Veterinary Furniture Market Size To Reach $2.88 Billion By 2030

Veterinary Furniture Market Growth & Trends

The global veterinary furniture market size is anticipated to reach USD 2.88 billion by 2030, registering a CAGR of 5.41% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is growing due to rapid technological advances in veterinary furniture, improved veterinary healthcare facilities, a greater emphasis on animal health, and the advantages of ergonomic surgery. Furthermore, the demand for electric, adjustable, and portable furniture, such as lift tables, across several departments is also propelling the market for veterinary furniture.

Additionally, the growing development and manufacturing of innovative and cost-effective solutions by key players is boosting market growth. For instance, The American Veterinary Medical Association reports that 63 percent of veterinarians in the US are female. Additionally, according to Veterinary Practice, more than 90% of veterinary technicians and 80% of students at U.S. veterinary schools are female. Females are typically 5 feet and 4 inches tall, which makes it difficult for many of them to reach tools and materials in storage cabinets. As a result, they strain to get to the products, which makes them more prone to repetitive-motion injuries. Therefore, the leading companies are providing solutions to give animal health professionals better visibility as well as accessibility to supplies.

Covid-19 impacted the import and export of veterinary furniture, which reduced sales of various products. The temporary lockdowns of manufacturing facilities, export restrictions, an increase in veterinary visits following COVID-19, and the failure of veterinary hospitals to invest in facility renovations have all contributed to supply disruption and shortfalls of veterinary furniture in several places. However, the government has been implementing efforts to reduce the supply of veterinary services and products during the COVID-19 pandemic. For instance, in March 2020, the Indian government mandated that all states ensure that animal medical care is treated as an important service, not halted during the nationwide COVID-19 lockdowns. As a result, it can be seen that the COVID-19 epidemic significantly harmed the market for veterinary furniture. However, the market has returned to its pre-pandemic state regarding demand for cutting-edge veterinary furniture. It is expected to see rapid demand for veterinary furniture in the upcoming years.

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Veterinary Furniture Market Report Highlights

• Growing concerns over the patient's comfort and reducing the strain on veterinarians by using innovative veterinary furniture are increasing the opportunities in the veterinary furniture market

• By product, the tables segment dominated the market in 2022 due to the growing usage and availability of several tables used in veterinary hospitals. On the other hand, the workstation segment is projected to witness the fastest growth rate of about 7% in the coming years as more veterinary hospitals use computer workstations to streamline various tasks

• Veterinarian/ technician use accounted for the largest market share by usage in 2022 and is anticipated to grow at the fastest CAGR of over 5.5% over the forecast period due to the growing extent of work pressure and the requirement for appropriate furnishings for staff members working in large animal practices

• In terms of the sales channel, the offline segment dominated the market with a share of over 63% in 2022 due to several advantages, including real-time experience, higher purchasing assurance, full installation support, and simple returns. On the other hand, the online segment is anticipated to witness the fastest growth of about 5.9% during the forecasted period due to the availability of excellent deals & discounts on products

• By purchasing channel, the direct held the largest market share in 2022 and is anticipated to grow at the fastest CAGR of more than 5.4% over the forecast period since direct purchasing from manufacturers reduces the purchasing cost of veterinary furniture

• The veterinary hospital segment dominated the furniture market in 2022 based on end-use. Veterinary clinics are expected to grow at the fastest rate of over 5.5% in the coming years

• In 2022, North America held the highest share of over 39% of the market owing to the easy availability and accessibility of veterinary furniture, high-end veterinary facilities, and a number of specialized veterinary clinics.The Asia Pacific region is expected to grow at the fastest rate of over 7% in the coming years, owing to a huge number of domestic players selling refurbished veterinary furniture at a lower cost

Veterinary Furniture Market Segmentation

Grand View Research has segmented the global veterinary furniture market based on product, usage, sales channel, purchasing channel, end-use, and region:

Veterinary Furniture Product Outlook (Revenue, USD Million, 2018 - 2030)

• Tables

• Exam Tables

• Surgery Tables

• Other Categories

• Lift Tables

• Mobile/ Procedure Carts

• Workstation

• Boarding & Containment

• Chairs & Stools

• Others (e.g., Scales, Sinks & Tubs)

Veterinary Furniture Usage Outlook (Revenue, USD Million, 2018 - 2030)

• Veterinarian/ Technician Use

• Patient Use

Veterinary Furniture Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Offline

• Online

Veterinary Furniture Purchasing Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Direct

• Distributor

Veterinary Furniture End-Use Outlook (Revenue, USD Million, 2018 - 2030)

• Veterinary Hospitals

• Veterinary Clinics

• Others

Veterinary Furniture Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

• U.S.

• Canada

• Europe

• UK

• Germany

• France

• Italy

• Spain

• Norway

• Sweden

• Denmark

• Rest of Europe

• Asia Pacific

• Japan

• China

• India

• South Korea

• Australia

• Rest of Asia Pacific

• Latin America

• Brazil

• Mexico

• Argentina

• Rest of Latin America

• Middle East & Africa

• South Africa

• Saudi Arabia

• UAE

• Kuwait

• Rest of MEA

List of Key Players in the Veterinary Furniture Market

• Midmark Corporation

• TECHNIK Ltd

• OLYMPIC VETERINARY

• Covetrus

• Suburban Surgical Co., Inc.

• GPC Medical Limited

• David Bailey Furniture Systems Ltd

• Everest-Tecnovet, SL

• VETINOX

• DRE Veterinary

• PetLift