Global veterinary infusion pumps market is expected to grow significantly over the forecast period. It is anticipated that the market held value of USD 85.9 million in 2017 and is projected to grow at a CAGR of 4.9% over the forecast period.
The factors such as growing demand for pet insurance and increasing animal healthcare expenditure, rising demand for animal-derived food products, and growth in the number of veterinary practitioners and their income levels are expected to propel the growth of the market. However, increasing animal care costs hamper the market growth over the forecast period.
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Segmentation
The global veterinary infusion pumps market has been segmented into type, end user, and region.
Based on type, veterinary infusion pumps market is segmented into syringe infusion pump and large-volume infusion pump. The large-volume infusion pump segment is expected to account for the largest share segment of the market in 2017.
Based on end user, veterinary infusion pumps market is segmented into veterinary hospitals, veterinary clinics, and others. The veterinary hospitals segment is expected to account for the largest share segment of the market in 2017.
The veterinary infusion pumps market segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The veterinary infusion pumps market in the Americas further segmented into North America and Latin America, with the North American market divided into the US and Canada.
The European veterinary infusion pumps market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The veterinary infusion pumps market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific.
The veterinary infusion pumps market in the Middle East & Africa segmented into the Middle East and Africa.
Regional Market Summary
Geographically, the Americas is anticipated to dominate the global veterinary infusion pumps market owing to a well-established player, growing demand for pet insurance and increasing animal healthcare expenditure, rising demand for animal-derived food products, and growth in the number of veterinary practitioners and their income level.
Europe is expected to hold the second largest position in the global veterinary infusion pumps market. The market growth in this region is attributed to growing adoption of companion animals and increasing prevalence of animal diseases.
The veterinary infusion pumps market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be fastest growing region.
The Middle East & Africa has the least share of the veterinary infusion pumps market.
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