Veterinary Cardiology Growth Forecast 2025-2034: Trends, Opportunities, and Key Insights You Need to Know
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What are the Key Projections for the CAGR of the Veterinary Cardiology Market From 2025 to 2034?
Recent years have witnessed a robust growth in the veterinary cardiology market size. This market, which is projected to expand from $2.84 billion in 2024 to $3.1 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%, owes its growth to a number of factors. A surge in pet ownership, a heightened awareness about pet health, increasing instances of heart diseases in animals, an upswing in specialized veterinary clinics, and greater accessibility and affordability of pet insurance, have all contributed to the expansion witnessed during the historic period.
The market for veterinary cardiology is predicted to see robust growth in the coming years, expanding to $4.35 billion by 2029 with a compound annual growth rate (CAGR) of 8.8%. The forecasted growth can be explained by factors like the escalating investment in research related to veterinary cardiology, the rise in telemedicine services for remote consultations, increasing pet adoption rates, a surge in the consumer need for specialized care for pets, and the growing access to sophisticated training programs in veterinary cardiology. The market is also expected to witness trends such as the adoption of cloud security solutions, integrated collaboration platforms, reinforced concentration on data privacy and compliance, rapid transition towards multi-cloud environments, and the creation of more scalable and agile cloud infrastructure solutions within the forecast period.
Which Factors Are Enhancing the Growth of the Veterinary Cardiology Market?
The surge in incidences of cardiac ailments in pets and livestock is projected to accelerate the expansion of the veterinary cardiology industry. Heart diseases in pets and livestock pertain to health issues that compromise the heart’s function and architecture, resulting in hindered blood circulation, decreased cardiac efficacy, and prospective overall health complexities. The escalation in the incidences of cardiac ailments in pets and livestock can be attributed to factors such as prolonged lifespan, obesity, subpar diet, genetic predisposition, and the absence of consistent veterinary attention. In addition, environmental pressures and shifts in habitats can boost the occurrence of heart-related conditions in these animals. Veterinary cardiology is instrumental in diagnosing, treating, and managing heart diseases in pets and livestock, leveraging specialized care, state-of-the-art imaging, and pioneering procedures like minimally invasive surgeries to enhance heart health and living standards. For instance, as per the American Veterinary Medical Association, a non-profit organization based in the US, in March 2024, Myxomatous mitral valve degeneration (MMVD) accounted for 75% of all heart-related illnesses in dogs in North America and was declared the most common canine cardiac disease. It is noted that 85% of small dogs aged 13 years exhibit myxomatous mitral valve lesion symptoms, even though the presence of a lesion does not always carry clinical significance. In MMVD cases, the projected rate of dog deaths due to cardiac reasons ranges between 40% and 70%. Consequently, the surge in incidences of heart diseases in pets and livestock will stimulate the growth of the veterinary cardiology industry.
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What Are the Key Industry Players Leading the Charge in the Veterinary Cardiology Market’s Growth?
Major companies operating in the veterinary cardiology market are:
• Merck & Co. Inc.
• Medtronic plc
• Siemens Healthineers AG
• Zoetis Inc.
• Boehringer Ingelheim Animal Health
How Are Market Trends and Shifts Impacting the Growth Trajectory of the Veterinary Cardiology Market?
Leading firms in the veterinary cardiology market are innovating with advancements in technology, such as transcatheter edge-to-edge mitral valve repair (TEER), with the aim to enhance the treatment of cardiac conditions in animals, improve results following surgery, and provide less invasive options for superior patient recovery and life quality. TEER, a comparatively lesser invasive cardiac procedure, is specially designed to amend mitral valve leakage by the usage of a clamp to enhance valve functionality and reduce cardiac pressure. For instance, in February 2023, Willows Veterinary Centre, a UK-based veterinary referral center initiated a novel cardiac treatment for dogs suffering from myxomatous mitral valve disease (MMVD), the most prevalent cardiac condition in dogs. Currently, this treatment is considered a practical alternative to surgical rectifications in human patients with early clinical outcomes in dogs showing considerable potential. The procedure is carry out under general anesthesia and involves a minor incision made in the chest wall. A needle is then positioned at the peak of the heart, with consistent X-rays and transesophageal ultrasound giving precise guidance. This technique allows the accurate positioning of a V-clamp over the mitral valve to reduce leakage.
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Which Growth-Oriented Segments of the Veterinary Cardiology Market Are Leading the Industry’s Development?
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
What Regions Are Influencing the Dynamics of 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.
What Key Elements Shape the Definition of the Veterinary Cardiology Market?
Veterinary cardiology is the branch of veterinary medicine focused on identifying and managing animal heart diseases, ranging from routine examinations to advanced treatments. It enhances the quality of life for pets by providing specialized diagnosis and treatment for heart conditions, leading to improved health outcomes and extended lifespans.
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