Veterinary Equipment And Disposables Market Size, Share & Trends Analysis Report By Product (Critical Care Consumables, Rescue & Resuscitation Equipment), By Animal Type (Companion, Livestock), By End-use, And Segment Forecasts, 2020 - 2027

Report Overview

The global veterinary equipment and disposables market size was estimated at USD 1.9 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 7.7% from 2020 to 2027. Demand for better veterinary critical care is boosting the growth of the market for veterinary equipment and disposables. Advancements in monitoring and therapy options such as IV fluid therapy, ventilation support, temperature management, pain control are further propelling the demand. For instance, in July 2018, B. Braun Vet Care collaborated with CP Medical for marketing its veterinary infusion therapy products in the U.S. and Canada. The companion animal population is increasing, which is likely to boost the demand for veterinary equipment and disposables. The cost of veterinary care is high due to the increasing requirement of veterinary doctors, technicians, and specially designed equipment and disposables. 

According to the American Pet Products Association, overall spending in the U.S. pet industry was USD 95.7 billion in 2019. Furthermore, veterinary care spending has increased by around 7.0% and reached USD 30.2 billion in 2019. The global livestock population has been experiencing rapid growth over the past few decades. Global demand for quality foods, such as animal proteins has surged, owing especially to increased health concerns. According to India’s animal census, the livestock population has grown by 4.6% from 512.0 million in 2012 to 536.0 million in 2019. Rising concerns about food security and increasing animal husbandry activities are boosting demand for better diagnosis and treatment for livestock.

Increasing chronic diseases in pets is another factor driving the market for veterinary equipment and disposables. According to the animal care foundation report, 65.0 million dogs and 32.0 million cats in the U.S. had been diagnosed with cancer in 2017. Moreover, increasing demand for pet insurance policies is boosting growth. According to the NAPHIA, in 2018, the number of pets insured in the U.S. increased by more than 17.5% from 2014. In addition, a growing number of veterinary practitioners and demand for pet insurance coupled with tax exemption on veterinary equipment and disposables has further fueled the market growth.

The increasing number of veterinary hospitals and pet clinics is fueling the market for veterinary equipment and disposables. According to the AVMA report, private practice for small animals in the U.S. has increased by 14.0% in 2018 from the last year. The increased disposable income in developing and developed countries is further fueling the market for veterinary equipment and disposables. For instance, according to a report by the American Veterinary Medical Association, the U.S. pet owners spent around USD 16.0 billion on veterinary surgeries in 2018. The aforementioned factors are fueling the market for veterinary equipment and disposables.

Product Insights

Critical care consumables held the largest revenue share of 32.5% in 2019. The growth can be attributed to increasing usage of the consumables for various applications such as wound management, airway management, gastroenterology, and reproduction. Continuous development and new product launches by the industry players are bolstering segment growth. For instance, in July 2018 JAK Marketing launched a new range of wound care dressings for small animals.

The anesthesia equipment segment is expected to show the fastest growth over the forecast period in the market for veterinary equipment and disposables. The increasing number of surgeries in small animals is propelling segment growth. In addition, the market for veterinary equipment and disposables is driven by advancement in veterinary anesthesia devices and this is anticipated to give future growth opportunities. Graphical screens, clear picture offering loops, and new ventilation mode are some new features that are expected to bolster the adoption rate in the coming years.

Animal Type Insights

Companion animals dominated the veterinary equipment and disposables market and accounted for the largest revenue share of 66.0% in 2019. Growth in the companion animal population, rising emphasis on pet care, and wellness by pet owners are contributing to the growth of the segment. Dogs held the largest market share of the companion segment in 2019. The dominant share captured by this is a consequence of the increased number of surgeries. The growing incidence of chronic diseases in dogs is one of the major factors driving the market for veterinary equipment and disposables.

Growing initiatives of stray animal rescue programs and increasing usage of rescue and resuscitation equipment are boosting the revenue. For instance, in March 2020 British Animal Rescue and Trauma Care Association (BARTA) collaborated with Smokey Paws to provide critical care treatment to small animals with specialized animal oxygen masks. The cats segment is expected to show fastest growth over the forecast period owing to its increasing adoption in European and Latin American countries.

End-use Insights

Veterinary hospitals/clinics dominated the market for veterinary equipment and disposables and accounted for a revenue share of 80.0% in 2019. The growth can be attributed to the availability of a wide range of treatment options in veterinary hospitals and clinics. Various government animal welfare organizations have issued guidelines for safety practices and standards to be implemented in hospitals, which has broadened the scope for segment growth over the past few years.

The research institutes segment is expected to show lucrative growth over the forecast period in the market for veterinary equipment and disposables. Better critical care treatment options for small animals have triggered the demand for research activities, which is expected to drive the segment over the forecast period. The functions which are governed by the research institutes in relation with animal treatment are deployment, identification, and development of new treatment procedure for newly emerging or existing diseases in animals, which is further boosting the market for veterinary equipment and disposables.

Regional Insights

North America dominated the market for veterinary equipment and disposables and accounted for the largest revenue share of 30.0% in 2019. This is due to its well established veterinary healthcare infrastructure, increasing number of companion animals, animal healthcare expenditure, and attentiveness about animal illnesses. The region has seen a rise in veterinary healthcare expenditure which has facilitated the growth of the market in the region.

In Asia Pacific, the market for veterinary equipment and disposables is expected to witness lucrative growth over the forecast period due to the growing practice of pet adoption, increasing vigilance about animal health, intensifying livestock population, developing urbanization, and rising per capita animal health spending. Rising R&D investment by the market entities and veterinary companies for the development of this market to produce value-added products is anticipated to drive the market for veterinary equipment and disposables in the region. An increase in the number of veterinary hospitals and clinics in countries such as China and Japan are further boosting the market growth. For instance, there are around 1.1 million animal clinics in China as of April 2020.

Key Companies & Market Share Insights

Key players are constantly involved in strategic initiatives such as new product launch, regional expansion, and mergers and acquisitions to gain deeper penetration. For instance, in June 2019, Covetrus partnered with Heart + Paw in order to increase its penetration in Mid-Atlantic and Northeast regions. In February 2019, Ethicon acquired Auris Health, Inc. to improve its product portfolio. In June 2019, Ethicon received clearance from FDA for Vistaseal—a laparoscopic and open dual applicator, indicated for mild to moderate surgical bleeding. Some of the prominent players in the veterinary equipment and disposables market include:

• Smiths Medical

• Nonin Medical

• Mindray Medical International Limited

• Digicare Animal Health

• B. Braun Vet Care

• Covetrus (Henry Schein)

• DRE Veterinary

• Vetland Medical

• Midmark Corporation 

• Jorgensen Labs

• Grady Medical

Veterinary Equipment And Disposables Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global veterinary equipment and disposables market report on the basis of product, animal type, end-use, and region:

• Product Outlook (Revenue, USD Million, 2016 - 2027)

  • 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

• Animal Type Outlook (Revenue, USD Million, 2016 - 2027)

  • Companion Animal

    • Dogs

    • Cats

    • Horses

    • Others

  • Livestock Animal

• End-use Outlook (Revenue, USD Million, 2016 - 2027)

  • Veterinary Hospitals/Clinics

  • Research Institutes

• Regional Outlook (Revenue, USD Million, 2016 - 2027)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia