Veterinary Ophthalmology Equipment Market Report 2025

The veterinary ophthalmology equipment market size has grown strongly in recent years. It will grow from $0.68 billion in 2024 to $0.73 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The growth during the historic period can be attributed to the global rise in pet ownership, increased awareness of animal eye health, a higher number of veterinary clinical visits, greater adoption of companion animals in urban settings, and a growing incidence of eye disorders in animals.

The veterinary ophthalmology equipment market size is expected to see strong growth in the next few years. It will grow to $0.98 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to an increasing focus on eye care for equine and exotic animals, a rising number of veterinary eye clinics and specialists, growing awareness of zoonotic diseases that affect the eyes, heightened demand for minimally invasive ophthalmic procedures, and increased investment from veterinary equipment manufacturers. Key trends expected during this period include the development of minimally invasive surgical techniques, creation of animal-specific diagnostic protocols, integration of telemedicine into eye examinations, adoption of electronic health records, and advancements in multimodal ophthalmic imaging technologies.

The growing rate of pet ownership is expected to drive the expansion of the veterinary ophthalmology equipment market. Pet ownership involves caring for domestic animals such as dogs, cats, birds, or other companion animals by providing food, shelter, medical care, and emotional support. This trend is being fueled by stronger emotional connections between people and their pets, with animals increasingly regarded as family members. As a result, the demand for veterinary ophthalmology equipment is rising to meet the growing need for specialized eye care that ensures pets' health and well-being. For example, in 2024, Shelter Animals Count, a US-based non-profit organization, reported a total of 4,192,443 dog and cat adoptions - including 2 million dogs and 2 million cats - which represented a slight increase of 0.4%, or 17,153 more adoptions compared to 2023. Thus, the rise in pet ownership is contributing to the growth of the veterinary ophthalmology equipment market.

Companies in the veterinary ophthalmology equipment market are prioritizing the development of advanced technologies, such as ophthalmic surgical devices, to improve surgical precision and outcomes in animal eye care. These devices are specialized tools used by veterinarians for intricate eye procedures like cataract removal and corneal repairs. For instance, in April 2024, Mount Laurel Veterinary Services LLC, a US-based animal hospital, introduced endolaser cyclophotocoagulation equipment specifically designed for veterinary ophthalmology. This system features an endoscopic probe that integrates illumination, visualization, and laser delivery into one device, enabling internal eye treatment with greater accuracy and reduced tissue damage. The technology provides real-time feedback and is adaptable for various animal species, making it especially beneficial for treating companion animals such as dogs and cats.

In October 2022, Clayton Dubilier & Rice LLC and TPG Inc., both US-based private equity firms, acquired Covetrus Inc. for $4 billion. This acquisition aims to accelerate the growth of Covetrus by strengthening its technology-driven services and extending its global presence in the animal health industry. Covetrus Inc. is a US-based provider of animal-health technology and services, including veterinary ophthalmology equipment and supplies.

Major players in the veterinary ophthalmology equipment market are Bausch And Lomb Incorporated, HEINE Optotechnik GmbH And Co. KG, Revenio Group Oyj, Tomey Corporation, IRIDEX Corporation, Reichert Inc., GerVetUSA, Eickemeyer, Optomed Plc, United States Intraocular Lens Inc., AJL Ophthalmic S.A., Domes Pharma Inc., iCare Finland Oy, LKC Technologies Inc., AN-VISION GmbH, Biovision Veterinary Endoscopy LLC, Dan Scott And Associates Inc., I-MED Pharma Inc., Kowa American Corporation, and Ocularvision Inc.

North America was the largest region in the veterinary ophthalmology equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in veterinary ophthalmology equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the veterinary ophthalmology equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The veterinary ophthalmology equipment market consists of revenues earned by entities by providing services such as eye examination services, surgical interventions, diagnostic imaging, vision testing and monitoring, and treatment and therapy services. The market value includes the value of related goods sold by the service provider or included within the service offering. The veterinary ophthalmology equipment market also includes sales of tonometers, ophthalmoscopes, slit lamps, electroretinography (ERG) devices, and surgical microscopes and instruments. 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).

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the veterinary healthcare sector, particularly in the supply of pharmaceuticals, medical devices, and animal care equipment. Higher duties on imported veterinary drugs, diagnostic tools, surgical instruments, and pet care products have increased operational costs for veterinary clinics, animal hospitals, and livestock care providers, forcing them to raise service fees or absorb shrinking margins. Livestock and agricultural sectors face similar challenges, with tariffs on feed additives, vaccines, and breeding equipment driving up production costs and affecting animal health management. Additionally, retaliatory tariffs in key export markets have reduced demand for U.S.-produced veterinary products, further straining industry revenues. The sector must now prioritize local sourcing, preventive care solutions, and digital health innovations to mitigate rising costs while maintaining high standards of animal care.

The veterinary ophthalmology equipment market research report is one of a series of new reports that provides veterinary ophthalmology equipment market statistics, including veterinary ophthalmology equipment global market size, regional shares, competitors with veterinary ophthalmology equipment market share, detailed veterinary ophthalmology equipment market segments, market trends and opportunities, and any further data you may need to thrive in the veterinary ophthalmology equipment industry. The veterinary ophthalmology 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 ophthalmology equipment encompasses specialized medical tools and devices used by veterinarians to examine, diagnose, and treat eye conditions in animals. This equipment includes ophthalmoscopes, tonometers, slit lamps, and surgical microscopes specifically designed for animal eye care.

The primary categories of veterinary ophthalmology equipment are diagnostic devices, surgical equipment, and others. Diagnostic devices are instruments or tools used by healthcare professionals to detect, monitor, or diagnose diseases and medical conditions by analyzing samples or observing physical symptoms. Notable technologies in this category include optical coherence tomography, digital imaging systems, fluorescein angiography, ultrasound imaging, and electroretinography. These instruments are suitable for use across a variety of animal species, including equine, canine, feline, and bovine, and support a broad range of applications such as diagnosing ocular diseases, conducting routine eye exams, performing surgical procedures for eye conditions, providing emergency eye care, and delivering vision rehabilitation. The equipment is utilized by a range of end users, including animal hospitals, veterinary clinics, research institutions, veterinary universities, and mobile veterinary services.

The revenues for a specified geography are consumption values and 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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