Market Size of Veterinary Infusion Pumps Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 7.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Veterinary Infusion Pumps Market Analysis
The Veterinary Infusion Pumps Market is expected to register a CAGR of 7.60% during the forecast period.
The key drivers of market growth include increasing animal health expenditure, a high prevalence of animal diseases, and advancements in technology.
Furthermore, the adoption of companion animals worldwide is increasing, leading to increased diagnosis and treatment, thereby boosting market growth. For instance, according to Shelter Animal Count’s data in 2022, each year, approximately 920,000 shelter animals are euthanized (390,000 dogs and 530,000 cats), and about 810,000 animals enter shelters while strays are returned to their owners. Of those, 710,000 are dogs, and 100,000 are cats. Thus, the growing adoption of the pet population is expected to contribute to the segment’s growth over the forecast period.
Further, according to the American Society for the Prevention of Cruelty to Animals’ data in 2023, every year, around 6.3 million companion animals are brought into animal shelters in the United States, including 3.1 million dogs and 3.2 million cats. Moreover, as per data published in December 2022 by Frontiers in Veterinary Science, the estimated number of dogs in Thailand was 12.8 million heads, including 11.2 million owned dogs. Thus, the rising adoption of pets among the population globally is increasing the demand for pet infusion pumps, which is believed to propel the market’s growth.
Initiatives by key market players and government agencies are also expected to fuel market growth. For instance, in March 2022, Merck Animal Health's partnership with the Street Dog Coalition to provide free veterinary care to homeless pets and the UK 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 pumps market is expected to grow in the coming years in line with 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 to deliver fluids into an animal's body in a controlled manner. Infusion pumps can be of different types and can be used for various purposes in a variety of environments.
The veterinary infusion pumps market is segmented by type, end user, and geography. By type, the market is segmented into large-volume infusion pumps and syringe infusion pumps. By end user, the market is segmented into veterinary hospitals and private clinics. By geography, the market is segmented into North America, Europe, Asia-Pacific, the 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 market sizes and forecasts in value (USD) 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)
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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 7.60% 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.
