Veterinary Dental Equipment Market is Growing at a Healthy CAGR of 9.5% During Forecast to 2023
Veterinary
Dental Equipment Market: Overview
The increasing rate of pet
adoption in conjunction with rising pet care expenditure is expected to propel
the expansion of the veterinary dental equipment market over the next couple of
years. Injection of investments in the veterinary dental equipment market is
anticipated to pave the way for innovations and advancements, thus, augmenting
the market.
People are getting
increasingly aware of the dental diseases prevailing among animals. It is
expected to create a growth-inducing environment in the veterinary dental
equipment market in the years to come. Also, the increasing burden of
periodontal diseases is likely to favor the expansion of the market in the
foreseeable future. On the flip side, the high cost of advanced equipment
coupled with lack of skilled veterinarians is projected to impede the growth of
the veterinary dental (dentistry) equipment market over the forecast period.The
global Veterinary
Dental Equipment Market stood at a revenue of USD 312 million
and to witness robust growth at a CAGR of 9.5% during the
forecast period. This growth of the market is predicted on the back of the
increasing prevalence of periodontal diseases in animals.
Veterinary
Dental Equipment Market-Competitive Analysis:
·
Acteon Group
·
Cislak Manufacturing
·
Charles Brungart
·
Dentalaire
·
Eickemeyer
·
Dispomed
·
Henry Schein
·
Integra Lifescience
·
iM3 Pty Ltd
·
J & J Instruments
·
Midmark Corporation
·
MAI Animal Health
Segmentation:
·
The global veterinary dental equipment
market is segmented based on product, end user, animal type, and region.
·
The global market for veterinary dental
equipment, by product, is segmented into equipment, consumables, hand
instruments, and others. Of these, the equipment segment is further segmented
into dental lasers, electrosurgical units, dental x-ray systems, dental
stations, and powered units.
·
By animal type, the market is segmented
into companion animals, large animals, and others.
·
By end user, the market is segmented into
veterinary clinics, veterinary hospitals, research & academic institutes,
and others.
Regional
Analysis:
The
global veterinary dental equipment market, by region, has been segmented into
Americas, Europe, Asia Pacific, and the Middle East and African (MEA). Americas
has been projected to dominate the global market place trailed by Europe. The
increasing expenditure in pet healthcare in these regional veterinary dental
equipment markets is anticipated to revolutionize the growth pattern of the
market across the assessment period.
Industry
News:
In
2019, Midmark Corp. recently announced that the company has acquired Mason
Company. Through this acquisition, the Midmark is looking to expand its product
portfolio and its ability to work closely with our channel partners along with
reach to their customers. Additionally, with architectural and design expertise
of Mason, the company will improve its product for wellbeing of pets.
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