Veterinary Equipment And Disposables Market Size, Share, Industry Trends and Forecast to 2030

Veterinary Equipment And Disposables Market Size (2021 to 2030)

The global veterinary equipment and disposables market is expected to witness a compound annual growth rate (CAGR) of 5.4% from 2021 to 2030. This growth is projected to result in the market reaching a value of USD 2.7 billion by the end of 2028.

COVID-19 Impact on the Veterinary Equipment And Disposables Market

The COVID-19 pandemic has had a mixed impact on the veterinary equipment and disposables market. While the lockdowns and restrictions imposed during the pandemic led to a temporary decline in the market due to reduced veterinary visits, the overall impact has been positive. The increased focus on pet healthcare and the rising adoption of pets during the pandemic have spurred demand for veterinary equipment and disposables.

Veterinary Equipment And Disposables Dynamics

The veterinary equipment and disposables market is driven by factors such as the growing pet ownership, increasing awareness about animal health, technological advancements in veterinary equipment, and the rise in the number of veterinary clinics and hospitals. Additionally, the trend of humanization of pets, where pets are considered as part of the family, has fueled the demand for high-quality veterinary equipment and disposables.

Segments and Related Analysis

The veterinary equipment and disposables market can be segmented based on product type, animal type, and end-user. Product types include anesthesia equipment, temperature management equipment, critical care consumables, and others. Animal types comprise companion animals, livestock animals, and others. End-users include veterinary hospitals, clinics, research institutes, and others.

By Region Analysis

Regionally, North America currently holds the largest share in the veterinary equipment and disposables market, followed by Europe and Asia Pacific. Factors such as the high pet ownership rates in North America, the presence of advanced veterinary facilities in Europe, and the increasing adoption of pets in Asia Pacific are driving market growth in these regions.

Key Market Players and Competitive Landscape

Some of the key players in the veterinary equipment and disposables market include Covetrus, Henry Schein, Patterson Companies, Midmark Corporation, and Mindray Medical International. These companies are focusing on product innovation, strategic collaborations, and acquisitions to strengthen their market position.

Recent Happenings in the Veterinary Equipment And Disposables Market

In recent developments, Covetrus announced the launch of a new range of innovative veterinary equipment aimed at improving diagnostic capabilities in veterinary practices. Similarly, Henry Schein introduced a state-of-the-art anesthesia machine designed to enhance patient safety during surgical procedures.