Veterinary Equipment & Disposables Market by Type of Animal, Product, End-use, Application, Distribution

Description

List of Tables

The Veterinary Equipment & Disposables Market was valued at USD 6.44 billion in 2023, expected to reach USD 7.39 billion in 2024, and is projected to grow at a CAGR of 14.87%, to USD 17.02 billion by 2030.

The veterinary equipment and disposables market encompasses a broad range of products, including surgical equipment, diagnostic tools, therapeutic devices, and consumables like syringes and bandages, used in veterinary healthcare settings. This market is driven by the growing demand for animal health services, spurred by increasing pet ownership and livestock production. The necessity of these tools is underscored by the pressing need for accurate diagnosis and effective treatment of animal diseases, which ensures animal welfare and supports agricultural productivity. Applications range from routine checkups and vaccinations to complex surgical procedures, serving both companion animals and farm animals. Key end-users include veterinary hospitals, clinics, and research institutions.

KEY MARKET STATISTICS
Base Year [2023]	USD 6.44 billion
Estimated Year [2024]	USD 7.39 billion
Forecast Year [2030]	USD 17.02 billion
CAGR (%)	14.87%

Market growth is significantly influenced by advancements in veterinary technology, increasing awareness of animal health, and rising expenditure on pet care. Additionally, government initiatives aimed at animal disease prevention contribute to expanding market opportunities. However, growth is challenged by high costs associated with advanced veterinary equipment and a lack of veterinary infrastructure in underdeveloped regions. The latest potential opportunities in this market lie in the development of portable and digital diagnostic devices, telemedicine solutions, and eco-friendly disposable products to cater to rising environmental concerns. Businesses are recommended to focus on partnerships with veterinary educational institutions to foster innovations and invest in R&D to develop cost-effective and multifunctional devices.

Limitations include stringent regulatory standards and the need for continuous product differentiation to stay competitive. Areas of innovation include incorporating AI and IoT into veterinary tools to enhance diagnostic accuracy and streamline operations. For business growth, focusing on emerging markets in Asia and Latin America can be beneficial due to the rising pet population and increased livestock farming activities. Overall, the veterinary equipment and disposables market is dynamic, with ample opportunities for companies to innovate and expand, provided they navigate regulatory challenges and align with market needs.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Veterinary Equipment & Disposables Market

The Veterinary Equipment & Disposables Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing number of companion animal and livestock ownership
- Improving veterinary care facilities in economies
- Rising incidence of chronic diseases and accidental injuries in animals
Market Restraints
- High cost associated with animal care
Market Opportunities
- Increasing availability of animal health insurance
- Technological advancements in veterinary equipment & disposables
Market Challenges
- Dearth of veterinarians worldwide

Porter's Five Forces: A Strategic Tool for Navigating the Veterinary Equipment & Disposables Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Veterinary Equipment & Disposables Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Veterinary Equipment & Disposables Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Veterinary Equipment & Disposables Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Veterinary Equipment & Disposables Market

A detailed market share analysis in the Veterinary Equipment & Disposables Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Veterinary Equipment & Disposables Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Veterinary Equipment & Disposables Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Veterinary Equipment & Disposables Market

A strategic analysis of the Veterinary Equipment & Disposables Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Veterinary Equipment & Disposables Market, highlighting leading vendors and their innovative profiles. These include Avante Animal Health, B. Braun SE, Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., bioMerieux S.A., Boehringer Ingelheim International GmbH, Cardinal Health, Inc., Ceva Sante Animale, Covetrus, Inc., Dextronix, Inc., Digicare Biomedical Technology, Dispomed Ltd., GE HealthCare Technologies, Inc., Grady Medical Systems, Inc., Henke Sass Wolf GmbH, ICU Medical, Inc., IDEXX Laboratories, Inc., Integra Lifesciences Holdings Corporation, Karl Storz SE & Co. KG, Medtronic PLC, Merck & Co., Inc., Midmark Corporation, Mindray Bio-Medical Electronics Co., Ltd., MinXray, Inc., Neogen Corporation, Nonin Medical, Inc., RWD Life Science Co., Ltd., Shanghai Aohua Photoelectricity Endoscope Co.,Ltd., Siemens Healthineers AG, Thermo Fisher Scientific, Inc., and Zoetis Inc..

Market Segmentation & Coverage

This research report categorizes the Veterinary Equipment & Disposables Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Type of Animal, market is studied across Aquatic Animals, Exotic Animals, Large Animals, Research Animals, Small Companion Animals, and Zoo Animals. The Large Animals is further studied across Bovine and Equine. The Small Companion Animals is further studied across Canine and Feline.
Based on Product, market is studied across Anesthesia Equipment, Critical Care Consumables, Fluid Management Equipment, Patient Monitoring Equipment, Rescue & Resuscitation Equipment, Research Equipment, and Temperature Management Equipment. The Anesthesia Equipment is further studied across Anesthesia Equipment Accessories, Complete Anesthesia Machines, Gas Delivery Management Systems, Vaporizers, Ventilators, and Waste Gas Management Systems. The Critical Care Consumables is further studied across Airway Management Consumables, Critical Care Consumables Accessories, Fluid Administration & Therapy Consumables, Gastroenterology Consumables, Needles, and Wound Management Consumables. The Fluid Management Equipment is further studied across Large-Volume Infusion Pumps and Syringe Pumps. The Rescue & Resuscitation Equipment is further studied across Oxygen Masks and Resuscitation Bags. The Research Equipment is further studied across Induction Chambers and Lab Evacuation Systems. The Temperature Management Equipment is further studied across Fluid Warmers and Patient Warming Systems. The Patient Warming Systems is further studied across Conduction Warming Systems and Convection Warming Systems.
Based on End-use, market is studied across Research Institutes and Veterinary Hospitals/Clinics.
Based on Application, market is studied across Diagnosis & Monitoring and Surgical.
Based on Distribution, market is studied across Independent Distributors & Suppliers, Online Sale, Original Equipment Manufacturers, and Veterinary Corporate Groups and GPO.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-2D64BA93A6AB

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing number of companion animal and livestock ownership
  - 5.1.1.2. Improving veterinary care facilities in economies
  - 5.1.1.3. Rising incidence of chronic diseases and accidental injuries in animals
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with animal care
- 5.1.3. Opportunities
  - 5.1.3.1. Increasing availability of animal health insurance
  - 5.1.3.2. Technological advancements in veterinary equipment & disposables
- 5.1.4. Challenges
  - 5.1.4.1. Dearth of veterinarians worldwide
5.2. Market Segmentation Analysis
- 5.2.1. Type of Animal: Utilization of veterinary disposables as per their need in diagnostic assessments for large and small companion animal
- 5.2.2. End-use: Expanding usage of veterinary equipment in research and clinical institutions to perform critical surgeries
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Veterinary Equipment & Disposables Market, by Type of Animal

6.1. Introduction
6.2. Aquatic Animals
6.3. Exotic Animals
6.4. Large Animals
- 6.4.1. Bovine
- 6.4.2. Equine
6.5. Research Animals
6.6. Small Companion Animals
- 6.6.1. Canine
- 6.6.2. Feline
6.7. Zoo Animals

7. Veterinary Equipment & Disposables Market, by Product

7.1. Introduction
7.2. Anesthesia Equipment
- 7.2.1. Anesthesia Equipment Accessories
- 7.2.2. Complete Anesthesia Machines
- 7.2.3. Gas Delivery Management Systems
- 7.2.4. Vaporizers
- 7.2.5. Ventilators
- 7.2.6. Waste Gas Management Systems
7.3. Critical Care Consumables
- 7.3.1. Airway Management Consumables
- 7.3.2. Critical Care Consumables Accessories
- 7.3.3. Fluid Administration & Therapy Consumables
- 7.3.4. Gastroenterology Consumables
- 7.3.5. Needles
- 7.3.6. Wound Management Consumables
7.4. Fluid Management Equipment
- 7.4.1. Large-Volume Infusion Pumps
- 7.4.2. Syringe Pumps
7.5. Patient Monitoring Equipment
7.6. Rescue & Resuscitation Equipment
- 7.6.1. Oxygen Masks
- 7.6.2. Resuscitation Bags
7.7. Research Equipment
- 7.7.1. Induction Chambers
- 7.7.2. Lab Evacuation Systems
7.8. Temperature Management Equipment
- 7.8.1. Fluid Warmers
- 7.8.2. Patient Warming Systems
  - 7.8.2.1. Conduction Warming Systems
  - 7.8.2.2. Convection Warming Systems

8. Veterinary Equipment & Disposables Market, by End-use

8.1. Introduction
8.2. Research Institutes
8.3. Veterinary Hospitals/Clinics

9. Veterinary Equipment & Disposables Market, by Application

9.1. Introduction
9.2. Diagnosis & Monitoring
9.3. Surgical

10. Veterinary Equipment & Disposables Market, by Distribution

10.1. Introduction
10.2. Independent Distributors & Suppliers
10.3. Online Sale
10.4. Original Equipment Manufacturers
10.5. Veterinary Corporate Groups and GPO

11. Americas Veterinary Equipment & Disposables Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Veterinary Equipment & Disposables Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Veterinary Equipment & Disposables Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. ADM Tronics Prepares for Commercial Launch of Vet-Sonotron(R) Veterinary Therapy Device
- 14.3.2. Probo Medical Partners with Mindray Animal
- 14.3.3. Mars to Acquire Heska, Global Provider of Advanced Veterinary Diagnostic and Specialty Solutions
14.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Avante Animal Health
2. B. Braun SE
3. Becton, Dickinson and Company
4. Bio-Rad Laboratories, Inc.
5. bioMerieux S.A.
6. Boehringer Ingelheim International GmbH
7. Cardinal Health, Inc.
8. Ceva Sante Animale
9. Covetrus, Inc.
10. Dextronix, Inc.
11. Digicare Biomedical Technology
12. Dispomed Ltd.
13. GE HealthCare Technologies, Inc.
14. Grady Medical Systems, Inc.
15. Henke Sass Wolf GmbH
16. ICU Medical, Inc.
17. IDEXX Laboratories, Inc.
18. Integra Lifesciences Holdings Corporation
19. Karl Storz SE & Co. KG
20. Medtronic PLC
21. Merck & Co., Inc.
22. Midmark Corporation
23. Mindray Bio-Medical Electronics Co., Ltd.
24. MinXray, Inc.
25. Neogen Corporation
26. Nonin Medical, Inc.
27. RWD Life Science Co., Ltd.
28. Shanghai Aohua Photoelectricity Endoscope Co.,Ltd.
29. Siemens Healthineers AG
30. Thermo Fisher Scientific, Inc.
31. Zoetis Inc.