Veterinary Infusion Pumps Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 7.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Veterinary Infusion Pumps Market Analysis
The veterinary infusion pumps market is anticipated to register a CAGR of 7.4% during the forecast period.
- The COVID-19 pandemic significantly impacted the veterinary infusion pump market as agencies struggled to balance the dual responsibilities of protecting animal welfare and maintaining public health. According to a report published by the American Veterinary Medical Association in September 2021, veterinary practices faced significant challenges during the pandemic, leading to a decrease in the number of non-urgent cases and a slowdown in market growth.
- However, as pandemic restrictions are lifted, and animal adoption rates continue to rise, the market is expected to rebound in the coming years. Key drivers of market growth include increasing animal health expenditure, rising prevalence of animal diseases, and advancements in technology. For example, mastitis is a common disease in the bovines, with a high prevalence rate in India, which has led to an increase in the adoption of infusion pumps for medication delivery during therapy.
- Initiatives from key market players and government agencies are also expected to fuel market growth. Merck Animal Health's partnership with The Street Dog Coalition to provide free veterinary care to homeless pets and the United Kingdom Government's animal welfare action plan are just a few examples of such initiatives. Additionally, the benefits of advanced veterinary infusion pumps, such as Eitan Medical's Sapphire infusion pump system, have led to increased adoption and further market growth.
- However, rising pet care costs may hinder market growth. Despite this potential challenge, the veterinary infusion pump market is expected to grow in the coming years due to the rising focus on animal health and welfare.
Veterinary Infusion Pumps Market Trends
Large Volume Infusion Pumps is Expected to Hold a Significant Share in the Studied Market Over the Forecast Period
- Large-volume infusion pumps are expected to hold a significant share of the veterinary infusion pump market over the forecast period, driven by their increasing use for delivering fluids to animals during a blood transfusion, administering parenteral nutrition, and in emergency conditions. These pumps can be manually operated or automatic and categorized based on weight, technology, accuracy, flow rate, battery life, and type of infusion (continuous, intermittent).
- For example, a recent study published in May 2022 in the MDPI journal investigated the cardiopulmonary effects and pharmacokinetics of dexmedetomidine (DEX) used as an adjunctive analgesic for regional anesthesia of the oral cavity with levobupivacaine in anesthetized dogs. During the procedure, Ringer's lactate solution was infused with an infusion pump at a rate of 5 mL/kg/hour. After the procedure, intravenous fluid therapy was administered at a rate of 2 to 6 mL/kg/hour until discharge.
- The rising importance of fluid distribution achieved swiftly by large-volume infusion pumps is expected to drive the growth of this segment over the forecast period. Additionally, the emergence of animal diseases worldwide is anticipated to adopt large-volume infusion pumps further. For example, a September 2022 article published in Frontiers demonstrated the prevalence of Brucellosis in the cattle population, especially small ruminants, through serological surveys in India. Therefore, the rise in venereal diseases in the veterinary population is likely to drive the adoption of large-volume infusion pumps in the coming years.
- Moreover, technological advancements in large-volume infusion pumps are expected to contribute to the growth of this segment. For instance, in February 2021, B. Braun Medical Inc. was awarded "2021 Best in KLAS for Traditional Smart Pumps" for its infusomat space large volume pump based on side-by-side performance comparisons and feedback from healthcare providers across the United States.
- Overall, the studied segment is expected to witness growth over the coming years due to the increasing prevalence of animal diseases and the rising demand for large-volume infusion pumps.
North America is Expected to Holds a Significant Share of the Market and it is Expected to do the same Over the Forecast Period.
- North America is expected to hold a major market share due to the rising number of animal diseases and growing pet adoption. According to the North American Pet Health Insurance Association in 2021, the basic annual expenditure for dogs and cats includes USD 458 for dogs and USD 201 for cats. Such high expenditure on a pet coupled with a rising focus on their health will lead to the adoption of veterinary infusion pumps during the surgeries. Hence, all these factors are found to create high growth opportunities for infusion pumps in the North American region.
- Furthermore, the launch of veterinary hospitals in the studied region is expected to increase market growth due to an increase in the utilization of veterinary infusion pumps. For instance, in May 2022, the University of Florida Veterinary Hospital at World Equestrian Center in Ocala opened to provide patient care to horses and small animals located on-site as well as from the local community. In addition, according to data from the National Institute of Statistics and Geography (Spanish: Instituto Nacional de Estadística, Geografía e Informática (INEGI)), as of the year 2021, more than 17.7 million dogs are kept as pets in Mexico.
- Additionally, 70% of Mexican families, or roughly 21 million households, have at least one pet. The same source has indicated that Mexico has one of the world's largest rates of dog adoption. Hence, with the high adoption of dogs across the country, the market for healthcare concerned with dogs is significantly high. This can potentially increase the market growth over the forecast period.
- Hence, North America is anticipated to witness growth over the forecast period due to the increase in the pet population and the rise in demand for infusion pumps in hospitals.
Veterinary Infusion Pumps Industry Overview
The veterinary infusion pump market is moderately competitive and consists of major players. A few of the major players are currently dominating the market in terms of market share. Some of the companies that are currently dominating the market are B. Braun Melsungen AG, Burtons Medical Equipment Ltd., Digicare Biomedical Technology Inc., DRE Veterinary, Grady Medical System Inc., Heska Corporation, Jorgensen Laboratories, Kent Scientific Corporation, Mediaid Inc., and Q Core Medical Ltd., among others.
Veterinary Infusion Pumps Market Leaders
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Burtons Medical Equipment Ltd
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Avante Animal Health (DRE Veterinary)
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Digicare Biomedical (Digicare Animal Health)
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Heska Corporation
*Disclaimer: Major Players sorted in no particular order
Veterinary Infusion Pumps Market News
- December 2022: The government of India implemented the Livestock Health and Disease Control Programme (LHDCP) nationwide. The program aims to mitigate risks to animal health by implementing prophylactic vaccination against animal diseases, increasing the capacity of veterinary services, enhancing disease surveillance, and strengthening veterinary infrastructure, including the provision of essential veterinary healthcare equipment in hospitals.
- May 2022: Hawkmed, a medical equipment company, launched its latest product, the TOUCH-SCREEN Veterinary Infusion Pump-HK-T100VET. This new infusion pump is an upgrade from their HK-100VET veterinary pump, boasting a 3.5-inch TOUCH-SCREEN with an interactive user interface. This innovation provides an improved user experience for veterinary professionals administering infusion therapy to animals.
Veterinary Infusion Pumps Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Increase in Animal Adoption and Animal Health Expenditure
- 4.2.2 Increasing Prevalence of Animal Diseases and Associated Surgical Procedures
-
4.3 Market Restraints
- 4.3.1 Increasing Pet Care Costs
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
-
5.1 By Type
- 5.1.1 Large-Volume Infusion Pumps
- 5.1.2 Syringe Infusion Pumps
-
5.2 By End User
- 5.2.1 Veterinary Hospitals
- 5.2.2 Private Clinics
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 South Korea
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 Middle East and Africa
- 5.3.4.1 GCC
- 5.3.4.2 South Africa
- 5.3.4.3 Rest of Middle East and Africa
- 5.3.5 South America
- 5.3.5.1 Brazil
- 5.3.5.2 Argentina
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 B. Braun SE
- 6.1.2 Burtons Medical Equipment Ltd
- 6.1.3 Digicare Biomedical (Digicare Animal Health)
- 6.1.4 Avante Animal Health (DRE Veterinary)
- 6.1.5 Grady Medical System Inc.
- 6.1.6 Heska Corporation
- 6.1.7 Jorgensen Laboratories
- 6.1.8 Kent Scientific Corporation
- 6.1.9 Opto Circuits (Mediaid Inc.)
- 6.1.10 Eitan Medical Ltd.
- 6.1.11 SAI Infusion Technologies
- 6.1.12 Becton, Dickinson and Company (Caesarea Medical Electronics)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Veterinary Infusion Pumps Industry Segmentation
As per the scope of the report, a veterinary infusion pump refers to an external medical device that is used for delivering fluids into an animal's body in a controlled manner. Infusion pumps can be of different types, used for various purposes and in a variety of environments.
The veterinary infusion pumps market is segmented by type (large-volume infusion pumps and syringe infusion pumps), end user(veterinary hospitals, private clinics), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally.
The report offers the value (in USD million) for the above segments.
| By Type | Large-Volume Infusion Pumps | |
| Syringe Infusion Pumps | ||
| By End User | Veterinary Hospitals | |
| Private Clinics | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Veterinary Infusion Pumps Market Research FAQs
What is the current Veterinary Infusion Pumps Market size?
The Veterinary Infusion Pumps Market is projected to register a CAGR of 7.40% during the forecast period (2024-2029)
Who are the key players in Veterinary Infusion Pumps Market?
Burtons Medical Equipment Ltd, Avante Animal Health (DRE Veterinary), Digicare Biomedical (Digicare Animal Health) and Heska Corporation are the major companies operating in the Veterinary Infusion Pumps Market.
Which is the fastest growing region in Veterinary Infusion Pumps Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Veterinary Infusion Pumps Market?
In 2024, the North America accounts for the largest market share in Veterinary Infusion Pumps Market.
What years does this Veterinary Infusion Pumps Market cover?
The report covers the Veterinary Infusion Pumps Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Veterinary Infusion Pumps Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Veterinary Infusion Pump Industry Report
Statistics for the 2023 Veterinary Infusion Pump market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Veterinary Infusion Pump analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
