Veterinary dental equipment Market to reach $500 million by 2026
The global veterinary dental equipment market is expected to reach USD 500 million by 2026, exhibiting a CAGR of 8.4% during the forecast period, according to the latest report titled "Veterinary Dental Equipment Market" by MarketsandMarkets. Factors such as the growing global companion animal population, rising incidence of veterinary dental problems, and the increasing number of veterinary practitioners are driving the growth of the veterinary dental equipment market. However, factors such as the increasing cost of pet care and low animal health awareness in emerging markets are expected to hinder market growth to a certain extent.
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Key Market Segments
By Product:
The veterinary dental equipment market is segmented into dental equipment, hand instruments, consumables, and adjuvants. Among these, the equipment segment is expected to account for the largest share in the forecast period. The high cost of dental equipment and the rising income level of veterinarians are resulting in higher adoption rates of dental equipment.
By Animal Type:
The market is segmented into small companion animals and large animals. The small companion animals segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing companion animal population, rising pet care expenditure, and the high prevalence of dental diseases in companion animals.
By 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 growing number of veterinarians, veterinary practices, and the increasing need for comprehensive treatment under one roof are driving the growth of this segment.
Regional Analysis
North America:
North America dominates the veterinary dental equipment market during the forecast period. The region's dominance can be attributed to the increasing number of companion animals and rising companion animal healthcare expenditure.
Asia Pacific:
The Asia Pacific market is estimated to grow at the highest CAGR during the forecast period. Factors such as increasing pet adoption, rising awareness about animal health, progressive urbanization, and growing per capita animal health expenditure in several APAC countries are driving market growth in this region.
Prominent Players
Some of the prominent players in the veterinary dental equipment market include:
- Planmeca Oy (Finland)
- Midmark Corporation (US)
- Henry Schein, Inc. (US)
- Integra LifeSciences Corporation (US)
- Eickemeyer (Germany)
- Scil Animal Care (Germany)
- iM3 (Australia)
- Dentalaire (US)
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Conclusion
With the increasing global companion animal population and the rising incidence of veterinary dental problems, the veterinary dental equipment market is poised for significant growth. Despite challenges such as the increasing cost of pet care and low animal health awareness in emerging markets, the market is expected to witness substantial growth in the coming years. The presence of key players and advancements in veterinary dental equipment are further propelling market growth, providing opportunities for stakeholders in the veterinary healthcare industry.
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