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Veterinary Telemetry Systems Market Size
- Report ID: GMI5559
- Published Date: Apr 2023
- Report Format: PDF
Veterinary Telemetry Systems Market Size
Veterinary Telemetry Systems Market size surpassed USD 255 million in 2022 and is poised to grow at 6.5% CAGR from 2023 to 2032. A commendable rise in pet care expenditure and increasing penetration of pet health insurance is likely to foster the industry growth.
The sudden outbreak of the COVID-19 pandemic has not only increased pet adoptions but also increased spending on pet health. The rising awareness of pet health among pet owners and the availability of various insurance options have increased the need for technologically advanced treatments. Hence, the espousal of telemetry systems for continuous monitoring of pets' vital signs is expected to increase by 2032.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Veterinary Telemetry Systems Market Size in 2022: | USD 259.6 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.6% |
| 2032 Value Projection: | USD 489.6 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 190 |
| Tables, Charts & Figures: | 335 |
| Segments covered: | Product Type, Mobility, Animal Type, Application, End-user, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Developing countries have limited availability of veterinary clinics, hospitals, and veterinary practitioners, which may act as a restraint for veterinary telemetry systems market growth. Besides, high costs associated with the advanced telemetry systems and limited availability of insurance options may further hamper the industry revenue streams by end of 2032.
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Veterinary Telemetry Systems Market Scope
