Veterinary Ophthalmic Equipment Market is estimated to reach a valuation of US$ 785 Mn by the end of 2030

Demand for veterinary care has exponentially increased in recent times, due to which, demand for veterinaries and clinics has also increased. People spend more on veterinary services than on medicines. Since the advent of the Internet, knowledge sharing has helped people realize the importance of regular checkups for animals. Moreover, veterinary medical device manufacturers are emphasizing on collaborative manufacturing with regional manufacturing presence to grab a greater share in high potential untapped regions in the veterinary ophthalmic equipment market.

Moreover, growing veterinary healthcare spending and R&D investments, and increasing production of veterinary medical devices are some of the factors propelling the growth of the veterinary ophthalmic equipment market. For instance, in 2016, animal health manufacturers invested around US$ 46 Bn, whereas, non-IP-intensive industries invested around US$ 3.9 Bn in R&D. Workers in the animal health industry earned nearly 25% premium. The export per worker in the animal health industry is around two times that of the non-IP-intensive industry.

As per Fact.MR, the global veterinary ophthalmic equipment market is estimated to reach a valuation of US$ 785 Mn by the end of 2030.

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In-depth Analysis on Competitive Landscape

Icare Finland Oy, AMETEK, Inc. (Reichert, Inc.), HAAG-STREIT GROUP, and Nanjing Redsun Optical Co., Ltd. contributed a higher market value share in the global veterinary ophthalmic equipment market. Veterinary ophthalmic equipment manufacturers are focusing on expansion of product portfolios. For instance, in April 2019, Revenio Group acquired centerVeu to strengthen its position as a global market leader in devices for diagnostics and monitoring of eyes. Manufacturers are also focusing on partnerships and agreements with other manufacturers to expand product sales. For instance, in April 2019, LKC Technologies announced Brazilian Health Regulatory Agency Approval for the RETeval® Device and Associated Sensor Strip Electrodes, which is another step in making functional diagnostics accessible to all clinicians, leading to faster diagnosis of complex eye diseases.

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Medical Waste Containers Segmentations:

Product

• Diagnostic Devices
  • Tonometers
    • Applanation Tonometers
    • Rebound Tonometers
  • Fundus Cameras
  • Portable ERG Devices
  • Ophthalmoscopes
  • Slit Lamps
• Surgical Equipment and Disposables
  • Operating Microscopes
  • Phacoemulsification Devices
  • Opthalmic Surgical Instruments
  • Bandage Contact Lenses
  • Viscoelastics
  • Intraocular Lenses

End User

• Veterinary Medical Centers and Collages
• Veterinary Hospitals
• Veterinary Clinics
  • Small Animal Clinics
  • Large Animal Clinics
  • Exotic Animal Clinics

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa

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