US Veterinary Equipment and Disposables Market 2024–2033

Reports Description

As per the current market research conducted by CMI Market Research Team, the US Veterinary Equipment and Disposables Market 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.

The U.S.  Veterinary Equipment and Disposables market is expected to grow owing to the increase in the number of people keeping pets and spending more on their health. This section of the market encompasses a wide range of items, including diagnostic and assessment devices, anaesthesia and intensive care equipment, as well as single-use products such as needles, syringes, and surgical coverings.

Improvement in pet owners understanding on the health of their pets together with improvements in veterinary medical technology has resulted in more need for high-quality special equipment for correct diagnosis and successful treatment.

Also, the rising incorporation of new veterinary clinics and hospitals in the country as well as the growing concern for animals is also aiding the growth of these markets. In addition, this market is also evolving with ideas that are aimed at better veterinary care, improving results and making veterinary practice more productive.

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 and Spending on Pet Healthcare: The spending on veterinary services has increased in the U.S thanks to the growing number of pet owners who wish to maintain health and wellness levels of their pets. This is true more so with the millennials and Gen Z, who have spurred the need for sophisticated veterinary devices and disposables to provide a full-coverage treatment regime.

• Technological Advancements in Veterinary Equipment: Advancements comprising digital X-ray, ultra-sound machines and portable monitoring devises, amongst others are enhancing the degree of diagnosis and even the range of treatment in veterinary medicine. The catching up of these technologies to the services offered by the practicing veterinarians makes advanced equipment a vital earner within this market context.

• Growth in Veterinary Clinics and Veterinary Hospitals: This provides more opportunities for the population to seek animal healthcare services. And this in turn increases the need of providing various types of machines and other disposables, which will allow to stop and take care of more inhabited animals than the clinics treat currently.

• Increasing Focus on Animal Welfare and Preventive Health Measures: There is an increasing understanding of how important it is to take care of animals and hence the need for regular check-ups and preventive health measures. Nowadays, pet parents are more willing to pay for veterinary visits that will help in identifying and treating health problems at the early stages hence increasing the need for diagnostic facilities and disposables used in regular veterinary practices.

• Government Support for Veterinary Care Standards: The governments in almost every part of the world have enacted measures such as animal welfare and veterinary care which encourage the use of better and more sterile tools. The American Veterinary Medical Association (AVMA) is an example of a regulatory agency that has established requirements that create a need for quality products and disposables.

US Veterinary Equipment and Disposables Market – Key Developments

The Veterinary Equipment and Disposables Market from the US has gone through various changes in the past, where the companies are trying to increase their chance on the market and exploit synergies in order to enhance their products and improve their profitability. Some examples of M&As activities that can be noted in the US Veterinary Equipment and Disposables Market include:

• 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.

These developments have in turn enabled the companies in augmenting of their product range, increasing their presence in the market and taking advantage of the opportunities for growth in the US Veterinary Equipment and Disposables Market. The tendency will also remain as the companies in question will try to receive a competitive advantage over their rival companies in the future.

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:

• High Costs of Advanced Veterinary Equipment: Advanced add-ons such as imaging systems or distinct monitoring systems can be quite expensive which hinders their acceptance by smaller clinics. Because of the high costs associated with acquiring and maintaining very high-grade equipment, most veterinarians cannot afford to purchase high-grade equipment, hampering the growth of the market especially in the unserved rural areas.

• Limited Insurance Coverage for Pet Treatments: In comparison to human health care, health pet insurance is not expansive in the U.S. thus making it hard for the pet owner to seek out sophisticated treatments and procedures. This dependence on cost can mitigate the demand for high-end machinery and disposables, since owners who are concerned about costs are likely to go for cheaper treatment only.

• Shortage of Trained Veterinary Personnel: The sector is experiencing a deficiency in qualified veterinary medical practitioners who are able to handle sophisticated equipment with expertise. This lack of ability makes it difficult to use advanced diagnostic tools and techniques because veterinary clinics may not have personnel with the requisite skills to operate such devices effectively.

• Environmental Concerns Related to Disposable Items: The frequent usage of disposable items, including syringes and surgical drapes, by the veterinary profession, augments the issues of medical waste. The misuse of such items has a detrimental effect on the environment and in addition, the heightened policies on waste management will be a hindrance to the manufacturers and the clinics themselves consequently limiting their disposable utilization.
• Supply Chains Disruptions After the COVID-19: The supply chain disturbances after the covid-19 pandemic have changed the supply of veterinary disposables as well as equipment. Given that some of the parts and materials used are imported, the system has vulnerabilities which have caused delays and increased costs that can stifle the growth of the market as well as the stability of pricing.

Category-Wise Insights

By Product

• Disposables/ Consumables: Disposables or consumables are a key component of the U.S. Veterinary Equipment and Disposables Market. Stereotypical design ads also include single-use syringes, needles, IV catheters, surgical drapes, wound and burn dressings and gloves, which are essential for keeping cross-infection to the minimum during veterinary operations. Disposables enable safe and sterile practices to be maintained across a wide variety of clinical areas from a basic consultation to the most complex of surgeries.

• Equipment & Accessories: Equipment and accessories constitute an essential part of the U.S. Veterinary Equipment and Disposables Market, and comprise of the different animal healthcare related products used for diagnosis, treatment and monitoring of patients. This category consist of imaging machines (such as ultrasounds and x-ray digital systems), patients ventilators, surgical trolleys, dental apparatus, as well as devices used for monitoring physiological parameters of the patient.

By Animal Type

• Large Animals: The large animal segment, which includes livestock such as cattle, horses, and sheep, is one of the key segments in the U.S. Veterinary Equipment and Disposables Market. Provision of veterinary services for large animals is important not only to enhance the health of the animals but, food safety and productivity of the agriculture sector as well. This sector, however, requires specialized equipment and disposables that are able to work on large, usually very active animals.

• Small Animals: The small animal segment which includes pets like dogs, cats, rabbits and other animal companions, is one of the key factors propelling the growth of Veterinary Equipment and Disposables Market in the United States. The propensity to keep pets has increased particularly in the younger generations leading to an upsurge in the provision of Veterinary services…and small animals. This segment calls for a wide assortment of equipment and disposables, from hand held imaging devices like mini ultrasound and digital x-ray machines, to arts and disposables for anaesthesia and surgical purposes for smaller anatomies.

By Usage

• Monitoring: In the U.S. Veterinary Equipment and Disposables Market, monitoring is one of the applications which helps the veterinarians in monitoring the vital signs and other physiological parameters of the animal during the surgery, the treatment, and post-operatory period. Heart rate monitors, respiratory monitors, multi-parameter devices, and other equipment make it possible for the veterinary medical service to provide integrated animal health services with an assurance of maximum patient safety and positive therapy prognosis.

• Diagnostic: Diagnostics is one of the primary segments with the range of instruments necessary to identify and evaluate numerous ailments in animals within the U.S. Veterinary Equipment and Disposables Market. Each veterinarian uses inside examination diagnostic tests like x-rays devices, ultrasound machines, and lab analyzers to provide directions on how to thoroughly examine the animals and provide a diagnosis. They help facilitate timely treatment of diseases where speed and precision useful such as in the diagnosis of typhoid and lung diseases, which are infectious and chronic respectively.

• Surgical: Surgical applications form an important part of the indoor veterinary equipment in the United States Veterinary Equipment and Disposables Market which include a number of items for performing surgeries on animals. There is an ample supply of equipment helpful in carrying out effective and safe procedures to different kinds of animals such as surgical tables, anaesthesia machines and electrosurgical units. A host of disposables like sterilized surgical drapes, sutures, gloves etc. are also present in the market, which are essential to ensuring cleanliness and preventing the spread of diseases during the surgeries.

By End-Use

• Laboratories: There is a rising demand for veterinary diagnostic and research services in the United States which contributes to the Veterinary Equipment and Disposables Market as the critical end-use segment. They enable the performance of various tests including blood, urine and tissue analyses in veterinary laboratories which involve the use of complex devices such as centrifuges, haematology analyzers, and microscopes. This in turn aids in formulating treatment plans, during routine check-ups and also in making sure that meat products and eggs fit for human consumption are disease-free.

• Veterinary Clinics: Veterinary clinics constitute a significant end-use segment in U.S. Veterinary Equipment and Disposables Market, as they provide a range of services associated with animal care. This includes the use of examination tables, diagnostic machines, and surgical equipment for the treatment of both large and small animals with a variety of conditions. In addition to this, disposables like , but not limited to, syringes, gloves and surgical drapes are key towards maintaining cleanliness and preventing the transfer of infections in between procedures and examinations.

• Veterinary Hospitals: Veterinary though it does not have any complex definition other than animal hospitals are also an important end-use segment in the U.S. Veterinary Equipment and Disposables Market as they cater for advanced surgical procedures. Such establishments aim at providing high care to in-house patients by employing advanced tools like imagers, surgical gear, and intense monitoring of care devices.

• Others: A distinctive segment called “Others” is also found in end use segment in the U.S. Veterinary Equipment and Disposables Market, which covers activities of other sectors of economy than veterinary clinics, hospitals and laboratories. For instance, organizations such as research centers and animal shelters, zoos, and farms, as well as some others, need procurement of specific veterinary devices and consumables for their activities.

Report Scope

Competitive Landscape – US Veterinary Equipment and Disposables Market

The US Veterinary Equipment and Disposables Market is highly competitive, with a large number of manufacturers and retailers operating in US. Some of the key players in the market include:

• 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

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

The new entrants in the Veterinary Equipment and Disposables Market in the U.S. are infusing with innovations and changing competitive strategies in the industry. Most of these startups are concentrating on advanced technologies such as; telehealth systems for vaccines or other medications and portability diagnostic instruments that allow easy examination of the patient with the aim of enhancing the reach of veterinary medicine.

These companies, too, are seeking to be environmentally responsible by making recyclable disposables as more concerns over veterinary products’ waste are on the rise. In addition, new entrants are transforming veterinary medicine by harnessing data and artificial intelligence in order to enhance vet services through improved diagnostics and treatment plans for patients. These companies provide unique offerings in order to fill existing market voids, and as a result, they are transforming veterinary healthcare as it is known today, which forces competitors to change and improve.

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