The Veterinary Equipment And Supplies 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 Equipment And Supplies Global Market Report 2024, The veterinary equipment and supplies market size has grown strongly in recent years. It will grow from $1.95 billion in 2023 to $2.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to pandemic influence, surgical instrumentation advances, diagnostic equipment evolution.
The veterinary equipment and supplies market size is expected to see strong growth in the next few years. It will grow to $2.91 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to rise in pet ownership, focus on preventive healthcare, advanced diagnostics and imaging, specialized veterinary services.. Major trends in the forecast period include demand for point-of-care testing, geriatric pet care, shift in pet health awareness, specialized consumables, investments in r&d.
The increase in prevalence of diseases in animals is significantly contributing to the growth of the veterinary equipment and supplies market. As the number of obese pets continues to grow, diseases commonly associated with obesity, such as osteoarthritis, are also on the rise. The veterinary equipment and supplies aid in the diagnosis and treatment of diseases in animals. For instance, in 2021, according to a report issued by the Home Office, a UK-based ministerial department of Her Majesty’s Government, the proportion of animal diseases and disorders procedures will increase to 48%. Therefore, increasing prevalence of diseases in animals is expected to propel the growth of the veterinary equipment and supplies market going forward.
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The veterinary equipment and supplies market covered in this report is segmented –
1) By Type: Critical Care Consumables, Anesthesia Equipment, Fluid Management Equipment, Temperature Management Equipment, Patient Monitoring Equipment, Research Equipment, Rescue and Resuscitation Equipment
2) By Animal Type: Small Companion Animals, Large Animals
3) By End User: Veterinary Clinics, Veterinary Hospitals, Research Institutes
Technological advancements have emerged as a key trend gaining popularity in the veterinary equipment and supplies market. Major companies operating in the veterinary equipment and supplies sector are focused on developing new technological equipment and solutions to strengthen their position in the market. For instance, in June 2023, Zoetis, a US-based animal health company that specializes in the discovery, development, manufacture, and commercialization of a wide range of veterinary medicines, vaccines, and diagnostic products, introduced an innovative solution to the field of veterinary care with the launch of Vetscan Mastigram+. This on-farm mastitis diagnostic tool employs a rapid and straightforward flow dipstick test, enabling the detection of gram-positive mastitis in dairy cows within a mere eight hours, conveniently providing results before the next milking session.
The veterinary equipment and supplies market report table of contents includes:
1. Executive Summary
2. Veterinary Equipment And Supplies Market Characteristics
3. Veterinary Equipment And Supplies Market Trends And Strategies
4. Veterinary Equipment And Supplies Market – Macro Economic Scenario
5. Global Veterinary Equipment And Supplies Market Size and Growth
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26. South America Veterinary Equipment And Supplies Market
27. Brazil Veterinary Equipment And Supplies Market
28. Middle East Veterinary Equipment And Supplies Market
29. Africa Veterinary Equipment And Supplies Market
30. Veterinary Equipment And Supplies Market Competitive Landscape And Company Profiles
Top Major Players:
- Braun Vet Care GmbH
- Covetrus Inc
- BD Animal Health
- Cardinal Health Inc
- ICU Medical Inc
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