Overview and Scope
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.
Sizing and Forecast
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..
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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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the veterinary equipment and supplies market report are B. Braun Vet Care GmbH, Covetrus Inc., BD Animal Health, Cardinal Health Inc., ICU Medical Inc., Neogen Corporation., Integra LifeSciences, Midmark Corporation, Jorgensen Laboratories LLC, Shenzhen Mindray Animal Medical Technology Co Ltd., Eickemeyer Veterinary Equipment Inc., Digicare Biomedical Technology Inc., Dispomed Ltd., Grady Medical Systems Inc., Mila International Inc., Burtons Medical Equipment Ltd., Bionet America Inc., J & J Instruments Inc., Vetronic Services Ltd., Advancis Veterinary Ltd., New Gen Medical Systems LLC, DRE Medical Inc., Smiths Group plc., Vetland Medical Sales and Services LLC, DeLaval International AB, Zoetis Inc., Ceva Santé Animale S.A., Boehringer Ingelheim Animal Health, Merck & Co. Inc., Bayer Animal Health GmbH
The veterinary equipment and supplies market report table of contents includes:
1. Executive Summary
2. Veterinary Equipment And Supplies Market Characteristics
3. Veterinary Equipment And Supplies Market Trends And Strategies
4. Veterinary Equipment And Supplies Market – Macro Economic Scenario
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31. Global Veterinary Equipment And Supplies Market Competitive Benchmarking
32. Global Veterinary Equipment And Supplies Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Veterinary Equipment And Supplies Market
34. Veterinary Equipment And Supplies Market Future Outlook and Potential Analysis
