The global veterinary equipment and disposables market size was estimated to be USD 3.45 billion in 2023 and is expected to reach at USD 9.7 billion by 2033 with a CAGR of 9.87% during the forecast period 2023-2033. Rising demand for better veterinary critical care, growing advancement in monitoring & therapy options such as ventilation support, IV fluid therapy, temperature management, & pain control, increasing pet adoption, surge in prevalence of animal diseases, rising demand for pet insurance for critical medical conditions such as accidental injuries, growing number of insured animals, increasing demand for veterinary procedures, rising investments by key players, and surge in development of advanced products for better diagnosis are some of the key factors boosting the market growth.
Surge in development of advanced products for better diagnosis is predicted to boost the market growth during the forecast period. For instance, in July 2020, Midmark Corp. has launched the Midmark Multiparameter Monitor, a versatile monitoring device suitable for various sections of a veterinary hospital, including treatment, examination, surgery, and recuperation.
By Product, Critical care consumables was the highest revenue-grossing segment in the global veterinary equipment and disposables market in 2022 owing to rising usage of the consumables for wound management, gastroenterology, reproduction, airway management, & others and rising new product launches by the major market players. For instance, in March 2021, Integrated wound care company, Axio Biosolutions, has introduced the SureKlot product line, marking its foray into the field of veterinary wound management. This novel range of wound care products presents India's inaugural all-encompassing solution for managing veterinary wounds. Additionally, Rescue & resuscitation equipment is predicted to grow at fastest CAGR during the forecast period owing to their simple accessibility at the point of service, and their quick effectiveness in saving lives and growing demand for cardiopulmonary resuscitation (CPR) in cats & dogs experiencing cardiopulmonary arrest after a fast patient assessment.
By Animal Type, Companion animals was the highest revenue-grossing segment in the global veterinary equipment and disposables market in 2022 owing to growing companion animal population, increasing focus on pet care and wellbeing among pet owners, rising number of surgeries, surge in prevalence of chronic diseases in dogs. Additionally, Livestock animal is predicted to grow at fastest CAGR during the forecast period owing to the rising adoption of pets, increasing demand for better treatment & diagnostics, growing animal husbandry activities, surge in awareness regarding the care of livestock animals, expanding efforts such as stray animal rescue programs, and rising usage of rescue & resuscitation equipment. For instance, in March 2020, Smokey Paws joined forces with the British Animal Rescue and Trauma Care Association (BARTA) to deliver essential medical care to small animals through the use of specialized oxygen masks designed for animals.
By End-user, Veterinary hospitals/clinics was the highest revenue-grossing segment in the global veterinary equipment and disposables market in 2022 owing to the accessibility of a variety of treatment alternatives in veterinary clinics & hospitals, growing acceptance by hospitals of safety standards & guidelines published by several government animal welfare organizations, surge in number of veterinary surgeries, and rising collaborations within market players. For instance, in February 2020, Imbed Biosciences has unveiled a fresh partnership with MWI Animal Health to distribute MicroLyte Ag VET to veterinary practices, clinics, animal hospitals, and academic research institutions throughout the United States. MWI, a prominent distributor of animal health products and services, is facilitating this distribution. Additionally, Research institutes is predicted to grow at fastest CAGR during the forecast period owing to the increasing research & development activities by better critical care treatment options for small animals and surge in deployment, identification, & development of novel therapeutic approaches for both newly arising & ongoing animal illnesses by research institutes.
North America region is anticipated for the highest revenue share during the forecast period owing to the surge in well-established veterinary healthcare infrastructure, growing number of companion animals, increasing animal healthcare expenditure, rising attention to animal health issues, and surge in initiatives for the introduction of advanced products. For instance, in July 2020, Trice Medical has partnered with Dr. Debra Canapp and Dr. Sherman Canapp of Canapp Sports Medicine LLC to unveil a pioneering veterinary portable tablet. This revolutionary device combines a top-notch ultrasound and a disposable needle arthroscope system - the world's first of its kind. The mi-eye needle arthroscope, equipped with a 1.8mm camera, and the mi-ultra ultrasound are integrated into a single, high-definition tablet, providing an unmatched solution for advanced diagnostic and therapeutic arthroscopy procedures. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the increasing pet adoption, raising awareness of animal health, surge in number of livestock, growing investment in research & development activities by veterinary companies, and rising initiatives by key market players. For instance, in March 2021, Midmark Corporation has launched hands-on veterinary anesthesia simulation training within the premises of Midmark Academy. The company also offers an extensive range of veterinary equipment and disposable products.
Surge in development of advanced products for better diagnosis is predicted to boost the market growth during the forecast period. For instance, in July 2020, Midmark Corp. has launched the Midmark Multiparameter Monitor, a versatile monitoring device suitable for various sections of a veterinary hospital, including treatment, examination, surgery, and recuperation.
By Product, Critical care consumables was the highest revenue-grossing segment in the global veterinary equipment and disposables market in 2022 owing to rising usage of the consumables for wound management, gastroenterology, reproduction, airway management, & others and rising new product launches by the major market players. For instance, in March 2021, Integrated wound care company, Axio Biosolutions, has introduced the SureKlot product line, marking its foray into the field of veterinary wound management. This novel range of wound care products presents India's inaugural all-encompassing solution for managing veterinary wounds. Additionally, Rescue & resuscitation equipment is predicted to grow at fastest CAGR during the forecast period owing to their simple accessibility at the point of service, and their quick effectiveness in saving lives and growing demand for cardiopulmonary resuscitation (CPR) in cats & dogs experiencing cardiopulmonary arrest after a fast patient assessment.
By Animal Type, Companion animals was the highest revenue-grossing segment in the global veterinary equipment and disposables market in 2022 owing to growing companion animal population, increasing focus on pet care and wellbeing among pet owners, rising number of surgeries, surge in prevalence of chronic diseases in dogs. Additionally, Livestock animal is predicted to grow at fastest CAGR during the forecast period owing to the rising adoption of pets, increasing demand for better treatment & diagnostics, growing animal husbandry activities, surge in awareness regarding the care of livestock animals, expanding efforts such as stray animal rescue programs, and rising usage of rescue & resuscitation equipment. For instance, in March 2020, Smokey Paws joined forces with the British Animal Rescue and Trauma Care Association (BARTA) to deliver essential medical care to small animals through the use of specialized oxygen masks designed for animals.
By End-user, Veterinary hospitals/clinics was the highest revenue-grossing segment in the global veterinary equipment and disposables market in 2022 owing to the accessibility of a variety of treatment alternatives in veterinary clinics & hospitals, growing acceptance by hospitals of safety standards & guidelines published by several government animal welfare organizations, surge in number of veterinary surgeries, and rising collaborations within market players. For instance, in February 2020, Imbed Biosciences has unveiled a fresh partnership with MWI Animal Health to distribute MicroLyte Ag VET to veterinary practices, clinics, animal hospitals, and academic research institutions throughout the United States. MWI, a prominent distributor of animal health products and services, is facilitating this distribution. Additionally, Research institutes is predicted to grow at fastest CAGR during the forecast period owing to the increasing research & development activities by better critical care treatment options for small animals and surge in deployment, identification, & development of novel therapeutic approaches for both newly arising & ongoing animal illnesses by research institutes.
North America region is anticipated for the highest revenue share during the forecast period owing to the surge in well-established veterinary healthcare infrastructure, growing number of companion animals, increasing animal healthcare expenditure, rising attention to animal health issues, and surge in initiatives for the introduction of advanced products. For instance, in July 2020, Trice Medical has partnered with Dr. Debra Canapp and Dr. Sherman Canapp of Canapp Sports Medicine LLC to unveil a pioneering veterinary portable tablet. This revolutionary device combines a top-notch ultrasound and a disposable needle arthroscope system - the world's first of its kind. The mi-eye needle arthroscope, equipped with a 1.8mm camera, and the mi-ultra ultrasound are integrated into a single, high-definition tablet, providing an unmatched solution for advanced diagnostic and therapeutic arthroscopy procedures. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the increasing pet adoption, raising awareness of animal health, surge in number of livestock, growing investment in research & development activities by veterinary companies, and rising initiatives by key market players. For instance, in March 2021, Midmark Corporation has launched hands-on veterinary anesthesia simulation training within the premises of Midmark Academy. The company also offers an extensive range of veterinary equipment and disposable products.
Segmentation: Veterinary Equipment and Disposables Market Report 2022 - 2033
Veterinary Equipment and Disposables Market Analysis & Forecast by Product 2022 - 2033 (Revenue USD Bn)
- Patient Monitoring Equipment
Fluid Management Equipment
- Syringe Pumps
- Large-Volume Infusion Pumps
Critical Care Consumables
- Accessories
- Needles
- Gastroenterology Consumables
- Wound Management Consumables
- Airway Management Consumables
- Fluid Administration and Therapy Consumables
- Others
Rescue & Resuscitation Equipment
- Oxygen Masks
- Resuscitation Bags
Anaesthesia Equipment
- Vaporizers
- Ventilators
- Accessories
- Complete Anaesthesia Machines
- Waste Gas Management Systems
- Gas Delivery Management Systems
Research Equipment
- Induction Chambers
- Lab Evacuation Systems
Temperature Management Equipment
- Fluid Warmers
- Patient Warming Systems
- Convection Warming Systems
- Conduction Warming Systems
Veterinary Equipment and Disposables Market Analysis & Forecast by Animal Type 2022 - 2033 (Revenue USD Bn)
- Livestock Animal
Companion Animal
- Dogs
- Horses
- Cats
- Others
Veterinary Equipment and Disposables Market Analysis & Forecast by End-user 2022 - 2033 (Revenue USD Bn)
- Research Institutes
- Veterinary Hospitals/Clinics
Veterinary Equipment and Disposables Market Analysis & Forecast by Region 2022 - 2033 (Revenue USD Bn)
North America
- U.S.
- Canada
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Veterinary Equipment and Disposables Market: Product Estimates & Trend Analysis
8. Veterinary Equipment and Disposables Market: Animal Type Estimates & Trend Analysis
9. Veterinary Equipment and Disposables Market: End-user Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Veterinary Equipment and Disposables Market
12. Europe Global Veterinary Equipment and Disposables Market
13. Asia Pacific Global Veterinary Equipment and Disposables Market
14. Latin America Global Veterinary Equipment and Disposables Market
15. MEA Global Veterinary Equipment and Disposables Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- Axio Biosolutions
- Smiths Medical Inc.
- Imbed Biosciences
- Nonin Medical Inc.
- Digicare Biomedical
- Trice Medical
- Covetrus Inc.
- B. Braun Melsungen AG
- Midmark Corporation
- DRE Veterinary
- Vetronic Services
- Jorgensen Labs
- Vetland Medical Sales and Services
- RWD Life Science Co.,LTD
- Grady Medical
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | August 2023 |
| Forecast Period | 2022 - 2033 |
| Estimated Market Value ( USD | $ 3.45 Billion |
| Forecasted Market Value ( USD | $ 9.7 Billion |
| Compound Annual Growth Rate | 9.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 16 |
