The Veterinary Thermometer Market is expected to register a CAGR of 4.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Mercury veterinary thermometer, Electronic veterinary thermometer, Infrared veterinary thermometer). The report is segmented by Treatment Application (Hospital, Veterinary Station, Other).The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Veterinary Thermometer Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Veterinary Thermometer Market Segmentation
Type- Mercury veterinary thermometer
- Electronic veterinary thermometer
- Infrared veterinary thermometer
- Hospital
- Veterinary Station
- Other
Strategic Insights
Veterinary Thermometer Market Growth Drivers- Growing Pet Ownership and Escalating Health Awareness of Companion Animals: Rising pet ownership globally is furthering the focus on the healthcare and preventive measures for animals and routine checks on pets' health. The more pets are perceived as families, the more aggressive pet owners have become toward ensuring that their animals lead healthy lifestyles, automatically increasing the demand for veterinary thermometers. The millennials and Gen Z's tendency toward pet ownership will ensure trends continue to favor an upward trend in the veterinary thermometer market.
- Advancement in the Design of Thermometers Using Technology: Advances in thermometer technology have given rise to more accurate, convenient, and fast-read thermometers. Devices such as infrared thermometers, smart thermometers, and non-contact give rapid readings and longer accuracy than others and are therefore suitable for use on animals that are more sensitive and potentially more challenging to handle in a veterinary setting. Such advanced designs provide greater convenience, precision, and ease of use and drive the adoption of such devices.
- Increase in Veterinary Healthcare Expenditures: The increasing expenditure on veterinary care in most countries, including developed nations, is thus one factor that encourages the demand for veterinary thermometers. Veterinary treatments and practices become more advanced and comprehensive, and pet owners are willing to spend on diagnostic tools that directly show the status of health in their pets. Higher disposable incomes in emerging economies also go hand-in-hand with increased spending on sophisticated veterinary products like thermometers.
- Integration with Smart Technology: The trend for the connected healthcare devices is also spreading to veterinary. Many modern veterinary thermometers nowadays support connecting through Bluetooth or Wi-Fi: it shares real-time data with veterinary clinics or mobile applications. This makes it better to track the health of an animal across time, and it simplifies keeping up with records to allow veterinarians to make better decisions. This also increases telemedicine in veterinary care, where the monitoring of health can be done remotely.
- Non-Invasive Temperature Measurement: In the case of an animal such as wildlife, exotic pets, or farm animals, which is difficult to handle, there is a great demand for non-invasive or less-invasive methods of temperature measurement. The reason behind this popularity in non-contact infrared thermometer application is that they can offer precise reading without direct physical contact with the animal thus reducing stress in animals while accurately monitoring their temperature.
- Personal and Handheld Devices: People are demanding more portable, personalized, and easy-to-use veterinary thermometers. Appliances are becoming smaller, lighter, and more ergonomic for easy carrying and use anywhere to monitor the health of animals by owners and veterinarians. This trend happens because of growing demand for mobile and efficient veterinary solutions, especially for pet owners who prefer to monitor pets at home or for people who live in rural areas far from veterinary clinics.
- Livestock health management growth: The demand for veterinary thermometers is not restricted to companion animals only. With the high repute of animal health in livestock management, especially by dairy and poultry, it creates a very profitable market. Thermometers are an important monitoring tool in terms of the health of livestock and assure that no animal suffers from fever or infection that may cause further economic loss. Veterinary thermometers play a key role in disease surveillance and early detection as demand for animal farming on sustainable and healthy grounds continues to rise.
- Homecare Monitoring Solutions Adoption Rise: As homecare monitoring is being increasingly adopted, the market for developing use: friendly thermometers at home is also growing. The device can empower pet owners to monitor their pets health from a distance between vet visits to diagnose fever or illness in its nascent stages. In doing so, companies can focus on mass: producing easy: to: use thermometers that connect to apps, use long: lasting batteries, and provide comprehensive instructions to allow pet owners to treat their pets more effectively at home.
- Telemedicine and Remote Monitoring Solutions: Telemedicine, with online consultations with vets, has opened wide remote health monitoring prospects via veterinary thermometers that are internet: enabled through either Bluetooth or Wi: Fi. Such a veterinarian can access remote data concerning the health status of animals and quickly intervene once the real: time temperature is received. The trend is handy in rural areas, where veterinary care may be scanty. Investments in telemedicine: enabled thermometers, a rather innovational step for veterinarians to enhance access to care and reduce the necessity of personal visits in veterinary practice.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Veterinary Thermometer Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Veterinary Thermometer Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Players operating in the market are Advanced Monitors Corporation, American Diagnostic, Bioseb, GLA Electronics, Jorgensen Laboratories, K-jump Health, Kruuse, Mediaid Inc, Mesure Technology, Microlife
Electronic veterinary thermometer segment, by type, dominated the market in 2023.
North America region dominated the Veterinary Thermometer market in 2023.
Livestock health management growth act as a opportunity for growth of the market in forecast period.
The Veterinary Thermometer Market is estimated to witness a CAGR of 4.8% from 202#to 2031
The major factors driving the Veterinary Thermometer market are:
1. Growing Pet Ownership and Escalating Health Awareness of Companion Animals
2. Advancement in the Design of Thermometers Using Technology
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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