According to the American Pet Products Association's (APPA) National Pet Owners Survey (2017-2018), 68 percent of US homes (or around 85 million families) own a pet. According to the poll, the overall expenditure on pets in the United States in 2017 was around USD 69,400 million, and approximately 90 million dogs are owned in the United States. Furthermore, according to research from Colorado State University, about one out of every four dogs in the world is diagnosed with cancer in November 2019. As a result, the need for infusion pumps is increasing due to rising animal sickness, an obese population, and increased pet adoption.
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Global veterinary infusion pumps market is expected to reach USD 654.58 million by 2028 from USD 281.58 million in 2020, growing with the healthy CAGR of 11.8% in the forecast period of 2021 to 2028. The market for veterinary infusion pumps is being driven by an increase in the prevalence of animal diseases and disorders, an increase in the number of animal accidents due to increased animal populations, and a large increase in pet ownership. The increasing number of veterinary hospitals and clinics and a large increase in veterinary practitioners are propelling the market forward. The veterinary infusion pumps market is being held back by a lack of animal health awareness in impoverished areas, infusion pump side effects, and expensive animal healthcare costs. The veterinary infusion pumps market benefits from rising animal healthcare spending, increased research and development, strategic market participant actions, and a large market potential.
The rise in prevalence of animal diseases and disorders with increase in animal population and pet adoptions will drive the market's growth rate
Various animals such as dogs, cats, birds, farm animals, ferrets, fishers, and horses are widely preferred by people as their pets due to their multiple efficient benefits in the home. Dogs have become part of the family of most Americans and other developing countries as they provide good companionship with their owners by enhancing social, emotional, and cognitive development among growing children. This is driving the growth of the market. Increased expenditure by public and private players on infrastructure development will also promote the market growth rate. Continuous research and development pertaining to the deployment of advanced technologies will yet again widen the scope of growth.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2013 - 2018)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Devices and Administration Sets and Pump Accessories) Infusion Type (Continuous and Intermittent), Model Type (With Power Code and Battery Operated), Mobility (Stationary and Portable), Infusion Mode (Rate Mode, Time Mode, Dose Mode and Others),Channel Type (Single Channel and Multi-Channel), Animal (Food Production and Companion Animals) End User (Hospitals, Veterinary Clinics, Homecare Settings, laboratories, And Others.), Distribution Channel (Direct Tender, Retail Pharmacy, Online Pharmacy, and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Grady Medical. (U.S.), Jørgen Kruuse A/S (Denmark), SAI Infusion Technologies (U.S.), VETLAND MEDICAL SALES & SERVICES. (U.S.), Caesarea Medical Electronics. (Israel), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Eickemeyer - Medizintechnik für Tierärzte KG (Germany), New Gen Medical. (U.S.), Shenzhen ENMIND Technology Co., Ltd. (China), Shenzhen MedRena Biotech Co., Ltd. (China), ivetmedical (U.S.), Instech Laboratories, Inc (U.S.), B. Braun Melsungen AG (Germany), Heska Corporation (U.S.), Avante Health Solutions (U.S.), Jorgensen Labs. (U.S.), Mediaid, Inc. (U.S.), Eitan Medical (Israel), Digicare Biomedical (U.S.), Kent Scientific Corporation. (U.S.), Burtons Medical Equipment Ltd (U.K.), Promed Group Co., Ltd. (China), Guangdong Baolight Medical Technology Co., Ltd. (China), DURECT CORPORATION (U.S.), Shenzhen Biocare Bio-Medical Equipment Co., Ltd. (China), Primetech Corporation (Japan), Beijing KellyMed Co., Ltd. (China), Tecnología Veterinaria y Médica S.L. (Spain) among others.
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
Global veterinary infusion pumps market is categorized into nine notable segments based on the type, infusion type, model type, mobility, infusion mode, channel type, animal, end user and distribution channel.
Hospitals segment will dominate the end user segment of the veterinary infusion pumps market
The clinical laboratories will emerge as the dominating segment under distribution channel in 2021 with approximately 55% market share. This is because of the growing number of veterinary hospitals in the market especially in the developing economies. Further, growth and expansion of the healthcare industry all around the globe will further bolster the growth of this segment.
The direct tender segment will dominate the distribution channel segment of the veterinary infusion pumps market
The direct tender segment will emerge as the dominating segment under distribution channel segment in 2021. This is because of the growing number of direct tenders all over the globe. Further, growth and expansion of distribution channels and services on a global scale will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in veterinary infusion pumps market: Grady Medical. (U.S.), Jørgen Kruuse A/S (Denmark), SAI Infusion Technologies (U.S.), VETLAND MEDICAL SALES & SERVICES. (U.S.), Caesarea Medical Electronics. (Israel), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Eickemeyer - Medizintechnik für Tierärzte KG (Germany), New Gen Medical. (U.S.), and Shenzhen MedRena Biotech Co., Ltd. (China).
Market Development
Regional Analysis
Geographically, the countries covered in the veterinary infusion pumps market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in veterinary infusion pumps market during the forecast period 2021 - 2028
Because of the substantial investment in the region for adopting new healthcare facilities, North America is likely to lead the global market for veterinary infusion pumps. In addition, the region's market is fueled by the presence of major competitors.
Asia-Pacific is estimated to be the fastest-growing region in veterinary infusion pumps market the forecast period 2021 - 2028
Asia-Pacific is expected to increase significantly as well and will register the highest growth rate owing to an increase in the region's pet population and increased investments in the healthcare sector. Furthermore, as part of their economic growth aspirations, growing economies in APAC, such as India, are heavily investing in the infrastructure development. Furthermore, increasing investment by multiple organizations in product research and development, particularly in manufacturing in developing countries, is fueling market expansion in the region.
COVID-19 Impact Analysis
The COVID-19 pandemic cases are the result of direct or indirect human interaction. There is no proof or confirmation that COVID-19 can be transmitted from animals to humans. The belief that animals can carry the virus to people has increased the number of abandoned pets. COVID-19 has also affected the supply chain, resulting in a global shortage of animal health items such as nutritional feed and vaccines. Many manufacturers in the animal health business have been left with a considerably diminished workforce, which has had a huge influence on the industry. Furthermore, the animal health market is projected to be hampered by rigorous government rules such as limits on the import of raw materials from China.
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Global Veterinary Infusion Pumps Market – Industry Trends and Forecast to 2030
Asia-Pacific Veterinary Infusion Pumps Market – Industry Trends and Forecast to 2028
North America Veterinary Infusion Pumps Market – Industry Trends and Forecast to 2028
Europe Veterinary Infusion Pumps Market – Industry Trends and Forecast to 2028
Middle East and Africa Veterinary Infusion Pumps Market – Industry Trends and Forecast to 2029