Veterinary Telemetry Systems Market to Grow with a CAGR of 5.17% through 2028
Rising growth in companion animal ownership and expansion of
livestock and poultry farming are factors driving the global Veterinary
Telemetry Systems market in the forecast period 2024-2028.
According to TechSci Research report, “Veterinary
Telemetry Systems Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global Veterinary
Telemetry Systems Market stood at USD 264.35 million in 2022 and is anticipated
to grow with a CAGR of 5.17% in the forecast period, 2024-2028. The global veterinary telemetry systems market has witnessed significant
growth in recent years, driven by various factors that are reshaping the
landscape of animal healthcare. As technology continues to advance, the demand
for innovative solutions to monitor and care for animals has surged. Veterinary
telemetry systems, which involve the use of wireless communication and monitoring
devices, have emerged as a crucial component in ensuring the well-being of
animals in various settings, from farms and zoos to research laboratories and
pet clinics. One of the primary drivers of the
veterinary telemetry systems market is the growing awareness and concern for
animal welfare. As societies become more conscious of the ethical treatment of
animals, the demand for monitoring systems that can provide real-time data on
an animal's health and behavior has increased. Telemetry systems allow veterinarians
and animal caregivers to closely monitor animals' vital signs, ensuring prompt
medical intervention when needed.
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Veterinary Telemetry Systems Market”
Advancements in technology have had a profound
impact on the veterinary telemetry systems market. Miniaturization, improved
battery life, and enhanced data processing capabilities have made telemetry
devices more accessible and efficient. These advancements have enabled the
development of lightweight, wearable devices that can be easily attached to
animals, offering non-invasive and continuous monitoring.
The increasing number of companion
animals, including dogs, cats, and exotic pets, has stimulated the demand for
veterinary telemetry systems. Pet owners are becoming more proactive in
monitoring their pets' health, and telemetry devices provide a way to track
vital signs, activity levels, and even location in real time. This trend has
led to the development of consumer-oriented telemetry systems designed for pet
owners.
The livestock and poultry industry has
experienced significant growth due to the rising global demand for meat and
dairy products. Veterinary telemetry systems are increasingly being used in
these industries to monitor the health and productivity of animals. Farmers use
telemetry devices to track parameters such as temperature, heart rate, and
feeding patterns, enabling early detection of diseases and improving overall
herd management.
The use of telemetry systems is not
limited to domesticated animals. Researchers and wildlife conservationists
employ telemetry devices to study and protect endangered species and monitor
animal behavior in their natural habitats. These systems have been instrumental
in collecting valuable data for scientific research and conservation efforts,
thereby driving market growth.
The Global Veterinary Telemetry Systems Market is
segmented into animal type, product, mobility, application, end use, region and company
Based on Application, the Respiratory segment has
emerged as the predominant market leader. Respiratory monitoring is crucial in
veterinary care as it plays a significant role in detecting early signs of
diseases and assessing the overall health of animals. Changes in respiration
rate, pattern, or effort can signal underlying health issues. Respiratory
monitoring is applicable across a wide range of animals, from small pets like
dogs and cats to large livestock like cows and horses. This broad applicability
increases the market size for veterinary telemetry systems in the respiratory
segment. Respiratory monitoring is particularly essential in critical care units
and during surgical procedures. It allows veterinarians to monitor an animal's
response to anesthesia and assess post-operative recovery.
Based on region, North America segment is expected to
grow during the forecast period. In recent years, there has been a
significant increase in awareness about animal health and welfare in North
America. Pet owners, livestock producers, and conservationists alike are
increasingly recognizing the importance of monitoring and maintaining the
health of animals. This growing awareness has led to greater investment in
veterinary telemetry systems to ensure the well-being of animals in various
settings. Government regulations and animal welfare standards have also played
a role in driving the adoption of telemetry systems in North America. Stricter
regulations and higher standards for animal care have prompted the use of
telemetry technology to meet compliance requirements and improve animal health
outcomes..
The Asia Pacific region is experiencing rapid market
growth. Asia Pacific’s companies in the veterinary telemetry
systems sector have expanded their presence globally. They have established
distribution networks and partnerships with veterinary professionals and
institutions in various countries. This global reach has allowed the companies
to dominate the international market by providing high-quality products and
exceptional customer support.
Major companies operating in Global Veterinary
Telemetry Systems Market are:
- Medtronic plc
- Shenzhen Mindray Animal Medical
Technology Co., Ltd.
- Nonin Medical, Inc.
- Masimo Corporation
- Dextronix, Inc.
- Digicare Biomedical
- Midmark Corp.
- Bionet Inc.
- Smiths Medical (ICU Medical).
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“The global veterinary telemetry systems market is
poised for continued growth, driven by the confluence of factors such as
increasing awareness of animal welfare, technological advancements, expanding
companion animal ownership, the growth of livestock farming, research and
wildlife conservation needs, and regulatory compliance. As the demand for more
sophisticated and accurate monitoring solutions continues to rise, the
veterinary telemetry systems market will likely witness further innovation and
development of cutting-edge devices that benefit both animals and their
caretakers. This market's evolution underscores the importance of technology in
improving the health and well-being of animals worldwide.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Veterinary Telemetry Systems Market By
Animal Type (Small Animals, Large Animals), By Product (Vital Signs Monitors,
ECG/EKG Monitors, Wearables, Anesthesia Machines, Accessories, Others), By
Mobility ( Portable, Floor Standing, Compact/Tabletop), By Application
(Respiratory, Cardiology, Neurology, Others), By End Use ( Veterinary Hospitals
Clinics, Others), By Region, By
Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Veterinary Telemetry Systems Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Veterinary Telemetry Systems Market.
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