R&M: Veterinary dental equipment market to reach $500M globally in 5 years
by Katie Pfaff
The worldwide veterinary dental equipment market is forecast to reach $500 million in 2026, according to analytics company, Research, and Markets. The increase from the 2021 value of $334 marks a growth rate of 8.4% CAGR over the five-year period.
The uptick is tied to an increase in companion animal ownership worldwide as well as an increase in veterinary care providers. At the same time, dental problems in companion animals are on the rise. Growth in the global veterinary dental equipment market will be limited based on the high cost of care for most pet owners and their lack of awareness of dental issues in pets. Growth in emerging markets will also be stymied by a lack of qualified veterinary personnel.
In the report on the market, forecasts suggest that dental x-ray equipment will make up the largest segment share during the period ending 2026. Companion animals will make up the population driving growth based on an increased number of pets, a high rate of dental disease, and increasing willingness to pay for care.
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