Title | A Deep Dive into the Veterinary Equipment and Supplies Market: Emerging Trends and Innovations |
URL | https://www.marketsandmarketsblog.com/a-deep-dive-into-the-veterinary-equipment-and-supplies-market-emerging-trends-and-innovations.html |
Category | Fitness Health --> Health Articles |
Meta Keywords | Veterinary Equipment and Supplies Market, Veterinary Equipment and Supplies Market Size, Veterinary Equipment and Supplies Industry |
Meta Description | Covetrus Inc. (US), B. Braun Vet Care GmbH (Germany), BD Animal Health (US), ICU Medical, Inc. (US), |
Owner | Healthcare101 |
Description |
Veterinary Equipment and Supplies Market in terms of revenue was estimated to be worth $2.2 billion in 2023 and is poised to reach $3.2 billion by 2028, growing at a CAGR of 7.1% from 2023 to 2028 according to a new report by MarketsandMarkets.
The major driving factors for the growth of veterinary equipment and supplies market include growing demand for pet insurance, development in the veterinary equipment technologies, rise in the animal health expenditure. The growing demand for meat and dairy products is eventually increase in the number of livestock animals. The veterinary equipment market will be increasing in the emerging economies such as India and China due to increase in the population of companion animals and hence it offers a significant growth opportunity for players in the veterinary equipment and supplies market. |