In 2021, the Hospitals Segment is Expected to Dominate the Global Veterinary Infusion Pumps Market due to Increasing Number of Veterinary Hospitals Implemented and High fund for Animal Healthcare Provided by Government

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

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.

• On the basis of type, the global veterinary infusion pumps market is segmented into device and administration sets and pump accessories. In 2021, device segment is dominating the global veterinary infusion pumps market with the market share of 76.51% due to its wide application and convenient nature of advanced infusion pumps.
• On the basis of infusion type, the global veterinary infusion pumps market is segmented into continuous and intermittent. In 2021, continuous segment is dominating the global veterinary infusion pumps market with the market share of 68.22% due to its accurate delivery of drugs or medicinal fluid at constant phase.
• On the basis of model type, the global veterinary infusion pumps market is segmented into with power cord and battery operated. In 2021, the battery operated segment is dominating the global veterinary infusion pumps market with the market share of 88.75% since the infusion can be continuously performed without interruptions due to sustained battery operations.
• On the basis of mobility, the global veterinary infusion pumps market is segmented into stationary and portable. In 2021, the portable segment is dominating the global veterinary infusion pumps market with the market share of 90.69% since most veterinary hospitals and clinics are implemented with portable pumps for pet convenient applications.
• On the basis of infusion mode, the global veterinary infusion pumps market is segmented into rate mode, time mode, dose mode and others. In 2021, the rate mode segment is dominating the global veterinary infusion pumps market with the market share of 51.29% since the veterinary infusion pumps can be used maintaining the speed of flow which is important during the treatment duration.
• On the basis of channel type, the global veterinary infusion pumps market is segmented into single channel and multi channel. In 2021, the single channel segment is dominating the global veterinary infusion pumps market with the market share of 56.14% as the correct dosage of one drug at a time can be given preventing the chance of unwanted mixture of errors.
• On the basis of animal, the global veterinary infusion pumps market is segmented into food production and companion animals. In 2021, the food production segment is dominating the global veterinary infusion pumps market with the market share of 76.86% as people prefer poultry animals due to their enormous economic and financial benefits hence expected to dominate the market.
• On the basis of end user, the global veterinary infusion pumps market is segmented into hospitals, veterinary clinics, homecare settings, laboratories and others. In 2021, the hospitals segment is dominating the global veterinary infusion pumps market with the market share of 54.74% due to increasing number of veterinary hospitals implemented and high fund for animal healthcare provided by government.

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.

• On the basis of distribution channel, the global veterinary infusion pumps market is segmented into direct tender, retail pharmacy, online pharmacy and others. In 2021, direct tender segment is dominating the global veterinary infusion pumps market with the market share of 52.49% due to the rise in access to veterinary infusion therapies, the surge in the number of animal injury cases daily and the rise in the number of contacts for the supply of veterinary medical devices are predicted to dominate the market.

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

• In March 2021, B. Braun Melsungen AG announced that the company has reconstituted its Supervisory Board with four new shareholders. They resumed their work during the inaugural day session, which enhanced the company's product portfolio, thereby expected to increase their revenue for the future vet market.
• In April 2021, B. Braun Melsungen AG announced that they received If DESIGN AWARD 2021 for their latest Health/Medical category products for all clinical areas, winning over 98 member jury. This award was organized and sponsored by IF International Forum Design GmbH. This enhanced the company’s profile and reputation, thereby attracting more customers and increased profit for the market.
• In October 2019, B. Braun Melsungen AG announced that they collaborated with STANLEY Healthcare, thereby both following Integrating the Healthcare Enterprise Standards for smart infusion pumps for veterinary and human use. This collaboration's motive was to improve patient safety, the company’s asset utilization and staff efficiency. This improved their global reputation and attention from various customers, which has helped in enhancing their company profit.

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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