Market Size of Veterinary Infusion Pumps Industry
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 |
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 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 |
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Veterinary Infusion Pumps Market Size Summary
The veterinary infusion pumps market is poised for significant growth, driven by increasing animal health expenditure, the rising prevalence of animal diseases, and technological advancements. The market experienced a temporary setback due to the COVID-19 pandemic, which disrupted veterinary practices and slowed growth. However, as restrictions ease and pet adoption rates rise, the market is expected to recover and expand. Key initiatives by market players and government agencies, such as partnerships to provide free veterinary care and animal welfare action plans, are anticipated to further propel market growth. Advanced infusion pump systems, like Eitan Medical's Sapphire, are gaining traction, contributing to the market's positive outlook despite challenges like rising pet care costs.
Large-volume infusion pumps are expected to dominate the market, driven by their critical role in fluid delivery during blood transfusions, parenteral nutrition, and emergency situations. The segment's growth is supported by the increasing importance of swift fluid distribution and the emergence of animal diseases worldwide. North America is projected to hold a significant market share due to the high pet adoption rates and the rising number of animal diseases. The region's market growth is further bolstered by the establishment of new veterinary hospitals and the high expenditure on pet healthcare. The competitive landscape features major players like B. Braun Melsungen AG and Heska Corporation, with ongoing innovations and government initiatives supporting market expansion.
Veterinary Infusion Pumps Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increase in Animal Adoption and Animal Health Expenditure
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1.2.2 Increasing Prevalence of Animal Diseases and Associated Surgical Procedures
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1.3 Market Restraints
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1.3.1 Increasing Pet Care Costs
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Type
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2.1.1 Large-Volume Infusion Pumps
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2.1.2 Syringe Infusion Pumps
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2.2 By End User
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2.2.1 Veterinary Hospitals
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2.2.2 Private Clinics
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Veterinary Infusion Pumps Market Size 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.