Market Overview:
The global veterinary therapy unit market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for advanced veterinary therapies and rising awareness about animal health and welfare. Based on type, the global veterinary therapy unit market is segmented into Veterinary Magnetic Therapy Unit, Veterinary Heat Therapy Unit, Veterinary Laser Therapy Unit, and Veterinary Cryotherapy Unit. The Veterinary Magnetic Therapy Units segment is expected to account for the largest share of the global market in 2018 owing to its growing popularity among veterinarians for treating various medical conditions in animals. Based on application, the global veterinary therapy unit market is segmented into Small-size Animals, Medium-size Animals Large-size Animals segments. The Small-size Animal segment is projected to account for a larger share of the overall market during the forecast period owing to rising demand from pet owners for advanced treatment options for their pets.
Product Definition:
Veterinary therapy unit is a device used to provide therapeutic heat or cold to an animal. It can be used to treat injuries, reduce inflammation, and ease pain.
Veterinary Magnetic Therapy Unit:
The Veterinary Magnetic Therapy Unit (VMTU) is a magnetic resonance imaging device that uses magnetic fields to treat animals. The VMTU works by decreasing pain and inflammation in animals. It does this by reducing the effects of pain, enhancing the healing process, and increasing the effectiveness of drugs given to pets.
Veterinary Heat Therapy Unit:
The Veterinary Heat Therapy Unit (VHTU) is a portable device used to provide heat therapy for animals. It was developed by Dr. Tewksbury as an alternative to the traditional methods of treating diseases in farm animals and pets. The VHTU can be used on small as well as large animal patients and has been found effective in the treatment of various infectious diseases, wounds & surgeries, pain management & arthritis among others.
Application Insights:
The application segment is sub-divided into small-size animals, medium-size animals and large- size animals. In 2017, the small animal segment held a major share of over 60% in terms of revenue. The growth can be attributed to increasing pet ownership rate especially in developing countries like India and China. For instance, as per a survey conducted by the National Cat Club of Japan in 2016, there are nearly 120 million cats living in Japan which represents an increase of 19% from 2010. Similarly, according to American Pet Products Association's 2015 - 2016 National Pet Owners Survey there were 42 million dogs owned across U.S., which was an increase of 5% from 2013 - 2014 and 34%, respectively compared to 2007 when 26 million households owned dogs and 67 million households owned pets overall (both being estimates based on population statistics).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing pet adoption, rising expenditure on veterinary health, and high disease prevalence in this region.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to factors such as growing economy and increasing disposable income of consumers coupled with rising pet ownership especially in China and India. Moreover, government initiatives for promoting animal welfare are also anticipated to drive the market during the forecast period. For instance.
Growth Factors:
- Increasing demand for animal-assisted therapy as a complementary or alternative treatment method
- Growing number of veterinary clinics and hospitals offering veterinary therapy services
- Rising awareness about the benefits of animal-assisted therapy among pet owners and healthcare professionals
- Proliferation of research studies validating the efficacy of veterinary therapy in treating various medical conditions
- increasing disposable income and changing lifestyle trends that are driving people to spend more on their pets' health and well-being
Scope Of The Report
Report Attributes
Report Details
Report Title
Veterinary Therapy Unit Market Research Report
By Type
Veterinary Magnetic Therapy Unit, Veterinary Heat Therapy Unit, Veterinary Laser Therapy Unit, Veterinary Cryotherapy Unit
By Application
Small-size Animals, Medium-size Animals, Large-size Animals
By Companies
Bioseb, Chattanooga International, Herrmann Apparatebau, LiteCure, MTS Medical, Respond Systems, Storz Medical, Dispomed
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Veterinary Therapy Unit Market Report Segments:
The global Veterinary Therapy Unit market is segmented on the basis of:
Types
Veterinary Magnetic Therapy Unit, Veterinary Heat Therapy Unit, Veterinary Laser Therapy Unit, Veterinary Cryotherapy Unit
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small-size Animals, Medium-size Animals, Large-size Animals
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bioseb
- Chattanooga International
- Herrmann Apparatebau
- LiteCure
- MTS Medical
- Respond Systems
- Storz Medical
- Dispomed
Highlights of The Veterinary Therapy Unit Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Veterinary Magnetic Therapy Unit
- Veterinary Heat Therapy Unit
- Veterinary Laser Therapy Unit
- Veterinary Cryotherapy Unit
- By Application:
- Small-size Animals
- Medium-size Animals
- Large-size Animals
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Veterinary Therapy Unit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Veterinary Therapy Unit (VTU) is a specialized veterinary hospital that provides comprehensive care for animals with medical conditions and injuries. VTUs are typically equipped to handle a wide range of surgical procedures, including orthopedic surgery, oncology, neurology and dentistry. They also have extensive experience in treating diseases such as cancer and heart disease.
Some of the major players in the veterinary therapy unit market are Bioseb, Chattanooga International, Herrmann Apparatebau, LiteCure, MTS Medical, Respond Systems, Storz Medical, Dispomed.
The veterinary therapy unit market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Veterinary Therapy Unit Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Veterinary Therapy Unit Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Veterinary Therapy Unit Market - Supply Chain
4.5. Global Veterinary Therapy Unit Market Forecast
4.5.1. Veterinary Therapy Unit Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Veterinary Therapy Unit Market Size (000 Units) and Y-o-Y Growth
4.5.3. Veterinary Therapy Unit Market Absolute $ Opportunity
5. Global Veterinary Therapy Unit Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Veterinary Therapy Unit Market Size and Volume Forecast by Type
5.3.1. Veterinary Magnetic Therapy Unit
5.3.2. Veterinary Heat Therapy Unit
5.3.3. Veterinary Laser Therapy Unit
5.3.4. Veterinary Cryotherapy Unit
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Veterinary Therapy Unit Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Veterinary Therapy Unit Market Size and Volume Forecast by Application
6.3.1. Small-size Animals
6.3.2. Medium-size Animals
6.3.3. Large-size Animals
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Veterinary Therapy Unit Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Veterinary Therapy Unit Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Veterinary Therapy Unit Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Veterinary Therapy Unit Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Veterinary Therapy Unit Demand Share Forecast, 2019-2026
9. North America Veterinary Therapy Unit Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Veterinary Therapy Unit Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Veterinary Therapy Unit Market Size and Volume Forecast by Application
9.4.1. Small-size Animals
9.4.2. Medium-size Animals
9.4.3. Large-size Animals
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Veterinary Therapy Unit Market Size and Volume Forecast by Type
9.7.1. Veterinary Magnetic Therapy Unit
9.7.2. Veterinary Heat Therapy Unit
9.7.3. Veterinary Laser Therapy Unit
9.7.4. Veterinary Cryotherapy Unit
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Veterinary Therapy Unit Demand Share Forecast, 2019-2026
10. Latin America Veterinary Therapy Unit Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Veterinary Therapy Unit Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Veterinary Therapy Unit Market Size and Volume Forecast by Application
10.4.1. Small-size Animals
10.4.2. Medium-size Animals
10.4.3. Large-size Animals
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Veterinary Therapy Unit Market Size and Volume Forecast by Type
10.7.1. Veterinary Magnetic Therapy Unit
10.7.2. Veterinary Heat Therapy Unit
10.7.3. Veterinary Laser Therapy Unit
10.7.4. Veterinary Cryotherapy Unit
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Veterinary Therapy Unit Demand Share Forecast, 2019-2026
11. Europe Veterinary Therapy Unit Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Veterinary Therapy Unit Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Veterinary Therapy Unit Market Size and Volume Forecast by Application
11.4.1. Small-size Animals
11.4.2. Medium-size Animals
11.4.3. Large-size Animals
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Veterinary Therapy Unit Market Size and Volume Forecast by Type
11.7.1. Veterinary Magnetic Therapy Unit
11.7.2. Veterinary Heat Therapy Unit
11.7.3. Veterinary Laser Therapy Unit
11.7.4. Veterinary Cryotherapy Unit
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Veterinary Therapy Unit Demand Share, 2019-2026
12. Asia Pacific Veterinary Therapy Unit Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Veterinary Therapy Unit Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Veterinary Therapy Unit Market Size and Volume Forecast by Application
12.4.1. Small-size Animals
12.4.2. Medium-size Animals
12.4.3. Large-size Animals
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Veterinary Therapy Unit Market Size and Volume Forecast by Type
12.7.1. Veterinary Magnetic Therapy Unit
12.7.2. Veterinary Heat Therapy Unit
12.7.3. Veterinary Laser Therapy Unit
12.7.4. Veterinary Cryotherapy Unit
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Veterinary Therapy Unit Demand Share, 2019-2026
13. Middle East & Africa Veterinary Therapy Unit Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Veterinary Therapy Unit Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Veterinary Therapy Unit Market Size and Volume Forecast by Application
13.4.1. Small-size Animals
13.4.2. Medium-size Animals
13.4.3. Large-size Animals
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Veterinary Therapy Unit Market Size and Volume Forecast by Type
13.7.1. Veterinary Magnetic Therapy Unit
13.7.2. Veterinary Heat Therapy Unit
13.7.3. Veterinary Laser Therapy Unit
13.7.4. Veterinary Cryotherapy Unit
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Veterinary Therapy Unit Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Veterinary Therapy Unit Market: Market Share Analysis
14.2. Veterinary Therapy Unit Distributors and Customers
14.3. Veterinary Therapy Unit Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bioseb
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Chattanooga International
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Herrmann Apparatebau
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LiteCure
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MTS Medical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Respond Systems
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Storz Medical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Dispomed
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
