India Veterinary Equipment And Disposables Market Size & Outlook
India veterinary equipment and disposables market, 2018-2030 (US$M)
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India veterinary equipment and disposables market highlights
- The India veterinary equipment and disposables market generated a revenue of USD 95.1 million in 2022 and is expected to reach USD 178.2 million by 2030.
- The India market is expected to grow at a CAGR of 8.2% from 2023 to 2030.
- In terms of segment, equipment & accessories was the largest revenue generating product in 2022.
- Disposables/ Consumables is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary equipment and disposables market data book summary
| Market revenue in 2022 | USD 95.1 million |
| Market revenue in 2030 | USD 178.2 million |
| Growth rate | 8.2% (CAGR from 2022 to 2030) |
| Largest segment | Equipment & accessories |
| Fastest growing segment | Disposables/ Consumables |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment & Accessories, Disposables/ Consumables |
| Key market players worldwide | Medtronic PLC, B. Braun, MidMark Corporation, Masimo Corp, Covetrus, Avante Animal Health, Dispomed, Nonin Medical |
Other key industry trends
- In terms of revenue, India accounted for 3.5% of the global veterinary equipment and disposables market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China veterinary equipment and disposables market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 178.2 million by 2030.
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Veterinary Equipment And Disposables Market Scope
Veterinary Equipment And Disposables Market Companies
| Name | Profile | # Employees | HQ | Website |
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India veterinary equipment and disposables market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to veterinary equipment and disposables market will help companies and investors design strategic landscapes.
Equipment & accessories was the largest segment with a revenue share of 65.19% in 2022. Horizon Databook has segmented the India veterinary equipment and disposables market based on equipment & accessories, disposables/ consumables covering the revenue growth of each sub-segment from 2018 to 2030.
Rising demand for quality & affordable pet care and growing understanding of the needs of modern-day pet parents, especially those owning rare & foreign breeds, are prompting insurance companies to offer pet insurance in India, which is likely to propel market growth.
There are also livestock insurance schemes in India, due to large population of production animals in the country. For example, the Indian government provides Livestock Insurance Scheme, which covers indigenous/crossbred milch animals, pack animals, and other livestock.
Availability of insurance, along with increasing humanization of companion animals, is expected to increase vet visit preference for invasive and noninvasive treatments.
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Target buyers of India veterinary equipment and disposables market databook
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Our clientele includes a mix of veterinary equipment and disposables market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India veterinary equipment and disposables market , including forecasts for subscribers. This country databook contains high-level insights into India veterinary equipment and disposables market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India veterinary equipment and disposables market size, by product, 2018-2030 (US$M)
India Veterinary Equipment And Disposables Market Outlook Share, 2022 & 2030 (US$M)
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