Global Veterinary Monitoring Equipment Market Report 2023-2028: Increasing Amount of Pet Owners, Growing Awareness Towards Animal Healthcare
The report titled "Market Predictions for Veterinary Monitoring Equipment from 2023 to 2028" is now accessible in ResearchAndMarkets.com.
Experts predict that the worldwide market for veterinary monitoring equipment will experience a steady growth rate of 10.07% during the period from 2021 to 2028. This translates to an increase in market worth from US$293.18 million to US$574.03 million by 2028.
The market for equipment that helps vets keep track of animals is predicted to expand as more people become pet owners and become more conscious of animal health. Recently, there has been a higher demand for pet insurance, with approximately 3.9 million pets in the United States being insured by the end of 2021, representing a 20% rise compared to the previous year, according to the Insurance Information Institute. This trend bodes well for vendors of veterinary monitoring equipment as more people are willing to invest in animal healthcare.
Additionally, it is imperative to keep track of the fundamental indicators that indicate the well-being of an animal, such as heart rate, body temperature, and respiration rate. This is especially important in ensuring the animal's survival and prompt recovery after undergoing surgery. With the pivotal role that vital sign monitoring plays, there are several companies that are now introducing monitoring equipment.
Additionally, the demand for monitoring equipment is predicted to increase due to the substantial number of livestock found in different regions across the globe. As an example, the Department of Animal Husbandry and Dairying in India's 20th Livestock Census reported a growth of nearly 4.8% in the total livestock population in the year 2019, amounting to 536.76 million. This showcases the potential market for monitoring equipment in the country.
In addition, figures from Eurostat reveal that the European Union had approximately 289 million animals being raised for agriculture purposes. A livestock population of this size is likely to cause an increase in the need for veterinary monitoring equipment as there is a greater chance of illness.
The rise in the number of people owning pets has resulted in the growth of the market for veterinary monitoring equipment.
There is a predicted rise in demand for veterinary monitoring devices as more people possess pets. This can be attributed to the subsequent increase in animal healthcare requirements. According to the 2021-22 national pet owner survey conducted by the American Pet Product Association (APPA), around 70% of households in the US owned a pet, with approximately 69 million dogs and 45.3 million cats reported in the survey data.
The growing amount of people who have pets and their willingness to invest in their animals' health has created significant possibilities for companies to create innovative tools for monitoring veterinary care.
Darvall has recently released a brand new line of advanced medical equipment designed for monitoring anesthesia. This forward-thinking move was made in response to an expanding customer base as more and more people become pet owners. As a result, it is likely that this fresh range of products will lead to a considerable increase in market growth.
In February 2020, Bionet America, Inc. introduced the BMVet PRO Series of multi-parameter monitors. This series included the BMRVet PRO, BM5Vet PRO, and BM7Vet PRO. These monitors were designed specifically for veterinary use and included unique components and algorithms.
Midmark Corporation announced the release of their specialized Midmark Multiparameter Monitor in July 2020, which is equipped with algorithms specific to the veterinary field. This monitor is highly beneficial for use in animal clinics for screening, treatment, surgery, and post-operative care.
The veterinary monitoring equipment market has significant market shares in North America.
The focus on animal welfare is increasing, and both pet owners and vets are becoming more aware of the significance of taking care of animals properly. As an example, Merck Animal Health recently opened a manufacturing plant in Baton Rouge, Louisiana in October 2022, to produce more of its animal intelligence products. This new facility is expected to expand the company's production ability.
In addition, the animal health industry in the United States is mainly controlled by the powerful influence of major market leaders. These leaders are investing more in research and development, and the demand for innovative technological products is surging. As a result, the pace of progress and practical use of digital technologies in animal health is rapidly accelerating.
Many pet owners have become increasingly aware of the advantages of having pet health insurance. With the emergence of new and more reasonably priced pet health insurance policies, pet owners are flocking to get their pets covered. In the United States, the Insurance Information Institute reported that there were 3.9 million insured pets at the end of 2021, which is a rise of 20% from the previous year.
In addition, wearables are becoming more popular among veterinary professionals and animal caretakers to keep a closer eye on animal behavior. The wearable devices offer helpful information about the animal's overall well-being and assist vets in giving a proper diagnosis. One such device, Vetrax, is a wearable sensor that's attached to a dog's collar and lets pet owners and clinicians monitor various aspects of the animal's health. According to Veterinary Practice News, a staggering 83% of pet owners have reported being happy with the use of wearable tech, while 68% consider it an effective way to monitor their pets' diabetes and weight.
Capnography and oximetry systems are technologies used in the monitoring and assessment of a person's respiratory status. These systems measure the amount of oxygen and carbon dioxide present in the body, allowing medical professionals to identify any respiratory abnormalities. Capnography involves measuring the concentration of carbon dioxide in exhaled breath. It is an important tool in the diagnosis and management of respiratory conditions, such as asthma and chronic obstructive pulmonary disease (COPD). It is also useful in assessing the effectiveness of treatments and ensuring patient safety during anesthesia. Oximetry, on the other hand, measures the oxygen saturation in the blood. This technology uses a non-invasive probe that attaches to the fingertip or earlobe, allowing for quick and painless measurements. Oximetry is commonly used in the screening and management of respiratory and cardiac conditions, such as pneumonia and heart failure. The combination of capnography and oximetry provides a comprehensive assessment of a patient's respiratory status. These systems are particularly useful in emergency medicine, critical care, and anesthesia. By continuously monitoring oxygen and carbon dioxide levels, medical professionals can intervene quickly to avoid adverse events and improve patient outcomes.
ECG and EKG monitors are medical devices that measure the electrical activity of the heart. These monitors are commonly used in hospitals and doctor's offices to detect heart conditions and abnormalities. ECG stands for Electrocardiogram, which records the electrical activity of the heart over a period of time. EKG stands for Electrocardiograph and is the same as an ECG, but the abbreviation comes from the German spelling of the word. The device works by attaching electrodes to the skin that measure the electrical impulses generated by the heart. The activity is then recorded on a graph, which is interpreted by medical professionals to diagnose and treat heart conditions. ECG and EKG monitors are crucial tools in the medical industry, as they can detect heart problems early on and prevent serious health complications. They are also important for monitoring heart activity during surgeries or other medical procedures. Overall, ECG and EKG monitors play a vital role in maintaining heart health and preventing heart-related complications.
Tracking Your Weight and Checking Temperature Keeping an eye on your body weight and temperature is crucial for maintaining good health. Regular monitoring of these metrics can help you identify changes and take appropriate actions to prevent any health complications. To track your weight, it's best to weigh yourself at the same time every day, preferably in the morning before eating or drinking anything. This will give you a consistent measurement that you can use to track your progress over time. Record your weight in a journal or use a digital app on your phone to keep track of any fluctuations. Checking your body temperature is also important, especially if you suspect that you may be sick. A fever is a sign that your body is fighting off an infection, and it's important to take steps to bring your temperature down and prevent any complications. Use a thermometer to measure your temperature and keep track of any changes over time. By staying vigilant about your weight and temperature, you can take control of your health and live a happier, more active life.
If you have a furry friend, you may need to visit a veterinary clinic or diagnostic center at some point. These places are where your pet can receive medical care, checkups, and tests. A veterinary clinic is a place where veterinarians work, and they are trained to treat animals of all kinds. They can diagnose illnesses, provide preventive care, and perform surgeries. Veterinarians may also offer advice on how to take care of your pet's health and wellness. Diagnostic centers, on the other hand, specialize in testing and diagnosing medical conditions. They use various tools and equipment to gather information about your pet's health, such as blood tests, x-rays, and ultrasound. This helps veterinarians determine the cause of your pet's symptoms and recommend the best treatment options. Both veterinary clinics and diagnostic centers are essential for your pet's overall health and well-being. Regular checkups and tests can help detect any medical issues early, which can be crucial for your pet's recovery. So, make sure to schedule an appointment with your veterinarian and keep your furry friend healthy and happy.
The area known as the Middle East and Africa is a region encompassing numerous countries, cultures, and religions. It stretches from the Atlantic Ocean in the west to the Indian Ocean in the east and from the Mediterranean Sea in the north to the Horn of Africa in the south. This region is home to various ethnic groups, including Arabs, Persians, Kurds, Berbers, Amazighs, and others, and features a vast array of languages such as Arabic, French, English, Swahili, and Somali. The Middle East and Africa have a rich history of civilizations, including the ancient Egyptians, Greeks, Romans, and the Islamic Golden Age. It is a region that has seen a lot of conflict and political instability, but also has significant economic potential due to its abundance of natural resources such as oil, gas, and minerals. Tourism is also a growing industry in this area, with several historical and cultural sites attracting visitors from all over the world. Notable examples include the Pyramids of Giza, Petra in Jordan, and the Serengeti National Park in Tanzania. Despite the challenges faced by the Middle East and Africa, the region remains significant in the global geopolitical landscape, with its impact felt in areas such as energy and security.
is a company that specializes in providing medical equipment and services for veterinary clinics and hospitals. They offer a wide range of products, such as anesthesia machines, monitoring equipment, surgical instruments, and imaging systems. Furthermore, their team consists of experts who have extensive knowledge about the industry and can offer consultation services to their clients. With more than 30 years of experience, DRE Veterinary is a trusted brand among veterinary professionals. Overall, they aim to improve the quality of care for animals by providing reliable and advanced medical equipment.
Hallowell Engineering & Manufacturing Corporation is a company that designs and creates quality products for various industries. They have been in the business for a long time and have established themselves as a reliable source for high-quality goods. This corporation values their customers and ensures that they receive the best experience when dealing with them. Their team consists of knowledgeable and skilled professionals who work hard to meet the needs of their clients. With their expertise, they can provide solutions for complex problems and deliver products that exceed expectations. The company has a state-of-the-art facility that allows them to manufacture products efficiently while maintaining their level of quality. They also continuously invest in new technology to keep up with the latest trends in the industry. At Hallowell Engineering & Manufacturing Corporation, they believe in giving back to the community and supporting various causes. They have a strong commitment to social responsibility and sustainability, making sure that their operations have minimal impact on the environment. Overall, this corporation's dedication to excellence, customer satisfaction, and social responsibility makes them a top choice for businesses looking for quality products and services.
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