Increasing Awareness About Pet’s Health to Fuel the Global Veterinary Dental Equipment Market
The global veterinary dental equipment market stood at a revenue of USD 312 million and to witness robust growth at a CAGR of 7.9% during the forecast period. This growth of the market is predicted on the back of the increasing prevalence of periodontal diseases in animals.
Veterinary Dental Equipment Market: Overview
The trend of adopting companion animals and increasing spending on their advanced healthcare facilities are driving growth of the global veterinary dental equipment market. The data suggested by the American Pet Products Association (APPA) explains that around 65% of the US population owns a pet and their expenditure in 2015 was around USD 60.3 billion. This data represents increasing awareness about the pet’s health, which is likely to offer several opportunities for growth in coming years as well.
Additionally, increasing investment for product innovation and newer product introduction are driving growth of the global veterinary dental equipment market. along with awareness about health of pets, the increase in disposable income are also benefiting the veterinary dental equipment market. However, the high cost associated with the dental equipment coupled with absence of advanced facilities especially in the emerging countries are impacting negatively on the growth of the global veterinary dental equipment market.
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Competitive Analysis:
Some of the major companies in the global veterinary dental equipment market market include Acteon Group, Cislak Manufacturing, Charles Brungart, Inc. (Cbi), Dentalaire, Eickemeyer, Dispomed, Henry Schein, Integra Lifescience, iM3 Pty Ltd, J & J Instruments, Midmark Corporation, MAI Animal Health, and Technik Veterinary.
Segmentation:
The global veterinary dental equipment market is segmented based on product, end user, animal type, and region.
The global market for veterinary dental equipment, by product, is segmented into equipment, consumables, hand instruments, and others. Of these, the equipment segment is further segmented into dental lasers, electrosurgical units, dental x-ray systems, dental stations, and powered units. The dental x-ray systems segment is further segregated into mobile dental x-ray systems and stationary dental x-ray systems. The dental stations segment is separate into countertop dental stations, mobile cart dental stations, and wall-mounted dental stations. The hand instruments segment is further classified as dental probes, dental elevators, extraction forceps, retractors, curettes and scalers, dental luxators, and others. The powered unit’s segment is segregated into dental handpieces and ultrasonic scalers & micromotors. The consumables segment is further classified into prophy products, dental supplies, and others.
By animal type, the market is segmented into companion animals, large animals, and others.
By end user, the market is segmented into veterinary clinics, veterinary hospitals, research & academic institutes, and others.
Regional Analysis:
Regionally, the veterinary dental equipment market is segmented into the Americas, Asia Pacific, Europe, and Middle East & Africa. Of these, the Americas dominated the overall market in 2017 and the region is estimated to remain dominant in the global veterinary dental equipment market in the coming period owing to the increasing expenditure on the pet’s wellbeing. Additionally, the strong presence of major players coupled with availability of pet’s health insurance are driving growth of the global veterinary dental equipment market in the region.
Additionally, the market in Europe is estimated to stand on the second leading position in the global market for veterinary dental equipment owing to increasing prevalence of periodontal diseases in the region. For instance, a study published in PLOS ONE, suggested that around 60.0% of companion dogs had periodontitis, 33.8% had missing teeth, and 61.3% had calculus in the Czech Republic. Such data represent the huge need for advanced dental healthcare facilities for pets and which is likely to result to surge in growth of the global veterinary dental equipment market in coming years.
However, the Asia Pacific is estimated to be the fastest growing region in the year 2017 and likely to remain same during the forecast period owing to increasing awareness about animal healthcare.
Industry News:
In 2019, Midmark Corp. recently announced that the company has acquired Mason Company. Through this acquisition, the Midmark is looking to expand its product portfolio and its ability to work closely with our channel partners along with reach to their customers. Additionally, with architectural and design expertise of Mason, the company will improve its product for wellbeing of pets.
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