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Veterinary Equipment and Disposables Market: Geographic Growth Opportunities

Veterinary Equipment and Disposables Market: Geographic Growth Opportunities

The global veterinary equipment and disposables market is estimated to grow at a CAGR of 6.5% to reach around USD 1.7 Billion by 2020 from USD 1.2 Billion in 2015. Factors such as rising animal health expenditure and the growing demand for pet insurance, increasing number of veterinary practitioners and their rising income levels in developed regions, increasing animal research and growing research grants, and growth in the companion animals market are driving the growth of the global veterinary equipment and disposables market. However, a severe shortage of skilled veterinarians and the increasing cost of pet care are expected to restrain the growth of this market to a certain extent. Low animal health awareness in emerging markets poses major challenges for the adoption of veterinary equipment and disposables among hospitals and clinics.

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Veterinary Equipment and Disposables Market worth 1.7 Billion USD by 2020

Veterinary Equipment and Disposables Market worth 1.7 Billion USD by 2020

The global veterinary equipment and disposables market has witnessed major growth over the past few years. Factors such as rising animal health expenditure and the growing demand for pet insurance, increasing number of veterinary practitioners and their rising income levels in developed regions, increasing animal research along with growing research grants, and growth in the companion animals market are driving the growth of the global veterinary equipment and disposables market.

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