Global Veterinary Disposables Market Size
Veterinary Healthcare

Key Takeaways From The Global Veterinary Disposables Market Forecast 2024

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Veterinary Disposables Global Market Report 2024, the veterinary disposables market is expected to show significant growth in the forecast period.

The veterinary disposables market has experienced remarkable growth in recent years, driven by various factors that reflect changes in pet ownership and veterinary practices. This blog explores the current state and future prospects of this burgeoning market.

Market Growth Overview

  • Recent Growth: The veterinary disposables market grew from $0.43 billion in 2023 to $0.49 billion in 2024, reflecting a compound annual growth rate (CAGR) of 13.4%.
  • Future Projections: The market is expected to grow to $0.82 billion by 2028, with a CAGR of 13.6%.

Factors Driving Historic Growth

  • Environmentally Conscious Solutions: Increasing focus on sustainable and eco-friendly disposables.
  • Enhanced Veterinary Facilities: Improvement and expansion of veterinary healthcare services.
  • Rise in Pet Ownership: More households owning pets, leading to greater demand for veterinary care.
  • Veterinary Healthcare Expansion: Growth in veterinary clinics and hospitals.
  • E-commerce Adoption: More consumers purchasing veterinary products online, boosting sales and accessibility.

Forecasted Growth Drivers

  • Increasing Veterinary Care Awareness: Greater awareness of the importance of veterinary care among pet owners.
  • Global Market Penetration: Expansion of veterinary disposable products into new international markets.
  • Integration of Digital Health Solutions: Adoption of digital technologies to improve animal health care.
  • Environmental Sustainability Focus: Continued emphasis on sustainable and single-use products.
  • Specialized Product Development: Innovation in products tailored to specific veterinary needs.

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Major Trends Shaping the Future

  • Shift Towards Sustainable Solutions: Increasing demand for eco-friendly and biodegradable veterinary disposables.
  • Rise in Pet Ownership: Continuation of the trend towards higher pet ownership rates.
  • Advancements in Veterinary Medicine: Technological innovations and new treatment methods.
  • Preference for Single-Use Products: Growth in demand for single-use disposables to prevent cross-contamination and improve hygiene.
  • Specialized Product Development: Ongoing development of products designed for specific animal health needs.

Increased Pet Ownership Driving Market Growth

  • Pet Care Needs: Veterinary disposables are essential for pet owners to provide high-quality care.
  • Adoption Rates: In 2021, the US saw the highest pet adoption rate in six years, with 977,202 pets adopted, highlighting the growing market potential.

Innovation in the Veterinary Disposables Market

  • Focus on Innovation: Companies are developing new and improved products to stay competitive.
  • IDEXX Laboratories Example: Launched IDEXX Cystatin B in June 2023, a diagnostic test for kidney injury in cats and dogs, showcasing how innovation is driving market growth.

Key Market Segments

  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

Leading Companies in the Veterinary Disposables Market

  • Prominent Players: Cardinal Health Inc., Pfizer Inc., Abbott Laboratories, Medtronic PLC, Becton Dickinson and Company, Henry Schein Inc., and more.
  • Focus on Innovation: Companies like IDEXX Laboratories Inc. are introducing advanced diagnostic tools to improve animal health care.

Regional Insights

  • North America: The largest region in the veterinary disposables market in 2023, reflecting the region’s strong veterinary infrastructure and high pet ownership rates.

The veterinary disposables market is poised for continued growth, driven by increasing pet ownership, advancements in veterinary medicine, and a shift towards sustainable and specialized products. With major companies focusing on innovation, the future of veterinary disposables looks promising, ensuring better health outcomes for pets worldwide.

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