Veterinary Medical Device Market Report 2025 (Global Edition)

Global Veterinary Medical Device Market Report 2025 Market Size Split by Type Outlook: (Veterinary Diagnostic Equipment, Surgical Instruments, X-Ray Equipment, Others), by Application Outlook: (Pet Ho...

Veterinary Medical Device Market Report Description

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Veterinary Medical Device Market Insights Video

Competitive Landscape of the Veterinary Medical Device Market

The veterinary medical device industry is characterized by a fragmented competitive landscape. Notably, established businesses such as Covetrus Inc., IDEXX Laboratories Inc., Integra LifeSciences Corporation, Mindray Medical International Limited, Midmark Corporation, and others hold a relatively smaller share of the global market. Important players are always concentrating on expanding their product portfolios through strategic partnerships with other players and global product commercialization.

January 2024: The Vet40, surgical vital signs monitor was released by SunTech for use with companion animals. This new monitor will enhance the features of the scientifically proven SunTech Vet BP devices. (Source: https://www.suntechmed.com/about-suntech/news/2215-suntech-medical-launches-vet40#:~:text=The%20Vet40%20is%20both%20portable,traces%2C%20even%20when%20powered%20down. ) April 2023: The innovative zero-helium MRI equipment from Hallmarq Veterinary Imaging was introduced. For small animal patients, access to diagnostic care has improved because to Hallmarq's zero-helium 1.5T MRI scanner. Utilizing this tactic, the business was able to improve the products it offered and solidify its place in the market. (Source: https://www.veterinary-practice.com/2023/hallmarq-launches-worlds-first-veterinary-specific-zero-helium-small-animal-1-5t-mri#:~:text=Hallmarq%20launches%20world's%20first%20veterinary%2Dspecific%2C%20zero%2Dhelium%20small,helium%20to%20cool%20the%20MRI%20magnet%20coils. )

Top Companies Market Share in Veterinary Medical Device Industry: (In no particular order of Rank)

• 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
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Veterinary Medical Device Market

Which Region Dominates the Veterinary Medical Device Market in 2024?

According to Cognitive Market Research, North America currently dominates the Veterinary Medical Device market, and the region is expected to have significant growth during the projected period. North America leads the way in the use of cutting-edge veterinary technologies. Continuous innovation in surgical instruments, diagnostic tools, and treatment modalities is observed in the market, indicating a dedication to providing superior veterinary care. From normal pet care to specialist treatments, a wide range of services are guaranteed by the region's well-established veterinarian care system.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The global market for veterinary medical devices is expanding rapidly in the Asia-Pacific area because of reasons such as increased disposable incomes, rising pet ownership, and changing standards for veterinary treatment. A growing number of households in the region are adopting pet ownership as disposable incomes increase. The need for veterinary services and related supplies is being driven by the rise in pet ownership, which includes exotic and companion animals.

The current report Scope analyzes Veterinary Medical Device 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

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Veterinary Medical Device Market Analysis

According to Cognitive Market Research, the global Veterinary Medical Device market size was estimated at USD 2351.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 940.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Veterinary Medical Device market with a market size of USD 742.04 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period because more people are adopting pets and because diseases that affect livestock animals are becoming more common.
• The Canada Veterinary Medical Device market had a market share of USD 112.86 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. A key driver of the market's expansion is the rising incidence of illnesses in animals.
• The Mexico Veterinary Medical Device market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 85.58 million in 2024.

Europe Veterinary Medical Device Market Analysis

According to Cognitive Market Research, the global Veterinary Medical Device market size was estimated at USD 2351.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 705.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.

• The United Kingdom Veterinary Medical Device market had a market share of USD 118.50 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period since both the number of companion animals and the cost of providing animal healthcare are rising.
• The France Veterinary Medical Device market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 64.89 million in 2024.
• According to Cognitive Market Research, the German Veterinary Medical Device market size was valued at USD 139.66 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period because of the rise in zoonotic and veterinary illnesses.
• The Italy Veterinary Medical Device market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 60.66 million in 2024.
• The Russia Veterinary Medical Device market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 109.33 million in 2024.
• The Spain Veterinary Medical Device market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 57.84 million in 2024
• The Luxembourg Veterinary Medical Device market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 21.87 million in 2024.
• The Portugal Veterinary Medical Device market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 14.81 million in 2024.
• The Greece Veterinary Medical Device market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 8.46 million in 2024.
• The Rest of Europe's Veterinary Medical Device market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 109.33 million in 2024.

Asia Pacific Veterinary Medical Device Market Analysis

According to Cognitive Market Research, the global Veterinary Medical Device market size was estimated at USD 2351.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 540.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Veterinary Medical Device market size was valued at USD 243.35 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period due to the rise in the number of pet adoptions and the prevalence of diseases that affect agricultural animals.
• The Japan Veterinary Medical Device market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 74.63 million in 2024.
• The India Veterinary Medical Device market had a market share of USD 64.89 million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. The growing number of animal diseases is one of the main factors propelling the market's growth.
• The South Korean Veterinary Medical Device market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 54.08 million in 2024.
• The Australian Veterinary Medical Device market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 28.12 million in 2024.
• The South East Asia Veterinary Medical Device market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 37.31 million in 2024.
• The Rest of Asia Pacific Veterinary Medical Device market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 38.40 million in 2024.

South America Veterinary Medical Device Market Analysis

According to Cognitive Market Research, the global Veterinary Medical Device market size was estimated at USD 2351.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 117.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Veterinary Medical Device market size was valued at USD 50.32 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period because the cost of providing healthcare for animals is increasing along with the number of companion animals.
• Argentina's Veterinary Medical Device market had a market share of USD 19.75 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period due to the increase of veterinary and zoonotic diseases.
• Colombia Veterinary Medical Device market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 10.46 million in 2024.
• Peru Veterinary Medical Device market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 9.64 million in 2024.
• Chile Veterinary Medical Device market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 8.46 million in 2024.
• The Rest of Latin America's Veterinary Medical Device market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 18.93 million in 2024.

Middle East Veterinary Medical Device Market Analysis

According to Cognitive Market Research, the global Veterinary Medical Device market size was estimated at USD 2351.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 47.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031..

• The GCC Countries Veterinary Medical Device market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 20.13 million in 2024 as a result of the increase in the adoption of pets and the frequency of illnesses affecting farm animals.
• The Egypt Veterinary Medical Device market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 4.94 million in 2024.
• The South Africa Veterinary Medical Device market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 7.43 million in 2024 because zoonotic and veterinary diseases are on the rise.
• The Turkey Veterinary Medical Device market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 4.04 million in 2024.
• The Nigeria Veterinary Medical Device market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 4.94 million in 2024.
• The Rest of the MEA Veterinary Medical Device market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 5.55 million in 2024.

Veterinary Medical Device Market Analysis

How are Segments Performing in the Global Veterinary Medical Device Market?

Veterinary Medical Device Market Type Segment Analysis

According to Cognitive Market Research, the veterinary diagnostic equipment category is likely to dominate the Veterinary Medical Device Market over the forecast period driven by the rising need for preventative treatment and early disease diagnosis in animals. The increasing worldwide pet ownership and improved understanding of animal health have led to a heightened focus on innovative diagnostic technologies. This sector is growing as a result of advancements in veterinary diagnostics, such as blood analyzers, imaging equipment, and point-of-care testing supplies.

The surgical instruments are the fastest-growing segment in the Veterinary Medical Device Market. The demand for very precise devices is rising due to the development of intricate animal surgical procedures, such as orthopedics, dentistry, and soft tissue surgery. The need for specialized surgical instruments is being driven by developments in surgical technologies, such as less invasive procedures. More advancements in this category are anticipated as a result of the growing demand for veterinary surgical equipment brought about by the growth in companion animal populations and the rising willingness of pet owners to spend money on surgical care.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Veterinary Medical Device Industry. Request a Free Sample PDF!

Veterinary Medical Device Market Application Segment Analysis

According to Cognitive Market Research, the pet hospitals segment holds the largest share of the market as a result of an increase in pet ownership and a growing consciousness of animal health. Specialized medical equipment for diagnosis, treatment, and surgery is being added to pet hospitals, making them more sophisticated. Pet hospitals are becoming more and more in need of advanced equipment to handle a wide range of animal health problems; this includes imaging devices, surgical tools, and monitoring systems. The availability of pet insurance is also a major factor in this rise, as it motivates pet owners to seek out high-quality medical care.

In the Veterinary Medical Device Market, the Veterinary Clinics has been expanding at a rapid pace as a result of the growing need for easily accessible and reasonably priced veterinarian services. Smaller than hospitals, veterinary clinics specialize in outpatient services like immunizations, minor treatments, and preventive care. As clinics strive to provide effective care for routine check-ups and minor operations, there is an increasing need for portable and affordable medical devices in this industry.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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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.

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