Veterinary Equipment & Disposables Market by Type of Animal (Aquatic Animals, Exotic Animals, Large Animals), Product (Anesthesia Equipment, Critical Care Consumables, Fluid Management Equipment), End-use, Application, Distribution - Global Forecast 2024-

Veterinary Equipment & Disposables Market by Type of Animal (Aquatic Animals, Exotic Animals, Large Animals), Product (Anesthesia Equipment, Critical Care Consumables, Fluid Management Equipment), End-use, Application, Distribution - Global Forecast 2024-2030

The Veterinary Equipment & Disposables Market size was estimated at USD 6.44 billion in 2023 and expected to reach USD 7.39 billion in 2024, at a CAGR 14.87% to reach USD 17.02 billion by 2030.

Veterinary equipment and disposables encompass various instruments, devices, and materials specifically designed and manufactured for diagnosing, monitoring, and treating animals. This category includes diverse products, from sophisticated diagnostic machines and surgical tools to routine disposable items such as syringes, gloves, and bandages. These tools play a crucial role in ensuring the health and well-being of animals, serving a wide variety of needs across different veterinary practices. Whether for routine check-ups or complex surgical procedures, veterinary equipment and disposables are essential in providing effective and efficient animal healthcare. Meanwhile, the growing pet population and increasing pet ownership are elevating the demand for veterinary healthcare services, consequently pushing the need for advanced veterinary equipment and disposables. In addition, the escalating prevalence of zoonotic diseases has heightened awareness and demand for effective veterinary care, significantly fueling the market's growth. However, the high cost of cutting-edge veterinary equipment, along with its strict regulations, is a significant challenge faced by manufacturers and end users. Technological advancements in veterinary devices aimed at providing more efficient, accurate, and less invasive treatment options present a significant opportunity for the key companies. Additionally, the rise in animal health expenditure and the growing number of veterinary practitioners across the globe are pivotal in supporting the sustained growth of the landscape.

Regional Insights

In the Americas, particularly the United States and Canada, there is a significant demand for advanced veterinary equipment and disposables due to the high pet adoption rates and the emphasis on animal health and welfare. Innovations and investments in these countries often set trends globally. Recent regional patents highlight a focus on non-invasive diagnostic tools and wearables for continuous health monitoring. On the other hand, EMEA exhibits a strong regulatory framework for veterinary products, influencing consumer preferences towards CE-marked and environmentally safe options. The emphasis on animal welfare is paramount in this region, driving demand for high-quality, reliable equipment and disposables. Moreover, the Asia Pacific region, led by China, Japan, and India, is experiencing rapid growth due to increasing pet ownership, rising disposable income, and a growing awareness of animal health. China is witnessing substantial growth in the domain, with significant investments in biotechnology and equipment manufacturing, aiming at self-sufficiency and export potential. Japan focuses on precision diagnostics and high-tech treatments, reflecting its advanced technological landscape. India's market is burgeoning with opportunities in both livestock and companion animal segments, driven by domestic needs and export opportunities.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Veterinary Equipment & Disposables Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing number of companion animal and livestock ownership
• Improving veterinary care facilities in economies
• Rising incidence of chronic diseases and accidental injuries in animals

Market Restraints

• High cost associated with animal care

Market Opportunities

• Increasing availability of animal health insurance
• Technological advancements in veterinary equipment & disposables

Market Challenges

• Dearth of veterinarians worldwide

Market Segmentation Analysis

• Type of Animal: Utilization of veterinary disposables as per their need in diagnostic assessments for large and small companion animal
• End-use: Expanding usage of veterinary equipment in research and clinical institutions to perform critical surgeries

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Veterinary Equipment & Disposables Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Veterinary Equipment & Disposables Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

ADM Tronics Prepares for Commercial Launch of Vet-Sonotron(R) Veterinary Therapy Device

ADM Tronics launched the Vet-Sonotron, a veterinary therapy device that heralds a new era in animal healthcare. This innovative, non-invasive solution promises to revolutionize the treatment approach for many veterinary health issues. The Vet-Sonotron is designed to meet the growing need for effective, drug-free therapeutic options, positioning itself as a pivotal advancement in veterinary medicine. ADM Tronics' commitment to innovation and excellence is evident in this latest offering, which is set to enhance the quality of veterinary care significantly.

Probo Medical Partners with Mindray Animal

Probo Medical announces its strategic partnership with Mindray Animal, a global player in veterinary care. This partnership aims to entail Probo Medical's distribution of Mindray's innovative veterinary ultrasound devices, ensuring a comprehensive offering in diagnostics, monitoring, and treatment solutions for various animal healthcare needs. Mindray Animal Care's extensive portfolio is specifically designed to address the unique demands of veterinary medicine, affording care providers an unparalleled range of specialized equipment.

Mars to Acquire Heska, Global Provider of Advanced Veterinary Diagnostic and Specialty Solutions

Mars, Incorporated announced a definitive agreement to acquire Heska, an international provider of sophisticated veterinary diagnostics and specialty products. This strategic acquisition positions Mars Petcare's Science & Diagnostics division to enhance its diagnostic services and further champion point-of-care veterinary diagnostics worldwide. The union promises to deliver advanced diagnostic solutions to the global pet healthcare community, underscoring Mars's commitment to improving pet care through innovation.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Veterinary Equipment & Disposables Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Veterinary Equipment & Disposables Market, highlighting leading vendors and their innovative profiles. These include Avante Animal Health, B. Braun SE, Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., bioMérieux S.A., Boehringer Ingelheim International GmbH, Cardinal Health, Inc., Ceva Santé Animale, Covetrus, Inc., Dextronix, Inc., Digicare Biomedical Technology, Dispomed Ltd., GE HealthCare Technologies, Inc., Grady Medical Systems, Inc., Henke Sass Wolf GmbH, ICU Medical, Inc., IDEXX Laboratories, Inc., Integra Lifesciences Holdings Corporation, Karl Storz SE & Co. KG, Medtronic PLC, Merck & Co., Inc., Midmark Corporation, Mindray Bio-Medical Electronics Co., Ltd., MinXray, Inc., Neogen Corporation, Nonin Medical, Inc., RWD Life Science Co., Ltd., Shanghai Aohua Photoelectricity Endoscope Co.,Ltd., Siemens Healthineers AG, Thermo Fisher Scientific, Inc., and Zoetis Inc..

Market Segmentation & Coverage

This research report categorizes the Veterinary Equipment & Disposables Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type of Animal

Aquatic Animals

Exotic Animals

Large Animals

Bovine

Equine

Research Animals

Small Companion Animals

Canine

Feline

Zoo Animals

Product

Anesthesia Equipment

Anesthesia Equipment Accessories

Complete Anesthesia Machines

Gas Delivery Management Systems

Vaporizers

Ventilators

Waste Gas Management Systems

Critical Care Consumables

Airway Management Consumables

Critical Care Consumables Accessories

Fluid Administration & Therapy Consumables

Gastroenterology Consumables

Needles

Wound Management Consumables

Fluid Management Equipment

Large-Volume Infusion Pumps

Syringe Pumps

Patient Monitoring Equipment

Rescue & Resuscitation Equipment

Oxygen Masks

Resuscitation Bags

Research Equipment

Induction Chambers

Lab Evacuation Systems

Temperature Management Equipment

Fluid Warmers

Patient Warming Systems

Conduction Warming Systems

Convection Warming Systems

End-use

Research Institutes

Veterinary Hospitals/Clinics

Application

• Diagnosis & Monitoring
• Surgical
• Distribution
• Independent Distributors & Suppliers
• Online Sale
• Original Equipment Manufacturers
• Veterinary Corporate Groups and GPO

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year