CHICAGO , June 12, 2024 /PRNewswire/ -- The global veterinary ophthalmology equipment market , valued at $485 million in 2024 and anticipated to reach $697 million by 2029 with a CAGR of 7.5%, encompasses a network of interconnected stakeholders and components including manufacturers, distributors, veterinary clinics, hospitals, and research institutions. Fueled by rising pet ownership and care expenditure, the market faces challenges like high costs and limited awareness among pet owners.
Segmented by animal type, application, product, end-user, and region, the market is expected to witness the highest growth in segments such as Surgical Equipment, Disposables, and Implants, and treatment applications. North America leads the market due to factors such as advanced infrastructure and high pet ownership. Key players like Bausch + Lomb Corporation, Revenio Group Oyj, and Halma Plc drive market innovation, evidenced by recent developments such as corporate spin-offs, acquisitions, and strategic collaborations aimed at expanding product portfolios and market penetration.
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