The global veterinary dental equipment market was analyzed by Market Research Future (MRFR) and it was projected that a notable CAGR of 9.5% will be attained by the market over the forecast period of 2018 to 2023. The valuation of the veterinary dental tools market was further stated to surpass its previous valuation of USD 312 million in 2017 by the end of the forecast period in 2023.
The increasing incidence of periodontal diseases among animals is said to be one of the biggest driving factors for the global dental equipment for veterinary market. Additionally, a vast array of factors is contributing to the overall growth of the market including increasing prevalence of veterinary dental problems, rising awareness about the health of animals, advancements in technologies, and increasing spending on pet insurance. However, the increasing cost associated with advanced dental equipment and the lack of proficient and experienced veterinarians in emerging nations can pose to be a major challenge for the global market.
Competitive Landscape
The global veterinary dental equipment market comprises a host of key players. This includes names like J & J Instruments, Acteon Group, Charles Brungart, Inc. (Cbi), Henry Schein, Dispomed, Cislak Manufacturing, Dentalaire, Midmark Corporation, Eickemeyer, iM3 Pty Ltd, Integra Lifesciences, MAI Animal Health, Technik Veterinary, and others.
Market Segmentation
The global veterinary dental equipment market has been segmented in terms of type, end-user, and components.
- By product, the veterinary dental equipment market is segmented into consumables, hand instruments, equipment, and others. Equipment is again segmented into powered units, dental lasers, dental stations, electrosurgical units, and dental x-ray systems. Dental x-ray systems are again segmented into mobile dental x-ray systems and dental x-ray systems. Dental stations are again segmented into wall-mounted dental stations, countertop dental stations, and mobile cart dental stations
- By animal type, the global veterinary dental equipment market is segmented into companion animals, large animals, and others. Of these, companion animals will dominate the market over the forecast period.
- By end user, the veterinary dental equipment market is segmented into research and academic institutes, veterinary clinics, veterinary hospitals, and others. Of these, the veterinary hospital will have a major share in the market over the forecast period.
Regional Analysis
The global veterinary dental equipment market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Middle East and Africa.
The Americas held the highest share to lead the global veterinary dental equipment market. This is due to the piling up expenditure on pet insurance and the presence of a number of major market players in the region. The US, in particular, boasts a huge population of pet owners. These pet owners spend considerable time on routine vet expenses and surgical visits to the vet. As per the statistics revealed by the American Pet Products Association (APPA), close to 65% of the US population own a pet, thereby aiding in the growth of the regional market.
Elsewhere, Europe stood out as another key regional market globally by ranking in the second spot. This is due to the widespread prevalence of periodontal diseases across the region.
Asia Pacific was reported to be the fastest growing regional market over the forecast period. The growth of the region in veterinary dental equipment is due to the increasing awareness among consumers about animal healthcare. Lastly, the market in Middle East and Africa is expected to attain the least share over the forecast period because of the lack of economic development, particularly in the African region.
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