Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 38.50 Billion |
| USD 69.50 Billion | |
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Global Veterinary Dental Equipment Market, By Product (Equipment, Hand Instruments, Consumables, Adjuvants, and Others), Animal Type (Large and Companion Animals), End User (Veterinary Hospitals, Clinics, and Others) – Industry Trends and Forecast to 2030.
According to a 2017 American Pet Products Association (APPA) survey, the estimated canine population in the United States increased from 69.9 million in 2012 to 89.7 million in 2016. In 2016, the estimated feline population increased from 74.05 million in 2012 to 8.66 million. According to the survey, 85 million American households owned a pet in 2017. The pet industry in the United States spent USD 69.5 million in 2017. Other important factors assisting growth include increased favorable government initiatives and reimbursement policies.
Data Bridge Market Research analyses that the veterinary dental equipment market, which was USD 38.50 million in 2022, is expected to reach USD 70.37 million by 2030, at a CAGR of 7.83% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Equipment, Hand Instruments, Consumables, Adjuvants and Others), Animal Type (Large and Companion Animals), End User (Veterinary Hospitals, Clinics and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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iM3 (Australia), Dentalaire International (U.S.), Henry Schein, Inc. (U.S.), Midmark Corporation (U.S.), Dispomed ltd. (Canada), MAI Animal Health (U.S.), Integra Lifesciences (U.S.), Acteon Group Ltd. (U.K.), TECHNIK Ltd (U.K.), Cislak Manufacturing Inc. (U.S.), Eickemeyer (Germany), and J&J Instruments Inc. (U.S.)
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Market Opportunities
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Market Definition
Veterinary dental equipment refers to specialized instruments made specifically for use on animals. Some of the most commonly used veterinary dental equipment include luxation, elevators, extraction forceps, probes, curettes, deciduous elevators, and tartar. They assist veterinary dentists in cleaning, extracting, filling, adjusting, repairing, and inspecting teeth and gums to identify problems and other aspects of animal oral healthcare. Dental equipment has grown in popularity recently as the prevalence of periodontitis and gingivitis in animals has increased.
Drivers
According to an AmerisourceBergen Corporation report, veterinary services in the United States fell 31% in the first quarter of 2020 compared to the previous year's period. In addition, the vaccination program has been reduced by 19% in the last year. However, the market showed a V-shaped recovery in the second quarter of 2020, and clinics began to rebound, with services increasing by 10% year on year in the second quarter of 2020. Senior wellness bloodwork showed the greatest increase of 24% year on year. The aforementioned factors are driving the market growth.
Rising pet ownership and out-of-pocket spending by pet owners are expected to drive growth over the forecast period. Increased demand for pet insurance and claims will almost certainly result in increased demand for better treatment options. According to a NAPHIA report, the total number of insured pets in the United States and Canada exceeded 2 million in 2018, with the market average increasing by 17% year on year.
Opportunities
A growing number of veterinary surgeries is propelling the market forward. For instance, according to an AVMA report, pet owners in the United States spent USD 15.42 billion on veterinary surgeries in 2017. Periodontal disease has been discovered in more than 80% of the mature and senior pet population, requiring surgery. Furthermore, rising disposable income in developing countries like China and India is boosting growth due to untapped opportunities.
Restraints/Challenges
The absence of knowledge about developed advancements in pet care by owners is most likely to be hampered by the growth of the veterinary dental equipment market. However, the rising cost of pet care is expected to limit the market's growth to some extent. This problem will be exacerbated in emerging markets by low animal health awareness and a shortage of skilled veterinarians.
This veterinary dental equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the veterinary dental equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent developments
The veterinary dental equipment market is segmented on the basis of product, animal type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights
Animal Type
Product
End Use
The veterinary dental equipment market is analysed and market size insights and trends are provided by country, product, animal type and end user as referenced above.
The countries covered in the veterinary dental equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the veterinary dental equipment market because of the region's well-developed healthcare infrastructure and favourable reimbursement policies.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030, owing to the growing dental equipment.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The veterinary dental equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for veterinary dental equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the veterinary dental equipment market. The data is available for historic period 2011-2021.
The veterinary dental equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to veterinary dental equipment market.
Some of the major players operating in the veterinary dental equipment market are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.