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Veterinary Infusion Pumps Market - Growth, Trends, and Forecast (2022 - 2027)

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  • 117 Pages
  • August 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 5530057
UP TO OFF until Mar 31st 2024
The global Veterinary Infusion Pumps Market studied was anticipated to register a CAGR of nearly 7.4% during the forecast period.

Covid-19 has significantly impacted the veterinary animal health market due to various reasons, thereby impacting the veterinary infusion pumps market. For instance, according to the study published in Preventive Veterinary Medicine, titled 'COVID-19 is likely to impact animal health' in May 2020, in the field of animal health, three likely effects are expected that are: (1) an immediate one due to the sudden human confinement and inactivity; (2) a medium to long-term one due to the effects of the upcoming economic crisis on farming and veterinary services; and (3) a greater focus on the public health implications of coronavirus infections in animals, both in farms and in pets. This will lead negative impact on animal health, however, the further increased adoption of veterinary infusion pumps for the delivery of medication via infusions, thereby driving the market growth.

The market is expected to grow to the increasing animal adoption and animal health expenditure, rising animal diseases and the associated surgical procedures, along with the rise in technological advancements are among key trends expected to trigger market growth.

The IntechOpen Journal article titled ‘Epidemiology of Bovine Mastitis and Its Diagnosis, Prevention, and Control’ published in November 2021 reported that mastitis is an inflammation of the mammary gland in which pain persist in both or one mammary gland and is very common disease in bovines. It also reported that in India in buffaloes from rural and urban dairy farmers, there was nearly 18.74% prevalence of clinical mastitis . Furthermore, there is higher level of incidence of subclinical mastitis nearly 47.79% was reported in the state of Madhya Pradesh, India. Such high burden of the disease drives the growth of market due to increased adoption of infusion pumps for the delivery of medication in animals during the therapy.

In addition, in January 2021, Merck Animal Health signed a partnership with The Street Dog Coalition to provide medications, vaccines and treatment for pets of those experiencing homelessness. The Street Dog Coalition is a non-profit organization that offers free basic veterinary care to pets of homeless individuals by taking a One Health approach to street medicine and caring for the lives on “both ends of the leash.” Such efforts for providing treatment and medications to animals is fueling the growth of market.

Moreover, the government of different nations are introducing plans and guidelines for animal welfare. For Instance, in May 2021, United Kingdom Government has introduced first ever action plan to improve the welfare and conservation of animals at home and abroad. The action plans includes improvement and welfare programs for all animals like incentivizing farmers to improve animal health and welfare through future farming policy etc. Such initiatives raises awareness about animal health and thus boosts the growth of market.

Furthermore, the rising initiatives from the key market players and rising benefits of the advanced veterinary infusion pumps will further drive the market growth over the forecast period. For instance, in Januray 2021, Eitan Medical's upgraded Sapphire infusion pump system software Rev15, which includes the infusion pump, administration sets and accessories, has received United States Food and Drug Administration (FDA) clearance. This will further drive the adoption of such infusion pumps, thereby driving the market growth.

Therefore with the growing animal disease with obese population and increasing adoption of pets is rising the demand for infusion pumps. However, increasing pet care cost is a factor, that is expected to hinder the market growth due to the rise in burden of expenses by people.

Key Market Trends

Large Volume Infusion Pumps is Expected to Hold a Major Share in the Market Studied.

Large volume infusion pumps are expected to hold a major share in the global veterinary infusion pump market through the forecast period. This can be attributed to the increasing use of large volume infusion pumps for delivering fluids to animals during a blood transfusion, administrating parenteral nutrition, and in emergency conditions. The infusion pumps can either be manually operated or automatic. The large volume of infusion pumps can be categorized based on weight, technology, accuracy, flow rate, battery life, and type of infusions (continuous, intermittent).

According to the study published in Frontiers in Veterinary Science, titled 'Evaluation of the Distribution and Elimination of Balanced Isotonic Crystalloid, 5% Hypertonic Saline, and 6% Tetrastarch 130/0.4 Using Volume Kinetic Modeling and Analysis in Healthy Conscious Cats' in November 2020, large-volume and rapid balanced isotonic crystalloid infusion rate in euvolemic cats is considered since all Intravenous fluid types assessed get distributed swiftly in general. The rising importance of fluid distribution, which is achieved swiftly by the large volume infusion pumps is therefore expected to drive the growth of this segment over the forecast period.

Furthermore, according to the study published in BMC Veterinary Research , titled 'Prevalence of commonly diagnosed disorders in UK dogs under primary veterinary care: results and applications, in February 2021, the most prevalent precise-level precision disorders recorded were periodontal disease with a prevalence of 12.5% followed by the otitis externa with a prevalence of 7.3%. Such rise in diseases will further lead to increased adoption of large volume infusion pumps in the therapy, thereby driving this segment growth.

In addition, technological advancements in the large volume infusion pumps is also expected to contribute this segment growth. For instance, IVVet Veterinary Infusion Pump from Eitan Medical provides a unique combination of patented Flow Control Technology, innovative hardware design, intuitive touch-screen, software controlled pumping mechanism and low total cost of ownership. Such benefits of large volume infusion pumps is therefore expected to drive the growth of this segment.

Therefore with the rising prevalence of chronic diseases and increasing animal adoption, along with the advantages of large volume infusion pumps will propel the segment growth.

North America Represents a Major Market and it is Expected to do the same Over the Forecast Period.

North America is at the forefront of growth in the region and is also an important revenue contributor in the global arena. The rising animal diseases and growing pet adoption are stimulating the growth of the region. As per Veterinary Medical Association 2022, approximately 1 in 4 dogs at some stage in their life, develop neoplasia. Almost half of dogs over the age of 10 will develop cancer. Dogs get cancer at roughly the same rate as humans, while there is less information about the rate of cancer in cats. Some cancers, such as lymphoma, are more common in cats than in dogs.

In addition, in December 2020, the Society for the Prevention of Cruelty to Animals, Los Angeles, reported that the adoption rate doubled in June 2020, with daily adoptions numbering about 10 to 13 per day. The rising adoption of pets may drive the growth of the veterinary infusion pump market in the long term as with the adoption of pet, focus on pet health also increases.

According to the North America Pet Health Insurance Association in 2021, the basic annual expenditure for dogs and cats includes USD 458 for Dogs and USD 201 for cats. Such high expenditure on pet with raising focus on their health will lead to adoption of veterinary infusion pumps durign the surgeries. Hence all these factors are found to create high growth opportunities for infusion pumps in the North American region.

Furthermore, according to the Veterinary Medical Association 2020, there are around 75,349 veterinary private practices in the United States as of December 2020. Such a huge number of veterinary practices will further drive the growth of veterinary infusion pumps in this region, driving the market growth.

Hence, owing to the above mentioned factors, the market is expected to drive in this region.

Competitive Landscape

The Veterinary Infusion Pumps Market is moderately competitive and consists of major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market B. Braun Melsungen AG, Burtons Medical Equipment Ltd, Digicare Biomedical Technology Inc., DRE Veterinary, Grady Medical System Inc., Heska Corporation, Jorgensen Laboratories, Kent Scientific Corporation, Mediaid Inc., Q Core Medical Ltd.

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Table of Contents

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Animal Adoption and Animal Health Expenditure
4.2.2 Increasing Prevalence of Animal Diseases and Associated Surgical Procedures
4.2.3 Rise in Technological Advancements
4.3 Market Restraints
4.3.1 Increasing Pet Care Costs
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Type
5.1.1 Large-Volume Infusion Pumps
5.1.2 Syringe Infusion Pumps
5.2 By End User
5.2.1 Veterinary Hospitals
5.2.2 Private Clinics
5.3 Geography
5.3.1 North America United States Canada Mexico
5.3.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
5.3.3 Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific
5.3.4 Middle-East and Africa GCC South Africa Rest of Middle-East and Africa
5.3.5 South America Brazil Argentina Rest of South America
6.1 Company Profiles
6.1.1 B. Braun Melsungen AG
6.1.2 Burtons Medical Equipment Ltd
6.1.3 Digicare Biomedical Technology Inc.
6.1.4 DRE Veterinary
6.1.5 Grady Medical System Inc.
6.1.6 Heska Corporation
6.1.7 Jorgensen Laboratories
6.1.8 Kent Scientific Corporation
6.1.9 Mediaid Inc.
6.1.10 Eitan Medical Ltd.
6.1.11 SAI Infusion Technologies
6.1.12 Caesarea Medical Electronics

Companies Mentioned

A selection of companies mentioned in this report includes:

  • B. Braun Melsungen AG
  • Burtons Medical Equipment Ltd
  • Digicare Biomedical Technology Inc.
  • DRE Veterinary
  • Grady Medical System Inc.
  • Heska Corporation
  • Jorgensen Laboratories
  • Kent Scientific Corporation
  • Mediaid Inc.
  • Eitan Medical Ltd.
  • SAI Infusion Technologies
  • Caesarea Medical Electronics