Veterinary Intravenous Solutions Market Size & Share Analysis - Growth, Trends, And Forecasts (2024 - 2029)

Veterinary Intravenous Solutions Market Analysis

The Veterinary Intravenous Solutions Market size is estimated at USD 1.74 billion in 2024, and is expected to reach USD 2.58 billion by 2029, growing at a CAGR of 8.23% during the forecast period (2024-2029).

The market is anticipated to witness steady growth during the study period. Factors such as the rising prevalence of various veterinary disorders, advancements in veterinary medicine, and rising emphasis on animal care have facilitated the industry's growth. According to the American Veterinary Medical Association, around 78,177 veterinarians were engaged in veterinary clinical practice in 2022 compared to 73,900 in 2021. Thus, the rising emphasis on animal care and an increasing number of veterinarians are projected to support industry expansion during the study period.

The growing burden of various chronic and infectious diseases in animals is expected to fuel demand for veterinary intravenous solutions to maintain their well-being. For instance, according to an article published by Tropical Medicine and Infectious Disease1 in March 2023, bovine leptospirosis was a significant burden on cows, and the infection survived and propagated through alternative routes of transmission, such as sexual pathways.

Similarly, according to an article published by Livestock Science1 in May 2022, cows were at increased risk of developing infections during lactation, which also affected their milk quality. This increased risk of developing infections translated to a greater demand for intravenous solutions to provide tailored care for animals. Such trends are anticipated to accelerate market growth over the study period.

Moreover, the escalating demand for IV infusions in animals owing to several benefits associated with them has accelerated their adoption. Also, the high preference of veterinarians for IV solutions in emergencies to maintain accurate blood pressure and lower the chances of organ failure has bolstered the industry’s expansion.

The industry is also going to benefit from the evolving veterinary care landscape, rising investments in the veterinary care space, and increasing awareness about the correct implications of IV therapy in animals. For instance, in December 2022, Clinicians of the Cummings School of Veterinary Medicine launched an initiative to encourage veterinary hospitals to correctly use IV solutions for hospitalized patients. Under this initiative, the clinicians elaborated on the role of IV solutions in managing critically ill animals and also explained the harm of IV therapy in animals if not monitored properly. Thus, such initiatives from leading research institutes and universities have supported market growth.

Furthermore, the need for food safety and the focus on nutrition-rich food has become extremely valuable in the veterinary intravenous (IV) solutions market. Nutrition has a critical role in supporting the healthy health of animals, especially in those who are hospitalized and on IV fluid therapy. Various nutritional ingredients like amino acids, minerals, and vitamins can be supplemented via the intravenous route to attain complete nutrition.

The rising demand from end users for IV nutrition for animals has facilitated market players to introduce novel solutions. For instance, in May 2022, METEX NOOVISTAGO announced the launch of inneus, a new solution to support the intestinal health of poultry and piglet. The product is a combination of potent amino acids with polyphenols. Thus, the launch of such novel regimens is likely to foster industry uptake in the coming years.

Factors such as lack of awareness for IV solutions for animals and less penetration of animal care in low and middle-income countries are anticipated to hamper industry growth over the forecast period.

Veterinary Intravenous Solutions Market Trends

Companion Animal Segment is Expected to Hold a Major Market Share in the Global Veterinary Intravenous Solutions Market

Veterinary Intravenous Solutions Industry Segmentation

As per the scope of the report, veterinary IV solutions are specialized intravenous fluid therapies designed to maintain hydration, restore electrolyte balance, and deliver medications to animals in clinical settings. These solutions are essential for the treatment of various medical conditions and support optimal health and recovery in animals.

The veterinary IV solutions market is segmented by product, indication, animal type, and end user. Based on the product, the market is segmented into isotonic crystalloids, synthetic colloids, blood products, dextrose solutions, and parenteral nutrition. By indication, the market is segmented as diabetic ketoacidosis, pancreatitis, anthrax, chronic kidney disease, and other indications. By animal type, the market is segmented into companion animals and production animals. By end user, the market is segmented as veterinary hospitals, research institutes, and other end users. The report also covers the market sizes and forecasts for the veterinary intravenous solutions market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).