Market Size of Veterinary Infusion Pumps Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 7.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Veterinary Infusion Pumps Market Analysis
The veterinary infusion pumps market is anticipated to register a CAGR of 7.4% during the forecast period.
- The COVID-19 pandemic significantly impacted the veterinary infusion pump market as agencies struggled to balance the dual responsibilities of protecting animal welfare and maintaining public health. According to a report published by the American Veterinary Medical Association in September 2021, veterinary practices faced significant challenges during the pandemic, leading to a decrease in the number of non-urgent cases and a slowdown in market growth.
- However, as pandemic restrictions are lifted, and animal adoption rates continue to rise, the market is expected to rebound in the coming years. Key drivers of market growth include increasing animal health expenditure, rising prevalence of animal diseases, and advancements in technology. For example, mastitis is a common disease in the bovines, with a high prevalence rate in India, which has led to an increase in the adoption of infusion pumps for medication delivery during therapy.
- Initiatives from key market players and government agencies are also expected to fuel market growth. Merck Animal Health's partnership with The Street Dog Coalition to provide free veterinary care to homeless pets and the United Kingdom Government's animal welfare action plan are just a few examples of such initiatives. Additionally, the benefits of advanced veterinary infusion pumps, such as Eitan Medical's Sapphire infusion pump system, have led to increased adoption and further market growth.
- However, rising pet care costs may hinder market growth. Despite this potential challenge, the veterinary infusion pump market is expected to grow in the coming years due to the rising focus on animal health and welfare.
