Overview and Scope
Veterinary eye care refers to the specialized field of veterinary medicine focused on the diagnosis, treatment, and management of eye-related conditions and diseases in animals. It is used for preserving the visual health and well-being of animals, enhancing their quality of life, and ensuring their ability to perform essential tasks and behaviors.
Sizing and Forecast
The veterinary eye care market size has grown strongly in recent years. It will grow from $65.03 billion in 2023 to $68.25 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to advancement in veterinary medicine, companion ownership trends, preventive healthcare, technological Innovation, and education and awareness.
The veterinary eye care market size is expected to see strong growth in the next few years. It will grow to $83.51 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to population trends, regulatory environment, consumer preference and spending, healthcare access and insurance, and emerging diseases and conditions. Major trends in the forecast period include advanced imagining techniques, minimally invasive surgical procedures, and gene therapies.
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Segmentation & Regional Insights
The veterinary eye care market covered in this report is segmented –
1) By Product Type: Ophthalmic Drugs, Ophthalmic Devices, Ophthalmic Surgery
2) By Animal Type: Companion Animal, Livestock Animals
3) By Indication: Eyelid Abnormalities, Cataract, Glaucoma, Retinal Complications, Uveitis, Conjunctivitis, Corneal Complications, Other indications
4) By End User: Veterinary Hospital, Veterinary Clinics, Other End Users
North America was the largest region in the veterinary eye care market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary eye care 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 increasing pet population is expected to propel the growth of the veterinary eye care market going forward. Pet population refers to the total number of domestic animals that are kept by humans for companionship, emotional support, recreation, or other non-utilitarian purposes. The rise in the pet population is due to societal trends favoring pet ownership, advancements in veterinary medicine, and increased awareness of the importance of pet healthcare. Veterinary eye care is crucial for diagnosing and treating ocular conditions in pets, ensuring overall visual health and quality of life. For instance, in December 2023, according to the National Pet Owners survey conducted by the American Pet Products Association (APPA), a US-based non-profit association, 66% of U.S. households owned a pet, accounting for roughly 86.9 million pet-owning homes in the U.S., including 46.5 million cats, 65.1 million dogs, and 2.2 million horses. Therefore, the increasing pet population is driving the growth of the veterinary eye care market.
Key Industry Players
Major companies operating in the veterinary eye care market are Boehringer Ingelheim, Zoetis Inc., Merck Animal Health, Bausch & Lomb Incorporated, Virbac, Menicon Co. Ltd., Nutramax Laboratories Inc., Manna Pro Products LLC, Farnam Companies , Bayer Animal Health, Beaphar, Revival Animal Health, MiracleCorp Products, Zymox , Domes Pharma, Epicur Pharma, TVM UK Animal Health Ltd., I-MED Animal Health, an-vision GmbH, Optixcare , MENFORSAN, Nutri-Vet , Boss Pet Products Inc.
The veterinary eye care market report table of contents includes:
1. Executive Summary
2. Veterinary Eye Care Market Characteristics
3. Veterinary Eye Care Market Trends And Strategies
4. Veterinary Eye Care Market – Macro Economic Scenario
5. Global Veterinary Eye Care Market Size and Growth
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32. Global Veterinary Eye Care Market Competitive Benchmarking
33. Global Veterinary Eye Care Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Veterinary Eye Care Market
35. Veterinary Eye Care Market Future Outlook and Potential Analysis
36. Appendix
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