Market growth influenced due to following factors-
- Growth in the global companion animal population.
- Rising incidence of veterinary dental problems.
- Growth in the number of veterinary practitioners and income levels in developed economies.
Global market size-
According to market research report Veterinary Dental Equipment Market is projected to reach $490 million by 2023, at a CAGR of 8.3% during the forecast period.
Leading Players-
The prominent players in the Veterinary Dental Equipment Market are iM3 (Australia), Dentalaire Products International (US), Henry Schein, Inc. (US), Midmark Corporation (US), Dispomed (Canada), MAI Animal Health (US), Integra LifeSciences Corporation (US), Acteon Group (UK), TECHNIK Veterinary Ltd (UK), Cislak manufacturing (US), Eickemeyer (Germany), and J&J Instruments Inc. (US).
iM3 is the leading player in the veterinary dental equipment market. iM3 is a family owned veterinary (exclusive) dental company, which was established in Sydney, Australia over two decades ago. The company is considered a pioneer in the market that focuses on product innovation and industry firsts. From its three locations in Sydney (Australia), Vancouver WA (US), and County Meath (Ireland), iM3 supplies high-quality, affordable veterinary dental products across the world. The company designs, develops, and manufactures dental machines, instruments, X-rays systems, and dental consumables. Moreover, it also provides a wide range of educational material for the dental veterinary community.
Top Market Segments-
On the basis of product, the Veterinary Dental Equipment Market is segmented into equipment, hand instruments, consumables, and adjuvants. The dental equipment segment is expected to account for the largest share of the Veterinary Dentistry Equipment Market in 2018. The high cost of dental equipment and the rising income level of veterinarians, resulting in the higher adoption of dental equipment, are major factors responsible for the large share of this segment.
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Geographic Overview -
North America is expected to account for the largest share of the Veterinary Dental Instruments Market in 2018, followed by Europe and the Asia Pacific. The growing number of veterinary practices, increasing number of companion animals, and rising companion animal healthcare expenditure are some of the key factors driving the growth of the Veterinary Dentistry Equipment Market in North America.