Veterinary Procedure Lights Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 3.50 % |
| 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 Procedure Lights Market Analysis
The veterinary procedure lights market is expected to register a CAGR of 3.5% during the forecast period.
The COVID-19 pandemic had a significant impact on the veterinary procedure lights market due to the lockdown and travel restrictions imposed by the different countries around the world and partial or fully closure of veterinary services. For instance, as per the article published in September 2022 in Frontiers, spay-neuter clinics performed a sharp and significant decline in the number of procedures in March and April 2020 as a result of the COVID-19 pandemic. This adversely affected the utilization of procedure lights, which impacted the market growth. However, surgeries began to rebound in in the post pandemic coinciding with the development of safety measures such as masking, physical distancing, testing, and curbside veterinary reception. The market is expected to witness a significant growth in the coming years due to the increase in veterinary surgeries and rise in pet care managements across the globe.
Factors such as increase in number of pet adoption, rising pet humanization and the rising rate of pet injuries coupled with surgery cases are expected to drive the market growth over the forecast period. For instance, as per the 2022 statistics by HealthforAnimals, the estimated total worldwide companion animal diagnostics spending was 4.6 billion in 2022. Thus, the focus on monitoring animals is expected to utilize the examination lights in the veterinary clinics, thereby driving the market growth over the forecast period. Furthermore, an increasing number of hospitals performing surgeries in animals are driving the market growth. Surgery is commonly used in the management of solid tumors (i.e. tumors that are 'lumps' rather than tumors such as leukaemia that are not just in one place) in dogs and cats. Mostly these cancer cells are removed through surgery. Moreover, as per the article published in February 2022 in Wiley, cancer is also the leading cause of disease-related death for older companion and working dogs in the developed world. Hence to demolish the disease, surgery is the main option provided and as cancer in dogs becomes more prevalent surgical procedures were more adopted and thereby utilizing the surgical lights which leads to the market growth.
Thus, due to the surge in pet adoption and increase in veterinary surgeries, the market studied is likely to witness a significant market growth over the forecast period. However, high cost of the veterinary procedures are expected to restrain the market growth over the forecast period.
Veterinary Procedure Lights Market Trends
Surgical Lights in Veterinary Procedure is Estimated to Witness a Healthy Growth Over the Forecast Period
Surgical lights in veterinary procedures are estimated to witness a healthy growth in future attributing to rising awareness about pet safety, increasing injuries and surgical procedure related to pet. Surgical lights are the device used during the veterinary procedure to assist the pet specialist and make it more convenient to give better outcomes. The rising number of hospitals in developing countries with increasing acceptance of advanced LED surgical lights are some more factors propelling the segment growth. For instance, in November 2022, Noe Animal Hospital officially opened and now offers the full spectrum of veterinary services to San Francisco and the surrounding neighbourhoods. Services offered at the new Noe Animal Hospital include wellness check-ups, vaccinations, microchipping, dental care, soft tissue surgeries, including spaying and neutering, urgent medical care, and chronic disease management.
Furthermore, rapid technological advancements and more expenditure on animal healthcare, devices and instruments have been becoming better, safer, and more precise. Adoption of key strategies to advance surgical care for animals will also boost the market. For instance, in April 2022, Orthomed entered into a partnership with Osso VR to bring RoVR surgical training to the animal health market. This first-of-its-kind training technology allows veterinarians to practice procedures anytime, anywhere in virtual reality (VR). Such technological integration will improve the efficiency of surgical procedures, hence increasing the number of surgeries performed, thus driving the market.
Thus, due to the increase in veterinary surgeries, and launch of veterinary clinics the studied segment is likely to witness a significant market growth over the forecast period.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a significant market share in the global veterinary procedure lights market due to the increasing adoption of pets and the rising prevalence of veterinary diseases. For instance, according to the 2021-2022 National Pet Owners Survey conducted by the American Pet Products Association (APPA), around 70% of US households own a pet, equating to 90.5 million homes, including 45.3 million cats and 69 million dogs. The rising instances of pet insurance in the country are also expected to boost market growth. For instance, according to the 2022 statistics published by the Insurance Information Institute, California (19.3%), New York (8.4%), and Florida (6.1%) are the three states with the highest percentage of insured pets. Thus, the growing pet adoption is leading to an increase in the focus on the availability of pet insurance. Due to the availability of pet insurance, pet owners are spending more on pet healthcare. This is creating opportunities for the development and availability of advanced and innovative veterinary procedure lights, thereby driving the market growth over the forecast period.
The development of products that make surgical procedures easier in the country and the use of key strategies like partnerships, investments, and expansion, among others, will also help in the market expansion. For instance, in June 2021, Veterinary Instrumentation (Vi) expanded into the United States market. The expansion provided the company's vast catalog of highly regarded veterinary products and educational courses to the North American market.
Thus, due to the increase in pet adoption, insurance policies and strategic activities by the key players, North America is expected to hold a significant market share over the forecast period.
Veterinary Procedure Lights Industry Overview
The veterinary procedure lights market is fragmented in nature and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Medical Illumination, Midmark Corporation, Suburban Surgical Co., Inc., Sunnex Group, ACEM S.p.A, and MDS Incorporated.
Veterinary Procedure Lights Market Leaders
Medical Illumination
Midmark Corporation
ACEM S.p.A
Burtons Medical Equipment Ltd
Avante Animal Health
*Disclaimer: Major Players sorted in no particular order
Veterinary Procedure Lights Market News
- In October 2022, The Oregon Humane Society expanded its services with a new community veterinary hospital in Portland. The hospital provides surgery, dentistry, preventative health care, and urgent care for the veterinary population.
- In May 2022, Union Minister for Fisheries, Animal Husbandry, and Dairying inaugurated Mobile Veterinary Units (MVUs) to provide veterinary services at the farmer's doorstep. These MVUs will be customized fabricated vehicles for veterinary healthcare with equipment for diagnosis, treatment & minor surgery, audio-visual aids, and other basic requirements for the treatment of animals.
Veterinary Procedure Lights Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in Focus on Veterinary Welfare
4.2.2 Rising Pet Humanization
4.2.3 Increase in Surgeries in Animals
4.3 Market Restraints
4.3.1 High Cost of Veterinary Procedure
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
5.1 By Type
5.1.1 Examination Lights
5.1.2 Surgery Lights
5.1.3 Frontal Binocular Headlights
5.1.4 Frontal Binocular Microscope
5.2 By End User
5.2.1 Veterinary Hospitals
5.2.2 Veterinary Surgical Centers
5.2.3 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Avante Animal Health
6.1.2 Medical Illumination
6.1.3 Midmark Corporation
6.1.4 Suburban Surgical Co., Inc.
6.1.5 ACEM S.p.A
6.1.6 MDS Incorporated
6.1.7 Dispomed ltd
6.1.8 Waldmann Lighting
6.1.9 Burtons Medical Equipment Ltd
6.1.10 Planet Lighting
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Veterinary Procedure Lights Industry Segmentation
As per the scope of the report, veterinary procedure lights are the operating lights used in surgical procedures. The Veterinary Procedure Lights Market is Segmented by Type (Examination Lights, Surgery Lights, Frontal Binocular Headlights, Frontal Binocular Microscopes), End User (Veterinary Hospitals Veterinary Surgical Centers, Others) and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.
| By Type | |
| Examination Lights | |
| Surgery Lights | |
| Frontal Binocular Headlights | |
| Frontal Binocular Microscope |
| By End User | |
| Veterinary Hospitals | |
| Veterinary Surgical Centers | |
| Others |
| Geography | ||||||||
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Veterinary Procedure Lights Market Research FAQs
What is the current Veterinary Procedure Lights Market size?
The Veterinary Procedure Lights Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
Who are the key players in Veterinary Procedure Lights Market?
Medical Illumination, Midmark Corporation, ACEM S.p.A, Burtons Medical Equipment Ltd and Avante Animal Health are the major companies operating in the Veterinary Procedure Lights Market.
Which is the fastest growing region in Veterinary Procedure Lights Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Veterinary Procedure Lights Market?
In 2024, the North America accounts for the largest market share in Veterinary Procedure Lights Market.
What years does this Veterinary Procedure Lights Market cover?
The report covers the Veterinary Procedure Lights Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Veterinary Procedure Lights Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Veterinary Procedure Lights Industry Report
Statistics for the 2024 Veterinary Procedure Lights market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Veterinary Procedure Lights analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
