Veterinary Monitoring Equipment Market: Introduction
- Monitoring is the regular observation and recording of activities and vitals when animals are under anesthesia and also identifying other disease conditions. This aids in preventing further complications when performing surgery. Hands-on monitoring devices are preferred by animal health professionals, owing to their effectiveness and simplicity.
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- Veterinary patient monitors are devices that help assess the heart and respiratory rate of the veterinary patient, the blood pressure, and other vital parameters that aid in preventing veterinary risk
- Demand for these devices has been increasing significantly owing to various factors including rising animal health expenditure, increasing demand for pet insurance, and expansion of the companion market
Key Drivers and Restraints of Global Veterinary Monitoring Equipment Market
- Technological advancements in veterinary monitoring devices, including the development of endoscopic intubation techniques, airway devices, invasive and noninvasive blood pressure monitors, and positive intermittent pressure ventilators, play a significant role in enhancing the anesthetic outcomes and patient safety of exotic animals. This further boosts the veterinary monitoring equipment market.
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- Increase in prevalence of diseases among companion animals, combined with the rising awareness among people concerning animal health, increasing number of animal healthcare practitioners, and rising animal health expenditure, fuel the veterinary monitoring equipment market
- The vital signs monitor is anticipated to contribute significantly to the rise in demand for veterinary monitoring equipment owing to an increase in focus on companion animal health along with a rise in focus on continuous monitoring of the vitals to prevent serious illnesses
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North America to Lead Global Veterinary Monitoring Equipment Market
- In terms of region, the global veterinary monitoring equipment market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
- North America dominated the global veterinary monitoring equipment market in 2019, owing to the strong presence of leading market players, increasing investments in research & development, and rising prevalence of diseases among companion animals in the region. Furthermore, an increase in the number of people adopting pets and rise in animal healthcare expenditure further propel the market in the region.
- Europe followed North America in terms of share of the global veterinary monitoring equipment market in 2019. The market in Asia Pacific is projected to expand at a rapid pace, followed by Latin America and Middle East & Africa. Significant growth in livestock farming, increase in per capita animal health expenditure, rise in pet adoption, presence of large domesticated animal population, and increase in awareness among people about animal health are key factors driving the veterinary monitoring equipment market in Asia Pacific.
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Key Players Operating in Global Veterinary Monitoring Equipment Market
Major market players are focused on expansion of their presence in the global veterinary monitoring equipment market primarily by adopting inorganic growth strategies. Leading players operating in the global veterinary monitoring equipment market are:
- Smiths Group plc
- DRE Veterinary
- Digicare Biomedical Technology
- Midmark Corporation
- Medtronic plc
- Bionet America, Inc.
- SonoScape Medical Corporation
- Hallowell EMC
- MinXray, Inc.
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
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The growth of this market is primarily attributed to factors such as the increasing awareness regarding animal health, increasing focus on animal health among pet owners, growing prevalence of diseases among companion animals, growing companion animal population, rising demand for pet insurance, growing animal health expenditure, and the rising number of veterinary practitioners & income levels in developed economies.
The need for continuous pet health evaluation & diagnosis and wearable monitoring devices are gaining recognition as opportunity areas in the market.
The strong presence of DRE in the market can be attributed to the company’s robust product portfolio.
To strengthen its market position, the company focuses on enhancing and upgrading its product portfolio in the rapidly evolving veterinary equipment market.
In recent years, the company has upgraded its lineup of professionally refurbished veterinary equipment, such as anesthesia machines to strengthen its market share in the US and across the globe.
In addition, the company provides new equipment and services to top veterinary facilities, organizations, and academic institutes, which helps in increasing its share in the veterinary monitoring equipment market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=130961889Smiths Group (UK) is one of the leading players in the global veterinary monitoring equipment market.
The Business Research Company’s Veterinary Patient Monitoring Equipment Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.The Business Research Company published its Veterinary Patient Monitoring Equipment Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global veterinary patient monitoring equipment market.
The report covers the veterinary patient monitoring equipment market’s segments- cardiac monitoring devices, respiratory monitoring devices, remote patient monitoring devices, multi-parameter monitoring devices, neuromonitoring devices, veterinary hospitals, veterinary clinics, veterinary research centers, small companion animals, large companion animals, wild animals, zoo animals, aquatic animals, and exotic animals.Read Full Report @ https://www.thebusinessresearchcompany.com/report/veterinary-patient-monitoring-equipment-global-market-reportVeterinary Patient Monitoring Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 50+ geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Place A Sample Request of This Report At: https://www.thebusinessresearchcompany.com/sample.aspx?id=2454=smpVeterinarians and pet or cattle owners are shifting to wearable technology to keep track of the animal behavior.
