The veterinary equipment and supplies market size has seen sustained growth in recent years. It is projected to grow from $2.1 billion in 2024 to $2.26 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. This growth can be attributed to the influence of the pandemic, advances in surgical instrumentation, and the evolution of diagnostic equipment.
The market size is anticipated to witness robust growth in the next few years, reaching $3.13 billion in 2029 at a CAGR of 8.6%. This growth can be attributed to a rise in pet ownership, a focus on preventative healthcare, advancements in diagnostics and imaging, and specialized veterinary services. Major trends such as demand for point-of-care testing, geriatric pet care, a shift in pet health awareness, specialized consumables, and investments in R&D are expected to further propel this growth.
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What are the Key Driving Factors for the Veterinary Equipment and Supplies Market?
The increasing prevalence of diseases in animals is significantly contributing to the growth of the veterinary equipment and supplies market. With the rise in pet obesity, diseases associated with obesity, such as osteoarthritis, are also on the rise, necessitating the need for veterinary equipment and supplies for diagnosis and treatment.
The market is segmented by various criteria:
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
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Who are the Major Players in the Veterinary Equipment and Supplies Market?
Major companies operating in the veterinary equipment and supplies market include 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., and others.
What are the Emerging Trends in the Veterinary Equipment and Supplies Market?
The emergence of technological advancements is a key trend in the veterinary equipment and supplies market, with companies focused on developing new technology-based solutions to strengthen their market positions.
What is the Regional Analysis of the Veterinary Equipment and Supplies Market?
North America was the largest region in the veterinary equipment and supplies market in 2024, with the market report covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Veterinary Equipment and Supplies Market Report 2025 Offer?
The Veterinary Equipment and Supplies Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Veterinary equipment and supplies refer to scientifically developed products used to diagnose, monitor, or treat various animal-related health conditions.
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