accessories. According to the latest APPA National Pet Owners Survey, U.S. pet industry expenditure reached a record $103.6 billion in 2019, with over $31 billion spent on veterinary care. Growing pet ownership and increasing willingness to spend on pet healthcare is a major market driver.

Current challenges in the Veterinary Services Market:

The veterinary services market is facing several challenges currently. One of the major challenges is the shortage of veterinarians globally. There is currently an unmet demand for veterinary care due to lack of sufficient veterinary professionals. This leads to delay in delivery of care. Another challenge is rising veterinary care costs. The costs associated with veterinary medicine and surgeries have increased significantly over the years. This pressure on budgets restricts access to quality care for many pet owners. Lack of awareness among pet owners regarding veterinary preventive healthcare is also a challenge. Many pet owners only seek treatment when their pet falls sick rather than focusing on preventive healthcare checkups. This affects timely diagnosis and treatment.

SWOT Analysis

Strength: Strong bond between veterinarians and pet owners leads to loyalty; Growing pet humanization trend boosts demand.

Weakness: Shortage of vets causes delay in care; Higher costs restrict broader access to care.

Opportunity: Rising pet adoption during COVID drives future growth; Scope for preventive healthcare awareness programs.

Threats: Threat from illegal or unqualified Veterinary Services Market Analysis offering low-cost services; Risk of new pet diseases and virus outbreaks.

Geographical Regions

North America dominated the veterinary services market in terms of value in the historical period due to high pet ownership and growing expenditure on pet care in countries like the US and Canada. Asia Pacific is expected to be the fastest growing region during the forecast period driven by factors like rising affluence, nuclearization of families and increasing awareness about animal health in major countries.

The United States represents the most concentrated geographical region for the veterinary services market currently. Within the country, states like California, Texas and New York have emerged as major hubs for both veterinary practices and companion animal care expenditures. Other developed countries within North America and Western Europe also exhibit high demand density due to high pet ownership.

Get more insights on Veterinary Services Market

About Author:

Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.

(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)

[deshpandeisha]

The Growing Field of Animal Ultrasound: A Game Changer in Veterinary Medicine

The global animal ultrasound market size reached USD 286.2 Million in 2020 and is expected to register a revenue CAGR of 8.2% during the forecast period, according to latest analysis by Emergen Research. Increasing number of companion animals and rising demand for pet insurance are some key factors projected to support market revenue growth between 2021 and 2028.

In addition, increasing number of veterinary doctors in developed and developing countries is expected to boost revenue growth of the market going ahead.Increasing number of veterinarians has also resultedin increasingnumberof new treatment facilities, which is expected to boost demand for various treatmentequipment for animals, including animal ultrasound devices.In addition, veterinarians' incomes in developed countries have significantly risen in recent years, and this is strengthening their purchasing power, which is expected to boostadoption of animalultrasound devices in private clinics.

Request a Sample Report with Table of Contents and Figures to click Here: https://www.emergenresearch.com/request-sample/866

Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Animal Ultrasound market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

IDEXX Laboratories, Inc., Carestream Health, Inc., Fujifilm Holdings Corporation, Esaote SpA, GE Healthcare, Heska Corporation, Diagnostic Imaging Systems, Inc., Clarius Mobile Health Corp., DRAMIÑSKI S.A., and Hallmarq Veterinary Imaging Limited

Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/animal-ultrasound-market

Emergen Research has segmented the global Animal Ultrasound market on the basis of type, application, end-use, and region:

Segments Covered in this report are:

Animal Type Outlook (Revenue, USD Million; 2018–2028)

Large Animals

Small Companion Animals

Imaging Type Outlook (Revenue, USD Million; 2018–2028)

Doppler Imaging

2D Ultrasound Imaging

3D & 4D Ultrasound Imaging

Scanner Type Outlook (Revenue, USD Million; 2018–2028)

Handheld Ultrasound Scanners

Cart-based Ultrasound Scanners

The various regions analyzed in the report include:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

Analysis and estimation of the Animal Ultrasound Market size and share for the projected period of 2022-2030

Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape

Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Animal Ultrasound Market

Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments

Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

Request Customization as per your specific requirement@ https://www.emergenresearch.com/request-for-customization/866

[nitasonwane]

Veterinary Consumables Market 2023 Share, Size and Industry Growth

Veterinary consumables refer to a wide range of essential supplies and materials used by veterinarians, veterinary technicians, and other animal healthcare professionals in the course of providing medical care and services to animals. These consumables are used in veterinary clinics, animal hospitals, research laboratories, and other veterinary settings. They are typically disposable items that are used once or for a limited number of times before being discarded.

The global veterinary consumables market size was USD 1.63 billion in 2020. The market is projected to grow from USD 1.71 billion in 2021 to USD 2.83 billion by 2028 at a CAGR of 7.4% in the 2021-2028 period.

List of Key Companies Operating in Veterinary Consumables Market:

Avante Animal Health (Louisville, U.S.)

Midmark Corporation (Dayton, U.S.)

Smiths Medical (Minneapolis, U.S.)

Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (Shenzhen, China)

B. Braun Melsungen AG (Melsungen, Germany)

VETLAND MEDICAL SALES & SERVICES (Louisville, U.S.)

SunTech Medical, Inc. (Morrisville, U.S.)

Common examples of veterinary consumables include:

Syringes and Needles: Used for administering medications, vaccines, or extracting bodily fluids for diagnostic purposes.

Surgical Instruments: Instruments used in various veterinary surgeries, such as forceps, scalpels, scissors, and retractors.

Medical Gloves: Disposable gloves worn by veterinary professionals to maintain a sterile and hygienic environment and protect against the transmission of pathogens.

Bandages and Dressings: Used to dress wounds, support injured limbs, and promote healing in animals.

Catheters and Intravenous (IV) Sets: Used for administering fluids, medications, or nutrients directly into an animal's bloodstream.

What is the goal of the report?

The market report presents the estimated size of the Veterinary Consumables Market at the end of the forecast period. The report also examines historical and current market sizes.

During the forecast period, the report analyzes the growth rate, market size, and market valuation.

The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.

The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

Furthermore, a detailed study of the competitive landscape of the Global Veterinary Consumables Market has been given, presenting insights into the company profiles, financial status, recent developments, mergers and acquisitions, and the SWOT analysis. This research report will give a clear idea to readers about the overall Global Veterinary Consumables Market scenario to further decide on this market project.

Geography Analysis

By region, the global Veterinary Consumables Market is segmented into North America, South America, Europe, Asia-Pacific (APAC), South Africa, Middle East and Africa (MEA). The North America is further classified into U.S., Canada and Mexico. South America is segmented into Peru, Brazil, Argentina, Europe is further segmented into Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland. Asia-Pacific is segmented into China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam. MEA is segmented into South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa. Currently, North America dominates the global Veterinary Consumables Market.

[esglatestmarketnews]

Veterinarians—a Deep Dive into Number of Animal Doctors Based on Countries

Veterinary services have witnessed an unprecedented spike on the back of surging demand for quality pet care. Some factors, such as an uptick in pet adoption, the prevalence of chronic diseases and growing pet insurance services, have spurred the market penetration of animal doctors. For instance, Europe has around 309,144 veterinarians (39 FVE member countries), according to a European Federations of Veterinarians survey. Clinical practice (contributing to 58% of all respondents’ occupations) is the most prevalent employment sector. 

The database lists the U.S. with the maximum number of veterinarians. The U.S. houses over 45,857 animal health organizations. The final report, along with the database, will peruse the following dynamics:

• Insights on leading countries, including U.S., France, Germany, Belgium, Spain, Netherlands and   Malaysia.

• Number of veterinarians based on the primary area of specialization, occupation, or core specialty, including but not limited to companion animal exclusive, mixed animal, food animal exclusive and companion animal predominant. 

• Growth opportunities and trend assessment.

• Qualitative and quantitative analysis.

Get your copy or request for a free sample of the report “Estimated Number of Veterinarians by Key Countries, and Year, 2017 – 2021.”

Estimated Number of Veterinarians by Key Countries - Report Scope

Actual estimates/Historical data

2017 - 2021

Quantitative units

Number of Veterinarians from 2017 to 2021

Regional Scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Country Scope

U.S.; Canada; UK; Germany; France; Italy; Spain; Denmark; Sweden; Norway; China; Japan; India; Singapore; Australia; South Korea; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait

By Practice Type

Practice type includes private clinic practice and public & corporate employment. These segments are further subdivided into sub-segments, and data available are only for the key market: U.S.

By Area of Work for Veterinarians

Quantitative data on the number of veterinarians who work with companion animals, food-producing animals, equines, and aquaculture and data availability for EU countries

Companion Animals/Food producing animals/Equine/Aquaculture

Numbers are based on the survey of veterinarians and vets are not exclusive of companion animals

Related Reports:

• U.S. Veterinarians Market Size, Share & Trends Analysis Report By Sector (Public, Private (Food Animal Exclusive, Companion Animal Exclusive, Mixed Animal, Equine, Others), Academics), And Segment Forecasts, 2022 - 2030

• Veterinary Services Market Size, Share & Trends Analysis Report By Animal Type (Production, Companion), By Region (North America, Latin America, APAC), And Segment Forecasts, 2021 - 2028

About Us

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.

Find More information @ https://www.grandviewresearch.com/info/trend-reports

[desaletushki]

Veterinary Hospitals Market Size, Share, Trends And Forecast 2030

The global veterinary hospitals market size is expected to reach USD 125.07 billion by 2030, registering a CAGR of 5.7% over the forecast period, according to a new report by Grand View Research, Inc. Boom in pet population is driving the market growth. As per the American Veterinary Medical Association, over the next 10 years, the number of dogs and cats in the U.S. is anticipated to increase substantially. The dog populace is likely to rise from 85 million in 2020 to over 100 million by 2030. While cat populace is likely to surge even more intensely, from 65 million to more than 82 million. This upsurge in the pet population will drive the market. Despite the difficulties and new ways of working formed by the COVID-19 pandemic, for numerous hospitals, client numbers are growing.

Free Sample Report: https://www.grandviewresearch.com/industry-analysis/veterinary-hospitals-market-report

In addition, veterinary practice activity in the U.S. has fluctuated, but in general, the demand remains high. According to the Veterinary Industry Tracker, revenue per practice was up 13.3% year-over-year (November 2020 to November 2021). Client visits were up 5.1% during the same period. In numerous households across the globe, pets are seen as a core member of the family. There is a growing trend of pet humanization, resulting in an increased average spend on pet healthcare. Thus, pet humanization is set to drive the sales of veterinary services. This trend will be led by the growing population of small animals along with economic growth in developing markets. Improvements in technology have advanced veterinary care.

Technology is becoming more affordable and more practices around the world can adopt MRI and CT scanners. Digital dental X-rays and innovative oral surgery instruments are allowing veterinarians to advance in oral care in companion animals. Constant developments further address health issues in pets not just within hospitals, but on an all-around basis for better care and prevention. Access to veterinary healthcare is relatively underprivileged in most developing countries and some developed nations. For instance, according to a survey conducted in 2020 by the Federation of Veterinarians of Europe, rural and remote areas of Ireland have a shortage of veterinarians. Similarly, England is also experiencing a shortage of veterinarians in rural areas. This may restrict the market growth to some extent.

Veterinary Hospitals Market Report Highlights

In terms of revenue, the medicine segment dominated the market in 2021. The high demand for animal products, such as chicken and milk, is encouraging farmers to adopt vaccinations for their animals to gain higher profitability

The surgery type segment is estimated to register lucrative CAGR over the forecast period due to the growing pet insurance & healthcare expenditure and rising cases of chronic diseases in pets

Companion animals dominated the animal type segment in 2021 due to the growing trend of pet humanization

The private sector segment led the market in 2021 due to the growing disposable income and willingness to pay premium prices for veterinary services among owners

Asia Pacific is expected to witness a lucrative CAGR over the forecast period owing to the increased vigilance about animal health and rapid urbanization

In February 2020, DCC (Dogs Cats & Companions) Animal Hospital announced the launch of a series of multi-specialty animal hospitals across India. These hospitals will be advanced and equipped with innovative infrastructure and medical expertise

Industry players are involved in strategic initiatives, such as business expansion, M&As, and geographic expansion to gain higher market shares

For instance, in June 2021, CVS Group announced the establishment of a new state-of-the-art specialist veterinary hospital in Bristol, which will open in 2022, with modern technology and treatments in all disciplines

Key Companies & Market Share Insights

The hospitals are constantly involved in strategic initiatives, such as regional expansion, mergers, acquisitions, and new service launches, to gain a higher market share. For instance, in February 2021, the CVS group announced the purchase of the Market Hall Vets, a first opinion practice functioning three locations across Carmarthenshire in southwest Wales. In May 2020, Greencross Vets introduced WebVet a 24/7 online consultation service. Thus, enhanced its service offering to Australia’s network of 1000 veterinary professionals. Some of the prominent players in the global veterinary hospitals market include: CVS Group PLC, Greencross Vets, Ethos Veterinary Health, Pets At Home Group PLC, Mars, Animal Hospital Inc., All Pets Animal Hospital, Cahaba Valley Animal Clinic, Blaine Central Veterinary Clinic, Belltowne Veterinary Center

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/veterinary-hospitals-market-report

[researchvishal]

Veterinary Electrosurgery Market : Global Analysis, Size, Share, Growth, Trends & Forecast By 2032

The global veterinary electrosurgery market garnered a market value of USD 471.96 Million in 2021 and is expected to secure USD 505 Million by 2022. The market is expected to accumulate USD 993.41 Million by 2032 while expanding at a CAGR of 7% during the forecast period from 2022 to 2032. Growth of the market can be attributed to rise in demand for pet health insurance along with increasing adoption of pet animals.

The COVID-19 pandemic created several obstacles for the animal industry. This includes pet owners, animal health companies, veterinarians, and veterinary hospitals. Owing to stringent lockdown norms, limited operation of veterinary hospitals and clinics resulted in a decline of veterinary visits, thus impacting the market. But the industry responded well to the pandemic by deploying supportive measures to ensure access to veterinary care and other services.

Furthermore, development in veterinary surgery has always followed in the footsteps of human surgery. Innovative techniques of surgeries to make them less painful is driving the growth of the market. In addition, the proliferation of government administrations associated with animal healthcare and even distinct animal healthcare organizations will surge the demand for treatments across developing nations. These organizations focus on animals in sanctuaries and zoos. This, in turn, will boost the market growth.

On the contrary, the time taken for approvals for medication and instruments required for surgeries is derailing the progress of the market. In addition, the constant emergence of newer ailments amongst animals is a continuous challenge faced by the veterinary electrosurgery market.

Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15014

Key Takeaways from the Market Study

The veterinary electrosurgery is expected to garner a market value of USD 993.41 Million by registering a CAGR of 7% in the forecast period 2022-2032.

By product, consumables and accessories segment is expected to register a CAGR of more than 15% for veterinary electrosurgery market during the forecast period.

By animal, small animals are expected to possess 65% market share for veterinary electrosurgery market during the forecast period.

By end use, veterinary hospitals and clinics segment is expected to hold a market share of more than 80% in the forecast period 2022-2032.

By application, general surgery is expected to possess a market share of nearly 30% market share in 2022-2032.

U.S is projected to register a CAGR of 8% during the forecast period.

U.K. is anticipated to grow at 9% CAGR for veterinary electrosurgery.

“Increasing investments in adopting pets along with government initiatives to maintain animal health is driving the growth of veterinary electrosurgery market,” comments an FMI analyst.

Competitive Landscape

Key players in the global veterinary electrosurgery companies include Symmetry Surgical Inc, CVS Group, KARL STORZ, Avante Animal Health, B. Braun Melsungen AG, Medtronic, Summit Hill Laboratories, Kwanza Veterinary, Burtons Medical Equipment Ltd, EICKEMEYER and Macan Manufacturing. Some of the recent developments in the global veterinary electrosurgery market are:

In June 2021, CVS Group announced the planning of a new state-of-the-art specialist veterinary hospital in Bristol. The hospital will open in 2022 with modern technology and treatments in all disciplines, including orthopedics, general surgery, internal medicine, neurology, and neurosurgery, among others.

Medtronic, a key player in the veterinary electrosurgery market is focusing on developing instruments that will be technologically advanced to fasten the process of general surgeries for animals.

More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the global veterinary electrosurgery market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by product (Bipolar Electrosurgery Instruments, Monopolar Electrosurgery Instruments, Consumables & Accessories), Animal Type (Small Animal, Large Animal), application (General Surgery, Dental Surgery, Gynecological & Urological Surgery, Orthopedic Surgery, Others), End Use (Veterinary Hospitals and Clinics, Others) & Region Forecast till 2032

Key Segments Covered in the Veterinary Electrosurgery Market

Veterinary Electrosurgery Market by Product:

Bipolar Veterinary Electrosurgery Instruments

Monopolar Veterinary Electrosurgery Instruments

Veterinary Electrosurgery Consumables & Accessories

Veterinary Electrosurgery Market by Animal Type:

Veterinary Electrosurgery for Small Animals

Veterinary Electrosurgery for Large Animals

Veterinary Electrosurgery Market by Application:

General Veterinary Electrosurgery

Dental Veterinary Electrosurgery

Gynecological & Urological Veterinary Electrosurgery

Orthopedic Veterinary Electrosurgery

Other Veterinary Electrosurgery Applications

Veterinary Electrosurgery Market by End Use:

Veterinary Electrosurgery across Veterinary Hospitals And Clinics

Veterinary Electrosurgery across Other End Users

[market-insider]

Veterinary Hospitals Market Dynamics: Evaluating Market Size, Share, and Growth Forecast

The global veterinary hospitals market size is expected to reach USD 123.8 billion by 2030, expanding at a CAGR of 5.80% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing pet population is boosting the demand for veterinary clinics and hospitals around the world. Additionally, the COVID-19 pandemic lockdown restrictions led to a rise in the demand for companion animals. For instance, the number of pets in the UK has significantly increased. According to a recent survey conducted by the Pet Food Manufacturers Association, there are currently over 24 million cats and dogs living in the United Kingdom. The market is being driven by the increase in pet ownership, not just in the short term when kittens and puppies need shots, initial checkups, or neutering, but also considerably in the long term as they age into animals needing more veterinarian treatment and care.

Veterinary Hospitals Market Report Highlights

By animal type, the companion animal segment accounted for the largest revenue share in 2022. This is owing to the relatively stable ownership rate of dogs & cats in developed countries like the U.S. and increased expenditure on veterinary care

Based on type, the medicine segment dominated the market in 2022, owing to its significant distribution in veterinary pharmacies

Based on the sector, the private segment dominated the market in 2022. These hospitals offer well-maintained and advanced services at a relatively low price than private hospitals

North America accounted for a 43.4% share of the market in 2022 and is expected to grow over the forecast period. This growth is majorly due to high companion animal ownership rates, favorable government regulations, and increasing adoption of pet insurance for veterinary care

For More Details or Sample Copy please visit link @: Veterinary Hospitals Market Report

The rapidly aging pet population and the availability of advanced pet care options are among the key factors likely to drive expenditure on pets by owners, which is the primary source of revenue growth for veterinary hospitals. Establishment requirements for veterinary hospitals are expected to improve mainly due to the high demand for animal care services for pets & animals food. With the increasing number of pets and pet owners, the focus on animal safety has grown in recent years. Rising concerns and increasing awareness about chronic diseases in companion animals have resulted in high expenditure on pet health. Large spending on animal care is expected to further boost veterinary visits and medication sales in hospitals. Owners are concerned about their pets and consult veterinarians for treatment of several health issues at an early stage. This is further boosting the demand for efficient treatment options, driving the market.

[market-insider]

Veterinary Equipment And Disposables Market Positively Influenced By Growing By Companion Animal Population

The global veterinary equipment and disposables market size is expected to reach USD 4.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.8% from 2022 to 2030. Increasing pet health expenditure and growing concern among pet owners are driving the market. Advancement in veterinary equipment and growing initiatives by the industry players are boosting the growth.

Gain deeper insights on the market and receive your free copy with TOC now @: Veterinary Equipment And Disposables Market Report

Companies are investing in the expansion of their manufacturing facilities, which is expected to positively influence the revenue over the forecast period. For instance, in June 2021, Veterinary Instrumentation (VI), announced an expansion in the U.S. market. With this expansion, VI is going to bring the support of the expert team to veterinarians and more than 4,000 professional veterinary instruments in the U.S. This initiative is expected to boost the company’s growth, as it allows brand development in North America.

Growth in the companion animal population is expected to increase the demand for better treatment options and boost the overall expenditure on pets. In addition, there is an increase in the demand for animal products in emerging economies, due to improving per capita income and living standards. This has raised concern for the health of livestock which is further fueling the market. Like other markets, the market for veterinary equipment and disposables has also been significantly affected. Some of the major negative impacts of COVID-19 on the market are supply chain disruptions and operational hurdles due to changing policies and restrictions.

[researchvishal]

Veterinary Electrosurgery Market Future Scenario, Key Insights, Top Companies 2032

The global veterinary electrosurgery market size is estimated at US$ 471.96 Million in 2021 and is expected to secure US$ 505 Million by 2022. The market is projected to procure US$ 993.41 Million by 2032 while expanding at a CAGR of 7% during the forecast period from 2022 to 2032.

What are the Key Factors Propelling the Veterinary Electrosurgery Market?

Increasing awareness regarding treatment options for animals is playing a key role in the overall growth of veterinary electrosurgery market. The global COVID-19 pandemic affected veterinarians in more ways than one. From the outset of the COVID-19, the veterinary community came across serious questions and challenges. This led to the transformation of the veterinary electrosurgery market. Veterinarians planned to serve patients and clients with creativity and commitment. The COVID-19 pandemic has continued to evolve, and conditions have varied considerably across the world. Moreover, OIE has confirmed that no animals can spread this virus.

However, human-to-animal transmission has been reported in a few countries. During the COVID-19 pandemic and stringent lockdown, limited operation of veterinary clinics norms consequently resulted in a decline in veterinary visits. This, in turn, affected the market for veterinary electrosurgery. However, the veterinary visits have shown a V-shaped recovery during the 3rd quarter of 2020

According to IDEXX, U.S. clinic visits increased by 6% in Q4 2020 from the last quarter, which is expected to increase the growth of the market for veterinary electrosurgery over the forecast period. All these factors are contributing towards the growth of veterinary electrosurgery market.

What are the Major Trends in the Global Veterinary Electrosurgery Market?

Veterinary surgery has advanced beyond the conventional, traditional techniques. Electrosurgical Units are becoming more widespread with both routine and sophisticated veterinary procedures. Latest, energy-based techniques such as electrosurgery have paved the way for faster and more efficient surgical procedures.

Moreover, Electrosurgical Units are used in over 80% of all surgical procedures, comprising veterinary procedures. This, in turn, contributes to market growth. Furthermore, truly incredible advances have been witnessed in the past few decades with regard to the medical practice of veterinary surgery, resulting in technological advancements in products over the years.

What Challenges are in Store for Veterinary Electrosurgery Market?

Although veterinary electrosurgery is a constantly developing and evolving, the market is facing certain difficulties. The time taken for approval of medicines and instruments is affecting the overall development of market. In addition, the spread of newer diseases between animals due to unknown reasons constantly puts pressure on the veterinary electrosurgery market. This, in turn, derails the progress of the market.

What is the Intensity of the Competition in the Veterinary Electrosurgery Market?

Key players in the global veterinary electrosurgery include Symmetry Surgical Inc, KARL STORZ, DRE Veterinary, B. Braun Melsungen AG, Medtronic, Summit Hill Laboratories, Kwanza Veterinary, Burtons Medical Equipment Ltd, EICKEMEYER and Macan Manufacturing. Some of the recent developments in the global veterinary electrosurgery market are:

Burtons Medical Equipment Ltd, a key market player is not only focusing on manufacturing instruments needed for veterinary electrosurgery but also on repairing the same.

Key Segments Covered in the Veterinary Electrosurgery Market

Veterinary Electrosurgery Market by Product:

Bipolar Veterinary Electrosurgery Instruments

Monopolar Veterinary Electrosurgery Instruments

Veterinary Electrosurgery Consumables & Accessories

Veterinary Electrosurgery Market by Animal Type:

Veterinary Electrosurgery for Small Animals

Veterinary Electrosurgery for Large Animals

Veterinary Electrosurgery Market by Application:

General Veterinary Electrosurgery

Dental Veterinary Electrosurgery

Gynecological & Urological Veterinary Electrosurgery

Orthopedic Veterinary Electrosurgery

Other Veterinary Electrosurgery Applications

Veterinary Electrosurgery Market by End Use:

Veterinary Electrosurgery across Veterinary Hospitals And Clinics

Veterinary Electrosurgery across Other End Users

For more Information @ https://www.futuremarketinsights.com/reports/veterinary-electrosurgery-market