Global Veterinary Equipment and Disposables
Market Report
2024
Veterinary Equipment and Disposables market size was USD 1.93 Billion in 2022 and it is forecasted to reach USD 3.23 Billion by 2030. Veterinary Equipment and Disposables Industry's Compound Annual Growth Rate will be 7.63% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Global Veterinary Equipment and Disposables market size was USD 1.93 Billion in 2022 and it is forecasted to reach USD 3.23 Billion by 2030. Veterinary Equipment and Disposables Industry's Compound Annual Growth Rate will be 7.63% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Veterinary Equipment and Disposables Market Sales Revenue 2022 | $ 1.93 Billion |
Global Veterinary Equipment and Disposables Market Sales Revenue 2030 | $ 3.23 Billion |
Global Veterinary Equipment and Disposables Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.63% |
Market Split by Product |
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Market Split by End Users |
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Market Split by Animal Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Veterinary Equipment and Disposables Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Veterinary equipment and disposables are essential for the accurate diagnosis and treatment of illnesses affecting animals. These tools aid in the inspection of animals used for food, preventing food-borne diseases that may cause an outbreak. Numerous end-use industries, including veterinary clinics and hospitals, and research institutions, frequently employ veterinary supplies and disposables. There is a growing need for medical supplies due to increased public awareness of animal welfare issues. A growing number of animals are being treated as a result of the incidence of illnesses including bovine mastitis, rabies, and foot and mouth diseases rising. One of the main causes of the rising demand for supplies and equipment is this, along with rising adoption rates for companion and livestock animals and rising spending on veterinary care.
Globally, the frequency of animal illnesses is increasing as a result of poor hygiene, negligent management, and other nutritional, physiological, or morphological problems in animals. For example, PLOS data from 2021 suggested that the prevalence of bovine TB was 2.4% in China, 7.3% in India, and 2.87 in Spain. According to research released by Research Gate, between 10.0% to 15.0% of all dogs worldwide are thought to have cardiac disease.
Due to the economic harm that zoonotic illnesses, or diseases that may spread from animals to people, can cause, animal diseases continue to be of primary concern. Therefore, a key component of preventing significant epidemics is the early detection of these illnesses. Hence, the veterinary equipment and supplies market is expected to grow at a lucrative rate.
On a worldwide level, there has been a boom in both the adoption rate and total population of companion animals. Several studies have shown that having a companion animal is linked to improved health, including fewer cardiac arrhythmias, normalized blood pressure, reduced anxiety, increased psychological stability, and better overall well-being. Animal ownership is increasing in emerging nations including Brazil, China, India, and Mexico. The demand for pet care goods and services is anticipated to rise in response to the growing pet population, which will in turn fuel the expansion of related sectors including those producing veterinarian supplies and equipment.
The majority of veterinary offices are small or mid-sized, with stringent financial restrictions; the high cost of these systems, as well as the initial setup fees connected with the purchase as well as the maintenance and servicing charges, is a significant market hindrance. Additionally, this had an impact on the adoption of veterinary equipment, which has increased at a lower-than-expected rate. In the field of veterinary goods, new developments and discoveries occur often. Around the world, several colleges and businesses are actively doing research. This was made worse by COVID-19 in 2020 when some goods and equipment became scarcer or more expensive.
The market for veterinary supplies and equipment was significantly impacted by the COVID-19 epidemic. The global lockdowns and travel restrictions brought about by the pandemic have disrupted the supply chain for veterinary supplies and equipment, posing a number of issues for the sector. The availability of several items was impacted by delays in production and distribution, a lack of raw materials, and logistical difficulties, which might result in supply shortages and higher pricing.
Additionally, during the height of the epidemic, routine check-ups and elective surgeries for animals were frequently delayed or canceled. This affected the demand for certain tools and materials related to these services, including dental gear, surgical tools, and anesthetic supplies.
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A strategic partnership, including an equity investment, was announced between Companion Animal Health and HT Biolmaging to co-brand and sell the HTVet product exclusively in the United States and Canada. Companion Animal Health is a division of DJO and a global animal health company that specializes in laser and rehabilitation therapies as well as on-site diagnostic testing in global veterinary markets. At the point of care, HTVet enables the non-invasive, immediate identification of suspected cutaneous and subcutaneous masses.
After announcing its new independent, franchise company ownership model that enables veterinarians to own and operate their practice, PetSmart Veterinary Services (PVS) recently opened its first veterinary hospital location in Peoria, Arizona.
In a partnership with Scandivet, a supplier of veterinary supplies and equipment, Asker Healthcare Group gained access to Sweden's expanding veterinary care industry while providing Scandivet with a solid foundation from which to expand. Following the acquisition, OneMed, a Swedish subsidiary of the Asker Healthcare Group, worked closely with and supported Scandivet as an independent business.
Top Companies Market Share in Veterinary Equipment and Disposables Industry: (In no particular order of Rank)
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A large portion of the veterinary equipment and disposables market was dominated by North America throughout the projection period because of factors including expanding pet adoption and rising per capita spending on veterinary care. The primary engine for market expansion was determined to be the increase in the prevalence of numerous animal illnesses.
The market grew as a result of an increase in pet ownership and pet care spending. For instance, American Pet Products Association's (APPA) conducted a National Pet Owners Survey 2021–2022, which stated that 70% of families in the United States, or 90.5 million homes, had a pet in 20221. Similarly to this, it was anticipated in September 2022 based on information from the Canadian Animal Health Institute (CAHI), it was predicted that 60% of Canadian families will have at least one dog or cat in 2022.
The current report Scope analyzes Veterinary Equipment and Disposables Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Veterinary Equipment and Disposables Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Veterinary Equipment and Disposables Industry growth. Veterinary Equipment and Disposables market has been segmented with the help of its Product, End Users Animal Type, and others. Veterinary Equipment and Disposables market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The worldwide veterinary equipment and supplies market is divided into patient monitors, imaging, anesthesia machines, ventilators, disposables, and other products based on the kind of product. The anesthetic supplies market category dominated the veterinary consumables market. The dominance is linked to the growing need for sterilizing treatments that are carried out utilizing anesthetic agents and consumables, as well as the rising expenditure on animal care on a global scale. For instance, the U.K. is said to have one of the highest rates of dog neutering, with more than 80% of both males and females receiving the procedure, according to statistics from Improve International released in 2019. Additionally, due to the growing popularity of critical care, the ventilator supplies sector is predicted to grow at a faster CAGR during the forecast period.
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Based on end-users, the market is segmented into veterinary clinics and hospitals, research institutes. Throughout the projected period, it is predicted that the clinics segment will continue to dominate the worldwide market. The dominance is a result of the vast number of sick large and small animals that are brought to clinics in industrialized nations, together with the fact that these settings provide appropriate insurance coverage. The market for veterinary hospitals, on the other hand, is anticipated to expand at a sizable CAGR throughout the projected period. One of the key elements anticipated to drive the segment's expansion over the projected period is the accessibility of all cutting-edge tools and supplies for diagnosing and treating animal ailments.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Veterinary Equipment and Disposables market report 2024 Edition by contacting our team.
According to animal type, the market is divided into companion animals and livestock animals. Companion animals dominated the worldwide market among them as a result of an increase in the proportion of families with pets in both developed and developing nations. However, due to increased government and non-profit initiatives to stop disease outbreaks among cattle, pigs, and other farm animals, as well as the expansion of product portfolios by major players for treating diseases specific to these animals, the livestock animals segment is predicted to grow at a significant rate during the forecast period.
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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Veterinary Equipment and Disposables Market is witnessing significant growth in the near future.
In 2023, the Patient Monitors segment accounted for noticeable share of global Veterinary Equipment and Disposables Market and is projected to experience significant growth in the near future.
The Veterinary Clinics and Hospitals segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies BD Animal Health , Covetrus Inc and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product | Patient Monitors, Imaging, Anesthesia Machines, Ventilators, Disposables, Other Products |
End Users | Veterinary Clinics and Hospitals, Research Institutes |
Animal Type | Companion Animals, Livestock Animals |
List of Competitors | BD Animal Health, B. Braun Vet Care GmbH, Covetrus Inc, ICU Medical Inc, Jorgensen Laboratories, Cardinal Health, Integra LifeSciences, Midmark Corporation, Neogen Corporation, Nonin Medical, Digicare Animal Health, Hallowell Engineering And Manufacturing Corporation, Shenzhen Mindray Animal, Medical Technology Co. Ltd, Grady Medical |
This chapter will help you gain GLOBAL Market Analysis of Veterinary Equipment and Disposables. Further deep in this chapter, you will be able to review Global Veterinary Equipment and Disposables Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Veterinary Equipment and Disposables Market Trends North America Veterinary Equipment and Disposables Technological Road Map North America Veterinary Equipment and Disposables Market Drivers North America Veterinary Equipment and Disposables Market Restraints North America Veterinary Equipment and Disposables Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by End Users Analysis 2019 -2031
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Chapter 12 Market Split by Animal Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Veterinary Equipment and Disposables market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Patient Monitors have a significant impact on Veterinary Equipment and Disposables market? |
What are the key factors affecting the Patient Monitors and Imaging of Veterinary Equipment and Disposables Market? |
What is the CAGR/Growth Rate of Veterinary Clinics and Hospitals during the forecast period? |
By type, which segment accounted for largest share of the global Veterinary Equipment and Disposables Market? |
Which region is expected to dominate the global Veterinary Equipment and Disposables Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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