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)