ID: MRFR/HC/5929-HCR | 160 Pages | Published By Kinjoll Dey on March 2023
Veterinary Equipment and Disposables Market size is expected to register a CAGR of 2.90% and was valued at USD 2.3 Billion.
The Veterinary Equipment and Disposables Market is anticipated to reach USD 2.3 Billion by 2030 at 2.90% CAGR during the forecast period 2022-2030.Veterinary equipment and disposables are needed to treat and diagnose several animal diseases. The Availability of laboratory diagnostic equipment, analyzers, and disposables is used to treat various animal-related diseases. Pet lovers and owners highly value these. It has raised the demand for the veterinary equipment and disposables market. Analysis shows that pet owners spend billions of dollars each year to treat diseases affecting their pets. In recent years Veterinary equipment and disposables have emerged at the fastest pace and added several veterinary products. Although people are getting aware of pet health, lack of animal health, high cost of products, and fewer available products will hamper the market growth in the forecast period. The rising urbanisation will also impact the market in the coming years. People getting attracted to the binary world, which leads to the rise of veterinary professionals, will create beneficial opportunities for the market. Several market players or the region will also have a propelling growth. The increasing investment in research and development is also a reason for the market growth.
The global veterinary equipment and disposables market has been segmented into type, animal type, and end user. The market, based on type, has been segmented into critical care consumables, anesthesia equipment, fluid management equipment, temperature management equipment, research equipment, and rescue and resuscitation equipment. The market, by critical care consumables, has been further segmented into wound management consumables, fluid administration and therapy consumables, airway management consumables, gastroenterology consumables, needles, and others. The market, by anesthesia equipment, has been sub-segmented into anesthesia machines, ventilators, vaporizers, waste gas management systems, gas delivery management systems, and others. The veterinary equipment and disposables market, by research equipment, has been segmented into lab evacuation systems, and induction chambers. The market, by rescue and resuscitation equipment, has been segmented into resuscitation bags, and oxygen masks.
The market, by animal type, has been segmented into small animals and large animals. The market, by end user, has been segmented into veterinary clinics, veterinary hospitals, research institutes, and others.
The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The veterinary equipment and disposables market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada. The European veterinary equipment and disposables Industry has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The veterinary equipment and disposables Industry in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The veterinary equipment and disposables market in the Middle East & Africa has been segmented into the Middle East and Africa.
Geographically, the Americas is expected to dominate the global veterinary equipment and disposables market due to the increasing per capita animal healthcare expenditure. The rise in product innovation, heavy adoption of new technology, and high percentage of tech-savvy owners is anticipated to drive the growth of the market.
Europe showed a considerable amount of growth in the global veterinary equipment and disposables market. The market growth in this region is because of the presence of a well-established healthcare system and increase in insurance coverage for pets. The growth in the number of animal population coupled with the increase in the number of veterinarians is also contributing to the growth in the region. For instance, according to the facts and figures from the Royal College of Veterinary Surgeons, there were about 19,682 practicing surgeons in the UK in 2014.
Asia-Pacific is estimated to be the fastest growing region in the market due to increased pet adoptions and rise in the number of animal welfare programs. According to the India International Pet Trade Fair, the pet population in India grew from 7 million in 2006 to 10 million in 2014.
On the other hand, the Middle East & Africa has the least share of the market due to the low disposable income.
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|Market Size||USD 2.3 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Animal Type and End User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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|
|Key Market Opportunities||
|Key Market Drivers||The market is majorly driven by the increasing prevalence of zoonotic diseases and the increasing expenditure on animal health, both pet and livestock.|
The global veterinary equipment and disposables market is expected to reach a valuation of USD 2.3 Billion by 2030.
The global veterinary equipment and disposables market is expected to exhibit a strong 8.90% CAGR over the forecast period from 2022-2030.
The market is majorly driven by the increasing prevalence of zoonotic diseases and the increasing expenditure on animal health, both pet and livestock.
Leading players in the market include B. Braun Melsungen, DRE Medical, Henry Schein, Medtronic, Smiths Group plc, Patterson Companies Inc., and Midmark Corporation.
The Americas, led by North America, and Europe are the leading regional markets for veterinary equipment and disposables.