The global veterinary dental equipment market size is expected to reach USD 580.1 million by 2026, according to a new report by Grand View Research, Inc., exhibiting a 7.7% CAGR during the forecast period. Growing incidence of periodontal diseases in pets is expected to drive growth over the forecast period. Moreover, increasing companion ownership in developing economies is propelling the market. According to a 2017 American Veterinary Medical Association report, around 46% of U.S. households had various types of pets.
Technological advancements and new product launches by key industry players are anticipated to create growth opportunities. For instance, introduction of mobile x-ray units for diagnosis in intensive care units and increase in number of shelters for homeless animals are likely to drive the market for dental x-ray systems over the coming years. Moreover, increase in disposable income and awareness among pet owners regarding their pet’s health is fueling growth.
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Further key findings from the study suggest:
On the basis of products, equipment held the major share in 2018, owing to a broader usage aspect and advantages of newer products
Dental x-ray systems held the largest share within the equipment segment as of 2018, owing to advantages over oral examination such as increased accuracy
By animal type, small animals are expected to show the fastest growth over the coming years. This is due to increasing expenditure on the healthcare of companion animals and untapped opportunities in developing economies
Hospitals & clinics acquired the major revenue share in 2018, as an end-use segment, and is expected to grow at the fastest CAGR
The Asia Pacific is expected to emerge as the fastest-growing region in the veterinary dental equipment market. The U.S. currently has the highest number of companies, which has contributed to the large share held by North America
Im3 Pty Ltd, Henry Schein, Dentalaire, Midmark Corporation, Dispomed are some of the major players.
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