Veterinary Scales Market size is projected to experience significant growth from 2019 to 2025.
The veterinary scales market is estimated to witness considerable growth over the forth coming years. High growth is attributed to increasing awareness about animal health check-ups and examinations. Rise in trend of pet adoption and their regular health check ups have augmented veterinary scales market growth. Moreover, increase in demand for drug dosing and weight-based diet for companion animals have further propelled market growth.
Weighing animals is also a crucial aspect related to monitoring an animal’s health, observing and discovering animal pregnancies, determining the amount of feed for livestock, tracing the growth and health of new-born animals, allocating medicine dosage for sick animals and planning exercise routine for underweight/overweight animals. Furthermore, rise in awareness about pet’s health coupled with technological advancements in weighing scales are expected to propel the market growth over the forecast period.
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However, lack of precision and unresponsiveness of veterinary scales will obstruct the growth of veterinary scales market growth. Lack of precision associated with veterinary scales and the issues associated with getting an accurate reading for livestock animals will limit veterinary scales market growth. Few electronic scales along with mechanical scales have issues with accuracy and precision, resulting in improper drug dosage, imbalanced diet and wrong medication thus restraining the market.
The portable scales segment is expected to witness substantial growth over the forecast period. Portable veterinary scales are gaining popularity around the world. These scales are light weight, easy to carry and can be used in homecare settings as well. Hence, portable veterinary scales are gaining importance owing to its precision and accuracy in weighing animals along with its portability.
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On technological ground, veterinary scales are sub-divided into two categories, electronic and mechanical. The electronic veterinary scales are expected to hold major market shares across the forecast period owing to increasing usage of such scales for weighing companion as well as livestock animals. Rising awareness among the population about pet’s health associated with being under weight or overweight is a major growth augmenting factor. Hence, the afore-mentioned reasons will drive segmental growth.
Small animals segment includes animals such as dogs and cats, that is expected to witness favorable growth across the analysis period. High growth is attributed to increasing adoption of pets in developed as well as developing economies along with rising concerns of owners about their pet’s health. Moreover, increasing prevalence of zoonotic diseases in animals will further increase product demand thus, augmenting market growth.
The veterinary hospitals and clinics segment is expected to hold major chunk of revenue over the forecast period. Hospitals offer state-of-the-art facilities for appropriate health examinations of the animals at an affordable rate. Animal health tests are mostly performed in hospitals owing to availability of desired healthcare settings. Additionally, increasing preference of people in the developing economies for hospitals and clinics over other medical facilities due to affordability will further augment market growth.
U.S. is expected to hold major market share in the veterinary scales market over the forecast period owing to growing disposable income, increasing companion animal adoption, and rising per capita animal healthcare expenditure. Furthermore, growing awareness among the pet owners about several health problems associated with pet’s body weight, competitive pricing and rise in product innovation are considerable factors for driving the growth of the veterinary scales market in the U.S.
Asia Pacific is expected to witness significant growth in the veterinary scales market during the analysis period. High growth is attributed to factors such as increasing livestock population and requirements for their regular health examinations. Additionally, westernization has influenced the population to adapt the trend of pet adoption in various parts of Asia. Hence, the above-mentioned reasons are expected to boost market growth.
Some of the key industry players include apexx Veterinary Equipment, Inc., Adam Equipment Ltd, Brecknell, Coventry Scale Company, Circuits & Systems Inc. Arlyn Scales, Phantom Scales LLC, DETECTO Scale Company, Tanita, Soehnle Industrial Solutions GmbH and UmaTech. Key strategies adopted by industry players include strategic collaborations, partnerships, mergers, and innovative product launch to expand their product portfolio.