The North America Patient (Veterinary) Monitoring Devices Market to Expand with Notable CAGR of 4.5% between 2018 and 2025

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The North America Patient (Veterinary) Monitoring Devices Market to Expand with Notable CAGR of 4.5% between 2018 and 2025

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The technological advancements and serial assessment for increased precision have not only led to better treatments but also faster and more accurate diagnosis as there are many new technologies that are giving veterinarians greater ability to diagnose and ultimately save ill animals. The increasing use of patient monitoring devices in chronic disease management and careful monitoring during the recovery period to ensure the animal’s safety and comfort is expected to increase the value of the veterinary monitoring devices in upcoming years. Further, the non-requirement of pre-market approval for veterinary monitoring devices and exemption from the post-marketing reporting is anticipated to increase the demand for veterinary patient monitoring devices in upcoming years.

The North America patient (veterinary) monitoring devices market accounted for USD 115.38 Million in 2013. Further, the market size of the North America veterinary monitoring devices is predicted to reach USD 189.22 Million by the end of 2025, by growing at a CAGR of 4.5% over the forecast period 2018-2025. In North America, the U.S. market for patient (veterinary) monitoring devices held the largest market during 2013 and is believed to cross 85% of the total market share by the end of 2025.

The North America patient (veterinary) monitoring devices market is segmented by product type, animal, configuration, type and by end-user, out of which, the configuration segment is divided into portable, implantable and modular & compact segments. The modular & compact segment held more than half of the total market share during 2013 and is expected to achieve Y-o-Y growth rate of 4.8% in 2025. Further, the portable segment is believed to grow remarkably over the forecast period by expanding at a CAGR of 5.0% owing to the robust increase in the demand for portable veterinary patient monitoring devices due to their light weight and their ease in moving.

The Report titled “North America Patient (Veterinary) Monitoring Devices Market Outlook: Industry Analysis & Opportunity Evaluation 2013-2025” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.

This report also studies existing competitive scenario of some of the key players of the North America patient (veterinary) monitoring devices market which includes profiling of Smith’s Medical, Bionet America Inc., Mindray, Welch Allyn, Midmark, Abaxis, Digicare Biomedical, DRE Veterinary Equipment, Grady Medical and HiggsB Medical.

The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “North America Patient (Veterinary) Monitoring Devices Market Outlook 2025”, analyses the overall patient (veterinary) monitoring devices market in North America to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the North America patient (veterinary) monitoring devices market in the near future.To know more about this research    

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