Asia Pacific Veterinary Equipment and Disposables Market (By Product: Fluid Management Equipment, Research Equipment; By Animal Type; By End-use) - Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2024-2033

The Asia Pacific veterinary equipment and disposables market size was estimated at around USD 431.14 million in 2023 and it is projected to hit around USD 875.46 million by 2033, growing at a CAGR of 7.34% from 2024 to 2033.

Key Pointers

• By Animal Type, the companion animal segment held the largest revenue share of more than 52% in 2023.
• By End-use, the veterinary hospitals/ clinics generated the maximum market share of 82% in 2023.
• By Product, the critical care consumables segment contributed the largest market share of 41% in 2023.
• By Product, the research equipment segment is expected to witness the fastest CAGR of 8.74% over the forecast period.

Asia Pacific Veterinary Equipment And Disposables Market Overview

The Asia Pacific region is witnessing significant growth in the veterinary equipment and disposables market, driven by several factors such as increasing pet adoption, rising awareness about animal health, and advancements in veterinary medicine. 

Asia Pacific Veterinary Equipment And Disposables Market Growth Factors

The Asia Pacific veterinary equipment and disposables market is experiencing robust growth due to several key factors. Firstly, the region's increasing pet population is driving demand for advanced veterinary equipment and high-quality disposables. As pet owners become more conscious about their animals' health, there is a rising need for diagnostic equipment, surgical instruments, and other essential veterinary supplies. Secondly, the growing prevalence of zoonotic diseases and the need for effective disease management in livestock are driving the adoption of veterinary equipment and disposables in the region. Thirdly, technological advancements in the veterinary industry are enhancing the efficiency and accuracy of veterinary procedures, further fueling market growth. Additionally, the shift towards disposable products, driven by their convenience, hygiene, and reduced risk of cross-contamination, is contributing to the expansion of the market. 

Report Scope of the Asia Pacific Veterinary Equipment And Disposables Market

Asia Pacific Veterinary Equipment And Disposables Market Trends:

• Rising Pet Adoption Rates: The increasing adoption of pets across Asia Pacific countries is driving the demand for veterinary equipment and disposables. Pet owners are becoming more aware of the importance of regular veterinary care, leading to higher investments in veterinary clinics and related equipment.
• Preventive Healthcare Measures: There is a growing emphasis on preventive healthcare measures for pets, including routine check-ups, vaccinations, and screenings. This trend is boosting the demand for diagnostic equipment and disposables used in veterinary clinics for early detection and management of diseases.
• Focus on Animal Welfare: Governments and non-profit organizations in the Asia Pacific region are increasingly focusing on improving animal welfare standards. This includes initiatives to enhance veterinary healthcare infrastructure, promote responsible pet ownership, and regulate the quality of veterinary equipment and supplies.
• Urbanization and Economic Growth: Urbanization and economic growth in countries like China, India, and Southeast Asian nations are driving the expansion of the veterinary industry. Rising disposable incomes and urban lifestyles are leading to higher spending on pet care, including veterinary services and related equipment.
• Preference for Non-Invasive Procedures: There is a growing preference for non-invasive veterinary procedures among pet owners, leading to increased demand for equipment such as ultrasound machines, endoscopes, and laser therapy devices. These technologies offer safer and less traumatic alternatives to traditional surgical methods.

Animal Type Insights

Based on animal type, the market is segmented into companion animal and livestock animal segments. The companion animal segment is further categorized into dogs, cats, horses, and others. Companion animals are domesticated or tamed animals that live with humans and provide them with social and emotional support.

In 2023, the companion animal segment held the largest revenue share of more than 52% and is expected to grow at a rapid CAGR over the forecast period. The presence of many manufacturers and traders in the region contributes to the revenue share of the segment. For instance, AMPall Co., LTD. a South Korean company manufactures veterinary infusion pumps among other products. The livestock animal segment is also anticipated to grow significantly over the forecast period.

End-use Insights

In terms of end-use, the veterinary hospitals/ clinics held the largest revenue share of more than 82% in 2023. Veterinary hospitals/ clinics witness the highest footfall of patients and perform the majority of the veterinary procedures and surgeries that involve the use of equipment and disposables.

The research institutes segment is expected to witness the fastest CAGR over the forecast period owing to an increase in research activities for the development of animal products.

Product Insights

In terms of product, the critical care consumables segment dominated the market in 2023 with a revenue share of 41% owing to its high usage in almost all types of veterinary procedures. The product segment is categorized into critical care consumables, anesthesia equipment, fluid management equipment, temperature management equipment, rescue and resuscitation equipment, research equipment, and patient monitoring equipment.

The research equipment segment is expected to witness the fastest CAGR of 8.74% over the forecast period. An increase in research activities undertaken for various applications, such as veterinary research, drug development, and production of biological agents, is one of the main drivers anticipated to boost demand for research equipment.

Shenzhen Mindray Animal Medical Technology Co., LTD. is one of the leading medical devices and comprehensive solutions providers for pets and animals. Its portfolio includes the WATO EX-65 Pro Vet anesthesia machine, the ePM 12M Vet patient monitoring system, the Vetina CS7 rigid endoscopy system, and the BeneFusion eSP/eVP/eDS Vet infusion pumps.

Asia Pacific Veterinary Equipment And Disposables Market Key Companies

• Smiths Medical
• Nonin
• B. Braun Melsungen AG
• Kshama Equipments
• Vetland Medical Sales & Services
• Midmark Corporation
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• Dispomed Ltd.
• Zoetis

Asia Pacific Veterinary Equipment And Disposables Market Segmentations:

By Product 

• Critical Care Consumables
  • Wound Management Consumables
  • Airway Management Consumables
  • Gastroenterology Consumables
  • Needles
  • Fluid Administration and Therapy Consumables
  • Accessories
  • Others
• Anesthesia Equipment
  • Complete Anesthesia Machines
  • Ventilators
  • Vaporizers
  • Waste Gas Management Systems
  • Gas Delivery Management Systems
  • Accessories
• Fluid Management Equipment
  • Large-volume Infusion Pumps
  • Syringe Pumps
• Temperature Management Equipment
  • Patient Warming Systems
    • Convection Warming Systems
    • Conduction Warming Systems
  • Fluid Warmers
• Rescue & Resuscitation Equipment
  • Resuscitation Bags
  • Oxygen Masks
• Research Equipment
  • Lab Evacuation Systems
  • Induction Chambers
• Patient Monitoring Equipment

By Animal Type 

• Companion Animal
  • Dogs
  • Cats
  • Horses
  • Others
• Livestock Animal

By End-use 

• Veterinary Hospitals/Clinic
• Research Institutes