Veterinary Equipment and Disposables Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Veterinary Equipment and Disposables Companies and it is segmented by Product (Imaging, Ventilators, Patient Monitoring, Anesthesia Machines, Disposables, and Other Products), Animal (Companion Animals and Livestock Animals), End -User (Veterinary Hospitals and Private Clinics), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America).

Veterinary Equipment and Disposables Market Size

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Veterinary Equipment And Disposables Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 7.50 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Veterinary Equipment And Disposables Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Veterinary Equipment and Disposables Market Analysis

The veterinary equipment and disposables market is expected to witness a CAGR of about 7.5% during the forecast period.

  • The COVID-19 pandemic resulted in an increase in pet adoption during its initial phase. Animal Medicines Australia reported a significant rise in pet adoption as new owners took advantage of flexible work requirements imposed by the pandemic. It was estimated that around 28.7 million pets were owned by 6.9 million households in Australia in 2022. This led to an increase in the usage of veterinary equipment and disposables, boosting market growth. However, as the pandemic has subsided, the market is expected to have stable growth during the forecast period.
  • The market growth is being driven by several factors, including the rise in animal adoption, growing animal diseases, and increased concern for animal health. Additionally, increased veterinary R&D expenditure, technological advancements, product innovation, and a rise in per capita animal health expenditure are expected to propel market growth.
  • The adoption of companion animals is a major factor driving market growth. According to the European Pet Food Industry: Facts and Figures 2021 report, Germany reported 10.3 million dogs and 16.7 million cats in 2021, with 21% of households owning at least one cat and 19% owning at least one dog. The Pet Food Manufacturer's Association (PFMA) estimated that the United Kingdom would have 34.9 million pets in 2022, including 13 million dogs and 12 million cats. Therefore, the increased adoption of pets is expected to enhance market growth during the forecast period.
  • The rising livestock population is also expected to boost market growth. In Australia, according to the Australian Bureau of Statistics, the beef herd increased by 1% to 22.3 million, and the sheep flock increased by 3% to 70.2 million sheep and lambs in June 2022. The rising prevalence of various animal diseases is driving the market growth. For example, canine mammary tumors were found to be the most common tumors in dogs, with a relative incidence of 46.71% in the last 5 years, according to a study conducted in Mainland China published in Frontiers in June 2022. Pure breeds accounted for 84.13% of the tumors, with 48.41% of the tumors being benign and 51.59% being malignant. Therefore, the rising prevalence of such diseases is expected to enhance the market growth.
  • Furthermore, the increasing number of product launches by key market players is expected to boost market growth. Fujifilm launched the VXR Veterinary X-Ray Room, a digital radiography system dedicated to veterinary imaging, in February 2021.
  • Therefore, due to the above-mentioned factors, such as the rising pet adoption, increasing prevalence of veterinary diseases, and increasing product launches, the market for veterinary equipment and disposables is expected to register growth during the forecast period. However, the high cost associated with animal healthcare is expected to hinder market growth.

Veterinary Equipment and Disposables Market Trends

Patient Monitoring Segment is Expected to Witness Significant Growth Over the Forecast Period

  • Recent technological advancements and innovations, such as wearables and other connected technologies, have shown great potential in the diagnosis and treatment of pets worldwide. Wearable technologies have extended the reach of veterinarians beyond the confines of their practices, enabling them to monitor the effects of their treatment recommendations on a 24/7 basis. These wearables include devices such as radio frequency identification, global positioning systems (GPS), and sensors that are used to monitor patients.
  • As the number of surgical procedures performed on animals increases, there has been a corresponding increase in the monitoring of animal physical health, which includes the monitoring of heart rate, respiratory rate, blood pressure, oxygen saturation, capillary refill time, and other vital signs. The high prevalence of chronic diseases in animals is also expected to drive the adoption of patient monitoring systems. For instance, according to data published by RSPCA South Australia in September 2021, arthritis is a very common disease among older animals such as dogs and cats in Australia. In some cases, it is also observed in younger pets.
  • In addition, the rising trend of pet adoption worldwide is another key factor driving growth in this segment. According to data updated in 2022 by Der Deutsche Heimtiermarkt, in 2021, 47% of households in Germany had pets, and the population kept 34.7 million dogs, cats, small animals, and ornamental birds as pets. The number of cats adopted was higher than that of dogs, with 16.7 million cats living in 26% of German households compared to 10.3 million dogs in 21% of households. This trend is expected to continue to drive growth in the patient monitoring systems segment.
  • Furthermore, the increasing efforts of key market players to develop advanced technologies and devices are also contributing to the growth of this segment. For example, in March 2021, DVMPro Inc., a leading provider of veterinary diagnostic equipment for veterinary health professionals, partnered with MTMC Animal Health to create veterinary monitoring, ventilators and anesthesia, and ultrasound devices, among others.
  • In conclusion, due to the increasing technological advancements in patient monitoring, rising pet adoption, and growing awareness among pet owners, it is expected that the patient monitoring systems segment will continue to experience growth during the forecast period of the study.
Veterinary Equipment And Disposables Market: Percentage of Households Owning a Pet (in million), by Type of Animal, United States, 2021

North America is Expected to Hold a Significant Share in the Market Over the Forecast Period

  • North America held a significant share in the veterinary equipment and disposables market over the forecast period, owing to factors such as rising pet adoption and increasing per capita animal healthcare expenditure. The rise in the prevalence of various animal diseases was identified as the major driving factor for market growth.
  • The growing pet population and an increase in spending on pet care fueled market growth. For instance, according to the National Pet Owners Survey 2021-2022 conducted by the American Pet Products Association (APPA), 70% of households owned a pet in the United States, which equated to 90.5 million homes in 2021. Similarly, according to data from the Canadian Animal Health Institute (CAHI) in September 2022, it was estimated that more than half of Canadian households (60%) owned at least one dog or cat in 2022. The data also detailed that the dog population increased to 7.9 million, and the cat population increased to 8.5 million in 2022.
  • In addition, a Gallup survey conducted in March 2022 found that the prevalence of dogs with cancer in 2021 was 3.4% in the United States. The survey also found that the incidence of dogs newly diagnosed with cancer in 2021 was approximately 2.8%. Thus, the burden of cancer among dogs in the country was rising, driving demand for the availability of veterinary equipment and disposables for cancer diagnosis and treatment for dogs. This was further expected to fuel the studied market growth.
  • Moreover, the rising product launches by key market players were expected to boost market growth. For instance, in October 2021, Butterfly Network, Inc., a United States-based innovative digital health company, launched the new Butterfly iQ+ Vet device. It was a second-generation device that brought sharper imaging, a new procedural guidance tool, and hardware improvements that made the solution more powerful, versatile, and easy to use.
  • Hence, owing to factors such as the rising prevalence of animal diseases, rising pet adoption, and increasing product launches by key market players, the studied market experienced growth in the region.
Veterinary Equipment and Disposables Market - Growth Rate by Region

Veterinary Equipment and Disposables Industry Overview

The market under study is moderately consolidated, and global players have been dominating it. However, with the rising investment by companies in veterinary health, more players are expected to enter the market. Moreover, due to the increasing animal adoption rates in developing countries, companies are adopting expansion and collaboration strategies to gain market share in these regions. Among the major companies operating in the market are B. Braun SE, Digicare Biomedical Technology Inc., Medtronic Plc, and Vetland Medical Sales and Services, among others.

Veterinary Equipment and Disposables Market Leaders

  1. Mindray Medical International Limited

  2. Medtronic

  3. B. Braun SE

  4. ICU Medical, Inc. (Smiths Medical Inc.)

  5. Midmark Corporation

*Disclaimer: Major Players sorted in no particular order

Veterinary Equipment And Disposables Market Concentration
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Veterinary Equipment and Disposables Market News

  • January 2023: EKF Diagnostics announced the launch of a new version of its Lactate Scout analyzer tailored to meet veterinary practitioners' needs. This new version is expected to provide accurate and reliable lactate measurements in veterinary settings, enabling practitioners to quickly and efficiently diagnose and monitor a range of conditions in animals.
  • June 2022: Mindray Animal Medical, a global leader in veterinary medical technology, expanded its presence by establishing a new branch in Europe. This move is expected to help the company strengthen its position in the European market and better serve its growing customer base in the region. With this expansion, Mindray Animal Medical will be able to provide a wider range of veterinary medical equipment and services to its customers in Europe.

Veterinary Equipment and Disposables Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increase in Livestock Population and Pet Adoption

      2. 4.2.2 Rising Prevalence of Animal Diseases and Disease Awareness

      3. 4.2.3 Increase in R&D Expenditure for Veterinary Healthcare

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost Associated with Animal Healthcare

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size - Value in USD million)

    1. 5.1 By Product

      1. 5.1.1 Imaging

      2. 5.1.2 Patient Monitoring

      3. 5.1.3 Anesthesia Machines

      4. 5.1.4 Disposables

      5. 5.1.5 Other Products

    2. 5.2 By Animals

      1. 5.2.1 Companion Animals

      2. 5.2.2 Livestock Animals

    3. 5.3 By End User

      1. 5.3.1 Veterinary Hospitals

      2. 5.3.2 Private Clinics

    4. 5.4 Geography

      1. 5.4.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.4.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. GCC

        2. South Africa

        3. Rest of Middle East and Africa

      5. 5.4.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 B. Braun SE

      2. 6.1.2 Digicare Biomedical Technology Inc.

      3. 6.1.3 Avante Animal Health

      4. 6.1.4 Covetrus, Inc.

      5. 6.1.5 Medtronic Plc

      6. 6.1.6 Midmark Corporation

      7. 6.1.7 Mindray Medical International Limited

      8. 6.1.8 ICU Medical, Inc. (Smiths Medical Inc.)

      9. 6.1.9 Vetland Medical Sales and Services

      10. 6.1.10 Vetronic Services Ltd

      11. 6.1.11 Becton, Dickinson and Company

      12. 6.1.12 Nonin

    2. *List Not Exhaustive

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments
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Veterinary Equipment and Disposables Industry Segmentation

As per the scope of the report, veterinary equipment and disposables include all kinds of medical equipment, which have been intended to help diagnose, monitor, or treat various health conditions associated with animals. It also includes disposable devices, or medical apparatus, which have been designed for temporary or one-time use, mainly for infection control. 

The veterinary equipment and disposables market is segmented by product (imaging, ventilators, patient monitoring, anesthesia machines, disposables, and other products), animal (companion animals and livestock animals), end user (veterinary hospitals and private clinics), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. 

The report offers the value (in USD million) for the above segments.

By Product
Patient Monitoring
Anesthesia Machines
Other Products
By Animals
Companion Animals
Livestock Animals
By End User
Veterinary Hospitals
Private Clinics
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle East and Africa
South Africa
Rest of Middle East and Africa
South America
Rest of South America
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Veterinary Equipment and Disposables Market Research FAQs

The Veterinary Equipment and Disposables Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)

Mindray Medical International Limited, Medtronic, B. Braun SE, ICU Medical, Inc. (Smiths Medical Inc.) and Midmark Corporation are the major companies operating in the Veterinary Equipment and Disposables Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Veterinary Equipment and Disposables Market.

The report covers the Veterinary Equipment and Disposables Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Veterinary Equipment and Disposables Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Veterinary Equipment and Disposables Industry Report

Statistics for the 2023 Veterinary Equipment and Disposables market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Veterinary Equipment and Disposables analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Veterinary Equipment and Disposables Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)