(EMAILWIRE.COM, January 25, 2019 ) Rising animal health expenditure and the growing demand for pet insurance, the increasing number of veterinary practitioners in developed regions, and growth in the companion animals market are the primary drivers for the global veterinary equipment and disposables ( veterinary medical equipment )market during the forecast period.

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By type, the critical care consumables segment is expected to account for the largest share of the veterinary equipment and disposables market in 2018.

On the basis of type, the critical care consumables segment accounted for the largest share of the global Veterinary supplies Market. The large share of consumables can be attributed to the large number of consumables required and consumed in almost every veterinary care process, as opposed to the one-time cost of capital equipment.

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Geographical Analysis For Veterinary Equipment and Disposables Market:

North America will dominate the market in 2023.

North America is estimated to hold the largest share of the veterinary equipment and disposables market during the forecast period, followed by Europe and the Asia Pacific. Factors such as the increasing number of companion animals, rising companion animal healthcare expenditure, rise in the number of livestock animals in North America (primarily due to the increasing consumption of meat and dairy products), and growth in the pet insurance market are responsible for the region’s large share in the global veterinary equipment and disposables market.

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The Key players in the veterinary equipment and disposables (veterinary medical equipment) market:

Mindray Medical International Limited (China), Smiths Group plc (UK), Nonin Medical (US), Digicare Biomedical Technology, Inc. (US), B. Braun Melsungen AG (Germany), Henry Schein (US), Vetland Medical Sales and Services, LLC (US), Hallowell Engineering & Manufacturing Corporation (US), Infiniti Medical, LLC (US), DRE Veterinary (US), and Midmark Corporation (US).