Veterinary Equipment Market Size, Share, Growth Analysis, By Equipment Type(Critical Care Consumables, Anesthesia Equipment), By Animal Type(Small Animals, Large Animals) - Industry Forecast 2024-2031

Veterinary Equipment Market Drivers

Demand for animal equipment to minimize animal infections and diseases

• In light of a variety of variables, including an increase in pet ownership, an increase in the prevalence of animal diseases, and an increase in the number of animals, the global market for animal equipment is predicted to expand. The market potential for animal equipment is also being driven by increasing demand for meat and products derived from animals, accessibility and affordability of treatment, and growing awareness of animal health & welfare.

Growth in of companion animal population

• On the worldwide level, an increase in the total number of companion animals and their adoption rate has been seen. Keeping a companion animal is linked to enhanced health, including fewer cardiac arrhythmias, normalised blood pressure, less anxiety, higher psychological stability, and better overall well-being, according to multiple studies. The demand for pet care goods and services is anticipated to rise in response to the growing pet population, which will in turn fuel the expansion of related sectors including those producing veterinarian supplies and equipment.

Veterinary Equipment Market Restraint

High cost of Veterinary equipment

• A strong market restraint is the high cost of these systems and the initial layout connected with the purchase and the maintenance and service of charges. The majority of veterinary offices are small or midsize, with stringent budgetary constraints. Additionally, this has had an impact on the adoption of veterinary equipment, which has expanded at a slower rate than anticipated. In the field of veterinary products, new developments and discoveries frequently occur.

Lack of awareness & standardization of animal equipment

• The lack of awareness in emerging regions, the high starting prices of animal equipment, and the problems related to the lack of standardisation of animal equipment are factors restraining the growth of the worldwide animal equipment market.