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Veterinary Eye Care Market Insights: Growth Outlook, Demand Forecast, and Significant Trends Shaping the Future of Animal Healthcare!
Veterinary Eye Care Market
As per the report, the veterinary eye care market size has grown strongly in recent years. It will grow from $65.03 billion in 2023 to $68.25 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The veterinary eye care market size is expected to see strong growth in the next few years. It will grow to $83.51 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%.
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Expanding Pet Ownership Spurs Growth In The Veterinary Eye Care Market
The increasing pet population is expected to propel the growth of the veterinary eye care market going forward. Pet population refers to the total number of domestic animals that are kept by humans for companionship, emotional support, recreation, or other non-utilitarian purposes. The rise in the pet population is due to societal trends favoring pet ownership, advancements in veterinary medicine, and increased awareness of the importance of pet healthcare. Veterinary eye care is crucial for diagnosing and treating ocular conditions in pets, ensuring overall visual health and quality of life. For instance, in December 2023, according to the National Pet Owners survey conducted by the American Pet Products Association (APPA), a US-based non-profit association, 66% of U.S. households owned a pet, accounting for roughly 86.9 million pet-owning homes in the U.S., including 46.5 million cats, 65.1 million dogs, and 2.2 million horses. Therefore, the increasing pet population is driving the growth of the veterinary eye care market.
Introduction Of Advanced Ocular Lubricants In Veterinary Eye Care
Major companies operating in the veterinary eye care market are focusing on innovative product , such as ocular lubricants, to enhance the comfort and ocular health of animals, improve treatment outcomes, and address a wide range of eye conditions. Ocular lubricants are specially formulated products designed to moisten and protect the surface of the eyes in animals. These lubricants help maintain proper hydration of the cornea and conjunctiva, providing relief from dryness, irritation, and discomfort. For instance, in April 2024, Millpledge Veterinary, a UK-based manufacturer of veterinary products, launched Oculeze, a new ocular lubricant designed to support eye health in animals. This product is suitable for various species, including dogs, cats, horses, and rabbits, and is particularly beneficial for managing conditions that require additional moisture or lubrication to support eye health. The ocular lubricant contains natural active ingredients such as glycerin (0.8%), aloe vera, chamomile, and propolis extract, known for their soothing and hydrating properties. It is phosphate-free, pH-neutral, and suitable for a wide range of conditions that require additional moisture or lubrication to maintain eye health.
The veterinary eye care market covered in this report is segmented -
1) By Product Type: Ophthalmic Drugs, Ophthalmic Devices, Ophthalmic Surgery
2) By Animal Type: Companion Animal, Livestock Animals
3) By Indication: Eyelid Abnormalities, Cataract, Glaucoma, Retinal Complications, Uveitis, Conjunctivitis, Corneal Complications, Other indications
4) By End User: Veterinary Hospital, Veterinary Clinics, Other End Users
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Major companies operating in the veterinary eye care market are Boehringer Ingelheim, Zoetis Inc., Merck Animal Health, Bausch & Lomb Incorporated, Virbac, Menicon Co. Ltd., Nutramax Laboratories Inc., Manna Pro Products LLC, Farnam Companies , Bayer Animal Health, Beaphar, Revival Animal Health, MiracleCorp Products, Zymox , Domes Pharma, Epicur Pharma, TVM UK Animal Health Ltd., I-MED Animal Health, an-vision GmbH, Optixcare , MENFORSAN, Nutri-Vet , Boss Pet Products Inc.
Contents of the report:
1. Executive Summary
2. Veterinary Eye Care Market Report Structure
3. Veterinary Eye Care Market Trends And Strategies
4. Veterinary Eye Care Market - Macro Economic Scenario
5. Veterinary Eye Care Market Size And Growth
…..
27. Veterinary Eye Care Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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