Veterinary Equipment and Disposables Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

Veterinary Equipment and Disposables Market Size

Veterinary Equipment and Disposables Market Analysis

Consumables Account for the Largest Share

Consumables hold the largest share, of 60%, attributed to the rising animal care expenditure and the increasing number of sterilization procedures, which require consumables in high volumes. Moreover, they are used for various applications, including airway management and wound management. The key players are also focusing on launching new consumables for these and many other procedures. For instance, in March 2021, Axio Biosolutions announced its expansion into the veterinary wound management space with the launch of the SureKlot range of products.

The rescue & resuscitation category within the equipment sub-segment is expected to grow significantly in the coming years. This is ascribed to the rising incidence of cardiopulmonary arrest in cats and dogs, which needs quick patient assessment and an immediate administration of CPR.

Diagnosis, Monitoring, and Therapy Category Is Expected To Witness Faster Growth

The diagnosis, monitoring, and therapy category is expected to witness the faster growth, at a CAGR of 9.4%, owing to the need for the detection of health concerns before they become serious, so that effective treatment can be planned accordingly. Presently, artificial intelligence (AI) approaches are being used in veterinary health for predicting highly complex issues and studying host and pathogen interactions.

Surgical applications dominate the market, ascribed to the increasing number of surgical procedures. Moreover, the rising number of practitioners and advancing technologies are boosting the demand for surgical equipment.

Among surgical applications, dental surgery dominates the market owing to the rising awareness among pet owners regarding animals’ dental health. Moreover, the growing periodontal disease incidence and advancing technologies of dental devices and instruments drive the growth of this category.

Market Dominated by Companion Animals

Companion animals dominate the market, attributed to the growth in their population and increase in the focus on their care. According to the American Veterinary Medical Association, the number of both dogs and cats in human households has increased significantly. Moreover, animal shelters are an important source for new pet acquisitions, accounting for 40% of cats and 38% of dogs adopted in 2021.

Besides, according to the North American Pet Health Insurance Association (NAPHIA), the demand for pet insurance over the years has resulted from the rise in the adoption of a large number of companion animals.

Additionally, the rising demand for effective therapies and diagnoses and the growing awareness of the care of companion animals are some key drivers for the category’s progress. The increasing number of initiatives for stray dog and cat rescue and the rising usage of rescue and resuscitation equipment are also boosting the revenue in this category.

The bovines and large animals category is also growing, because of the rising demand for meat and milk. In August 2021, the Animal Health Awareness Programme was organized by ICAR-Indian Veterinary Research Institute (IVRI), Eastern Regional Station (ERS), Kolkata, in the Balarampur Village. All the beneficiaries received an awareness kit comprising scientific literature regarding poultry/quail/duck farming, vaccination and deworming schedules, as well as a leaflet on poultry and duck diseases in the Bengali language.

Veterinary Clinics Are Largest End Users

Veterinary clinics are the largest end users, ascribed to the availability of a huge variety of treatment options here. Government animal welfare organizations have issued various guidelines to ensure the safety practices and standards to be implemented in such places, which, in turn, has augmented the footfall here. Moreover, across developed nations, the growth in this category can also be ascribed to the existence of a large number of vet clinics, which are performing an increasing number of surgeries.

Geographical Analysis

North America has the leading position in the market, and it will hold the same position till 2030, with a value of USD 1.2 billion. This is attributed to the strong healthcare infrastructure and technological advancements in the field of veterinary sciences. Moreover, the increasing expenditure on the health of pets, whose population is growing, contributes toward the growth.

In North America, the U.S. holds the leading position, and it will grow with a CAGR of 9.3%, attributed to the strong financial support by governments to enhance veterinary care. This is attributed to the growing pet adoption and increasing per capita animal healthcare expenditure. In addition, the significant increase in the prevalence of zoonotic diseases has been identified as the major driving factor for the development of advanced equipment and disposables.

Every year, approximately 4.1 million animals are adopted in the U.S., out of which 2 million are dogs and 2.1 million are cats. It is also estimated that around 90.5 million households in the country own a pet. Furthermore, the rising awareness of their health, advancing healthcare IT infrastructure, initiatives taken by the government to manage animals’ health, product innovations, and a high percentage of tech-savvy owners are boosting the progress of the U.S. veterinary equipment and disposables market.

Similarly, in the Asia-Pacific region, the market is expected to show significant progress in the coming few years due to the rising pet adoption rate, burgeoning livestock population, rapid urbanization, increasing awareness of animal health, and surging per capita animal health spending in the region. Among APAC countries, China and Japan are predicted to show notable growth, due to the increasing number of veterinary hospitals and clinics. In addition, the increasing R&D investments by the key players for the development of value-added products are expected to drive revenue generation in the region.

Market Breakdown

This report offers deep insights into the veterinary equipment and disposables market, with size estimation for 2019 to 2030, the major drivers, restraints, trends and opportunities, and competitor analysis.

Based on Type

• Consumables
• Equipment

Based on Application

• Surgery
  • Soft tissue surgery
  • Sterilization surgery
  • Gynecology and urology surgery
  • Dental surgery
  • Orthopedic surgery
  • Ophthalmic surgery
• Diagnosis, Monitoring, and Therapy

Based on Animal

• Companion Animals
• Bovines and Large Animals

Based on End User

• Veterinary Clinics
• Veterinary Hospitals
• Veterinary Research Institutes

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
• Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • U.A.E.

Top Veterinary Equipment and Disposables Companies