Veterinary Equipment and Supplies Market by Type (Consumables, Patient Monitors, Anesthesia, Infusion Pumps), Application (Surgical (Gynecology, Dental), Diagnosis), Animal (Companion, Bovines), End User (Hospitals, Clinics) - Global Forecast to 2027
Veterinary equipment and supplies include all kinds of medical equipment, which are intended to help diagnose, monitor, or treat various health conditions associated with animals, such as anesthetic medication, respiratory support, temperature management, and fluid management. It also includes disposable devices or the medical apparatus, which has been designed for temporary or one-time use, mainly for infection control.
The global veterinary equipment and supplies market is projected to reach USD 2.9 Billion by 2027 from USD 2.0 Billion in 2022, at a CAGR of 8.1% during the forecast period. Emerging markets, such as rIndia and China, and growing companion animal ownership in the APAC region are expected to offer significant growth opportunities for players in the veterinary equipment and supplies market. In this report, the veterinary equipment and supplies market is segmented based on type, application, animal type, end user, and region.
The growth of the global veterinary equipment and supplies market during the forecast period is mainly driven by the increasing animal healthcare spending and growing pet insurance purchase, growing companion animals market, the increasing number of veterinary practitioners and their income levels in developed regions, and the increasing launch of advanced products.
Based on the type, the critical care consumables segment is the highest growing segment during the forecast period.
Based on the type, the veterinary equipment and supplies market is categorized into critical care consumables, anesthesia equipment, fluid management equipment, temperature management equipment, rescue & resuscitation equipment, research equipment, and patient monitoring equipment. In 2021, the critical care consumables segment is the highest growing segment during the forecast period which can be attributed to the increasing use of consumables in the monitoring & treating of animals owing to the growing incidence of diseases
Based on animal type, the equines segment holds the largest share of large animals market during the forecast period
The large animals segment includes equines and bovines & other animals (including sheep, goats, and pigs). The veterinary equipment and supplies market for equines accounted for the largest share of large animal market in 2021. The growing equine population and the rising number of equine clinics in the US are the key factors driving the growth of the veterinary equipment and supplies market for this segment.
Based on end user, the veterinary clinics segment is the highest growing segment during the forecast period.
Based on end users, the veterinary equipment and supplies market is categorized into veterinary clinics, veterinary hospitals, and veterinary research institutes. The veterinary clinics segment is the highest growing segment during the forecast period. The highest growth of this segment can be attributed to the growing number of patient visits and the increasing number of private clinical practices.
APAC is expected to grow at the highest growth rate in 2021
The Asia Pacific region is expected to register the highest CAGR during the forecast period. The market growth in this region is primarily attributed to the growing livestock population, increasing pet adoption, rising awareness about animal health, progressive urbanization, and growing per capita animal health expenditure. The increasing number of veterinary professionals and veterinary clinics is another major factor leading to the growing adoption of veterinary equipment and supplies.
Key players in the veterinary equipment and supplies market
The prominent players in the veterinary equipment and supplies market are B. Braun Vet Care GmbH (Germany), Covetrus Inc. (US), BD Animal Health (US), Cardinal Health (US), ICU Medical, Inc. (US), Neogen Corporation (US), Integra LifeSciences (US), Midmark Corporation (US), Jorgensen Laboratories (US), Shenzhen Mindray Animal Medical Technology Co., Ltd. (China), Nonin Medical (US), Digicare Animal Health (US), Hallowell Engineering And Manufacturing Corporation (US), Grady Medical (US), Mila International Inc. (US), Burtons Medical Equipment Ltd (UK), Bionet America, Inc (South Korea), Masimo Corporation (US), Vetronic Services Ltd (UK), Advancis Veterinary (UK), New Gen Medical Systems (India), Dispomed (Canada), Eickemeyer (Germany), J & J Instruments (US), and Avante Animal Health (US).
The report analyzes the veterinary equipment and supplies market and aims at estimating the market size and future growth potential of this market based on various segments such as type, application, animal type, end user and region. The report also includes a product portfolio matrix of various veterinary equipment and supplies products available in the market. The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, and key market strategies.
Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a more significant share of the market. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their position in the market.
This report provides insights into the following pointers:
Market Penetration: Comprehensive information on product portfolios offered by the top players in the global veterinary equipment and supplies market. The report analyzes this market by type, application, animal type, end user, and region.
Product Enhancement/Innovation: Detailed insights on upcoming trends and product launches in the global veterinary equipment and supplies market.
Market Development: Comprehensive information on the lucrative emerging markets by type, application, animal type, end user, and region.
Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global veterinary equipment and supplies market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, competitive leadership mapping, and capabilities of leading players in the global veterinary equipment and supplies market.
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