Veterinary Equipment and Disposables Market was Led by Companion Animals

The size of the veterinary equipment and disposables market was USD 2,515.9 million in 2023, and it will propel at a rate of 9.2% by the end of this decade, to touch USD 4,620.4 million by 2030.

To learn more about this report: https://bit.ly/3O0u3X7

This has a lot to do with the increasing prevalence of zoonotic ailments, growing acceptance of companion animals, and mounting requirement for improved veterinary critical care. Cutting-edge technologies, for example wearables, can come good in tracking the pet’s health from infancy, through childhood and maturity, to old age.

Veterinarians employ wearable technologies, such as GPS systems, radiofrequency identification systems, and other sensors tracking the food intake, activity levels, and vitals, for pet monitoring.

Consumables led thew industry with a share of 60%, because of the increasing animal care spending and the snowballing count of sterilization procedures, needing high volumes of consumables.

Furthermore, they are employed for more than a few applications, such as wound management and airway management.

The rescue & resuscitation category in the equipment sub-segment will observe a significant growth in the future. This is because of the increasing frequency of cardiopulmonary arrest in dogs and cats, which requires fast patient valuation and an instant CPR administration.

Companion animals led the veterinary equipment and disposables market, because of the growth in their populace and surge in the emphasis on their care. As per the American Veterinary Medical Association, the count of both cats and dogs in households has gone up considerably.

Additionally, animal shelters are a vital source for new pet attainments, accounting for 38% of dogs and 40% of cats adopted in 2021.

Also, as per the NAPHIA, the demand for pet insurance in recent times has resulted from the increase in the adoption of numerous companion animals.

Veterinary clinics make the most use of veterinary equipment and disposables, because of the availability of numerous treatment options available. Animal welfare organizations have delivered guidelines to guarantee the standards to be employed in such places, which has increased the footfall here.

Also, across developed countries, the progress in this category is also because of the presence of more than a few vet clinics, performing an increasing count of surgeries.

APAC will have a significant growth in the future because of the increasing pet adoption rate, growing cattle population, fast urbanization, growing consciousness of animal health, and rising per capita animal health expenditure. 

Japan and China will showcase a considerable growth, because of the growing count of veterinary clinics and hospitals. Furthermore, the increasing research and development investments by the major players for the expansion of value-added products will power the regional industry.

The growing prevalence of zoonotic diseases has a lot to do with the mounting demand for veterinary equipment and disposables all over the world. The demand will continue to rise in the years to come as well.

Read More

North America is Dominating Respiratory Care Device Industry

In 2021, the respiratory care device market was worth around USD 19,257.2 million, and it is predicted to advance at a 7.9% CAGR from 2021 to 2030, hitting USD 38,085.6 million in 2030. The major reasons behind the growth of this market are the surging incidence of preterm births and the growing geriatric population.

To learn more about this report: https://bit.ly/3O3ZGQh

Furthermore, because of the pandemic, there was a rapid growth in the demand for medical equipment globally, including ventilators and other vital monitors. At the peak of the covid out bust such devices are required to be tailored to treat seriously ill patients. For example, for patients who need ventilation for a longer period, became important to deliver portable ventilators and compact anesthesia devices.

Rapid Urbanization has impacted the environment and lifestyle. WHO says, in the 21st century, cities are home to around 55% of the global population and are expected to increase by 68% by 2050.

According to WHO report air pollution sources over 4 million premature deaths globally every year. The emission of carbon due to the burning of fuels in domestic appliances, motor vehicles, and industrial equipment causes cancers, respiratory diseases, and cardiovascular conditions. 

Globally, therapeutic devices held the largest revenue share of around 60% in 2021. The surging frequency of respiratory illnesses and the growing number of operations boost the demand for therapeutic devices which in turn, contributes to the growth of this category in coming years.

In South Asia and Africa, the occurrence of preterm births is around 60%, as per WHO, around 15 million preterm babies are born every year, also in other countries the rate of preterm births is around 5% to 18%. As per the report by CDC, in the U.S., in 2020, preterm births affected around 1 of every 10 infants born.

Tobacco consumers are more prone to suffer from, lung diseases, cardiovascular diseases, and cancer. According to WHO, Smoking causes around 42% of COPD, 10% of CVD, and 71% of lung cancer cases every year. Furthermore, 80% of smokers globally live in low-income countries, which in turn will cause more life-threatening respiratory illnesses.  

Hence, the major reasons behind the growth of this market are the surging incidence of preterm births and the growing geriatric population.

Read More

North America is Dominating Medical Radiation Detection, Monitoring, & Safety Industry

The medical radiation detection, monitoring, & safety market has garnered USD 2,140.8 million in 2021, and it is projected to rise at the rate of 8.3% from 2021 to 2030, to capture USD 4,373.8 million by 2030, As per the report by market research company, P&S Intelligence. 

To learn more about this report: https://bit.ly/3UfeRr7

This growth can be ascribed to the rising elderly population, high occurrence of cancer, mounting number of diagnostic imaging centers, and snowballing number of nuclear and radio diagnostic and healing procedures.

In 2021, detectors generated the highest revenue share of USD 427.0 million, and it is also estimated to grow at a CAGR of approximately 9% in the coming few years. This is mainly because the demand for medical radiation detection is growing because of the increasing volume of radiographic events and growing knowledge regarding the importance of radiation protection among medical professionals.

In the past few years, North America had the largest market share and is projected to develop at a CAGR, of 8.6%, during the forecast period. The continent is dominating the industry because of the growing awareness of the health dangers formed by dangerous radiation and the increasing occurrence of cancer.

Likewise, the increasing radiation protection knowledge and growing count of radio diagnostic methods are driving the medical radiation detection, monitoring, and safety market in the region.

Hence, the rising elderly population, high occurrence of cancer, mounting number of diagnostic imaging centers, and snowballing number of nuclear and radio diagnostic and healing procedures, are the major factors contributing to the growth medical radiation detection, monitoring, and safety industry.

Read More