New technology and developments, such as wearables and other related embedded devices, may be useful for overall pet health, from young to elderly. Wearable devices expand veterinarians' scope beyond their clinic walls by empowering them to see the effect of their care decisions 24/7. Patient tracking wearables for pets include radio frequency recognition, GPS, and sensors.
MARKET DYNAMICS
An rise in disease incidence among animals serves as one of the main drivers for the veterinary patient monitoring equipment industry. Growing disease occurrence in cattle and companion animals would require testing devices to detect animal diseases. For example, according to the Banfield State of Pet Health survey 2016, the prevalence of diabetes in dogs increased by 79.7% from 13.1 cases per 10,000 in 2006 to 23.6 cases in 2015, while the prevalence rate increased by 18% in cats from 2006 to 2015. Growing the prevalence rate of animal diseases results in increased demand for improved veterinary testing facilities.
MARKET SCOPE
The "Veterinary Monitoring Devices Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Veterinary Monitoring Devices market with detailed market segmentation by product type, and application. The Veterinary Monitoring Devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Veterinary Monitoring Devices market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Veterinary Monitoring Devices market is segmented on the basis of type, and end use. Based on type, the market is segmented as Cardiac Monitoring Devices, Neuromonitoring Devices, Respiratory Monitoring Devices, Others. On the basis of end use, the market is categorized as Veterinary Hospitals, Veterinary Clinics, Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Veterinary Monitoring Devices market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Veterinary Monitoring Devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Veterinary Monitoring Devices market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Veterinary Monitoring Devices market in these regions.
MARKET PLAYERS
The report covers key developments in the Veterinary Monitoring Devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Veterinary Monitoring Devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for Veterinary Monitoring Devices in the global market. Below mentioned is the list of few companies engaged in the Veterinary Monitoring Devices market.
The report also includes the profiles of key players in Veterinary Monitoring Devices market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Smiths Group
- Hallowell EMC
- Midmark Corporation
- DRE Veterinary
- SonoScape Medical Corporation
- Digicare Biomedical Technology
- Hallmarq Veterinary Imaging
- Bionet America
- Medtronic
- MinXray
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