The upcoming Global veterinary infusion pumps market trends 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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Regional Analysis
Geographically, the Americas is expected to dominate the global veterinary infusion pumps market owing to the presence of well-established players, increasing demand for pet insurance and increasing animal healthcare expenditure, rising demand for animal-derived food products, growth in the number of veterinary practitioners and their income levels, and increasing prevalence of animal diseases. Europe is expected to hold the second largest position in the global veterinary infusion pumps market. Asia-Pacific is expected to be the fastest growing market owing to the increasing prevalence of animal diseases. Furthermore, the Middle East and Africa region is expected to account for the least market share in the global veterinary infusion pumps market.
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 veterinary infusion pumps market in 2017.
Based on end user, veterinary infusion pumps market is segmented into veterinary hospitals, veterinary clinics, and others. The veterinary hospitals segment expected to account for the largest share segment of the veterinary infusion pumps market in 2017.
Key Players
Some of the prominent players in the global veterinary infusion pumps market are Vetland Medical Sales & Services LLC (US), Jørgen Kruuse A/S (Denmark), Heska Corporation (US), B. Braun Melsungen AG (Germany), Burtons Medical Equipment Ltd (UK), Q Core Medical Ltd (Israel), DRE Veterinary (US), SAI Infusion Technologies (US), Grady Medical Systems (US), and Leading Edge Veterinary Equipment, Inc. (US).
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