Global Veterinary Monitoring Equipment Market Size, Share, Forecast Report, 2020-2027

The veterinary monitoring equipment market is projected to reach USD 570 million by 2025 from USD 326 million in 2019, at a CAGR of 9.8%. Growth in this market is driven by the increasing focus on animal health among pet owners, the growing prevalence of diseases among companion animals, the growing companion animal population, rising demand for pet insurance, growing animal health expenditure, and the rising number of veterinary practitioners & income levels in developed economies.
By type, vital sign monitors dominated the veterinary monitoring equipment market in 2018.
Based on type, the veterinary monitoring equipment market has been segmented into vital sign monitors, anesthesia monitors, capnography & oximetry systems, ECG & EKG monitors, MRI systems, and other equipment. The vital sign monitors segment accounted for the largest market share in 2018 due to the increasing focus on companion animal health, coupled with the need for continuous monitoring to prevent serious illnesses, increasing pet care expenditure, and technological advancements (such as the development of wireless monitors).

The weight & temperature monitoring segment accounted for the largest share of the veterinary monitoring equipment market in 2018.
Based on target area, the veterinary monitoring equipment market has been segmented into cardiology, neurology, respiratory disorders, weight & temperature monitoring, multi-parameter monitoring, and other target areas (including dentistry, pain, trauma, gynecology, orthopedics, and ophthalmology). The weight & temperature monitoring segment dominated the market, due to the need for effective weight & temperature monitoring for detecting diseases, monitoring progression and response to treatment, and checking both fluid retention & overload in animals during the assessment of hydration levels.

Small companion animals formed the largest animal type segment of veterinary monitoring equipment in 2018.
Based on animal type, the veterinary monitoring equipment market is segmented into small companion animals, large animals, and other animals (zoo animals, aquatic animals, and exotic animals). In 2018, small companion animals accounted for the largest share of the veterinary monitoring equipment market, due to the increasing adoption of companion animals, increased focus on safety, increased expenditure on animal health & preventive care, aging pet population, and advancements in animal health products.
The APAC market is expected to grow at the highest CAGR during the forecast period.
The market in the Asia Pacific is expected to grow at the highest CAGR during the forecast period. Factors such as the large domesticated animal population, growth in pet adoption, increasing awareness about animal health, growing per capita animal health expenditure (especially in India and China), and the large market for livestock farming are propelling the growth of the APAC market.

Key Market Players
The prominent players in this market are Smiths Group plc. (UK), DRE Veterinary (US), Digicare Biomedical Technology (US), Midmark Corporation (US), Medtronic plc. (Ireland), Bionet America, Inc. (Korea), SonoScape Medical Corporation (China), Hallowell EMC (US), MinXray, Inc. (US), Hallmarq Veterinary Imaging Ltd. (UK), Esaote S.p.A (Italy), Agfa-Gevaert N.V. (Belgium), Nonin Medical, Inc. (US), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Covetrus, Inc. (US), Vetland Medical Sales & Services LLC (US), Masimo Corporation (US), Burtons Medical Equipment Ltd. (UK), Vetronic Services (UK), and IMV Technologies (France).

The global veterinary monitoring equipment market was dominated by DRE Veterinary in 2018. The company is one of the major veterinary equipment manufacturers. The company’s product range helps address a wide range of health conditions—for both large and small animals. This portfolio includes vital sign monitors, telemetry systems, anesthesia monitors, MRI systems, and others. With its efficient sales specialists and expert biomedical department, the company focuses on offering innovative and durable refurbished equipment to veterinary hospitals, clinics, university programs, zoos, and a host of other animal specialists. The company works with several academic institutes and veterinary hospitals and clinics in North America.

The research report categorizes the market into the following segments and subsegments:

Veterinary Monitoring Equipment Market, by Type

• Vital Sign Monitors
• Anesthesia Monitors
• Capnography & Oximetry Systems
• ECG & EKG Monitors
• MRI Systems
• Other Equipment

Veterinary Monitoring Equipment Market, by Target Area

• Cardiology
• Neurology
• Respiratory Disorders
• Weight & Temperature Monitoring
• Multi-parameter Monitoring
• Other Target Areas

Veterinary Monitoring Equipment Market, by Animal Type

• Small Companion Animals
  • Dogs
  • Cats
  • Other Small Animals
• Large Animals
  • Equines
  • Other Large Animals
• Other Animals
•  

Veterinary Monitoring Equipment Market, by End User

• Veterinary Clinics & Diagnostic Centers
• Veterinary Hospitals
• Research Institutes

Veterinary Monitoring Equipment Market, by Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
• Latin America
• Middle East & Africa