The global veterinary magnetic therapy unit market size is anticipated to grow at a CAGR of 7.1% during the forecast period (2021-2028). The major driving factors for this market are increasing animal populations, raising awareness about the benefits of therapeutic treatments among pet owners and veterinarians, increased funding opportunities from governments and private sectors in emerging economies such as China and India, technological advancements in magnetic fields equipment manufacturing techniques, growing demand for advanced biotechnology products by pet owners all over the world.
A veterinary magnetic therapy unit is a device that provides the animal with therapeutic treatment to relieve pain, aid in rehabilitation from injury or other conditions. Magnetic field equipment is based on electromagnetic induction principles for generating a non-contact and electric current flow through an external coil within close proximity of the body part requiring healing. They produce magnetism by means of permanent magnets or electromagnets using electromagnetic induction techniques.
On basis of type, veterinary magnetic therapy is segmented into two sections, one for small animals and the other is for large animals.
Veterinary magnetic therapy unit for small animals aids in pet rehabilitation from injury. It also provides relief of pain and inflammation, healing cuts & wounds, treating arthritis, easing muscle tension and spasms as well as relieving stiffness in joints. It is used by veterinarians to help treat animals on a daily basis or for surgery recovery following orthopedic procedures that result in reduced blood flow to the extremities.
A veterinary magnetic therapy unit for large animals aids with joint injuries like arthritic conditions or degenerative diseases that can cause an animal discomfort when moving around too much causing weight loss due to difficulty walking. The same applies to chronic lameness caused by this condition among other things which are alleviated using field equipment over time allowing them to go back to normal activities without experiencing any pain.
On the basis of application, the veterinary magnetic therapy unit is divided into two categories namely pet hospitals and veterinary stations.
Right now, magnetic therapy is mainly used for treating pet owners’ pets. Veterinarians are seeing good results from the use of this type of treatment and it could be a replacement option in the future as antibiotics become less effective. Pet hospital is the primary market for this equipment as there are a number of patients with animals suffering from various diseases or being treated on an everyday basis and in need of treatments that can be easily administered using such units.
Another application of magnetic therapy is to use the device at veterinary stations. There, they can be used for treating animals in need of immediate emergency care or rehabilitation work after surgery. it may not always be feasible to have access to one due to logistical difficulties but still has the same application as at pet hospitals in treating small animals like dogs.
On the basis of region, the veterinary magnetic therapy unit is more popular in North America and Europe, where the veterinary industry is more developed.
Pet Hospital Application market size was estimated at about xx million US Dollars in 2018 and will be increasing steadily during 2019-2028 (estimated) reaching xx Million US dollars by 2024-2025.
Growth Factor for veterinary magnetic therapy unit market
Up Market Research published a new report titled “Veterinary Magnetic Therapy Units Sales Market research report which is segmented by Types (For Small Animals, For Large Animals), By Applications (Pet Hospital, Veterinary Station), By Players/Companies GLOBUS, VETBOT, Fisioline, Techv LLC, Respond Systems, Grupo Esfera Vet, I. D. Stewart Pty, Activo-Med, Magnetoterapia Biomag, F&B International, Fisaude”.
Report Attributes | Report Details |
Report Title | Veterinary Magnetic Therapy Units Sales Market Research Report |
By Type | For Small Animals, For Large Animals |
By Application | Pet Hospital, Veterinary Station |
By Companies | GLOBUS, VETBOT, Fisioline, Techv LLC, Respond Systems, Grupo Esfera Vet, I. D. Stewart Pty, Activo-Med, Magnetoterapia Biomag, F&B International, Fisaude |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 219 |
Number of Tables & Figures | 154 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type For Small Animals, For Large Animals and By Application Pet Hospital, Veterinary Station.
Some of the companies that are profiled in this report are:
Veterinary Magnetic Therapy Units Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Veterinary Magnetic Therapy Units Sales 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 2028.
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