Veterinary Injectable Devices Market Trends & Growth Forecast 2028
Research Nester published a report titled “Veterinary Injectable Devices Market – Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the veterinary injectable devices market in terms of market segmentation by device type, material, end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
Veterinary injectable devices help to inject correct dose of medicine to animals by avoiding many application errors which are associated with the use of dips, pour-on, sprays, drenches, and others. It also avoids the challenges of administering oral medication to a non-willing animal. The global veterinary injectable device market is estimated to record a notable CAGR over the forecast period, i.e., 2021-2028. Factors such as the growing concern for the increasing number of animal deaths which is raising the need for advanced vet care is anticipated to promote towards the growth of the global veterinary injectable devices market. Moreover, it is estimated that around 20% of the animals are lost to preventable diseases each year. As a result, it is a great challenge for farmers, veterinarians and animal medicine providers to prevent the animals against diseases. Veterinary injectable devices help the healthcare practitioners to easily inject the medication in the animal body. The numerous benefits associated with veterinary injectable devices is further anticipated to contribute to the growth of the market in the coming years.
The veterinary injectable devices market is segmented by end user into animal research institutes & labs, veterinary hospitals, pet clinics, veterinary pharmacies and others, out of which, the veterinary hospitals segment is estimated to account for a significant market share over the forecast period. This growth can be attributed to the availability of emergency care and reliable caretakers that are present in the hospital and for having the access to sufficient medical equipment as well as animal care expertise.
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Regionally, veterinary injectable devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is predicted to register the leading share in veterinary injectable devices market. This growth can be attributed to the growing adoption of pets among the pet owners and the increasing expenditure for pet care, along with the presence of advanced veterinary healthcare facilities in the region. The National Institutes of Health of the U.S. Department of Health and Human Services, stated in one of its statistics that in the United States, around 68% of household owns a pet. On the other hand, the market in Asia-Pacific is estimated to grow at a significant rate over the forecast period on the back of presence of a large number of farm animals and livestock. Moreover, with an increase in the population in the region, the demand for dairy and meat products is also anticipated to grow significantly, and in turn promote the market growth in the region over the coming years.
Increase in Consumption of Dairy and Meat Products Worldwide to Drive the Market Growth
The Food and Agriculture Organization (FAO) of the United Nations, in one of its statistics stated that in the developed countries, it is anticipated that livestock supports the livelihood of at least 1.3 billion people worldwide and contributes to about 40% of the total agricultural output.
The consumption of dairy products provides nutrients such as calcium, vitamin D, potassium, protein, and others that are vital for health and maintenance of our body. Consumption of meat and meat products, on the other hand, increases the metabolic rate of our body, reduces hunger, and helps to build the muscle mass of the body. On account of these health benefits provided by dairy and meat products, the farming of animals that are the sources of meat, is estimated to increase, which would also raise the focus for their care and maintenance from the veterinary practitioners. Such a factor is anticipated to drive the growth of the global veterinary injectable devices market.
However, injectable devices can cause adverse reactions such as inflammation, pain, itching and prolonged time for hair regrowth over the injection site, and can also have the risks of transmitting infectious microorganisms from the site where injection is being pushed. This factor is estimated to hamper the growth of veterinary injectable devices market over the coming years.
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This report also provides the existing competitive scenario of some of the key players of the global veterinary injectable devices market which includes company profiling of Boehringer Ingelheim, Henke-Sass, Wolf GmbH, TeleDart USA, H.Hauptner Und Richard Herberholz GmbH & Co. KG, Schippers Export BV, Akra Dermojet, Allflex Livestock Intelligence (SCR Engineers Ltd.), Terumo Medical Corporation (TYO: 4543) and Neogen Corporation (NASDAQ: NEOG). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global veterinary injectable devices market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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