The Veterinary Injectable Devices Market is expected to grow at a 2.3% CAGR from 2022 to 2032. Over this forecast period, the veterinary injectable devices market share is expected to increase to a net worth of US$ Billion, up from the current valuation of US$ 856.2 Million in 2022.
Veterinary Injectable Devices Market: Drivers and Restraints
Increasing prevalence of various diseases among animals is driving the growth of veterinary injectable devices market. Companion animals have become a part of people’s life and healthcare expenditure on these animals have increases. Increased healthcare expenditure to keep the companion animal healthy is driving the growth of injectable devices market. Increasing regulatory approval of injectable drugs for animal health is also boosting veterinary injectable devices market.
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Veterinary Injectable Devices Market Overview
Animals have always been a part of human life and they still play an important role in human life. It is important to keep the animals healthy. If animals are not healthy diseases can spread to humans also. Generally, drugs are administered to animals using injections. As injection are easy to be given to animals as compared to oral route and also this route of administration shows rapid action.
Veterinary Injectable Devices Market: Overview
Veterinary injectable devices market is expected to show significant growth over the forecast period. Increasing prevalence of various disease among animals and healthcare expenditure are factors which are driving the growth of veterinary injectable devices. Poultry and farm animals are always a higher risk of getting disease as compared to companion animals. If a spread among farm animals or poultry it can be life threatening for all the animals as well as for humans also. Death of farm animals and poultry will lead to financial loses.
So vaccination is done among farm animals to prevent them from disease and which will lead to increased sales of veterinary injectable devices. Syringes and needles are the highest revenue generating segments of veterinary injectable devices and are expected to be continuing to dominate the veterinary injectable devices market over the forecast period. Market of needle free veterinary injectable system is increasing and expected to show significant growth over the forecast period. Plastic is the material of choice for the veterinary injectable devices as it is used for manufacturing of disposable injectable devices. Plastic segment is expected to keep dominating the veterinary injectable devices market due to low price and increased used of disposable injections.
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Veterinary Injectable Devices Market: Region Wise Outlook
Geographically, the global veterinary injectable devices market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan and Middle East & Africa. North America is most attractive and highest revenue generating veterinary injectable devices market due to better veterinary healthcare facilities and increased expenditure on companion animals. North America is one of the biggest meat consuming market and there are strict laws regarding this that meat should be from healthy anima. Asia Pacific is expected to be fastest growing veterinary injectable devices market over the forecast period due to increasing animal healthcare infrastructure and presence of large no of farm animals and big poultry businesses.
Veterinary Injectable Devices Market: Key Players
Some of the market participants in the global veterinary injectable devices market are Hamilton Company, Neogen Corporation, Micrel Medical Devices SA, Serumwerk Bernburg AG, PBS Animal Health, Medtronic Public Limited Company and Allflex USA, Inc. Major focus of these companies is on development of disposable and needle free syringes.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and grades.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Historical Actual Market Size, 2012 – 2016
- Market Size & Forecast 2017 to 2027
- Supply & Demand Value Chain
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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Regional analysis for Market includes
- North America
- Latin America
- Europe
- Asia Pacific & Japan
- The Middle East and Africa
Veterinary Injectable Devices Market: Segmentation
The global veterinary injectable devices market can be segmented on the basis of product type, material type, end user and geography.
On the basis of product type the global veterinary injectable devices market can be segmented into:
- Syringes
- Needles
- Needle Free Injection System
- Others
On the basis of material type the global veterinary injectable devices market can be segmented into:
- Plastic
- Glass
- Metals
On the basis of end user the global veterinary injectable devices market can be segmented into:
- Veterinary Hospitals
- Veterinary Clinics
- Animal Research Institutes
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