Veterinary Dental Equipment Market Analysis and Forecast till 2031: By Product (Equipment {Dental X-Ray Systems, Electrosurgical Units, Dental Stations, Dental Lasers, Powered Units}, Hand Instruments {Dental Elevators, Dental Probes, Extraction Forceps, Curettes and Scalers, Retractors, Dental Luxators}, Consumables {Dental Supplies, Prophy Products}, Adjuvants), Animal Type (Small Companion, Large Animal), End-use (Veterinary Hospitals, Veterinary Clinics, Academic Institute) and Region
The global veterinary dental equipment market was valued at USD 280.4 million in 2021 and it is anticipated to grow up to USD 586.5 million by 2031, at a CAGR of 7.7% during the forecast period.
Veterinary dentistry is the dental care provided to animals. It is the science and art of diagnosing, preventing, and treating diseases and disorders of the oral cavity's maxillofacial region. It is used in the fields of endodontics, maxillofacial surgery, orthodontics, oral medicine, periodontics, pedodontics, and prosthodontics. Veterinary dentistry treats malocclusions, jaw fractures, oral cancer, stomatitis, and periodontal diseases in both animals and humans. The most common application of veterinary dentistry is to treat periodontal diseases in cats and dogs
Market Trends and Drivers
Globally, the total number of companion animals and the adoption rate have both increased significantly. According to the American Pet Products Association's (APPA) National Pet Owners Survey (2019-2020), approximately 67 percent of US households, or approximately 84.9 million families, owned a pet. In 2018, approximately 63.4 million households had dogs, 42.7 million had cats, and 1.6 million had horses in the United States. The growing pet population is expected to fuel demand for pet care products and services, supporting the growth of veterinary dental equipment market.
Market Restraints and Challenges
Lack of animal healthcare awareness in developing markets may restrain the market growth. Large companion and farm animal populations exist in emerging economies such as India, China, Brazil, and some Southeast Asian countries. However, when compared to developed countries in North America and Europe, these countries spend less on animal health. This is primarily due to a lack of awareness on the part of pet owners and veterinarians. Furthermore, in these countries, animal health expenditure in the farm animal segment is solely focused on therapeutic treatment. In these countries, veterinary dentistry is not widely used in large-animal practices. Hence, such factors restraining the market growth.
Global Veterinary Dental Equipment Market Segmental Overview
The report analyses the Global Veterinary Dental Equipment Market based on product, animal type, end use, and region.
Global Veterinary Dental Equipment Market by Product
Based on animal type, it is segmented into small companion and large animal. The small companions segment is likely to dominate the market during the forecast period. The largest share of the segment is attributed to the rising prevalence of periodontal diseases in pets is one of the major factors driving the expansion of this market segment. Periodontal diseases affect more than 70% of adult cats and 90% of adult dogs, according to the American Veterinary Medical Association (AVMA). Early detection and treatment are important as they aid to prevent conditions from progressing and causing pain or chronic health issues will propel the market growth.
Global Veterinary Dental Equipment Market by End-use
Based on end-use, it is segmented into veterinary hospitals, veterinary clinics, and academic institute. The veterinary clinic segment is likely to dominate the veterinary dental equipment market during the forecast period. Animal clinics are the first point of contact for pet owners. As a result, dental instruments in clinics are essential. Clinics are typically outfitted with a wide range of instruments, from small-sized dental hand instruments for equine and companion animals to dental X-ray systems for pets. As a result, they can support a wide range of clinical specialties are boosting the growth of the market.
Geographical Analysis of Global Veterinary Dental Equipment Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is accounted for the majority of market share during the forecast period. Some of the key factors driving the growth of the veterinary dental equipment market in North America include an increase in the number of veterinary practises, an increase in the number of companion animals, and an increase in companion animal healthcare expenditure.
Major Players in the Global Veterinary Dental Equipment MarketCOVID-19 Impact
A worldwide emergency has been caused by the COVID-19 pandemic. The COVID-19 outbreak originated in a meat market in Wuhan (China), and it has had a negative impact on the consumption of animal-derived food products. Furthermore, due to high workloads and shifting priorities related to COVID-19, major market players efforts may be undermined. This is expected to have a negative impact on consumer perception of animal products. Moreover, trade barriers in various regions are expected to stifle market growth. In response to COVID-19, many veterinary dental associations around the world recommended that veterinary dental practises postpone elective procedures and only perform emergency procedures. As a result of the pandemic, there were widespread temporary closures of veterinary dental practises around the world, except to perform emergency procedures. Most veterinary dental practises have reopened; however, overall animal visit volume remains below pre-COVID-19 levels. As veterinary dental practises reopened, dental associations recommended improved safety, disinfection, and social distancing protocols. These measures may remain in place for an extended period of time in certain regions, causing restraining the market growth.
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