The Veterinary Medical Equipment Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Veterinary Medical Equipment Market?
The Veterinary Medical Equipment Global Market Report 2025 indicates that the market size has been on a strong growth trend recently. The market size, which was $3.42 billion in 2024, is expected to reach $3.69 billion in 2025. This represents a compound annual growth rate (CAGR) of 7.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Veterinary Medical Equipment Industry?
The Veterinary Medical Equipment Global Market is forecasted to reach $4.93 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.5%.
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What are the Key Growth Drivers Fueling the Veterinary Medical Equipment Market?
The key drivers in the veterinary medical equipment market are:
• Increased adoption of companion animals and the subsequent need for their healthcare
• Improved efficiency in veterinary treatments due to modern tools like portable x-rays and ultrasound scanners
• The strengthened global middle class and higher standards of living, contributing to more pet adoption and veterinary care
• A growing emphasis on pet vaccinations, microchipping, and early disease detection, which necessitates more advanced veterinary equipment.
Global Market Segmentation: Identifying Major Veterinary Medical Equipment Industry Segments
The veterinary medical equipment market covered in this report is segmented –
1) By Type: Veterinary Diagnostic Equipment, Veterinary Anesthesia Equipment, Veterinary Patient Monitoring Equipment, Other Veterinary Medical Equipment
2) By Product: Instruments/Equipment, Disposables
3) By Animal Type: Small Companion Animals, Large Animals, Other Animals
4) By End User: Veterinary Hospitals, Veterinary Clinics, Research Institutes
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What are the Emerging Trends Shaping the Future of the Veterinary Medical Equipment Market?
The key trends in the veterinary medical equipment market are:
• Invest in advanced technologies for quicker and more accurate diagnosis.
• Adoption of companion animals will prompt a surge in veterinary equipment market.
• Veterinarian diagnosis service providers should embrace molecular biology for early disease detection.
• Utilization of 3D printing technology for versatile and personalized veterinary supplies is anticipated.
Who Are the Top Competitors & Leading Players in the Veterinary Medical Equipment Market?
Major companies in the veterinary medical equipment market are:
• Covetrus Inc.
• IDEXX Laboratories Inc.
• Integra LifeSciences Corporation
• Mindray Medical International Limited
• Midmark Corporation
• Smiths Group plc
• Carestream Health
• Agfa-Gevaert Group
• Nonin Medical
• B. Braun Vet Care GmbH
• Risol International Industrial Co., Limited
• Guangzhou Medsinglong Import & Export Co., Ltd.
• Arosol Chemicals Private Limited
• Applied Bio Diagnostics Private Limited
• Zoetis
• Elanco
• Merck Co. Inc
• Vetpak
• Agilis Ltd
• Eickemeyer
• Vetlabsupplies
• Burtons
• Virbac
• Avz Animal Health
• Dixion
• Vic Group
• Vetmarket
• Draminski
• Chifa
• Ogena Solutions
• Axiom Medical Inc
• Carolina Scales Inc
• Cenogenics Corp
• Renco Corporation
• Gervetusa Veterinary Surgical Instruments
• X-Cel X-Ray Corp
• Surgitel, Div. Of General Scientific Corp
• Spectrum Chemical Mfg. Corp
• Boston Medical
• Enso Doctors
• Medical Coaches Inc
• Lab Oratorio Proagro S.A.
• Vesalius Pharma Ltd.
• Apilab Srl
• Ceba
• Centrovet
• Hoppner Vet
• Instituto Veterinario Uruguay S.A
• Interchem Ltda
• Saudi Pharmaceutical Industries (Spi)
• Bimeda Chemicals Limited
• DBK Pharma S.A.E.
• MSD Animal Health South Africa
• Ceva Animal Health (Pty) Ltd
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the veterinary medical equipment market in 2024
