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The Veterinary Monitoring Equipment (EMV) Market is expected to grow from USD 9.13 Billion in 2018 to USD 12.19 Billion by 2020, at a CAGR of 4.4% between 2018 and 2025 undefined. The article discusses the outlook for the Veterinary Surveillance Equipment market. Just as the number of species in the world continues to grow and evolve, so do the needs of pet owners. Some may only have one cat or dog to care for each day, but many more people have multiple pets that require individual attention. There is a growing need for better monitoring technology to track the health and well-being of these people.
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Veterinary Surveillance Equipment Market Overview
This report includes revenue forecasts by applications and regions. It also shares the veterinary surveillance equipment market in North America, Europe, Asia-Pacific, South America, Middle East and Africa during the period 2014-2022. Veterinary monitoring equipment is used in several ways. One way to use it is to monitor animal movements with a harness and tags that can read, process and transmit information. Some products monitor animal health and performance.
Veterinary Surveillance Equipment Market Size
The global veterinary surveillance equipment market size is expected to reach US$ 1,948.6 million by 2024, growing at a CAGR of 4.5% from 2017-2024. The growth of this veterinary surveillance equipment market is attributed to the growing demand for animal health care in emerging economies. , an increased emphasis on preventive animal health care, the increasing use of robotic technology in animal production, and various innovative technologies in animal health management.
Veterinary Surveillance Equipment Market Share by Product Type
The market trend in the veterinary industry is expected to be stable globally. As a result, the market is expected to reach a value of $1.14 billion by the end of 2025.
Veterinary Surveillance Equipment Market Share by End-Use Sector
The global veterinary surveillance equipment market is expected to reach US$5.5 billion by 2021. The market is characterized by high growth rates and increasing demand for data collection technologies to support food production, animal husbandry and health services.
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Veterinary Surveillance Equipment Market Trends
The global veterinary surveillance equipment market is expected to reach USD 3,199.00 million by 2020 growing at a CAGR of 7.3% from 2015 to 2020. The growth of the veterinary surveillance equipment market can be attributed to the growing demand animal care and welfare, public awareness of animal health and safety issues and high adoption rates in developed countries like North America and Europe.
Veterinary Surveillance Equipment Market Forecast 2019 to 2025
The market report provides an in-depth analysis of the market with information on different segments and sub-segments, market value and volume, and growth rate.
The global veterinary surveillance equipment market is expected to reach approximately USD 1.57 billion by 2025, from USD 562 million in 2018, at a CAGR of 12.3% from 2019 to 2025.