Transparency
Market Research (TMR) has published a new report titled, “Veterinary
Dentistry Instruments & Equipment Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast, 2018–2026”. According to
the report, the global
veterinary dentistry instruments & equipment market was
valued at US$ 312.9 Mn in 2017 and is projected to expand at a CAGR of 5.2%
from 2018 to 2026. The report suggests that rise in awareness among pet owners
about the oral health of their companion or farm animals is likely to spur
demand for veterinary dentistry instruments & equipment during the forecast
period from 2018 to 2026. North America and Europe are likely to account for
significant shares of the global veterinary dentistry instruments &
equipment market. This is attributed to introduction of technologically
advanced veterinary dentistry instruments & equipment in these developed
markets by key players. Wide distribution network of major players and increase
in market penetration of emerging players are likely to boost the growth of the
veterinary dentistry instruments & equipment market in Asia Pacific from
2018 to 2026.
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Rise
in Per Capita Spending on Pet Care to Drive the Global Market
Improved
understanding of the best practices of veterinary dentistry among veterinarians
and efforts taken by various private and public organizations to set a standard
for veterinary dentistry are the key factors fueling the growth of the global
veterinary dentistry instruments & equipment market. The emotional bond
developed between owners and their pets makes them seek a standard and quality
care for the pets. According to Pet Secure, people in the U.S. spend around US$
50 Bn on their pets per annum. According to the journal The Australian, pet
owners in Australia spend on an average US$ 12 Bn per annum on their pets. The
frequency of visits to veterinary clinics for regular check-up of pets has
increased owing to significant rise in per capita spending on pets. This is
likely to generate demand for sophisticated procedures in veterinary dentistry,
which in turn is expected to propel the veterinary dentistry instruments &
equipment market.
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Periodontal
Therapy Equipment & Instrumentation to Witness Consistent Growth
The report
offers detailed segmentation of the global veterinary dentistry instruments
& equipment market. Based on equipment, the market has been classified into
oral examination instrumentation, periodontal therapy equipment &
instrumentation, tooth extraction instruments & equipment, and ancillary
equipment. The periodontal therapy equipment & instrumentation segment is
poised to account for leading share of the global market during the forecast
period from 2018 to 2026. The segment is projected to account for market share
of 30.0% in 2018, owing to technological advancements in dental scaling and
dental imaging techniques. Increase in demand for ultrasonic scalers for
animals that efficiently remove calculus and plaques in case of gums or soft
tissue inflammation is a key factor likely to drive the scaling equipment
sub-segment during the forecast period.
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Equipment Market Report –
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Asia
Pacific to Offer Highest Incremental Opportunity
In terms of
revenue, North America accounted for significant share of the global veterinary
dentistry instruments & equipment market in 2017. Increase in pet
expenditure as pet owners in the U.S. and Canada treat their pets as a family
members propels the veterinary dentistry instruments & equipment market in
North America. Rise in the number of privately-owned veterinary clinics and
increase in adoption of advanced dental imaging techniques by dental
professionals in India and China fuel the growth of the veterinary dentistry
instruments & equipment market in Asia Pacific. Geographical expansion of
international players into this region through distribution and licensing
agreements with local distributors & suppliers is anticipated to augment
the veterinary dentistry instruments & equipment market in Asia Pacific
from 2018 to 2026. Rapidly developing dental industry in Mexico and favorable
international trade for veterinary dentistry equipment in Brazil increase pet
expenditure in Latin America. This is one of the major factors likely to boost
the growth of the market in Latin America from 2018 to 2026.
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Dentistry Instruments & Equipment Market Report –
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Players such as ACTEON Group,
iM3Vet Pty Ltd., and Dentalaire International to Lead the Market
The report
provides profiles of leading players operating in the global veterinary
dentistry instruments & equipment market. These include ACTEON Group,
iM3Vet Pty Ltd., Dentalaire International, MAI Animal Health, TECHNIK
TECHNOLOGY Ltd., Jorgen Kruuse A/S, Dispomed Ltd., Integra LifeSciences
Holdings Corporation, Henry Schein, Inc., and Patterson Companies, Inc.
Expansion of veterinary dentistry instruments & equipment portfolio by
acquiring the business segments of emerging players is a key strategy adopted
by key players.
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