The veterinary disposables market has experienced rapid growth, rising from $0.43 billion in 2023 to $0.49 billion in 2024, at a CAGR of 13.4%. This growth is driven by environmentally conscious solutions, enhanced veterinary facilities, rising pet ownership, and veterinary healthcare expansion. The market is expected to grow further, reaching $0.82 billion by 2028, with a CAGR of 13.6%. Future growth drivers include increased veterinary care awareness, global market penetration, digital health solutions, and specialized product development. Key trends include sustainable solutions, advanced veterinary medicine, and single-use products.
Major Driver In The Veterinary Disposables Market
The growth of the veterinary disposables market is expected to be fueled by the increasing trend of pet ownership. Pet owners, responsible for meeting their pets' various needs, are seeking advanced veterinary equipment and disposables to enhance pet care. In 2021, Chewy, Inc. reported a significant adoption rate, with around 977,202 pets adopted in the US, marking the highest adoption rate of 61% in the past six years. This surge in pet ownership is a key factor contributing to the growth of the veterinary disposables market, with market size projections for 2023, 2024, and 2028 aligning with this upward trend.
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Veterinary Disposables Market Competitive Landscape
Cardinalhealth Inc., Pfizer Inc., Abbott Laboratories, Medtronic plc, Becton Dickinson and Company, Henry Schein Inc., B. Braun Melsungen AG, Covetrus Inc., Mindray Medical International Limited, Smiths Group plc, IDEXX Laboratories Inc., Varian Medical Systems Inc., Midmark Corporation, Heska Corporation, Abaxis Inc., Nonin Medical Inc., Digicare Biomedical Technology Inc., ACON Laboratories Inc., Jorgensen Laboratories Inc., DRE Veterinary Inc., Vetland Medical Sales and Services, Zomedica Pharmaceuticals Corp., Synedgen Inc., Patterson Companies Inc., Piavita AG, TriviumVet Inc., ITL Biomedical Ltd., Central Biomedia Inc., Vetronic Services Ltd., Optomed Oyj, Dextronix Inc.
Key Veterinary Disposables Market Trend
Major companies operating in the veterinary disposables market are focused on introducing innovative solutions to gain a competitive edge in the market. Innovative solutions refer to products or services that can help improve animal health outcomes, increase efficiency, and reduce costs. For instance, in June 2023, IDEXX Laboratories Inc., a US-based pet healthcare company, launched IDEXX Cystatin B, its first veterinary diagnostic test for detecting kidney injury in cats and dogs. The IDEXX Cystatin B Test is a simple urine-based test that can uncover kidney injury when clinical signs may or may not be apparent and gain additional insights beyond the changes in functional markers such as SDMA and creatinine.
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Veterinary Disposables Market Segmentation
The veterinary disposables market covered in this report is segmented –
1) By Type: Critical Care Consumables, Wound Management Consumables, Fluid Administration and Therapy Consumables, Airway Management Consumables, Gastroenterology Consumables, Needles, Other Types
2) By Animal Type: Small Animals, Large Animals, Other Animal Types
3) By End User: Veterinary Clinics, Veterinary Hospitals, Research Institutes, Other End Users
By Geography:The regions covered in the veterinary disposables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the veterinary disposables market in 2023.
The Veterinary Disposables Global Market Report 2024 furnishes information about the global veterinary disposables market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
