Global Veterinary Equipment & Disposables Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

Global Veterinary Equipment & Disposables Market Overview:

"The Veterinary Equipment & Disposables Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

Veterinary equipment & disposables refer to the apparatus or processes for enhancing or controlling the breeding of companion, domesticated, exotic, or wild animals, wherein the apparatus or processes are specifically adapted to be usable with animals.

The steady demand for better veterinary care options, as well as the incorporation of various advancements in therapy and monitoring solutions for animals, are some of the primary factors that are expected to fuel the revenue growth of the global veterinary equipment & disposables market over the next 10 years.

Moreover, the increasing prevalence of chronic diseases such as arthritis, chronic kidney disease, hepatitis, etc., among pets, and the growing demand for pet insurance policies are also factors slated to influence the market growth of this global market in the years to come.

In light of the recent COVID-19 outbreak, the operations of numerous industries have been either temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global veterinary equipment & disposables industry is no different, and this factor is expected to negatively impact the revenue growth of this sector in the years to come.

Nonetheless, the increasing number of pet clinics and veterinary hospitals, better quality of services offered, as well as the gradual increase in disposable incomes of individuals across the world are some of the other factors that are anticipated to complement the revenue growth of the global veterinary equipment & disposables market in the foreseeable future.

Segmentation of the global veterinary equipment & disposables market is as follows:

In terms of product, the critical care consumables segment accounted for the maximum number of revenue shares of the global veterinary equipment & disposables market in 2020, and is expected to index a high CAGR over the next decade. This can be attributed to the increase in usage of consumables for varying applications. However, the anesthesia segment is slated to index the fastest rate of revenue growth in the coming years.

On the basis of animal type, the companion animals segment accounted for the highest number of revenue shares of the global veterinary equipment & disposables market in 2020, and is expected to continue doing so over the course of the forecast period.

With regards to end-use, the veterinary hospitals/ clinics segment accounted for the maximum number of revenue shares of the global veterinary equipment & disposables market in 2020. This can be attributed to the wide range of available treatments at these given medical facilities. The research institutes segment is also slated to index considerable revenue growth over the forecast period.

Regional Segmentation and Analysis:

North America accounted for the highest number of revenue shares of the global veterinary equipment & disposables market in 2020. This can be attributed to the presence of well-established veterinary healthcare infrastructure, higher disposable incomes, increasing animal healthcare expenditures, as well as the steady increase in the number of companion animals in this region. The markets in the Asia Pacific region are also anticipated to register considerable revenue growth in the coming years.

Segmentation of the Global Veterinary Equipment & Disposables Market:

Segmentation by Product:

• Critical Care Consumables
• Wound Management Consumables
• Airway Management Consumables
• Gastroenterology Consumables
• Needles
• Fluid Administration and Therapy Consumables
• Accessories
• Others
• Anesthesia Equipment
• Complete Anesthesia Machines
• Ventilators
• Vaporizers
• Waste Gas Management Systems
• Gas Delivery Management Systems
• Accessories
• Fluid Management Equipment
• Large-Volume Infusion Pumps
• Syringe Pumps
• Temperature Management Equipment
• Patient Warming Systems
• Convection Warming Systems
• Conduction Warming Systems
• Fluid Warmers
• Rescue & Resuscitation Equipment
• Resuscitation Bags
• Oxygen Masks
• Research Equipment
• Lab Evacuation Systems
• Induction Chambers
• Patient Monitoring Equipment

Segmentation by Animal Type:

• Companion Animal
• Dogs
• Cats
• Horses
• Others
• Livestock Animal

Segmentation by End-Use:

• Veterinary Hospitals/Clinics
• Research Institutes

Segmentation by Regions:

• North America
• Europe
• APAC
• South America
• MEA