Veterinary Patient Monitoring Equipment Outlook 2034: Key Drivers, Trends, and Market Frontiers
Discover trends, market shifts, and competitive outlooks for the veterinary patient monitoring equipment industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
#How Has The Veterinary Patient Monitoring Equipment Market Size Shifted, And What Is the Outlook Through 2034?#_x000D_
The market for veterinary patient monitoring equipment has seen robust growth in the past few years. It is projected to increase from $0.67 billion in 2024 to $0.73 billion in 2025, marking a compound annual growth rate (CAGR) of 8.7%. This significant growth during the historical period is a result of factors such as the increase in pet ownership and pet humanization, along with a rise in chronic diseases among pets. Additionally, awareness regarding the advantages of veterinary patient monitoring and various government initiatives also contribute to this growth._x000D_
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The market for veterinary patient monitoring equipment is anticipated to experience robust growth in the subsequent years. It is projected to expand to a worth of $1 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.1%. The expected growth in this period is due to factors such as increased spending on pet healthcare, proliferation of telemedicine in the veterinary field, global expansion of veterinary services, rising consumer demand for individualized pet care, and the increasing trend of pet insurance. Significant trends during this forecasted time frame encompass technological advancements, the adoption of wearable monitoring gadgets, the rise of remote monitoring and telehealth, wireless connectivity, and environment-friendly monitoring options._x000D_
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#How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the Veterinary Patient Monitoring Equipment Market?#_x000D_
Rising instances of health conditions among animals serve as a major propellant for the expansion of the market for veterinary patient monitoring equipment. There is an escalating need for such equipment because of the rise in diseases in livestock and pet animals, required for disease detection. As an illustration, in July 2023, the World Health Organization – a Switzerland-based UN organization responsible for global public health – received reports of severe H5N1 bird flu outbreaks in chickens and wild birds from 67 countries across five continents. Approximately 131 million domestic birds had to be eliminated because of sickness or containment strategies on impacted farms and in neighborhoods in 2022. This surge in the rate of animal disease prevalence consequently leads to an amplified demand for better veterinary patient monitoring equipment in the market._x000D_
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#Which Segments in the Veterinary Patient Monitoring Equipment Offer the Most Growth?#_x000D_
The veterinary patient monitoring equipment market covered in this report is segmented –_x000D_
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1) By Product: Cardiac Monitoring Devices, Respiratory Monitoring Devices, Remote Patient Monitoring Devices, Multi-Parameter Monitoring Devices, Neuromonitoring Devices, Other Products_x000D_
2) By Animal: Small Companion Animals, Large Companion Animals, Wild Animals, Zoo Animals, Aquatic Animals, Exotic Animals_x000D_
3) By End User: Veterinary Hospitals, Veterinary Clinics, Veterinary Research Centers_x000D_
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Subsegments:_x000D_
1) By Cardiac Monitoring Devices: ECG Or EKG Monitors, Heart Rate Monitors, Pulse Oximeters, Blood Pressure Monitors_x000D_
2) By Respiratory Monitoring Devices: Capnography Monitors, Pulse Oximeters, Respiratory Rate Monitors, Spirometers_x000D_
3) By Remote Patient Monitoring Devices: Wearable Monitors, Telemedicine Systems, Mobile Health Devices_x000D_
4) By Multi-Parameter Monitoring Devices: Infusion Pumps, Vital Sign Monitors, Multivariable Monitors_x000D_
5) By Neuromonitoring Devices: EEG Monitors, BIS Monitors, Evoked Potential Monitors_x000D_
6) By Other Products: Temperature Monitors, Fetal Monitors, Glucose Monitoring Devices_x000D_
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#What Are the Fastest-Growing Geographies in the Veterinary Patient Monitoring Equipment Market?#_x000D_
North America was the largest region in the veterinary patient monitoring market in 2023. Asia-Pacific was the second-largest region in the global veterinary patient monitoring market share. The regions covered in the veterinary patient monitoring equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa._x000D_
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#What Key Market Trends and Innovations Are Shaping the Future of the Veterinary Patient Monitoring Equipment Industry?#_x000D_
The use of wearable technology is becoming increasingly popular among veterinarians and those who own pets or livestock as an effective way to monitor animal behavior. These are intelligent electronic devices, which can be worn on the body or integrated into clothes or accessories, and they are used to track body temperature, conduct, and movement in animals. These wearable devices offer immediate insights into an animal’s overall health and equip the vet with the necessary information to correctly diagnose the animal. A case in point is Vetrax, a wearable sensor that fits onto a dog’s collar, enabling both clinicians and pet owners to keep track of an animal’s activities when not directly observed. A survey by Veterinary Practice News indicates that 83% of pet owners appreciate the use of this technology, while 68% deem it an effective method to oversee their pets’ weight and diabetes._x000D_
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#What Are the Key Elements That Define the Veterinary Patient Monitoring Equipment Market?#_x000D_
Veterinary patient monitoring equipment refers to a type of devices and instruments that continuously track and record changes in patient wellbeing, monitor animals’ respiration, blood pressure, and other vital signs, and provide warning systems. These systems are used to continuously monitor the animals to detect diseases at early stages to prevent any risks._x000D_
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