Veterinary Procedure Lights Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 319.5 Million |
| Market Size (2029) | USD 396.80 Million |
| CAGR (2024 - 2029) | 4.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Veterinary Procedure Lights Market Analysis
The Veterinary Procedure Lights Market size is estimated at USD 319.5 million in 2024, and is expected to reach USD 396.80 million by 2029, growing at a CAGR of 4.40% during the forecast period (2024-2029).
Factors such as the rising focus on veterinary welfare, an increase in the number of pet adoptions, rising pet humanization, and the rising rate of pet surgeries are expected to boost market growth over the forecast period.
The high spending on veterinary surgeries is anticipated to boost market growth. For instance, according to 2022 statistics by HealthforAnimals, the estimated total worldwide companion animal diagnostics spending was 4.6 billion in 2022. Thus, the focus on monitoring animals is expected to utilize examination lights in veterinary clinics, thereby driving market growth over the forecast period.
Additionally, an increasing number of hospitals performing surgeries on animals is propelling the need for veterinary procedure lights across healthcare facilities, thus driving market growth.
Furthermore, the adoption of companion animals worldwide is increasing, leading to increased diagnosis and treatment, which is expected to boost market growth. For instance, in 2022, according to Shelter Animal Count Data, approximately 920,000 shelter animals were euthanized (390,000 dogs and 530,000 cats) each year, and about 810,000 animals who entered shelters as strays were returned to their owners. Of those, 710,000 were dogs, and 100,000 were cats.
Moreover, the increasing launches of surgery programs are anticipated to increase the need to install procedural lights that are used for examining and performing surgeries on veterinary animals. For instance, in September 2023, the University of Florida College of Veterinary Medicine launched an open heart surgery program for dogs, which offers a complex procedure known as mitral valve repair. Hence, it is anticipated to fuel market growth over the forecast period.
Thus, due to the surge in pet adoption and the increase in veterinary surgeries, the market studied is likely to witness significant growth over the forecast period. However, the high cost of veterinary procedures is expected to restrain market growth over the forecast period.
Veterinary Procedure Lights Market Trends
Surgical Lights in Veterinary Procedure is Estimated to Witness a Healthy Growth Over the Forecast Period
Surgical lights are the devices used during the veterinary procedure to assist the pet specialist and make it more convenient to give better outcomes. Surgical lights in veterinary procedures are estimated to witness healthy growth in the future, which is attributed to rising awareness about pet safety, increasing injuries, and surgical procedures related to pets.
The rising number of veterinary hospitals with increasing acceptance of advanced LED surgical lights is expected to propel the segment growth over the forecast period. For instance, in November 2022, Noe Animal Hospital opened officially. It offers veterinary services to people in San Francisco and the surrounding neighborhoods. The services being offered at the new Noe Animal Hospital include vaccinations, wellness checkups, dental care, microchipping, and soft tissue surgeries, including urgent medical care, spaying and neutering, and chronic disease management.
Furthermore, with the rapid technological advancements and increasing spending on animal healthcare, devices, and instruments, the demand for procedural lights in the market is anticipated to increase, propelling market growth. The adoption of key strategies to advance surgical care for animals is also boosting the market’s growth. For instance, in April 2022, Orthomed entered a partnership with Osso VR to bring RoVR surgical training to the animal health market. This first-of-its-kind training technology allows veterinarians to practice procedures anytime, anywhere in virtual reality (VR). Such technological integration will improve the efficiency of surgical procedures, hence increasing the number of surgeries performed, which is expected to drive the market.
Therefore, owing to the rising number of veterinary hospitals and partnership activities adopted by key players, the segment is likely to witness significant growth over the forecast period.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same During the Forecast Period
North America is expected to hold a significant market share in the global veterinary procedure lights market due to the increasing adoption of pets, the rising prevalence of veterinary diseases, increasing adoption of pet insurance owing to the high number of surgical procedures, and high spending on veterinary animals.
The increasing adoption of pet animals across the region is anticipated to fuel the need for veterinary procedures, propelling market growth. For instance, according to 2023 data published by Shelter Animals Count, about 54% of cats and 46% of dogs were adopted in the United States in 2023, registering an increase of 2% compared to 2022. The increasing number of pet adoptions and heightened awareness among pet owners about pet health drive the demand for regular health checkups. This, in turn, fuels the demand for procedural lights in veterinary healthcare facilities, propelling market growth.
Additionally, the rising instances of pet insurance in the country are also expected to boost market growth. For instance, according to the 2022 statistics published by the Insurance Information Institute, California (19.3%), New York (8.4%), and Florida (6.1%) registered the highest percentage of insured pets. Thus, the growing pet adoption is leading to an increase in the focus on the availability of pet insurance. Due to the availability of pet insurance, pet parents are spending more on pet healthcare. This is creating opportunities for the development and availability of advanced and innovative veterinary procedure lights, which is expected to drive market growth over the forecast period.
Thus, due to the increase in pet adoption, insurance policies, and strategic activities by the key players, North America is expected to hold a significant market share over the forecast period.
Veterinary Procedure Lights Industry Overview
The veterinary procedure lights market is consolidated in nature and consists of several major players. In terms of market share, few of the major players are currently dominating the market. The companies are adopting key strategies such as collaborations and partnerships to develop novel procedural lights that are used for examination and surgical procedures in veterinary hospitals and clinics. Some of the companies that are currently dominating the market are Medical Illumination, Midmark Corporation, Suburban Surgical Co. Inc., Sunnex Group, ACEM SpA, and MDS Incorporated.
Veterinary Procedure Lights Market Leaders
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Medical Illumination
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Midmark Corporation
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ACEM S.p.A
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Burtons Medical Equipment Ltd
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Avante Animal Health
*Disclaimer: Major Players sorted in no particular order
Veterinary Procedure Lights Market News
- October 2022: The Oregon Humane Society expanded its services with a new community veterinary hospital in Portland. The hospital provides surgery, dentistry, preventative health care, and urgent care for the veterinary population.
- May 2022: The Union Minister for Fisheries, Animal Husbandry, and Dairying inaugurated mobile veterinary units (MVUs) to offer veterinary services at farmers’ doorsteps. These MVUs are customized fabricated vehicles for veterinary healthcare with equipment for diagnosis, audio-visual aids, treatment and minor surgeries, and other basic requirements for the treatment of animals.
Veterinary Procedure Lights Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumption and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Rise in Focus on Veterinary Welfare
- 4.2.2 Rising Pet Humanization
- 4.2.3 Increase in Surgeries in Animals
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4.3 Market Restraints
- 4.3.1 High Cost of Veterinary Procedure
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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)
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5.1 By Type
- 5.1.1 Examination Lights
- 5.1.2 Surgery Lights
- 5.1.3 Frontal Binocular Headlights
- 5.1.4 Frontal Binocular Microscope
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5.2 By End User
- 5.2.1 Veterinary Hospitals
- 5.2.2 Veterinary Surgical Centers
- 5.2.3 Other End Users
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5.3 By 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 Avante Animal Health
- 6.1.2 Medical Illumination
- 6.1.3 Midmark Corporation
- 6.1.4 Suburban Surgical Co. Inc.
- 6.1.5 ACEM SpA
- 6.1.6 MDS Incorporated
- 6.1.7 Dispomed ltd
- 6.1.8 Waldmann Lighting
- 6.1.9 Burtons Medical Equipment Ltd
- 6.1.10 Planet Lighting
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityVeterinary Procedure Lights Industry Segmentation
As per the scope of the report, veterinary procedure lights are the operating lights used in surgical procedures. The veterinary procedure lights market is segmented by type, end user, and geography. By type, the market is segmented into examination lights, surgery lights, frontal binocular headlights, and frontal binocular microscopes. By end user, the market is bifurcated into veterinary hospitals, veterinary surgical centers, and other end users. By geography, the market is divided into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The report offers the value (USD) for the above segments.
| By Type | Examination Lights | |
| Surgery Lights | ||
| Frontal Binocular Headlights | ||
| Frontal Binocular Microscope | ||
| By End User | Veterinary Hospitals | |
| Veterinary Surgical Centers | ||
| Other End Users | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| By Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| By Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Veterinary Procedure Lights Market Research FAQs
How big is the Veterinary Procedure Lights Market?
The Veterinary Procedure Lights Market size is expected to reach USD 319.5 million in 2024 and grow at a CAGR of 4.40% to reach USD 396.80 million by 2029.
What is the current Veterinary Procedure Lights Market size?
In 2024, the Veterinary Procedure Lights Market size is expected to reach USD 319.5 million.
Who are the key players in Veterinary Procedure Lights Market?
Medical Illumination, Midmark Corporation, ACEM S.p.A, Burtons Medical Equipment Ltd and Avante Animal Health are the major companies operating in the Veterinary Procedure Lights Market.
Which is the fastest growing region in Veterinary Procedure Lights 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 Procedure Lights Market?
In 2024, the North America accounts for the largest market share in Veterinary Procedure Lights Market.
What years does this Veterinary Procedure Lights Market cover, and what was the market size in 2023?
In 2023, the Veterinary Procedure Lights Market size was estimated at USD 305.44 million. The report covers the Veterinary Procedure Lights Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Veterinary Procedure Lights Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Veterinary Procedure Lights Industry Report
Statistics for the 2024 Veterinary Procedure Lights market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Veterinary Procedure Lights analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
