Veterinary Dental Equipment Market: Current Analysis and Forecast (2021-2027)

Report Description

The most recurrent chronic disease faced by animals is periodontal disease. This disease is totally preventable, but if not treated within time, it can create significant complications such as heart disease, liver infection, kidney infection, or stroke. The rising incidences of these conditions in pets will propel the growth of the veterinary dental equipment market. For instance, according to the Wiley Online Library, in September 2020, the primary-care veterinary practices, where a diagnosis of periodontal disease is predominantly based on the visual oral assessment of conscious dogs, reported an average prevalence of 9.3 to 18.2% within the dog population. Also, if detailed examinations were done with anesthetized dogs, it reported a much higher prevalence between 44-100%. Further, the introduction of new technologically advanced veterinary dental products is adding pace to the growth of the veterinary dental equipment market. For example, in March 2019, Planmeca’s new dental operating light with integrated 4K cameras provides exceptional possibilities for communication, consultation, and documentation. CLICK TO DOWNLOAD SAMPLE REPORT

Due to government-imposed lockdowns to prevent the spreading of Covid-19, the global veterinary dental equipment market has seen a decline in the short term. Also, the pandemic was caused due to animals, so it negatively impacted the consumer perception of animal products. Further, the worldwide supply chain stopped operating around the world and potentially reduced the number of veterinary surgeries, thus impacting the market growth. But with rising adoption of pets during the Covid-19 period has again uplifted the veterinary dental equipment market.  For instance, according to the Society for the Prevention of Cruelty to Animals Los Angeles, a nonprofit shelter, adoptions were doubled than their usual rate in late June, with 10 or 13 adoptions per day. Waiting list had formed for certain types of dogs and puppies in general because so few were left in the shelter.

Planmeca, Midmark Corporation, Henry Schein Inc., Eickemeyer, Scil Animal Care, iM3 Inc., Dentalaire, Dispomed, MAI Animal Health, Acteon Group, are some of the prominent players operating in the veterinary dental equipment market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Insights Presented in the Report

“Amongst product, equipment segment holds the major share”

Based on product, the market is bifurcated into equipment, hand instrument, consumables, and adjuvants. The equipment segment grabbed the major market share in 2020. The equipment segment is further divided into dental X-ray systems, dental stations, electrosurgical units, dental lasers, and powered units. The dental X-ray system is anticipated to show significant growth during the forecast period. Further, the growing acceptance of dental X-ray systems by veterinary practitioners is also boosting the growth of this segment.

“Amongst animal type, small companion animal segment is anticipated to grow at the highest CAGR during the analyzed period”

Based on animal type, the market is bifurcated into small companion animals and large animals. The small companion animals segment ruled the market and accounted for the maximum share in 2020 owing to the growing adoption of pets and increasing spending of pet parents on their health-related issues.

“Amongst end-user, veterinary clinics segment holds the major share”

Based on end-user, the market is bifurcated into veterinary hospitals, veterinary clinics, and academic institutes. The veterinary clinic’s segment ruled the market and accounted for the maximum share in 2020 due to their wide range of services, quick availability, and skilled professionals. Further, the growing number of veterinary clinics across the world is anticipated to drive the veterinary dental equipment market over the forecast period.

“North America signifies one of the largest markets of Veterinary Dental Equipment market”

For a better understanding of the market dynamics of the veterinary dental equipment market, a detailed analysis was conducted for different regions across the globe including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), Rest of World. North America constitutes a major market for veterinary dental equipment and generated maximum revenue in 2020 owing to the high government initiatives, robust veterinary care spending, developed awareness programs, rapid acceptance of new analytical techniques, and the presence of skilled veterinary professionals.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry

Customization Options:

The Veterinary Dental Equipment Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Global Veterinary Dental Equipment were the three major steps undertaken to create and analyze the adoption of veterinary dental equipment across major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the veterinary dental equipment sector. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the veterinary dental equipment market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the veterinary dental equipment market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments for major regions. Major segments included in the report are product, animal type, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of the veterinary dental equipment in every region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of veterinary dental equipment. Further, we conducted factor analysis using dependent and independent variables such as the rising number of global companion animal population and the increasing awareness of pet parents about the importance of maintaining pet oral hygiene etc. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the veterinary dental equipment industry.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the veterinary dental equipment market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast by 2027 for different segments and subsegments. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (USD) and the adoption rate of veterinary dental equipment across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the veterinary dental equipment market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the veterinary dental equipment market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, animal type, and end-user of the veterinary dental equipment market.

Main Objective of the Veterinary Dental Equipment Market Study

The current & future market trends of veterinary dental equipment were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of veterinary dental equipment in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of product, animal type, and end-user
• Define and analysis of the regulatory framework for the veterinary dental equipment industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the veterinary dental equipment market for the major region
• Major regions studied in the report include North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of the World
• Company profiles of the veterinary dental equipment market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive country level analysis of the industry