Latest
industry research report on: Global Veterinary
Examination Tables Market
: Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, Forecasts
Veterinary care or animal care
has experienced increased demand in the past few years. Animal
health, especially farm animals has gained key focus after human
invasion of animal viruses. Increased food safety and related
government policies have fueled veterinary healthcare market
globally. In addition, there is also a surge in regular check up of
pets in the developed countries. According to American Veterinary
Medical Association, in 2012, over 36% households owned dogs while
30% owned cats in the U.S. To meet these demands, it is expected that
there would be an increase in veterinary practitioners.
Global veterinary examination
tables market is anticipated to grow at a faster rate owing to
worldwide increasing number of veterinary clinics. Various types of
veterinary examination tables are available in the market which
includes wall-mount, pedestal base exam table, fold-up exam table,
hydraulic lift table and electric lift table. Wall-mount and fold-up
examination tables are beneficial to manage clinic space. They
provide flexibility and also avoid any accidents caused by animals.
The market for veterinary examination tables has a wide product
portfolio, thus providing most suitable options to veterinary
doctors. Fragmented market with low product differentiation and easy
availability of raw materials has reduced the barriers to entry.
Currently the market is dominated by large number of local layers. In
spite of such lucrative opportunities in the future, the market would
suffer from low profit margins due to constant increasing
competition. Low volume sales and numerous options to choose from,
makes the market even competitive.
North
America leads the veterinary examination tables market. According to
statistics published by American Pet Products Association (APPA),
total United States pet industry expenditure increased from USD 32
billion in 2003 to over USD 55 billion in 2013. Of the total
expenditure in 2013, approximately USD 27 billion was spent on
supplies, OTC medicines and vet care. Another contributing factor is
regular annual check-ups due to increasing awareness about animal
diseases and their threat to human health. International Federation
for Animal Health Europe published data suggesting that Europe’s
animal health industry in 2012 was over 3% of the European human
pharmaceutical industry. The data also mentions that in the EU there
are more than 200 million pets of which 66 million are cats while 60
million are dogs. Thus a huge market opportunity exists for
veterinary examination tables in these regions. Asia Pacific is
expected to witness faster growth rate owing to changing life style
and growing per capita income. Rising disposable income and
increasing fear of acquiring animal diseases has also added to the
market surge. A survey conducted in 2012, by the Pet Food Institute
of Japan, reveals that over 25% of domestic households have a pet cat
or dog. Various publications suggest that the pet industry in Japan
is on the rise and has created lucrative opportunities for global
veterinary medical care providers. Being the second largest
healthcare market globally, Japan has been on the main focus for
veterinary care market.
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Some of the key players in the
global veterinary examination table market include Paragon Medical
Supply, Inc., DRE Medical, Inc., VSSI, Inc., Olympic Veterinary,
Midmark Corp., Alvo Medical, Shor-Line, Technik Technology, McDonald
Veterinary Equipment and Diagnostic Imaging Systems.
This research report analyzes
this market on the basis of its market segments, major geographies,
and current market trends. This report provides comprehensive
analysis of
Market growth drivers
Factors limiting market
growth
Current market trends
Market structure
Market projections for
upcoming years
This report is a complete study
of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It
includes analysis of recent developments in technology, Porter’s
five force model analysis and detailed profiles of top industry
players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with
detailed value chain analysis.
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market growth
It provides a six-year
forecast assessed on the basis of how the market is predicted to grow
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the key product segments and their future
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making in-depth analysis of market segments
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graphics and exemplified SWOT analysis of major market segments
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