Asia Pacific Veterinary Equipment And Disposables Market Worth $692.8 Million By 2028
Asia Pacific Veterinary Equipment And Disposables Industry Overview The Asia Pacific veterinary equipment and disposables market size was valued at USD 345.3 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 9.3% from 2021 to 2028. Rising research activities, pet population, and a number of vet visits are factors expected to boost market growth in the region. The increase in pet population is supported by factors such as high aging population in countries like Japan, Australia, and South Korea; increasing single-member households; and rising disposable income. The livestock population is also on a growth trend due to the rising demand for medical research and meat-& livestock-derived products. The COVID-19 outbreak restricted the growth of the market for veterinary equipment and disposables due to a reduction in patient volume in veterinary clinics as well as hospitals and cancellation or delayed animal-based research projects. A 20...