Global Veterinary Dental Equipment Market Forecast to 2032
The Veterinary Dental Equipment Market study was developed as a result of extensive primary and secondary research, qualitative analysis, and quantitative analysis of significant market segments. Business experts have also acknowledged and verified the clever information. The report's objective is to provide more details on the general market environment for lead-free piezoelectric ceramic materials.
The global veterinary dental equipment market size was USD 366.5 Million in 2022 and is expected to register a steady revenue CAGR of 7.7% during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of companion animals is a key factor driving market revenue growth. The American Society for Prevention of Cruelty to Animals (ASPCA) and Humane Society estimate that between 3.5 and 4.1 million dogs and cats are adopted each year in the U.S.. As millennial and Generation Z consumers reached adulthood, they embraced their pet-owning and pet-loving lifestyles far more than their predecessors. In 2020, households headed by millennials account for roughly 60% of pet ownership, while households headed by baby boomers account for roughly 30%.
An other important driver boosting market revenue growth is the rising occurrence of veterinary dental disorders. A yearly dental examination is advised since oral health affects both the general health and behaviour of pets. The key to controlling dental disorders is prevention, thus it's crucial to regularly brush your teeth and remove plaque from them. By the age of three, over 70% of cats and 80% of dogs have periodontal disease, according to the AVMA. Pets frequently experience calculus, gingivitis, gum disease, and tooth fractures.
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Competitive Terrain:
The global Veterinary Dental Equipment industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Dentalaire, International, iM3Vet Pty Ltd., Dispomed Ltd, Midmark Corporation, Integra LifeSciences, MIA Animal Health, Acteon Group, Cislak International, Inc., CBI Dental, and Henri Schein, Inc.
Research Report on the Veterinary Dental Equipment Market Addresses the Following Key Questions:
- Who are the dominant players of the Veterinary Dental Equipment market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Veterinary Dental Equipment market?
- What are the key growth drivers and restraining factors of the Veterinary Dental Equipment market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Veterinary Dental Equipment market and its key segments?
Market Overview:
The report bifurcates the Veterinary Dental Equipment market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Product Outlook (Revenue, USD Million; 2019-2032)
- Equipment
- Hand Instrument
- Consumables
- Adjuvants
- Animal Type Outlook (Revenue, USD Million; 2019-2032)
- Large Animal
- Small Animal
- End-Use Outlook (Revenue, USD Million; 2019-2032)
- Hospitals & Clinics
- Academic Institute
- Others
Regional Landscape section of the Veterinary Dental Equipment report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
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)
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Some Key Highlights From the Report
- The equipment segment accounted for largest share in the global healthcare digital twin market in 2022. This is owing to associated benefits in oral examination, rising acceptance by veterinary practitioners, and increasing therapeutic options by making 50% of teeth below the gum line visible.
- The small animals segment revenue is expected to register largest revenue share during the forecast period. This is due to rising prevalence of periodontal disease in dogs. According to Humane Society of the U.S. data, approximately 61.3 million homes in the U.S. had at least one pet dog. Early detection and treatment are critical because they prevent illnesses from worsening and causing discomfort or long-term health issues.
- The North America market is expected to account for largest revenue share over the forecast period. This is due to increasing adoption of pets, technological advancements, and presence of key players in this region.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Veterinary Dental Equipment 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.
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
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