Veterinary Monitoring Equipment Market Size, Share, Industry Trends and Forecast to 2030

Market Size & CAGR of Veterinary Monitoring Equipment Market in 2021

Veterinary monitoring equipment market is projected to reach USD 2.5 billion by 2021 with a CAGR of 5.8% from 2021 to 2025.

COVID-19 Impact on the Veterinary Monitoring Equipment Market

The COVID-19 pandemic has significantly affected the veterinary monitoring equipment market, leading to disruptions in the supply chain and a decrease in demand initially. However, as the importance of animal health became more apparent during the pandemic, the market witnessed a surge in demand for monitoring equipment.

Veterinary Monitoring Equipment Dynamics

The veterinary monitoring equipment market is driven by the increasing focus on pet health, technological advancements in monitoring devices, and the rising adoption of companion animals. Key trends include the integration of AI in monitoring equipment and the development of portable and wireless devices.

Segments and Related Analysis

By Product Type:

- Vital Sign Monitors

- Anesthesia Monitors

- ECG Devices

- Imaging Devices

By Animal Type:

- Small Companion Animals

- Large Animals

- Exotic Animals

- Others

By Region Analysis

The North American region dominates the veterinary monitoring equipment market, followed by Europe and Asia Pacific. Factors such as high pet ownership rates, advanced healthcare infrastructure, and increasing awareness about animal health contribute to the growth of these regions.

Key Market Players and Competitive Landscape

Leading players in the veterinary monitoring equipment market include Smiths Group, Digicare Biomedical Technology, DRE Veterinary, Midmark Corporation, and Vetland Medical Sales & Services. These companies focus on product innovation, strategic partnerships, and acquisitions to maintain their competitive position.

Recent Happenings in the Veterinary Monitoring Equipment Market

- In 2021, Smiths Group launched a new range of wireless monitoring devices for veterinary clinics.

- Digicare Biomedical Technology introduced a cloud-based monitoring platform for remote patient monitoring in veterinary care.

- DRE Veterinary acquired a leading manufacturer of anesthesia machines to expand its product portfolio.