Executive Summary

The global veterinary equipment and disposables market is expected to grow at a CAGR of 6.2% from 2021 to 2028, reaching a market size of USD 4.7 billion by 2028. The market is driven by the increasing demand for animal healthcare services and the rising prevalence of animal diseases. North America dominates the market due to the high pet ownership rate and favorable government initiatives. The market is highly competitive, with key players focusing on new product development, partnerships, and acquisitions to strengthen their market position.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

• Rising Pet Ownership: Growth in companion animals drives demand for veterinary diagnostics, surgical, and consumable products.

• Advanced Imaging Adoption: Digital radiography, ultrasound, and endoscopy systems improve animal care standards.

• Point-of-Care Diagnostics: In-clinic analyzers for blood, fecal, and infectious disease testing accelerate treatment decisions.

• Single-use Disposable Trend: Needlestick safety and infection control bolster adoption of disposable syringes, catheters, and gowns.

• Rural & Ambulatory Services: Mobile vet clinics and field services require portable equipment and sterile disposables.

Market Drivers

1. Pet Humanization: Owners willing to spend on advanced treatments and preventive care for companion animals.

2. Livestock Health Programs: Disease monitoring and biosecurity in agriculture support demand for robust equipment.

3. Regulatory Standards: Stricter animal welfare guidelines increase use of diagnostic and monitoring devices.

4. Clinic Modernization: Independent and chain practices upgrade to digital workflows and disposable supplies.

5. Tele-veterinary Expansion: Remote consultation tools integrate with portable diagnostics for field settings.

Market Restraints

1. Cost Sensitivity: High-end imaging and monitoring systems may be unaffordable for smaller clinics.

2. Supply Chain Disruptions: Global raw-material shortages can lead to disposable product scarcities.

3. Training Needs: Veterinarians and technicians require specialized training for new equipment.

4. Regulatory Heterogeneity: Varying approval processes for veterinary devices and disposables across regions.

5. Environmental Concerns: Growing scrutiny over single-use plastic waste in disposables.

Market Opportunities

1. 3D Printing of Implants & Models: Custom surgical guides and prosthetics for companion and large animals.

2. Eco-friendly Disposables: Biodegradable and compostable materials to address waste concerns.

3. Subscription Consumables: Recurring supply models for high-use disposables (e.g., test strips, syringes).

4. Wearable Animal Monitors: Collars and patches that track vital signs and behavior for early disease detection.

5. Integrated Practice Management: Software platforms bundling equipment usage data with inventory and appointment scheduling.

Market Dynamics

The veterinary equipment and disposables market is driven by the increasing demand for animal healthcare services, especially in developed countries where pet ownership rates are high. Additionally, the rising prevalence of animal diseases, such as obesity, cancer, and diabetes, is driving the demand for veterinary equipment and disposables.

Technological advancements in veterinary equipment and disposables are also driving the market. For instance, the development of digital imaging technology and portable diagnostic devices has revolutionized veterinary diagnosis and treatment. These advancements have improved the accuracy and speed of diagnosis, making it easier for veterinarians to provide effective treatment.

However, the high cost of veterinary equipment and disposables remains a major restraint for the market. Additionally, the limited availability of skilled veterinarians and stringent regulatory guidelines also hinder the growth of the market.

The market offers several opportunities for growth, particularly in emerging markets such as Asia-Pacific and Latin America. The rising demand for pet insurance and increasing adoption of telemedicine in veterinary healthcare also present significant growth opportunities.

Regional Analysis

North America dominates the veterinary equipment and disposables market due to the high pet ownership rate and favorable government initiatives. The region is home to several key players in the market, including IDEXX Laboratories, Inc., Henry Schein, Inc., and Patterson Companies, Inc.

Europe is also a significant market for veterinary equipment and disposables, with countries such as the UK, Germany, and France driving growth. The market in Asia-Pacific is expected to grow at the highest rate during the forecast period, driven by increasing pet ownership rates and rising demand for animal healthcare services.

Competitive Landscape

Leading companies in the Veterinary Equipment and Disposables Market:

1. Mindray Medical International Limited
2. DRE Veterinary
3. IDEXX Laboratories, Inc.
4. Vetland Medical Sales & Services, LLC
5. Jorgensen Laboratories, Inc.
6. Smiths Group plc (Smiths Medical)
7. Midmark Corporation
8. Henry Schein, Inc.
9. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
10. B. Braun Melsungen AG

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The veterinary equipment and disposables market can be segmented based on product type, animal type, end user, and geography.

Based on product type, the market can be segmented into anesthesia machines, ventilators, surgical equipment, diagnostic instruments, imaging equipment, and others.

Based on animal type, the market can be segmented into companion animals and livestock animals.

Based on end user, the market can be segmented into veterinary hospitals and clinics, research institutes, and others.

Category-wise Insights

Based on product type, the diagnostic instruments segment is expected to dominate the market during the forecast period. This is attributed to the increasing prevalence of animal diseases and the need for accurate diagnosis.

Based on animal type, the companion animals segment is expected to dominate the market, driven by the rising pet ownership rates and increasing demand for veterinary services for companion animals.

Based on end user, the veterinary hospitals and clinics segment is expected to dominate the market due to the increasing number of veterinary hospitals and clinics and the rising demand for animal healthcare services.

Key Benefits for Industry Participants and Stakeholders

• Detailed analysis of the veterinary equipment and disposables market and its drivers, restraints, and opportunities
• In-depth understanding of the market segmentation and its sub-segments
• Comprehensive analysis of the competitive landscape and key players operating in the market
• Identification of key trends and future prospects for the market
• Detailed analysis of the impact of COVID-19 on the market and its future outlook

SWOT Analysis

Strengths:

• Growing demand for animal healthcare services
• Increasing prevalence of animal diseases
• Technological advancements in veterinary equipment and disposables

Weaknesses:

• High cost of veterinary equipment and disposables
• Limited availability of skilled veterinarians
• Stringent regulatory guidelines

Opportunities:

• Emerging markets in Asia-Pacific and Latin America
• Rising demand for pet insurance
• Increasing adoption of telemedicine in veterinary healthcare

Threats:

• Intense competition among key players
• Economic instability in some regions
• Political and regulatory uncertainties

Market Key Trends

• Technological advancements in veterinary equipment and disposables
• Rising adoption of telemedicine in veterinary healthcare
• Increasing demand for pet insurance
• Growing popularity of wearable technology for pets

Covid-19 Impact

The COVID-19 pandemic had a mixed impact on the veterinary equipment and disposables market. The initial outbreak led to a decrease in demand for non-essential veterinary services, including elective surgeries and routine check-ups. However, the pandemic also led to an increase in pet ownership rates, with many people adopting pets to cope with the stress and loneliness of lockdowns.

Additionally, the pandemic highlighted the importance of animal health and welfare, leading to an increase in demand for veterinary equipment and disposables. The pandemic also accelerated the adoption of telemedicine in veterinary healthcare, as pet owners sought to minimize their exposure to the virus.

Key Industry Developments

• In June 2020, IDEXX Laboratories, Inc. launched a new fecal antigen test for canine parvovirus, which can be used in-clinic to quickly diagnose the disease.
• In January 2021, Midmark Corporation acquired VSSI, Inc., a manufacturer of veterinary stainless-steel equipment and products, to. expand its product offerings in the veterinary equipment market.

Analyst Suggestions

Based on the analysis of the veterinary equipment and disposables market, analysts suggest that key players should focus on new product development, partnerships, and acquisitions to strengthen their market position. In addition, companies should focus on expanding their presence in emerging markets such as Asia-Pacific and Latin America, which offer significant growth opportunities.

Companies should also focus on technological advancements in veterinary equipment and disposables, such as digital imaging technology and portable diagnostic devices. These advancements can help to improve the accuracy and speed of diagnosis, making it easier for veterinarians to provide effective treatment.

Future Outlook

The global veterinary equipment and disposables market is expected to grow at a CAGR of 6.2% from 2021 to 2028, reaching a market size of USD 4.7 billion by 2028. The market is driven by the increasing demand for animal healthcare services and the rising prevalence of animal diseases.

The market is highly competitive, with key players focusing on new product development, partnerships, and acquisitions to strengthen their market position. Emerging markets in Asia-Pacific and Latin America present significant growth opportunities, along with the rising demand for pet insurance and increasing adoption of telemedicine in veterinary healthcare.

Conclusion

The veterinary equipment and disposables market is driven by the increasing demand for animal healthcare services, rising pet ownership rates, and the growing prevalence of animal diseases. Technological advancements in veterinary equipment and disposables are driving the market, along with favorable government initiatives.

The market is highly competitive, with key players focusing on new product development, partnerships, and acquisitions to strengthen their market position. Emerging markets in Asia-Pacific and Latin America present significant growth opportunities, along with the rising demand for pet insurance and increasing adoption of telemedicine in veterinary healthcare.

Overall, the veterinary equipment and disposables market is expected to continue to grow in the coming years, driven by the increasing importance of animal health and welfare and the growing demand for high-quality animal healthcare services.