Veterinary Medical Equipment Market Report 2026

Veterinary Medical Equipment Market Overview

• veterinary medical equipment market size has reached to $3.63 billion in 2025 • Expected to grow to $5.24 billion in 2030 at a compound annual growth rate (CAGR) of 7.7% • Growth Driver: Increasing Pet Ownership Boosts The Veterinary Medical Equipment Market • Market Trend: Advanced Vet-Centric Scanning Solutions • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Veterinary Medical Equipment Market?

Veterinary medical equipment refers to types of medical devices and surgical equipment such as endoscopic systems, dental equipment, and veterinary telemetry services that are used for operations, therapy, keeping track of diagnoses and vitals, and enhancing animal care to slow down the progression of diseases. The main types of veterinary medical equipment are veterinary diagnostic equipment, veterinary anesthesia equipment, veterinary patient monitoring equipment, and other veterinary medical equipment. Veterinary diagnostic equipment refers to a range of medical tools and devices used by veterinarians to assess, diagnose, and monitor the health of animals. These types of equipment are used for animals such as small companion animals, large animals, and other animals. The products used are instruments, equipment, and disposables which are used in veterinary hospitals, veterinary clinics, and research institutes.

What Is The Veterinary Medical Equipment Market Growth Forecast?

The veterinary medical equipment market size is expected to see strong growth in the next few years. It will grow to $5.24 billion in 2030 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to technological advancements in imaging & monitoring, integration of ai in veterinary equipment, expansion of telemedicine & remote monitoring, rising investments in veterinary r&d, growth in pet insurance & healthcare spending. Major trends in the forecast period include telemedicine integration, portable & point-of-care devices, minimally invasive surgical techniques, predictive animal health analytics, equipment standardization & modular design.

What Is The Driver Of The Veterinary Medical Equipment Market?

Increasing pet ownership is expected to drive the veterinary medical equipment market. Pet ownership refers to the practice of individuals or families keeping animals as companions or pets. Increasing pet ownership is primarily driven by rising disposable incomes, greater awareness of the emotional and physical benefits of pet companionship, and shifting societal norms that view pets as integral family members. Veterinary medical equipment used by pet owners, such as home diagnostic kits and portable monitoring devices, empowers them to better manage their pets' health, facilitating early detection of illnesses and ensuring timely veterinary care. For instance, in October 2024, according to the American Veterinary Medical Association, a nonprofit professional association, the total number of dog-owning households in the U.S. is projected to increase by 59.8 million in 2024, which is 45.5% of all U.S. households, and the number of cat-owning households has increased by 42.1 million in 2024, which is 32.1% of all U.S. households. Therefore, the rise in pet ownership is driving the growth of the veterinary medical equipment industry.

Key Players In The Global Veterinary Medical Equipment Market

Major companies operating 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., Applied Bio Diagnostics Private Limited, Zoetis, Elanco, Merck Co. Inc, Vetpak, Agilis Ltd, Eickemeyer, Vetlabsupplies, Burtons, Dixion, Vic Group, Vetmarket, Draminski, Gervetusa Veterinary Surgical Instruments, X-Cel X-Ray Corp, Surgitel, Ceba, Centrovet, Hoppner Vet, Instituto Veterinario Uruguay S.A

Global Veterinary Medical Equipment Market Trends and Insights

Major companies operating in the animal services market are focusing on technological advancements such as Magnifico Vet MRI System to sustain their position. Magnifico Vet MRI System is a new imaging solution that provide diagnostic efficacy in a variety of veterinary hospitals. For instance, in January 2023, Esaote North America, Inc., a US-based animal health technology company, launched Magnifico Vet MRI System which is built for animals of various sizes. The eco-conscious Magnifico Vet utilizes sustainable green permanent-magnet technology which operates without the need for cryogens and consumes substantially less power compared to superconducting systems. It represents a remarkable feat of functional design, poised to provide exceptional diagnostic image quality.

What Are Latest Mergers And Acquisitions In The Veterinary Medical Equipment Market?

In October 2025, OR Technology Group, a UK‑based provider of veterinary imaging equipment, service and support solutions including multimodality diagnostic imaging systems, acquired VetEquip Ltd. for an undisclosed amount. With this acquisition, OR Technology Group aimed to expand its European footprint and enhance its technical service and support capabilities in the veterinary medical equipment market, improving response times and service quality for veterinary professionals. VetEquip Ltd. is an Ireland‑based provider of veterinary equipment sales, service and repair, offering products such as ultrasound, X‑ray, endoscopy and dentistry equipment along with related technical support.

What Defines the Veterinary Medical Equipment Market?

The veterinary medical equipment market consists of sales of stethoscopes, ultrasounds, x-ray machines, sonography machines, and intravenous pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Veterinary Medical Equipment Market Report 2026?

The veterinary medical equipment market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the veterinary medical equipment industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.