What Does the Historical and Current Veterinary Equipment And Supplies Market Size Trend Indicate?
The veterinary equipment and supplies market has seen considerable growth due to a variety of factors.
• In recent years, the veterinary equipment and supplies market has seen substantial growth. Projection figures indicate a rise from $2.1 billion in 2024 to $2.26 billion in 2025, marking a compound annual growth rate (CAGR) of 7.5%. Factors contributing to this growth during the historic period include the impact of the pandemic, advancement in surgical tools, and the evolution of diagnostic equipment.
How Will the Veterinary Equipment And Supplies Market Size?
The Veterinary Equipment And Supplies market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, a significant expansion is anticipated in the veterinary equipment and supplies market. The market is forecasted to grow to $3.13 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 8.6%.
The predicted growth during the forecast period can be credited to increased pet ownership, a focus on preventive healthcare, advancements in diagnostics and imaging, and specialized veterinary services. Key trends for the forecast period consist of the demand for point-of-care testing, geriatric pet care, raised awareness about pet health, specialized consumables, as well as investments in research and development.
Which Factors Are Boosting Growth In The Veterinary Equipment And Supplies Market?
The escalation in the occurrence of ailments in animals is majorly fostering the growth of the veterinary equipment and supplies market. As the figure of overweight pets is steadily rising, illnesses typically linked to obesity such as osteoarthritis, are simultaneously increasing. These veterinary equipment and supplies are crucial for diagnosing and curing diseases in animals. For example, in February 2024, the UK Health Security Agency, an agency managed by the UK government, reported that there were 54 confirmed toxoplasmosis cases in the second quarter of 2023, demonstrating an escalated rate compared to the 37 cases in the same period in 2022. Consequently, the mounting prevalence of animal diseases is anticipated to boost the growth of the veterinary equipment and supplies market in the future.
What Key Areas Define The Segmentation Of The Global Veterinary Equipment And Supplies Market?
The veterinary equipment and supplies market covered in this report is segmented –
1) By Type: Critical Care Consumables, Anesthesia Equipment, Fluid Management Equipment, Temperature Management Equipment, Patient Monitoring Equipment, Research Equipment, Rescue And Resuscitation Equipment
2) By Animal Type: Small Companion Animals, Large Animals
3) By End User: Veterinary Clinics, Veterinary Hospitals, Research Institutes
Subsegments:
1) By Critical Care Consumables: IV Catheters, Syringes and Needles, Surgical Drapes and Covers, Wound Care Supplies
2) By Anesthesia Equipment: Anesthesia Machines, Vaporizers, Endotracheal Tubes, Anesthesia Monitors,
3) By Fluid Management Equipment: Infusion Pumps, IV Fluids, Fluid Warmers, Fluid Administration Sets
4) By Temperature Management Equipment: Heating Pads, Warm Air Blankets, Temperature Monitors
5) By Patient Monitoring Equipment: ECG Monitors, Pulse Oximeters, Blood Pressure Monitors, Capnography Monitors
6) By Research Equipment: Imaging Equipment, Laboratory Equipment, Research Models and Manikins
7) By Rescue And Resuscitation Equipment: Defibrillators, Emergency Oxygen Masks, Resuscitation Bags, Cardiac Monitors
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How Are Emerging Trends Reshaping The Dynamics Of The Veterinary Equipment And Supplies Market?
Evolution in technology has become a significant trend in the veterinary equipment and supplies market, gaining widespread attention. The industry's key players are putting much emphasis on the invention of new tech-savvy equipment and solutions in order to solidify their market standing. For example, Zoetis, a US-based firm renowned for its expertise in the discovery, development, production, and commercialization of a broad spectrum of veterinary drugs, vaccines, and diagnostic products, brought a groundbreaking solution to veterinary care in June 2023. They launched Vetscan Mastigram+, an innovative mastitis diagnostic tool for use on farms. This tool, with its quick and simple flow dipstick test, can identify gram-positive mastitis in dairy cows in just eight hours, conveniently delivering results before their next milking cycle.
Who Are the Key Players In The Veterinary Equipment And Supplies Market?
Major companies operating in the veterinary equipment and supplies market include:
• B. Braun Vet Care GmbH
• Covetrus Inc.
• BD Animal Health
• Cardinal Health Inc.
• ICU Medical Inc.
• Neogen Corporation.
• Integra LifeSciences
• Midmark Corporation
• Jorgensen Laboratories LLC
• Shenzhen Mindray Animal Medical Technology Co Ltd.
• Eickemeyer Veterinary Equipment Inc.
• Digicare Biomedical Technology Inc.
• Dispomed Ltd.
• Grady Medical Systems Inc.
• Mila International Inc.
• Burtons Medical Equipment Ltd.
• Bionet America Inc.
• J & J Instruments Inc.
• Vetronic Services Ltd.
• Advancis Veterinary Ltd.
• New Gen Medical Systems LLC
• DRE Medical Inc.
• Smiths Group plc.
• Vetland Medical Sales and Services LLC
• DeLaval International AB
• Zoetis Inc.
• Ceva Santé Animale S.A.
• Boehringer Ingelheim Animal Health
• Merck & Co. Inc.
• Bayer Animal Health GmbH
What Is The Most Dominant Region In The Veterinary Equipment And Supplies Market?
North America was the largest region in the veterinary equipment and supplies market in 2024. The regions covered in the veterinary equipment and supplies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
