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Emerging Trends to Reshape the Veterinary Disposables Market: Focus On Innovation In Veterinary Disposables Market as a Key Influencer
Veterinary Disposables
What Is the Expected CAGR for the Veterinary Disposables Market Through 2025?
The size of the veterinary disposables market has experienced accelerated growth lately. It is projected to expand from $0.49 billion in 2024 to $0.55 billion in 2025, with a compound annual growth rate (CAGR) of 12.7%. The remarkable growth during the past period is due to factors such as eco-friendly solutions, improved veterinary services, an increase in pet ownership, expansion of veterinary healthcare, and the uptake of e-commerce.
What's the Projected Size of the Global Veterinary Disposables Market by 2029?
The market for veterinary disposables is predicted to experience significant expansion in the upcoming years. It's projected to swell to $0.93 billion by 2029, growing at a compound annual growth rate (CAGR) of 13.9%. This growth in the anticipated period can be credited to the rise in awareness of veterinary care, widespread global market adoption, the incorporation of digital health solutions, a focus on environmental sustainability, and the creation of specialized products. Upcoming trends in this forecasted period involve a shift towards more sustainable solutions, an increase in pet ownership, progress in veterinary medicine, a preference for disposable products, and the development of specialized products.
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Top Growth Drivers in the Veterinary Disposables Industry: What's Accelerating the Market?
The growth of the veterinary disposables market is projected to be stimulated by the increase in pet ownership. Having and caring for a tamed animal is what is referred to as pet ownership. The people who own pets are responsible for catering to the needs of their pets, such as food, water, shelter, health care, and friendship. The efficacy and security of these products are increased by veterinary disposables, which help pet owners provide superior care to their pets by growing the accessibility of sophisticated veterinary equipment and disposables. For example, a report submitted by UK Parliament Committees, a legislative organization based in the UK, stated in April 2023 that 53% of UK adults had a pet in 2023, a rise from 51% in February 2020. As such, the increasing number of pet owners aids in the expansion of the veterinary disposable market.
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What Trends Will Shape the Veterinary Disposables Market Through 2029 and Beyond?
Leading players in the veterinary disposables market are adopting strategies like product innovation to get ahead in the industry. These inventive solutions are aimed at enhancing animal health outcomes, streamlining processes, and cutting costs. A case in point is IDEXX Laboratories Inc., a US-based firm specializing in pet healthcare. In June 2023, this company rolled out IDEXX Cystatin B, its inaugural veterinary diagnostic test for identifying kidney damage in cats and dogs. The test, which uses urine samples, can detect renal injuries even when there are no apparent clinical signs. It also provides information above and beyond what can be learned from changes in functional markers like SDMA and creatinine.
What Are the Main Segments in the Veterinary Disposables Market?
The veterinary disposables market covered in this report is segmented -
1) By Type: Critical Care Consumables, Wound Management Consumables, Fluid Administration And Therapy Consumables, Airway Management Consumables, Gastroenterology Consumables, Needles, Other Types
2) By Animal Type: Small Animals, Large Animals, Other Animal Types
3) By End User: Veterinary Clinics, Veterinary Hospitals, Research Institutes, Other End Users
Subsegments:
1) By Critical Care Consumables: Intravenous (IV) Catheters, Syringes And Fluid Bags
2) By Wound Management Consumables: Bandages And Dressings, Antiseptic Solutions
3) By Fluid Administration And Therapy Consumables: IV Fluids, Infusion Sets
4) By Airway Management Consumables: Endotracheal Tubes, Oxygen Masks
5) By Gastroenterology Consumables: Feeding Tubes, Gastrostomy Tubes
6) By Needles: Hypodermic Needles, Specialty Needles
7) By Other Types: Surgical Drapes, Disposable Gloves, Diagnostic Consumables
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Which Top Companies are Driving Growth in the Veterinary Disposables Market?
Major companies operating in the veterinary disposables market include Cardinal Health Inc., Becton Dickinson and Company, Henry Schein Inc., B. Braun Melsungen AG, Covetrus Inc., IDEXX Laboratories Inc., Midmark Corporation, Heska Corporation, Abaxis Inc., Digicare Biomedical Technology Inc., ACON Laboratories Inc., Jorgensen Laboratories Inc., DRE Veterinary Inc., Vetland Medical Sales and Services, Patterson Companies Inc., TriviumVet Inc., ITL Biomedical Ltd., Central Biomedia Inc., Vetronic Services Ltd., Dextronix Inc.
Which Regions Will Dominate the Veterinary Disposables Market Through 2029?
North America was the largest region in the veterinary disposables market in 2024. Asia-Pacific was the second-largest region in the global veterinary disposables market analysis. The regions covered in the veterinary disposables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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