Veterinary Healthcare Coverage

Automatic And Smart Pet Feeder Market Definition And Segments

Automatic and smart pet feeders are innovative devices designed to automate the pet feeding process. They dispense food at scheduled times or upon command, often integrating advanced features such as portion control, customizable feeding schedules, and remote access via smartphone apps. The main products of automatic and smart pet feeder are automatic smart feeder and smart pet feeder. An automatic smart feeder is an electronic device designed to dispense food for pets, such as cats and dogs, in a controlled and scheduled manner. They are used for various pets include dogs, cats, and others in various price ranges including low-cost feeder, mid-range feeder, and high-end-feeder. They are used for pet healthcare, communication and entertainment, pet owner convenience, and pet safety applications and distributed by online e-commerce stores, hypermarkets or supermarkets, and pet care stores and clinics channels. The automatic and smart pet feeder market covered in this report is segmented – 1) By Product: Automatic Smart Feeder, Smart Pet Feeder 2) By Pet Type: Dogs, Cats, Other Pet Types 3) By Price Range: Low-Cost Feeder, Mid-Range Feeder, High-End-Feeder 4) By Application: Pet Healthcare, Communication And Entertainment, Pet Owner Convenience, Pet Safety 5) By Distribution Channel: Online E-Commerce Stores, Hypermarkets Or Supermarkets, Pet Care Stores And Clinics The automatic and smart pet feeder market size has grown rapidly in recent years. It will grow from $1.49 billion in 2023 to $1.72 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. The growth in the historic period can be attributed to rising demand for convenience, integration with IoT ecosystems, multifunctionality of smart pet feeders, influence of pet-centric media and entertainment, increasing pet lifespan and aging pets. The automatic and smart pet feeder market size is expected to see rapid growth in the next few years. It will grow to $2.86 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to increasing pet ownership, increasing adoption of smart home technology, increasing in convenience-driven lifestyles, increasing awareness of pet health and nutrition, the increasing humanization of pets. Major trends in the forecast period include integration with IoT ecosystems, product innovation and advancements, integration with smart home ecosystems, introduction of smart food dispensing sensors, pet industry partnerships and collaborations.

Driving Forces Behind The Growth Of Automatic And Smart Pet Feeder Markets

The increasing demand for pet ownership is expected to propel the growth of the automatic and smart pet feeder markets going forward. The demand for pet ownership is increasing due to the growing recognition of pets for companionship and emotional support, as well as the trend towards humanization of pets. Automatic and smart pet feeders offer convenient solutions for pet care tasks, reducing the time and effort required to feed pets regularly, making pet ownership more manageable, and appealing to potential pet owners. This convenience factor encourages individuals to consider adopting pets, contributing to the overall increase in pet ownership rates. For instance, according to the American Pet Products Association (APPA), a US-based non-profit association, pet ownership in the United States experienced a substantial surge in 2022, witnessing an increase of 11% compared to the preceding year. Therefore, the increasing demand for pet ownership drives the growth of the automatic and smart pet feeder markets. Major companies operating in the automatic and smart pet feeder market are Pets at Home Group Plc, Godrej Agrovet Limited, Shenzhen Petlibro Pet Products Co. Ltd., Tuya Global Inc., Radio Systems Corporation, Hangzhou Tianyuan Pet Products Co. Ltd., Ceva Santé Animale, Automated Pet Care Products Inc., OurPets Company, Petwant Co. Ltd., Owon Technology Inc., Dogness (International) Corporation, Zesty Paws, Arf Pets, Anser Innovation LLC, Petcube Inc., Whistle Labs Inc., Petkit Ltd., Petoneer Limited, Encaya Corp., iFetch LLC, PetFusion LLC, Doskocil Manufacturing Co. Inc., Vet Innovations Inc.

Innovative Trends In Pet Care The Rise Of Automatic Pet Feeders With Cameras

Major companies operating in the automatic and smart pet feeder market are focusing on developing innovative products, such as Petlibro Granary Automatic Pet Feeder, to gain a competitive edge in the market. Petlibro Granary Automatic Pet Feeder is a device that automatically dispense food for pets or livestock based on predefined schedules. For instance, in April 2021, Petlibro, a US-based brand offering various pet products, launched the Petlibro Granary Automatic Pet Feeder, an automatic, cheap pet feeder designed for the busiest pet parents. It incorporates sensors to detect food levels, dispense the correct amount, and possibly even monitor feeding patterns and behaviors. These sensors enable the feeder to operate automatically, providing pet owners with remote control and monitoring capabilities through smartphone apps or other interfaces.

Indutrade Has Acquired ATLINE, A Robotic Production Equipment Manufacturer For The Pet Food And Animal Feed Industries

In February 2024, Indutrade AB, a Sweden-based company specializing in high-tech products and solutions that streamline customers' systems and processes, acquired ATLINE for an undisclosed amount. This acquisition is expected to enhance Indutrade's ability to provide innovative solutions to customers, expand its market reach, and increase its efficiency and profitability. ATLINE is a Denmark-based engineering and manufacturing partner of robotic production equipment for the pet food and animal feed industries. North America was the largest region in the automatic and smart pet feeders market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automatic and smart pet feeder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automatic and smart pet feeder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The automatic and smart pet feeders market consists of revenues earned by entities by providing services such as scheduled feeding, portion control, notifications and alerts, and remote monitoring and control. The market value includes the value of related goods sold by the service provider or included within the service offering. The automatic and smart pet feeders market also includes sales of smart feeder, pet simply feed, microchip pet feeder, and pet kit automatic cat feeder. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automatic and smart pet feeder market research report is one of a series of new reports from The Business Research Company that provides automatic and smart pet feeder market statistics, including automatic and smart pet feeder industry global market size, regional shares, competitors with an automatic and smart pet feeder market share, detailed automatic and smart pet feeder market segments, market trends and opportunities, and any further data you may need to thrive in the automatic and smart pet feeder industry. This automatic and smart pet feeder market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Artificial Intelligence (AI) In Animal Health Market Definition And Segments

Artificial intelligence (AI) in animal health refers to the application of advanced computational techniques to analyze, interpret, and improve various aspects of animal healthcare. This involves the use of algorithms, machine learning, and data analytics to process large sets of data related to animal health and well-being. The main solutions to artificial intelligence (AI) in animal health are hardware, software, and services. Hardware refers to the physical components of artificial intelligence (AI) systems used in animal health, such as sensors, devices, and equipment that gather data from animals, facilitating the application of AI algorithms for health monitoring and diagnostics. The technology category includes machine learning, natural language processing (NLP), computer vision, and other technologies for animal types such as companion animals and production animals. The applications are categorized into types such as diagnostics, identification, tracking, and monitoring, others, and end users such as veterinary clinics and hospitals, research institutions, and farms and livestock producers. The artificial intelligence (AI) in animal health market covered in this report is segmented – 1) By Solution: Hardware, Software And Services 2) By Technology: Machine Learning, Natural Language Processing (NLP), Computer Vision, Other Technologies 3) By Animal Type: Companion Animals, Production Animals 4) By Application: Diagnostics, Identification, Tracking, And Monitoring, Other Applications 5) By End-Use: Veterinary Clinics And Hospitals, Research Institutions, Farms And Livestock Producers The artificial intelligence (AI) in animal health market size has grown exponentially in recent years. It will grow from $1.21 billion in 2023 to $1.45 billion in 2024 at a compound annual growth rate (CAGR) of 20.1%. The growth in the historic period can be attributed to increasing applications of AI, availability of ai-based solutions, initiatives by key companies, growing expenditure on animals, integration of ai in veterinary diagnostics. The artificial intelligence (AI) in animal health market size is expected to see rapid growth in the next few years. It will grow to $2.98 billion in 2028 at a compound annual growth rate (CAGR) of 19.7%. The growth in the forecast period can be attributed to precision management of livestock and veterinary healthcare, data-informed insights and innovative solutions, remote monitoring and diagnosis, early disease detection and anomaly identification, proactive healthcare and personalized medicine. Major trends in the forecast period include advancements in veterinary diagnostics, increased adoption of ai technologies, enhanced disease detection and monitoring, growing emphasis on animal welfare and conservation.

Surge Of Animal Health Expenditure And Its Impact On The AI Animal Health Market

The increasing expenditure on animal health is expected to propel the growth of artificial intelligence (AI) in animal health market going forward. Expenditure on animal health refers to the total amount of money spent on maintaining and improving the health and well-being of animals. Expenditure on animal health is rising due to increased awareness, a growing trend of pet humanization, and the demand for advanced veterinary care services, including innovative technologies such as artificial intelligence. Pet owners with higher spending capacity can afford AI-powered telehealth services and remote monitoring solutions, allowing for continuous monitoring of their pets' health and virtual consultations with veterinarians. For instance, in June 2023, according to the American Pet Products Association, a US-based trade association representing the pet industry, Americans spent $136.8 billion on pet health in 2022, which is an increase of 10.68% from the previous year ($123.6 billion). Moreover, Vet Care services accounted for $35.9 billion. Therefore, increasing expenditure on animal health is driving the growth of artificial intelligence (AI) in animal health market. Major companies operating in the artificial intelligence (AI) in animal health market are Microsoft Corporation, International Business Machines Corporation, Zoetis Inc., VCA Animal Hospitals Inc., IVC Evidensia, IDEXX Laboratories Inc., Merck Animal Health, Heska Corporation, Agria Pet Insurance, PrecisionHawk, SignalPET, ImpriMed Inc., PetPace Ltd., VetNOW, Shenzhen Mindray Animal Medical Technology Co. Ltd., EIO Diagnostics Inc., Connecterra, GuardianVets, Halter USA Inc., Petriage Inc., Moichor Inc., OneCup Al, AgGenetics Inc., IMV Technologies, Felcana, Vet-Al, Alpha Phenomics Inc.

Advancements In AI-Driven Livestock Health Management

Major companies operating in the artificial intelligence (AI) animal health market are developing advanced technologies, such as AI solutions for cattle feed recommendations, to improve livestock nutrition and farm management practices. This technology aims to enhance the efficiency of livestock farming by tailoring feed plans to the specific needs of individual animals or groups, considering factors such as their age, weight, health status, and nutritional requirements. For instance, in January 2024, Precision Livestock Technologies, a US-based provider of software and hardware solutions for livestock feeding and health, introduced the first system that uses artificial intelligence to predict cattle feed intake and make feeding recommendations. This system generates daily quantitative feeding predictions based on hundreds of data points gathered from PLT’s machine vision bunk management system and external data sources. It takes into account feeding rates, feeding times, feeding cycles, cattle behavior, ration type, weather, and other factors.

Pathway Expands Global Presence With Acquisition Of Vetspire

In April 2021, Pathway Vet Alliance LLC, a US-based veterinary management group, acquired Vetspire for an undisclosed amount. This acquisition aimed to use Vetspire's AI platform to improve veterinary care in Pathway's hospitals, with Vetspire maintaining its independence and serving both Pathway Vet Alliance and external hospitals. Vetspire is a US-based company providing an AI-driven cloud-based veterinary practice management platform. North America was the largest region in the artificial intelligence (AI) in animal health market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) in animal health market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the artificial intelligence (AI) in animal health market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The artificial intelligence (AI) in animal health market consists of revenues earned by entities by providing services such as telemedicine and remote monitoring, treatment planning and personalized medicine, data management and analytics, genomic analysis and breeding services, image analysis services. The market value includes the value of related goods sold by the service provider or included within the service offering. The artificial intelligence (AI) in animal health market also includes sales of diagnostic tools, treatment planning software, and telemedicine platforms. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The artificial intelligence (AI) in animal health research report is one of a series of new reports from The Business Research Company that provides artificial intelligence (AI) in animal health market statistics, including the artificial intelligence (AI) in animal health industry's global market size, regional shares, competitors with an Artificial intelligence (AI) in animal health market share, detailed artificial intelligence (AI) in animal health market segments, market trends and opportunities, and any further data you may need to thrive in the artificial intelligence (AI) in animal health industry. This artificial intelligence (AI) in animal health market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Veterinary Disposables Market Definition And Segments

Veterinary disposables refer to a type of product that is meant for single use and is used during the treatment and surgeries of diseases such as cardiology and neurology diseases in animals. The product reduces patient discomfort and distress and the chances of errors during surgical operations. The main types of veterinary disposables are critical care consumables, wound management consumables, fluid administration and therapy consumables, airway management consumables, gastroenterology consumables, needles, and other types. Gastroenterology consumables are used in the treatment of diseases of the esophagus, stomach, small intestine, colon, rectum, pancreas, gallbladder, bile ducts, and liver. The products are used on small animals, large animals, and other animal types and are available in veterinary clinics, veterinary hospitals, research institutes, and other end users. The veterinary disposables market covered in this report is segmented – 1) By Type: Critical Care Consumables, Wound Management Consumables, Fluid Administration and Therapy Consumables, Airway Management Consumables, Gastroenterology Consumables, Needles, Other Types 2) By Animal Type: Small Animals, Large Animals, Other Animal Types 3) By End User: Veterinary Clinics, Veterinary Hospitals, Research Institutes, Other End Users The veterinary disposables market size has grown rapidly in recent years. It will grow from $0.43 billion in 2023 to $0.49 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to environmentally conscious solutions, enhanced veterinary facilities, rise in pet ownership, veterinary healthcare expansion, e-commerce adoption. The veterinary disposables market size is expected to see rapid growth in the next few years. It will grow to $0.82 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to increasing veterinary care awareness, global market penetration, integration of digital health solutions, environmental sustainability focus, specialized product development. Major trends in the forecast period include shift towards sustainable solutions, rise in pet ownership, advancements in veterinary medicine, preference for single-use products, specialized product development.

Increased Pet Ownership Driving Veterinary Disposables Market Growth

Increased pet ownership is expected to contribute to the growth of the veterinary disposables market going forward. Pet ownership refers to the act of owning and caring for a domesticated animal. Pet owners are responsible for providing for their pets' needs, including food, water, shelter, health care, and companionship. Veterinary disposables can help pet owners provide better care for their pets by increasing the availability of advanced veterinary equipment and disposables and improving the efficacy and safety of these products. For instance, in 2021, according to Chewy, Inc., a US-based online retailer of pet food and other products, there were around 977,202 pets adopted in the US in 2021, which resulted in the highest adoption rate of 61% in the past six years. Therefore, the rise in pet ownership aids in the growth of the veterinary disposable market.

Growing Livestock Population Boosting Veterinary Disposables Market

The increasing livestock population is expected to propel the growth of the veterinary disposables market going forward. Livestock population refers to the total number of domesticated animals raised in an agricultural setting for commercial purposes. Veterinary disposables, such as disposable syringes and needles, are used for vaccination in animal production. These disposables are essential for the efficient and safe administration of vaccines to livestock, which can help prevent the spread of diseases and improve animal health outcomes. For instance, in September 2021, according to the United States Department of Agriculture, a US-based federal executive department, India's national herd of cattle is expected to increase by 1.2 million head from the 2021 total to 306.7 million animals. Therefore, the increasing livestock population is driving the growth of the veterinary disposables market. Major companies operating in the veterinary disposables market report are Cardinal Health Inc., Pfizer Inc., Abbott Laboratories, Medtronic PLC, Becton Dickinson and Company, Henry Schein Inc., B. Braun Melsungen AG, Covetrus Inc., Mindray Medical International Limited, Smiths Group PLC, IDEXX Laboratories Inc., Varian Medical Systems Inc., Midmark Corporation, Heska Corporation, Abaxis Inc., Nonin Medical Inc., Digicare Biomedical Technology Inc., ACON Laboratories Inc., Jorgensen Laboratories Inc., DRE Veterinary Inc., Vetland Medical Sales and Services, Zomedica Pharmaceuticals Corp., Synedgen Inc., Patterson Companies Inc., Piavita AG, TriviumVet Inc., ITL Biomedical Ltd., Central Biomedia Inc., Vetronic Services Ltd., Optomed Oyj, Dextronix Inc.

Shortage Of Veterinarians In Underdeveloped And Developing Countries Hindering Veterinary Disposables Market

The shortage of veterinarians in underdeveloped and developing countries limited the growth of the veterinary disposables market during the historic period. Veterinary healthcare access is relatively poor in most developing countries compared to developed nations, while the animal disease burden is high in low- and middle-income countries. For instance, in February 2022, according to a report shared by The New Zealand Veterinary Association, a membership association representing New Zealand veterinarians, there is a shortfall of roughly 100 veterinarians nationwide. As a result of their active calving and lambing seasons, seasonal demands increase. Australia, a country that is also very popular, also lacks veterinarians. In the previous year, Australia granted exceptions to some 800 foreign veterinarians to help close these gaps and support the local team. Insufficient availability of veterinary care in rural areas would impede the number of animal procedures where disposables are used, hence the scarcity of veterinarians hinders the veterinary disposables market.

Focus On Innovation In Veterinary Disposables Market

Major companies operating in the veterinary disposables market are focused on introducing innovative solutions to gain a competitive edge in the market. Innovative solutions refer to products or services that can help improve animal health outcomes, increase efficiency, and reduce costs. For instance, in June 2023, IDEXX Laboratories Inc., a US-based pet healthcare company, launched IDEXX Cystatin B, its first veterinary diagnostic test for detecting kidney injury in cats and dogs. The IDEXX Cystatin B Test is a simple urine-based test that can uncover kidney injury when clinical signs may or may not be apparent and gain additional insights beyond the changes in functional markers such as SDMA and creatinine.

Merger And Acquisition Strategies In The Veterinary Disposables Industry

Companies in the veterinary disposables industry are increasingly investing in mergers and acquisitions with other players to drive product innovations. To succeed in the increasingly competitive veterinary disposables market, companies are entering into new geographies and developing innovative products by sharing skills and expertise with other players through acquisitions and mergers. For instance, in September 2021, Vernacare, a UK-based infection prevention company, acquired Robinson Healthcare for an undisclosed amount. Through this acquisition, Vernacare's global footprint will contribute to the further development of Robinson Healthcare and the realization of the team's ambition. Robinson Healthcare is a UK-based manufacturer of animal first aid, wound care, and absorbent products for veterinary use. North America was the largest region in the veterinary disposables market in 2023. Asia-Pacific was the second-largest region in the global veterinary disposables market analysis. The regions covered in the veterinary disposables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the veterinary disposables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain The veterinary disposables market consists of sales of bandages, lab instruments, examination and surgical gloves, catheters, and urinary bags. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The veterinary disposables research report is one of a series of new reports from The Business Research Company that provides veterinary disposables statistics, including veterinary disposables industry global market size, regional shares, competitors with veterinary disposables share, detailed veterinary disposables segments, market trends and opportunities, and any further data you may need to thrive in the veterinary disposables industry. This veterinary disposable research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Veterinary Imaging Equipment Market Definition And Segments

Veterinary imaging equipment refers to veterinary diagnostic equipment such as radiography, X-ray, ultrasound imaging, MRI, CT imaging, endoscopy imaging, and other imaging equipment. used to obtain medical images of animals for the diagnosis of various diseases. This industry includes establishments that produce diagnostic equipment that is used in cardiology, orthopedics & traumatology, oncology, neurology, and others. The main types of veterinary imaging equipment are radiography (x-ray) systems, ultrasound imaging systems, computed tomography imaging systems, video endoscopy imaging systems, magnetic resonance imaging systems, and others. They are used for small companion animals, large animals, and other animal types. Ultrasound imaging equipment refers to the imaging equipment that is used for animals to diagnose a disease. The different modalities include portable and stationary. These are applicable in orthopedics and traumatology, oncology, cardiology, neurology, and other applications. Veterinary imaging equipment is used in veterinary hospitals, veterinary clinics, academic and research organizations, and other end users. The veterinary imaging equipment market covered in this report is segmented – 1) By Type: Radiography (X-Ray) System, Ultrasound Imaging System, Computed Tomography Imaging System, Video Endoscopy Imaging System, Magnetic Resonance Imaging System, Other Types 2) By Animal Type: Small Companion Animals, Large Animals, Other Animal Types 3) By Modality: Portable, Stationery 4) By Application: Orthopedics And Traumatology, Oncology, Cardiology, Neurology, Other Applications 5) By End User: Veterinary Hospitals, Veterinary Clinics, Academic and Research Organizations, Other End Users The veterinary imaging equipment market size has grown strongly in recent years. It will grow from $1.88 billion in 2023 to $2 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to a rise in pet ownership, the prevalence of veterinary diseases, the expansion of veterinary services, increase in animal health expenditure, awareness and education. The veterinary imaging equipment market size is expected to see strong growth in the next few years. It will grow to $2.59 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rising demand for specialty veterinary services, telemedicine and remote imaging, globalization of veterinary services, focus on preventive care, and growing research in veterinary imaging. Major trends in the forecast period include advancements in imaging technologies, a growing focus on point-of-care imaging, integration of artificial intelligence (AI), specialized imaging for exotic animals, telemedicine, and remote imaging consultations.

Expanding Livestock Populations Fueling The Veterinary Imaging Equipment Market

The rising livestock population is anticipated to boost the demand for veterinary imaging equipment market. The surge in the livestock population and associated diseases is expected to drive the demand for veterinary medical equipment, including veterinary imaging equipment, to diagnose and treat various diseases in animals. For instance, according to the Food and Agriculture Organization of the United Nations, the global cattle population is projected to increase to 2.6 billion by 2050 and the global population of goats and sheep is predicted to reach 2.7 billion by the end of 2050. Consequently, growth in the livestock population is expected to trigger the demand for veterinary imaging equipment in the forecast period.

Elevating Veterinary Imaging Equipment Market Livestock Farming's Impact On Diagnosis And Treatment

The growth in livestock farming is expected to propel the growth of the veterinary imaging equipment market in the coming years. Livestock farming is the activity of rearing domesticated creatures in an agricultural environment for a variety of reasons, such as sustenance, labor, and other goods. Livestock animals are often farmed for their meat, skins, wool, milk, and other goods. Veterinary imaging technology is essential in determining the condition and therapy of animals in cattle husbandry. The use of modern imaging technologies, such as CT and MRI scanners, is becoming more common in veterinary medicine since it assists in supplementing the veterinarian's diagnostic workups and interpretations. For instance, in December 2022, according to the U.S. Department of Agriculture, a US-based government agency in charge of supervising the farming, ranching, and forestry sectors, as well as regulating food quality and safety and nutrition labeling, family farms of various varieties would account for roughly 98 percent of all farms in the United States. Small family farms (less than $350,000 in GCFI) represented 89 percent of all farms in the United States. Approximately 3% of farms were large-scale family farms ($1 million or more in GCFI), yet they made up 47% of the production value in 2021. Therefore, the growth in livestock farming is driving the veterinary imaging equipment market. Major companies operating in the veterinary imaging equipment market report are Hitachi Ltd., Siemens AG, General Electric Healthcare, Canon Inc., Toshiba Corp., Fujifilm Holdings Corporation, Becton Dickinson and Company, B. Braun SE, VCA Inc., Covetrus Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Mindray Medical International Limited, Smiths Medical Inc., IDEXX Laboratories Inc., Agfa-Gevaert N.V., Carestream Health Inc., Midmark Corporation, Esaote S.P.A, Heska Corp., Sedecal USA Inc., Kaixin Electric Co. Ltd., Chison Medical Imaging Co. Ltd., Digicare Biomedical Technology Inc., DRE Veterinary Inc., Vetland Medical Sales and Services LLC, Hallmarq Veterinary Imaging Ltd., MinXray Inc., Excelsior Union Limited, Diagnostic Imaging Systems Inc., BCF Technology Ltd., Vetronic Services Ltd.

Challenges In The Veterinary Imaging Equipment Market Cost Barriers And Their Impact

The high cost of veterinary imaging systems is expected to limit the growth of the veterinary imaging equipment market over the coming years. Veterinary imaging equipment is considered to be costly, which is likely to be a major challenge for veterinary hospitals and clinics. For instance, the veterinary digital radiography systems cost ranges between $25,000 and $50,000. The cost of ultrasound devices is estimated to range from $2,000 to $3,000 for small portable machines, and large machines can range from $50,000 and more. In addition to this, the maintenance agreement cost is estimated to be around 15% of the purchase price. Therefore, the high cost of veterinary imaging equipment and associated maintenance costs will act as a key factor in hindering the market size market growth.

Innovation In Imaging Equipment Market

Key companies operating in the veterinary imaging equipment market are focusing on the launch of portable or wireless devices to provide better solutions for effective veterinary technologies, which is projected to be a leading trend in the veterinary imaging equipment market. For instance, in September 2022, Planmed, a Finland-based designer and manufacturer of imaging systems, launched Planmed Verity VET – a high-resolution CT scanner for veterinary 3D imaging. It is a standalone cone beam CT scanner created especially for imaging animals. The animal's skeletal structures, including the teeth, skull, and extremities, are represented in incredibly precise submillimeter-resolution 3D pictures. Its precise volumetric images allow for consistently accurate diagnosis and treatment planning. The portable and small Planmed Verity VET scanner makes it simple to access 3D imaging when necessary and brings it right to the patient.

Innovation In Veterinary Diagnostics CHISON's Launch Of Portable Color Doppler Ultrasound SonoBook 9 VET

Major companies operating in the veterinary diagnostic equipment market are focusing on innovative products, such as portable ultrasound sonobooks to better meet the needs of their existing consumers. A portable ultrasound sonobook is imaging equipment that can be repositioned to any location and is intended to meet a variety of imaging demands, such as cardiovascular, general practice, obstetric, and gynecological imaging. It is a smart ultrasound system with several functionalities and clever solutions for various diagnostic requirements. For instance, in November 2022, CHISON Medical Technologies Co., Ltd., a China-based imaging equipment manufacturing company, launched the portable color Doppler ultrasound SonoBook 9 VET. The Portable Color Doppler ultrasound SonoBook 9 VET is a high-end veterinary product with revolutionary technology, an intelligent platform, enhanced performance, a higher frame rate, and high resolution, designed specifically for veterinary research and application to veterinarians' thorough clinical diagnosis. The system offers a wide range of clinical applications and imaging assistance for cardiology, micro-magnetic navigation, cancer, biology of development, abdominal organs, and other fields.

Strategic Acquisition Mindray Strengthens Veterinary Diagnostic Equipment Portfolio With HyTest Invest Oy

In September 2021, Mindray, a company operating in veterinary imaging equipment based in China, acquired HyTest Invest Oy and its subsidiaries for an undisclosed amount. With this acquisition, HyTest Company enables Mindray to have top-notch raw material R&D and innovation capabilities and also helps in investing in R&D as well as strengthening and improving its competitive edge. HyTest is a company operating in veterinary imaging equipment based in Finland. North America was the largest region in the veterinary imaging equipment market in 2023. Asia-Pacific was the second-largest region in the global veterinary imaging equipment market share. The regions covered in the veterinary imaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the veterinary imaging equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain The veterinary imaging equipment market consists of sales of positron-emission tomography, nuclear medicine imaging, fluoroscopy, and echocardiography. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The veterinary imaging equipment research report is one of a series of new reports from The Business Research Company that provides veterinary imaging equipment statistics, including veterinary imaging equipment industry global market size, regional shares, competitors with veterinary imaging equipment share, detailed veterinary imaging equipment segments, market trends and opportunities, and any further data you may need to thrive in the veterinary imaging equipment industry. This veterinary imaging equipment research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Veterinary Services Market Definition And Segments

Veterinary services refer to a type of service that is engaged in providing veterinary services to pets, farm animals, and animals kept in zoos and wildlife parks, including animal hospitals and veterinary clinics that provide consultation services, treatment, and curative medicines to animals to improve their health and life cycles. The main types of veterinary services are animal hospitals and veterinary clinics, and veterinary laboratory testing services. Veterinary laboratory testing services refer to the services that are provided to animals to test for a disease. The types of services offered are onsite and offsite and are used for livestock and companion animals. The expenditure includes public and private. The veterinary services market covered in this report is segmented – 1) By Type: Animal Hospitals And Veterinary Clinics, Veterinary Laboratory Testing Services 2) By Type of Service: Onsite, Offsite 3) By Type of Animal: Livestock, Companion Animals 4) By Type of Expenditure: Public, Private Subsegments Covered: Routine Examinations, Non-surgical Procedures, Surgical Procedures, Pet Animals Laboratory Testing Services, Livestock Laboratory Testing Services The veterinary services market size has grown strongly in recent years. It will grow from $138.94 billion in 2023 to $148.77 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to the growth of pet ownership trends, humanization of pets, urbanization and population density, and companion animal insurance. The veterinary services market size is expected to see strong growth in the next few years. It will grow to $194.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to preventive and wellness services, specialized veterinary care, one health approach, e-commerce in pet pharmaceuticals, and global pandemic impact. Major trends in the forecast period include technological innovations, telemedicine and remote consultations, advancements in veterinary medicine, telehealth for pets, and a focus on preventive care.

Rising Meat Production Fuels Growth In Veterinary Services Market

Global meat production is expected to rise in the forecast period, supporting the growth of the veterinary services market. According to the US Department of Agriculture, in 2020, beef production in the USA increased to 27.5 billion pounds, the highest production volume registered in the country. Rising meat production is especially prominent in developing countries such as China, India, and Brazil, where increasing populations and rising income levels are stimulating the demand for meat products. By 2027, the production of meat and poultry in emerging markets is expected to increase by 76%. By 2050, China's meat imports are expected to grow by over 3,500% to $150 billion as consumption of chicken, pork, and beef will surge due to the country's rising middle class. The rising production of meat products supported by the growing population will increase the demand for feed additives in the livestock industry, driving the veterinary services market.

Companion Animal Adoption Fuels Veterinary Services Market Growth

The rising adoption of companion animals is expected to drive the growth of the veterinary services market. Companion animals refer to domesticated or domestic-bred animals whose physical, emotional, behavioral, and social needs are quickly addressed as housemates or near humans. Veterinary services are essential for diagnosing and treating health issues in companion animals, ensuring their well-being, and preventing the spread of zoonotic diseases. For instance, in June 2023, according to the American Pet Products Association, a US-based trade association representing the pet industry, Americans spent $136.8 billion on pet health in 2022, an increase of 10.68% from $123.6 billion in 2021. Therefore, the rising adoption of companion animals is driving the growth of the veterinary services market. Major companies operating in the veterinary services market report are Mars Inc., Zoetis Inc., VCA Inc., IDEXX Laboratories Inc., Qiagen N.V., Pets at Home Group PLC, BluePearl Pet Hospital, Dechra Pharmaceuticals PLC, PetIQ LLC, CVS Group PLC, Banfield Pet Hospital, Neogen Corporation, Vetpartners, Greencross Limited, National Veterinary Associates Inc., Pathway Vet Alliance LLC, Ethos Veterinary Health LLC, Southern Veterinary Partners, VetCor, VetStrategy, National Veterinary Care Ltd., VetnCare, PetVet Care Centers, Kremer Veterinary Services, Armor Animal Health, Addison Biological Lab Inc., FirstVet AB, Vetnovo

Impact Of COVID-19 On The Veterinary Services Market

The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the veterinary services market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of ‘lockdown’ and the outbreak hurting businesses throughout 2020 and into 2021. However, it is expected that the veterinary services market will recover from the shock across the forecast period as it is a ‘black swan’ event and not related to ongoing or fundamental weaknesses in the market or the global economy.

The Growing Use Of Telemedicine In Veterinary Care

Telemedicine is gaining traction as this technology enables pet owners to get access to quality care from remote locations. Telemedicine is a subset of telehealth that includes remote clinical and non-clinical elements of the healthcare system. It refers to the direct communication between veterinarians and clients via communication systems such as phones, mail, and video conferencing technologies. This technology also helps in improving existing veterinarian-client-patient relationships. Busy lifestyles and consumers' preference for personalized services are driving the demand for telemedicine services. For instance, some of the veterinary clinics offering telemedicine include Televet, Fuzzy Pet Health, and Healthpets.

Strategic Partnerships To Gain A Competitive Edge

Major companies operating in the veterinary services market are focused on developing strategic partnerships to drive revenues in the market. Collaboration between companies can bring several advantages, including access to new technology, increased customer choice, global servicing capabilities, a collaborative global platform, and integration of services. For instance, in September 2022, GlobalVetLink, a US-based provider of software services and informatics solutions in the field of animals, collaborated with Veterinary Innovative Partners to streamline clinic processes. By implementing the GlobalVetLink Compliance Assistant platform, Veterinary Innovative Partners aims to improve efficiency in managing animal health certificates and other compliance documents required for pet travel. The GlobalVetLink Compliance Assistant is a comprehensive Software-as-a-Service (SaaS) platform designed to streamline animal health compliance for all veterinary practices. North America was the largest region in the veterinary services market in 2023. Asia-Pacific was the second-largest region in the veterinary services market. The regions covered in the veterinary services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the veterinary services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa. The veterinary services market includes revenues earned by entities by providing treatment for ill animals, prevention of production-limiting conditions, distribution of medicines, vaccinations, and other products. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The veterinary services research report is one of a series of new reports from The Business Research Company that provides veterinary services statistics, including veterinary services industry global market size, regional shares, competitors with veterinary services share, detailed veterinary services segments, market trends and opportunities, and any further data you may need to thrive in the veterinary services industry. This veterinary services research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Equine Healthcare Market Definition And Segments

Equine healthcare refers to healthcare services that are engaged in offering services and products intended for treating horses to enhance their quality of life, to develop the quality of animal food and to increase their lifespan. Equine healthcare includes veterinary services provided to horses used for racing and betting, competitive riding, and leisure. Routine veterinary care for vaccinations, parasite control, dental care, grooming, hoof care, and protection from natural elements such as rain, wind, and snow are all part of equine healthcare. The main product types of equine healthcare are drugs, vaccines, and medical feed additives. Drugs are pharmacologically active substances administered to horses in the incident of any disease. The different diseases include equine influenza, equine herpes virus, equine encephalomyelitis, West Nile virus, equine rabies, Potomac horse fever, and tetanus and are distributed through veterinary hospitals and clinics, retail pharmacy, and online pharmacies. The equine healthcare market covered in this report is segmented – 1) By Product Type: Drugs, Vaccines, Medical Feed Additives 2) By Disease: Equine Influenza, Equine Herpes virus, Equine Encephalomyelitis, West Nile Virus, Equine Rabies, Potomac Horse Fever, Tetanus 3) By Distribution: Veterinary Hospitals and Clinics, Retail Pharmacy, Online Pharmacies The equine healthcare market size has grown strongly in recent years. It will grow from $1.34 billion in 2023 to $1.42 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to equine aging population, preventive healthcare practices, equestrian sports and activities, rising awareness among owners, disease outbreaks and control. The equine healthcare market size is expected to see strong growth in the next few years. It will grow to $1.81 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to genetic testing and personalized medicine, equine wellness programs, globalization of equine events, zoonotic disease preparedness, compliance with anti-doping regulations. Major trends in the forecast period include telemedicine and remote monitoring solutions, wearable technologies for horses, equine rehabilitation and physical therapy, equine dental care and dentistry services, herbal and alternative therapies.

Growing Awareness Of Animal Health And Increased Investments Propel The Equine Healthcare Market

The growing awareness of animal healthcare will support the growth of the equine healthcare market during the forecast period. People are becoming more aware of the importance of animals in the ecosystem, and animal health is critical not just for their safety and well-being, but also for the safety and well-being of humans. The diseases in animals can easily be transferred to humans hence, governments and private institutions are investing to develop the animal healthcare infrastructure in various countries. For instance, in September 2021, the US department of agriculture announced an investment of $3 billion in animal health and nutrition. Thus, the rising awareness among the human population about the importance of animal healthcare and increasing investment in animal healthcare will support the growth of the market, during the forecast period.

Zoonotic Disease Surge Is Propelling Growth In The Equine Healthcare Market

Rising incidences of zoonotic diseases are expected to boost the growth of the equine healthcare market going forward. Zoonotic diseases are infectious diseases caused by pathogens, such as viruses, bacteria, parasites, or fungi, that can be transmitted between animals and humans. The equine healthcare market expands due to heightened zoonotic disease incidences, with owners prioritizing preventive measures and healthcare for horses, driven by increased awareness of zoonotic transmission risks and the adoption of veterinary products and services. For instance, in December 2022, according to a report published by the European Centre for Disease Prevention and Control, a Sweden-based government agency, Campylobacteriosis remains the most prevalent zoonosis, with a notable rise in reported cases to 127,840 in 2022. Chicken and turkey meat accounted for the majority of reported campylobacteriosis cases. Salmonella, the second-most common zoonosis, infected 60,050 individuals. Following Campylobacteriosis and Salmonellosis, Yersiniosis (6,789 cases), Shigatoxin-producing E. coli infections (6,084 cases), and Listeriosis (2,183 cases) were the most frequently reported zoonotic diseases. Therefore, rising incidences of zoonotic diseases are driving the growth of the equine healthcare market. Major companies operating in the equine healthcare market report are Merck & Co. Inc., Bayer AG, Sanofi S.A., Boehringer Ingelheim, Zoetis Inc., Patterson Companies Inc., Elanco, Idexx Laboratories Inc., Covetrus, Ceva Sante Animale, Virbac, Hilltop BioSciences Inc., Dechra Pharmaceuticals PLC, CVS Group PLC, Vetoquinol, Greencross Limited, ESAOTE SPA, Purina Animal Nutrition LLC, National Veterinary Care Ltd., Applied Biologics, SOUND, Hallmarq Veterinary Imaging, Ethos Veterinary Health LLC, Jaguar Animal Health, Addison Biological Laboratory Inc., Animart LLC, Prisma Imaging, Bimini LLC, BioPredic International, Epona Biotec, Equine Therapy Solutions

Advancements In Equine Healthcare With The Introduction Of Remote Temperature Monitoring Systems

The introduction of new and effective products by key manufacturers in equine healthcare for rapid detection of disease in the equine population and to ensure better therapeutic outcomes is a key trend in the market. For instance, in June 2021, Epona Biotec, a veterinary startup dedicated to advancing equine health care, launched the VetTrue System, a remote temperature-monitoring system for horses. A team of veterinary, equestrian, and technology professionals developed the VetTrue System to provide a more accurate, less invasive health-monitoring solution for veterinarians, horse owners, and professionals in the equestrian industries. The VetTrue System makes use of a single-use TailTab temperature sensor that is securely attached beneath the tail. Once implanted, the horse's temperature is continuously monitored and transferred to the VetTrue App through Bluetooth.

Revolutionary Protein-Based Solution Offering Safety And Efficacy In Strangles Prevention

Major companies operating in the equine healthcare market are developing innovative products, such as protein-based vaccines, to meet larger customer bases, increase sales, and increase revenue. A protein-based vaccine would generally involve using specific proteins or antigens from the target pathogen to stimulate an immune response without using the live or killed form of the pathogen itself. For instance, in August 2022, Dechra Pharmaceuticals PLC, a UK-based pharmaceutical company, launched the Strangvac vaccine for horses and ponies. Strangvac stands out as the sole intramuscular vaccine designed to safeguard against strangles, a disease stemming from the bacterium Streptococcus equi. Distinguished by its composition, Strangvac incorporates recombinant proteins CCE, Eq85, and IdeE derived from Streptococcus equi. Notably, it incorporates a Differentiating Infected from Vaccinated Animals (DIVA) capability. A distinctive aspect is that its formulation is devoid of live bacteria or bacterial DNA, ensuring that it does not trigger positive results in culture or PCR tests. This unique feature enhances the vaccine's efficacy and safety in preventing strangles in horses.

IVC Evidensia Acquired VetOne Group

In October 2021, IVC Evidensia, a UK-based veterinary care provider acquired VetOne Group for an undisclosed amount. With this acquisition, IVC Evidensia expanded its veterinary care services across France to 155 veterinary clinics and hospitals. VetOne Group is a France-based provider of quality veterinary resources to the animal health industry. North America was the largest region in the equine healthcare market in 2023. The regions covered in the equine healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the equine healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The equine healthcare market includes revenues earned by entities by taking care of a horse for vaccinations, parasite control, and dental care. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The equine healthcare market research report is one of a series of new reports from The Business Research Company that provides equine healthcare market statistics, including equine healthcare industry global market size, regional shares, competitors with an equine healthcare market share, detailed equine healthcare market segments, market trends and opportunities, and any further data you may need to thrive in the equine healthcare industry. This equine healthcare market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Pet Care E-Commerce Market Definition And Segments

Pet care e-commerce is a website used to bridge the gap between pet parents and correct pet care information. Social media have been used as a tool along with the website. Brands have created a reliable online marketplace with a D2C business model so pet parents can choose from pet care brands that best fit their pet's needs. The main products of pet care e-commerce are pet grooming products, pet food, medications (OTC and supplies), and other products. The animal types are canine, feline, crawler, and other animals, and they involve applications such as fungal infections, digestive problems, and others. The pet care E-commerce market covered in this report is segmented – 1) By Product: Pet Grooming Products, Pet Food, Medications (OTC/Supplies), Other Products 2) By Animal Type: Canine, Feline, Crawler, Other Animals 3) By Application: Fungal Infections, Digestive Problems, Other Applications The pet care e-commerce market size has grown rapidly in recent years. It will grow from $27.87 billion in 2023 to $31.31 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to increasing pet ownership, urbanization, growing use of the Internet and smartphones, shifts in lifestyle, increasing awareness of pet health. The pet care e-commerce market size is expected to see rapid growth in the next few years. It will grow to $49.05 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to adoption of subscription-based services, rise of automation, increasing preference for environmentally friendly pet care, growth in online veterinary consultations, globalization of e-commerce. Major trends in the forecast period include health monitoring wearables, virtual pet adoption, pet food subscription services, innovative packaging, DIY pet grooming kits.

Surge In Pet Adoptions Ignites Growth In Pet Care E-Commerce

The rising pet adoption rate is expected to drive the pet care e-commerce market. Pet adoption refers to shelters and rescues full of loving, spayed or neutered, vaccinated, and trained pets who are just waiting to meet you. Pet care brands are upping their marketing game and expanding their e-commerce presence to connect with consumers. For instance, in July 2022, according to the American Society for the Prevention of Cruelty to Animals, a US-based non-profit organization, only 3.2 million of the roughly 6.5 million animals that enter shelters each year are adopted. Further, in July 2022, according to the Humane Society, an India-based animal protection organization, every year, 31% of cats and 28% of dogs are adopted from shelters. Therefore, rising pet adoption is driving the growth of the pet care e-commerce market.

Surging Consumer Spending On E-Commerce Platforms

The rising consumer spending on e-commerce platforms is expected to propel the growth of the pet care e-commerce market going forward. E-commerce platforms are software solutions that enable the commercial process of buying and selling over the internet, offering features such as search, cart, and payment processing. Consumer spending on e-commerce platforms in the pet care industry is helpful, as it contributes to increased sales, cost savings for pet owners, and the convenience of accessing a diverse range of pet products. It will drive market growth, encourage technological advancements, and raise awareness regarding pet healthcare. For instance, in November 2023, according to the International Trade Administration, a US-based Department of Commerce, the UK is the third largest eCommerce market in the world after China, and U.S. consumer eCommerce now accounts for 36.3% of the total retail market in the UK, with eCommerce revenue projected to increase to $285.60 billion by 2025. In 2022, UK online sales saw their highest annual growth since 2007, with sales increasing by 36%. Therefore, the rising consumer spending on e-commerce platforms is driving the growth of the pet care e-commerce market. Major companies operating in the pet care e-commerce market report are Walmart Inc., Amazon.com Inc., Nestlé S.A., Colgate-Palmolive Company, Chewy Inc., Zoetis Inc., PetSmart Inc., Petco Health and Wellness Company Inc., Pet Supplies Plus LLC, Blue Buffalo Company Ltd., PETstock Pty Ltd., BarkBox Inc., PetMed Express Inc., Groomers Delight LLC, Champion Petfoods LP, Dover Saddlery Inc., SmartPak Equine LLC (SmartPAK), NomNomNow Inc. HealthyPets Inc., Revival Animal Health Inc., PetFlow LLC, TABcom LLC, Ancol Pet Products Limited, Ollie Pets Inc., Spot & Tango LLC, Wild One Holdings LLC The Pawfect Box Ltd., CatLadyBox LLC, PetPlate Inc., Doskocil Manufacturing Company Inc.

Pet Care E-Commerce Evolution Drive Market Growth With Wellness Solutions

Product innovations are a key trend gaining popularity in the pet care e-commerce market. Major companies operating in the pet care e-commerce markets are concentrating on creating innovative product solutions to boost their market share. For instance, in August 2022, Chewy, a US-based company operating in pet care e-commerce, launched CarePlus, enabling millions of pet parents to access wellness and insurance plans. It is the most recent addition to Chewy's expanding line of health and wellness products, expanding access to high-quality, reasonably priced pet healthcare. The product's distinguishing characteristics include 100% cost coverage for eligible prescription drugs, supplements, and veterinary diet food purchases made on Chewy.com.

AI-Powered Smart Pet Doors Redefine Pet Ownership Experience With Personalized Access Control

Major companies operating in pet care E-commerce market are developing innovative products by using advanced technologies such as AI-powered facial recognition technology to better serve the customers with advanced features. AI-powered facial recognition technology utilizes machine learning to perform facial recognition and only opens when it identifies a familiar pet's face. For instance, in June 2022, Petvation, a US-based technological solution provider, launched an AI-based smart pet door by using AI-powered facial recognition technology. AI-powered smart pet doors allow pet owners to set customized access rules. This can include specific entry and exit times, restricting access to certain pets, or creating personalized access schedules for individual pets.

Virbac Corporation Acquired Ivet Llc

In July 2021, Virbac Corporation, a France-based animal health pharmaceutical company acquired iVet LLC for an undisclosed amount. This acquisition, Virbac would like to strengthen its position in the animal health market and in the field of pet food. iVet LLC is a US-based pet food company operating in the pet oral care products market. North America was the largest region in the pet care e-commerce market in 2023. The regions covered in the pet care e-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pet care e-commerce market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The pet care e-commerce market includes revenues earned by entities from various categories of animals, such as mammals, birds, fish, reptiles, amphibians, and minibeasts. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The pet care e-commerce market research report is one of a series of new reports from The Business Research Company that provides pet care e-commerce market statistics, including pet care e-commerce industry global market size, regional shares, competitors with a pet care e-commerce market share, detailed pet care e-commerce market segments, market trends and opportunities, and any further data you may need to thrive in the pet care e-commerce industry. This pet care e-commerce market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Pet Grooming Services Market Definition And Segments

Pet grooming services are establishments where animals are groomed and washed, including the ancillary sale of products related to this service. Services for pet grooming can reveal several symptoms of illness or injury in animals and assist in avoiding several health problems. The main services of pet grooming services are bathing, brushing, nail trimming, and other services. Bathing refers to washing or soaking (in water or steam) all or part of the body. The different pets are dogs, cats, and other pets, and these services are distributed online and offline. The various end-users included household and commercial users. The pet grooming services market covered in this report is segmented – 1) By Service: Bathing, Brushing, Nail Trimming, Other Services 2) By Pet: Dogs, Cats, Other Pets 3) By Distribution Channel: Online, Offline 4) By End-User: Household, Commercial The pet grooming services market size has grown strongly in recent years. It will grow from $7.38 billion in 2023 to $7.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increased pet ownership, humanization of pets, rising disposable income, social media influence, busy lifestyles. The pet grooming services market size is expected to see strong growth in the next few years. It will grow to $10.74 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to e-commerce integration, globalization, rise in pet insurance, mobile grooming services, government regulations. Major trends in the forecast period include virtual grooming consultations, DIY grooming kits, subscription-based grooming services, human-grade ingredients, AI-powered grooming tools.

Surge In Pet Expenditure Propels Growth Of The Pet Grooming Services Market

The increase in pet expenditure is expected to propel the pet grooming services market going forward. Pet expenditures include pet food, pet purchases, supplies and medicine, pet services, and veterinarian services. People are more open to spending on their pets due to increased education and exposure, and pets are regarded as members of the family and not just guards of home spaces. For instance, in April 2022, according to an article published by the American Pet Products Association (APPA), a US-based trade organization representing the pet products sector's interests, the national pet sector saw its highest-ever sales of $123.6 billion in 2021, an increase of 13.6% from the previous year. Therefore, the increasing pet expenditure is driving the growth of the pet grooming services market.

Pet Grooming Services Surge In Demand Amid Rising Concerns Over Zoonosis

Increasing concerns over zoonosis are expected to propel the pet grooming services market going forward. Zoonosis refers to infectious diseases that can be transmitted between animals and humans. Pet grooming services are used during zoonotic disease events to maintain and enhance the hygiene of pets, reducing the risk of disease transmission between animals and humans. Regular grooming helps control the spread of zoonotic pathogens, ensuring a clean environment and promoting the overall well-being of both pets and their owners. For instance, in July 2021, according to the Centers for Disease Control and Prevention (CDC), a US-based government agency, zoonotic diseases were very common, with more than 6 out of every 10 known infectious diseases in people being spread by animals and 3 out of every 4 new or emerging infectious diseases coming from animals. Therefore, the increasing concerns over zoonosis are driving the growth of the pet grooming services market. Major companies operating in the pet grooming services market report are Chewy Inc., PetSmart LLC, Petco Animal Supplies Inc., Spectrum Brand Holdings Inc., Pets At Home Inc., Pet Valu Inc., Pet Supplies Plus, Independent Pet Partners, Pet Supermarket Inc., Petland Inc., PetEdge Inc., Dogtopia Enterprises, Wag Labs Inc., Rosewood Pet Products Ltd., PetPeople Enterprises LLC, Hagen Inc., Pet Palace Resort, Resco spol. s.r.o., Anvis Inc., Groomer's Choice, Pooch Dog SPA, Leo&Lucky’s, EarthWise Pet, The Pooch Mobile, Muddy Paws, Petsfolio, Paradise Paws, PetBacker, Pawz & Company, Flushable Wipes, The Dog House Pet Salon, The Dog Stop, The Groomery by PetSmart, The Pet Station Country Club, The Woof Room, Top Dog Ltd., Zoomin Groomin

Dogcare Inc. Introduces World's First Smart Pet Clipper

Technological advancement is a key trend in the pet grooming services market. Major companies operating in the pet grooming services market are concentrating on creating new technology solutions. For instance, in December 2021, DogCare Inc., a US-based company operating in pet grooming services, launched the world's first smart pet clipper for quick home grooming, the DogCare Pet Clipper. The dog care pet clipper gives pet owners the ability to undertake professional-caliber grooming in the convenience of their own homes because of its robust performance and reliable design. It provides three settings for home grooming that are suitable for both beginners and experts: quiet mode for thin hair and sensitive regions, turbo mode for thick hair and dense areas, and smart mode.

Pet Grooming Industry Innovates With Home Grooming Services For Stress-Free Pet Care

Major companies operating in the pet grooming services market are concentrating on creating new solutions, such as home pet grooming services, to provide high-quality care for pets. Home pet grooming services refer to professional grooming services provided at the pet owner's residence, offering convenience and a stress-free experience for both the pet and the owner. For instance, in December 2023, Petfolk, an India-based pet grooming service provider, launched home pet grooming services to cater to pet lovers within a short time of their requirements. The new service aims to bring professional grooming services directly to pet owners' homes, as it can be accessed through the mobile pet grooming services option and utilizes specially designed vans equipped with cutting-edge technology. Petfolk's team of expert groomers will provide grooming services at the pet owner's doorstep, reaching out to them on eco-friendly bikes.

Pet Supplies Plus Strengthens Presence With Acquisition Of Wag N' Wash

In February 2022, Pet Supplies Plus, a US-based retailer of pet supplies that sells food, clothes, and accessories, acquired Wag N' Wash for an undisclosed amount. With this acquisition, the combined businesses provide their owners with better resources to serve their communities and pets, including best-in-class fulfilment and assortment through a shared supply chain, back-office functionality and technology, pricing, and cost assistance, among other things. Wag N' Wash is a US-based company operating in pet grooming services. North America was the largest region in the pet grooming services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the pet grooming services market report during the forecast period. The regions covered in the pet grooming services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pet grooming services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The pet grooming services market includes revenues earned by entities from massage, spa, shearing and trimming, and other services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The pet grooming services market research report is one of a series of new reports from The Business Research Company that provides pet grooming services market statistics, including pet grooming services industry global market size, regional shares, competitors with a pet grooming services market share, detailed pet grooming services market segments, market trends and opportunities, and any further data you may need to thrive in the pet grooming services industry. This pet grooming services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.