PUBLISHER: DataM Intelligence | PRODUCT CODE: 1575735
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1575735
Report Overview
China Animal Medical Devices Market reached US$ 0.87 billion in 2023 and is expected to reach US$ 1.54 billion by 2031, growing at a CAGR of 7.3% during the forecast period 2024-2031
Animal Medical Devices is a specialized industry that develops, produces, and distributes medical devices for veterinary use, including diagnostic tools, surgical instruments, therapeutic equipment, and monitoring technologies. As China's pet ownership and livestock farming expand, the sector has seen significant growth, playing a crucial role in improving animal health and veterinary care, supporting both domestic and global markets.
Market Dynamics: Drivers & Restraints
Rise in technological advancements
The China animal medical devices market is growing due to technological advancements that improve the efficiency, precision, and accessibility of veterinary care. Advanced diagnostic tools, imaging technologies, and minimally invasive surgical equipment have revolutionized diagnosis and treatment, leading to earlier disease detection and better treatment outcomes. Wearable devices and telemedicine solutions are also popular for continuous health management. The integration of AI and machine learning in diagnostic devices enhances predictive capabilities, further driving the adoption of cutting-edge medical technologies in China's veterinary practices.
For instance, Veterinary HPM launched its cat and dog food in China last October 2023, after five years of collaboration between local and head office teams. The Chinese market is highly regulated, and the main challenge was to develop a local industrial network while maintaining unique quality standards and Animalsula. The collaboration between teams and the local manufacturer has successfully met this challenge, ensuring Chinese vets and owners have access to the same Animalsula and quality requirements as in other marketing countries.
High costs of advanced equipment
The China animal medical devices market faces challenges due to high costs of advanced equipment, which can be prohibitive for smaller veterinary practices and rural areas. The adoption of advanced technologies, such as imaging devices and surgical tools, requires significant financial investment. Additionally, there is a shortage of skilled professionals to operate and maintain these devices, further hindering market growth. The uneven distribution of veterinary infrastructure and regulatory complexities further impede market expansion.
Market Segment Analysis
The China animal medical devices market is segmented based on product type, animals and end user.
The veterinary diagnostic equipment from the product type segment accounted for approximately 41.3% of the China animal medical devices market share
The veterinary diagnostic equipment from the product type segment accounted for approximately 41.3%. Veterinary diagnostic equipment is vital in China's animal medical devices market, enabling accurate and early disease detection in pets and livestock. It includes hematology analyzers, ultrasound machines, X-ray systems, and molecular diagnostic tools. The growing demand for high-quality veterinary care, driven by pet ownership and livestock farming, has led to the adoption of advanced diagnostic tools. These tools improve veterinarians' ability to monitor health conditions, track disease outbreaks, and ensure animal well-being. Technological advancements, including AI integration, are expanding the efficiency and capabilities of veterinary diagnostic equipment.
Veterinary Diagnostic Equipment
Ultrasound Systems
X-Ray System
CT System
Others
In-Vitro Diagnostics Devices
Anesthesia Equipment
Anesthesia Machine
Vaporizers
Ventilators
Others
Veterinary Surgical Equipment
Handheld Devices
Electrosurgery Instruments
Sutures & Staplers
Others
Others
Companion Animals
Dogs
Cats
Horses
Others
Livestock Animals
Poultry
Swine
Cattle
Others
Veterinary Hospitals & Clinics
Reference Laboratories
Point-of-care Testing/ln-house Testing
Others
Market Competitive Landscape
The major China players in the market include Shenyang Dachang Medical Imaging Technology Co. LTD. (Dachang), Xuzhou Palmary Electronics Co., Ltd, Benemed Industry Co., Limited, Mindray Medical International, Ltd., Shenzhen Ricso Technology Co., Ltd, Shanghai Baobang Medical Equipment Co., Ltd., Shanghai Sunbright Industrial Co., Ltd, Nanjing Superstar Medical Equipment Co., Ltd., Shanghai MedEco Industry Co., Ltd., Runkun Medical among others.
To visualize the China animal medical devices market segmentation based on product type, animals, and end user as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of the China animal medical devices market level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.
The China animal medical devices market report would provide approximately 64 tables, 61 figures and 186 pages.
Target Audience 2024
Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies