Veterinary Infusion Pumps Market: Dynamics, Key Players, and Industry Projections till 2028 by TechSci Research
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According to a detailed report by TechSci Research titled “Veterinary Infusion Pumps Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028,” the Global Veterinary Infusion Pumps Market, valued at USD 98.56 million in 2022, is projected to grow at a CAGR of 5.82% from 2024 to 2028. The burgeoning market for veterinary infusion pumps is driven by an increasing demand for precise and controlled fluid and medication administration in veterinary care. These devices have become indispensable in diverse veterinary settings, including clinics, hospitals, and field-based treatments.
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Industry Key Highlights
Rising Pet Ownership and Changing Lifestyles
The trend of pet ownership is accelerating globally, driven by growing consumer inclination towards Western lifestyles, especially in emerging economies like India and China. This cultural shift has led to an increase in the number of pet animals, thereby boosting the demand for veterinary infusion pumps. As per the American Veterinary Medical Foundation (AVMF), there were approximately 43,346,000 pet dogs and 36,117,000 pet cats in the United States in 2012, with average annual veterinary expenditures of USD 378 and USD 191 respectively. This significant pet population and spending underscore the expanding market for veterinary infusion pumps.
Emergence of New Diseases
New disease developments present untapped opportunities in animal health management. For instance, the porcine epidemic diarrhea virus (PEDV), caused by a coronavirus, infects the cellular lining within the small intestine of pigs, necessitating precise medical interventions that veterinary infusion pumps can provide.
Cancer Incidence in Animals
The rising incidence of cancer in animals and the increasing recurrence rates are significant factors driving the market. According to a 2015 study by Fetch a Cure, dogs and cats have higher tumor incidences than humans. Dogs are 35 times more likely to develop skin cancer, four times more likely to develop breast cancer, and eight times more likely to develop bone cancer. Furthermore, a 2017 study by the Animal Cancer Foundation estimated that approximately 25% of all dogs will develop tumors at some point, highlighting the growing demand for veterinary infusion pumps for cancer treatment.
Expanding Healthcare Infrastructure
The development of healthcare infrastructure, especially in developed regions, is expected to bolster market growth. The American Pet Products Association (APPA) projected that U.S. pet care spending would increase from USD 90.5 billion in 2018 to USD 123.6 billion in 2021. This increase in pet care spending in high and middle-income countries contributes significantly to the market’s growth potential.
Technological Advancements
Technological advancements and the integration of smart features into veterinary infusion pumps, such as remote monitoring and data management, are key drivers propelling the market. These innovations enhance the safety and efficiency of treatments, aligning with broader trends in healthcare digitization.
Emerging Trends and Drivers
Surge in Pet Ownership
The increasing pet ownership worldwide is a major driver for the market. Pets are now considered family members, leading to a heightened focus on their health and well-being. This trend drives the demand for advanced veterinary care, including the use of infusion pumps for precise medication administration.
Livestock Industry Expansion
The livestock industry’s growth is another significant driver. Efficient methods of administering medications and nutrients are essential for maintaining herd health and productivity, which veterinary infusion pumps facilitate.
Advances in Veterinary Medicine
Veterinary medicine is advancing rapidly, with a greater emphasis on customized treatment plans. Infusion pumps are crucial in administering individualized treatments, from surgery to critical care and chronic disease management.
Integration of Smart Technology
The incorporation of smart technology into infusion pumps, such as remote monitoring capabilities, is enhancing their appeal and effectiveness. This trend reflects the broader digitization of healthcare and aligns with the increasing demand for precision in medical treatments.
Customers can also request for 10% free customization on this report.
Competitive Analysis
The global veterinary infusion pumps market is highly competitive, with several key players driving innovation and market growth. Companies are focusing on product development, strategic partnerships, and mergers and acquisitions to strengthen their market position. For instance:
Top companies operating in Global Veterinary Infusion Pumps Market are:
- Burtons Medical Equipment Ltd.
- Founded: 1986
- Headquarters: Marden, Kent, United Kingdom
- Burtons Medical Equipment Ltd. is a manufacturer and supplier of veterinary and medical equipment.
- Digicare Biomedical Technology, Inc.
- Founded: 1995
- Headquarters: Boynton Beach, Florida, U.S.
- About: Digicare Biomedical Technology, Inc. provides patient monitoring equipment for veterinary practices.
- Dre Veterinary, Inc.
- Founded: 1984
- Headquarters: Louisville, Kentucky, U.S.
- Dre Veterinary, Inc. is now known as Avante Animal Health. It provides veterinary equipment and supplies.
- Grady Medical Systems, Inc.
- Founded: 1965
- Headquarters: Loveland, Colorado, U.S.
- About: Grady Medical Systems, Inc. provides veterinary specialty instruments and animal health products to veterinary practitioners.
- Jorgen Kruuse, A/S
- Founded: 1896
- Headquarters: Langeskov, Denmark
- Jorgen Kruuse A/S offers a comprehensive portfolio of proprietary products and branded consumable merchandise, as well as pet accessories, capital equipment, and pet food, to veterinary clinics and retail pet stores in Denmark, Norway, and Sweden.
- Jorgensen Laboratories
- Founded: 1965
- Headquarters: Loveland, Colorado, U.S.
- Jorgensen Laboratories provides veterinary medical equipment and supplies intended for veterinary practices, veterinary hospitals, and universities.
- Leading Edge Veterinary Equipment
- Headquarters: Centennial, Colorado, U.S.
- About: Leading Edge Veterinary Equipment provides high-performance, competitively priced, reliable veterinary medical equipment backed by world-class support and service. 14.
- Q Core Medical Ltd.
- Founded: 1996
- Headquarters: Netanya, HaMerkaz, Israel 15
- About: Q Core Medical Ltd. is focused on the manufacturing of infusion pump delivery systems for hospital and home care environments.
Future Outlook
The future of the veterinary infusion pumps market looks promising, with several factors contributing to its growth:
Increasing Pet Ownership
As pet ownership continues to rise globally, the demand for advanced veterinary care and equipment like infusion pumps will grow. Pets are increasingly viewed as family members, leading to higher investments in their health and well-being.
Expansion of Veterinary Services
The expansion of veterinary services, particularly in emerging economies, will drive market growth. Improved healthcare infrastructure and increased access to veterinary care will boost the adoption of infusion pumps.
Technological Innovations
Ongoing technological innovations will enhance the functionality and efficiency of veterinary infusion pumps. The integration of smart features, remote monitoring, and data management will continue to revolutionize veterinary care.
Focus on Animal Welfare
A growing focus on animal welfare and the development of regulatory frameworks supporting advanced veterinary care will drive market growth. Governments and organizations are increasingly recognizing the importance of high-quality veterinary care for animal health and safety.
Personalized Veterinary Care
The trend towards personalized veterinary care, where treatments are tailored to individual animals, will drive the demand for precise and reliable infusion pumps. This approach ensures optimal treatment outcomes and enhances the overall quality of care.
Growth in the Livestock Industry
The livestock industry’s growth will continue to be a significant driver for the market. Efficient and precise medication administration is crucial for maintaining herd health and productivity, which infusion pumps facilitate.
Increasing Awareness
Increasing awareness among pet owners and livestock farmers about the benefits of advanced veterinary equipment will drive market growth. Educational campaigns and initiatives by veterinary organizations will play a crucial role in this regard.
Benefits of the Research Report
The research report on the Global Veterinary Infusion Pumps Market offers several benefits:
- Comprehensive Market Analysis: Provides detailed insights into the market size, share, and growth trends.
- Competitive Landscape: Offers an in-depth analysis of key players and their strategies.
- Market Segmentation: Detailed segmentation based on type, end-user, region, and company.
- Technological Insights: Highlights technological advancements and their impact on the market.
- Future Projections: Provides forecasts for market growth and trends from 2024 to 2028.
- Emerging Trends: Identifies and analyzes emerging trends and their implications.
- Regulatory Insights: Offers insights into regulatory frameworks and their impact on the market.
- Investment Opportunities: Identifies potential investment opportunities and areas for growth.
- Market Drivers and Restraints: Analyzes key drivers and restraints shaping the market.
- Strategic Recommendations: Provides actionable recommendations for market participants to enhance their market position.
Customers can also request for 10% free customization on this report.
The global veterinary infusion pumps market is on a robust growth trajectory, driven by increasing pet ownership, the expansion of the livestock industry, and technological advancements. As veterinary care continues to evolve, the demand for precise and efficient medical equipment like infusion pumps will rise. The market is characterized by intense competition, with key players focusing on innovation and strategic partnerships to gain a competitive edge.
The future outlook for the market is promising, with several factors contributing to its growth. Increasing awareness about animal health, the development of advanced veterinary infrastructure, and ongoing technological innovations will continue to drive the market forward. As the importance of high-quality veterinary care becomes increasingly recognized, the demand for veterinary infusion pumps is expected to grow, ensuring optimal health and well-being for animals worldwide.
Customers can also request for 10% free customization on this report.
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