Veterinary Equipment And Supplies Market Size to Exceed $3.13 Billion by 2029 | Growth and Industry Trends
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How Has the Veterinary Equipment And Supplies Market Grown from 2024 to 2025?
The market size for veterinary equipment and supplies has seen substantial growth in the past years. It is projected to expand from $2.1 billion in 2024 to $2.26 billion in 2025, marking a compound annual growth rate (CAGR) of 7.5%. Reasons for this growth in the historic period include the impact of the pandemic, advancements in surgical instruments, and development of diagnostic equipment.
What Growth Rate Is Anticipated for the Veterinary Equipment And Supplies Market in the Coming Years?
In the ensuing years, the market of veterinary equipment and supplies is set to witness robust growth. With a compound annual growth rate (CAGR) of 8.6%, it’s anticipated to reach $3.13 billion by 2029. The projected growth throughout the duration can be credited to factors such as the surge in pet ownership, an emphasis on preventive healthcare, advancements in diagnostics and imaging, and specialized veterinary services. Notable trends forecasted for this period include the demand for point-of-care testing, aged pet care, awareness shift in pet health, focus on specialized consumables, and substantial R&D investments.
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Who Are the Leading Companies in the Veterinary Equipment And Supplies Market?
Major companies operating 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 LLC, Shenzhen Mindray Animal Medical Technology Co Ltd., Eickemeyer Veterinary Equipment Inc., Digicare Biomedical Technology Inc., Dispomed Ltd., Grady Medical Systems Inc., Mila International Inc., Burtons Medical Equipment Ltd., Bionet America Inc., J & J Instruments Inc., Vetronic Services Ltd., Advancis Veterinary Ltd., New Gen Medical Systems LLC, DRE Medical Inc., Smiths Group plc., Vetland Medical Sales and Services LLC, DeLaval International AB, Zoetis Inc., Ceva Santé Animale S.A., Boehringer Ingelheim Animal Health, Merck & Co. Inc., Bayer Animal Health GmbH
What Are the Key Drivers of the Veterinary Equipment And Supplies Market?
The amplified occurrence of health conditions in animals is playing a crucial role in boosting the veterinary equipment and supplies market. The rise in obese pets is leading to an increase in diseases typically linked with excess weight like osteoarthritis. Veterinary equipment and supplies are essential in the identification and treatment of animal diseases. For example, in February 2024, the UK Health Security Agency, a government-run body in the UK, reported a total of 54 confirmed cases of toxoplasmosis during the second quarter of 2023, a surge from the 37 cases recorded in the equivalent quarter of 2022. Therefore, the escalating prevalence of animal diseases is anticipated to stimulate the growth of the veterinary equipment and supplies market in the future.
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What Are the Key Market Segments in the Veterinary Equipment And Supplies Industry?
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 Latest Trends in the Veterinary Equipment And Supplies Market?
Innovations in technology have become a noteworthy trend in the veterinary equipment and supplies market. To fortify their market position, major firms in the sector are concentrating on the creation of new technological equipment and solutions. For instance, Zoetis, a US-based company that excels in the discovery, development, production, and marketing of various veterinary drugs, vaccines, and diagnostic products, pioneered a groundbreaking solution in veterinary care in June 2023 with the introduction of Vetscan Mastigram+. This unique on-farm mastitis diagnostic tool features a quick and simple dipstick test, allowing the identification of gram-positive mastitis in dairy cows in just eight hours, conveniently providing results before the subsequent milking session.
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What Are the Key Regional Markets in the Veterinary Equipment And Supplies Industry?
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.
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This Report Delivers Insight On:
1. How big is the veterinary equipment and supplies market, and how is it changing globally?
2. Who are the major companies in the veterinary equipment and supplies market, and how are they performing?
3. What are the key opportunities and risks in the veterinary equipment and supplies market right now?
4. Which products or customer segments are growing the most in the veterinary equipment and supplies market?
5. What factors are helping or slowing down the growth of the veterinary equipment and supplies market?
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