Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

How has the veterinary medical equipment market grown in recent years?

Recent years have seen substantial growth in the size of the veterinary medical equipment market. Predictions suggest an expansion from $3.42 billion in 2024 to $3.69 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.9%. Factors contributing to this growth during the historic period include a rise in pet ownership among generation X and generation Y adults, an increase in pet-related expenditure, and a higher prevalence of diseases.

How is the veterinary medical equipment market size expected to evolve during the forecast period?

Predictions show a swift increase in the plant-based-meat market size over the forthcoming years, with a projected worth of $19.84 billion in 2029 and a compound annual growth rate (CAGR) of 14.4%. This growth during the forecast period is due to many factors including heightened sensitivity regarding animal welfare, the integration of these products in restaurant menus, government-backed initiatives and policies, efforts to tackle climate change, and broadening of product range. The key trends forecasted for this period include advancements in production technology, progression in plant-based alternatives, diversification of products beyond traditional plant-based burgers, alliances, and partnerships with restaurant chains, and an emphasis on health and nourishment.

Get your veterinary medical equipment market report here!

https://www.thebusinessresearchcompany.com/report/veterinary-medical-equipment-global-market-report

Which key drivers are propelling the veterinary medical equipment market’s growth?

The veterinary medical equipment market is anticipated to grow due to increasing pet ownership. The rise in pet ownership is primarily fueled by factors such as increased disposable income, higher awareness of the emotional and physical benefits associated with pet companionship, and evolving societal norms that consider pets as essential members of the family. Pet ownership refers to individuals or families owning animals for companionship or as pets. Veterinary medical tools, like home diagnostic kits and handheld monitoring devices, assist pet owners in better managing their pets’ health, allowing for early detection of diseases and prompt veterinary intervention. As per the American Veterinary Medical Association, a nonprofit professional body, for example, it’s predicted that the number of dog-owning households in the U.S. will rise by 59.8 million in 2024, accounting for 45.5% of all U.S. households. Similarly, cat-owning households are projected to increase by 42.1 million in 2024, amounting to 32.1% of all U.S. households. Hence, the surge in pet ownership is a significant factor propelling the growth of the veterinary medical equipment market.

What are the market segments in the veterinary medical equipment industry?

The veterinary medical equipment market covered in this report is segmented –

1) By Type: Veterinary Diagnostic Equipment, Veterinary Anesthesia Equipment, Veterinary Patient Monitoring Equipment, Other Veterinary Medical Equipment

2) By Product: Instruments/Equipment, Disposables

3) By Animal Type: Small Companion Animals, Large Animals, Other Animals

4) By End User: Veterinary Hospitals, Veterinary Clinics, Research Institutes

Subsegments:

1) By Veterinary Diagnostic Equipment: X-Ray Systems, Ultrasound Systems, Magnetic Resonance Imaging (MRI) Systems, Computed Tomography (CT) Scanners, Endoscopy Devices

2) By Veterinary Anesthesia Equipment: Anesthesia Machines, Ventilators, Vaporizers, Gas Delivery Management Systems, Waste Gas Management Systems

3) By Veterinary Patient Monitoring Equipment: ECG Monitors, Blood Pressure Monitors, Respiratory Monitors, Temperature Monitors, Multiparameter Monitors

4) By Other Veterinary Medical Equipment: Surgical Instruments, Infusion Pumps, Dental Equipment, Laboratory Equipment

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=1979&type=smp

Which leading companies are shaping the growth of the veterinary medical equipment market?

Major companies operating in the veterinary medical equipment market include 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, Renco Corporation, Gervetusa Veterinary Surgical Instruments, X-Cel X-Ray Corp, Surgitel, Div. Of General Scientific Corp, Spectrum Chemical Mfg. Corp, Boston Medical, Enso Doctors, Medical Coaches Inc, Lab Oratorio Proagro S.A., Vesalius Pharma Ltd., Apilab Srl, Ceba, Centrovet, Hoppner Vet, Instituto Veterinario Uruguay S.A, Interchem Ltda, Saudi Pharmaceutical Industries (Spi), Bimeda Chemicals Limited, DBK Pharma S.A.E., MSD Animal Health South Africa, Ceva Animal Health (Pty) Ltd

What key trends are currently impacting the veterinary medical equipment market’s development?

The development of diagnostic technologies has significantly enhanced the quality of veterinary services. Devices like portable x-ray machines and portable ultrasound scanners have boosted the effectiveness of treatment for large/equine animals, pets, exotic and mixed animal practices, especially in emergency injury scenarios. An instance to note is the use of the Wristscan V9 diagnostic tool for conducting pregnancy tests on animals. Incorporating the use of smartphone apps is also gaining traction, with the Alivecor iPhone app being utilized to take electrocardiograms of animals for review by cardiologists.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=1979

Which geographic areas are influencing the growth of the veterinary medical equipment market?

North America was the largest region in the veterinary medical equipment market in 2024. Asia-Pacific was the second-largest region in the veterinary medical equipment market. The regions covered in the veterinary medical equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Browse Through More Similar Reports By The Business Research Company:

Veterinary Parasiticides Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/veterinary-parasiticides-global-market-report

Veterinary Healthcare Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/veterinary-healthcare-global-market-report

Veterinary Anesthesia Equipment Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/veterinary-anesthesia-equipment-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: