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Expanding Pet Ownership Spurs Growth In The Veterinary Eye Care Market: A Key Factor Shaping the Future of the Veterinary Eye Care Market in 2025
Veterinary Eye Care Market
The growing pet population is expected to drive the growth of the veterinary eye care market. As pet ownership continues to rise due to societal trends favoring companionship animals, advancements in veterinary medicine, and heightened awareness of pet healthcare, the need for specialized veterinary services, such as eye care, is also increasing. Ocular conditions in pets can significantly impact their quality of life, making it crucial to provide proper diagnosis and treatment. According to the National Pet Owners survey in December 2023, 66% of U.S. households owned pets, which translates to approximately 86.9 million pet-owning homes in the U.S. This growing pet population, particularly in dogs and cats, is driving the demand for veterinary eye care services, ensuring the maintenance of pet visual health and overall well-being.
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What growth opportunities are expected to drive the veterinary eye care market's CAGR through 2034?
The veterinary eye care market has grown strongly, reaching $71.97 billion in 2025 from $68.25 billion in 2024, at a CAGR of 5.4%. Key drivers include advancements in veterinary medicine, increasing companion pet ownership, a growing focus on preventive healthcare, technological innovations, and rising awareness and education on pet eye health.
The veterinary eye care market size is anticipated to witness significant expansion in the near future, reaching $87.63 billion by 2029 at a CAGR of 5.0%. The key factors fueling this growth include population trends, regulatory developments, consumer preferences and spending habits, healthcare access and insurance, and emerging diseases and conditions. Prominent trends in the forecast period involve advanced imaging techniques, minimally invasive surgical procedures, and gene therapies.
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What are the emerging trends shaping the future of the veterinary eye care market?
In the veterinary eye care market, innovations like ocular lubricants are being developed to improve eye health in animals. For example, in April 2024, Millpledge Veterinary launched Oculeze, an ocular lubricant containing natural ingredients like glycerin, aloe vera, chamomile, and propolis extract. This product is suitable for various species and helps relieve dryness and discomfort, maintaining ocular hydration and promoting overall eye health.
Which growth-oriented segments of the veterinary eye care market are leading the industry's development?
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
Subsegments:
1) By Ophthalmic Drugs: Anti-Inflammatory Drugs, Antibacterial Drugs, Antifungal Drugs, Lubricating Agents
2) By Ophthalmic Devices: Intraocular Lenses, Tonometers, Ophthalmoscopes, Retina Imaging Systems
3) By Ophthalmic Surgery: Cataract Surgery, Glaucoma Surgery, Retinal Surgery, Corneal Transplantation
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What regions are leading the charge in the veterinary eye care market?
North America was the largest region in the veterinary eye care market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary eye care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the veterinary eye care market?
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.
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What Is Covered In The Veterinary Eye Care Global Market Report?
•Market Size Forecast: Examine the veterinary eye care market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the veterinary eye care market for a structured understanding.
•Key Players Overview: Analyze major players in the veterinary eye care market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the veterinary eye care market.
•Segment Contributions: Evaluate how different segments drive overall growth in the veterinary eye care market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the veterinary eye care market.
•Industry Challenges: Identify potential risks and obstacles affecting the veterinary eye care market.
•Competitive Landscape: Review strategic developments in the veterinary eye care market, including expansions, agreements, and new product launches.
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