US Veterinary Equipment and Disposables Market Size, Trends and Insights By Animal Type (Companion Animals, Dogs, Cats, Other Small Pets, Farm Animals, Cattle, Poultry, Swine, Sheep and Goats, Horses, Other), By Product Type (Veterinary Equipment, Diagnostic Equipment, Ultrasound Machines, X-ray Machines, Endoscopy Equipment, Surgical Instruments, Surgical Tables, Operating Lights, Electrosurgical Units, Monitoring Equipment, Anesthesia Machines, Patient Monitors, Other Equipment, Laser Therapy Equipment, Infusion Pumps, Veterinary Disposables, Needles and Syringes, Surgical Drapes and Gowns, Catheters and Tubing, Gloves, Others), By Usage (Surgical, Diagnostic, Monitoring), By End Use (Veterinary Hospitals, Veterinary Clinics, Laboratories, Others), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Reports Description
As per the current market research conducted by the CMI Team, the US Veterinary Equipment and Disposables Market is expected to record a CAGR of 5.1% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 968.4 Million. By 2033, the valuation is anticipated to reach USD 1,515.2 Million.
Total U.S. Pet Industry Expenditures
| Year | Billions of Dollars |
| 2024 | 150.6 |
| 2023 | 147 |
| 2022 | 136.8 |
| 2021 | 123.6 |
| 2020 | 108.9 |
| 2019 | 97.1 |
| 2018 | 90.5 |
Source: According to American Pet Product Association
The US veterinary equipment and disposables market encompasses a broad range of products used for the diagnosis, treatment, and care of animals, including diagnostic tools, surgical instruments, monitoring equipment, and various disposables. This market serves veterinary clinics, hospitals, research laboratories, and private pet owners.
Trends like rising pet ownership, improvements in veterinary technology, and a growing emphasis on preventive care are all factors that influence it. The market is characterized by continuous innovation, with key players introducing advanced equipment and solutions to meet evolving needs and improve animal health outcomes. The expansion of telemedicine and enhanced safety protocols further drive the market.
US Veterinary Equipment and Disposables Market – Significant Growth Factors
The US Veterinary Equipment and Disposables Market presents significant growth opportunities due to several factors:
- Rising Pet Ownership: The number of households with cats and dogs is rising in the United States, resulting in a higher demand for veterinary services as well as accessories. Since more and more households invest in pet animals, sophisticated veterinary medicines and disposables are always necessary to provide adequate treatment.
- Technological Advancements: This is by improving the diagnostic procedures as well as surgical instrumentation that boosts up the value of the chain. Such advancement acts as a catalyst in increasing the use of modern veterinary equipment and disposables, hence enhancing market growth.
- Focus on Preventive Care: The focus on early disease detection and preventive care increases the utilisation of diagnostic and monitoring tools. Consumers, including people who own pets, together with veterinary practices, have been on the lookout for products that enhance early health risk mitigation.
- Telemedicine Integration: The use of veterinary telemedicine is still in its infancy and creates the possibility of developing remote diagnosing tools and equipment. With telemedicine now being considered a permanent change to veterinary practice, there is a need for enablers for remote consultation and monitoring.
- Expansion in Emerging Markets: Expansion in the extent of investment in veterinary infrastructure and service delivery in developing countries is possible. While building their capacity in veterinary services, these regions will need a host of veterinary equipment disposables, opening up new opportunities for growth in the market.
US Veterinary Equipment and Disposables Market – Key Developments
The US Veterinary Equipment and Disposables Market has seen several key developments in recent years, with companies seeking to expand their market presence and leverage synergies to improve their offerings and profitability. Some notable examples of key developments in the US Veterinary Equipment and Disposables Market include:
- In 2024, SunTech Medical, Inc. launched the Vet40, a surgical vital signs monitor designed specifically for pets. This new product expands its portfolio by providing advanced monitoring capabilities tailored to veterinary practices, enhancing the care and management of animal patients.
- In 2024, SK Telecom introduced ‘X Caliber,’ an AI-based veterinary X-ray image diagnosis service. This innovative service analyzes X-ray images of dogs and cats within approximately 15 seconds, offering rapid and accurate diagnostic assistance for veterinarians.
These key developments have helped companies expand their offerings, improve their market presence, and capitalize on growth opportunities in the US Veterinary Equipment and Disposables Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| US Veterinary Equipment and Disposables Market | Gastrointestinal Endoscopy Devices Market | Animal Genetics Market |
| CAGR 5.1% (Approx) | CAGR 5.8% (Approx) | CAGR 5.89% (Approx) |
| USD 1,515.2 Million by 2033 | USD 21,413.4 Million by 2033 | USD 10.88 Billion by 2033 |
US Veterinary Equipment and Disposables Market – Significant Threats
The US Veterinary Equipment and Disposables Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Economic Downturns: Economic recessions or financial instability can lead to reduced consumer spending on veterinary care. This can result in decreased demand for veterinary equipment and disposables, as both pet owners and veterinary practices may cut back on non-essential expenditures.
- Regulatory Challenges: Stringent regulations and compliance requirements for veterinary products can pose challenges. Meeting these standards involves significant costs and complex procedures, which may impact the availability and affordability of equipment and disposables.
- Supply Chain Disruptions: Ongoing or future supply chain disruptions, like those seen during the COVID-19 pandemic, can lead to shortages and delays in the availability of veterinary equipment and disposables. Such disruptions can hinder market stability and affect veterinary practices’ operations.
- High Competition and Price Pressure: Intense competition among key players and new entrants can lead to price pressure and reduced profit margins. Veterinary practices may face challenges in balancing cost-effectiveness with the need for high-quality equipment and disposables.
- Technological Obsolescence: Rapid advancements in technology can lead to the obsolescence of existing equipment and disposables. Veterinary practices may need to continually invest in the latest technologies, which can be a financial burden and impact market dynamics.
Category-Wise Insights
By Animal Type:
- Companion Animals: This segment involves animals like dogs, cats and other small animals like rabbits, and birds, among others. The major trends identified in the US veterinary equipment and disposables market for companion animals are in the areas of diagnostics, surgical accessories, and preventive healthcare products. There is growth in pet ownership and expenditure across the globe, and therefore, concerns about pet health expedite the demand for imaging systems, dental care disposables, and preventive diagnostic tools.
- Farm Animals: This segment includes cattle, poultry, as well as swine. Trends that exist in the US veterinary equipment and disposables market include automation systems for health monitoring, disease control and breeding. The existing and emerging markets require economic yet effective veterinary solutions that require large-volume diagnostics, vaccines, and disposables with a focus on farm animal health and production.
- Horses: This segment is devoted to equine veterinary diagnostics, treatment and therapeutic equipment for horses. In the US market trends include advanced imaging technology, orthopaedic surgical instruments, specialized disposables. The increase in interest in equestrian sports as well as the focus on performance and health management drive the need for high-quality, specialized equipment and disposables to maintain horse health and performance.
- Other: This segment includes exotic animals, laboratory animals, and wildlife. Trends in the US Veterinary Equipment and Disposables Market for this segment involve the development of specialized diagnostic tools and care products to address unique health needs. Advances in veterinary care for exotic and research animals drive demand for innovative equipment and disposables tailored to diverse species and specialized medical requirements.
By Product Type
- Veterinary Equipment: Veterinary equipment refers to all those tools and devices that are used for diagnosing, treating and supervising the animal’s health This includes diagnostic machines, surgical instruments, and monitoring devices. Trends in the US market include a growing utilization of advanced technologies like digital radiography and ultrasound and the incorporation of telemedicine solutions.
- Veterinary Disposables: Veterinary disposals consist of syringes, needles, gloves, surgical drapes and others that are used once and then disposed of. These are crucial items required for maintaining hygiene and preventing cross-contamination. Some of the prevailing trends in the US market include increasing concern to the environment and the use of sustainably sourced and biodegradable disposables. Moreover, there is a growing emphasis on safety and infection control, which boosts the demand for high-quality, reliable disposable products.
By Usage
- Surgical: Surgical equipment in the US veterinary market includes tools for operations and procedures. Trends include innovations in the techniques adopted such as minimally invasive surgical procedures and better surgical tools that are aimed at improving precision and recovery times for pets. It is seen that there is a rising interest in performing more intricate surgery, thus, there is a focus on companies to meet the standards required for producing these surgical tools and disposables.
- Diagnostic: Diagnostic equipment comprises items such as imaging devices, test equipment, and diagnostic kits. Trends include the integration of advanced technologies such as digital imaging or using different types of rapid diagnostic tests. The need to have modern diagnostic equipment that can deliver high accuracy and efficiency when identifying the conditions that prevail in the animals leads to early intervention and hence increased health of the animals.
- Monitoring: Monitoring equipment involves tools for tracking vital signs and health metrics. Trends include high end patient monitors and continuous monitoring systems. Stakeholders prioritize real time technology data and patient care improvements, hence the need for advanced monitoring solutions, boosting veterinary care and treatment efficiency.
By End Use
- Veterinary Hospitals: Veterinary hospitals offered in veterinary hospitals include intensive care, diagnostic services, and surgery services. Features among them are the heightened use of high-tech instruments and specialty disposables to offer state-of-the-art services that also improve the patient experience.
- Veterinary Clinics: Veterinary clinics offer routine and preventive care. Trends include increasing demand for affordable and effective diagnostics to cater for day-to-day activities or to cater for the growing expectations of the clients, the pets.
- Laboratories: Veterinary laboratories conduct tests and research to support diagnostics and treatment. Trends include a shift to the purchase of expensive diagnostic equipment and disposables as veterinarians seek to get accurate results within the shortest time possible.
- Others: This category includes animal shelters and research institutions. Trends involve increasing use of basic diagnostic tools and disposables to ensure effective care and support research initiatives, reflecting broader demand for cost-effective and versatile veterinary solutions.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 968.4 Million |
| Projected Market Size in 2033 | USD 1,515.2 Million |
| Market Size in 2023 | USD 921.4 Million |
| CAGR Growth Rate | 5.1% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Animal Type, Product Type, Usage, End Use and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Country Scope | US |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Competitive Landscape – US Veterinary Equipment and Disposables Market
The US Veterinary Equipment and Disposables Market is highly competitive, with a large number of players operating in the US. Some of the key players in the market include:
- Zoetis Inc.
- Boehringer Ingelheim Animal Health
- Elanco Animal Health Incorporated
- Mars Petcare Inc.
- CVS Health Corporation (Animal Health Division)
- Idexx Laboratories Inc.
- Smiths Medical (a part of Smiths Group plc)
- Nasco
- VetScan (part of Abaxis Inc.)
- Heska Corporation
- Surgical Holdings
- MediVet America Inc.
- American Veterinary Products
- Jorgensen Labs Inc.
- Bioniche Animal Health
- Others
These companies operate in the market through various strategies such as innovation, mergers and acquisitions, and partnerships.
New players like VetCT and Haleon have entered the US veterinary equipment and disposables market by adopting innovations such as advanced telemedicine solutions and state-of-the-art diagnostic tools, targeting the growing need for remote consultations and high-quality care.
Dominant key players, including Zoetis Inc., Idexx Laboratories, and Boehringer Ingelheim, lead the market through extensive product portfolios, continuous technological advancements, and strong distribution networks. Their dedication to cutting-edge research, extensive service offerings, and strategic partnerships that promote market expansion and industry standards reinforce their dominance.
The US Veterinary Equipment and Disposables Market is segmented as follows:
By Animal Type
- Companion Animals
- Dogs
- Cats
- Other Small Pets
- Farm Animals
- Cattle
- Poultry
- Swine
- Sheep and Goats
- Horses
- Other
By Product Type
- Veterinary Equipment
- Diagnostic Equipment
- Ultrasound Machines
- X-ray Machines
- Endoscopy Equipment
- Surgical Instruments
- Surgical Tables
- Operating Lights
- Electrosurgical Units
- Monitoring Equipment
- Anesthesia Machines
- Patient Monitors
- Other Equipment
- Laser Therapy Equipment
- Infusion Pumps
- Veterinary Disposables
- Needles and Syringes
- Surgical Drapes and Gowns
- Catheters and Tubing
- Gloves
- Others
By Usage
- Surgical
- Diagnostic
- Monitoring
By End Use
- Veterinary Hospitals
- Veterinary Clinics
- Laboratories
- Others
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 US Veterinary Equipment and Disposables Market, (2024 – 2033) (USD Million)
- 2.2 US Veterinary Equipment and Disposables Market: snapshot
- Chapter 3. US Veterinary Equipment and Disposables Market – Industry Analysis
- 3.1 US Veterinary Equipment and Disposables Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising Pet Ownership
- 3.2.2 Technological Advancements
- 3.2.3 Focus on Preventive Care
- 3.2.4 Telemedicine Integration
- 3.2.5 Expansion in Emerging Markets.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Animal Type
- 3.7.2 Market Attractiveness Analysis By Product Type
- 3.7.3 Market Attractiveness Analysis By Usage
- 3.7.4 Market Attractiveness Analysis By End Use
- Chapter 4. US Veterinary Equipment and Disposables Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 US Veterinary Equipment and Disposables Market: company market share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. US Veterinary Equipment and Disposables Market – Animal Type Analysis
- 5.1 US Veterinary Equipment and Disposables Market Overview: By Animal Type
- 5.1.1 US Veterinary Equipment and Disposables Market Share, By Animal Type, 2023 and 2033
- 5.2 Companion Animals
- 5.2.1 US Veterinary Equipment and Disposables Market by Companion Animals, 2024 – 2033 (USD Million)
- 5.3 Dogs
- 5.3.1 US Veterinary Equipment and Disposables Market by Dogs, 2024 – 2033 (USD Million)
- 5.4 Cats
- 5.4.1 US Veterinary Equipment and Disposables Market by Cats, 2024 – 2033 (USD Million)
- 5.5 Other Small Pets
- 5.5.1 US Veterinary Equipment and Disposables Market by Other Small Pets, 2024 – 2033 (USD Million)
- 5.6 Farm Animals
- 5.6.1 US Veterinary Equipment and Disposables Market by Farm Animals, 2024 – 2033 (USD Million)
- 5.7 Cattle
- 5.7.1 US Veterinary Equipment and Disposables Market by Cattle, 2024 – 2033 (USD Million)
- 5.8 Poultry
- 5.8.1 US Veterinary Equipment and Disposables Market by Poultry, 2024 – 2033 (USD Million)
- 5.9 Swine
- 5.9.1 US Veterinary Equipment and Disposables Market by Swine, 2024 – 2033 (USD Million)
- 5.10 Sheep and Goats
- 5.10.1 US Veterinary Equipment and Disposables Market by Sheep and Goats, 2024 – 2033 (USD Million)
- 5.11 Horses
- 5.11.1 US Veterinary Equipment and Disposables Market by Horses, 2024 – 2033 (USD Million)
- 5.12 Other
- 5.12.1 US Veterinary Equipment and Disposables Market by Other, 2024 – 2033 (USD Million)
- 5.1 US Veterinary Equipment and Disposables Market Overview: By Animal Type
- Chapter 6. US Veterinary Equipment and Disposables Market – Product Type Analysis
- 6.1 US Veterinary Equipment and Disposables Market Overview: By Product Type
- 6.1.1 US Veterinary Equipment and Disposables Market Share, By Product Type, 2023 and 2033
- 6.2 Veterinary Equipment
- 6.2.1 US Veterinary Equipment and Disposables Market by Veterinary Equipment, 2024 – 2033 (USD Million)
- 6.3 Diagnostic Equipment
- 6.3.1 US Veterinary Equipment and Disposables Market by Diagnostic Equipment, 2024 – 2033 (USD Million)
- 6.4 Ultrasound Machines
- 6.4.1 US Veterinary Equipment and Disposables Market by Ultrasound Machines, 2024 – 2033 (USD Million)
- 6.5 X-ray Machines
- 6.5.1 US Veterinary Equipment and Disposables Market by X-ray Machines, 2024 – 2033 (USD Million)
- 6.6 Endoscopy Equipment
- 6.6.1 US Veterinary Equipment and Disposables Market by Endoscopy Equipment, 2024 – 2033 (USD Million)
- 6.7 Surgical Instruments
- 6.7.1 US Veterinary Equipment and Disposables Market by Surgical Instruments, 2024 – 2033 (USD Million)
- 6.8 Surgical Tables
- 6.8.1 US Veterinary Equipment and Disposables Market by Surgical Tables, 2024 – 2033 (USD Million)
- 6.9 Operating Lights
- 6.9.1 US Veterinary Equipment and Disposables Market by Operating Lights, 2024 – 2033 (USD Million)
- 6.10 Electrosurgical Units
- 6.10.1 US Veterinary Equipment and Disposables Market by Electrosurgical Units, 2024 – 2033 (USD Million)
- 6.11 Monitoring Equipment
- 6.11.1 US Veterinary Equipment and Disposables Market by Monitoring Equipment, 2024 – 2033 (USD Million)
- 6.12 Anesthesia Machines
- 6.12.1 US Veterinary Equipment and Disposables Market by Anesthesia Machines, 2024 – 2033 (USD Million)
- 6.13 Patient Monitors
- 6.13.1 US Veterinary Equipment and Disposables Market by Patient Monitors, 2024 – 2033 (USD Million)
- 6.14 Other Equipment
- 6.14.1 US Veterinary Equipment and Disposables Market by Other Equipment, 2024 – 2033 (USD Million)
- 6.15 Laser Therapy Equipment
- 6.15.1 US Veterinary Equipment and Disposables Market by Laser Therapy Equipment, 2024 – 2033 (USD Million)
- 6.16 Infusion Pumps
- 6.16.1 US Veterinary Equipment and Disposables Market by Infusion Pumps, 2024 – 2033 (USD Million)
- 6.17 Veterinary Disposables
- 6.17.1 US Veterinary Equipment and Disposables Market by Veterinary Disposables, 2024 – 2033 (USD Million)
- 6.18 Needles and Syringes
- 6.18.1 US Veterinary Equipment and Disposables Market by Needles and Syringes, 2024 – 2033 (USD Million)
- 6.19 Surgical Drapes and Gowns
- 6.19.1 US Veterinary Equipment and Disposables Market by Surgical Drapes and Gowns, 2024 – 2033 (USD Million)
- 6.20 Catheters and Tubing
- 6.20.1 US Veterinary Equipment and Disposables Market by Catheters and Tubing, 2024 – 2033 (USD Million)
- 6.21 Gloves
- 6.21.1 US Veterinary Equipment and Disposables Market by Gloves, 2024 – 2033 (USD Million)
- 6.22 Others
- 6.22.1 US Veterinary Equipment and Disposables Market by Others, 2024 – 2033 (USD Million)
- 6.1 US Veterinary Equipment and Disposables Market Overview: By Product Type
- Chapter 7. US Veterinary Equipment and Disposables Market – Usage Analysis
- 7.1 US Veterinary Equipment and Disposables Market Overview: By Usage
- 7.1.1 US Veterinary Equipment and Disposables Market Share, By Usage, 2023 and 2033
- 7.2 Surgical
- 7.2.1 US Veterinary Equipment and Disposables Market by Surgical, 2024 – 2033 (USD Million)
- 7.3 Diagnostic
- 7.3.1 US Veterinary Equipment and Disposables Market by Diagnostic, 2024 – 2033 (USD Million)
- 7.4 Monitoring
- 7.4.1 US Veterinary Equipment and Disposables Market by Monitoring, 2024 – 2033 (USD Million)
- 7.1 US Veterinary Equipment and Disposables Market Overview: By Usage
- Chapter 8. US Veterinary Equipment and Disposables Market – End Use Analysis
- 8.1 US Veterinary Equipment and Disposables Market Overview: By End Use
- 8.1.1 US Veterinary Equipment and Disposables Market Share, By End Use, 2023 and 2033
- 8.2 Veterinary Hospitals
- 8.2.1 US Veterinary Equipment and Disposables Market by Veterinary Hospitals, 2024 – 2033 (USD Million)
- 8.3 Veterinary Clinics
- 8.3.1 US Veterinary Equipment and Disposables Market by Veterinary Clinics, 2024 – 2033 (USD Million)
- 8.4 Laboratories
- 8.4.1 US Veterinary Equipment and Disposables Market by Laboratories, 2024 – 2033 (USD Million)
- 8.5 Others
- 8.5.1 US Veterinary Equipment and Disposables Market by Others, 2024 – 2033 (USD Million)
- 8.1 US Veterinary Equipment and Disposables Market Overview: By End Use
- Chapter 9. US Veterinary Equipment and Disposables Market – Regional Analysis
- 9.1 US Veterinary Equipment and Disposables Market Regional Overview
- 9.2 US Veterinary Equipment and Disposables Market Share, by Region, 2023 & 2033 (USD Million)
- Chapter 10. Company Profiles
- 10.1 Zoetis Inc.
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Boehringer Ingelheim Animal Health
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Elanco Animal Health Incorporated
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Mars Petcare Inc.
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 CVS Health Corporation (Animal Health Division)
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Idexx Laboratories Inc.
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Smiths Medical (a part of Smiths Group plc)
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Nasco
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 VetScan (part of Abaxis Inc.)
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Heska Corporation
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Surgical Holdings
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 MediVet America Inc.
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 American Veterinary Products
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 Jorgensen Labs Inc.
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 Bioniche Animal Health
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Others.
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.1 Zoetis Inc.
List Of Figures
Figures No 1 to 52
List Of Tables
Tables No 1 to 2
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
|
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
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Prominent Player
- Zoetis Inc.
- Boehringer Ingelheim Animal Health
- Elanco Animal Health Incorporated
- Mars Petcare Inc.
- CVS Health Corporation (Animal Health Division)
- Idexx Laboratories Inc.
- Smiths Medical (a part of Smiths Group plc)
- Nasco
- VetScan (part of Abaxis Inc.)
- Heska Corporation
- Surgical Holdings
- MediVet America Inc.
- American Veterinary Products
- Jorgensen Labs Inc.
- Bioniche Animal Health
- Others
FAQs
The key factors driving the Market are Rising Pet Ownership, Technological Advancements, Focus on Preventive Care, Telemedicine Integration, Expansion in Emerging Markets.
The “Veterinary Equipment” category dominated the market in 2023.
The key players in the market are Zoetis Inc., Boehringer Ingelheim Animal Health, Elanco Animal Health Incorporated, Mars Petcare Inc., CVS Health Corporation (Animal Health Division), Idexx Laboratories Inc., Smiths Medical (a part of Smiths Group plc), Nasco, VetScan (part of Abaxis Inc.), Heska Corporation, Surgical Holdings, MediVet America Inc., American Veterinary Products, Jorgensen Labs Inc., Bioniche Animal Health, Others.
The market is projected to grow at a CAGR of 5.1% during the forecast period, 2024-2033.
The US Veterinary Equipment and Disposables Market size was valued at USD 968.4 Million in 2024.