Veterinary Equipment and Disposables Market 2019 | Future Growth By Leading Players Medtronic Plc, Smiths Medical, 3M Company, Digicare Biomedical Technology, Inc., DRE Veterinary, Midmark Corporation, Mila International, Inc., Hallowell Engineering

Veterinarians use a range of tools to perform dressing of the wounds, check-up of vets, collect bodily fluids, and perform various surgeries on the animals. Tools such as surgical clamps, microscopes, saws, pin drivers, suction machines, and catheters are frequently used in surgeries, however, vets also use equipment that are designed specifically for animals. These specialized equipment include electric and manual razors that are used to remove hair from furry animals to perform surgical procedures on them. Other specialized tools include snook hooks, curved hooks, hemostats, and tourniquets. The veterinarians use equipment that are similar to the ones used by physicians adapted to the needs of their animal patients. Modern veterinary equipment includes tools ranging from simple surgical instruments and disposables such as needles and blades to high technology equipment with imaging capabilities. Specialized veterinarians provides specialized services such as assistance for reproduction through insemination, which can be achieved through the ultrasound procedures, insemination equipment, and blood and fertility tests. The advanced equipment used by the veterinarians include cold laser treatment machines, photo-biotherapy machines, surgical lasers, and others.

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Competitive Landscape

Key players operating in the global veterinary equipment and disposables market include Medtronic Plc, Smiths Medical, 3M Company, Digicare Biomedical Technology, Inc., Vetland Medical Sales and Services LLC, DRE Veterinary, Midmark Corporation, Mila International, Inc., Hallowell Engineering and Manufacturing Corporation, and others. Market players are focused towards adopting strategic collaborations to develop innovative products and cater to the demand of veterinarians to treat various diseases in animals. For instance, in February 2016, Analogic Corporation in collaboration with Oncura Partners Diagnostics LLC developed a cloud-based ultra-sound Telehealth service that applied real-time remote ultrasound imaging and services to the veterinary market.

Market Dynamics

Rising incidence of animal related disorders coupled with increasing investments in veterinary healthcare is expected to drive growth of the veterinary equipment and disposables market. Chronic conditions such as pet cancer, foot and mouth disease, and lumpy skin disease are among the most commonly encountered chronic animal and livestock diseases in the world. According to the Veterinary Cancer Society, 2016, cancer is the leading cause of death in around 47% of the dogs diagnosed with cancer over the age of 10 and 32% of the cats, where Feline Leukemia Virus (FeLV) was one of the leading cause of lymphoma in cats. According a report published by the Royal Veterinary College, University of London, around 3,884 dogs were treated with anal sac impaction procedures in London in 2013. Moreover, the rising investment in animal healthcare is leading to development of innovative technologies such as disposable veterinary infusion pumps for delivering various medical dosage of therapeutics to the pets. For instance, Body Guard 121 Twins introduced in 2011 for vet consists of two independent channels that extend the therapeutic range of option, as the device allows to set up fast high volume rapid infusions, mix two different infusion solutions for an animal or infuse to two different animals from one device. However, lack of accuracy in these devices such as software problems, alarm errors, and inadequate user interface design are expected to hinder the market growth.

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Regional Insights

On the basis of region, the global veterinary equipment and disposables market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds a dominant position in the global veterinary equipment and disposables market and is expected to retain its dominance over the forecast period. This attributes to high incidence of chronic animal diseases such as cancer as well as rising investments in animal healthcare. For instance, according to the Animal Cancer Foundation, 2015, around 65 million dogs and 32 million cats live in the U.S. and around 6 million new cancer cases in dogs and cats are reported every year. The data also suggests that one-third of all tumors in dogs are skin tumors, while around 20% are mast cell tumors. Moreover, in 2017, the Blue Buffalo Foundation granted US$ 1 Mn to the Animal Cancer Foundation for the Canine Cancer Genome Project to map the tumor genomes and develop effective therapies.

Furthermore, Asia Pacific is expected to witness a significant growth in the market, owing to rising incidence of infectious animal and livestock diseases that are leading to rising demand for treatment options. According to the Global Animal Disease Intelligence Report 2015, 157 outbreaks of serotype O were reported in different cities of Republic of Korea, primarily in pig farms cattle and goats. Moreover, the players in the Asia Pacific region are targeting international markets to create a significant position in the global market. For instance, in February 2017, Samsung Electronics in collaboration with Henry Schein, Inc. introduced PT10V, point-of-care (PoC) blood analyzer for animal blood tests at the North American Veterinary Community (NAVC) Conference in Orlando, Florida.

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