Rising incidence of animal related disorders coupled with increasing investments in veterinary healthcare is expected to drive growth of the veterinary equipment and disposables market. Chronic conditions such as pet cancer, foot and mouth disease, and lumpy skin disease are among the most commonly encountered chronic animal and livestock diseases in the world. According to the Veterinary Cancer Society, 2016, cancer is the leading cause of death in around 47% of the dogs diagnosed with cancer over the age of 10 and 32% of the cats, where Feline Leukemia Virus (FeLV) was one of the leading cause of lymphoma in cats. According a report published by the Royal Veterinary College, University of London, around 3,884 dogs were treated with anal sac impaction procedures in London in 2013. Moreover, the rising investment in animal healthcare is leading to development of innovative technologies such as disposable veterinary infusion pumps for delivering various medical dosage of therapeutics to the pets. For instance, Body Guard 121 Twins introduced in 2011 for vet consists of two independent channels that extend the therapeutic range of option, as the device allows to set up fast high volume rapid infusions, mix two different infusion solutions for an animal or infuse to two different animals from one device. However, lack of accuracy in these devices such as software problems, alarm errors, and inadequate user interface design are expected to hinder the market growth.
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On the basis of region, the global veterinary equipment and disposables market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds a dominant position in the global veterinary equipment and disposables market and is expected to retain its dominance over the forecast period. This attributes to high incidence of chronic animal diseases such as cancer as well as rising investments in animal healthcare. For instance, according to the Animal Cancer Foundation, 2015, around 65 million dogs and 32 million cats live in the U.S. and around 6 million new cancer cases in dogs and cats are reported every year. The data also suggests that one-third of all tumors in dogs are skin tumors, while around 20% are mast cell tumors. Moreover, in 2017, the Blue Buffalo Foundation granted US$ 1 Mn to the Animal Cancer Foundation for the Canine Cancer Genome Project to map the tumor genomes and develop effective therapies.
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