The global veterinary dental equipment market is driven by increase in prevalence of dental diseases in animals such as gum disease, endodontic disease, periodontic disorders, surge in number of veterinary clinics & hospitals, and rise in awareness among pet owners regarding dental health.
PORTLAND, Ore., June 14, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Veterinary Dental Equipment Market by Product (Hand Instruments, Equipment and Consumables), by Animals (Large Animals and Small Animals), by End Users (Veterinary Hospitals, Veterinar Clinics and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global Veterinary Dental Equipment Market valued at $306.01 million in 2022 and is estimated to reach $537.46 million by 2032, exhibiting a CAGR of 5.8% from 2023 to 2032.
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Prime determinants of growth
Rise in demand for specialty veterinary care, the surge in technological advancement and increase in number of key market players that manufacture dental equipment for animals drive the growth of the global veterinary dental equipment market. However, high cost of veterinary dental equipment is hampering the veterinary dental equipment market growth. On the contrary, rise in awareness of dental health for animals and increase in adoption of small animals such as dogs, cats, and rabbits lead to increase in demand for veterinary dental equipment that are anticipated to create new opportunities for the growth of market during the forecast period.
Report coverage & details:
Report Coverage | Details |
Forecast Period | 2023-2032 |
Base Year | 2022 |
Market Size in 2022 | $306.01 million |
Market Size in 2032 | $537.46 million |
CAGR | 5.8 % |
No. of Pages in Report | 230 |
Segments covered | Products, Animals, End User, and Region. |
Drivers | Surge in pet ownership Rise in demand for specialty veterinary care Technological advancement in veterinary dental equipment |
Opportunities | Rise in pet insurance coverage |
Restraints | High cost of veterinary dental equipment |
Covid-19 Scenario
- The global veterinary dental equipment market was negatively impacted during the pandemic, owing to a decrease in demand for non-essential veterinary services, including dental procedures.
- Moreover, many manufacturers of veterinary dental equipment had also been impacted by the pandemic, with some facing reduced production capacity or temporary shutdowns.
- The veterinary dental equipment market is expected to recover in the post-pandemic period, driven by factors such as the increasing demand for pet care and the rising awareness of the importance of dental health in pets.
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The products segment to maintain its leadership status throughout the forecast period
Based on product, the equipment segment held the highest market share in 2022, accounting for more than two-fifths of the global veterinary dental equipment market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to rise in adoption of this devices for diagnosis and treatment of pets. However, hand instruments segment is projected to manifest significant growth with a CAGR of 6.6% from 2023 to 2032, owing the use of hand instruments in majority of the dental procedures.
The small animals' segment to maintain its leadership status throughout the forecast period
Based on animals, the small animals segment held the highest market share in 2022, accounting for more than three-fifths of the global veterinary dental equipment market revenue and is estimated to maintain its leadership status throughout the forecast period. This segment is projected to manifest a fastest CAGR of 6.1% from 2023 to 2032, owing to significant increase in pet ownership, particularly for small animals like cats and dogs. However, the large animals' segment is projected to manifest a significant CAGR of 5.2% from 2023 to 2032, owing to the growing adoption of large animals such as cows, buffaloes, horses and various others has led to increase the risk of dental disorders which increases the demand for veterinary instruments, equipment and consumables that propels the growth of the market.
The veterinary hospital segment to maintain its lead position during the forecast period
Based on end users, the veterinary hospitals segment accounted for the largest share in 2022, contributing to nearly half of the global veterinary dental equipment market revenue, as preference of large number of pet owners. This segment is projected to manifest a fastest CAGR of 6.3% from 2023 to 2032. However, the veterinary clinics segment is expected to portray a significant CAGR of 5.5% from 2023 to 2032. This is owing to the increase in pet population driving the need for veterinary clinics across the world.
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North America to maintain its dominance by 2032
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global veterinary dental equipment market revenue and is likely to dominate the market during the forecast period. The veterinary dental equipment market is mainly driven by the high number of domestic pets such as dogs and cats. The upsurge in healthcare expenditure in the emerging economies is anticipated to offer lucrative opportunities for market expansion. However, the Asia-Pacific region is expected to witness the fastest CAGR of 7.0% from 2023 to 2032 and is likely to dominate the market during the forecast period, owing to the large number of cattle ownerships especially in countries like India and rise in number of key players manufacturing veterinary dental equipment.?
Leading Market Players: -
- Planmeca OY
- Acteon group ltd.
- Integra LifeSciences
- Johnson & Johnson
- Midmark Corporation
- Cislak Manufacturing Inc.,
- MAI, Animal Health
- Eickemeyer Veterinary Equipment Inc
- Dentalaire International
- iM3Vet Pty Ltd.
The report provides a detailed analysis of these key players of the global veterinary dental equipment market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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