PUBLISHER: Orion Market Research | PRODUCT CODE: 1483112
PUBLISHER: Orion Market Research | PRODUCT CODE: 1483112
Veterinary Scales Market Size, Share & Trends Analysis Report by Animal (Livestock and Companion), by Technology (Mechanical Veterinary Weighing Scales and Electronic Veterinary Weighing Scales), and by End-user (Veterinary Hospitals & Clinics, Veterinary Ambulatory Surgery Centers, Veterinary Emergency Care Centers, Veterinary Diagnostic Centers, Homecare Settings and Others) Forecast Period (2024-2031)
Veterinary scales market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period (2024-2031). Veterinary scales are used to weigh animals and help in health monitoring by giving important information about the animal's weight. Veterinarians rely on precise weight measures in addition to other critical data to diagnose, track, prevent, and treat a variety of animal illnesses and ailments. These scales are essential for preventing and controlling major infectious diseases.
Market Dynamics
A rising demand to maintain animal health
The expected development of the market would be fueled by the increase in the frequency of diseases and animal mortalities caused by drug overdoses as well as excessive food intake. A dose calibration study is typically used to assess the effective dose (or dose range) of veterinary medications in mg of active component per kg of body weight per day in order to prevent such events. The required daily dose (mg/Kg body weight/day) and the anticipated daily feed consumption (kg per head) can then be used to calculate the inclusion rate in feed, enabling the prescription of the appropriate medicine, deworming, and supplement dosage.
Rising Consumer Awareness of Animal Health
Animal weighing plays a crucial role in a number of operations, including tracking the growth of newborns and babies, monitoring animal pregnancies, calculating the composition and quantity of feed for livestock, prescribing medication for sick animals, and recommending exercise for overweight or underweight animals. Over the course of the projection period, it is anticipated that rising consumer awareness of animal health, innovative product development, and competitive pricing will drive market expansion.
Market Segmentation
Hospitals & Clinic Sub-segment to Hold a Considerable Market Share
The veterinary hospitals & clinics holds major share in the global market. The animals are weighed using veterinary scales in veterinary clinics and hospitals as part of routine veterinary health care. Veterinary scales are used for medical purposes by veterinarians, but regular pet owners can also use them to properly estimate the healthy weight of their cats, dogs, and other pets. Any animal's weight increase or decrease could be a sign of a health issue. Therefore, it is essential to weigh oneself using this inexpensive method. Pet owners also need to have access to a consistent weight indication so they can administer the proper medical care, regardless of the size of the animal.
Furthermore, reliability and accuracy in diagnostic outcomes are contingent upon measurement precision and accuracy in veterinary diagnostic facilities. Veterinary scales are essential instruments as they guarantee the caliber and consistency of laboratory procedures. The strong demand for veterinary scales in diagnostic laboratories is fueled by the requirements for precision, data dependability, and adherence to quality and safety standards in veterinary research and diagnostics.
The global veterinary scales market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia-Pacific Countries to Focus on Animals Health
Global Veterinary Scales Market Growth by Region 2024-2031
Source: OMR Analysis
North America Holds Major Market Share
Due to the increasing adoption of companion animals and rising per capita costs associated with animal healthcare, North America is anticipated to continue to dominate the veterinary scales market over the course of the forecast period. Due to the rising number of pet owners and their high pet expenses, there is a growing need in the area for pet care services and products. According to the 2021-2022 National Pet Owners Survey by the American Pet Products Association (APPA), almost 70% of American homes had a pet in 2020, up from 67% in 2019.
Furthermore, the veterinary scales market in North America is expanding due to a number of important factors, including rising product innovation, rising pet owner knowledge of various health risks related to their pet's body weight, and competitive pricing.
Note: Major Players Sorted in No Particular Order.
The major companies serving the global veterinary scales market include OHAUS Corp., Adam Equipment Ltd., Rice Lake Weighing Systems, Marsden Weighing Machine Group Ltd., KERN & SOHN GmbH and Avery Weigh-Tronix LLC, among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in October 2022, Rice Lake Weighing Systems announced the acquisition of MCI Systems. This acquisition of MCI Systems enhanced the Rice Lake Weighing Systems' integrated weight and measurement control offerings around the globe.