US Veterinary Equipment and Disposables Market Size Likely to Expand at a CAGR of 4.92% By 2033

As per the current market research conducted by CMI Market Research Team, the US Veterinary Equipment and Disposables Market size is expected to record a CAGR of 4.92% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 914.95 Million. By 2033, the valuation is anticipated to reach USD 1,409.69 Million.

US Veterinary Equipment and Disposables Market Market: Growth Factors and Dynamics

• Increased Pet Ownership: The increasing trend of pet ownership, especially by the younger generation, enhances the veterinary services market. As more and more households continue to own pets, there is a similar increase in regular visits, preventive care and even treating illness which leads to an insatiable demand for veterinary care apparatus and disposables that are necessary for provision of effective services.

• Growing Focus on Animal Welfare: The growing recognition and advocacy for the rights of animals encourages pet owners to seek out preventive care services and treatment in good time. Such health and welfare concerns create a ready market for a more advanced infrastructure including more sophisticated equipment for diagnosis and treatment as well as disposables that preserve cleanliness.

• Advancements in Veterinary Technology: ICT applications including digital imaging, telemedicine and portable diagnostic devices play a major role in transforming veterinary medicine features. These changes help attain accurate therapies with effective linear turnaround times hence effective demand for the high-grade equipment and disposables that facilitate pet care and overall, the service offered.

• Rising Veterinary Expenditure: Veterinary expenses are increasing owing to the rising concern of pet owners on the availability of better care for their pets. It is a tendency that o includes almost revisiting a pet’s routine excluding physical checks assess or expert interferes, which triggers the appetite for both assets and supplies. The increase in expenditure signifies the patterns in animal health care over the years as spending on veterinary care is increasingly viewed as a necessity in keeping the pets healthy.

• Expansion of Veterinary Clinics and Practices: With the establishment and increase of veterinary clinics and practices in urban as well as suburban regions, there is enhanced availability of animal healthcare services. As these facilities expand, there is a need for a lot of equipment and disposables to keep up with the ever-increasing patient numbers which in turn fuels the growth of the veterinary equipment market.

• Regulatory Standards for Veterinary Practices: There are new and more stringent regulations on the practices of veterinary medicine concerning cleanliness and safety which have prompted many veterinary clinics to use better quality machines and more disposable products. These requirements emphasize health and safety which call for sterile disposables and state of the art surgical equipment hence a spike in the veterinary equipment and disposables market.

• Rising Awareness of Preventive Healthcare: Pet owners are becoming increasingly aware of the need for care that extends beyond curative measures for their pets. The pet cats and dogs are routinely being vaccinated, screened, and taken for health check-ups increasing the demand for diagnostic and disposable resources in veterinary practice hence the growth of the market.

• Increase in Demand for Specialty Veterinary Services: The need for veterinary interventions such as dentistry, orthopaedic and oncology services has been on the rise. This development calls for the use of high-tech machines and specialized disposables in the treatment and diagnosis of the conditions thus the upsurge in the market as veterinary services are geared towards meeting these demands.

US Veterinary Equipment and Disposables Market Market: Partnership and Acquisitions

• In 2024, SunTech Medical, Inc. unveiled the Vet40, a monitoring device for surgical vital signs specifically designed for animals. This latest addition to its lineup provides enhanced monitoring features that cater to veterinary clinics, improving the care and management of animal patients.

• In 2024, SK Telecom launched ‘X Caliber,’ a veterinary X-ray image diagnosis service powered by artificial intelligence. This cutting-edge service evaluates X-ray images of dogs and cats in about 15 seconds, delivering quick and precise diagnostic support for veterinarians.

Report Scope

US Veterinary Equipment and Disposables Market Market: COVID-19 Analysis

There was a considerable adverse effect of the COVID-19 Pandemic on the U.S. Veterinary Equipment and Disposables Market. This was largely brought about by disruptions in the supply chains as well as the demand fluctuations in veterinary services. In the beginning, many veterinary clinics experienced operational difficulties such as service completions or reduction of service hours, leading to a drastic drop in routine check-ups and elective procedures.

This drop in the demand for veterinary services also led to a reduction in the use of equipment and disposables. On the other hand, due to supply chain interruptions, there were also long lead times in securing basic veterinary kits which also affected the stock levels of disposable and imaging equipment which are critical in handling animals.

There was also a relative increase in the provision of urgent and emergency services; hence, there was less need for everyday animal veterinary supplies. Hence, the demand for general veterinary products and services was further decreased due to the willingness and ability to provide routine services becoming less prominent as clinics adapted to new health provision guidelines. Thus, the situation restrained the growth of the market during the period of the pandemic’s height.

List of the prominent players in the US Veterinary Equipment and Disposables Market:

• Avante Animal Health
• Braun Vet Care GmbH
• Covetrus
• Dispomed Ltd
• Masimo
• Medtronic
• Midmark Corporation
• Nonin
• Shenzhen Mindray Animal Medical Technology Co. LTD.
• Vetland Medical Sales & Services LLC
• Others

The US Veterinary Equipment and Disposables Market is segmented as follows:

By Product

• Disposables/ Consumables
• Equipment & Accessories

By Animal Type

• Large Animals
• Small Animals

By Usage

• Monitoring
• Diagnostic
• Surgical

By End-Use

• Laboratories
• Veterinary Clinics
• Veterinary Hospitals
• Others