Veterinary Equipment And Disposables Market Size, Share, Growth Analysis, By Product(Anesthesia equipment, surgical equipment, diagnostic imaging equipment, patient monitoring equipment), By Animal(Companion animals and livestock), By End user(Veterinary hospitals and clinics, research institutes), By Region - Industry Forecast 2024-2031

Veterinary Equipment And Disposables Market size was valued at USD 2.2 billion in 2022 and is poised to grow from USD 2.40 billion in 2023 to USD 4.77 billion by 2031, at a CAGR of 9.0% during the forecast period (2024-2031).

The global veterinary equipment and disposables market is characterized by a highly competitive landscape with numerous players vying for market share. Major companies in the market are focused on technological advancements and product innovation to gain a competitive edge. These companies invest significantly in research and development activities to introduce advanced veterinary equipment and disposable products that cater to the evolving needs of veterinary professionals. Additionally, strategic collaborations, partnerships, and acquisitions are common strategies employed by key players to expand their product portfolios and geographical presence. There is a growing focus on providing comprehensive solutions that integrate various equipment and disposables to offer convenience and efficiency to veterinary practitioners. As the demand for advanced veterinary care continues to rise, the competitive landscape of the global veterinary equipment and disposables market is expected to remain dynamic and competitive in the coming years. 'IDEXX Laboratories, Inc. (United States)', 'Covetrus, Inc. (United States)', 'Zoetis Inc. (United States)', 'Abaxis, Inc. (United States)', 'Heska Corporation (United States)', 'Henry Schein, Inc. (United States)', 'Patterson Companies, Inc. (United States)', 'Smiths Group plc (United Kingdom)', 'B. Braun Vet Care GmbH (Germany)', 'DRE Veterinary (United States)', 'Midmark Corporation (United States)', 'Mindray Medical International Limited (China)', 'Jorgensen Laboratories, Inc. (United States)', 'Burtons Medical Equipment Ltd. (United Kingdom)', 'Medical Plus Veterinary Equipment (Belgium)', 'IM3 Inc. (Australia)', 'Infiniti Medical (United States)', 'Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)', 'EICKEMEYER Veterinary Equipment Ltd. (Germany)', 'Mila International, Inc. (United States)'

One driver for the global veterinary equipment and disposables market is the increasing pet adoption rates and growing pet ownership worldwide. As more people embrace pets as part of their families, there is a rising demand for veterinary services and related equipment. This drives the need for advanced veterinary equipment and disposables, including surgical instruments, diagnostic devices, anesthesia equipment, and consumables such as syringes and needles. Additionally, advancements in veterinary medicine, including the introduction of innovative and technologically advanced equipment, contribute to market growth.

There is a growing demand for advanced diagnostic and imaging equipment, such as digital radiography and ultrasound systems, enabling more accurate diagnosis and treatment.

The global veterinary equipment and disposables market has witnessed significant growth across various regions. North America holds a prominent share due to the presence of advanced veterinary healthcare infrastructure and increasing pet adoption rates. Europe follows suit with a well-established veterinary industry and rising pet expenditure.