US Veterinary Equipment and Disposables Market 2024–2033

Reports Description

As per the current market research conducted by the 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 market section encompasses various items, including diagnostic and assessment devices, anesthesia, intensive care equipment, and single-use products such as needles, syringes, and surgical coverings.

Improvement in pet owners’ understanding of their pets’ health and 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 and the growing concern for animals are aiding the growth of these markets. In addition, this market is also evolving with ideas 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 their pets’ health and wellness levels. This is more true 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 devices, 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 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. This, in turn, increases the need to provide various types of machines and other disposables, allowing them to stop and take care of more inhabited animals than the clinics currently treat.

• 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 identify and treat 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: Governments in almost every part of the world have enacted measures such as animal welfare and veterinary care that encourage using 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 in the US has undergone various changes in the past, where the companies are trying to increase their chance on the market and exploit synergies to enhance their products and improve their profitability. Some examples of M&A 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 to augment 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 expensive, hindering smaller clinics’ acceptance. 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: Compared to human health care, health pet insurance is not expensive in the U.S., thus making it hard for the pet owner to seek 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 can handle sophisticated equipment with expertise. This lack of ability makes using advanced diagnostic tools and techniques complex because veterinary clinics may not have personnel with the requisite skills to operate such devices effectively.

• Environmental Concerns Related to Disposable Items: The veterinary profession’s frequent use of disposable items, including syringes and surgical drapes, 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 Chain Disruptions After COVID-19: The supply chain disturbances after the COVID-19 pandemic have changed the supply of veterinary disposables and equipment. Given that some of the parts and materials used are imported, the system has vulnerabilities that have caused delays and increased costs that can stifle the market’s growth and 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 various clinical areas, from an introductory consultation to the most complex surgeries.

• Equipment & Accessories: Equipment and accessories constitute an essential part of the U.S. Veterinary Equipment and Disposables Market and comprise the different animal healthcare-related products used for diagnosing, treating, and monitoring patients. This category consists of imaging machines (such as ultrasounds and x-ray digital systems), patient ventilators, surgical trolleys, dental apparatus, and devices used for monitoring the 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. Providing veterinary services for large animals is essential not only to enhance the health of the animals but also food safety and productivity of the agriculture sector. This sector, however, requires specialized equipment and disposables that can 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 the 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 anesthesia and surgical purposes for smaller anatomies.

By Usage

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

• Diagnostic: Diagnostics is one of the primary segments, and it includes a range of instruments necessary to identify and evaluate numerous animal ailments within the U.S. Veterinary Equipment and Disposables Market. Each veterinarian uses inside examination diagnostic tests like x-ray devices, ultrasound machines, and lab analyzers to provide directions on examining the animals and providing a thorough diagnosis. They help facilitate the timely treatment of diseases where speed and precision are helpful, such as in diagnosing 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 includes several items for performing surgeries on animals. There is an ample supply of equipment helpful in carrying out effective and safe procedures for different kinds of animals, such as surgical tables, anesthesia machines, and electrosurgical units. Disposables like sterilized surgical drapes, sutures, gloves etc. are also present in the market, essential to ensuring cleanliness and preventing the spread of diseases during the surgeries.

By End-Use

• Laboratories: The rising demand for veterinary diagnostic and research services in the United States 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 using complex devices such as centrifuges, hematology analyzers, and microscopes. This, in turn, aids in formulating treatment plans during routine check-ups and ensuring that meat products and eggs fit for human consumption are disease-free.

• Veterinary Clinics: Veterinary clinics constitute a significant end-use segment in the U.S. Veterinary Equipment and Disposables Market, providing various animal care services. This includes using examination tables, diagnostic machines, and surgical equipment for treating large and small animals with multiple conditions. In addition to this, disposables like, but not limited to, syringes, gloves, and surgical drapes are key to 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 essential end-use segment in the U.S. Veterinary Equipment and Disposables Market as they cater to advanced surgical procedures. Such establishments aim to provide 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 the end-use segment in the U.S. Veterinary Equipment and Disposables Market, which covers activities of other sectors of the economy than veterinary clinics, hospitals, and laboratories. For instance, organizations such as research centers and animal shelters, zoos, farms, and 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 many manufacturers and retailers operating in the 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 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 to enhance the reach of veterinary medicine.

These companies, too, seek to be environmentally responsible by making recyclable disposables as more concerns over waste of veterinary products are on the rise. In addition, new entrants are transforming veterinary medicine by harnessing data and artificial intelligence to enhance vet services through improved patient diagnostics and treatment plans. These companies provide unique offerings to fill existing market voids. 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