Veterinary Eye Care Market - Growth, Trends, and Forecasts (2022 - 2027)

The Market is Segmented by Type (Eye Care Products and Eye Care Services), Indication, Application, and Geography.

Market Snapshot

Veterinary Eye Care Market
Study Period: 2017-2025
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 3 %
Veterinary Eye Care Market Size

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Market Overview

Veterinary Eye Care Market is expected to envision a CAGR of 3% during the forecast period. The market currently is experiencing tremendous growth due to the rising adoption of companion animals coupled with increasing pet insurance which is giving rise to animal healthcare expenditures and thus propelling the growth of the market. As per the Human Society of the United States estimation, in 2017, 84.6 million households are the United States have one or more pets. It is estimated that this trend will continue to rise even in the forecast period and the demand for their eye care will experience substantial growth in the future. The increasing burden of eye disorders in pets such as cataract glaucoma etc and rising prevalence of risk factors such as early aging or due to diabetes etc are the primary factors driving the growth of the market. Further, factors such as technological advancements to find an effective ophthalmologic cure, a rising number of veterinary practitioners and veterinary care facilities, the novel products will fuel the market growth. In addition, novel product launches and rigorous R&D investments by the companies serve to be the high impact driver in the forecast period. For instance, Akorn, Incorporated, a major player in the market announced the launch of its Abbreviated New Animal Drug Application (ANADA) for Neomycin and Polymyxin B Sulfates, and Bacitracin Zinc Ophthalmic Ointment, for the treatment of ocular bacterial infections in dogs and cats. However, lack of awareness pertaining to the eye care treatment and high cost may hamper the growth of the market

Scope of the Report

The veterinary Eye Care Market includes products and services that found various applications from cleaning pets' eyes to improve their eyesight. These products and services are intended for the treatment of various ocular disorders such as cataract, glaucoma, and infectious diseases. 

By Type
Eye Care Products
Eye Care Services
By Indication
Ocular Surface Disorders
Infectious Diseases
By Application
By Geography
North America
United States
United Kingdom
Rest of Europe
Asia Pacific
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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Key Market Trends

Eye Care Products Boost the Market Growth

The Veterinary Eye Care Market by type is segmented into, Eye Care Product and Eye Care Services. Veterinary Eye Care Products dominate the market currently, Increase in the prevalence of eye disorders in animal and growing awareness related to animal eye care drives the market growth. Animal eye care products are used in cleaning animal’s eyes, treating infections, and ocular diseases. Cyclosporine and Tacrolimus are the most recommended drug for eye diseases and thus expected to boost the market growth in the forecast period.

Veterinary Eye Care Market Forecast

North America to Remain the Largest Veterinary Eye Care Market

Globally, North America dominates the global Veterinary Eye Care Market owing to the high demand for Veterinary Eye Care products due to the increased adoption of pets in this region. Robust veterinary healthcare infrastructure increased veterinary healthcare spending and rising veterinary practices will serve as the major factors pertaining to the growth in this region. According to the American Veterinary Medical Association, there were a total of 113,398 veterinary practitioners practicing in the United States in 2018, as compared to 110,531 practitioners in 2017. An increase in the veterinary hospitals and clinics and favorable government policies and easy access to medical reimbursement policies will further project the growth in this region. For instance, according to a report published by the North American Pet Health Insurance Association (NAPHIA) in 2018, approximately 2.0 million pets were covered in health insurance in United State and estimated that this trend will increase exponentially in the forecast period.

Veterinary Eye Care Market Trends

Competitive Landscape

I-MED Animal Health, Akorn, Incorporated, Bausch & Lomb Incorporated, NUTRI-VeT, and Zoetis are some of the key players currently dominating the Veterinary Eye Care Market. The Veterinary Eye Care Market is fragmented and competitive due to the presence of a large number of players. The major players are currently aiming their attention to expand their businesses in order to strengthen their position in the market. Mergers and acquisitions seem to be one of their top strategy to uphold in the market space. For instance, in 2017, Pathway, a chain of veterinary hospitals acquired Eye Care for Animals (ECFA), to strengthen ECFA’s growth model to sustain in the competitive pace of the market.

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 Increasing Burden of Eye Diseases in Animals

      2. 4.2.2 Rising Adoption of Animal Companion

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost

      2. 4.3.2 Lack of Awareness

    4. 4.4 Porter's Five Force 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


    1. 5.1 By Type

      1. 5.1.1 Eye Care Products

      2. 5.1.2 Eye Care Services

    2. 5.2 By Indication

      1. 5.2.1 Ocular Surface Disorders

      2. 5.2.2 Glaucoma

      3. 5.2.3 Cataract

      4. 5.2.4 Infectious Diseases

      5. 5.2.5 Others

    3. 5.3 By Application

      1. 5.3.1 Dog

      2. 5.3.2 Cat

      3. 5.3.3 Others

    4. 5.4 By 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 Akorn, Incorporated

      2. 6.1.2 Bausch & Lomb Incorporated

      3. 6.1.3 Boehringer Ingelheim International GmbH

      4. 6.1.4 I-MED Animal Health

      5. 6.1.5 Innovacyn, Inc.

      6. 6.1.6 MiracleCorp

      7. 6.1.7 NUTRI-VET

      8. 6.1.8 Zoetis

    2. *List Not Exhaustive

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Veterinary Eye Care Market market is studied from 2017 - 2025.

The Veterinary Eye Care Market is growing at a CAGR of 3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

I-MED Animal Health , Akorn, Incorporated , Bausch & Lomb Incorporated , Innovacyn, Inc. , MiracleCorp are the major companies operating in Veterinary Eye Care Market .

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