What about the animal medical equipment market?

release time:2021-10-26 10:32:46

Animal medicine is a particularly hot market in recent years. Compared with human IVDs, the threshold for product registration for animals is lower and the business model is more flexible. In terms of pet infectious disease detection technology, molecular diagnostic nucleic acid detection methods are also highly sensitive and specific. This can shorten the window period of infectious disease detection to the greatest extent.

Data show that the global animal hospital and veterinary clinic market is expected to grow from $77.48 billion in 2020 to $89.38 billion in 2021. The compound annual growth rate is 15.4% . This market is expected to reach $110 billion by 2025, growing at a CAGR of 5.3%.

Animal medicine

Currently, pet medical devices are subject to high industry barriers and weak R&D production capacity, accounting for the smallest share in the pet market. But on the other hand, the pet medical device market has less competitive pressure and is more likely to be favored by capital.

At present, pet medical devices are mainly focused on medical imaging, in vitro diagnostics two major directions. And most of them are based on the principle of human equipment to be modified and extended to the pet field. Among them, imaging devices are mainly B ultrasound, DR, nuclear magnetic, CT and other equipment. In vitro diagnostic devices include testing reagents, blood analyzers, biochemical analyzers, endocrine analyzers, ophthalmic microscopes, endoscopes and other equipment.

Seamaty has been in the field of veterinary devices for many years and has released several veterinary medical devices. Seamaty has released several veterinary medical devices, including SMT-120V biochemical analyzer and other ultrasound medical devices.
Prev Return Next

Related Reading

Choosing the Best Veterinary Blood Chemistry Analyzer: SMT-120VP vs. Catalyst One vs. VetScan2

2024-04-03

Confused about choosing a blood chemistry analyzer for your veterinary clinic? This post compares SMT-120VP, Catalyst One, and VetScan2 to help you find the best fit for your needs and budget, considering factors like testing range, speed, and cost.

The Effect of Drugs on Biochemical Test Results

2022-05-11

We all know that there are many factors that affect the results of biochemical tests. In addition to blood sample collection, operation methods, diet and other factors, the impact of clinical medication on biochemical testing cannot be ignored.

3 ways to troubleshoot biochemistry analyzer reagent interference

2021-11-02

In the previous article we learned about 10 reasons why biochemistry analyzer reagents interfere with each other. If the results of biochemical tests are inaccurate. So many possible causes, so which one is affecting the test results? How to troubleshoot it?
We use cookies to optimize our website and our service. Cookie Policy
√Functional
√Marketing
Accept all Dismiss Preferences