What are the recent trends in market size and growth for the veterinary eye care market?
The veterinary eye care market size has grown strongly in recent years. It will grow from $68.25 billion in 2024 to $71.97 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. 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 $87.63 billion in 2029 at a compound annual growth rate (CAGR) of 5.0%. 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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How have varous drivers impacted the growth of the veterinary eye care market?
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.
What are the primary segments of the veterinary eye care market?
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
Subsegments:
1) By Ophthalmic Drugs: Anti-Inflammatory Drugs, Antibacterial Drugs, Antifungal Drugs, Lubricating Agents
2) By Ophthalmic Devices: Intraocular Lenses, Tonometers, Ophthalmoscopes, Retina Imaging Systems
3) By Ophthalmic Surgery: Cataract Surgery, Glaucoma Surgery, Retinal Surgery, Corneal Transplantation
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Which firms are leading the veterinary eye care market?
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.
How will industry trends affect the trajectory of the veterinary eye care market?
Major companies operating in the veterinary eye care market are focusing on innovative product, such as ocular lubricants, to enhance the comfort and ocular health of animals, improve treatment outcomes, and address a wide range of eye conditions. Ocular lubricants are specially formulated products designed to moisten and protect the surface of the eyes in animals. These lubricants help maintain proper hydration of the cornea and conjunctiva, providing relief from dryness, irritation, and discomfort. For instance, in April 2024, Millpledge Veterinary, a UK-based manufacturer of veterinary products, launched Oculeze, a new ocular lubricant designed to support eye health in animals. This product is suitable for various species, including dogs, cats, horses, and rabbits, and is particularly beneficial for managing conditions that require additional moisture or lubrication to support eye health. The ocular lubricant contains natural active ingredients such as glycerin (0.8%), aloe vera, chamomile, and propolis extract, known for their soothing and hydrating properties. It is phosphate-free, pH-neutral, and suitable for a wide range of conditions that require additional moisture or lubrication to maintain eye health.
Which geographic trends are shaping the veterinary eye care market, and which region has the highest market share?
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.
What Does The Veterinary Eye Care Market Report 2025 Offer?
The veterinary eye care market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
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