The Veterinary Disposables Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Veterinary Disposables Global Market Report 2024, The veterinary disposables market size has grown rapidly in recent years. It will grow from $0.43 billion in 2023 to $0.49 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to environmentally conscious solutions, enhanced veterinary facilities, rise in pet ownership, veterinary healthcare expansion, e-commerce adoption.
The veterinary disposables market size is expected to see rapid growth in the next few years. It will grow to $0.82 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to increasing veterinary care awareness, global market penetration, integration of digital health solutions, environmental sustainability focus, specialized product development. Major trends in the forecast period include shift towards sustainable solutions, rise in pet ownership, advancements in veterinary medicine, preference for single-use products, specialized product development.
Increased pet ownership is expected to contribute to the growth of the veterinary disposables market going forward. Pet ownership refers to the act of owning and caring for a domesticated animal. Pet owners are responsible for providing for their pets’ needs, including food, water, shelter, health care, and companionship. Veterinary disposables can help pet owners provide better care for their pets by increasing the availability of advanced veterinary equipment and disposables and improving the efficacy and safety of these products. For instance, in 2021, according to Chewy, Inc., a US-based online retailer of pet food and other products, there were around 977,202 pets adopted in the US in 2021, which resulted in the highest adoption rate of 61% in the past six years. Therefore, the rise in pet ownership aids in the growth of the veterinary disposable market.
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The veterinary disposables market covered in this report is segmented –
1) By Type: Critical Care Consumables, Wound Management Consumables, Fluid Administration and Therapy Consumables, Airway Management Consumables, Gastroenterology Consumables, Needles, Other Types
2) By Animal Type: Small Animals, Large Animals, Other Animal Types
3) By End User: Veterinary Clinics, Veterinary Hospitals, Research Institutes, Other End Users
Major companies operating in the veterinary disposables market are focused on introducing innovative solutions to gain a competitive edge in the market. Innovative solutions refer to products or services that can help improve animal health outcomes, increase efficiency, and reduce costs. For instance, in June 2023, IDEXX Laboratories Inc., a US-based pet healthcare company, launched IDEXX Cystatin B, its first veterinary diagnostic test for detecting kidney injury in cats and dogs. The IDEXX Cystatin B Test is a simple urine-based test that can uncover kidney injury when clinical signs may or may not be apparent and gain additional insights beyond the changes in functional markers such as SDMA and creatinine.
The veterinary disposables market report table of contents includes:
- Executive Summary
- Veterinary Disposables Market Characteristics
- Veterinary Disposables Market Trends And Strategies
- Veterinary Disposables Market – Macro Economic Scenario
- Global Veterinary Disposables Market Size and Growth
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- Global Veterinary Disposables Market Competitive Benchmarking
- Global Veterinary Disposables Market Competitive Dashboard
- Key Mergers And Acquisitions In Veterinary Disposables Market
- Veterinary Disposables Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Cardinal Health Inc
- Pfizer Inc.
- Abbott Laboratories
- Medtronic PLC
- Becton Dickinson and Company
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