Veterinary Equipment & Supplies Market by Type (Anesthesia Equipment, Critical Care Consumables, Fluid Management Equipment), Animal Type (Large Animals, Small Companion Animals), Application, End-User - Global Forecast 2024-2030

Veterinary Equipment & Supplies Market by Type (Anesthesia Equipment, Critical Care Consumables, Fluid Management Equipment), Animal Type (Large Animals, Small Companion Animals), Application, End-User - Global Forecast 2024-2030

The Veterinary Equipment & Supplies Market size was estimated at USD 2.32 billion in 2023 and expected to reach USD 2.48 billion in 2024, at a CAGR 7.10% to reach USD 3.75 billion by 2030.

Veterinary equipment & supplies encompass a vast range of instruments and materials designed to diagnose and treat various ailments and conditions in animals. This field involves all the equipment that a practicing veterinarian or a veterinary clinic would require to perform their duties and services efficiently and effectively. The rising demand for animal-based protein, increasing companion animal ownership, escalating animal health expenditure, and growing awareness about zoonotic diseases increase the adoption of veterinary equipment & supplies. However, high costs associated with advanced veterinary equipment may hinder the growth of the veterinary equipment & supplies market. In addition, the technological advancements in veterinary devices and ongoing progress in animal health research are expected to create opportunities for expansion and growth within this sector.

Regional Insights

The veterinary equipment & supplies market is evolving in the Americas owing to technological advancements, increasing adoption of pet insurance, rising animal health expenditure, and a surge in pet ownership. The Asia Pacific region is witnessing exponential growth owing to the surging awareness about animal health, increasing expenditure on pet care, and prospects for livestock production. Significant investments are directed towards improving animal healthcare infrastructure and promoting advanced veterinary care in the APAC region. The EMEA region is a diverse landscape of veterinary care characterized by robust research in veterinary medicine and high-quality standards in animal care. Investments are directed at new preventative measures and therapies for animal diseases, raising the need for efficient equipment & supplies. Besides, technological advancements in veterinary equipment & supplies to improve treatment outcomes and enhance performance are anticipated to propel the growth of the veterinary equipment & supplies market globally.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Veterinary Equipment & Supplies 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
• Rising incidence of chronic diseases and accidental injuries in animals
• Improving veterinary care facilities in economies worldwide

Market Restraints

• High cost associated with veterinary equipment & disposables

Market Opportunities

• Technological advancements in veterinary equipment & supplies
• Significant investments to modernize veterinary equipment

Market Challenges

• Dearth of skilled veterinarians and technical issues in veterinary equipment

Market Segmentation Analysis

• Type: Increasing significance of critical care consumables for emergencies or daily use
• Animal Type: Proliferating utilization of veterinary equipment & supplies in small companion animals
• Application: Rising adoption of diagnostic, monitoring, and therapeutic devices owing to their wide applications
• End-User: Evolving usage of veterinary equipment & supplies in veterinary clinics & hospitals

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 & Supplies 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 & Supplies 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

Canada and Manitoba Invest USD 2 Million to Enhance Capacity of Rural Veterinary Services Districts

The Canadian government and the province of Manitoba have allocated USD 2 million to enhance veterinary services in the region, specifically focusing on veterinary endoscopes. Moreover, this initiative builds upon recent efforts to expand the province's animal healthcare capacity and attract more veterinarians. The funding will contribute to the overall development and improvement of veterinary services in Manitoba.

Mars To Acquire Veterinary Equipment Firm Heska

Mars, Incorporated acquired Heska Corporation, a provider of veterinary devices, in a significant deal valued at approximately USD 1.3 billion. This strategic acquisition allows Mars Petcare's Science & Diagnostics division to expand its diagnostic offerings and promote point-of-care veterinary diagnostics to the global pet healthcare community.

Volition Signs Global Supply Agreement for Nu.Q Vet Cancer Test

VolitionRx Limited entered into a global supply agreement with a pet healthcare provider. This agreement involves the provision of their Nu.Q Vet Cancer Test, which is specifically designed for detecting cancer in animals. By leveraging this innovative cancer test, veterinarians can effectively identify potential cancer indications in pets, enabling early detection and timely intervention. This collaboration between VolitionRx Limited and the pet healthcare provider aims to enhance the overall well-being of animals and improve their quality of life.

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 & Supplies 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 & Supplies Market, highlighting leading vendors and their innovative profiles. These include Advancis Veterinary Ltd., B. Braun SE, Becton, Dickinson and Company, Bionet America, Inc., Burtons Medical Equipment Ltd., Cardinal Health, Inc., Covetrus, Inc., Digicare Biomedical, Dispomed Ltd., DRE Medical, Inc. by Avante Animal Health, Eickmeyer, Grady Medical Systems, Integra LifeSciences Corporation, J & J Instruments, Inc., Jorgensen Laboratories, LLC, Masimo Corp., Midmark Corporation, MILA International, Inc., Naugra Medical, Neogen Corporation, New Gen Medical Systems, Nonin Medical, Inc., RWD Life Science Co., Ltd., Vetland Medical Sales & Services LLC, and Vetronic Services Ltd..

Market Segmentation & Coverage

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

Type

• Anesthesia Equipment
• Critical Care Consumables
• Fluid Management Equipment
• Patient Monitoring Equipment
• Rescue & Resuscitation Equipment
• Research Equipment
• Temperature Management Equipment
• Animal Type
  • Large Animals
  • Small Companion Animals
  Application
  • Diagnosis, Monitoring & Therapy
  • Surgical Application
  • End-User
  • Veterinary Clinics & Hospitals
  • Veterinary Laboratories
  • Veterinary Research Institutes
  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
  
  
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