Global Veterinary Equipment And Supplies market outlook 2024, Forecast To 2033
4 Mar, 2024
The veterinary equipment and supplies market size has grown strongly in recent years. It will grow from $1.95 billion in 2023 to$2.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to pandemic influence, surgical instrumentation advances, diagnostic equipment evolution. The veterinary equipment and supplies market size is expected to see strong growth in the next few years. It will grow to $2.91 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to rise in pet ownership, focus on preventive healthcare, advanced diagnostics and imaging, specialized veterinary services. Major trends in the forecast period include demand for point-of-care testing, geriatric pet care, shift in pet health awareness, specialized consumables, investments in R&D.
Global Veterinary Equipment And Supplies Market Key Driver
The increase in prevalence of diseases in animals is significantly contributing to the growth of the veterinary equipment and supplies market. As the number of obese pets continues to grow, diseases commonly associated with obesity, such as osteoarthritis, are also on the rise. The veterinary equipment and supplies aid in the diagnosis and treatment of diseases in animals. For instance, in 2021, according to a report issued by the Home Office, a UK-based ministerial department of Her Majesty's Government, the proportion of animal diseases and disorders procedures will increase to 48%. Therefore, increasing prevalence of diseases in animals is expected to propel the growth of the veterinary equipment and supplies market going forward. The 2023, 2024, and 2028 market size values underscore the critical need for advanced healthcare solutions in addressing medication-related errors and improving patient safety, reflecting a growing adoption of telemedicine technologies in intensive care settings worldwide.
Get A Free Sample Of The Global Veterinary Equipment And Supplies Market ReportGlobal Veterinary Equipment And Supplies Market Segments
The global 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
By Geography: The regions covered in the veterinary equipment and supplies market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the veterinary equipment and supplies market in 2023. 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.
Major Veterinary Equipment And Supplies Industry Players
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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Veterinary Equipment And Supplies Market Overview
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.
Veterinary Equipment And Supplies Global Market Report 2023 provides data on the global veterinary equipment and supplies market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The veterinary equipment and supplies market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.