Artificial Intelligence
[Latest] Global Veterinary Consumables Market Size/Share Worth USD 2.84 Billion by 2028, Growing at a CAGR of 7.45%: Zion Market Research (Industrial Trends, Report, Analysis, Players, Outlook, Forecast, Growth, Value, Segmentation)
NEW YORK, United States, June 07, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Global Veterinary Consumables Market” in its research database. According to the latest research study, the demand of global Veterinary Consumables Market size & share was worth at around USD 1.72 billion in 2021. The market is expected to grow at a CAGR of 7.45% and is anticipated to reach over USD 2.84 billion by 2028.
What are Veterinary Consumables? How big is the Veterinary Consumables Industry?
Market Overview:
Veterinary medicine is the science of preventing and treating disorders, illnesses, and other health factors related to animals. A veterinary physician or veterinarians also play a crucial role in advocating and promoting aspects of animal care while providing their expertise in proper animal care to their owners. Veterinary consumables are substances that are used during the process of providing medical aid to animals and are a critical part of the whole treatment plan. Just like in the case of human-health welfare, there are certain standards that veterinary consumables would meet before being used on actual animals.
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The products include substances like anesthesia machines, digital X-rays, IV pumps, portable ultrasound scanners, veterinary stethoscopes, and other disposable items like gloves, syringes, paper gowns, surgical packs, and others. Consumption of veterinary equipment and products has been increasing drastically owing to the rising trend of animal breeding for personal or commercial use.
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Key Insights from Primary Research
- As per the analysis, the veterinary consumables market is likely to grow above a CAGR of around 7.45% between 2022 and 2028.
- The Veterinary Consumables market size was worth around US$ 1.72 billion in 2021 and is estimated to hit approximately US$ 2.84 billion by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on animal type segmentation, companion animals were predicted to show maximum market share.
- Based on product segmentation, anesthesia supplies were the leading revenue-generating products.
- On the basis of region, the “North America” Will Likely Overtake the Global Market.
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Market Dynamics:
The demand for veterinary consumables is higher in facilities that majorly cater to the needs of animals in a commercial set-up owing to the poor conditions they live associated with nutritional and physiological impact on the animals. This ultimately leads to a higher rate of infection in such animals which sometimes gets transferred to the human population.
As per the National Library of Medicine, around 75% of the recent human pathogens that are reported over the last 25 years have origins in animals. These numbers are an indication of why animal welfare is critical for human health as well. With this realization, there has been a significant shift in the trend towards taking animal health seriously which is also aided by the rise in the number of such healthcare providers.
The global veterinary consumables market cap is anticipated to grow significantly owing to the rising research activities toward understanding and treating animal diseases. Some of these diseases do not stay limited to just animals but may pass on to humans as well, with Covid-19 being the latest example. The research activities have gained higher momentum post-2020 because of the global economic and sociological impact the virus had on the world population. Research scholars have estimated that around 6 out of every 10 infectious diseases in humans have animal origins. These diseases have turned out to be fatal in many situations.
Due to a better understanding of zoonotic diseases, veterinarians are now able to treat the relatively new medical conditions in animals efficiently which is expected to drive the demand for veterinary consumables. The growth is expected to be aided by the emergence of a higher number of clinics and facilities providing excellent medical care.
The absence of sufficient skilled professionals may restrict the global market growth. The growing number of facilities providing medical care is expected to provide opportunities for global market expansion. Poor animal-healthcare infrastructure in emerging economies is anticipated to challenge market growth.
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COVID-19 Impact Analysis:
The global market cap witnessed a downfall due to the onset of Covid-19 which was majorly driven by the closure of veterinary treatment and research facilities. Due to extreme transport restrictions for at least 4-5 months at the beginning of 2020, physical appointments decreased to a drastic level. However, there were options like telephonic assistance in case of issues that could be dealt with over a phone call. The global market has picked up pace since then after the units became 100% functions.
Competitive Players
The report contains qualitative and quantitative research on the global veterinary consumables market, as well as detailed insights and development strategies employed by the leading competitors. Some of the main players in the global veterinary consumables market include;
- Midmark Corporation
- Avante Health Solutions
- Smiths Medical
- Suntech Medical Inc.
- Vetland Medical Sales and Services
- B.Braun Melsungen AG
- and Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Segmentation Analysis:
The global veterinary consumables market is segmented based on type, animal type, product, and region.
By type, the global market is divided into reusable and disposable. Owing to the cost-effectiveness and efficiency of reusable products, the largest global market share is held by products with higher reusability with global market domination of over 80%.
Based on animal type, the global market segments are companion animals and livestock animals. The largest share in the global market was held by companion animals in 2021 resulting due to higher adoption trends of companion animals or pets. In the USA, in 2020, expenditure on companion animals grew by USD 6 billion over the previous year. The livestock animals’ segment is also anticipated to grow significantly due to the increased efforts of private and public institutes toward animal welfare.
Based on product, the global market segments are ventilator supplies, anesthesia supplies, imaging supplies, monitoring supplies, and others. Anesthesia supplies dominated the global market in 2021 owing to the wide application of these supplies ranging from medication, surgical procedures, or neutering. In 2019, the UK witnessed over 80% of domesticated dogs being neutered including both males and females.
Regional Overview:
North America is projected to generate the highest global veterinary consumables market revenue owing to the excellent animal healthcare infrastructure in the region. The veterinary facilities in regions like the USA and Canada are equipped with exceptional technologies aiding medical treatments for different diseases. The regional growth is projected to gain momentum owing to the presence of multiple producers of veterinary consumables with the demand for their products on a global level. The manufacturers are undertaking multiple strategic adoptions like mergers and acquisitions, and partnerships with hospital facilities to generate higher revenue.
Europe may grow significantly because of a higher companion-animals adoption rate resulting in a willingness to spend more on the welfare of their pets. Asia-Pacific is showing signs of a lucrative market for growth because of the increasing livestock population in countries like India and China for commercial and personal use.
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Recent Industry Developments:
- In April 2021, Vetspire was purchased by the Pathway Vet Alliance to bring evolutions in the field of veterinary care. Pathway Vet Alliance is a globally dominating veterinary management group providing its services to pets across 400 locations in the USA. Vetspire is an artificial intelligence-driven platform meant for recording medical data and related practices.
- In February 2021, American Veterinary Group (AVG) and Oak Hill Capital, a middle-market equity firm based in New York entered into a partnership, marking Oak Hill’s record of building an empire of veterinary services post other ventures including Butler Schein and VetCor.
Key questions answered in this report:
- What is the market size and growth rate forecast for Veterinary Consumables industry?
- What are the main driving factors propelling the Veterinary Consumables Market forward?
- What are the leading companies in the Veterinary Consumables Industry?
- What segments does the Veterinary Consumables Market cover?
- How can I receive a free copy of the Veterinary Consumables Market sample report and company profiles?
Report Scope:
| Report Attribute | Report Details |
| Market Size in 2021 | USD 1.72 Billion |
| Market Forecast in 2028 | USD 2.84 Billion |
| Growth Rate | CAGR of 7.45% |
| Base Year | 2021 |
| Forecast Years | 2022- 2028 |
| Key Companies Covered | Midmark Corporation, Avante Health Solutions, Smiths Medical, Suntech Medical Inc., Vetland Medical Sales and Services, B.Braun Melsungen AG, and Shenzhen Mindray Bio-Medical Electronics Co., Ltd. |
| Segments Covered | By Animal Type, Product, Type and Region |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
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The global veterinary consumables market is segmented as follows:
By Animal Type
- Companion Animal
- Livestock Animal
By Product
- Ventilator Supplies
- Anesthesia Supplies
- Imaging Supplies
- Monitoring Supplies
- Others
By Type
- Reusable
- Disposable
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Key Offerings:
- Market Size, Trends, & Forecast by Revenue | 2022-2028
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Animal Type, Product, Type and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Artificial Intelligence
YES Delivers Multiple VeroTherm Formic Acid Reflow Systems To Leading Semiconductor Device Customers
FREMONT, Calif., June 26, 2024 /PRNewswire/ — YES (Yield Engineering Systems, Inc.), a leading manufacturer of process equipment for semiconductor advanced packaging applications, today announced that it has delivered multiple VeroTherm Formic Acid Reflow (FAR) systems to leading logic and memory customers. This system will be utilized to enable 3D stacking of memory and logic chips required to support the growth of high-performance AI accelerators driven by large language model (LLM) applications.
The VeroTherm FAR system is designed to provide solutions for achieving sub 10-micron micro-bump structures with fluxless solder and mass reflow processes. This system enables superior quality and total cost of ownership (CoO) particularly for the manufacturing of advanced packaging architectures such stacked logic and high bandwidth memory (HBM) that are an integral part of the AI accelerators currently being launched in the market.
“The VeroTherm offers unique single wafer chamber design with flexibility to improve reflow quality and addresses challenges associated with reduced bump pitches. YES has demonstrated superior reflow results with no bump cracking defects observed at sub-30 micron pitch and no collapsed bumps with pitches down to 12um. YES proprietary process also results in defect-free solder reflow resulting in high throughput and low CoO. These results can extend bump-based mass reflow technology to sub-10um pitch,” said Alex Chow, SVP Global Sales at YES. “These orders are an important milestone for YES as it is a validation of our efforts to serve the multiple market segments,” Chow added.
According to Saket Chadda, SVP and GM, Dry Business Unit at YES, “Our Verotherm FAR wafer product line offers vacuum based single wafer processing with unique capabilities of performing the task of removing oxides and reflowing solder into excellent bump shapes without defects found in older atmospheric pressure systems. It eliminates SnAg agglomerate defects and rough surfaces while minimizing inter-metallic compound zones with extendibility down to sub-10um micron pitches.”
About YES
YES (Yield Engineering Systems, Inc.) is a leading manufacturer of high-tech, cost-effective equipment for transforming surfaces, materials and interfaces. The company’s product lines include vacuum cure ovens, chemical vapor deposition (CVD) systems, and plasma etching tools used for precise surface modification and thin-film coating of semiconductor wafers, semiconductor and MEMS devices, and biodevices. With YES, customers ranging from startups to Fortune 100 companies can create and volume-produce products in a wide range of markets, including Advanced Packaging, MEMS, Augmented Reality/Virtual Reality and Life Sciences. YES is headquartered in Fremont, California, with a growing global presence. For more information, please visit www.yieldengineering.com.
Media Contact
Alex ChowSVP Business Development & Mktg / Asia PresidentYES (Yield Engineering Systems, Inc.)+886-926136155 [email protected]
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Artificial Intelligence
Amagi Strengthens its European Presence With the Inauguration of a New Office in Poland
Amagi to Develop Flagship LIVE Products at Central European Innovation Center
ŁÓDŹ, Poland, June 26, 2024 /PRNewswire/ — Amagi, a leading global provider of cloud-based SaaS technology for broadcast and Connected TV (CTV), is focusing on engaging with the vibrant young technology talent in Poland as it inaugurates a new office in the bustling center of Łódź. This move underlines Amagi’s dedication to harnessing the exceptional technology skills found in Poland, aiming to shape the future of global media and entertainment.
Poland has strategically positioned itself as a magnet for tech innovation. Its robust educational system produces engineering, computer science, and other tech-related graduates. This abundance of skilled professionals and a supportive environment make Poland a prime location for companies looking to tap into the global tech scene.
“The inauguration of this innovation center in Central Europe marks a key milestone in Amagi’s journey,” says Baskar Subramanian, Co-Founder and CEO of Amagi. “This center will provide a platform for Polish technology professionals to serve our global customers, underscoring Amagi’s strategic vision of being a frontrunner in the cloud-based live broadcast technology domain.”
“The entry of Amagi into our market is a significant event for our technology sector,” says Adam Pustelnik, First Deputy Mayor of the City of Łódź. “This industry is growing rapidly and constantly needs new solutions, specialists, and a specific talent pool. We are delighted to collaborate with such an innovative company and support the development of our City together. I believe that Amagi, as a strong global brand, will help strengthen Łódź’s position in the global media technology market.”
In 2023, Amagi expanded its global footprint by acquiring Tellyo, a Polish company specializing in broadcast technology solutions. This strategic move marked Amagi’s initial foray into the Polish market and proved to be a significant growth catalyst for the company. The talented Polish development teams are now at the forefront of several of Amagi’s industry-leading products, including Tellyo STUDIO, a platform designed to streamline live content production and delivery, and Tellyo PRO, a suite of tools tailored explicitly for high-pressure live broadcast environments like elections and significant sporting events, such as the Olympics.
“At Amagi, we’re driven by four core values that empower everyone in our ecosystem, from employees to customers, to thrive and reach their full potential truly,” says Prasad Menon, Chief People Officer at Amagi. “Our Polish team perfectly embodies this philosophy. Their exceptional talent, dedication, and deep understanding of technology fuel the development of our industry-leading solutions. Their ability to deliver cutting-edge products like Tellyo Studio and Tellyo Pro ensures Amagi continues to meet the ever-changing needs of the global media landscape.”
Amagi has significantly increased its customer base in the European region. It now delivers services to large media and entertainment industry players like DAZN, Grupa Polsat-Interia, and many more. Amagi also delivers linear channels in over 40 countries worldwide, with a strong presence in the American market. Its global client list includes ABS-CBN, AccuWeather, A+E Networks UK, Cineverse, and more.
About Amagi
Amagi is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms. Amagi enables content owners to launch, distribute, and monetize live linear channels on Free Ad-supported Streaming TV and video services platforms. Amagi also offers 24×7 cloud-managed services bringing simplicity, advanced automation, and transparency to the entire broadcast operations. Overall, Amagi supports 800+ content brands, 800+ playout chains, and over 3800+ channel deliveries on its platform in over 150 countries. Amagi has a presence in New York, Los Angeles, London, Paris, Melbourne, Seoul, Singapore, and broadcast operations in New Delhi, and innovation centers in Bangalore, Zagreb, and Łódź.
About Invest in Łódź
Our Bureau supports investors & businesses by being an integrator of diverse entities around the City and its offerings and facilitating relations among stakeholders. Moreover we provide services and tools that create value for future investors and stakeholders and promote the business brand of the City.
Link to Word Doc: www.wallstcom.com/Amagi/240625-Amagi-Poland.docx
Link to Polish Translation: www.wallstcom.com/Amagi/240625-Amagi-Poland-Po.docx
Photo Link: www.wallstcom.com/Amagi/Poland_Office.jpg
Photo Caption: Deputy Mayor of the City of Łódź, Adam Pustelnik, Prasad Menon, Chief People Officer at Amagi, Mariusz OstojaSwierczynski, Senior Director of Engineering at Amagi, and Jakub Majkowski, Founder and COO of Tellyo, at the inauguration of the new innovation center in Łódź.
Amagi Contact:
Aashish Washikar
Director – Corporate Communications
Email: [email protected]
Phone : +91 9533390005
Photo – https://mma.prnewswire.com/media/2447827/Amagi_New_Office.jpg
View original content:https://www.prnewswire.co.uk/news-releases/amagi-strengthens-its-european-presence-with-the-inauguration-of-a-new-office-in-poland-302182268.html
Artificial Intelligence
Synechron to acquire Adelaide-headquartered companies Chamonix IT and Exposé to grow its digital transformation, engineering, AI, and data and analytics capabilities in Australia
This acquisition extends Synechron’s reach across the country, establishing a presence in key hubs and unlocking new industries and clients.
SYDNEY and NEW YORK and LONDON and PUNE, India, June 26, 2024 /PRNewswire/ — Synechron, a global leader in digital transformation consulting for the financial and technology sectors, is proud to announce that it has executed a definitive agreement for the acquisition of Chamonix IT Management Consulting Pty Ltd and Exposé Data Pty Ltd. Both companies are headquartered in Adelaide, Australia, with additional operations in Melbourne and Brisbane and share a common goal of delivering digital transformation, artificial intelligence, and analytics expertise to clients across several key industries including government, healthcare, utilities, energy, and education. The definitive agreement with respect to the acquisition was signed on Tuesday, 25 June, 2024, and is subject to customary closing conditions, including approval by the Australian Foreign Investment Review Board (FIRB).
Chamonix IT, established in 2010, is the leading provider of digital transformation services to organizations in South Australia. With a skilled team of approximately 150 professionals, Chamonix IT has been pivotal in delivering cutting-edge solutions that address complex challenges and drive significant outcomes for enterprise-level and public sector clients. Chamonix IT’s founders established Exposé as a new company in 2016 to bring the same level of expertise, this time focused specifically on data science and engineering, data modelling and visualization, and artificial intelligence. Among the fastest-growing IT organizations in Australia, Exposé currently has a team of approximately 50 people across the country.
The two organizations will join Synechron’s core digital transformation consulting business alongside recently acquired iGreenData, which expanded Synechron’s data and blockchain expertise in the financial services sector. With these additions, Synechron has effectively doubled its presence in the country, achieving coverage across major sectors. This strategic positioning allows the company to capitalize on the growing information technology (IT) investment in Australia encompassing SaaS, IT services, and analytics, while simultaneously enhancing its ability to offer support and solutions across Asia, the Americas, and Europe.
Faisal Husain, Synechron Co-founder and CEO, commented, “We look forward to welcoming Chamonix IT and Exposé into the Synechron family when the acquisition is completed. They will enrich our presence in Australia, bringing fresh expertise and capabilities that complement our ongoing commitment in the region. This move will enhance our service offerings and drive significant value, strengthening our strategy of continuous innovation and client-focused solutions.”
Scott Grigg, CEO of Chamonix IT, said, “Joining forces with Synechron is a significant milestone for us. Our shared dedication to excellence and innovation means we’re exceptionally positioned to offer transformative digital solutions that are second to none.”
Kelly Drewett, CEO of Exposé, added, “Becoming part of the Synechron family represents a massive opportunity. It accelerates our ability to innovate and empowers our employees to take on even more complex challenges on behalf of our clients.”
Technology Holdings acted as the financial advisor to Chamonix IT and Exposé on the transaction.
About Synechron:
At Synechron, we believe in the power of digital to transform businesses for the better. Our global consulting firm combines creativity and innovative technology to deliver industry-leading digital solutions. Synechron’s progressive technologies and optimization strategies span end-to-end Artificial Intelligence, Consulting, Digital, Cloud & DevOps, Data, and Software Engineering, servicing an array of noteworthy financial services and technology firms. Through research and development initiatives in our FinLabs we develop solutions for modernization, from Artificial Intelligence and Blockchain to Data Science models, Digital Underwriting, mobile-first applications and more. Over the last 20+ years, our company has been honored with multiple employer awards, recognizing our commitment to our talented teams. With top clients to boast about, Synechron has a global workforce of 14,000+, and has 55 offices in 20 countries within key global markets. For more information on the company, please visit our website or LinkedIn community.
About Chamonix IT:
Chamonix IT empowers businesses to excel through transformative IT services. Serving both enterprise and government organizations, Chamonix IT delivers tailored solutions that ensure long-term success. Chamonix IT’s expertise spans Advisory, Cloud & Infrastructure, Application Innovation, Security, and Managed Services, enabling businesses to remain competitive and innovative in an ever-evolving landscape. By embracing an adaptable and flexible approach, Chamonix IT helps organizations navigate the complexities of digital transformation to propel their business forward.
About Exposé:
Exposé is a leading data analytics and AI consulting firm delivering data-driven insights and business-focused outcomes to private and public sector clients across Australia. Exposé’s approach is designed to give its clients the quickest and most cost-effective path to tackle data and AI opportunities through best practice. Clients benefit from Exposé’s significant experience, research and development, and innovation, which is at the core of what we do and the values we uphold. Founded in 2016, Exposé is now the largest data analytics and AI business in South Australia and one of only a few female-led technology businesses in the region.
For more information please contact:
Rashmi Joshi,[email protected] [email protected]
OR
Zoe Forbes-Pyfrom (+44) 7718 [email protected]
Logo: https://mma.prnewswire.com/media/1943591/Synechron_Logo.jpg
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