USD 107.61 billion
Report ID:
SQMIG35E2024 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
63
|Figures:
75
Global Veterinary Dental Equipment Market size was valued at USD 107.61 billion in 2022 and is poised to grow from USD 116.97 billion in 2023 to USD 227.99 billion by 2031, growing at a CAGR of 8.7% in the forecast period (2024- 2031).
The global veterinary dental equipment market has experienced significant growth in recent years, driven by the rising awareness about pet dental health and the increasing adoption of companion animals. A market analysis of the veterinary dental equipment industry reveals key trends and factors influencing its growth. One of the primary drivers of the veterinary dental equipment market is the growing emphasis on pet dental care. Pet owners are becoming more aware of the importance of dental hygiene for their animal companions, leading to an increased demand for veterinary dental services. This has resulted in a higher demand for dental equipment used in procedures such as oral examinations, dental cleanings, and tooth extractions.
Technological advancements in veterinary dental equipment have also played a significant role in market growth. Manufacturers are introducing innovative products with advanced features such as high-resolution imaging, dental radiography systems, and dental lasers. These technological advancements have improved the efficiency and accuracy of dental procedures, resulting in better patient outcomes.
US Veterinary Dental Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 107.61 billion
Largest Segment
Dental Equipment
Fastest Growth
Dental Consumables
Growth Rate
8.7% CAGR
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The global veterinary dental equipment market is segmented based on type, application, and region. Based on type, the market can be segmented into dental equipment, dental consumables, dental stationary equipment. Based on application, the market is segmented into veterinary hospitals and clinics, research institutes, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Veterinary Dental Equipment Market Analysis by Type
Dental equipment encompasses a range of instruments and devices used for veterinary dental procedures, including dental hand tools, dental imaging equipment, dental drills, and dental scaling units. This segment holds the dominant position in the market due to the essential role these equipment play in performing veterinary dental procedures. The increasing awareness of oral health in animals and the rising demand for dental surgeries and treatments contribute to the dominance of dental equipment in the market.
On the other hand, dental consumables refer to the supplies and materials used during dental procedures, such as dental implants, dental crowns, dental fillings, and dental sealants. This segment is experiencing significant growth and is the fastest-growing type in the global veterinary dental equipment market. The growth can be attributed to the increasing adoption of dental consumables in veterinary clinics and hospitals to address oral health issues in animals. The expanding pet population and the growing trend of pet owners seeking dental care for their pets are driving the demand for dental consumables.
Veterinary Dental Equipment Market Analysis by Application
Analysis by application reveals that the dominant segment in the global veterinary dental equipment market is Veterinary Hospitals and Clinics. Veterinary hospitals and clinics account for the largest share of the market due to their primary role in providing dental care for animals. These establishments are equipped with specialised veterinary dental equipment to diagnose and treat various dental conditions in animals.
On the other hand, the fastest-growing segment in the global veterinary dental equipment market is Research Institutes. Research institutes play a crucial role in advancing veterinary dental practices through scientific research, development of innovative technologies, and academic studies. The growing emphasis on improving dental health in animals and the need for evidence-based practices are driving the demand for veterinary dental equipment in research institutes.
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North America has emerged as the most dominant market for veterinary dental equipment. The region's strong market position can be attributed to several factors, including a large pet population, well-established veterinary healthcare infrastructure, and a high level of awareness among pet owners regarding the importance of dental care for animals. Additionally, favourable reimbursement policies, advanced veterinary dental technologies, and a significant presence of key market players contribute to North America's dominance in the market.
Asia Pacific is experiencing the fastest growth in the global veterinary dental equipment market. The Asia Pacific market is witnessing a surge in demand due to factors such as increasing pet ownership, rising disposable income, and a growing focus on animal welfare. Additionally, the region's emerging economies, such as China and India, are experiencing rapid urbanisation and an expanding middle-class population, which is driving the adoption of pets and the demand for quality veterinary dental care. As a result, the Asia Pacific region is expected to register the highest growth rate in the coming years.
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Veterinary Dental Equipment Market Drivers
Veterinary Dental Specialists and Dental Clinics
Veterinary Dental Equipment Market Restraints
Limited Awareness in Emerging Markets
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The global veterinary dental equipment market is characterised by intense competition and a diverse range of market players offering specialised products and services. The market is driven by the increasing focus on animal healthcare and the rising awareness about the importance of dental care for animals. The competitive landscape of the market is influenced by factors such as technological advancements, product innovation, strategic partnerships, and mergers and acquisitions. One of the key factors contributing to the competitive nature of the veterinary dental equipment market is the presence of established players with a strong market foothold. These companies have a wide range of veterinary dental equipment offerings and a global presence, enabling them to cater to a large customer base. They leverage their experience, brand reputation, and distribution networks to maintain their market position.
Veterinary Dental Equipment Market Top Player’s Company Profiles
Veterinary Dental Equipment Market Recent Developments
In February 2024, according to an article, a coordinated effort between medical device companies and healthcare foundations was driving development in the hydrocephalus shunt market.
In February 2024, Torch Dental, a top innovation stage for dental supply and equipment management, is eager to declare a strategic partnership with the Chicago Dental Society (CDS), a prominent association devoted to advancing oral wellbeing and propelling the dental calling in the state.
In June 2023, Biolase, Inc., one of the global leaders in the dental laser industry, announced the agreement with Pet Dental Services, in order to integrate Biolase’s diode laser technology. The technology provides veterinarians with the most cutting -edge care for pet patients.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global veterinary dental equipment market analysis, factors such as the rising awareness of animal dental health, increasing pet ownership, and a growing demand for specialised veterinary services are driving market expansion are the key growth drivers. The adoption of preventive dental care measures for animals, similar to those practised in human dentistry, is also contributing to market growth. While the market presents lucrative opportunities, it also faces certain challenges. The high cost of veterinary dental equipment, particularly advanced diagnostic and surgical instruments, can hinder market growth, especially in developing regions. Moreover, limited awareness and inadequate training of veterinarians in dental procedures pose challenges in the adoption of veterinary dental equipment.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 107.61 billion |
Market size value in 2031 | USD 227.99 billion |
Growth Rate | 8.7% |
Base year | 2023 |
Forecast period | 2024- 2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Veterinary Dental Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Veterinary Dental Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Veterinary Dental Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Veterinary Dental Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35E2024
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