U.S. Veterinary Equipment And Disposables Market Size & Outlook
U.S. veterinary equipment and disposables market, 2018-2030 (US$M)
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U.S. veterinary equipment and disposables market highlights
- The U.S. veterinary equipment and disposables market generated a revenue of USD 840.3 million in 2022 and is expected to reach USD 1,208.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.6% 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 840.3 million |
| Market revenue in 2030 | USD 1,208.4 million |
| Growth rate | 4.6% (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, U.S. accounted for 31.0% 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 North America, U.S. veterinary equipment and disposables market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 195.9 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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U.S. 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 65.45% in 2022. Horizon Databook has segmented the U.S. veterinary equipment and disposables market based on equipment & accessories, disposables/ consumables covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. holds the largest market share of 90.61% in 2020 in the region. Increasing adoption of companion animals is a key factor driving market growth in the country. Moreover, advancements in animal healthcare and high disposable income of pet owners are some of the other factors contributing to growth of the U.S.
According to IDEXX Laboratories, Inc., in 2019, there were an estimated 315 million total visits in the U.S. Total visits comprise clinical and nonclinical visits. IDEXX Laboratories, Inc. is headquartered in the U.S. This multinational corporation serves veterinarians around the world.
Moreover, growing spending on animals accelerates market growth. In 2020, USD 31.4 billion was spent on Vet Care & Product Sales in the U.S. Vet care & product sales comprises surgical procedures, routine veterinary care, and sales of pharmaceuticals and other products through veterinary clinics.
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Target buyers of U.S. 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 U.S. veterinary equipment and disposables market , including forecasts for subscribers. This country databook contains high-level insights into U.S. veterinary equipment and disposables market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. veterinary equipment and disposables market size, by product, 2018-2030 (US$M)
U.S. Veterinary Equipment And Disposables Market Outlook Share, 2022 & 2030 (US$M)
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