The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s veterinary equipment and supplies market report forecasts the veterinary equipment and supplies market size to grow to $2.64 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

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Veterinary Equipment And Supplies Market Size Forecast
The global veterinary equipment and supplies market is expected to grow from $1.81 billion in 2022 to $1.96 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The veterinary equipment and supplies market is expected to grow to $2.64 billion in 2027 at a CAGR of 7.7%.

North America held the largest veterinary equipment and supplies market share.

Key Veterinary Equipment And Supplies Market Driver ­– Increase In Prevalence Of Diseases In Animals
For instance, in June 2020, according to Frontiers, a Switzerland-based journal source, there is an increased prevalence of periodontal disease in smaller dogs, with a reported prevalence of 80–89% in dogs over 3 years of age. Therefore, increasing prevalence of diseases in animals is expected to propel the growth of the veterinary equipment and supplies market going forward.

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Key Veterinary Equipment And Supplies Market Trend – Technological Advancement
Major companies operating in the veterinary equipment and supplies sector are focused on developing new technological equipment and solutions to strengthen their position in the market. For instance, in July 2020, Midmark, a US-based medical and veterinary products supplier, launched the Midmark multiparameter metre monitor. The equipment features Cardell blood pressure (BP) technology, veterinary-specific algorithms, and innovative, staff-friendly capabilities. The equipment includes all the accessories required for full monitoring capabilities, such as blood pressure cuffs, probes, sensors, and connecting cables appropriate for the selected parameters.

Veterinary Equipment And Supplies Market Segment
1) By Type: Critical Care Consumables, Anesthesia Equipment, Fluid Management Equipment, Temperature Management Equipment, Patient Monitoring Equipment, Research Equipment, Rescue and Resuscitation Equipment
2) By Animal Type: Small Companion Animals, Large Animals
3) By End User: Veterinary Clinics, Veterinary Hospitals, Research Institutes

Veterinary Equipment And Supplies Market Major Players and Strategies
Major players in the veterinary equipment and supplies market are B. Braun Vet Care GmbH, Covetrus Inc., BD Animal Health, Cardinal Health Inc., ICU Medical Inc., Neogen Corporation., Integra LifeSciences, Midmark Corporation, Jorgensen Laboratories, Shenzhen Mindray Animal Medical Technology Co Ltd., Eickemeyer Veterinary Equipment and Supplies, Digicare Animal Health, Dispomed Veterinary Equipment, Grady Medical Systems, Mila International Inc., Burtons Medical Equipment Ltd., Bionet America Inc., J & J Instruments, Vetronic Services Ltd., Advancis Veterinary, New Gen Medical Systems, DRE Veterinary, Smiths Group plc., and Vetland Medical Sales and Services.

In September 2021, Mindray, a China-based medical equipment company, acquired HyTest and its subsidiaries for an undisclosed amount. Through this acquisition, Mindray gains top-tier raw material R&D and innovation capabilities, as well as the ability to invest in R&D and strengthen and improve its competitive edge in veterinary equipment. HyTest is a Finland-based company operating in veterinary diagnostic equipment.

The Veterinary Equipment And Supplies Global Market Report 2023 covers regional data on veterinary equipment and supplies market size, veterinary equipment and supplies market trends and drivers, opportunities, strategies, and veterinary equipment and supplies market competitor analysis. The countries covered in the veterinary equipment and supplies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Veterinary equipment and supplies refer to veterinary diagnostics solutions based on scientifically developed products used to diagnose, monitor, or treat various animal-related health conditions. These are the tools required to treat and diagnose animal diseases properly. These devices also assist in the prevention of food contamination in animals.

View More Reports Related To The Veterinary Equipment And Supplies Market –
Veterinary Diagnostic Equipment Global Market Report 2023
Veterinary Patient Monitoring Equipment Global Market Report 2023
Veterinary Anesthesia Equipment Global Market Report 2023

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