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Veterinary Eye Care Market is Expected to Reach US$ 133.15 Million by 2034, Growing at 5.2% CAGR | Fact.MR Report
Veterinary Eye Care Market
Increased pet insurance coverage for ocular procedures, technological advancements in veterinary ophthalmic diseases, and a rise in the ophthalmic presentation of veterinary diseases are the key drivers propelling the market. The need for specialized treatment of typical eye conditions in animals is growing because of their constantly growing population.
Some of the common eye problems in these animals are cataracts, uveitis, conjunctivitis, corneal and retinal problems, eyelid anomalies, and more. Veterinary eye care is a vital component of veterinary practice, dealing with the diagnosis, treatment, and prevention of trauma and eye diseases in various animal species.
Just like humans, animals also suffer from a variety of eye diseases that are treated by veterinary experts. This sector is growing more due to the rising number of ailments that vary from mild illnesses, such as conjunctivitis to severe ailments, including cataracts or glaucoma.
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Key Takeaway from Market Study
The veterinary eye care market is estimated to be valued at US$ 80.23 million in 2024, reflecting the increasing demand for ophthalmic treatments for pets and livestock worldwide.
By 2034, the market is projected to reach US$ 133.15 million, driven by advancements in veterinary ophthalmology, increasing pet ownership, and growing awareness of animal healthcare.
he global veterinary eye care market is expected to expand at a CAGR of 5.2% over the forecast period, highlighting consistent growth due to improved treatment options and a rising focus on pet well-being.
The veterinary eye care market in the Middle East & Africa is valued at US$ 2.85 million in 2024, with steady growth expected as pet care and livestock management practices continue to evolve in the region.
By 2034, the veterinary eye care market in Mexico is projected to be valued at US$ 2.68 million, indicating an increasing adoption of eye care treatments for animals in the country.
The surgery segment within the veterinary eye care market is expected to grow at a CAGR of 5.1% from 2024 to 2034, supported by advancements in surgical techniques and the increasing prevalence of eye disorders in animals.
India's veterinary eye care market is anticipated to reach US$ 8.02 million by 2034, reflecting the country's expanding pet care industry, rising disposable incomes, and greater awareness of animal health.
Leading Players Driving Innovation in the Veterinary Eye Care Market:
Novartis AG; CooperVision; Essilor; Grandvision; Alcon; Menicon; Carl Zeiss AG
Regional Outlook:
Vet eye care will hold the maximum share in North America due to an increase in healthcare infrastructure. The market will have a more focused group of players who continue to introduce innovative features and will capture growth momentum during the forecast period.
Europe will occupy the second place in the market for veterinary eye care due to the trending pet adoption and good pet insurance schemes. Asia Pacific, on the other hand, is experiencing slow growth of the veterinary eye care market with sluggish momentum of pet adoption tendencies.
Veterinary Eye Care Market News:
Mergers and acquisitions have been a method of taking advantage of two-way advantages for the businesses. Similarly, Pathway purchased Eye Care for Animals (ECFA) in 2017, to benefit from ECFA's growth strategy and remain viable in the highly competitive veterinary eye care industry.
In April 2018, Mars Petcare finalized the acquisition of OptiGen LLC, in order to perform the highest quality of DNA testing, particularly for dogs. This testing will assist in identifying various health risks among mixed-breed dogs.
Recently, I-Med Pharma signed an agreement with DryCom to establish a distribution channel for the I-PEN Tear Osmolarity System in Brazil.
Browse Full Report: https://www.factmr.com/report/980/veterinary-eye-care-market
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the veterinary eye care market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on on treatment, indications, distribution channel, and region. By treatment, the market is categorized into medical treatment and surgery, with both segments witnessing growth due to increasing pet eye disorders.
Under indications, the market covers various conditions, including ocular surface diseases, glaucoma, cataracts, anterior uveitis, retinal diseases, corneal diseases, and other eye-related disorders, highlighting the diverse range of veterinary ophthalmic concerns.
The market is also segmented by distribution channels, including veterinary hospitals, veterinary clinics, veterinary pharmacies, drug stores, online pharmacies, and others, reflecting the multiple avenues through which veterinary eye care products and services are accessed.
Geographically, the market is divided into key regions such as North America, Western Europe, Eastern Europe, Latin America, East Asia, South Asia & Pacific, and the Middle East & Africa, showcasing its global presence and growth potential in various markets.
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