In-Depth Insights into the Veterinary Equipment And Supplies Market: Growth, Trends, and Opportunities for 2025-2034
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What Are the Projected Expansion Rates of the Veterinary Equipment And Supplies Market for the Next Decade?
The market for veterinary equipment and supplies has experienced robust growth recently. The sector’s size is expected to increase from $2.1 billion in 2024 to $2.26 billion in 2025, translating to a compound annual growth rate (CAGR) of 7.5%. Factors contributing to the rise during the historical period include the impact of the pandemic, progress in surgical instrumentation, and development in diagnostic technologies.
Expectations for the veterinary equipment and supplies market are for robust expansion in the coming years, projecting a growth to $3.13 billion by 2029, with a compound annual growth rate (CAGR) of 8.6%. This potential growth can be linked to increased pet ownership, emphasis on preventive healthcare, advancements in diagnostics and imaging, and niche veterinary services. Key trends during the projection period include the need for point-of-care testing, elderly pet care, improved awareness of pet health, specialized consumables, and research and development investments.
What Major Innovations Are Driving the Accelerated Growth of the veterinary equipment and supplies Market?
The escalating occurrence of diseases in animals is prominently aiding the growth of the veterinary equipment and supplies market. The increasing number of pets suffering from obesity is leading to an upsurge in diseases related to it, such as osteoarthritis. The role of veterinary equipment and supplies in diagnosing and treating diseases in animals is vital. For example, the UK Health Security Agency, a UK-based government organization, reported in February 2024 that there were 54 confirmed toxoplasmosis cases in the second quarter of 2023, marking a rise from 37 in the corresponding quarter of 2022. Thus, the rising prevalence of diseases in animals is anticipated to propel the expansion of the veterinary equipment and supplies market in the future.
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Which Companies Are Redefining the Future of the Veterinary Equipment And Supplies Market?
Major companies operating in the veterinary equipment and supplies market are:
• B. Braun Vet Care GmbH_x000D_
• Covetrus Inc._x000D_
• BD Animal Health_x000D_
• Cardinal Health Inc._x000D_
• ICU Medical Inc._x000D_
What Trends Are Poised to Drive the Future Success of the Veterinary Equipment And Supplies Market?
The emergence of technological innovations has become a predominant trend in the veterinary equipment and supplies market. Major players in this sector are focusing on creating new technological tools and strategies to consolidate their market presence. For example, in June 2023, Zoetis, a prominent US-based company in animal health that specializes in discovering, developing, manufacturing, and marketing a myriad of veterinary medicines, vaccines, and diagnostics products, broadened the sphere of veterinary care by launching Vetscan Mastigram+. This groundbreaking mastitis diagnostic tool for on-farm use is based on a quick and simple flow dipstick test that detects gram-positive mastitis in dairy cows within just eight hours, conveniently delivering results before the subsequent milking session.
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Which Key Segments Define the Structure of the Veterinary Equipment And Supplies Market and Their Growth Potential?
The veterinary equipment and supplies market covered in this report is segmented –
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
Subsegments:
1) By Critical Care Consumables: IV Catheters, Syringes and Needles, Surgical Drapes and Covers, Wound Care Supplies
2) By Anesthesia Equipment: Anesthesia Machines, Vaporizers, Endotracheal Tubes, Anesthesia Monitors,
3) By Fluid Management Equipment: Infusion Pumps, IV Fluids, Fluid Warmers, Fluid Administration Sets
4) By Temperature Management Equipment: Heating Pads, Warm Air Blankets, Temperature Monitors
5) By Patient Monitoring Equipment: ECG Monitors, Pulse Oximeters, Blood Pressure Monitors, Capnography Monitors
6) By Research Equipment: Imaging Equipment, Laboratory Equipment, Research Models and Manikins
7) By Rescue And Resuscitation Equipment: Defibrillators, Emergency Oxygen Masks, Resuscitation Bags, Cardiac Monitors
What Are the Leading Regions in the Veterinary Equipment And Supplies Market Expansion?
North America was the largest region in the veterinary equipment and supplies market in 2024. The regions covered in the veterinary equipment and supplies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Can We Define the Veterinary Equipment And Supplies Market and Its Key Components?
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.
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