Veterinary Diagnostic Devices Market: Europe Occupies Over 45% Market Share – Fact.MR Study
250 Pages Veterinary Diagnostic Devices Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
According to Fact MR’s recent market research, sales of Veterinary Ophthalmic Equipment to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.
Focus on improving overall patient care will remain a chief growth driver. Besides this, Veterinary Diagnostic Devices market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.
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To offer an in-depth overview, the report provides sales projections for over 20 countries. It also identifies segments exhibiting maximum growth.
Digital Transformation in Healthcare Presenting Opportunities for Veterinary Diagnostic Devices Market Growth
Healthcare organizations around the world are deploying digital tools to accommodating changing consumer preferences. They are pressing on solving the long-standing challenge pertaining to care model innovation.
Considering this, the focus on making healthcare affordable and more transparent will increase. Adoption of care model innovation in healthcare will have a profound impact on the Veterinary Diagnostic Devices market.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Veterinary Diagnostic Devices market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Veterinary Ophthalmic Equipment
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The report offers actionable and valuable market insights of Veterinary Ophthalmic Equipment. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Veterinary Diagnostic Devices Market across various industries and regions.
This newly published and insightful report sheds light on Market Insights of Veterinary Ophthalmic Equipment, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Veterinary Diagnostic Devices Market.
Key Segments of Veterinary Diagnostic Devices Market
Fact.MR’s study on the veterinary ophthalmic equipment market offers information divided into three important segments— product, end user, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
Product
- Diagnostic Devices
- Tonometers
- Applanation Tonometers
- Rebound Tonometers
- Fundus Cameras
- Portable ERG Devices
- Ophthalmoscopes
- Slit Lamps
- Tonometers
- Surgical Equipment and Disposables
- Operating Microscopes
- Phacoemulsification Devices
- Opthalmic Surgical Instruments
- Bandage Contact Lenses
- Viscoelastics
- Intraocular Lenses
End User
- Veterinary Medical Centers and Collages
- Veterinary Hospitals
- Veterinary Clinics
- Small Animal Clinics
- Large Animal Clinics
- Exotic Animal Clinics
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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Veterinary Diagnostic Devices Market – Scope of the Report
Fact.MR recently published a market study on the global market for veterinary ophthalmic equipment. The study provides detailed assessment on key market dynamics, including the drivers, trends, opportunities restraints, and detailed information about the veterinary ophthalmic equipment market structure. The market study presents exclusive information about how the veterinary ophthalmic equipment market will grow during the forecast period (2020-2030).
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, and compounded annual growth rate (CAGR) are explained in Fact.MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the veterinary ophthalmic equipment market during the forecast period.
The study is relevant for stakeholders in the veterinary ophthalmic equipment market, including veterinary ophthalmic equipment manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the veterinary ophthalmic equipment market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in Fact.MR’s study.
The study also includes statistics as well as facts related to the macro- as well as micro-economic factors that are impacting developments in the market. It also offers actionable insights based on the future trends in the veterinary ophthalmic equipment market. Furthermore, small businesses and new entrants in the veterinary ophthalmic equipment market too can make use of the information presented in this study, based on which, they can make appropriate business decisions to gain momentum in the market.
Demand for veterinary care has exponentially increased in recent times, due to which, demand for veterinaries and clinics has also increased. People spend more on veterinary services than on medicines. Since the advent of the Internet, knowledge sharing has helped people realize the importance of regular checkups for animals. Moreover, veterinary medical device manufacturers are emphasizing on collaborative manufacturing with regional manufacturing presence to grab a greater share in high potential untapped regions in the veterinary ophthalmic equipment market.
Moreover, growing veterinary healthcare spending and R&D investments, and increasing production of veterinary medical devices are some of the factors propelling the growth of the veterinary ophthalmic equipment market. For instance, in 2016, animal health manufacturers invested around US$ 46 Bn, whereas, non-IP-intensive industries invested around US$ 3.9 Bn in R&D. Workers in the animal health industry earned nearly 25% premium. The export per worker in the animal health industry is around two times that of the non-IP-intensive industry.
As per Fact.MR, the global veterinary ophthalmic equipment market is estimated to reach a valuation of US$ 785 Mn by the end of 2030.
Key Takeaways from Veterinary Diagnostic Devices Market Study
- By product, diagnostic devices accounted for a prominent market value share in the veterinary ophthalmic equipment market, due to growing usage of these devices for various disease diagnosis applications.
- North America and Europe collectively hold over 60% of the global veterinary ophthalmic equipment market share, owing to growing research and production activities in veterinary medical equipment manufacturing industries.
- Based on end user, veterinary clinics accounted for more than half of the market value share in the global veterinary ophthalmic equipment market. However, the veterinary hospitals segment is expected to expand at a higher growth rate.
- Demand for veterinary medical equipment in Europe and East Asia is also projected to surge at a significant rate during the forecast period. Rising adoption of pets and increasing consumer spending on veterinary care are playing a crucial role in adoption of veterinary medical equipment in hospitals and clinics across the region.
- The COVID-19 pandemic will have a short-term adverse effect on the expansion of the global veterinary ophthalmic equipment market.
“Rising adoption of pets and increasing consumer spending on veterinary care & funding are some of the factors anticipated to favor the growth of the global veterinary ophthalmic equipment market,” says a Fact.MR analyst.
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Report Benefits & Key Questions Answered
- Veterinary Diagnostic Devices Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Veterinary Diagnostic Devices Historical volume analysis: The report provides a comparison of Veterinary Ophthalmic Equipment’s historical sales and projected sales performance for 2021-2031.
- Veterinary Diagnostic Devices Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Veterinary Diagnostic Devices market. It carefully gauges the impact of changing healthcare needs of key demographics globally
- Veterinary Diagnostic Devices Consumption by demographics: The report investigates consumer behavior affecting Veterinary Diagnostic Devices demand outlook for the assessment period. Effect of their keenness for digital trends on Veterinary Diagnostic Devices market is carefully analyzed
- Post COVID consumer spending on Veterinary Ophthalmic Equipment: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Veterinary Diagnostic Devices market growth.
More Valuable Insights on Veterinary Diagnostic Devices Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Veterinary Ophthalmic Equipment, Sales and Demand of Veterinary Ophthalmic Equipment, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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