Veterinary
Dental Equipment Market: Overview
The global Veterinary Dental Equipment
Market stood at a revenue of USD 312 million and to
witness robust growth at a CAGR of 9.5% during the forecast
period. This growth of the market is predicted on the back of the increasing
prevalence of periodontal diseases in animals.
The
trend of adopting the companion animal 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.
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Veterinary
Dental Equipment Market-Competitive Analysis:
·
Acteon Group
·
Cislak Manufacturing
·
Charles Brungart
·
Dentalaire
·
Eickemeyer
·
Dispomed
·
Henry Schein
·
Integra Lifescience
·
iM3 Pty Ltd
·
J & J Instruments
·
Midmark Corporation
·
MAI Animal Health
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.
·
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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