Abstract
Summary
The global veterinary equipment and supplies market is projected to reach USD 3.2 Billion by 2028 from USD 2.2 Billion in 2023, at a CAGR of 7.1% during the forecast period.
Veterinary equipment and supplies are used in surgeries and the monitoring & treatment of diseases in animals. Growing popularity of pet insurance, Increasing awareness of the importance of animal welfare, Increasing prevalence of chronic diseases in animals are some of the key growth drivers for the global veterinary equipment and supplies market.
Surgical application segment accounted for the largest share of the global veterinary equipment and supplies market
Using veterinary surgery, veterinary surgeons perform operations on animals. Most general practise veterinarians do in routine surgery, such as mass excisions and neuters, however some of them perform additional procedures. The need for early diagnosis of animal injuries and disorders, the rise in the number of veterinary practitioners in developed countries, rising demand for advanced veterinary care, the growing number of pet owners worldwide, rising costs associated with animal healthcare are all anticipated to fuel the growth of the veterinary equipment and supplies market for surgical application.
Veterinary hospitals is fastest growing segment in Veterinary equipment and supplies market
In veterinary hospitals, equipment is widely used for various applications, including anesthetic medication, respiratory support, temperature management, and fluid management in animals. Veterinary hospitals provide full-service offerings ranging from emergency vet care to medical, surgical, and dental services. These facilities also offer state-of-the-art services and an in-house pharmacy with access to specialists, making the veterinary facility a one-stop shop for an animal's health and medical needs. Hence, Veterinary hospitals is fastest growing segment in Veterinary equipment and supplies market.
US accounted for highest market share in north america veterinary equipment and supplies market
Veterinary equipment have high demand in US due to growing need for enhanced veterinary treatment, the increasing prevalence of chronic diseases in animals, and an increasing awareness of the significance of animal welfare. The veterinary healthcare infrastructure in the United States is highly developed, containing a large number of veterinary clinics, hospitals, and diagnostic imaging facilities. Veterinary equipment and supplies are needed in large quantities for this system to function. With more than 70 million homes having pets, the US has one of the highest pet ownership rates in the world. The need for veterinary equipment is driven by the increased demand for veterinary services.
Following is a list of the major players (supply-side) in the Veterinary equipment and supplies Market that this study refers to: By Company Type: Tier 1- 34%, Tier 2- 46%, and Tier 3- 20% By Designation: C-level- 35%, Director Level—25%, and Others- 40% By Region: North America-30%, Europe-45%, Asia Pacific-20%, Latin America- 3%, and Middle East and Africa-2% Several of the major companies in the market for Veterinary Equipment and Supplies Market includes Covetrus Inc. (US), B. Braun Vet Care GmbH (Germany), BD Animal Health (US), ICU Medical, Inc. (US), Midmark Corporation (US), Cardinal Health (US), Neogen Corporation (US), Integra LifeSciences (US), Shenzhen Mindray animal medical technology co., ltd. (China), Masimo Corporation (US), Avante Animal Health (US), RWD Life Science Co., ltd (China), Eickemeyer (Germany), Bionet America, Inc (South Korea), Jorgensen Laboratories (US),
Research Coverage:
The veterinary equipment and supplies market report categorizes By Type (Critical Care Consumables, Anesthesia Equipment, Fluid Management Equipment, Temperature Management Equipment, Patient Monitoring Equipment, Research Equipment, Rescue & Resuscitation Equipment), By Application (Surgical Application, Diagnosis, Monitoring, And Therapy), By Technology level (Basic Equipment, Advanced Equipment, Cutting Edge Equipment), By Animal Type (Small Companion Animals, Large Animals, Others), By End user (Veterinary Clinics, Veterinary Hospitals, Veterinary Research Institutes, Veterinary Laboratories, Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of veterinary equipment and supplies market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the veterinary equipment and supplies market.
Reasons to buy this report:
The report will help the market leaders or new entrants in this market with information on the closest approximations of the revenue numbers for the overall veterinary equipment and supplies market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Growth in the companion animal population, Growing demand for pet insurance and rising animal health expenditure, Growing number of veterinary practitioners), restraints (Rising pet care costs) opportunities (Untapped emerging economies), and challenges (Lack of animal healthcare awareness in emerging countries, Shortage of veterinary practitioners in developing countries) influencing the growth of the Veterinary equipment and supplies market.
Product Development/innovation: Comprehensive details on new technologies, R&D initiatives, and product and service launches for Veterinary equipment and supplies market.
Market Development: Comprehensive data on attractive markets, and the research analyzes the global Veterinary equipment and supplies market.
Market Diversification: Detailed information on emerging products and services, unexplored regions, current trends, and investments in the Veterinary equipment and supplies market.
Competitive Assessment: Comprehensive analysis of market shares, growth plans, and service offerings of major companies operating in the Veterinary equipment and supplies market like Covetrus Inc. (US), B. Braun Vet Care GmbH (Germany), BD Animal Health (US), ICU Medical, Inc. (US), Midmark Corporation (US), Cardinal Health (US), Neogen Corporation (US), Integra LifeSciences (US), Shenzhen Mindray animal medical technology co., ltd. (China), Masimo Corporation (US), Avante Animal Health (US), RWD life science co., ltd (China), Eickemeyer (Germany), Bionet America, Inc (South Korea), Jorgensen Laboratories (US), Nonin Medical (US), Digicare Animal Health (US), Hallowell Engineering And Manufacturing Corporation (US), Grady Medical (US), Mila International Inc. (US), Burtons Medical Equipment Ltd (UK), Vetronic Services Ltd (UK), Advances Veterinary (UK), New Gen Medical Systems (India), Dispomed (Canada)
Table of Contents
1 INTRODUCTION 54
1.1 STUDY OBJECTIVES 54
1.2 MARKET DEFINITION 54
1.2.1 TYPE DEFINITION 55
1.2.2 APPLICATION DEFINITION 55
1.2.3 TECHNOLOGY DEFINITION 56
1.2.4 ANIMAL TYPE DEFINITION 56
1.2.5 END-USER DEFINITION 56
1.2.6 INCLUSIONS AND EXCLUSIONS 57
1.3 MARKET SEGMENTATION 58
1.3.1 MARKETS COVERED 58
1.3.2 YEARS CONSIDERED 59
1.4 CURRENCY CONSIDERED 59
1.5 STAKEHOLDERS 60
1.6 SUMMARY OF CHANGES 60
1.7 RECESSION IMPACT 61
2 RESEARCH METHODOLOGY 62
2.1 RESEARCH DATA 62
2.1.1 SECONDARY DATA 63
- 2.1.1.1 Key data from secondary sources 64
2.1.2 PRIMARY DATA 65
- 2.1.2.1 Key data from primary sources 66
- 2.1.2.2 Key industry insights 67
2.2 MARKET SIZE ESTIMATION 69
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 75
2.4 STUDY ASSUMPTIONS 76
2.4.1 MARKET SHARE ESTIMATION 76
2.4.2 RESEARCH ASSUMPTIONS 76
2.5 RISK ASSESSMENT 76
2.6 LIMITATIONS 77
2.6.1 METHODOLOGY-RELATED LIMITATIONS 77
2.6.2 SCOPE-RELATED LIMITATIONS 77
2.7 RECESSION IMPACT ANALYSIS 77
3 EXECUTIVE SUMMARY 78
4 PREMIUM INSIGHTS 83
4.1 VETERINARY EQUIPMENT AND SUPPLIES MARKET OVERVIEW 83
4.2 ASIA PACIFIC: VETERINARY EQUIPMENT AND SUPPLIES MARKET, BY END USER 84
4.3 VETERINARY EQUIPMENT AND SUPPLIES MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 85
4.4 VETERINARY EQUIPMENT AND SUPPLIES MARKET: REGIONAL MIX 86
4.5 VETERINARY EQUIPMENT AND SUPPLIES MARKET: DEVELOPED VS. EMERGING ECONOMIES 86
5 MARKET OVERVIEW 87
5.1 INTRODUCTION 87
5.2 MARKET DYNAMICS 87
5.2.1 DRIVERS 88
- 5.2.1.1 Growing companion animal population 88
- 5.2.1.2 Growing demand for pet insurance and rising animal health expenditure 89
- 5.2.1.3 Growing number of veterinary practitioners 91
5.2.2 RESTRAINTS 91
- 5.2.2.1 Rising pet care costs 91
- 5.2.2.2 High cost of veterinary equipment 91
5.2.3 OPPORTUNITIES 92
- 5.2.3.1 Untapped emerging markets 92
5.2.4 CHALLENGES 93
- 5.2.4.1 Lack of animal healthcare awareness in emerging countries 93
- 5.2.4.2 Shortage of veterinary practitioners in developing countries 93
5.3 INDUSTRY TRENDS 94
5.3.1 GROWING SCALE OF VETERINARY BUSINESSES 94
5.3.2 TELEMEDICINE AND REMOTE MONITORING EQUIPMENT 94
5.4 TARIFF AND REGULATORY ANALYSIS 95
5.4.1 TARIFF RELATED TO VETERINARY EQUIPMENT AND SUPPLIES 95
5.4.2 REGULATORY ANALYSIS 95
- 5.4.2.1 US 95
- 5.4.2.2 Europe 96
5.4.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
5.5 ECOSYSTEM ANALYSIS 99
5.6 VALUE CHAIN ANALYSIS 100
5.7 SUPPLY CHAIN ANALYSIS 101
5.8 TECHNOLOGY ANALYSIS 102
5.8.1 ADOPTION OF BIG DATA AND ANIMAL WEARABLE DEVICES 102
5.8.2 AI INTEGRATION IN VETERINARY CARE AND EQUIPMENT 103
5.9 PORTER’S FIVE FORCE ANALYSIS 103
5.9.1 THREAT OF NEW ENTRANTS 104
5.9.2 THREAT OF SUBSTITUTES 104
5.9.3 BARGAINING POWER OF SUPPLIERS 104
5.9.4 BARGAINING POWER OF BUYERS 104
5.9.5 INTENSITY OF COMPETITIVE RIVALRY 104
5.10 PATENT ANALYSIS 105
5.10.1 PATENT PUBLICATION TRENDS FOR VETERINARY EQUIPMENT AND SUPPLIES 105
5.11 TRADE ANALYSIS 107
5.12 KEY CONFERENCES & EVENTS DURING 2022-2024 108
5.13 KEY STAKEHOLDERS & BUYING CRITERIA 109
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 109
5.13.2 BUYING CRITERIA 110
5.14 PRICING ANALYSIS 111
5.14.1 AVERAGE SELLING PRICE TREND, BY REGION 111
5.15 REIMBURSEMENT SCENARIO IN VETERINARY EQUIPMENT AND SUPPLIES MARKET 112
5.16 UNMET NEEDS IN VETERINARY EQUIPMENT AND SUPPLIES MARKET 112
5.16.1 END-USER EXPECTATIONS IN VETERINARY EQUIPMENT AND SUPPLIES MARKET 113
6 VETERINARY EQUIPMENT AND SUPPLIES MARKET, BY TYPE 114
6.1 INTRODUCTION 115
6.2 CRITICAL CARE CONSUMABLES 115
6.2.1 WOUND MANAGEMENT CONSUMABLES 117
- 6.2.1.1 High cases of trauma accidents to drive market 117
6.2.2 FLUID ADMINISTRATION AND THERAPY CONSUMABLES 119
- 6.2.2.1 High demand for fluid therapy in veterinary practices to boost market 119
6.2.3 AIRWAY MANAGEMENT CONSUMABLES 120
- 6.2.3.1 Growing use of airway management consumables during anesthetic procedures to support market 120
6.2.4 GASTROENTEROLOGY CONSUMABLES 121
- 6.2.4.1 Rising need for enteral nutrition in various surgeries to drive demand 121
6.2.5 NEEDLES 123
- 6.2.5.1 Increasing incidence of zoonotic diseases to propel market 123
6.2.6 REPRODUCTION CONSUMABLES 125
- 6.2.6.1 Growing demand for artificial breeding in livestock to drive market 125
6.2.7 UROLOGY CONSUMABLES 126
- 6.2.7.1 Rising focus on postoperative care in hospitals to support market growth 126
6.2.8 ACCESSORIES FOR CONSUMABLES 127
6.3 ANESTHESIA EQUIPMENT 128
6.3.1 ANESTHESIA MACHINES 130
- 6.3.1.1 Introduction of advanced features in anesthesia machines to fuel adoption 130
6.3.2 VENTILATORS 132
- 6.3.2.1 Increasing prevalence of respiratory diseases in animals to drive adoption 132
6.3.3 VAPORIZERS 133
- 6.3.3.1 Ability of anesthetic vaporizers to provide accurate amounts of anesthetic gas to support adoption 133
6.3.4 WASTE GAS MANAGEMENT SYSTEMS 134
- 6.3.4.1 Growing need of effective ventilation systems to control waste gas exposure to volatile agents to boost market 134
6.3.5 GAS DELIVERY MANAGEMENT SYSTEMS 136
- 6.3.5.1 Growing use with anesthetic machines to drive growth 136
6.4 FLUID MANAGEMENT EQUIPMENT 137
6.4.1 LARGE-VOLUME INFUSION PUMPS 139
- 6.4.1.1 Ability to deliver fluids in emergency conditions to boost demand 139
6.4.2 SYRINGE PUMPS 140
- 6.4.2.1 Growing use in chemotherapy and pediatric applications in animals to fuel growth 140
6.5 TEMPERATURE MANAGEMENT EQUIPMENT 142
6.5.1 PATIENT WARMING SYSTEMS 143
- 6.5.1.1 Convection warming systems 145
- 6.5.1.1.1 Growing demand to decrease risk of adverse outcomes to aid growth 145
- 6.5.1.2 Conduction warming systems 146
- 6.5.1.2.1 Growing use for prevention of hypothermia to favor market growth 146
- 6.5.1.1 Convection warming systems 145
6.5.2 FLUID WARMERS 147
- 6.5.2.1 Ability to minimize thermal stress and maintain thermal homeostasis to boost market 147
6.6 PATIENT MONITORING EQUIPMENT 148
6.6.1 INCREASING VETERINARY HEALTH AWARENESS TO DRIVE MARKET 148
6.7 RESEARCH EQUIPMENT 150
6.7.1 LAB EVACUATION SYSTEMS 152
- 6.7.1.1 Growing use to remove exposed anesthetic gases for safety of research personnel to fuel growth 152
6.7.2 INDUCTION CHAMBERS 153
- 6.7.2.1 Rising number of research activities on small animals to propel market 153
6.8 RESCUE & RESUSCITATION EQUIPMENT 154
6.8.1 RESUSCITATION BAGS 155
- 6.8.1.1 Growing use for emergency artificial respiration to propel market 155
6.8.2 OXYGEN MASKS 156
- 6.8.2.1 Growing use for animals with respiratory diseases to support growth 156
7 VETERINARY EQUIPMENT AND SUPPLIES MARKET, BY APPLICATION 158
7.1 INTRODUCTION 159
7.2 SURGICAL APPLICATIONS 159
7.2.1 SOFT TISSUE SURGERY 161
- 7.2.1.1 Improved healing time and reduced scarring associated with veterinary soft tissue surgery to drive market 161
7.2.2 STERILIZATION SURGERY 162
- 7.2.2.1 Growing need to control overpopulation of pets to support market growth 162
7.2.3 GYNECOLOGY & UROLOGY SURGERY 163
- 7.2.3.1 Growing preference for cesarean sections in animals to favor market growth 163
7.2.4 DENTAL SURGERY 164
- 7.2.4.1 Growing demand for dental surgeries for canines, equines, and felines to aid growth 164
7.2.5 ORTHOPEDIC SURGERY 165
- 7.2.5.1 Growing demand for orthopedic surgery for conditions involving musculoskeletal system to boost market 165
7.2.6 OPHTHALMIC SURGERY 166
- 7.2.6.1 Growing number of eye surgeries to treat cataracts and corneal damage to drive growth 166
7.2.7 OTHER SURGICAL APPLICATIONS 167
7.3 DIAGNOSIS, MONITORING, AND THERAPY 169
7.3.1 TECHNOLOGICAL ADVANCEMENTS TO DRIVE MARKET GROWTH 169
8 VETERINARY EQUIPMENT AND SUPPLIES MARKET, BY TECHNOLOGY 171
8.1 INTRODUCTION 172
8.2 BASIC EQUIPMENT 172
8.2.1 ABILITY TO PROVIDE SAFE AND EFFECTIVE CARE TO ANIMALS AT AFFORDABLE COST TO DRIVE DEMAND 172
8.3 ADVANCED EQUIPMENT 173
8.3.1 HIGH PRICE AND COMPLEXITY TO HAMPER MARKET GROWTH 173
8.4 CUTTING-EDGE EQUIPMENT 174
8.4.1 GROWING DEMAND FOR SPECIALIZED VETERINARY CARE TO DRIVE MARKET 174
9 VETERINARY EQUIPMENT AND SUPPLIES MARKET, BY ANIMAL TYPE 176
9.1 INTRODUCTION 177
9.2 SMALL COMPANION ANIMALS 177
9.2.1 DOGS 179
- 9.2.1.1 Most widely adopted companion animals-key factor driving market growth 179
9.2.2 CATS 180
- 9.2.2.1 Rising disease prevalence among cats to drive market 180
9.2.3 OTHER SMALL COMPANION ANIMALS 181
9.3 LARGE ANIMALS 182
9.3.1 EQUINE 183
- 9.3.1.1 Growing equine population to support market growth 183
9.3.2 BOVINE AND OTHER FARM ANIMALS 184
- 9.3.2.1 Growing demand for animal-derived food to drive market 184
9.4 OTHER ANIMALS 186
10 VETERINARY EQUIPMENT AND SUPPLIES MARKET, BY END USER 188
10.1 INTRODUCTION 189
10.2 VETERINARY CLINICS 189
10.2.1 INCREASING NUMBER OF PRIVATE CLINICAL PRACTICES TO DRIVE MARKET 189
10.3 VETERINARY HOSPITALS 190
10.3.1 GROWTH IN PET CARE EXPENDITURE TO DRIVE MARKET 190
10.4 VETERINARY LABORATORIES 191
10.4.1 RISING VETERINARY RESEARCH FOR PETS AND FARM ANIMALS TO DRIVE MARKET 191
10.5 VETERINARY RESEARCH INSTITUTES 192
10.5.1 GROWING RESEARCH FOR DISEASE DIAGNOSTICS IN ANIMALS TO DRIVE GROWTH 192
10.6 OTHER END USERS 194
11 VETERINARY EQUIPMENT AND SUPPLIES MARKET, BY REGION 195
11.1 INTRODUCTION 196
11.2 NORTH AMERICA 197
11.2.1 NORTH AMERICA: RECESSION IMPACT 197
11.2.2 US 204
- 11.2.2.1 Rising pet population to drive demand for veterinary equipment 204
11.2.3 CANADA 210
- 11.2.3.1 Rising pet adoption rate to drive market 210
11.3 EUROPE 217
11.3.1 EUROPE: RECESSION IMPACT 217
11.3.2 GERMANY 225
- 11.3.2.1 Germany to dominate European market 225
11.3.3 UK 231
- 11.3.3.1 Increasing pet ownership to drive market growth 231
11.3.4 FRANCE 238
- 11.3.4.1 Rising cases of zoonotic diseases to drive market 238
11.3.5 ITALY 244
- 11.3.5.1 Growing livestock population and rising awareness to support market growth 244
11.3.6 SPAIN 251
- 11.3.6.1 Increasing animal healthcare expenditure to drive market growth 251
11.3.7 REST OF EUROPE 257
11.4 ASIA PACIFIC 264
11.4.1 ASIA PACIFIC: RECESSION IMPACT 264
11.4.2 CHINA 272
- 11.4.2.1 China to dominate APAC market 272
11.4.3 JAPAN 278
- 11.4.3.1 Rising demand for imported breeds to drive market 278
11.4.4 INDIA 285
- 11.4.4.1 Rising livestock population and growing awareness to boost market growth 285
11.4.5 AUSTRALIA 291
- 11.4.5.1 Rising livestock animal population and increasing pet ownership to support market growth 291
11.4.6 SOUTH KOREA 297
- 11.4.6.1 Increasing demand for preventive care and aging pet population to drive market 297
11.4.7 REST OF ASIA PACIFIC 303
11.5 LATIN AMERICA 310
11.5.1 LATIN AMERICA: RECESSION IMPACT 310
11.5.2 BRAZIL 316
- 11.5.2.1 Brazil to dominate LATAM market 316
11.5.3 MEXICO 322
- 11.5.3.1 Rising demand for animal-derived food products to contribute to market growth 322
11.5.4 REST OF LATIN AMERICA 328
11.6 MIDDLE EAST & AFRICA 335
11.6.1 AVAILABILITY OF FUNDING TO PROMOTE ANIMAL HEALTHCARE 335
11.6.2 MIDDLE EAST & AFRICA: RECESSION IMPACT 335
12 COMPETITIVE LANDSCAPE 342
12.1 INTRODUCTION 342
12.2 KEY STRATEGIES/RIGHT TO WIN 342
12.3 REVENUE SHARE ANALYSIS 344
12.4 MARKET SHARE ANALYSIS 345
12.5 COMPANY EVALUATION MATRIX 346
12.5.1 STARS 346
12.5.2 EMERGING LEADERS 346
12.5.3 PERVASIVE PLAYERS 346
12.5.4 PARTICIPANTS 347
12.5.5 COMPANY FOOTPRINT 348
12.6 START-UP/SME EVALUATION MATRIX 355
12.6.1 PROGRESSIVE COMPANIES 355
12.6.2 RESPONSIVE COMPANIES 355
12.6.3 DYNAMIC COMPANIES 355
12.6.4 STARTING BLOCKS 355
12.6.5 COMPETITIVE BENCHMARKING 356
12.7 COMPETITIVE SCENARIOS AND TRENDS 357
12.7.1 KEY DEALS 357
12.7.2 KEY PRODUCT LAUNCHES 358
13 COMPANY PROFILES 359
13.1 KEY PLAYERS 359
13.1.1 B. BRAUN VET CARE GMBH 359
13.1.2 COVETRUS, INC 365
13.1.3 BD ANIMAL HEALTH 369
13.1.4 CARDINAL HEALTH 372
13.1.5 ICU MEDICAL INC 376
13.1.6 MIDMARK CORPORATION 381
13.1.7 NEOGEN CORPORATION 383
13.1.8 INTEGRA LIFESCIENCES 386
13.1.9 SHENZHEN MINDRAY ANIMAL MEDICAL TECHNOLOGY CO., LTD 389
13.1.10 MASIMO CORPORATION 391
13.1.11 AVANTE ANIMAL HEALTH 393
13.1.12 RWD LIFE SCIENCE CO., LTD 395
13.1.13 EICKEMEYER 396
13.1.14 BIONET AMERICA, INC 398
13.1.15 JORGENSEN LABORATORIES 399
13.2 OTHER PLAYERS 401
13.2.1 NONIN MEDICAL 401
13.2.2 DIGICARE ANIMAL HEALTH 401
13.2.3 HALLOWELL ENGINEERING & MANUFACTURING CORP 402
13.2.4 GRADY MEDICAL 402
13.2.5 MILA INTERNATIONAL, INC 403
13.2.6 BURTONS MEDICAL EQUIPMENT LTD 404
13.2.7 VETRONIC SERVICES LTD 405
13.2.8 ADVANCIS VETERINARY LTD 406
13.2.9 NEW GEN MEDICAL 407
13.2.10 DISPOMED VETERINARY EQUIPMENT 408
14 APPENDIX 410
14.1 DISCUSSION GUIDE 410
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 415
14.3 CUSTOMIZATION OPTIONS 417
14.4 RELATED REPORTS 418
14.5 AUTHOR DETAILS 419