Global Veterinary Equipment And Supplies Market Projected to Surpass $3.13 Billion by 2029 with 9% Annual Growth

What industry-specific factors are fueling the growth of the veterinary equipment and supplies market?
The escalation in the occurrence of ailments in animals is majorly fostering the growth of the veterinary equipment and supplies market. As the figure of overweight pets is steadily rising, illnesses typically linked to obesity such as osteoarthritis, are simultaneously increasing. These veterinary equipment and supplies are crucial for diagnosing and curing diseases in animals. For example, in February 2024, the UK Health Security Agency, an agency managed by the UK government, reported that there were 54 confirmed toxoplasmosis cases in the second quarter of 2023, demonstrating an escalated rate compared to the 37 cases in the same period in 2022. Consequently, the mounting prevalence of animal diseases is anticipated to boost the growth of the veterinary equipment and supplies market in the future.

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What Is the projected market size and growth rate for the veterinary equipment and supplies market?
In recent years, the veterinary equipment and supplies market has seen substantial growth. Projection figures indicate a rise from $2.1 billion in 2024 to $2.26 billion in 2025, marking a compound annual growth rate (CAGR) of 7.5%. Factors contributing to this growth during the historic period include the impact of the pandemic, advancement in surgical tools, and the evolution of diagnostic equipment.

In the forthcoming years, a significant expansion is anticipated in the veterinary equipment and supplies market. The market is forecasted to grow to $3.13 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 8.6%. The predicted growth during the forecast period can be credited to increased pet ownership, a focus on preventive healthcare, advancements in diagnostics and imaging, and specialized veterinary services. Key trends for the forecast period consist of the demand for point-of-care testing, geriatric pet care, raised awareness about pet health, specialized consumables, as well as investments in research and development.

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What new trends are reshaping the veterinary equipment and supplies market and its opportunities?
Evolution in technology has become a significant trend in the veterinary equipment and supplies market, gaining widespread attention. The industry's key players are putting much emphasis on the invention of new tech-savvy equipment and solutions in order to solidify their market standing. For example, Zoetis, a US-based firm renowned for its expertise in the discovery, development, production, and commercialization of a broad spectrum of veterinary drugs, vaccines, and diagnostic products, brought a groundbreaking solution to veterinary care in June 2023. They launched Vetscan Mastigram+, an innovative mastitis diagnostic tool for use on farms. This tool, with its quick and simple flow dipstick test, can identify gram-positive mastitis in dairy cows in just eight hours, conveniently delivering results before their next milking cycle.

What major market segments define the scope and growth of the veterinary equipment and supplies market?
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

Subsegments:
1) By Critical Care Consumables: IV Catheters, Syringes and Needles, Surgical Drapes and Covers, Wound Care Supplies
2) By Anesthesia Equipment: Anesthesia Machines, Vaporizers, Endotracheal Tubes, Anesthesia Monitors,
3) By Fluid Management Equipment: Infusion Pumps, IV Fluids, Fluid Warmers, Fluid Administration Sets
4) By Temperature Management Equipment: Heating Pads, Warm Air Blankets, Temperature Monitors
5) By Patient Monitoring Equipment: ECG Monitors, Pulse Oximeters, Blood Pressure Monitors, Capnography Monitors
6) By Research Equipment: Imaging Equipment, Laboratory Equipment, Research Models and Manikins
7) By Rescue And Resuscitation Equipment: Defibrillators, Emergency Oxygen Masks, Resuscitation Bags, Cardiac Monitors

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Which region dominates the veterinary equipment and supplies market?
North America was the largest region in the veterinary equipment and supplies market in 2024. The regions covered in the veterinary equipment and supplies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the veterinary equipment and supplies industry growth?
Major companies operating in the veterinary equipment and supplies market 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

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What Is Covered In The Veterinary Equipment And Supplies Global Market Report?

• Market Size Forecast: Examine the veterinary equipment and supplies market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the veterinary equipment and supplies market for a structured understanding.
• Key Players Overview: Analyze major players in the veterinary equipment and supplies market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the veterinary equipment and supplies market.
• Segment Contributions: Evaluate how different segments drive overall growth in the veterinary equipment and supplies market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the veterinary equipment and supplies market.
• Industry Challenges: Identify potential risks and obstacles affecting the veterinary equipment and supplies market.
• Competitive Landscape: Review strategic developments in the veterinary equipment and supplies market, including expansions, agreements, and new product launches.

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