On the basis of region, the global veterinary equipment and disposables market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds a dominant position in the global veterinary equipment and disposables market and is expected to retain its dominance over the forecast period. This attributes to high incidence of chronic animal diseases such as cancer as well as rising investments in animal healthcare. For instance, according to the Animal Cancer Foundation, 2015, around 65 million dogs and 32 million cats live in the U.S. and around 6 million new cancer cases in dogs and cats are reported every year. The data also suggests that one-third of all tumors in dogs are skin tumors, while around 20% are mast cell tumors. Moreover, in 2017, the Blue Buffalo Foundation granted US$ 1 Mn to the Animal Cancer Foundation for the Canine Cancer Genome Project to map the tumor genomes and develop effective therapies.
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Furthermore, Asia Pacific is expected to witness a significant growth in the market, owing to rising incidence of infectious animal and livestock diseases that are leading to rising demand for treatment options. According to the Global Animal Disease Intelligence Report 2015, 157 outbreaks of serotype O were reported in different cities of Republic of Korea, primarily in pig farms cattle and goats. Moreover, the players in the Asia Pacific region are targeting international markets to create a significant position in the global market. For instance, in February 2017, Samsung Electronics in collaboration with Henry Schein, Inc. introduced PT10V, point-of-care (PoC) blood analyzer for animal blood tests at the North American Veterinary Community (NAVC) Conference in Orlando, Florida.
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