The veterinary dental equipment market is projected to reach USD 490 million by 2023 from USD 329 million in 2018, at a CAGR of 8.3% during the forecast period. Growth in the global companion animal population, rising incidence of veterinary dental problems, and growth in the number of veterinary practitioners and income levels in developed economies during the forecast period are the primary drivers for the veterinary dental equipment market during the forecast period.
Dental equipment segment to account for the largest share of the veterinary dental equipment market, by product, in 2018
On the basis of product, the dental equipment segment is expected to account for the largest market share in 2018. The large share of this segment can be attributed to the high cost of dental equipment and the rising income level of veterinarians, resulting in the higher adoption of dental equipment.
Small companion animals to hold the largest share of the veterinary dental equipment market, by animal type, in 2018
Based on animal type, the veterinary dental equipment market is categorized into small companion animals and large animals. The small companion animals segment is expected to account for the largest market share in 2018. The large share of this segment can be attributed to the growing companion animal population, increasing pet care expenditure, and the high prevalence of dental diseases in companion animals.
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