Global Veterinary Equipment And Supplies Industry Trends: Where the Market Is Headed by 2029
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How Much Larger Is The Veterinary Equipment And Supplies Market Expected To Become By 2029 Compared With Its 2025 Level?
The veterinary equipment and supplies market has demonstrated substantial growth in recent years. This market is expected to expand from $2.1 billion in 2024 to $2.25 billion in 2025, achieving a compound annual growth rate (CAGR) of 7.3%. The expansion observed in the historic period is attributable to pandemic influence, surgical instrumentation advances, and diagnostic equipment evolution.
The veterinary equipment and supplies market is projected to experience substantial expansion over the upcoming years. This market is forecast to reach $3.12 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 8.5%. This anticipated growth is primarily driven by factors such as an increase in pet ownership, a greater emphasis on preventive healthcare, advancements in diagnostics and imaging technologies, and the expansion of specialized veterinary services. Key developments expected during this period involve a rising demand for point-of-care testing, enhanced care for geriatric pets, an evolving awareness regarding pet health, the availability of specialized consumables, and increased investments in research and development.
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What Are The Emerging Market Drivers Creating New Opportunities In The Veterinary Equipment And Supplies Industry?
The expanding occurrence of animal diseases is a major factor boosting the veterinary equipment and supplies market. With more pets becoming obese, related conditions like osteoarthritis are also becoming more common. These essential veterinary tools and supplies are crucial for diagnosing and treating animal ailments. For example, the UK Health Security Agency reported in February 2024 that 54 toxoplasmosis cases were confirmed in the second quarter of 2023, a rise from 37 in the same quarter of 2022. Consequently, the growing prevalence of animal diseases is anticipated to drive the expansion of the veterinary equipment and supplies market in the future.
What Are The Emerging Segments Gaining Attention In The 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
Which Key Trends Are Expected To Influence The Veterinary Equipment And Supplies Market In The Coming Years?
Technological advancements have emerged as a significant trend gaining popularity in the veterinary equipment and supplies market. Major companies operating in the veterinary equipment and supplies sector are concentrating on developing novel technological equipment and solutions to bolster their market position. For instance, in June 2023, Zoetis, a US-based animal health company specializing in the discovery, development, manufacture, and commercialization of a diverse array of veterinary medicines, vaccines, and diagnostic products, introduced an innovative solution to the field of veterinary care with the launch of Vetscan Mastigram+. This on-farm mastitis diagnostic tool employs a rapid and straightforward flow dipstick test, facilitating the detection of gram-positive mastitis in dairy cows within a mere eight hours, conveniently delivering results prior to the subsequent milking session.
Which Industry Leaders Are Driving Innovation Across The Veterinary Equipment And Supplies Market?
Major companies operating in the veterinary equipment and supplies market are 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
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How Does The Veterinary Equipment And Supplies Market Perform Across Key Geographic Regions?
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.
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