Veterinary Equipment and Disposables Market Size, Share and Global Trend By Animal Type (Companion animal, Livestock animal), By Product Type (Critical care consumables, Anesthesia equipment, Fluid management equipment, Temperature management equipment, Rescue & resuscitation equipment), By End-user (Veterinary Hospitals, Veterinary surgical centers) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Animal diseases are a negative constraint to sustained agricultural development and food security and can disrupt the economic benefits of international trade in livestock commodities. Veterinary equipment and disposables have major implications and are critical for human health because of the animal to human transmission of diseases such as rabies, plaque, listeriosis, and query fever.
Veterinary equipment and disposables also prevent the occurrence of human diseases and epidemics such as Ebola, West Nile Encephalitis, scabies and anthrax by early diagnosis and treatment. Some of the epizootic diseases that can be prevented and controlled with diagnosis & treatment with the aid of veterinary equipment and disposables include foot and mouth disease, bluetongue, brucellosis, hemorrhagic septicemia, rift valley fever, and contagious bovine pleuropneumonia.
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The global veterinary equipment and disposables market is anticipated to grow owing to a number of factors such as the increasing incidences of the animal to human disease transmission, increasing prevalence of animal diseases, increase in pet ownership, and increasing awareness of animal health and welfare.
According to the North American Pet Health Insurance Association, in 2017 North America’s pet health insurance domain experienced accelerated growth with premiums crossing approximately US$ 1 billion. In a research study published in Nature, it was estimated that appendicular osteoarthritis-affected 200,000 dogs in the U.K. annually. These factors combined with the other factors are expected to positively drive the market forward.
The factors anticipated to restrain the growth of global veterinary equipment and disposables market are the increasing cost of animal healthcare, lack of animal healthcare awareness in developing markets and a dearth of skilled veterinary professionals in the emerging countries.
Key Players Covered
Some of the major companies that are present in the global veterinary equipment and disposables market are Medtronic, Henry Schein, Inc., DRE Veterinary, 3M, Jorgensen Labs, Midmark Corporation, Smiths Group plc, Shenzhen Mindray Bio-Medical Electronics Co., B. Braun Melsungen AG, and other players.
SEGMENTATION
SEGMENTATION | DETAILS |
By Animal Type | · Companion animal · Livestock animal |
By Product Type | · Critical care consumables · Anesthesia equipment · Fluid management equipment · Temperature management equipment · Rescue & resuscitation equipment · Others |
By End-user | · Veterinary Hospitals · Veterinary surgical centers · Others |
By Geography | · North America (USA and Canada) · Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) · Latin America (Brazil, Mexico and Rest of Latin America) · Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa) |
Among animal type, companion animals are anticipated to account for major share in the global veterinary equipment and disposables market owing to higher adoption of pets and increasing awareness of animal health among pet owners.
Key Insights
- Prevalence of veterinary diseases (key countries)
- Key mergers and acquisition
- New product launches of key players
- Pricing analysis of key players in major countries/regions
Regional Analysis
The global veterinary equipment and disposables market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America followed by Europe are estimated to lead the global veterinary equipment and disposables market due to a number of factors such as the increasing population of pet owners, increasing expenditure on animal health, availability of animal health insurance, raising awareness of veterinary diseases and focus on animal vaccination. In the emerging countries of the Asia Pacific and Latin America, the veterinary equipment market is estimated to be fuelled by the increase in veterinary and zoonotic diseases.
Key Industry Developments
- In February 2016, DRE Veterinary announced the launch of Stationary DR X-ray System, a radiology unit indicated to be used to diagnose diseases in animals
- In February 2019, Covetrus announced the company’s completion of merger with Henry Schein Animal Health and Vets First Choice.
- Ongoing
- 2023
- 2019-2022
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