Global Veterinary Equipment and Disposables Market to Grow at 11.5% During 2024-2032, Propelled by the Rising Expenditure Capacities for the Maintenance of Superior Animal Health

April 12, 2023 | Healthcare

The latest report by IMARC, titled “Veterinary Equipment and Disposables Market Report by Product (Critical Care Consumables, Anesthesia Equipment, Fluid Management Equipment, Temperature Management Equipment, Rescue and Resuscitation Equipment, Research Equipment, Patient Monitoring Equipment, and Others), Animal Type (Companion Animal, Livestock Animal), End Use (Veterinary Hospitals/Clinics, Research Institutes), and Region 2024-2032”, finds that the global veterinary equipment and disposables market is expected to exhibit a CAGR of 11.5% during the forecast period (2024-2032). Veterinary equipment and disposables are employed to diagnose ailments, control breeding and offer precise treatment to domestic and livestock animals. It prevents infection, food infectivity, and diseases in the domestic animal husbandry sector. Some of the most commonly used equipment and disposables by veterinarians include analyzers, medical apparatus, handheld tools, disposable devices, syringes, needles, diagnostic test kits, and surgical instruments. In recent years, veterinary equipment and disposables have gained traction due to a significant rise in the adoption of animals as companions. 

Global Veterinary Equipment and Disposables Market Trends:

One of the primary factors driving the market is the rising expenditure capacities of pet owners for the maintenance of superior animal health. Additionally, the augmenting demand for pet insurance in confluence with the increasing number of veterinary practitioners are creating a positive market outlook. Other than this, the growing pet humanization and the increasing number of nuclear families are positively influencing the market growth. Besides this, the adoption of animals as companions offers numerous health benefits, such as normalization of blood pressure, better psychological stability, enhanced wellbeing, minimized anxiety, and cardiac arrhythmias, which is propelling the market growth. In line with this, the constant technological developments have led to the introduction of lightweight, compact, innovative, portable, and real-time equipment with cameras, which reduces exam time and offers clear images of internal body systems. Along with this, government organizations of numerous nations are supporting veterinary practices, thereby creating lucrative growth opportunities for key players operating in the industry. 

Market Summary:

  • Based on the product, the market has been divided into critical care consumables, anesthesia equipment, fluid management equipment, temperature management equipment, rescue and resuscitation equipment, research equipment, patient monitoring equipment, and others.
  • On the basis of the animal type, the market has been bifurcated into companion animal (dogs, cats, horses, and others) and livestock animal.
  • Based on the end use, the market has been segregated into veterinary hospitals/clinics and research institutes.
  • Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), and Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been analyzed, with some of the key players being B. Braun Melsungen AG, Digicare Biomedical Technology Inc., Henry Schein Inc., Medtronic Plc, Midmark Corporation, Nonin Medical Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Smiths Group Plc, Vetland Medical Sales and Services, and Vetronic Services Ltd.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product, Animal Type, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered B. Braun Melsungen AG, Digicare Biomedical Technology Inc., Henry Schein Inc., Medtronic Plc, Midmark Corporation, Nonin Medical Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Smiths Group plc, Vetland Medical Sales and Services and Vetronic Services Ltd.
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
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Global Veterinary Equipment and Disposables Market to Grow at 11.5% During 2024-2032, Propelled by the Rising Expenditure Capacities for the Maintenance of Superior Animal Health
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