| Report Code: A08434 | Pages: 230 | May 2023 | 1830 Views | ||
| Author(s) : Shubham S , Onkar S | Tables: 127 | Charts: 50 |
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According to the insights of CXOs, increase in demand for veterinary dental equipment and rise in investments for development of veterinary dental equipment globally are expected to offer profitable opportunities for the expansion of the market. In addition, favorable government initiatives toward animal welfare and higher spending for animal dental care have piqued the interest of several companies to develop veterinary dental equipment.Â
CXOs further added that the increase in pet ownership and technological advancements such as digital radiography and laser technology are expected to boost the growth of the market. In addition, the increase in awareness about dental disorders among pets across the globe has resulted in a rise in demand, thus driving the growth of the market. Â
Furthermore, North America is expected to witness the highest growth, in terms of revenue, owing to increase in pet ownership and highly developed veterinary healthcare system. Upsurge in healthcare expenditure in the emerging economies is anticipated to offer lucrative opportunities for the market expansion. However, Asia-Pacific is anticipated to witness notable growth, owing to increase in investments for development of veterinary dental equipment and increase in number of key players manufacturing veterinary dental equipment, which is anticipated to drive the growth of the market during the forecast period.Â
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