Veterinary Equipment and Disposables Trends and Forecast
The future of the global veterinary equipment and disposables market looks promising with opportunities in the surgical (gynecology, dental) and diagnosis markets. The global veterinary equipment and disposables market is expected to reach an estimated $3.77 billion by 2030 with a CAGR of 8.0% from 2024 to 2030. The major drivers for this market are increase in animal adoption, rising instances of animal diseases, and heightened concern for animal well-being have all contributed to the growing awareness and focus on animal health.
• Lucintel forecasts that, within the animal category, companion is expected to witness a higher growth over the forecast period due to increasing disposable incomes-which enabled owners to spend more on pet care.
• Within the application category, diagnosis will remain a larger segment due to increasing disposable incomes-which enabled owners to spend more on pet care.
• In terms of regions, North America is expected to witness the highest growth over the forecast period due to increasing number of companion animals, and high number of livestock animals in North America.
Gain valuable insights for your business decisions with our comprehensive 150+ page report.
Emerging Trends in the Veterinary Equipment and Disposables Market
Technological advancements, regulatory changes, and shifts in customer behavior are some of the factors leading to a constantly evolving veterinary equipment and disposables market. It is clear that emerging trends define how veterinary services are delivered, aiming at improving diagnostic precision, the effectiveness of therapy practices, and maintaining the general welfare of animals. Therefore, companies must be conversant with these emerging trends to remain competitive and meet new demands in this field.
• Merge Telemedicine and Remote Diagnostics Integration: Revolutionizing veterinary medicine is the integration of telemedicine and remote diagnostics. Veterinary doctors can have virtual consultations, access diagnostic data remotely, and offer follow-up care without necessarily meeting clients physically via telemedicine. This trend is driven by a desire for more accessible and convenient care, especially in underserved areas. Through advanced imaging and monitoring technologies, remote diagnostics enable timely and accurate diagnoses. The implementation of these technologies has helped improve patient outcomes while increasing access to veterinary services.
• Progress in Diagnostic Imaging Technologies: Advances in diagnostic imaging technology have improved veterinary care efficiency. High-resolution ultrasound, MRI scans, and CT scanners give veterinarians better images that enhance diagnosis accuracy. Early recognition of diseases and more precise therapy planning are facilitated by these tools, which can detect conditions at an earlier stage and create individualized treatment plans. With increased affordability, many veterinary practices are incorporating these tools to enhance care for patients who require specialized diagnostic tools, leading to positive changes in their health.
• Increasing Prevalence of Disposable and Single-Use Products: The rising prevalence of disposable and single-use products is a major trend in the veterinary market. This includes syringes, gloves, and diagnostic kits, which are convenient to use and lower cross-infection risks. Additionally, there is an increased demand for disposable items due to the growing emphasis on infection control and hygiene in veterinary practices. Moreover, the need for preventive care has increased the use of single-use commodities, which make procedures more streamlined and cleaner.
• Emphasis on Preventive and Wellness Care: The focus on preventive and wellness care drives the veterinary equipment and disposables market. Veterinarians are increasingly adopting proactive health management approaches aimed at preventing diseases by improving overall animal health. These trends increase demand for diagnostic tools and disposables supporting routine check-ups, vaccinations, and early disease detection. This is leading to innovations in wellness-oriented veterinary products driven by growing awareness among pet owners about the importance of prevention, resulting in considerable growth in these markets.
• Embracing Smart Technologies and Digital Health Solutions: The veterinary sector is undergoing transformation through the adoption of smart technologies and digital health solutions. Examples include wearables, EMRs, and AI-based diagnostic tools that improve the efficiency and effectiveness of veterinary practices. Smart technologies allow for real-time monitoring of animal health status, data-oriented decision-making, and simplified practice management. This integration enhances communication between pet owners and veterinarians, improves patient care, and drives growth in the veterinary equipment and disposables market.
The veterinary equipment and disposables industry continues to redefine itself with emerging trends, such as the integration of telemedicine, advances in diagnostic imaging, the rise of disposable products, a focus on preventive medicine, and the use of smart technology. These trends are transforming how care is delivered, innovating processes, and expanding access to veterinarians. In other words, these changes will shape future practices in the veterinary industry as technology advances and market conditions evolve.
Recent Developments in the Veterinary Equipment and Disposables Market
Recent trends in the veterinary equipment and disposables market highlight the continuous changes and developments occurring within this industry. These advancements reflect how technological improvements, consumer trends, and regulatory frameworks are influencing animal healthcare. This section identifies five major developments shaping the market and changing models of service delivery by veterinarians.
• Enhanced Diagnostic Imaging Capabilities: One significant development in the veterinary sector is the enhancement of diagnostic imaging capabilities. The introduction of high-resolution ultrasound, MRI, and CT scanners is improving diagnostic accuracy and enabling more precise treatment plans. These modern imaging techniques provide detailed information on an animal’s health, allowing for early disease detection and better disease control. With improved patient care and outcomes, the adoption of these tools is expected to continue increasing due to their greater accessibility and affordability in veterinary practices.
• Emergence of Telemedicine and Remote Monitoring: The veterinary landscape is changing with the increase in telemedicine and remote monitoring. Telemedicine platforms allow veterinarians to hold virtual consultations and access diagnostic data remotely. Remote monitoring tools enable continuous tracking of animal health indicators, such as heart rate or activity levels. These advances expand access to veterinary care in remote or underserved locations while enhancing the convenience and efficiency of services.
• Enhanced Emphasis on Infection Control and Hygiene: A higher focus on infection control and hygiene has led to an increased demand for disposable items in veterinary practices. Gloves, syringes, and diagnostic kits are used more frequently to reduce the risk of infection transmission between animals, maintaining the highest level of cleanliness possible. This demand is driven by the need for sterility and the prevention of infections, particularly in high-volume settings or high-risk situations.
• Adoption of Smart Technologies in Veterinary Care: Digital health solutions and AI-powered devices are reshaping the veterinary field with the adoption of smart technologies. For example, wearable health monitors and electronic medical records (EMRs) are enhancing efficiency and precision in veterinary practices. These AI-powered diagnostic tools improve diagnostic accuracy and provide better decision-making support and personalized care services. This leads to improved patient management and practice operations, which contributes to the growth of the veterinary equipment and disposables market.
• Expansion of Veterinary Product Offerings: A significant development in this industry is the expansion of veterinary product offerings. Companies are providing a wider variety of equipment and disposables that cater to different needs in animal care. These products include high-end surgical instruments, diagnostic tools like microscopic slides, reagents, and specialty disposables designed for specific animals. The increased demand for specialized and premium-quality veterinary products has necessitated this expansion, addressing the changing health challenges faced by both companion and livestock animals.
The veterinary equipment and disposables market is experiencing significant changes due to several recent advancements, such as the increase in advanced diagnostic imaging technology, telemedicine growth, emphasis on infection control, the introduction of smart technologies, and expanded product ranges. These developments are improving the quality of veterinary care and allowing for expanded services, which contributes to overall market growth. These changes will be crucial in shaping the future direction of veterinary practices as the industry continues to evolve.
Strategic Growth Opportunities for Veterinary Equipment and Disposables Market
Expanding into emerging markets presents a significant growth opportunity in the veterinary equipment and disposables market. Veterinary care is growing rapidly in countries like India and China, driven by increasing pet ownership and improved animal health infrastructure. Companies entering these markets will benefit from the rising demand for modernized veterinary products and services. By aligning product offerings with the specific needs of these emerging markets and establishing local partnerships, companies can enhance their market penetration and drive growth.
• Development of Advanced Diagnostic Tools: The development of advanced diagnostic tools presents a major opportunity for expansion. New imaging technologies, such as high-resolution ultrasound and MRI, have improved diagnostics and treatment outcomes. Cutting-edge diagnostic tools must be developed to meet the increasing demand for accurate, timely diagnoses, which companies can use to address the changing requirements for state-of-the-art diagnostic equipment. Additionally, integrating machine learning and AI into diagnostic tools will enhance their capabilities, attracting veterinary practices that want to increase diagnostic speed and accuracy.
• Focusing on Preventive Care and Wellness Products: The growth of e-commerce and online sales channels presents a strategic opportunity for expanding veterinary products. As consumers increasingly turn to online platforms to purchase healthcare products, companies can use e-commerce to enhance market penetration and generate sales. To capitalize on this opportunity, companies need to develop user-friendly online platforms, optimize digital marketing strategies, and ensure efficient logistics. These e-commerce operations can also distribute veterinary disposables and equipment to remote or underserved regions.
• Focus on Preventive Care and Wellness Products: A growing opportunity in the veterinary market is focusing on preventive care and wellness products. The demand for preventive care products, such as diagnostic kits, has increased due to a shift toward proactive health management, with pet owners taking their pets for routine check-ups. Companies can benefit by offering various wellness-oriented product lines, including diagnostic kits, supplements, and preventive treatments. By supporting overall animal health, the development of these products will expand the market and educate pet owners about the benefits of preventive care.
• Digital Health Solutions Integration: Integrating digital health solutions into veterinary practices presents a substantial growth opportunity. Technologies like electronic medical records, telemedicine platforms, and wearable health monitors are becoming essential in veterinary care. Providers of digital health solutions can meet the growing demand for technology-enabled veterinary services by offering tools to manage practices, enable remote consultations, and facilitate real-time health monitoring. This will foster growth and enhance service delivery.
These strategic opportunities, including expansion into emerging markets, development of advanced diagnostic tools, e-commerce growth, focus on preventive care, and integration of digital health solutions, allow companies to improve their presence in the market and increase their service offerings. By leveraging these opportunities, companies can expand market share, improve animal care standards, and meet changing customer needs in the veterinary sector.
Veterinary Equipment and Disposables Market Driver and Challenges
The veterinary equipment and disposables market is shaped by several drivers and challenges, including technological advancements, consumer dynamics, economic conditions, and regulatory requirements. Understanding these drivers and challenges is essential for stakeholders to participate effectively in the market and capitalize on available opportunities.
The factors responsible for driving the veterinary equipment and disposables market include:
• Technological Advancements: Technological advancements are a major driver for the veterinary equipment and disposables market. New inventions, such as advanced diagnostic imaging, smart technologies, and digital health solutions, have improved veterinary care performance. These advancements enhance diagnostic accuracy, streamline practice management, and improve patient outcomes. Companies investing in new technologies will remain competitive and meet emerging demands from veterinary practices, leading to an increase in market size.
• Increased Pet Ownership and Livestock Care: The growing trend of pet ownership globally, coupled with increasing awareness about animal welfare, is fueling the demand for better veterinary care. This has led to increased spending on pet healthcare products and services. Additionally, the need for veterinary care in the livestock sector, particularly in emerging markets, is also growing. This growing demand for veterinary services creates a favorable market environment.
• Rising Focus on Preventive Care: As preventive care becomes more widely recognized, the demand for products related to diagnostic tests, vaccines, and supplements is on the rise. Preventive care helps reduce long-term healthcare costs and is gaining traction among pet owners. This demand drives the market for veterinary disposables that are necessary for routine check-ups, disease detection, and treatment planning.
Despite the positive market drivers, the veterinary equipment and disposables market also faces challenges:
• Regulatory Barriers: Strict regulatory requirements and the need for product certification pose significant challenges to companies in this industry. Navigating the regulatory landscape can be complex and costly, particularly when entering new geographic markets. Companies must adhere to local regulations to ensure the safety and efficacy of their products.
• Cost of Advanced Equipment: The high cost of advanced diagnostic equipment and disposable products poses challenges for small veterinary practices, particularly in emerging markets. The affordability of equipment and disposables can limit their adoption, hindering growth in specific regions.
• Supply Chain Disruptions: The veterinary equipment and disposables market can also be affected by global supply chain disruptions. Manufacturing and transportation delays, often caused by geopolitical factors, can cause shortages or inflated costs, impacting product availability and pricing.
The veterinary market is influenced by several key drivers, such as technological advancements, increased pet ownership, and a focus on preventive care. However, challenges such as regulatory constraints, high equipment costs, and supply chain disruptions need to be carefully managed to ensure sustained market growth. Companies that can address these challenges will be better positioned to succeed in the evolving landscape.
List of Veterinary Equipment and Disposables Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies veterinary equipment and disposables companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the veterinary equipment and disposables companies profiled in this report include-
• Shenzhen Mindray Bio-Medical Electronics
• Smiths Medical
• Nonin Medical
• Digicare Biomedical
• Covetrus
• B. Braun Melsungen
• DRE Veterinary
• Vetland Medical Sales and Services
• Midmark Corporation
• Jorgensen Labs
Veterinary Equipment and Disposables by Segment
The study includes a forecast for the global veterinary equipment and disposables by animal, type, application, and region.
Veterinary Equipment and Disposables Market by Animal [Analysis by Value from 2018 to 2030]:
• Companion
• Bovines
Veterinary Equipment and Disposables Market by Type [Analysis by Value from 2018 to 2030]:
• Consumables
• Patient Monitors
• Anesthesia
• Infusion Pumps
Veterinary Equipment and Disposables Market by Application [Analysis by Value from 2018 to 2030]:
• Surgical (Gynecology, Dental)
• Diagnosis
Veterinary Equipment and Disposables Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Veterinary Equipment and Disposables Market
The veterinary equipment and disposables market is rapidly changing as it adapts to technological advancement, increased pet ownership, and a greater awareness of animal health. It is composed of various diagnostic tools, surgical instruments, and disposable items used in the treatment of domestic animals. Technological advancements in veterinary medicine have altered the provision of healthcare services through innovative methods that enhance diagnostics, treatments as well as animal welfare. The respective regulatory environments, healthcare systems, and improved technology in these major markets like China USA India Germany and Japan are distinctively shaping their developments. This summary will touch on newer trends within them indicating how they may change in future with regard to the provision of animal care.
• United States: In the USA, the veterinary equipment and disposables market has seen remarkable progress of late primarily due to technological advancements and a concentration on good health care. The use of telemedicine as well as remote diagnostics have become more common over time, making it possible for vets to be able to carry out virtual consultations or obtain diagnostic data from distant locations. Moreover, there is an increasing inclination towards high-resolution ultrasound scans or MRI among others that enhance diagnostic processes. This demand has been driven by the shift in emphasis from curative to preventive health care, coupled with steady increase in pet insurance policies across the globe. Some firms like IDEXX Laboratories and Zoetis are developing innovative products to meet these demands.
• China: The veterinary equipment and disposables market in China is expanding significantly because of the increased investments in animal health infrastructure and growing concern about food safety and quality. China larger pet population and demand for better ways to manage livestock has led to an increase in requests for higher level of advanced veterinary tools and disposables. This country also invests in repositioning itself through modern veterinary services as well as encouraging innovation by start-ups. Zhejiang Nanda and Baihe Medical among other companies have made remarkable progress through state-of-the-art diagnostic and treatment equipment. The rise of online retail platforms has widened access to veterinary products, contributing towards market expansion.
• Germany: Technological development and respect for regulation are the main features of Germany veterinary equipment & disposables market. This strict regulatory environment guarantees that only safe and high-quality products are utilized within the field of veterinary medicine. In addition, there have been advancements brought carrie out from the incorporation into practice of more hi-tech digital applications such as electronic medical records or telemedicine solutions to aid veterinarians on emergency calls. Other factors include precision medicine being preferred over generalized care hence leading to a demand for sophisticated diagnostics instruments coupled with specialized consumables. However, Drägerwerk-AG retained its status as a leader with Siemens Healthineers among others having kept up pace with this industry trend by introducing cutting-edge equipment which can meet varying requirements associated with animal treatment trends today.
• India: India veterinary equipment and disposables market is expanding due to increased animal heath awareness and demand for vet services. The growing pet population also necessitates better diagnostic and treatment apparatus in veterinary clinics. There are some advanced veterinary tools that would work towards improved livestock management. These companies contribute to the growth of the market by offering a range of products suitable for companion animals as well as livestock Vetoquinol and Hindustan Syringes among others. Government initiatives also support this market as they help improve animal health infrastructure.
• Japan: The veterinary equipment and disposables market in Japan is characterized by high care standards and innovation focus because of the country healthcare infrastructure. This facilitates the advent of advanced technologies including robot surgical systems and diagnostic tools for the veterinaries. The demand for high quality veterinary products has been triggered by increased attention to pet wellness as well as an increase in the number of individuals owning pets. Fujifilm and Olympus have taken a lead in this regard with their cutting-edge imaging and endoscopy solutions that upgrade diagnostics accuracy and treatment outcomes. Moreover, the integration of smart technologies along with digital health solutions forms an important part of veterinary care development in Japan.
Features of the Global Veterinary Equipment and Disposables Market
Market Size Estimates: Veterinary equipment and disposables market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Veterinary equipment and disposables market size by animal, type, application, and region in terms of value ($B).
Regional Analysis: Veterinary equipment and disposables market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different animal, type, application, and regions for the veterinary equipment and disposables market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the veterinary equipment and disposables market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
If you are looking to expand your business in this market or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ
Q.1 What is the veterinary equipment and disposables market size?
Answer: The global veterinary equipment and disposables market is expected to reach an estimated $3.77 billion by 2030.
Q.2 What is the growth forecast for veterinary equipment and disposables market?
Answer: The global veterinary equipment and disposables market is expected to grow with a CAGR of 8.0% from 2024 to 2030
Q.3 What are the major drivers influencing the growth of the veterinary equipment and disposables market?
Answer: The major drivers for this market are increase in animal adoption, rising instances of animal diseases and heightened concern for animal well-being have all contributed to the growing awareness and focus on animal health.
Q4. What are the major segments for veterinary equipment and disposables market?
Answer: The future of the veterinary equipment and disposables market looks promising with opportunities in the surgical (gynecology, dental) and diagnosis markets.
Q5. Who are the key veterinary equipment and disposables market companies?
Answer: Some of the key veterinary equipment and disposables companies are as follows:
• Shenzhen Mindray Bio-Medical Electronics
• Smiths Medical
• Nonin Medical
• Digicare Biomedical
• Covetrus
• B. Braun Melsungen
• DRE Veterinary
• Vetland Medical Sales and Services
• Midmark Corporation
• Jorgensen Labs
Q6. Which veterinary equipment and disposables market segment will be the largest in future?
Answer: Lucintel forecasts that companion is expected to witness higher growth over the forecast period due to increasing disposable incomes-which enabled owners to spend more on pet care.
Q7. In veterinary equipment and disposables market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to increasing number of companion animals, and high number of livestock animals in north america.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the veterinary equipment and disposables market by animal (companion and bovines), type (consumables, patient monitors, anesthesia, and infusion pumps), application (surgical (gynecology, dental) and diagnosis), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Veterinary Equipment And Disposables Market, Veterinary Equipment And Disposables Market Size, Veterinary Equipment And Disposables Market Growth, Veterinary Equipment And Disposables Market Analysis, Veterinary Equipment And Disposables Market Report, Veterinary Equipment And Disposables Market Share, Veterinary Equipment And Disposables Market Trends, Veterinary Equipment And Disposables Market Forecast, Veterinary Equipment And Disposables Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.