Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Veterinary Equipment and Disposables Market Size is Expected to Grow from USD 3.28 Billion in 2023 to USD 6.12 Billion by 2033, at a CAGR of 6.44% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Veterinary Equipment and Disposables Market Size, Share, and COVID-19 Impact Analysis, By Product (Equipment & Accessories and Veterinary Telemetry Systems), By Animal Type (Small Animals and Large Animals), By Usage (Surgical and Monitoring), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The global veterinary equipment and disposables market refers to the industry involved in the manufacturing, marketing, and distribution of consumable goods, medical equipment, and tools intended primarily for the healthcare of animals. Along with disposables like syringes, needles, bandages, and gloves used in veterinary medicine, this market includes a wide range of equipment like surgical tools, anesthesia machines, monitoring devices, and diagnostic tools. Key driving factors for the growth of the veterinary equipment and disposables market include the increasing demand for innovative veterinary care and services due to the rise in pet ownership worldwide. The demand for contemporary veterinary equipment has also increased as a result of pet owners' growing awareness of animal health and the availability of advanced treatment alternatives. Another significant driver supporting market expansion is the growth of livestock husbandry and the requirement for preserving herd health for higher production. However, a lack of qualified specialists, high equipment costs, a lack of understanding of animal health, and demanding regulatory approvals are the main factors restricting the growth of the global veterinary equipment and disposables market.
The equipment & accessories segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period.
On the basis of product, the global veterinary equipment and disposables market is divided into equipment & accessories and veterinary telemetry systems. Among these, the equipment & accessories segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period. The segment growth is attributed to the increasing demand for advanced anesthesia equipment, increasing use in veterinary surgery operations, and the continuous product releases and global growth of major companies.
The small animals segment accounted for the highest revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period.
On the basis of animal type, the global veterinary equipment and disposables market is divided into small animals and large animals. Among these, the small animals segment accounted for the highest revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period. The segment growth can be attributed to increasing pet ownership, particularly in cities, a growing awareness of pet health, and rising demand for small animal products and veterinary services are the primary drivers of this industry
The surgical segment accounted for the largest market share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
On the basis of usage, the global veterinary equipment and disposables market is divided into surgical and monitoring. Among these, the surgical segment accounted for the largest market share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segment growth is driven by increasing pet injuries and persistent diseases, a demand for experts’ treatments, and the frequency of veterinary surgical procedures are the primary variables powering the market's development in the surgical segment.
North America is anticipated to hold the largest share of the global veterinary equipment and disposables market over the predicted timeframe.
North America is anticipated to hold the largest share of the global veterinary equipment and disposables market over the predicted timeframe. The regional market growth can be attributed to the incidence of high pet ownership rates, advanced veterinary healthcare infrastructure, and rising animal health expenditures. Due to its strong presence of significant market individuals, increasing adoption of companion animals, and well-established network of veterinary institutions, the United States continues to lead the industry.
Asia Pacific is expected to grow at the fastest CAGR in the global veterinary equipment and disposables market during the forecast period. The regional market growth is driven by increasing quantities of pets and livestock, a rise in the use of innovative veterinary technologies, and a growth of veterinary infrastructure in nations like Australia, Japan, China, and India. Furthermore, competition for markets and accessibility has been increased by the emergence of innovative companies like Vet2Trade and the significant presence of local manufacturers and distributors.
Company Profiling
Major vendors in the global veterinary equipment and disposables market are Shenzhen Mindray Animal Medical Technology Co., LTD., Midmark Corporation, Masimo, Covetrus, Inc., Avante Animal Health, Shenzhen Comen Medical Instruments Co., Ltd., Qingdao Meditech Equipment Co., Ltd, Dispomed Ltd, JD Medica, Nonin, B. Braun SE (Vet Care), and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global veterinary equipment and disposables market based on the below-mentioned segments:
Global Veterinary Equipment and Disposables Market, By Product
Global Veterinary Equipment and Disposables Market, ByAnimal Type
Global Veterinary Equipment and Disposables Market, By Usage
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