According to market research report Veterinary Dental Equipment Market is projected to reach USD 490 million by 2023 from USD 329 million in 2018, at a CAGR of 8.3% during the forecast period.
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Growth
in the global companion animal population, the rising incidence of
veterinary dental problems, and growth in the number of veterinary
practitioners and income levels in developed economies during the
forecast period are the primary drivers for the Veterinary Dentistry
Equipment Market during the forecast period.
North America to dominate the Veterinary Dental Equipment Market in 2018
North
America is expected to account for the largest share of the Veterinary
Dental Instruments Market in 2018, followed by Europe and the Asia
Pacific. The growing number of veterinary practices, increasing number
of companion animals, and rising companion animal healthcare expenditure
are some of the key factors driving the growth of the Veterinary
Dentistry Equipment Market in North America.
The small companion
animals Segment is expected to dominate the Veterinary Dental
Instruments Market during the forecast period of 2018 to 2023
Based
on type of animal, the Veterinary Dental Dentistry Market is segmented
into small companion animals and large animals. The small companion
animals segment is expected to account for the largest share of the
Veterinary Dental Equipment Market in 2018. The large share of this
segment can be attributed to the growing companion animal population,
increasing pet care expenditure, and the high prevalence of dental
diseases in companion animals.
The dental equipment segment to account for the largest market share in 2018
On
the basis of product, the Veterinary Dental Equipment Market is
segmented into equipment, hand instruments, consumables, and adjuvants.
The dental equipment segment is expected to account for the largest
share of the Veterinary Dentistry Equipment Market in 2018. The high
cost of dental equipment and the rising income level of veterinarians,
resulting in the higher adoption of dental equipment, are major factors
responsible for the large share of this segment.
Recent Developments –
In 2018, Dispomed (US) launched Highdent Quattro Plus, its latest in veterinary dental units.
In
2018, Eickemeyer (Germany) signed a partnership agreement with Central
CPD (UK) to connect with veterinary practitioners through professional
training programs and promote the latest medical equipment.
In 2015,
Henry Schein (US) acquired Jorgen Kruuse A/S (Denmark) to expand the
company’s Animal Health business in 23 countries with a strong presence
in Nordic countries.
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The
prominent players in the Veterinary Dental Equipment Market are iM3
(Australia), Dentalaire Products International (US), Henry Schein, Inc.
(US), Midmark Corporation (US), Dispomed (Canada), MAI Animal Health
(US), Integra LifeSciences Corporation (US), Acteon Group (UK), TECHNIK
Veterinary Ltd (UK), Cislak manufacturing (US), Eickemeyer (Germany),
and J&J Instruments Inc. (US).