Veterinary Equipment and Disposables Market Summary
As per MRFR Analysis, the Veterinary Equipment and Disposables Market is valued at USD 2.16 Billion in 2023 and is projected to grow to USD 2.71 Billion by 2032, with a CAGR of 2.51% from 2024 to 2032. Key drivers include rising animal adoption, an increase in veterinary practitioners, and a growing demand for pet insurance. The market is also influenced by the rising incidence of animal diseases and increased spending on animal health. The critical care consumables segment holds the largest market share, while the large animal segment accounts for 60.7% of market revenue. North America leads the market due to its established veterinary healthcare system and rising healthcare costs.
Key Market Trends & Highlights
The growing pet population and increased awareness of animal health are driving market growth.
- Market Size in 2023: USD 2.16 Billion
- Projected Market Size by 2032: USD 2.71 Billion
- CAGR from 2024 to 2032: 2.51%
- Large Animal Segment Revenue: USD 1.3 Billion (60.7% market share)
Market Size & Forecast
2023 Market Size: USD 2.16 Billion
2032 Market Size: USD 2.71 Billion
CAGR (2024-2032): 2.51%
Largest Regional Market Share in 2023: North America
Major Players
Key players include Patterson Companies, Inc., Vetland Medical Sales & Services, Digicare Biomedical Technology Inc, Medtronic, and Braun Melsungen AG.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Veterinary Equipment and Disposables Market Trends
Growing pet population is driving the market growth
Market CAGR for veterinary equipment and disposables is driven by the rising number of pet animals. Another is the frequency of diseases affecting cats and dogs. As more consumers purchase pet insurance to lower out-of-pocket expenses for catastrophic medical issues like accidents, the market is anticipated to expand soon. A few other factors driving the need for pet insurance include the rising prevalence of animal diseases and the high cost of treatment. The price of diagnosis raises treatment expenses even further, spurring market expansion. The high expense of veterinary care is another factor in the need for pet insurance. The cost of diagnostic procedures, such as imaging and lab testing, can be high, and the cost of therapy may increase. Veterinarian treatment is made more accessible and inexpensive thanks to pet insurance, which lessens the financial strain on pet owners. As they are essential for identifying and treating a wide range of animal diseases and ailments, this fuels the market for veterinary equipment and disposables.
Figure 1: Total annual expenditure of pet industry in the U.S from 2010-2020
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Because of the rise in animal procedures, the veterinary equipment and disposables market is anticipated to expand in emerging nations. Veterinary offices are increasingly using surgical methods to treat various medical issues and enhance the well-being of animals. The most common surgical operations performed on pets include dental surgeries, cataract removal, hip dysplasia treatments, spaying or neutering, and wound healing. The market for veterinary equipment and disposables is anticipated to rise as a result of the rising awareness of pet health and the prevalence of illnesses linked to obesity, as well as the rising number of surgical procedures performed on animals in emerging nations. For these treatments and to assure the safety and welfare of the animals undergoing surgery, veterinary practices are seeing an increase in demand for disposable surgical supplies. Thus, driving the veterinary equipment and disposables market revenue.
Veterinary Equipment and Disposables Market Segment Insights
Veterinary Equipment and Disposables Type Insights
The veterinary equipment and disposables market segmentation, based on type, includes anesthesia equipment, critical care consumables, temperature management equipment, fluid management equipment, patient monitoring equipment, research equipment, rescue & resuscitation equipment, and others. With a major market share in 2022, the critical care consumables category dominated the veterinary equipment and disposables market. The increase in the utilization of consumables for numerous applications, including wound care, airway care, gastroenterology, reproduction, and others, can be ascribed to growth. Over the projected period, the rescue and resuscitation equipment sector is anticipated to increase at the quickest rate. Cardiac Resuscitation (CPR) for cats and dogs must be started immediately to manage cardiac arrest.
Veterinary Equipment and Disposables Animal Type Insights
The veterinary equipment and disposables market segmentation, based on animal type, includes small animals and large animals. The large animal segment dominated the market, accounting for 60.7% of market revenue (1.3 Billion). This segment is expanding due to increased companion animal ownership, increased emphasis on pet care, and pet owners' overall wellness. Furthermore, in 2022, small animals experienced the fastest growth rate. The demand for better treatment and diagnostics, increased animal husbandry operations, and a greater understanding of the management of livestock animals are some of the primary reasons supporting the expansion of the small animal category.
March 2020: BARTA (British Animal Rescue and Trauma Care Association) is collaborating with Smokey Paws to give life-saving care to small animals after calamities and disasters. BARTA has launched a new project called Pre-veterinary Immediate Emergency Care, which is similar to giving humans critical care. In accordance with this plan, BARTA critical care professionals train emergency services to provide a systematic approach to animal care after an incident.
Figure 1: Veterinary Equipment and Disposables Market by Animal Type, 2023 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Veterinary Equipment and Disposables End-User Insights
The veterinary equipment and disposables market segmentation, based on end-user, includes veterinary clinics, veterinary hospitals, research institutes, and others. In 2022, the veterinary hospitals and clinics sector had the majority of the market share for supplies. The extensive range of treatment choices offered in veterinary hospitals and clinics is responsible for the growth. Over the projection period, the research institutes segment is anticipated to expand profitably. The demand for research activities has been sparked by improved critical care treatment choices for small animals and is anticipated to propel the segment throughout the projected period.
Veterinary Equipment and Disposables Regional Insights
By region, the report gives market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American veterinary equipment and disposables market area will dominate this market. This is due to factors like its well-established veterinary healthcare system, rise in companion animals, rising healthcare costs, and emphasis on animal ailments. The region has seen increased veterinary healthcare spending, driving the market's expansion.
Further, the major countries studied in the market report are US, Canada, France, German, Italy, UK, Spain, Japan, China, Australia, India, South Korea, and Brazil.
Figure 2: VETERINARY EQUIPMENT AND DISPOSABLES MARKET SHARE BY REGION 2023 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe’s veterinary equipment and disposables market accounts for the second-largest market share. Improved veterinary healthcare procedures and significant veterinary healthcare issues in the area are some driving the market's expansion. Major competitors in the European industry are also enhancing their market position by utilizing a variety of expansion tactics, including partnerships, mergers, and acquisitions. Further, the German veterinary equipment and disposables market held the major market share, and the UK veterinary equipment and disposables market was the rapidly growing market in the European region.
The Asia-Pacific Veterinary Equipment and Disposables Market are expected to grow at the fastest CAGR from 2023 to 2032 because pet adoption is becoming more popular, animal health awareness is rising, the number of livestock is intensifying, urbanization is advancing, and per capita spending on animal health is rising. The region's market for veterinary equipment and disposables is also predicted to grow due to increased R&D spending by industry participants and veterinary businesses to produce value-added goods. Moreover, China’s veterinary equipment and disposables market held the largest market share, and the Indian veterinary equipment and disposables market was the rapidly growing market in the Asia-Pacific region.
Veterinary Equipment and Disposables Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the veterinary equipment and disposables market, grow even more. To increase their footprint, market participants are also engaging in various strategic actions. Important market developments include introducing new products, mergers and acquisitions, contractual agreements, increased investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the veterinary equipment and disposables industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the veterinary equipment and disposables industry to benefit clients and increase the market sector. In recent years, the veterinary equipment and disposables industry has offered some of the most significant advantages to medicine. Major players in the veterinary equipment and disposables market, including Patterson Companies, Inc., Vetland Medical Sales & Services, Digicare Biomedical Technology Inc, Medtronic, Braun Melsungen AG., and others, are attempting to increase market demand by investing in research and development operations.
EKF Diagnostics Holdings PLC is a medical diagnostics company. The company's main line of business is point-of-care testing and the production of reagents for use in central laboratories. It serves companies in fields such as diabetes, blood banking, and sports medicine. The corporation earns money from its sales in the United States. It also has markets in Germany, Poland, and Russia. In January 2023, EKF Diagnostics announced the release of a new version of its Lactate Scout analyzer designed specifically for veterinary practitioners. This new version is designed to deliver accurate and dependable lactate measures in veterinary settings, allowing practitioners to diagnose and monitor a variety of diseases in animals promptly and efficiently.
Axio is a medtech research, development, and manufacturing company focused on advanced surgical and wound care solutions based on innovative biomaterials. Axio is a medical technology firm specializing in biomaterials-based medical devices for pre-hospital, intra-operative, and post-operative clinical needs. Their primary focus is trauma, surgical, and chronic wound treatment devices. In March 2021, Axio Biosolutions announced the launch of its SureKlot product line in the veterinary wound treatment arena. This sophisticated wound care line provides India's first complete veterinary wound management solution to aid in controlling bleeding and the rapid recovery of animal wounds.
Key Companies in the veterinary equipment and disposables market include
- Braun Melsungen AG
- Digicare Biomedical Technology Inc.
- DRE Medical
- Henry Schein
- Jorgensen Labs
- Medtronic
- Midmark Corporation
- Patterson Companies, Inc.
- Smiths Group plc
- Vetland Medical Sales & Services
Veterinary Equipment and Disposables Industry Developments
March 2021:MTMC Animal Health has collaborated with DVMPro Inc., a prominent distributor of diagnostic veterinary equipment to veterinarians, to build a countrywide sales presence in the veterinary healthcare equipment business. Along with the new collaboration with MTMC Animal Health, DVMPro is introducing two new veterinary equipment lines.
February 2021:FUJIFILM Medical Systems U.S.A., Inc., an internationally recognized supplier of diagnostic imaging and medical informatics solutions and a component of Fujifilm Healthcare, is happy to introduce its first full VXR Veterinary X-Ray Room. This new X-ray room's revolutionary design is aimed at veterinarians who wish to convert to high-quality, low-dose X-rays using an economical, versatile, easy-to-use, and simple-to-install system.
Veterinary Equipment and Disposables Market Segmentation
Veterinary Equipment and Disposables Type Outlook
- Anesthesia Equipment
- Critical Care Consumables
- Temperature Management Equipment
- Fluid Management Equipment
- Patient Monitoring Equipment
- Research Equipment
- Rescue & Resuscitation Equipment
- Others
Veterinary Equipment and Disposables Animal Type Outlook
- Small Animals
- Large Animals
Veterinary Equipment and Disposables End-User Outlook
- Veterinary Clinics
- Veterinary Hospitals
- Research Institutes
- Others
Veterinary Equipment and Disposables Regional Outlook
North America
Europe
Asia-Pacific
Rest of the World
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 2.16 Billion |
| Market Size 2024 |
USD 2.22 Billion |
| Market Size 2032 |
USD 2.71 Billion |
| Compound Annual Growth Rate (CAGR) |
2.51% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Market Competitive Landscape, Revenue Forecast, Growth Factors, and Trends |
| Segments Covered |
Type, Animal Type, and End-User |
| Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered |
US, Canada, France, German, Italy, UK, Spain, Japan, China, Australia, India, South Korea, and Brazil. |
| Key Companies Profiled |
Patterson Companies, Inc., Vetland Medical Sales & Services, Digicare Biomedical Technology Inc, Medtronic, and Braun Melsungen AG. |
| Key Market Opportunities |
Untapped emerging markets |
| Key Market Dynamics |
Rising pet insurance demand and rising animal healthcare expenses |
Veterinary Equipment and Disposables Market Highlights:
Frequently Asked Questions (FAQ) :
The market size of the veterinary equipment and disposables market was prized at USD 2.16 Billion in 2023.
The market is forecast to expand at a CAGR of 2.51% from 2024 to 2032.
North America had the largest share of the market.
The leading players in the market are Patterson Companies, Inc., Vetland Medical Sales & Services, Digicare Biomedical Technology Inc, Medtronic, and Braun Melsungen AG.
The critical care consumables category dominated the market in 2022.
The large animal category had the largest share of the market.
