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

How to Reduce Cyber Attacks in the Healthcare Industry?

2022-08-08

The prevalence of the Internet and the openness of the Internet has made cyber attacks progressively less expensive. As cyberattack techniques and attack tools continue to upgrade, cybercriminals are using more advanced techniques to arm attack tools, making them more difficult to detect. This increases the difficulty of detecting attack tools using features. This has led to more and more cybersecurity incidents, and the medical industry is gradually becoming a "hardest hit" area for cybersecurity.

What is a Biochemistry Analyzer? How to Choose?

2022-03-11

A biochemistry analyzer, also known as a clinical chemistry analyzer. It is used to measure the metabolites present in biological samples such as blood or urine.

Why are biochemical analyzers important biochemistry lab instruments?

2021-10-12

Biochemical analysis is very important in medicine. The testing items of biochemical analyzer include liver function, kidney function, ion, cardiac enzymes, blood glucose and lipids and other vital substances. It not only provides scientific basis for the diagnosis of diseases, but also provides important reference for the prevention and treatment of diseases.
We use cookies to optimize our website and our service. Cookie Policy
√Functional
√Marketing
Accept all Dismiss Preferences