In-Depth Insights into the Veterinary Cardiology Market: Growth, Trends, and Opportunities for 2025-2034
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What key factors are powering the surge in the veterinary cardiology market right now?
The market size of veterinary cardiology has seen robust growth in the past few years. The market is expected to rise from $2.84 billion in 2024 to $3.1 billion in 2025, equating to a compound annual growth rate (CAGR) of 9.1%. Factors contributing to the growth during the historic period include a surge in pet ownership, heightened understanding of pet health, an increase in cardiac ailments in animals, the proliferation of specialty veterinary clinics, and the improved accessibility and cost-efficiency of pet insurance.
How fast Is the veterinary cardiology market expected to grow, and what’s its future value?
The size of the veterinary cardiology market is anticipated to witness significant expansion in the upcoming years. Its value is predicted to reach $4.35 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.8%. This anticipated growth for the forecast period is due to factors such as increasing investments in veterinary cardiology research, the boom of telemedicine services for consults from a distance, the surge in pet adoption rates, growing consumer needs for specialized veterinary care, and a rise in the accessibility of advanced programs for training in veterinary cardiology. Important trends forecasted to shape this period include solutions for cloud security, integrated platforms for collaboration, a heightened emphasis on data privacy and compliance, expedited shifts towards multi-cloud environments, and the evolution of more scalable and adaptable solutions for cloud infrastructure.
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What are the leading drivers of growth in the veterinary cardiology market?
An increase in heart disease among pets and farm animals is expected to fuel the expansion of the veterinary cardiology market. These heart conditions refer to health issues that impact the heart’s structure and function, resulting in compromised blood circulation, diminished cardiac efficiency and overall health complications. Factors such as elongated lifespan, obesity, inappropriate diet, inherited tendencies, and insufficient routine veterinary care are behind the surge in heart disease in pets and livestock. Environmental stressors and alterations in living conditions may also add to the rate of cardiovascular diseases in these animals. Veterinary cardiology plays a critical role in diagnosing, treating, and managing heart diseases in pets and livestock with specialized attention, advanced imaging techniques, and state-of-the-art procedures like minimally invasive surgeries to enhance heart health and life quality. For example, in March 2024, the American Veterinary Medical Association, a non-profit organization located in the US, reported that Myxomatous mitral valve degeneration (MMVD) comprises 75% of all heart-related conditions in dogs in North America. It is the most common heart disease in dogs. Moreover, 85% of small dogs aged 13 years indicate the presence of myxomatous mitral valve lesions, though the presence of a lesion doesn’t guarantee clinical relevance. In the case of MMVD, the projected rate of cardiac fatalities in dogs ranges between 40% and 70%. Thus, the increasing occurrences of heart disease in pets and livestock will stimulate the veterinary cardiology market’s growth.
What are the key segments defining the veterinary cardiology market?
The veterinary cardiology market covered in this report is segmented –
1) By Product: Pharmaceuticals, Diagnostics
2) By Indication: Congestive Heart Failure, Myocardial (Heart Muscle) Disease, Arrhythmias, Other Indications
3) By Animal Type: Companion Animals, Production Animals
4) By End-User: Veterinary Hospitals, Clinics, Other End Users
Subsegments:
1) By Pharmaceuticals: Antihypertensives, Diuretics, Antiarrhythmic Drugs, Beta Blockers, ACE Inhibitors, Calcium Channel Blockers, Positive Inotropes, Nutraceuticals For Cardiac Health
2) By Diagnostics: Electrocardiograms (ECG), Echocardiography Devices, Holter Monitors, Blood Pressure Monitors, Cardiac Biomarker Tests, Thoracic Radiography, Ultrasound Devices, Telemedicine Solutions for Cardiac Monitoring
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Who are the key players steering the development of the veterinary cardiology market?
Major companies operating in the veterinary cardiology market are Merck & Co. Inc., Medtronic plc, Siemens Healthineers AG, Zoetis Inc., Boehringer Ingelheim Animal Health, Royal Canin, IDEXX Laboratories Inc., Ceva Santé Animale S.A., Fujifilm Healthcare Solutions, Dechra Pharmaceuticals PLC, Vetoquinol S.A., ESAOTE S.p.A., SonoScape Medical Corp., Jurox Pty Limited, Eickemeyer Veterinary Equipment GmbH, VetriScience Laboratories Inc., Bionet America Inc., Scil Animal Care Company, Woodley Equipment Company Ltd., Universal Imaging Corporation, VetBlue Inc., TeleVet
What emerging trends are influencing the growth of the veterinary cardiology market?
Leading businesses in the veterinary cardiology sector are pioneering technological improvements such as transcatheter edge-to-edge mitral valve repair (TEER) which can enhance the treatment of cardiovascular diseases in animals, improve surgical results, and provide less invasive options for superior patient recuperation and life quality. TEER, a relatively non-invasive cardiac procedure, aims to rectify mitral valve leaks by employing a clamp to bolster valve performance and lessen cardiac stress. For instance, in February 2023, groundbreaking heart therapy for dogs afflicted with myxomatous mitral valve disease (MMVD), the most prevalent cardiac condition in canines, was unveiled by the UK-based referral center, Willows Veterinary Centre. This technique is now deemed a feasible substitute for surgical repair in human patients, with preliminary clinical trials in dogs exhibiting exceptional potential. The operation is performed under general anesthetic via a small cut in the chest wall. A needle is introduced at the apex of the heart, with continuous X-rays and transesophageal ultrasound guiding its accurate position. This procedure aids proper placement of the V-clamp across the mitral valve, reducing leakage.
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Which regions are most influential in expanding the veterinary cardiology market?
North America was the largest region in the veterinary cardiology market in 2024. The regions covered in the veterinary cardiology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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