The global veterinary furniture market comprises furniture used in animal hospitals, clinics and diagnostic labs for examination, treatment and recovery of animals. Some key products in the market include surgical tables, examination tables, dental chairs, cold and hot therapy units, instrument tables and kennel stands. The increasing number of veterinary practitioners and growing awareness about animal healthcare is driving the demand for advanced veterinary equipment and furniture solutions.
The Global Veterinary Furniture Market is estimated to be valued at US$ 4.49 Billion in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the global veterinary furniture are TECHNIK Veterinary, David Bailey Furniture, DRE Veterinary, Burtons, Midmark, Lubb, Shor-Line, Vet-Ray, Edemco, Mano Médical, Vetinox, GPC Medical, Everest Tecnovet, Staybrite, Techline, CASCO Pet, KahmaVet, G2 Automated Technologies, National Meditek, VETBOT, and TriStar Vet. Key players are focusing on offering innovative solutions to assist veterinary practitioners.
The growing Veterinary Furniture Market Trends for pet insurance and increasing pet health expenditure presents significant growth opportunities for players in the market. Additionally, development of multi-species examination tables, modular clinic furniture and high-tech surgical tables are key trends in the market.
North America dominated the global market in recent years however Asia Pacific is expected to grow at highest CAGR during the forecast period driven by steady economic growth, increasing pet adoption and rising veterinary infrastructure in the region.
Market drivers
The global veterinary furniture market is expected to witness high growth owing to increasing number of veterinary hospitals and clinics worldwide. Rising pet adoption in both developed and developing countries coupled with growing awareness about animal health is expected to drive the need for advanced veterinary services and associated equipment. Additionally, rapid urbanization, improving healthcare infrastructure and increasing spending on animal welfare will further aid market growth over the coming years.
PEST Analysis
Political: Regulations regarding animal welfare are being made stricter. This pushes veterinary professionals to upgrade to furniture and equipment that ensure safety and comfort of animals during examinations and procedures.
Economic: Growing pet ownership and increased spending on pet care is driving growth in the veterinary industry. This increases demand for high-quality veterinary furniture that enhances practice efficiency.
Social: Pet humanization trend where owners consider pets as family members has increased focus on pet health. This encourages them to take pets for regular checkups and treatments, benefiting veterinary practices and their furniture needs.
Technological: Adoption of digital x-rays, ultrasound and other advanced veterinary tools requires modern furniture integrated with latest technologies. Additionally, rising popularity of telehealth creates need for virtual consultation-enabled furniture.
Geographically, North America holds the largest share in the global veterinary furniture market in terms of value. This can be attributed to regional presence of key market players along with rising pet adoption and expenditure on pet care in countries like the US and copyright.
The Asia Pacific region is anticipated to be the fastest growing market for veterinary furniture during the forecast period. Factors such as increasing awareness about animal health, growing pet population, and rising veterinary healthcare infrastructure in developing nations including India and China are expected to drive the demand in the region.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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