Global Veterinary Equipment And Supplies Market Projected to Reach $3.13 Billion by 2029 at a CAGR of 8.6%
Discover trends, market shifts, and competitive outlooks for the veterinary equipment and supplies industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
#What is the Projected CAGR for the Veterinary Equipment And Supplies Market Size from 2025 to 2034?
The market size for veterinary equipment and supplies has been witnessing robust growth in recent times. The market is predicted to escalate from $2.1 billion in 2024 to $2.26 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. The growth observed in the historic period can be associated with the effect of the pandemic, progress in surgical instrumentation, and evolution of diagnostic equipment.
In the coming years, the veterinary equipment and supplies market is projected to experience robust growth. By 2029, the market is anticipated to expand to $3.13 billion, with an 8.6% compound annual growth rate (CAGR). This surge in market size over the forecast period is due to factors such as an increase in pet ownership, an emphasis on preventive healthcare, advancements in diagnostics and imaging, and specialty veterinary services. Key trends for the forecast period involve increasing demand for point-of-care testing, care for aged pets, a change in pet health consciousness, specialized consumables, and investments in research and development.
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What are the Fundamental Drivers and Innovations Shaping the Veterinary Equipment And Supplies Market?
The surge in animal disease prevalence is playing a significant role in driving the growth of the veterinary equipment and supplies market. With obesity rates in pets are on upward trajectory, conditions related to obesity like osteoarthritis are also escalating. Veterinary equipment and supplies are instrumental in diagnosing and treating these animal diseases. For example, the UK Health Security Agency, a government body based in the UK, has reported a rise in confirmed toxoplasmosis cases in February 2024. A total of 54 cases was reported in the second quarter of 2023, which was an increase from 37 cases in the corresponding quarter of the previous year. The upswing in disease prevalence in animals is likely to further drive the expansion of the veterinary equipment and supplies market in the future.
How Is the Veterinary Equipment And Supplies Market Segmented?
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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Which Regions Are Driving the Next Phase of the Veterinary Equipment And Supplies Market Growth?
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.
What Key Trends Are Shaping the Future of the Veterinary Equipment And Supplies Market?
Trend 1. The growing recognition of the importance of technological innovation is a prominent trend currently making waves in the veterinary equipment and supplies industry. Many of the leading businesses in this field are investing in the creation and application of advanced technological pieces and resources to solidify their market stand. An example of this trend occurred in June 2023, when Zoetis, an American company known for its focus on the research, production, and sale of a comprehensive range of veterinary medicines, vaccines, and diagnostic tools, unveiled Vetscan Mastigram+. As an innovative addition to the area of veterinary care, this in-farm mastitis diagnostic apparatus uses a quick and simple flow dipstick test to identify gram-positive mastitis in dairy cows in less than eight hours, therefore ensuring that results are available before the next milking cycle.
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How Is the Veterinary Equipment And Supplies Market Defined and What Are Its Core Parameters?
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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