Veterinary Equipment And Supplies Market Report 2024-2033 | Share, Trends, Demand, overview

The veterinary equipment and supplies market size has grown strongly in recent years. It will grow from $1.95 billion in 2023 to $2.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to pandemic influence, surgical instrumentation advances, diagnostic equipment evolution.

The veterinary equipment and supplies market size is expected to see strong growth in the next few years. It will grow to $2.91 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to rise in pet ownership, focus on preventive healthcare, advanced diagnostics and imaging, specialized veterinary services. Major trends in the forecast period include demand for point-of-care testing, geriatric pet care, shift in pet health awareness, specialized consumables, investments in r&d.

Market Overview -
Veterinary equipment and supplies refer to veterinary diagnostics solutions based on scientifically developed products used to diagnose, monitor, or treat various animal-related health conditions. These are the tools required to treat and diagnose animal diseases properly. These devices also assist in the prevention of food contamination in animals.

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Rising Prevalence Of Animal Diseases Drives Growth In Veterinary Equipment And Supplies Market
The increase in prevalence of diseases in animals is significantly contributing to the growth of the veterinary equipment and supplies market. As the number of obese pets continues to grow, diseases commonly associated with obesity, such as osteoarthritis, are also on the rise. The veterinary equipment and supplies aid in the diagnosis and treatment of diseases in animals. For instance, in 2021, according to a report issued by the Home Office, a UK-based ministerial department of Her Majesty's Government, the proportion of animal diseases and disorders procedures will increase to 48%. Therefore, increasing prevalence of diseases in animals is expected to propel the growth of the veterinary equipment and supplies market going forward.

Competitive Landscape -
Major companies operating in the veterinary equipment and supplies market report are B. Braun Vet Care GmbH, Covetrus Inc., BD Animal Health, Cardinal Health Inc., ICU Medical Inc., Neogen Corporation., Integra LifeSciences, Midmark Corporation, Jorgensen Laboratories LLC, Shenzhen Mindray Animal Medical Technology Co Ltd., Eickemeyer Veterinary Equipment Inc., Digicare Biomedical Technology Inc., Dispomed Ltd., Grady Medical Systems Inc., Mila International Inc., Burtons Medical Equipment Ltd., Bionet America Inc., J & J Instruments Inc., Vetronic Services Ltd., Advancis Veterinary Ltd., New Gen Medical Systems LLC, DRE Medical Inc., Smiths Group plc., Vetland Medical Sales and Services LLC, DeLaval International AB, Zoetis Inc., Ceva Santé Animale S.A., Boehringer Ingelheim Animal Health, Merck & Co. Inc., Bayer Animal Health GmbH

Zoetis Launches Vetscan Mastigram+ For Rapid Mastitis Diagnosis
Technological advancements have emerged as a key trend gaining popularity in the veterinary equipment and supplies market. Major companies operating in the veterinary equipment and supplies sector are focused on developing new technological equipment and solutions to strengthen their position in the market. For instance, in June 2023, Zoetis, a US-based animal health company that specializes in the discovery, development, manufacture, and commercialization of a wide range of veterinary medicines, vaccines, and diagnostic products, introduced an innovative solution to the field of veterinary care with the launch of Vetscan Mastigram+. This on-farm mastitis diagnostic tool employs a rapid and straightforward flow dipstick test, enabling the detection of gram-positive mastitis in dairy cows within a mere eight hours, conveniently providing results before the next milking session.

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Key Segments -

The veterinary equipment and supplies market covered in this report is segmented -
1) By Type: Critical Care Consumables, Anesthesia Equipment, Fluid Management Equipment, Temperature Management Equipment, Patient Monitoring Equipment, Research Equipment, Rescue and Resuscitation Equipment
2) By Animal Type: Small Companion Animals, Large Animals
3) By End User: Veterinary Clinics, Veterinary Hospitals, Research Institutes

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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