Veterinary Equipment And Supplies Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Veterinary Equipment And Supplies Market?
The surge in disease occurrence in animals is substantially fueling the expansion of the veterinary equipment and supplies market. The escalating count of overweight pets is leading to an increase in diseases typically linked to obesity, such as osteoarthritis. Veterinary equipment and supplies play a crucial role in diagnosing and treating animal diseases. For example, the UK Health Security Agency, a government agency in the UK, recorded a total of 54 confirmed toxoplasmosis cases in the second quarter of 2023 in February 2024, an uptick from 37 in the corresponding quarter of 2022. Thus, the growing incidence of diseases in animals is anticipated to spur the growth of the veterinary equipment and supplies market in the future.
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#What Long-Term Growth Rate is Expected for theVeterinary Equipment And Supplies Market Between 2025 and 2034?
Recently, there has been a substantial expansion in the market size of veterinary equipment and supplies. The market is set to rise from $2.1 billion in 2024 to $2.26 billion in 2025, showcasing a compound annual growth rate (CAGR) of 7.5%. The escalation observed in the past can be credited to the effect of the pandemic, the enhancement of surgical instruments, and the progression of diagnostic equipment.
The market size of veterinary equipment and supplies is set to see considerable expansion in the upcoming years, reaching $3.13 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 8.6%. The predicted growth during the forecast period can be associated with an increase in pet ownership, an emphasis on preventive healthcare, advancements in diagnostics and imaging, and specialized veterinary services. Other prominent trends anticipated during the forecast period include a higher demand for point-of-care testing, care for aging pets, a shift in pet health consciousness, specialty consumables, and investments in research and development.
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What New Market Trends Are Reshaping theVeterinary Equipment And Supplies Market and Its Opportunities?
The rise in technological innovations is becoming a significant trend in the veterinary equipment and supplies market. Leading firms active in this sector are concentrating on introducing new tech-based equipment and solutions to bolster their market standing. As an illustration, Zoetis, a US animal health company with a specialization in discovering, developing, producing, and marketing a broad array of veterinary medicines, vaccines, and diagnostic products, unveiled an ingenious solution in veterinary care in the form of Vetscan Mastigram+ in June 2023. This field-based mastitis diagnostic tool uses a quick and simple flow dipstick test that identifies gram-positive mastitis in dairy cows within just eight hours, handily delivering results before the ensuing milking cycle.
Who Are the Leading Market Players Fueling Growth in the Veterinary Equipment And Supplies Market Trend?
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
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How is the Global Veterinary Equipment And Supplies Market Segemented?
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
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