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Veterinary Disposables Market 2024 - Assessing Size, Sharing Insights, Predicting Trends, and Offering Growth Analysis Report for 2033
Veterinary Disposables Market
The Business Research Company offers in-depth market insights through Veterinary Disposables Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The veterinary disposables market size has grown rapidly in recent years. It will grow from $0.43 billion in 2023 to $0.49 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to environmentally conscious solutions, enhanced veterinary facilities, rise in pet ownership, veterinary healthcare expansion, e-commerce adoption.
The veterinary disposables market size is expected to see rapid growth in the next few years. It will grow to $0.82 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to increasing veterinary care awareness, global market penetration, integration of digital health solutions, environmental sustainability focus, specialized product development. Major trends in the forecast period include shift towards sustainable solutions, rise in pet ownership, advancements in veterinary medicine, preference for single-use products, specialized product development.
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Market Segmentation:
The veterinary disposables market covered in this report is segmented -
1) By Type: Critical Care Consumables, Wound Management Consumables, Fluid Administration and Therapy Consumables, Airway Management Consumables, Gastroenterology Consumables, Needles, Other Types
2) By Animal Type: Small Animals, Large Animals, Other Animal Types
3) By End User: Veterinary Clinics, Veterinary Hospitals, Research Institutes, Other End Users
Major Driver - Increased Pet Ownership Driving Veterinary Disposables Market Growth
Increased pet ownership is expected to contribute to the growth of the veterinary disposables market going forward. Pet ownership refers to the act of owning and caring for a domesticated animal. Pet owners are responsible for providing for their pets' needs, including food, water, shelter, health care, and companionship. Veterinary disposables can help pet owners provide better care for their pets by increasing the availability of advanced veterinary equipment and disposables and improving the efficacy and safety of these products. For instance, in 2021, according to Chewy, Inc., a US-based online retailer of pet food and other products, there were around 977,202 pets adopted in the US in 2021, which resulted in the highest adoption rate of 61% in the past six years. Therefore, the rise in pet ownership aids in the growth of the veterinary disposable market.
Competitive Landscape:
Major companies operating in the veterinary disposables market report are Cardinalhealth Inc., Pfizer Inc., Abbott Laboratories, Medtronic plc, Becton Dickinson and Company, Henry Schein Inc., B. Braun Melsungen AG, Covetrus Inc., Mindray Medical International Limited, Smiths Group plc, IDEXX Laboratories Inc., Varian Medical Systems Inc., Midmark Corporation, Heska Corporation, Abaxis Inc., Nonin Medical Inc., Digicare Biomedical Technology Inc., ACON Laboratories Inc., Jorgensen Laboratories Inc., DRE Veterinary Inc., Vetland Medical Sales and Services, Zomedica Pharmaceuticals Corp., Synedgen Inc., Patterson Companies Inc., Piavita AG, TriviumVet Inc., ITL Biomedical Ltd., Central Biomedia Inc., Vetronic Services Ltd., Optomed Oyj, Dextronix Inc.
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Top Trend - Focus On Innovation In Veterinary Disposables Market
Major companies operating in the veterinary disposables market are focused on introducing innovative solutions to gain a competitive edge in the market. Innovative solutions refer to products or services that can help improve animal health outcomes, increase efficiency, and reduce costs. For instance, in June 2023, IDEXX Laboratories Inc., a US-based pet healthcare company, launched IDEXX Cystatin B, its first veterinary diagnostic test for detecting kidney injury in cats and dogs. The IDEXX Cystatin B Test is a simple urine-based test that can uncover kidney injury when clinical signs may or may not be apparent and gain additional insights beyond the changes in functional markers such as SDMA and creatinine.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Veterinary Disposables Market Characteristics
3. Veterinary Disposables Market Trends And Strategies
4. Veterinary Disposables Market - Macro Economic Scenario
5. Veterinary Disposables Market Size And Growth
…..
27. Veterinary Disposables Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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