Veterinary Eye Care Market Report – The Future of Healthcare – Hunter Women’s Chronicle
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This report provides a comprehensive view of the veterinary eye care market with trend and forecast estimates. The document includes key market players including Zucchi, Welch Allyn, Levis Labs, and ProQuix. Author Zach Curliss discusses the current state of the market and what marketers need to know to create a successful future campaign.
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Veterinary Eye Care Market, Find Growth 2020-2025
The veterinary eye care market has witnessed a healthy development lately, with an increasing demand for innovative and high-tech veterinary treatments, resulting in cost containment across the industry. The need for such treatments is not just limited to veterinary medicine, with humans increasingly using PET imaging, eye surgery, and health technologies specifically aimed at the canine and feline markets.
Veterinary eye care market, declining sales
The future of healthcare will depend on what happens in the veterinary eye care market. Today, veterinarians have many options for treating and managing eye conditions in their pets. The result showed a steady decline in sales of these treatments since 2013, with many more companies offering non-cash methods of care to counter this decline. Many factors contributed to the decline in veterinary eye care sales in 2013, such as rising costs for veterinary services and products, rising drug prices, and government policies. These factors resulted in an estimated overall decline of 1% in sales volume.
Business Opportunities in the Veterinary Eye Care Market
In their recent report “The Future of Healthcare: Trends and Opportunities in Veterinary Eye Care”, veterinary eye care industry professionals Bright Point Consulting stated that the veterinary eye care services sector offers vast potential for growth. , especially in emerging economies. They noted that potential markets for clinicians practicing veterinary eye care have significant market potential, which includes developing as well as developed countries. This also makes it very lucrative with annual licensing revenue expected to reach $4 billion by 2020.
Companion animals to help engage consumers and improve protection mechanisms
Every day, most veterinarians, ophthalmic veterinarians, pet owners, and people who want to see their pets better are faced with the increasing workload of an ever-growing population. This can be seen by comparing a state or country’s total eye care against their reported pet samples. In 2016, America had 171 million pets, which could represent an increase of about 1% in the total number of ophthalmology projects worldwide between 2011 and 2016.
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Developing policies to prevent eye conditions
Some policies have been put in place to prevent eye conditions, and there is a continuous push in policy development. Some companies have created advertisements that encourage cats to look outside more, warning of the dangers of cataracts which can sometimes be alleviated with new drug treatments. Much of the current research concerns genetic eye mutations, as they can cause different types of vision problems. The eye care market is expected to grow from US$23.04 billion in 2025 to US$XX billion by 2025, at a compound annual growth rate of 6.4%. The market outlook is optimistic with higher adoption rates predicted for new technologies such as contact lenses and laser vision correction products, coupled with growing affiliate payer acceptance in verticals and North American and European countries.