Veterinary Medical Equipment Market Report 2026

The veterinary medical equipment market size has grown strongly in recent years. It will grow from $3.63 billion in 2025 to $3.89 billion in 2026 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increasing companion animal population, rising awareness of animal health, adoption of advanced diagnostic tools, growth of veterinary hospitals & clinics, government initiatives on animal welfare.

The veterinary medical equipment market size is expected to see strong growth in the next few years. It will grow to $5.24 billion in 2030 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to technological advancements in imaging & monitoring, integration of ai in veterinary equipment, expansion of telemedicine & remote monitoring, rising investments in veterinary r&d, growth in pet insurance & healthcare spending. Major trends in the forecast period include telemedicine integration, portable & point-of-care devices, minimally invasive surgical techniques, predictive animal health analytics, equipment standardization & modular design.

The rise in pet ownership is anticipated to fuel growth in the veterinary medical equipment market. This increase in pet ownership is largely attributed to higher disposable incomes, increased awareness of the emotional and physical benefits of pet companionship, and evolving societal norms that see pets as integral family members. Pet ownership involves individuals or families keeping animals as companions. Veterinary medical equipment for pet owners, such as home diagnostic kits and portable monitoring devices, enables them to better manage their pets’ health, supports early illness detection, and ensures timely veterinary care. For example, as of October 2024, the American Veterinary Medical Association, a nonprofit professional association, reported that the number of dog-owning households in the U.S. is projected to reach 59.8 million, or 45.5% of all U.S. households, while cat-owning households have increased to 42.1 million, representing 32.1% of all U.S. households. Thus, the rising pet ownership rate is boosting the veterinary medical equipment market.

Key players in the animal services market are actively investing in technological advancements, exemplified by the Magnifico Vet MRI System. Launched by Esaote North America, Inc., this imaging solution offers diagnostic efficacy for animals of different sizes. The Magnifico Vet employs sustainable green permanent-magnet technology, operating without the need for cryogens and consuming significantly less power compared to superconducting systems. This innovative system is designed to provide exceptional diagnostic image quality, reflecting a commitment to functional design and eco-conscious practices.

In October 2025, OR Technology Group, a UK-based provider of veterinary imaging equipment and support solutions, including multimodality diagnostic imaging systems, acquired VetEquip Ltd. for an undisclosed amount. Through this acquisition, OR Technology Group aimed to strengthen its European presence and enhance its technical service and support capabilities within the veterinary medical equipment market, improving response times and service quality for veterinary professionals. VetEquip Ltd., based in Ireland, specializes in the sale, service, and repair of veterinary equipment, offering products such as ultrasound, X-ray, endoscopy, and dentistry systems, along with associated technical support.

Major companies operating in the veterinary medical equipment market are Covetrus Inc., IDEXX Laboratories Inc., Integra LifeSciences Corporation, Mindray Medical International Limited, Midmark Corporation, Smiths Group plc, Carestream Health, Agfa-Gevaert Group, Nonin Medical, B. Braun Vet Care GmbH, Risol International Industrial Co. Limited, Guangzhou Medsinglong Import & Export Co. Ltd., Applied Bio Diagnostics Private Limited, Zoetis, Elanco, Merck Co. Inc, Vetpak, Agilis Ltd, Eickemeyer, Vetlabsupplies, Burtons, Dixion, Vic Group, Vetmarket, Draminski, Gervetusa Veterinary Surgical Instruments, X-Cel X-Ray Corp, Surgitel, Ceba, Centrovet, Hoppner Vet, Instituto Veterinario Uruguay S.A.

North America was the largest region in the veterinary medical equipment market in 2025. Asia-Pacific was the second-largest region in the veterinary medical equipment market. The regions covered in the veterinary medical equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the veterinary medical equipment market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

Tariffs have influenced the veterinary medical equipment market by increasing import costs for advanced imaging systems, anesthesia machines, and monitoring devices. This impact is most notable in regions heavily reliant on imported equipment, such as asia-pacific and parts of europe. High tariffs have raised production costs and slowed adoption among veterinary hospitals and clinics, particularly for high-end diagnostic and anesthesia equipment. However, tariffs have also encouraged local manufacturing and innovation, enabling domestic players to develop cost-effective alternatives and expand regional supply chains.

The veterinary medical equipment market research report is one of a series of new reports that provides veterinary medical equipment market statistics, including veterinary medical equipment industry global market size, regional shares, competitors with a veterinary medical equipment market share, detailed veterinary medical equipment market segments, market trends and opportunities, and any further data you may need to thrive in the veterinary medical equipment industry. This veterinary medical equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Veterinary medical equipment comprises various types of medical devices and surgical equipment, including endoscopic systems, dental equipment, and veterinary telemetry services. These tools are utilized for operations, therapy, diagnostic tracking, and maintaining vitals, ultimately enhancing animal care to mitigate the progression of diseases.

The primary types of veterinary medical equipment encompass veterinary diagnostic equipment, veterinary anesthesia equipment, veterinary patient monitoring equipment, and other veterinary medical equipment. Veterinary diagnostic equipment includes a range of medical tools and devices employed by veterinarians to assess, diagnose, and monitor the health of animals. These tools find application in diverse animal categories such as small companion animals, large animals, and others. The products utilized consist of instruments, equipment, and disposables utilized in veterinary hospitals, clinics, and research institutes.

The veterinary medical equipment market consists of sales of stethoscopes, ultrasounds, x-ray machines, sonography machines, and intravenous pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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