Veterinary equipment and consumables are used in animal hospitals and clinics for various applications, such as anesthetic medication, respiratory support, temperature management, and fluid management.
They provide flexibility and also avoid any accidents caused by animals. The market for veterinary examination tables has a wide product portfolio, thus providing most suitable options to veterinary doctors. Fragmented market with low product differentiation and easy availability of raw materials has reduced the barriers to entry. Currently the market is dominated by large number of local layers. In spite of such lucrative opportunities in the future, the market would suffer from low profit margins due to constant increasing competition. Low volume sales and numerous options to choose from, makes the market even competitive.
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Growth in the adoption of pets as well as the availability of reimbursements in countries, such as the U.S. and Europe, are among major factors driving the global veterinary tables market. Technological advancements in tables are also driving the demand for these products in mature markets. Advanced features, such as adjustable tables, hydraulic tables, electric tables and reliable locking casters systems, among others, is encouraging the adoption of advanced veterinary tables by veterinary physicians.
Geographically, veterinary tables market is segmented into regions viz. North America, Europe, Asia-Pacific excluding Japan, Japan and the Middle East & Africa. North America, Japan and Europe are expected to exhibit healthy growth in terms of revenue over the forecast period. The developing countries of Latin America, Asia Pacific and Africa regions are likely to gain momentum in late 2020.
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Veterinary equipment is also used in basic biomedical and medical research. The global veterinary equipment and disposables market is valued at USD XX billion in 2018 and projected to reach USD XX billion by 2025
The prominent players in the veterinary equipmentParagon Medical Supply, Inc., DRE Medical, Inc., VSSI, Inc., Olympic Veterinary, Midmark Corp., Alvo Medical, Shor-Line, Technik Technology, McDonald Veterinary Equipment and Diagnostic Imaging Systems.