The report on the global veterinary infusion pumps suggests a strong growth for the market that would mark rise from its previous valuation of USD 85.9 million in 2017 with a CAGR of 4.9% during the forecast period covering 2018 to 2023. Market Research Future (MRFR) also reveals several growth opportunities like rising demand from pet owners, increasing investment from the government to provide substantial setup, a surge in demand for insurance policies, and others can play a crucial role in taking the global market ahead.
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Segmentation:
MRFR’s attempt to get close to various details of the global veterinary infusion pumps market leads to a segmentation that includes the type and end user. With various dynamics and factors well-recorded, these segments are offering a closer look into the market to ensure a proper understanding of the market growth.
By type, the study on the veterinary infusion pump market reveals segments like large-volume infusion pump and syringe infusion pump. The large-volume infusion pump segment had the largest market share in 2017 and it is expected to continue its growth following a similar trajectory.
By end user, the report with details on the veterinary infusion pumps market can be segmented into veterinary clinics, veterinary hospitals, and others. The veterinary hospitals segment had the largest market share in 2017 and it is due to the structural benefits in such institutions and increasing funding for the same.
Regional Analysis:
The Americas would retain its market dominance as the regional spending for such moves are substantially higher than in other regions. This is primarily due to the increased funding for the veterinary sector, hike in the inclusion of top technologies, and better investment capacity of the pet owners. The US and Canada would lead the regional growth. The market would be sluggish in South America as several countries are poor in terms of their financial capacity. Europe would mark similar growth due to a hike in research and treatment facilities. The market would also gain acknowledgment in Asia Pacific as countries in these regions are waking up to such advanced procedures and a growing number of pet owners would boost the market growth.
Competitive Landscape:
The global market for veterinary infusion pumps would witness robust growth due to the growing participation from several companies like Jørgen Kruuse A/S (Denmark), Vetland Medical Sales & Services LLC (US), B. Braun Melsungen AG (Germany), Heska Corporation (US), Q Core Medical Ltd (Israel), Grady Medical Systems (US), Burtons Medical Equipment Ltd (UK), SAI Infusion Technologies (US), DRE Veterinary (US), and Leading Edge Veterinary Equipment, Inc. (US). These companies are making progress in terms of establishing their market stand by increasing their time in devising various market strategies. MRFR’s profiling of these companies includes recent steps like mergers, acquisitions, various investments in research and development facilities, expansion plans, and others to ease the understanding of the furthering of the market in the coming years.
Industry News:
In March 2020, the Centre Serene Sea in Crimea announced that they would make considerable efforts to ensure the well-being of aquatic mammals that often wash ashore. The process is now in a stage where they are trying to design a vehicle with all the necessary equipment to support such a mammal. As a part of this, they are planning to equip the car with infusion pumps and other tools to maximize the chance of saving an animal.
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