Veterinary Renal Disease Market Forecast and Analysis: Key Insights into Growth, Trends, and Emerging Opportunities
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How Will the Growth Rate of the Veterinary Renal Disease Market Shape Industry Trends by 2034?
In recent times, the veterinary renal disease market has witnessed robust growth. The market, which is valued at $15.5 billion in 2024, is projected to escalate to $16.63 billion in 2025, recording a compound annual growth rate (CAGR) of 7.3%. Several factors have contributed to this growth during the historic period including increased disease awareness campaigns, a shift in consumer trends toward natural and organic pet food, a rise in global pet ownership, alterations in veterinary pharmaceutical regulations, and heightened awareness regarding pet health and nutrition.
The market for veterinary renal disease is poised for significant expansion in the coming years, with expectations to reach $21.74 billion by 2029 at compound annual growth rate (CAGR) of 6.9%. Factors contributing to growth during the predicted period include the rise of tailored veterinary medicine, development of telemedicine and remote patient surveillance in veterinary healthcare, increase in veterinary research and clinical trials, implementation of blockchain technology for veterinary product supply chain clarity, and incorporation of artificial intelligence and machine learning in veterinary diagnostics. Other notable trends for the forecast period encompass growing requests for veterinary teleconsultations, an upsurge in individualized pet nutrition plans, the development of pet health wearable tracking devices, widening of veterinary telemedicine platform offerings, and the acceptance of precision medicine within veterinary cancer care.
Which Drivers Are Expected to Have the Greatest Impact on the Veterinary Renal Disease Market’s Growth?
The veterinary renal disease market is predicted to experience significant growth owing to the increasing number of pets. Veterinary renal disease refers to conditions impacting kidney function in animals, which could result in symptoms such as excess thirst, frequent urination, decreased appetite, and weight loss. Factors such as extended pet lifespan, exposure to environmental toxins, dietary elements, and inherited tendencies contribute to the rise of veterinary renal disease. To manage these conditions in pets, treatments usually include dietary regulation, medication, and fluid therapy to help ease symptoms, hinder disease advancement, and enhance pets’ life quality. As per data from Cooper Pet Care, a mobile pet care platform in the Netherlands, by October 2022, the European Union, encompassing Norway and Switzerland, will house nearly 145 million pet animals, marking an increase of 5 million pets from the prior year, which was approximately 140 million. This number includes around 66 million dogs and 79 million cats. Consequently, the upsurge in pet ownership plays a key role in escalating the growth of the veterinary renal disease market.
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Who Are the Key Market Players Influencing the Growth of the Veterinary Renal Disease Industry?
Major companies operating in the veterinary renal disease market are:
• Bayer HealthCare Animal Health Inc.
• Nestlé Purina PetCare Company
• Zoetis Inc.
• Boehringer Ingelheim
• Covetrus Inc.
What Key Market Trends Are Shaping the Future of the Veterinary Renal Disease Industry?
Key players in the veterinary renal malady market are concentrating on introducing technological progressions in the fields of treatment and diagnosis. They are pioneering new diagnostic procedures with the potential to pinpoint kidney damage even when there are no clear clinical symptoms presented. These diagnostic tests target the detection of kidney damage with a focus on identifying minute changes in renal function or structures. This can help in applying early interventions to halt the development into severe stages of renal dysfunction. A notable example is the launch of the first diagnostic test for detecting kidney damage in cats and dogs by IDEXX Laboratories Inc., in June 2023. The US-based company, which develops and manufactures veterinary products and services, introduced the IDEXX Cystatin B Test. This test was created with the purpose of allowing veterinarians to identify kidney damage prior to the detection of alterations in kidney functionality. This proactive detection could eventually lead to improved patient results. The IDEXX Cystatin B Test is set to be incorporated into panels assessing renal health. It is expected to provide significant information during around two million patient consultations every year.
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What Are the Major Categories and Their Growth Dynamics in the Veterinary Renal Disease Market?
The veterinary renal disease market covered in this report is segmented –
1) By Type: Diagnosis, Treatment
2) By Animal Type: Canine, Feline, Bovine, Equine, Other Animal Types
3) By Indication: Renal Failure, Chronic Kidney Disease (CKD), Renal Cystitis, Kidney Stones, Nephritis, Other Indications
4) By Route of Administration: Injectable, Oral
5) By Distribution Channel: Pharmacies, Pet Specialty Stores, E-commerce, Other Distribution Channels
Subsegments:
1) By Diagnosis: Blood Tests, Urine Tests, Imaging, Biopsy
2) By Treatment: Medications, Dialysis, Kidney Transplantation, Fluid Therapy
Which Regions Are Emerging as Leaders in the Veterinary Renal Disease Market?
North America was the largest region in the veterinary renal disease market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary renal disease market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Defines the Scope of the Veterinary Renal Disease Market?
Veterinary renal disease refers to a range of conditions that affect the kidneys of animals, leading to impaired kidney function. It disrupts the kidneys’ ability to filter waste, balance fluids, and produce certain hormones, leading to various health issues.
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