Research Nester has released a report titled “Veterinary Injectable Devices Market: Global Demand Analysis & Opportunity Outlook 2030” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
The demand for meat and meat products is increasing at a significant pace worldwide. Moreover, the consumption of milk has also grew massively over the years. In other statistics by the Food and Agricultural Organization (FAO), over 6 Billion people consumed milk and milk products. With the rise in consumption of these products, there is a growing need amongst the animal owners to keep them healthy. Rising awareness for timely vaccinations and other medications, along with the increasing expenditure on veterinary visits, are some of the additional factors anticipated to drive the growth of the global veterinary injectables devices market.
The global veterinary injectable devices market is anticipated to grow with a CAGR of 4.69% over the forecast period, i.e., 2021 – 2030. The market is estimated to garner a revenue of USD 1395.4 Million by the end of 2030, up from a revenue of USD 887.0 Million in the year 2020. The market is segmented by materials into glass, metal, plastic, and others, out of which, the plastic segment is expected to generate the largest revenue of USD 714.2 Million by the end of 2030, up from USD 460.5 Million in the year 2020. Moreover, the segment is also expected to grow with a CAGR of 4.54% during the forecast period.
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The global veterinary injectable devices market is segmented on the basis of region into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. By the end of 2030, the market in North America region is expected to generate the largest revenue of USD 475.1 Million. Moreover, in the year 2020, the market in the region registered a revenue of USD 306.2 Million. Meanwhile, in the Asia Pacific, the market is expected to grow with the highest CAGR of 5.96% during the forecast period.
However, the adverse reactions at the injection site is one of the major factors predicted to hinder the market growth.
This report also provides the existing competitive scenario of some of the key players of the global veterinary injectable devices market, which includes company profiling of Boehringer Ingelheim International GmbH, Henke-Sass, Wolf GmbH, TeleDart USA, H. Hauptner and Richard Herberholz GmbH & Co. KG, Schippers Export BV, Hamilton Company, Merck & Co., Inc. (Allflex), NEOGEN Corporation, Terumo Medical Corporation, Quick Shot Corporation, and others.
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 “Veterinary Injectable Devices Market: Global Demand Analysis & Opportunity Outlook 2030”, analyses the overall global veterinary injectable devices industry 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 global veterinary injectable devices market in the near future.
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