Veterinary Disposables Market Forecast and Analysis: Key Insights into Growth, Trends, and Emerging Opportunities
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How Will the Growth Rate of the Veterinary Disposables Market Shape Industry Trends by 2034?
In recent years, the size of the veterinary disposables market has experienced substantial growth. The market is projected to expand from $0.49 billion in 2024 to $0.55 billion in 2025, with a compound annual growth rate (CAGR) of 12.7%. This growth during the historic period can be associated with a number of factors, including environmentally friendly solutions, improved veterinary facilities, increase in pet ownership, expansion of veterinary healthcare, and the adoption of e-commerce.
In the ensuing years, a quick expansion is projected for the veterinary disposables market, with an estimated value of $0.93 billion by 2029 and a compound annual growth rate (CAGR) of 13.9%. This growth during the forecast period could be linked to a rise in the awareness of veterinary care, worldwide market infiltration, combination of digital health solutions, focus on environmental sustainability, and development of specialized products. Main trends for the forecasted period involve a shift towards environmentally friendly solutions, increased pet ownership, progress in veterinary medicine, a preference for single-use products, and the development of specialized products.
What Major Innovations Are Driving the Accelerated Growth of the veterinary disposables Market?
The expansion of the veterinary disposables market is likely to be spurred on by the rise in pet ownership. This refers to the responsibility of caring for a domesticated creature, which includes meeting their needs such as food, water, shelter, healthcare, and companionship. Veterinary disposables play a significant role in supporting pet owners by improving the access to cutting-edge veterinary tools and disposables, and enhancing the effectiveness and safety of these products. For instance, a report by UK Parliament Committees, a legislative entity based in the UK, revealed in April 2023 that 53% of UK adults were pet owners, a rise from 51% in February 2020. Consequently, the increase in pet ownership propels the growth of the veterinary disposable market.
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Who Are the Key Market Players Influencing the Growth of the Veterinary Disposables Industry?
Major companies operating in the veterinary disposables market include:
• Cardinal Health Inc.
• Becton Dickinson and Company
• Henry Schein Inc.
• B. Braun Melsungen AG
• Covetrus Inc.
What Key Market Trends Are Shaping the Future of the Veterinary Disposables Industry?
Leading corporations in the veterinary disposables market are working on developing unique solutions with an aim to establish a competitive advantage. These innovative solutions are products or services designed to enhance animal health, augment efficiency, and decrease expense. To illustrate, IDEXX Laboratories Inc., a pet healthcare establishment based in the US, unveiled the IDEXX Cystatin B in June 2023. This is the company’s pioneering veterinary diagnostic method for identifying kidney damage in cats and dogs. The IDEXX Cystatin B Test is an uncomplicated urine test that can reveal kidney damage, whether or not there are evident clinical signs, and provide additional knowledge beyond fluctuations in functional markers like SDMA and creatinine.
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How Are Market Segments in the Veterinary Disposables Industry Positioned for Long-Term Growth?
The veterinary disposables market covered in this report is segmented –
1) By Type: Critical Care Consumables, Wound Management Consumables, Fluid Administration And Therapy Consumables, Airway Management Consumables, Gastroenterology Consumables, Needles, Other Types
2) By Animal Type: Small Animals, Large Animals, Other Animal Types
3) By End User: Veterinary Clinics, Veterinary Hospitals, Research Institutes, Other End Users
Subsegments:
1) By Critical Care Consumables: Intravenous (IV) Catheters, Syringes And Fluid Bags
2) By Wound Management Consumables: Bandages And Dressings, Antiseptic Solutions
3) By Fluid Administration And Therapy Consumables: IV Fluids, Infusion Sets
4) By Airway Management Consumables: Endotracheal Tubes, Oxygen Masks
5) By Gastroenterology Consumables: Feeding Tubes, Gastrostomy Tubes
6) By Needles: Hypodermic Needles, Specialty Needles
7) By Other Types: Surgical Drapes, Disposable Gloves, Diagnostic Consumables
Which Regions Are Emerging as Leaders in the Veterinary Disposables Market?
North America was the largest region in the veterinary disposables market in 2024. Asia-Pacific was the second-largest region in the global veterinary disposables market analysis. The regions covered in the veterinary disposables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Is the Veterinary Disposables Market Defined Across Different Regions?
Veterinary disposables refer to a type of product that is meant for single use and is used during the treatment and surgeries of diseases such as cardiology and neurology diseases in animals. The product reduces patient discomfort and distress and the chances of errors during surgical operations.
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