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The veterinary scales market size is forecast to increase by USD 92.69 million at a CAGR of 7.86% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
In the market, mechanical scales from providers such as SR Instruments and Adam held the largest market share in 2023. Mechanical scales, which operate without electricity, use a spring and pointer mechanism to measure weight. For every unit of weight added to the scale, the spring is calibrated to move the pointer a specific distance. These scales, also known as analog scales, offer ease of use for individuals with minimal weighing knowledge. Mechanical scales are typically more cost-effective than digital alternatives. Despite the lack of precision compared to digital scales, their simplicity and affordability make them a popular choice in the veterinary industry.
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The mechanical veterinary weighing scales segment was valued at USD 119.23 million in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In The market, North America held the largest market share in 2023, and this trend is anticipated to continue throughout the forecast period. This dominance can be attributed to several factors, including the increasing prevalence of pet ownership, rising incidences of animal diseases, and growing expenditure on animal health. Additionally, the increasing awareness of pet obesity and its health implications, as well as the presence of various animal healthcare programs and initiatives, are further driving the growth of the market in North America. For instance, the North American Pet Health Insurance Association is working to increase awareness about the importance of health insurance coverage for pets.
Further, the prevalence of obesity in pets is a significant concern, with the American Pet Obesity Foundation reporting that approximately 56% of cats and 60% of dogs were classified as overweight or obese in 2020. Furthermore, the increasing number of diseases, such as zoonotic and infectious diseases, necessitates the use of veterinary scales for accurate diagnosis and treatment. The rising awareness of animal health and the increasing expenditure on veterinary care are also contributing to the growth of the market in North America.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increase in the pet population is the key driver of the market.
Growth in the companion animal population is the upcoming trend in the market.
High costs associated with pet care ownership is a key challenge affecting the market growth.
Veterinary professionals are turning to telemedicine and electronic segment scales to improve efficiency and accuracy. Purchasing channels for veterinary scales include direct sales, distributors, and e-commerce platforms. Small animals, such as cats and dogs, are the primary focus of the market. Impact resistance and durability are essential features for veterinary scales due to the rough handling they may encounter. Veterinary diagnostic centers and pet hospitals are the largest consumers of veterinary scales, while non-medical pet products retailers and householder purchases are also growing segments.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth, driven by the increasing pet population and the rising prevalence of veterinary diseases. According to recent studies, the global pet population is projected to reach new heights, with small animals such as cats and dogs accounting for a substantial portion. This expansion of the pet population has led to an increased demand for veterinary services and weight monitoring devices. Veterinary scales play a crucial role in diagnosing and treating various veterinary diseases. However, the lack of precision in traditional fixed type scales has resulted in the adoption of advanced technological solutions. These technological advancements enable improved accuracy, ease of use, and enhanced functionality. The market caters to various segments, including pet hospitals, veterinary diagnostic centers, and households. The portable veterinary scales segment is gaining popularity due to its convenience and ease of use.
However, households and small animal clinics are the primary consumers of these devices, as they allow for regular weight monitoring and early detection of health issues. The rise of telemedicine and electronic veterinary services has also influenced the market. Veterinary professionals can now remotely monitor pet health, ensuring timely intervention and treatment. The electronic segment of the market is expected to grow at a rapid pace due to these advancements. Despite the numerous benefits, the market faces challenges such as the high cost of advanced devices and the availability of non-medical pet products.
Further, overweight pets are a significant concern, with pet obesity rates on the rise. This issue can lead to various diseases, including heart and respiratory conditions. Weight monitoring devices are essential in addressing this problem and preventing potential health risks. The Marsden Group and Windermere Veterinary Services are some of the key players in the market. They offer a range of products catering to different segments and requirements. The purchasing channels for veterinary scales include direct sales, distributors, and e-commerce platforms. The market is subject to various trends and dynamics. Technological advancements, the increasing pet population, and the growing awareness of pet health are some of the significant factors driving market growth. Impact resistance, durability, and ease of use are essential considerations for veterinary professionals when selecting veterinary scales. In conclusion, the market is experiencing substantial growth due to the increasing pet population, rising veterinary diseases, and technological advancements. The market is expected to continue growing, with a focus on improving accuracy, functionality, and affordability.
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Market Scope |
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Report Coverage |
Details |
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Page number |
158 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.86% |
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Market growth 2024-2028 |
USD 92.69 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.14 |
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Key countries |
US, UK, Germany, France, and China |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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