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The Worldwide Veterinary Dental Equipment Industry is Expected to Reach $500 Million by 2026 at a CAGR of 8.4% from 2021 - ResearchAndMarkets.com

June 25, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Jun 25, 2021--

The “Global Veterinary Dental Equipment Market by Product (Dental Equipment, Hand Instruments, Consumables and Adjuvants), Animal Type (Small Companion and Large Animal), End User (Hospitals, Clinics, Academic Institute) - Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The global veterinary dental equipment market is projected to reach USD 500 million by 2026 from USD 334 million in 2021, at a CAGR of 8.4% during the forecast period.

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Growth in the global companion animal population, rising incidence of veterinary dental problems, and growth in the number of veterinary practitioners and their income levels in developed economies are the primary drivers for the veterinary dental equipment market.

However, the increasing cost of pet care is expected to restrain the growth of this market to a certain extent. This problem will be further exacerbated by the low animal health awareness and a shortage of skilled veterinarians in emerging markets.

The dental equipment segment holds the highest market share, by product, in the veterinary dental equipment market, in the forecast period

By product, the global veterinary dental equipment market is segmented into dental equipment, Hand instruments, consumables and Adjuvants. The equipment segment accounted for the largest share in the forecast year.

The large share of this segment can be attributed to the high cost of dental equipment and the rising income level of veterinarians, which is resulting in the higher adoption of dental equipment.

The X-ray system segment to grow at the highest CAGR in the veterinary dental equipment market, in the forecast period

Based on type, the equipment segment is further divided into dental stations, dental X-ray systems, scalers, powered units, lasers, and electrosurgical units. Dental X ray system accounted for the largest share in the equipment segment during the forecast period.

The cost for implementing dental radiology has been minimal, and new dental X-ray machines (CR systems) are available for around USD 3,000. Digital systems typically cost around USD 6,000-16,000 and are rapidly becoming the standard in veterinary practices as they offer rapid results.

The growing companion animal population promote the growth of this segment in the forecast period

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Based on animal type, the veterinary dental equipment market is segmented into small companion animals and large animals. The small companion animals segment accounted for the largest market share in the forecast period.

The large share of this segment can be attributed to the growing companion animal population, increasing pet care expenditure, and the high prevalence of dental diseases in companion animals.

In veterinary dental equipment market by end user segment, Veterinary Hospital holds the highest market share

Based on end user, the veterinary dental equipment market is segmented into veterinary clinics, veterinary hospitals, and academic institutes. Veterinary hospitals are the major end users in the veterinary dental equipment market during the forecast period.

The large share of this segment can primarily be attributed to the growing number of veterinarians, the increasing number of veterinary practices, and the increasing need for complete treatment under one roof.

The rising awareness among pet owners regarding routine and preventive care and improving government initiatives for veterinary practices are also expected to propel the growth of this segment in the coming years.

North America holds the largest share in the veterinary dental equipment market, by region, in the forecast period

The veterinary dental equipment market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The veterinary dental equipment market in North America accounted for the largest market during the forecast period.

The large share of North America in this market is attributed to the increasing number of companion animals and rising companion animal healthcare expenditure in the region. However, the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period owing to factors such as the increasing pet adoption, rising awareness about animal health, progressive urbanization, and the growing per capita animal health expenditure in several APAC countries

Market Dynamics

Drivers

  • Growth in the global companion animal population
  • Rising incidence of veterinary dental problems
  • Growth in the number of veterinary practitioners and income levels in developed economies
  • Growing demand for pet insurance and increasing pet care expenditure

Restraints

  • High pet care and veterinary dental equipment costs
  • Opportunities
  • Untapped emerging markets

Challenges

  • Low animal healthcare awareness in emerging markets
  • Shortage of veterinarians in emerging markets

Companies Mentioned

  • Acteon Group
  • Aribex
  • Avante Health Solutions
  • Charles Brungart, Inc.
  • Cislak Manufacturing, Inc.
  • Covetrus
  • Dentalaire
  • Dispomed
  • Eickemeyer
  • Healthy Mouth LLC
  • Henry Schein
  • IM3 Pty Ltd.
  • Integra Lifesciences
  • J & J Instruments, Inc.
  • Mai Animal Health
  • Midmark Corporation
  • MyVet Imaging, Inc.
  • NewTom
  • Planmeca Oy
  • Scil Animal Care (Heska)
  • Technik Veterinary

For more information about this report visit https://www.researchandmarkets.com/r/wo0uzj

View source version on businesswire.com:https://www.businesswire.com/news/home/20210625005403/en/

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KEYWORD:

INDUSTRY KEYWORD: VETERINARY HEALTH

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 06/25/2021 12:24 PM/DISC: 06/25/2021 12:24 PM

http://www.businesswire.com/news/home/20210625005403/en