Veterinary Telemetry Systems Market: Regional Analysis and Market Segmentation

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Veterinary Telemetry Systems Market
Technological Advancements and Product Development
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• Industry Insights

• Global Veterinary Telemetry Systems Market size
  is anticipated to expand considerably through
  2032, owing to recent innovations in veterinary
  healthcare technologies.
• In fact, many market leaders such as Medtronic
  plc, Digicare Biomedical, and others are focusing
  on developing veterinary telemetry systems with
  advanced capabilities, which will positively
  impact the industry landscape over the coming
  years.
• Moreover, growing investments by governments in
  developed and developing economies in animal
  health will further contribute to industry
  growth.
• For instance, in September 2021, the USDA
  announced an investment of more than USD 3
  billion in agriculture, animal health, and
  nutrition.

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• Anesthesia monitors segment size is poised to
  amass significant gains through 2032. Anesthesia
  monitors are used for tracking vital signs in
  animals regularly to achieve the optimal impact
  of anesthesia. In veterinary medicine, anesthetic
  deaths can occur in older, overweight, and sick
  patients.
• Growing risks related to anesthesia in animals
  have increased the demand for anesthesia
  monitors. Increasing efforts by industry players
  towards developing anesthesia monitors with
  improved capabilities are further expected to
  favor segment growth.
• Based on animal, the small animals segment held
  over 57 share of the veterinary telemetry
  systems market in 2022. Growing number of
  companion animals is working in favor of segment
  growth.
• As per 2021 European Pet Food Federation (FEDIAF)
  data, nearly 90 million European homes owned
  companion animals, leading to over 20 billion
  (USD 21 billion) worth of pet products and
  services that year.
• The rising pet population will therefore
  complement market growth through 2032.

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• Regional Analysis

• Asia Pacific veterinary telemetry systems
  industry share is anticipated to grow at over 8
  CAGR from 2023 to 2032. Growing pet adoption has
  increased the demand for veterinary telemetry
  systems across the region. Moreover, a surge in
  the number of veterinary clinics with skilled
  healthcare professionals attributed to the
  growing pet care industry is also contributing to
  regional expansion.

• Competitive Analysis

• Medtronic plc, DRE Medical, Inc. (Avante Health
  Solutions), Nonin, Shenzhen Mindray Animal
  Medical Technology Co., Ltd., Masimo Corporation,
  Digicare Biomedical, Dextronix, Midmark Corp.,
  Smiths Medical (ICU Medical, Inc.)

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