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The Global Veterinary Scales Market size is estimated to grow by USD 92.69 billion at a CAGR of 7.86% between 2023 and 2028.
There has been a rising awareness about disease prevention and pet insurance. In addition, the concept of preventive healthcare is gaining popularity across regions. Moreover, it comprises the periodic examination of pet animals to determine nutrition, dental care, prophylaxis for various infections such as hookworms, and risk factor assessment. In addition. with increasing awareness of diseases in pet animals, pet owners frequently visit veterinary hospitals and clinics for routine checkups. Hence, such factors are positively impacting the market growth.
Technavio has segmented the market into Technology, End-user, and Geography
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.
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Mechanical veterinary weighing scales
The mechanical veterinary weighing scales segment is estimated to witness significant growth during the forecast period. This segment uses a spring and pointer to measure weight is the mechanical scale. In addition, for each unit of weight applied to the scale, the spring is calibrated so that the pointer moves a certain distance. Furthermore, a mechanical scale, often called an analog scale, is a device that runs off on no power.
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The mechanical veterinary weighing scales segment was the largest segment and was valued at USD 119.23 million in 2018. Moreover, it is easy to operate and has a straightforward mechanism. In addition, individuals with minimal knowledge of scales may effortlessly operate mechanical scales. Furthermore, compared to digital scales, mechanical scales are often more affordable. Therefore, the ease of operation and high life of mechanical veterinary weighing scales are expected to fuel the demand for mechanical veterinary weighing scales, which, in turn, will drive the global veterinary scales market during the forecast period.
Some of the main factors that are fuelling the growth of the veterinary diagnostic centers segment include increasing expenses for animal health, a rise in zoonotic disease incidence and the number of veterinary practitioners, technological advancements in point-of-care diagnostics, and rising levels of disposable wealth in emerging nations. In addition, the demand for veterinary diagnostics is expected to increase further due to the rising prevalence of infectious animal diseases. Moreover, the majority of laboratories increasing adoption of novel procedures and improvements in diagnostics are fuelling the market expansion.
The veterinary hospitals and clinics segment is a crucial and dynamic part of the global veterinary scales market. In addition, these establishments play a crucial role in the diagnosis and treatment of animals, and veterinary scales have become indispensable tools in their daily operations. Moreover, veterinary hospitals and clinics are witnessing a growing demand for veterinary scales. In addition, this is driven by a surge in pet ownership and increased awareness of veterinary wellness. Furthermore, pet owners increasingly seek high-quality healthcare for their animals, and these facilities must meet these demands. In addition, guidelines for veterinary health are being released by government organizations, which is probably going to fuel the growth of veterinary hospitals and clinics which in turn drives the market growth.
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North America is estimated to contribute 30% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. Factors such as the rising pet adaptation rates, increasing prevalence of animal diseases, especially zoonotic and infectious, increasing expenditure on animal health, increasing incidences of obesity in animals, and rising animal health awareness are driving the market growth in North America. In addition, the presence of healthcare programs and the rise in the number of initiatives to promote animal health are anticipated to fuel the growth potential of the veterinary scales in this region. For instance, the North American Pet Health Insurance Association is focused on increasing awareness levels about health insurance coverage for pets. Hence, such factors drive the market growth in North America during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 19 market companies, including:
Adam Equipment Inc: The company offers veterinary scales such as Latitude Compact Bench Scales, CPWplus Bench and Floor Scales, Aqua ABW Washdown Scales.
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.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
One of the key factors driving the veterinary scales market growth is the increase in the pet population. There has been rapid growth in the pet industry. For instance, according to the 2023-2024 American Pet Products Association national pet owners survey, in the US, 66% of households own a pet representing around 86.9 million households. In addition, some of the changes in pet ownership are due to technology and the advent of online purchasing.
Moreover, most of the growth is due to changes in culture. In addition, it has been observed that millennial and Generation Z consumers have embraced pet-owning and pet-loving lifestyles to a greater extent than their elders. Furthermore, awareness about animal health care has grown significantly in recent years, and the development of veterinary products has also increased, which has improved the quality of pet health care. Hence, such factors are driving the market growth during the forecast period.
A key factor shaping the veterinary scales market growth is the increase in pet humanization. Several people are increasingly treating their pets as family members due to enhanced emotional bonds. Thus, the focus on the well-being of companion animals is increasing significantly. In addition, the owners of pets are looking for good healthcare products to lengthen the healthy lifespan of their animal companions.
Moreover, this trend is evident in both emerging as well as developed markets. In addition, the population that owns pets is also increasing. For instance, as per the Centers for Disease Control and Prevention (CDC), 40 million households in the US own a cat as a companion animal. Furthermore, younger generations make efforts to pamper their pets. Hence, such factors are positively impacting the market for pelvic floor diagnostics, which encompasses various tools and techniques used to assess and treat conditions like urinary incontinence, fecal incontinence, and pelvic organ prolapse. The growing demand for accurate diagnostics and treatment options in both human and veterinary healthcare sectors is driving market growth during the forecast period.
High costs associated with pet care ownership are one of the key challenges hindering the veterinary scales market growth. There is an expansion in the population of pets. However, the number of animals covered for treatments is still very low. Thus, the majority of the expense of treatments is typically borne by the owners of the animals.
Moreover, the expense of veterinary care is growing at a high rate, according to the Society for Practicing Veterinary Surgeons, in addition to the rise in pet insurance. In addition, the frequency of veterinary specialists visits for pet care is another element driving up the expense of pet healthcare. Furthermore, veterinarians are under pressure to raise their prices due to the lower revenue in this field when compared to other advanced degree professions such as dentistry and law. Hence, such factors are hindering the market growth during the forecast period.
The market 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Veterinary Scales Market Customer Landscape
The veterinary scales market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Veterinary Scales Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.86% |
Market Growth 2024-2028 |
USD 92.69 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.14 |
Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
Performing market contribution |
North America at 30% |
Key countries |
US, UK, Germany, France, and China |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Adam Equipment Inc., apexx Veterinary Equipment Inc., Arlyn Scales, Avante Health Solutions, Bosche GmbH and Co. KG, Charder Electronic Co. Ltd., Illinois Tool Works Inc., Industrial Physics, Jude Equipment Pvt. Ltd., Mettler Toledo International Inc., Microsoft Corp., Midmark Corp., Oakleyweigh, Paragon Medical, PetLift, Soehnle Industrial Solutions GmbH, SR Instruments Inc., Tanita Corp., and Cardinal Scale |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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
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