Animal vital sign monitor market is anticipated to grow at a CAGR of 7.2% during the forecast period. The animal vital sign monitor market is growing significantly owing to the technological advancement, rising adoption of pet and companion animals, and the rising demand for improved monitoring equipment to maintain animal health and safety. Factors such as the rising frequency of chronic diseases in animals, and the necessity for early identification and control of health concerns are other factors that boost the market's growth.
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The growing number of pet owners around the globe has increased the demand for modern animal healthcare services. Animal vital sign monitors play an important role in the diagnosis, treatment, and monitoring of numerous health disorders in pets. The development of new and user-friendly animal vital sign monitors has substantially improved the accuracy, reliability, and utility. The wireless connectivity, real-time data processing, and remote monitoring capabilities are creating significant scope for the growth of the market.
The rising usage of vital sign monitors in research laboratories and animal care facilities supported the animal welfare and ethical treatment practices. These monitors allow researchers to obtain precise and real-time data on animal health, assuring their safety and allowing for more reliable scientific conclusions.
Segmental Outlook
The global animal vital sign monitor market is segmented based on product, mobility, animal, and end-user. Based on product, the market is segmented into vital signs, monitors, ECG/EKG monitors, anaesthesia monitors, and accessories. Based on mobility, the market is segmented into portable, floor standing, and compact. Based on animals, the market is segmented into small and large. Based on end-user, the market is sub-segmented into veterinary clinics, animal hospitals, research laboratories, and others.
North America Region held Considerable Share in the Global Animal Vital Sign Monitor Market
Because of their large pet ownership rates, well-established veterinary infrastructure, and significant research and development efforts, North America and Europe lead the industry. The Asia Pacific area is predicted to develop significantly owing to increased pet adoption, rising disposable income, and a growing emphasis on animal healthcare.
Recent Developments
- In April 2022, Anelto Inc, a leading provider of Remote Patient Monitoring (RPM) solutions, announced a partnership with BioIntelliSense, Inc., a continuous health monitoring and clinical intelligence company to integrate BioIntelliSense's FDA-cleared BioSticker and BioButton wearable medical devices and data services with Anelto's RemoteCareLive.
- In March 2022, Alder Hey Children's NHS Foundation Trust collaborated with digital health company Isansys Lifecare to improve at-home patient monitoring and reduce healthcare system pressures.
Market Coverage
· The market number available for – 2022-2030
· Base year- 2022
· Forecast period- 2023-2030
· Competitive Landscape- Smiths Group plc, Medtronic plc, DRE Veterinary, Digicare Biomedical Technology Inc., Midmark Corporation, Nonin Medical, Inc., Masimo Corporation, and Smiths Medical.
Global Animal Vital Sign Monitor Market Report Segment
By Product
- Vital Signs Monitors
- ECG/EKG monitors
- Anesthesia Monitors
- Accessories
By Mobility
- Portable
- Floor Standing
- Compact
By Animal
- Small
- Large
By End User
- Veterinary Clinics
- Animal Hospitals
- Research Laboratories
- Others
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Animal Vital Sign Monitor Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
· Smiths Group plc
· Medtronic plc
· DRE Veterinary
· Digicare Biomedical Technology Inc.
· Midmark Corporation
· Nonin Medical, Inc.
· Masimo Corporation
· Smiths Medical
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