Market Status and Prospects of Veterinary Tables
Market Status and Prospects of Veterinary Tables
Blog Article
As an important part of veterinary diagnosis and treatment equipment, the veterinary table market has gradually expanded in recent years with the increase in the number of pets and the strengthening of pet owners’ awareness of pet health. The market status and prospects of veterinary tables can be analyzed from the following dimensions: market size, growth factors, growth trends, market areas, and challenges.
Market Size
Currently, the veterinary table market size is huge and continues to grow, with the rise of the pet economy, driving the rapid development of the veterinary table and related diagnostic and therapeutic equipment market, according to the market research report, the global and China’s veterinary table market volume in the past few years to achieve significant growth.
Growth Factors
As people’s living standards improve, pet owners’ spending on pet health continues to increase, from daily vaccinations to surgical operations; the rise of pet insurance has reduced the economic burden on pet owners, promoted the acceptance and accessibility of veterinary surgical operations, and further promoted the growth of the veterinary operating room equipment – operating table market; veterinary surgical technology continues to advance, improving the safety of surgery and reducing the risks of surgery, which in turn drives market demand; the upgrade of veterinary table product lines has gradually enriched the types of veterinary tables, mainly including manual veterinary tables, electric veterinary tables, and hydraulic veterinary tables. These products are widely used in pet hospitals, veterinary clinics and other fields.
Growth Trend
As the number of pets increases, the demand for veterinary surgery is also expanding, so the veterinary operating table market is also expanding. According to the report of MarketsandMarkets™, the global veterinary surgery market is expected to maintain a compound annual growth rate of 7.0% between 2024 and 2029, and the market size will increase from US$48.359 billion in 2024 to US$67.889 billion in 2029. In addition, the global veterinary surgical instrument market size was US$1.37 billion in 2024, and the compound annual growth rate is expected to be 7.5% from 2024 to 2029.
Market Regions
In 2023, North America accounted for 40.5% of the global veterinary surgery market with outstanding data, and it is expected to reach US$27.818 billion by 2029. The Asia-Pacific region is expected to become the fastest growing region with a compound annual growth rate of 7.6%, mainly due to the rapid popularization of veterinary surgical technology.
Challenges
Although the veterinary table market has broad prospects, it also faces some challenges. The market demand is expanding, but the competition is also increasingly fierce. Manufacturers need to continuously improve product quality and service levels to stand out. In addition, with the advancement of technology, new diagnostic and treatment equipment continues to emerge, which faces certain competitive pressure on traditional veterinary tables. In addition, industry standards are also a factor affecting market development.
Keywords:
veterinary surgical instrument, hydraulic veterinary tables,veterinary operating room equipment