The Global Veterinary Diagnostic Equipment Market is experiencing significant growth, with a projected increase in market size from USD 298.2 million in 2022 to USD 456.4 million by 2032. This growth is expected to be driven by various factors, including the increasing need for animal healthcare services, the incidence of animal dental disorders, and advancements in veterinary dental equipment technology. Additionally, the growing trend of pet humanization and rising pet ownership are contributing to the market's revenue growth.
Veterinary dental equipment is in high demand across different end-use industries, including veterinary clinics and hospitals, research facilities, and academic institutions. Dental care plays a crucial role in animal healthcare as dental conditions can lead to serious health issues and even death. To provide effective dental care to their patients, veterinarians are investing in high-quality dental equipment. The availability of technologically advanced veterinary dentistry equipment, such as dental radiography equipment, dental scaling units, dental drills, and dental extraction equipment, is driving the market's revenue growth.
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The trend of pet humanization is also fueling the market's revenue growth. Pet owners are becoming increasingly concerned about the health and well-being of their animals, leading them to invest in high-quality veterinary dentistry equipment for their pets' dental treatment. Additionally, as the incidence of respiratory disorders caused by polluted air rises, there is a growing focus on improving the air quality in veterinary clinics and hospitals, leading to an increased demand for veterinary dental equipment with filters.
The rising prevalence of dental problems in animals is another driving factor for market growth. Dental disorders in animals can be caused by various factors, including inadequate dental care, heredity, and poor nutrition. As a result, there is a global increase in the demand for veterinary dental equipment. Furthermore, the market is expanding due to the growing awareness of the importance of animal dental care. Advancements in veterinary dental equipment technology, such as digital radiography, ultrasonic scaling, and high-speed dental drills, are also contributing to the market's growth. These cutting-edge tools provide animals with effective and efficient dental care, leading to increased acceptance of veterinary dental care services worldwide.
However, several factors hinder the revenue growth of the global Veterinary Diagnostic Equipment Market. These include a lack of qualified specialists, high costs associated with veterinary dental equipment, and strict government regulations.
According to data from the World Bank, global spending on veterinary care and services reached USD 28 billion in 2017, with an estimated USD 2.8 billion spent on dental products and equipment for animals. The American Veterinary Medical Association (AVMA) estimates that there are approximately 1.2 million veterinarians worldwide providing care for animals in developed and developing countries.
Government regulations play a crucial role in ensuring the safety and efficacy of veterinary dental products. The Food and Drug Administration (FDA) has established regulations in this regard. Additionally, organizations like the American Veterinary Dental College (AVDC) and the World Organization for Animal Health (OIE) provide guidelines for the use and transport of veterinary dental products. The European Commission has also set regulations to ensure the compliance of veterinary dental equipment with safety standards before being marketed in the European Union.
In terms of product types, the global Veterinary Diagnostic Equipment Market is segmented into scaling, extraction, diagnostic equipment, and others. The scaling equipment segment is expected to account for the largest revenue share during the forecast period due to the rising prevalence of dental problems in animals, especially cats and dogs. The diagnostic equipment segment is expected to register the highest revenue CAGR, driven by the increasing adoption of improved diagnostic procedures for early detection of dental disorders in animals. The extraction equipment segment is also expected to experience rapid revenue growth due to the rising frequency of dental conditions in animals that require tooth extraction.
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Key Players Operating in Veterinary Diagnostic Equipment Market
- Henry Schein, Inc.
- iM3 Inc.
- Jorgen Kruuse A/S
- Midmark Corporation
- Dentalaire Products
- Dispomed Ltd.
- Acteon Group
- MAI Animal Health
- Eickemeyer Veterinary Equipment Inc.
- Cislak Manufacturing
The global Veterinary Diagnostic Equipment Market has been segmented as follows:
Product Type Outlook (Revenue, USD Million; 2019-2032)
- Diagnostic Equipment
- Extraction Equipment
- Scaling Equipment
- Others
Animal Type Outlook (Revenue, USD Million; 2019-2032)
- Companion Animals
- Livestock
Regional Outlook (Revenue, USD Billion; 2019-2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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