Tissue Engineering Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Material Type (Synthetic Materials, Biologically Derived Materials, Others), By Application (Orthopedics, Musculoskeletal & Spine, Neurology, Cardiology, Skin & Integumentary, Others), By End User (Hospitals, Cancer Research Centers, Academic and Research Institutes, Others) By Region
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationTissue Engineering Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Material Type (Synthetic Materials, Biologically Derived Materials, Others), By Application (Orthopedics, Musculoskeletal & Spine, Neurology, Cardiology, Skin & Integumentary, Others), By End User (Hospitals, Cancer Research Centers, Academic and Research Institutes, Others) By Region
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 11.26 billion |
| CAGR (2023-2028) | 9.24 % |
| Fastest Growing Segment | Biologically Derived Materials |
| Largest Market | North America |
Market Overview
Global Tissue Engineering Market has valued at USD 11.26 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 9.24 % through 2028. The Global Tissue Engineering Market has emerged as a dynamic and rapidly evolving sector within the broader field of regenerative medicine and biotechnology. Tissue engineering involves the application of principles from biology, chemistry, and engineering to create functional tissues and organs for medical purposes. This innovative field is driven by the increasing demand for organ transplants, a shortage of donor organs, and the need for advanced therapeutic solutions.
Key Market Drivers
Rising Prevalence of Chronic Diseases and Injuries
The rising prevalence of chronic diseases and injuries is a pivotal driver behind the burgeoning Global Tissue Engineering Market. Chronic illnesses, such as cardiovascular diseases, diabetes, and orthopedic disorders, are becoming increasingly common worldwide due to factors like sedentary lifestyles, dietary habits, and an aging population. These conditions often lead to organ or tissue damage that necessitates advanced medical interventions. Traditional treatment approaches, such as organ transplantation, face significant limitations, including donor shortages and compatibility issues. Tissue engineering emerges as a transformative solution to this growing healthcare challenge.
Tissue engineering's ability to create custom-made tissues and organs tailored to individual patient needs is revolutionizing the treatment landscape. Researchers and medical professionals can leverage this technology to develop functional replacements for damaged tissues, offering patients new hope for improved quality of life. This approach holds particular promise in addressing the long-standing organ transplant waiting lists, as it reduces dependency on donor organs and mitigates the risk of rejection.
Additionally, the tissue engineering market is gaining traction in addressing injuries resulting from accidents and trauma, including spinal cord injuries and severe burns. These types of injuries can have debilitating consequences, often leading to permanent disabilities. Tissue engineering offers the potential to repair and regenerate damaged tissues, potentially restoring lost functions and providing a lifeline to those affected.
As the burden of chronic diseases and injuries continues to rise globally, so does the demand for innovative solutions like tissue engineering. Patients and healthcare providers are increasingly turning to regenerative medicine approaches to treat and manage these conditions. This growing demand not only fuels market expansion but also drives research and development efforts, leading to continuous advancements in tissue engineering technologies. In essence, the rising prevalence of chronic diseases and injuries serves as a catalyst, propelling the global tissue engineering market into a promising future where the boundaries of medical science are continually pushed to deliver hope and healing to those in need.
Aging Population
The aging population represents a significant driver behind the rapid growth of the Global Tissue Engineering Market. Across the world, demographic shifts are causing a substantial increase in the elderly population. With this aging demographic comes a higher incidence of age-related health issues and degenerative diseases. As individuals age, their risk of developing conditions such as cardiovascular diseases, neurodegenerative disorders, and orthopedic ailments significantly increases. These conditions often necessitate medical interventions that go beyond conventional treatments, creating a pressing need for innovative solutions like tissue engineering.
Tissue engineering is uniquely positioned to address the healthcare challenges posed by an aging population. It offers the potential to create personalized and patient-specific tissues and organs that can replace or repair damaged ones. This approach aligns seamlessly with the growing trend of personalized medicine, where treatments are tailored to an individual's unique genetic and physiological profile. By harnessing a patient's own cells to engineer tissues, tissue engineering minimizes the risk of rejection and enhances treatment efficacy, which is especially crucial for elderly patients with compromised immune systems.
Moreover, tissue engineering caters to the specific healthcare needs of the elderly population. It can be used to develop solutions for age-related conditions like degenerative joint diseases, osteoporosis-related fractures, and age-related macular degeneration. These applications improve the quality of life for elderly individuals, promoting greater independence and well-being during their later years.
As the global population continues to age, the demand for tissue engineering solutions is poised to rise even further. Governments, healthcare providers, and patients are increasingly recognizing the potential of regenerative medicine and tissue engineering to address the unique healthcare needs of the elderly. This recognition is driving investment in research and development, facilitating regulatory support, and fostering collaborations between academic institutions and industry.
Technological Advancements
Technological advancements are playing a pivotal role in propelling the Global Tissue Engineering Market to new heights. This dynamic field, at the intersection of biology, engineering, and medicine, is experiencing transformative innovations that are reshaping the landscape of regenerative medicine. These advancements are opening up unprecedented possibilities and expanding the scope of tissue engineering applications.
One of the most significant technological breakthroughs driving the tissue engineering market is the evolution of biotechnology. Researchers are now equipped with a deeper understanding of cellular biology and molecular processes, allowing them to manipulate and engineer cells with greater precision. The integration of stem cell research, a field that has seen remarkable progress, has unlocked the potential to create a wide range of cell types for tissue regeneration. Induced pluripotent stem cells (iPSCs), for example, can be reprogrammed into various cell lineages, making them a valuable resource in tissue engineering endeavors.
Furthermore, the advent of gene editing techniques, particularly CRISPR-Cas9, has revolutionized tissue engineering. This powerful tool enables scientists to modify the genetic makeup of cells with incredible precision. By editing genes, researchers can enhance the safety and functionality of engineered tissues, reducing the risk of rejection and improving their performance once transplanted.
In parallel, advances in biomaterials have expanded the toolkit of tissue engineers. The development of biocompatible materials that mimic the properties of natural tissues has allowed for the creation of more realistic and functional tissue constructs. 3D printing technologies have also made a substantial impact on tissue engineering. With 3D printing, it is now possible to create intricate and patient-specific tissue scaffolds layer by layer, offering unprecedented control over the structure and composition of engineered tissues. This technology enables the customization of tissue constructs to match individual patient needs, improving the chances of successful transplantation..
Key Market Challenges
Complex Regulatory Frameworks
Complex regulatory frameworks represent a substantial hurdle hindering the growth and development of the Global Tissue Engineering Market. While regulations are essential to ensure the safety and efficacy of medical products, the intricate and evolving nature of tissue engineering has created unique challenges for both industry players and regulatory authorities. One of the primary challenges lies in the classification and oversight of tissue-engineered products. Depending on their intended use and composition, these products can fall under various regulatory categories, including medical devices, biologics, or combination products. This ambiguity often necessitates engagement with multiple regulatory agencies, each with its own set of requirements, making the regulatory process cumbersome and time-consuming.
The stringent and lengthy approval processes for tissue-engineered products are another significant challenge. Regulatory agencies, such as the FDA (Food and Drug Administration) in the United States and the EMA (European Medicines Agency) in Europe, require extensive preclinical and clinical data to demonstrate safety and efficacy. This rigorous evaluation is critical to protecting patient safety, but it can significantly delay market entry and increase development costs.
Furthermore, the pace of regulatory adaptation often lags behind the rapid advances in tissue engineering. As the field continuously evolves with new techniques and technologies, regulators must keep up to ensure that their policies remain relevant and effective. This lag can create uncertainty for companies investing in tissue engineering research and development, as they may not be certain of the regulatory requirements they will face in the future.
Long and Costly Development Timelines
Long and costly development timelines represent a formidable challenge hindering the progress of the Global Tissue Engineering Market. While tissue engineering holds immense potential in revolutionizing healthcare, the protracted and resource-intensive journey from initial research to market-ready products can deter investors and slow down the translation of promising concepts into practical applications.
The development process for tissue-engineered products is characterized by several phases, including preclinical studies and extensive clinical trials. Preclinical research involves laboratory testing and animal studies to assess the safety and efficacy of tissue-engineered constructs. These studies, although essential for establishing a product's viability, can consume years of research efforts and significant financial resources.
Clinical trials, a critical step in the development process, are particularly time-consuming and expensive. These trials are typically conducted in multiple phases, with each phase requiring meticulous planning, execution, and data analysis. Phase I trials primarily focus on safety, while Phase II trials delve into efficacy and dosing. Phase III trials, often involving large patient populations, provide further insights into the product's effectiveness and safety profile.
The lengthy duration of clinical trials can be attributed to several factors, including patient recruitment challenges, regulatory requirements, and the need for long-term follow-up to assess the durability of tissue-engineered products. The costs associated with these trials, encompassing patient recruitment, monitoring, data analysis, and compliance with regulatory standards, can be exorbitant, running into millions or even billions of dollars.
Key Market Trends
Diverse Range of Applications
The Global Tissue Engineering Market is experiencing robust growth, thanks in large part to its diverse range of applications across various medical fields. Tissue engineering has transcended its initial purpose of repairing and replacing damaged tissues, expanding its potential to address a wide spectrum of healthcare challenges. This versatility is one of the key drivers propelling the market forward. One of the most prominent applications of tissue engineering lies in orthopedics and musculoskeletal medicine. Patients suffering from bone fractures, cartilage defects, and joint injuries are benefiting from tissue-engineered solutions that promote the regeneration of these critical structures. Advanced biomaterials and scaffold designs are enabling the creation of custom-made bone grafts and cartilage implants that seamlessly integrate with the patient's own tissues, reducing pain and improving mobility.
Dermatology is another area where tissue engineering has made substantial inroads. Chronic wounds, burns, and skin defects often present complex clinical scenarios. Tissue-engineered skin substitutes offer an effective and cosmetically pleasing solution. These engineered skin grafts, composed of layers that mimic natural skin, aid in wound closure and promote tissue regeneration, ultimately enhancing the healing process and reducing scarring.
Cardiology represents yet another promising frontier for tissue engineering. Heart disease remains a leading cause of mortality worldwide, and tissue-engineered heart valves and cardiac patches hold great potential in addressing this issue. These engineered constructs can replace or repair damaged heart tissue, improving cardiac function and the overall quality of life for patients.
Beyond these areas, tissue engineering is also making significant contributions to fields like ophthalmology, neurology, and urology. Tissue-engineered corneas are being developed to address vision impairments, while neural tissue engineering aims to repair spinal cord injuries and treat neurodegenerative disorders. In urology, tissue-engineered bladders and urethras are being explored to help patients with urinary tract conditions.
Personalized Medicine
Personalized medicine is emerging as a powerful driver behind the growth of the Global Tissue Engineering Market. This innovative approach to healthcare, which tailors medical treatments to the unique genetic and physiological characteristics of individual patients, aligns seamlessly with the capabilities of tissue engineering. As a result, personalized medicine is playing a pivotal role in propelling the tissue engineering market forward.
Tissue engineering, at its core, is about creating customized tissues and organs. This aligns perfectly with the principles of personalized medicine, where treatments are tailored to the specific needs of each patient. One of the key advantages of personalized tissue engineering is the ability to use a patient's own cells to create tissues and organs, minimizing the risk of rejection. By utilizing the patient's own biological materials, tissue-engineered products can closely match the patient's genetic profile, ensuring compatibility and enhancing treatment efficacy.
Personalized medicine is particularly relevant in the context of tissue engineering for organ transplantation. The shortage of donor organs is a global healthcare challenge, leading to long waiting lists and limited treatment options for patients in need. Tissue engineering offers a solution by enabling the creation of patient-specific organs, reducing the dependency on donor organs and the risk of rejection. This not only addresses the critical issue of organ scarcity but also improves patient outcomes and quality of life.
Furthermore, personalized tissue engineering is advancing the field of regenerative medicine. It allows for the development of tailored tissue constructs for patients with specific medical conditions or injuries. For example, a patient in need of a knee cartilage replacement can receive a tissue-engineered graft that matches their unique anatomy and biomechanics, offering a more effective and durable solution than generic off-the-shelf alternatives.
As technology continues to advance, tissue engineering is becoming increasingly sophisticated in its ability to create personalized solutions. Advances in stem cell research, gene editing techniques like CRISPR-Cas9, and the development of biocompatible materials are enhancing the precision and effectiveness of personalized tissue engineering treatments.
Segmental Insights
Material Type Insights
Based on the Material Type, the Biologically Derived Materials emerged as the dominant segment in the global market for Global Tissue Engineering Market in 2022
End User Insights
Based on the End User, the Hospitals segment emerged as the dominant player in the global market for Global Tissue Engineering Market in 2022
Hospitals house specialized departments and surgical units where tissue engineering products are frequently employed. Departments such as orthopedics, plastic surgery, cardiovascular surgery, and dermatology commonly use tissue-engineered products to improve patient outcomes.
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Regional Insights
North America emerged as the dominant player in the global Tissue Engineering Market in 2022, holding the largest market
The region is a hub for cutting-edge research and development in the field of tissue engineering. Leading universities, research institutes, and biotechnology companies conduct extensive research, driving innovation and the development of new tissue-engineered products and therapies.
Recent Developments
- InMay 2022, Rousselot, the health brand under Darling Ingredients, unveiledQuali-Pure HGP 2000. This novel pharmaceutical-grade gelatin, meticulouslymonitored for endotoxin levels, has been tailor-made for utilization invaccines and wound healing applications.
- InAugust 2022, the Food and Drug Administration (FDA) issued official approvalfor capmatinib (Tabrecta, Novartis Pharmaceuticals Corp.) for use in adultpatients diagnosed with metastatic non-small cell lung cancer (NSCLC)characterized by a mutation causing mesenchymal-epithelial transition (MET)exon 14 skipping, as identified by an FDA-approved test.
Key Market Players
- Zimmer Biomet Holdings Inc.
- StrykerCorporation Holdings
- 3DBioFibR Inc.
- IntegraLifeSciences Corporation
- CollPlantBiotechnologies Ltd.
- AbbVie(Allergan Aesthetics)
- Becton,Dickinson and Company
- Athersys,Inc.
- BioTissue
- JapanTissue Engineering Co., Ltd
| By Material Type | By Application | By End-user | By Region |
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Veterinary Furniture Market Size
Veterinary Furniture Market size was valued at USD 2 billion in 2023 and is poised to witness growth at 5.7% CAGR from 2024 and 2032. The global rise in pet ownership is a key driver in the market. With more households embracing pets, the demand for veterinary services is on the upswing.
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This, in turn, is spurring the need for well-equipped veterinary facilities, thereby driving the market for specialized furniture tailored for veterinary clinics and hospitals. Concurrently, advancements in veterinary medicine are pushing for the adoption of specialized furniture to accommodate new treatments and procedures, further propelling market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Veterinary Furniture Market Size in 2023: | USD 2 Billion |
| Forecast Period: | 2024-2032 |
| Forecast Period 2024-2032 CAGR: | 5.7% |
| 032 Value Projection: | USD 3.2 Billion |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 155 |
| Tables, Charts & Figures: | 275 |
| Segments covered: | Product, Usage, End-user, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Moreover, pet owners are increasingly willing to invest in top-tier veterinary care, amplifying the call for advanced, comfortable, and functional veterinary furniture. The worldwide proliferation of veterinary hospitals and clinics is an added impetus. With the opening of more facilities, the demand for a range of veterinary furniture, from examination tables to cutting-edge surgical platforms, is escalating.
Veterinary furniture comprises specialized furnishings and equipment tailored for veterinary settings, including clinics, hospitals, and animal care facilities. From examination tables and surgical platforms to animal housing units, cabinets, and seating, each piece is meticulously designed to bolster animal treatment, ensure ergonomic working conditions for veterinarians, and uphold stringent standards of hygiene and durability. These furnishings are pivotal in creating efficient, safe, and comfortable environments for both animals and veterinary professionals, ultimately enhancing care and treatment outcomes.
Veterinary Furniture Market Trends
- An increasing emphasis on animal healthcare and welfare is a key driver propelling growth in the market. With pets increasingly regarded as family members, owners are prioritizing their health. This shift is resulting in more frequent visits to veterinary clinics.
- This heightened awareness is bolstered by advancements in veterinary medicine, educational initiatives, and the rising availability of pet insurance. The latter factor notably enhances the accessibility of regular and preventive care.
- Furthermore, stringent animal welfare regulations mandate that veterinary facilities uphold elevated care standards. Consequently, these regulations are prompting investments in specialized, ergonomic, and hygienic furniture.To cater to the rising visitation rates and demand for advanced treatments, veterinary clinics and hospitals are in need of a diverse range of furniture. This includes examination and surgical tables, treatment tables, containment units, and workstations.
- This comprehensive approach to animal care not only enhances the overall experience for pets and their owners, but also significantly boosts the demand for modern and functional veterinary furniture.
Veterinary Furniture Market Analysis
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Based on product, the market is segmented into tables, lift tables, mobile carts, workstations, boarding & containment, chairs & stools, veterinary cabinets & storage units, and other products. The tables segment dominated the market with 28.1% of market share in 2023.
- Veterinary tables, spanning from examination to surgical and general-use, play a pivotal role in veterinary procedures. Their adaptability to diverse requirements cements their significance in veterinary settings, propelling heightened demand andmarket dominance.
- Contemporary veterinary tables are increasingly equipped with cutting-edge functionalities like motorized lifts, tilt options, built-in weighing scales, and adjustable heights. These advancements not only bolster operational efficiency but also elevate the standard of patient care, contributing to the segment's growth
Based on usage, the veterinary furniture market is divided into clinical use and administrative use. The clinical use segment held highest market share and was valued at USD 1.3 billion in 2023.
- Clinical furniture, encompassing examination tables, surgical tables, treatment stations, and workstations, plays a pivotal role in animal care and treatment. These pieces are indispensable for tasks like examinations, surgeries, treatments, and diagnostics, which form the backbone of operations in veterinary settings.
- Compared to administrative furniture, clinical furniture sees higher utilization. Given the high volume of clinical procedures in veterinary practices, there's a demand for robust, versatile equipment that can handle frequent use and diverse treatment requirements. These factors notably propel the growth of the clinical furniture segment.
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Based on end-user, the veterinary furniture market is categorized veterinary hospitals, veterinary clinics, and other end-users. The veterinary hospital segment is anticipated to grow at 5.6% CAGR over the coming years.
Veterinary hospitals, in contrast to smaller clinics, manage a higher patient volume. This necessitates sturdy furniture capable of withstanding continuous use and accommodating a variety of animal sizes and species.
- Moreover, they often invest in cutting-edge medical equipment, including specialized furniture like imaging tables for diagnostics and surgical tables for intricate procedures.
- Many veterinary hospitals also feature dedicated units like ICUs, surgical suites, and dental clinics. Each of these necessitates tailored furniture to meet the unique needs of both patients and procedures, collectively propelling segment growth.
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The North American veterinary furniture market is projected to grow at a CAGR of 5.6%, aiming to hit USD 1.4 billion by 2032.
- North America boasts a robust veterinary infrastructure, with a plethora of clinics and hospitals outfitted with cutting-edge technologies. These establishments necessitate specialized furniture, like examination and surgical tables, to cater to a wide array of diagnostic and therapeutic procedures, thereby fuelling the region's market growth.
In 2023, the U.S. veterinary furniture market was valued at USD 777.9 million, with a forecast to escalate to USD 1.2 billion by 2032.
- A study by CareCredit reveals that routine veterinary checkups in the U.S. typically range from USD 25 to USD 186, while emergency visits can spike between USD 374 and USD 1,285. Notably, Connecticut leads with an average routine veterinary cost of approximately USD 93 per visit.
- Given the escalating costs of veterinary care, practices are increasingly investing in state-of-the-art facilities and equipment, including furniture, to not only meet the rising standards of pet care but also to elevate service quality. This shift is a key driver behind the U.S. market's expansion.
The German veterinary furniture market is set for growth in the upcoming years.
- As per the European Pet Food Industry Federation (FEDIAF), Europe's pet population surged from 305 million in 2021 to 340 million in 2022. Similarly, Germany witnessed an uptick in its pet population, reaching 34.4 million in 2022, up by 300,000 from the previous year.
- This demographic shift translates into a sustained demand for veterinary services, underscoring the necessity for well-equipped facilities, including modern furniture.
India is poised for substantial growth in the global veterinary furniture market.
- Rising disposable incomes among India's urban populace are translating into increased spending on pet care, including veterinary services and associated equipment. This surge in demand is driving the adoption of advanced veterinary furniture to align with evolving pet owner expectations.
- Moreover, governmental initiatives aimed at enhancing animal healthcare and welfare are further catalyzing the development of India's veterinary infrastructure.
Veterinary Furniture Market Share
The market is fragmented with a mix of global and regional players. Leading companies are focusing on product innovation, technological integration, and strategic partnerships to gain a competitive edge. They are also investing in research and development to introduce advanced furniture solutions that improve efficiency, safety, and patient care outcomes. This competitive landscape underscores a dynamic industry poised for continued growth and innovation as it meets the evolving needs of veterinary practices worldwide.
Veterinary Furniture Market Companies
Prominent players operating in the veterinary furniture industry include:
- Avante Animal Health (DRE Veterinary)
- Burtons Medical Equipment Ltd.
- Covetrus
- David Bailey Furniture Systems Ltd
- Dispomed ltd
- Midmark Corporation
- OLYMPIC VETERINARY
- TECHNIK Ltd
- Tristar Metals, INC (Tristar Vet)
- VETINOX
Veterinary Furniture Industry News:
- In January 2022, Mindray Corporation announced the launch of Synthesis Wall-Hung Cabinetry, designed to improve operational efficiency for animal health teams. This new line includes a range of base and tall cabinets that securely attach to walls, offering better visibility and convenient access to supplies. This strategic product launch helped the company to enhance its product offerings and generate revenue.
The veterinary furniture market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
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Market, By Product
- Tables
- Examination tables
- Surgical tables
- Other tables
- Lift tables
- Mobile carts
- Workstations
- Boarding & containment
- Chairs & stools
- Veterinary cabinets & storage units
- Other products
Market, By Usage
- Clinical use
- Administrative use
Market, By End-user
- Veterinary hospitals
- Veterinary clinics
- Other end-users
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
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Pet DNA Testing Market size accounted for market size of USD 351.6 million in 2023 and is poised to remarkably grow at a rate of 9% from 2024 to 2032. Technological advancements in genetic testing, particularly in genomics, have driven the growth of the animal genetics market.
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These advancements have not only slashed costs but also bolstered accuracy. Consequently, pet DNA tests have become more accessible and affordable, propelling market expansion. Manufacturers are now offering comprehensive genetic testing aids, shedding light on breed identification, health predispositions, and ancestry, catering to a broad spectrum of pet owners.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Pet DNA Testing Market Size in 2023: | USD 351.6 Million |
| Forecast Period: | 2024-2032 |
| Forecast Period 2024-2032 CAGR: | 9% |
| 032 Value Projection: | USD 755.7 Million |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 267 |
| Segments covered: | Pet Type, Testing Type, Sample Type, End-user, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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What are the growth opportunities in this market?
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Rising awareness of hereditary conditions and the significance of preventive healthcare, especially among veterinarians and pet owners, further propels the market. Pet DNA tests, by pinpointing genetic markers for diseases, empower proactive health management, allowing for timely interventions. The surge in popularity of at-home testing kits has also been a significant driver, as they offer a convenient means for owners to delve into their pets' genetic details.
Pet DNA testing, a process that involves analyzing an animal's genetic material, unveils its breed composition, ancestry, and potential health risks. Typically, a DNA sample is collected through a cheek swab and then analyzed in a lab, providing a comprehensive genetic profile. Armed with this information, both pet owners and veterinarians can tailor decisions on diet, exercise, and preventive healthcare, ultimately enhancing the pet's overall well-being.
Pet DNA Testing Market Trends
- The market is witnessing robust growth, propelled by a surge in pet owners' awareness of genetic health issues. Owners are increasingly turning to online resources, veterinary advice, and media coverage to learn about hereditary conditions and the advantages of genetic testing.
- Veterinarians play a crucial role in advocating for DNA tests as part of routine pet healthcare. These tests aid in the early detection and management of genetic predispositions.
- Moreover, the growing trend of pet humanization is leading owners to invest more in their pets' healthcare, including advanced options. With advancements in genetic testing technology, these tests are becoming more accurate, affordable, and accessible, further fueling their adoption rates.
- This collective shift towards heightened awareness and a proactive stance emphasizes the importance of understanding genetic risks, a factor that is significantly driving the expansion of the market.
Pet DNA Testing Market Analysis
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Based on pet type, the market is segmented into dogs, cats and horses. The dogs segment held highest market share of 72.4% in 2023.
- The dominance of the dogs segment in the market is primarily attributed to the widespread ownership of dogs and their diverse breed makeup. Globally, dogs rank among the most favored pets, gracing a significant number of households.
- Moreover, dogs boast a wide array of breeds and genetic backgrounds, compelling owners to turn to DNA tests for a comprehensive understanding of their pets' lineage. This curiosity is especially pronounced with mixed-breed dogs, whose visual identification can be challenging.
- Consequently, the substantial ownership of dogs, coupled with this inherent curiosity, fuels a robust market for pet DNA testing, driven by owners keen on unraveling their pets' genetic blueprints.
Based on testing type, the pet DNA testing market is classified into genetic diseases, breed identification, and trait analysis. The genetic diseases segment dominated the global market and is expected to grow at 9.1% CAGR during the forecast period.
- The rising awareness among pet owners about genetic diseases drives demand for market, as they seek to understand and mitigate potential hereditary health risks.
- Additionally, advancements in genetic testing technologies have made these tests more accurate, comprehensive, and affordable. Modern testing panels can screen for multiple genetic disorders simultaneously, providing detailed insights into a pet’s health. This technological progress thereby drives the growth of genetic disease segment in market.
Based on sample type, the pet DNA testing market is divided into mouth swab, blood sample, and hair sample. The mouth swab segment accounted for significant market revenue of USD 265.8 million in 2023.
- Mouth swab samples are easy to collect, requiring only a quick swab of the pet's cheek. This simplicity makes the process stress-free for both pets and owners, leading to higher adoption rates.
- Unlike blood samples or other invasive methods, mouth swabs are non-invasive and painless. Furthermore, the effectiveness of these samples in producing comprehensive genetic information boosts consumer confidence in this method.
- Owing to advantages such as ease of collection, non-invasive nature, accuracy, and convenience, this segment is anticipated to witness growth in coming years
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Based on end-user, the pet DNA testing market is categorized into veterinarians, pet owners, and breeders. The veterinarians segment held majority of market share and is predicted to reach USD 295.1 million by 2032.
- Veterinarians bring professional expertise in interpreting complex genetic test results, enhancing the perceived value of DNA tests. Pet owners highly trust their veterinarians' recommendations, leading to the dominance of pet DNA testing.
- Veterinary clinics have access to advanced DNA testing technologies and partnerships with reputable testing companies. This access ensures high-quality testing and reliable results, further driving the segmental growth.
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In 2023, the North American pet DNA testing market reached a value of USD 139.2 million, with a projected CAGR of 8.9% from 2024 to 2032.
- Driving this growth are the region's high rates of pet ownership, its advanced veterinary care infrastructure, and a growing awareness among pet owners regarding proactive pet health management.
- Pet owners in North America are increasingly interested in understanding their pets' genetic composition and potential health risks, leading them to opt for DNA testing.
- Given this environment, and a culture that places a premium on comprehensive pet care, North America emerges as a frontrunner in the market.
The U.S. pet DNA testing market is set to hit USD 270.2 million by 2032, with a CAGR of 8.8%.
- The U.S. boasts one of the world's highest rates of pet ownership, with many households considering their pets integral family members. This extensive pet population is driving a robust demand for DNA tests, as owners seek insights into their pets' genetic traits and potential health risks.
- Moreover, the rise of e-commerce platforms has transformed the accessibility of DNA testing kits. Pet owners can now easily purchase these kits online, with deliveries straight to their doorsteps. This convenience not only broadens market access but also spurs greater adoption among U.S. pet owners, further fueling the country's market growth.
China's pet DNA testing market is set for significant growth in the upcoming years.
- Government investments in healthcare, including new hospitals, are enhancing access to advanced medical technologies like MRI scans.
- As China's population ages, there's a heightened incidence of chronic diseases, necessitating precise diagnostic tools. Additionally, a growing public emphasis on early diagnosis and preventive healthcare is boosting the utilization of MRI scans, collectively propelling China's market.
India is poised for substantial growth in the global pet DNA testing market over the forecast period.
- India is witnessing a surge in veterinary services and pet care infrastructure. As more clinics and hospitals offer genetic testing, pet owners are increasingly aware and have easier access, further fueling market expansion.
Pet DNA Testing Market Share
The market is characterized by several key players competing to establish market leadership and innovate within the industry. Companies such as Wisdom Panel (Mars, Inc.), Embark Veterinary, DNA My Dog (Canadian Dog Group Ltd.), and Basepaws, Inc. (Zoetis) are prominent players known for offering comprehensive DNA testing for pets. These companies provide tests that analyze breed composition, genetic health risks, and traits, catering to both dog and cat owners worldwide.
Pet DNA Testing Market Companies
Prominent players operating in the pet DNA testing industry include:
- Ancestry
- Basepaws, Inc. (Zoetis)
- DNA MY DOG (Canadian Dog Group Ltd.)
- Dognomics (Clinomics)
- Embark Veterinary, Inc.
- FidoCure (OHC)
- GenSolDiagnostics, LLC
- Neogen Corporation
- Orivet Genetic Pet Care Ltd.
- Wisdom Panel (Mars, Inc.)
Pet DNA Testing Industry News:
- In September 2023, Ancestry, a global leader in consumer DNA testing and family history, introduced Know Your Pet DNA its first product offering—a dog DNA test. This helped the company to enhance their product portfolio and generate revenue.
- In October 2021, Embark Veterinary, Inc., a leading company in canine genetics, announced the launch of its DNA test tailored for purebred dogs. This strategic launch helped the company to diversify its product offerings enhancing their competitive edge against other companies in the industry.
The pet DNA testing market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segment
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Market, By Pet Type
- Dogs
- Cats
- Horses
Market, By Testing Type
- Genetic diseases
- Breed identification
- Trait analysis
Market, By Sample Type
- Mouth swab
- Blood sample
- Hair sample
Market, By End-user
- Veterinarians
- Pet owners
- Breeders
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
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[meta_keyword] => [mata_desc] => [meta_image] => [meta_title] => ) [2] => Array ( [report_id] => 1915 [cat_id] => 12 [sub_cat_id] => 25 [year] => 2024 [report_title] => Veterinary Endotracheal Tubes Market – By Product Type (Cuffed, Uncuffed), Animal Type (Dogs, Cats), Material (Polyvinyl Chloride, Rubber, Silicone), Application (Surgery, General Anesthesia), End-use (Hospitals & Clinics), Global Forecast 2024 – 2032 [date] => 2024-07-28 [topic] => Veterinary Endotracheal Tubes Market – By Product Type (Cuffed, Uncuffed), Animal Type (Dogs, Cats), Material (Polyvinyl Chloride, Rubber, Silicone), Application (Surgery, General Anesthesia), End-use (Hospitals & Clinics), Global Forecast 2024 – 2032 [industry] => Animal Health and Nutrition [url_keyword] => Veterinary Endotracheal Tubes Market [publisher] => MIR [delivary_report] => PDF&Excel [geography] => Global [pages_no] => 240 [single_user_price] => 2890 [site_license_price] => 4335 [enterprisewide_price] => 5780 [summary] =>Veterinary Endotracheal Tubes Market Size
Veterinary Endotracheal Tubes Market size reached a valuation of USD 8.8 million in 2023, with a projected CAGR of 7.2% from 2024 and 2032. The market's growth is primarily driven by a surge in pet ownership, leading to increased spending on pet healthcare. This, coupled with a rising prevalence of respiratory diseases, is driving the demand for veterinary endotracheal tubes.
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For example, a report from the American Veterinary Medical Association highlighted that over 200 dogs in the U.S. were affected by a mysterious respiratory illness, some cases progressing to pneumonia, and showing resistance to antibiotics. Consequently, the uptick in respiratory ailments like laryngeal paralysis, tracheal collapse, and brachycephalic airway syndrome in pets is bolstering the need for endotracheal tubes for airway management during treatment, further propelling market growth.
Veterinary endotracheal tubes are crucial medical devices in veterinary practice, ensuring animals have a secure airway during surgeries, anesthesia, or critical care. These tubes are inserted into the trachea through the mouth or nose, safeguarding the animal's breathing, especially in compromised or anesthetized states.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Veterinary Endotracheal Tubes Market Size in 2023: | USD 8.8 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.2% |
| 2032 Value Projection: | USD 16.3 Million |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 326 |
| Segments covered: | Product Type, Animal Type, Material, Application, End-use, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
What are the growth opportunities in this market?
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Veterinary Endotracheal Tubes Market Trends
Advancements in veterinary medical devices and surgical procedures are bolstering treatment efficacy and safety. Innovations in endotracheal tube materials and designs are directly improving patient outcomes, spurring their adoption. Notably, market players are strategically launching technologically advanced veterinary endotracheal tubes, a move set to further boost market growth.
- In 2023, Jorgensen Laboratories unveiled a new line of veterinary endotracheal tubes. These tubes, equipped with high-volume, low-pressure cuffs, are meticulously crafted to minimize tracheal trauma and enhance sealing, thus reducing the risk of aspiration. This strategic move significantly broadened the company's product portfolio.
- With a surge in technological advancements in veterinary endotracheal tubes and a concurrent rise in respiratory diseases among animals, the market is poised for substantial growth.
Veterinary Endotracheal Tubes Market Analysis
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Based on the product type, the market is classified into cuffed and uncuffed. The uncuffed segment dominated the market with revenue of USD 5 million in 2023.
- Smaller animals, like cats and small dogs, prefer uncuffed tubes. These tubes not only lower the risk of tracheal injury but also make it easier to size them correctly for these patients.
- Additionally, the simplicity of inserting and positioning these tubes reduces intubation time. This not only minimizes stress on the animal and the veterinary practitioner but also fuels market growth.
- Continual advancements in design and materials of uncuffed tubes bolster their safety, efficacy, and user-friendliness, further propelling their adoption rates.
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Based on the animal type, the global veterinary endotracheal tubes market is classified into dogs, cats, and other animal types. The dogs segment dominated the market with market share of 65.1% in 2023.
- Higher incidence of respiratory conditions and diseases in dogs necessitates the use of endotracheal tubes to improve companion animal healthcare for airway management.
- Moreover, increase in surgical interventions for various conditions, including dental procedures, soft tissue repair surgeries, and emergency surgeries, drives the demand for endotracheal tubes, thereby driving the growth of the market.
- Furthermore, the growing number of veterinary clinics and hospitals equipped with modern medical devices and the availability of endotracheal tubes specifically designed for canine animals to cater the anatomical and physiological differences in this species, improving the success rate of procedures, thereby fueling the market growth.
Based on material, the veterinary endotracheal tubes market is classified into polyvinyl chloride, silicone, rubber, and other materials. The silicone segment is expected to reach USD 7.6 million by 2032.
- Silicone tubes dominate the veterinary endotracheal tube sector, primarily due to their superior durability compared to PVC and red rubber alternatives. Notably, silicone's flexibility outshines PVC's rigidity, with silicone tubes easily conforming to the trachea, unlike pre-curved PVC counterparts. These advantages position silicone as the frontrunner, driving growth in this segment.
- Furthermore, silicone's impermeable nature deters bacterial growth, lowering infection risks and solidifying its preference among veterinarians.
- Advancements in silicone molding and manufacturing have ushered in more advanced endotracheal tube designs. This progress, coupled with the ability to customize silicone tubes in size and shape for different animal species, further propels growth in the veterinary endotracheal tube market.
Based on the application, the global veterinary endotracheal tubes market is classified into surgery, general anaesthesia, and other applications. The surgery segment dominated the market with market share of 61.3% in 2023.
- With the increase in the number of surgical procedures the need for specialized equipment like endotracheal tubes increases. Surgeons require reliable tools to ensure safe anaesthesia and intubation, thereby contributing to the growth of this segment.
- Moreover, increased awareness among pet owners about the benefits of veterinary surgeries and availability of advanced veterinary anaesthesia equipment and endotracheal tubes, thereby contributing to the growth of the market.
- Furthermore, expansion in veterinary healthcare facilities, including specialized hospitals and clinics, supports the demand for advanced surgical equipment and accessories like endotracheal tubes, thereby driving the growth of the market.
Based on end-use, the veterinary endotracheal tubes market is classified into veterinary hospitals & clinics and academic & research institutes. The veterinary hospitals & clinics segment is expected to exhibit 7.5% CAGR between 2024 - 2032.
- Veterinary hospitals and clinics often have specialized departments and expertise in different areas of veterinary care, attracting cases that require specialized equipment such as endotracheal tubes for surgeries.
- Moreover, rise in investments in modernizing and expanding veterinary healthcare infrastructure, including hospitals and clinics, enhance their capacity to handle more cases requiring advanced equipment like endotracheal tubes, thereby driving the growth of the market.
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In 2023, North America claimed a commanding 44.6% share of the global veterinary endotracheal tubes market, a trend set to persist in the coming years.
- Pet ownership in North America has surged, with more households embracing pets as integral family members. This shift has bolstered the demand for veterinary services, including the use of endotracheal tubes in surgeries and critical care, thereby driving market growth.
- Key market players, coupled with advancements in veterinary medicine, have spearheaded the development of more advanced endotracheal tubes. Innovations, such as enhanced materials, designs, and safety features, are amplifying their adoption rates, further propelling market growth.
- Additionally, North America's economic stability empowers pet owners to allocate more resources to pet healthcare, including surgical procedures that necessitate endotracheal tubes, thus fueling market expansion.
The U.S. veterinary endotracheal tubes market is poised to grow at a 7.2% CAGR from 2024 to 2032.
- Increasingly, pet owners are turning to pet insurance policies. With these policies covering veterinary procedures, owners are more inclined to opt for advanced treatments, often requiring endotracheal tubes.
- Regulatory bodies, notably the FDA, are stringent in enforcing quality standards for veterinary medical devices. This assurance of quality not only instills trust among veterinarians and pet owners but also acts as a catalyst for market growth.
Germany is set to witness the highest growth rate in the European market.
- Technological advancements in Germany's veterinary field have paved the way for more sophisticated medical devices, including endotracheal tubes.
- Moreover, there's a noticeable trend towards better-equipped veterinary facilities, offering advanced surgical and emergency care, thus heightening the demand for top-tier endotracheal tubes.
- Germany's stringent regulations on veterinary medical devices, ensuring both safety and efficacy, are poised to drive the demand for compliant endotracheal tubes, further fostering market growth.
The Asia Pacific veterinary endotracheal tubes market is anticipated to witness a robust CAGR of 7.6% in the coming years.
- Urbanization and evolving lifestyles in countries like China, India, and Japan have spurred pet ownership. This surge in pet numbers is directly translating into an increased demand for veterinary services, including endotracheal tubes, during surgeries and other procedures.
- Furthermore, the modernization of veterinary facilities across the region is bolstering the adoption of advanced medical devices, like endotracheal tubes, thereby contributing to market growth.
- With a rise in respiratory ailments among pets and livestock, the need for endotracheal tubes for treatment and management has become paramount. Additionally, a heightened awareness of zoonotic diseases is driving more stringent veterinary care practices, further propelling the demand for advanced medical devices, including endotracheal tubes.
Veterinary Endotracheal Tubes Market Share
In the market, key players engage in fierce competition, each vying to bolster their market share. Dominant firms strategically pursue mergers, acquisitions, and partnerships to solidify their standing. Their primary goals include enriching services, broadening geographical coverage, and embracing cutting-edge technologies. Moreover, the market sees a steady influx of new entrants, heightening the competitive milieu.
Veterinary Endotracheal Tubes Market Companies
Prominent players operating in the veterinary endotracheal tubes industry are as mentioned below:
- B. Braun Melsungen AG (B. Braun Vet Care)
- Conduct Science
- Harvard Apparatus
- Intriquip Instruments, Inc.
- Jorgensen Laboratories
- Medtronic Plc
- RWD Life Science Co, Ltd.
- Supera Anesthesia Innovations
- Vetamac, Inc,
- Vetland Medical Sales & Services, LLC
Veterinary Endotracheal Tubes Industry News:
- In November 2022, Medtronic Plc announced the launch of Shiley veterinary endotracheal tubes. These tubes are known for their reinforced construction to prevent collapse during use. The Shiley line offers both cuffed and uncuffed versions to cater to different veterinary needs. This helped the company expand its product offerings.
The veterinary endotracheal tubes market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
Click here to Buy Section of this Report
Market, By Product Type
- Cuffed
- Uncuffed
Market, By Animal Type
- Cats
- Dogs
- Other animals
Market, By Material
- Polyvinyl Chloride (PVC)
- Silicone
- Rubber
- Other materials
Market, By Application
- Surgery
- General Anaesthesia
- Other applications
Market, By End-use
- Veterinary hospitals & clinics
- Academic & research institutes
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- South Africa
- Saudia Arabia
- UAE
- Rest of Middle East and Africa
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Will be Available in the sample /Final Report. Please ask our sales Team.
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[meta_keyword] => [mata_desc] => [meta_image] => [meta_title] => ) [3] => Array ( [report_id] => 1916 [cat_id] => 12 [sub_cat_id] => 25 [year] => 2024 [report_title] => Pet Fitness Care Market - By Component (Services [Physio Assessments, Agility & Gym Sessions, Aquatic Sessions, Outdoor Fitness Exercises, Yoga Classes], Equipment [Treadmills & Treadwheels, Pet Agility], Software), Pet Type, Global Forecast 2024 – 2032 [date] => 2024-07-28 [topic] => Pet Fitness Care Market - By Component (Services [Physio Assessments, Agility & Gym Sessions, Aquatic Sessions, Outdoor Fitness Exercises, Yoga Classes], Equipment [Treadmills & Treadwheels, Pet Agility], Software), Pet Type, Global Forecast 2024 – 2032 [industry] => Animal Health and Nutrition [url_keyword] => Pet Fitness Care Market [publisher] => MIR [delivary_report] => PDF&Excel [geography] => Global [pages_no] => 240 [single_user_price] => 2890 [site_license_price] => 4335 [enterprisewide_price] => 5780 [summary] =>Pet Fitness Care Market Size
Pet Fitness Care Market size was valued at around USD 6 billion in 2023 and is estimated to grow at 6.4% CAGR from 2024 to 2032. The market is witnessing robust growth, fueled by a confluence of factors: a surge in pet ownership, technological strides, and a heightened awareness among owners about their pets' health.
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Primarily, the uptick in pet ownership, notably among millennials and Gen Z, is propelling market growth, given these groups' propensity to invest in their pets' well-being. Moreover, the trend of humanizing pets, viewing them as integral family members, is further bolstering expenditure on their care.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Pet Fitness Care Market Size in 2023: | USD 6 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 6.4% |
| 2032 Value Projection: | USD 10.4 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 155 |
| Tables, Charts & Figures: | 274 |
| Segments covered: | Component, Pet Type, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
What are the growth opportunities in this market?
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Moreover, a heightened emphasis on preventive pet health and wellness is gaining traction. Pet owners are increasingly recognizing the role of physical activity in staving off obesity, joint ailments, and other health issues. Consequently, there's a rising appetite for fitness care products and services. Additionally, technological innovations are reshaping the landscape. From pet fitness trackers to smart collars and health apps, these advancements empower owners to track their pets' activities, health metrics, and behaviors. By offering tailored insights and fitness plans, these technologies simplify pet health management for owners. With this momentum, the pet fitness care market is poised for continued growth, driving a surge in demand for products and services that cater to the evolving needs of both owners and their beloved pets.
The market encompasses an array of offerings, all geared towards enhancing pets' physical health and overall well-being. This includes pet exercise gear, fitness trackers, health apps, pet-centric gyms, specialized nutrition, and a suite of veterinary services, spanning from consultations to physical therapy.
Pet Fitness Care Market Trends
- With the rising number of pet owners, there's a parallel surge in the demand for top-tier care, encompassing fitness and wellness services for their beloved animals.
- Between 2014 and 2019, pet ownership in the U.S. surged by 113%, as reported by the American Pet Products Association (APPA). Looking ahead to 2024, experts predict that China will surpass all nations in pet population.
- Viewing their pets as integral family members, owners are increasingly investing in premium products and services to ensure their pets' holistic well-being. This shift is propelling the demand for services such as pet exercise and physical therapy, nutrition and weight management, wellness and spa treatments, and mental health and behavioral services.
- Given this trend, the market is poised for remarkable growth. Pet owners are turning to professional services to enhance their pets' longevity, health, and overall happiness.
Pet Fitness Care Market Analysis
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Based on component, the market is divided into services, equipment, and software. The services segment is expected to reach USD 6.7 billion by 2032. The services segment is further sub segmented into physio assessments, agility & gym sessions, aquatic sessions, outdoor fitness exercises, yoga classes, and other services.
- Pet owners increasingly recognize the significance of regular exercise in maintaining their pets' health. Consequently, they are increasingly inclined to invest in services that offer structured and secure environments for their pets' physical activity.
- Moreover, with the surge in urban living, the scarcity of open spaces for pets to exercise has made professional fitness services an appealing choice to ensure pets' physical well-being. These factors, as mentioned, play a pivotal role in propelling the growth of this segment.
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Based on pet type, the pet fitness care market is bifurcated into dogs, cats and other pets. The dogs segment dominated the market and accounted for USD 3.7 billion in 2023.
- Dogs, by nature, demand higher physical activity levels than many other pets, positioning them as ideal candidates for fitness-related products and services. Furthermore, dog owners are increasingly realizing the significance of regular exercise in combating obesity and its associated health risks, such as joint ailments and cardiovascular conditions.
- This heightened awareness has fueled a surge in demand for fitness solutions tailored for dogs. These solutions range from exercise equipment and wearable fitness trackers to health monitoring apps, all designed to meet the unique exercise requirements of dogs and ensure their continued activity and well-being. Consequently, these dynamics are pivotal in propelling growth within this sector.
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In 2023, the North America pet fitness care market was valued at USD 2.5 billion and is projected to grow at a CAGR of 6.2% from 2024 to 2032.
- The Association for Pet Obesity Preservation reports that pet obesity is a pressing issue in North America, with approximately 59% of cats and 54% of dogs classified as overweight or obese. As pet owners increasingly recognize the health risks associated with pet obesity, they are turning to pet fitness care services to help their pets achieve a healthy weight and enhance their overall well-being.
- The surge in popularity of pet wearables, including fitness trackers and smart collars, empowers pet owners to track their pets' activity levels, sleep patterns, and other health indicators. This uptick in pet technology adoption is fueling the demand for pet fitness care services that can assist owners in interpreting and acting upon the collected data.
- Given these dynamics, the North America market is set for substantial growth in the years ahead.
The U.S. pet fitness care market is forecasted to reach USD 3.9 billion by 2032.
- With the proliferation of pet gyms, wellness centers, and professional fitness services, pet owners in the U.S. now have convenient options to safeguard their pets' health, thereby bolstering market expansion.
- These facilities not only provide specialized equipment but also tailor exercise programs to meet individual pet needs, making it easier for owners to ensure their pets remain active and healthy. The blend of convenience and expertise offered by these centers is driving the escalating demand for pet fitness care solutions.
The UK's pet fitness care market is on track for significant growth from 2024 to 2032.
- The UK government's proactive stance on pet health, exemplified by initiatives like the Animal and Plant Health Agency's "Pet Health" campaign, is heightening awareness. This, in turn, is spurring demand for pet fitness care services, aligning with the goal of helping pets lead longer, healthier lives.
Japan's pet fitness care market is poised for substantial growth in the upcoming years.
- Japan's cultural shift towards viewing pets as integral family members has been a pivotal driver of the market's growth. With pets assuming a more prominent role in households, owners are increasingly investing in their pets' well-being. This cultural shift, coupled with Japan's penchant for innovation and technology, has led to the rise of sophisticated pet fitness gadgets and health monitoring systems.
- Furthermore, Japan's aging demographic has resulted in many older adults finding companionship in pets. As a result, prioritizing these pets' health has become paramount, further fueling the market's growth.
Pet Fitness Care Market Share
The pet fitness care sector is marked by fierce competition, where major global corporations and smaller to medium-sized enterprises compete vigorously for market leadership. A pivotal element of market strategy involves the continual introduction of innovative products leveraging diverse technologies. Leading industry players drive innovation through substantial investments in research and development. Additionally, strategic partnerships, acquisitions, and mergers are pivotal in fortifying market positions and expanding global reach.
Pet Fitness Care Market Companies
Some of the eminent market participants operating in the pet fitness care industry include:
- Agility by Carlson
- dogPACER (International Pet Group)
- FitBark
- FitPaws
- Frolick Dogs
- GoPet, LLC
- Gyms For Dogs
- Kathy Santo Dog Training
- Pet Yoga
- Splash Canine Swim Club
- Tractive
- Whistle Labs, Inc.
- Woozelbears
Pet Fitness Care Industry News:
- In April 2024, FitPaws launched the FitPaws Trax Peanut Dog Training Platform in various sizes. This inflatable stability trainer is designed to promote proper form and alignment for dogs of any age, size, or breed. This strategic launch helped the company to enhance their customer base.
- In January 2020, Whistle Labs, announced a new product geared specifically towards pet health and fitness – Whistle FIT. Whistle FIT serves as a preventative healthcare tool and utilizes its wellness program for dogs. It provides customers with a simple and fully personalized experience to manage pet care through monitoring of a pet's key health behaviors, food intake management, and activity. This launch has diversified the revenue streams of the company and has helped the company to gain competitive advantage.
The pet fitness care market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
Click here to Buy Section of this Report
Market, By Component
- Services
- Physio assessments
- Agility & gym sessions
- Aquatic sessions
- Outdoor fitness exercises
- Yoga classes
- Other services
- Equipment
- Treadmills & treadwheels
- Pet agility equipment
- Balance training products
- Other exercise equipment
- Software
Market, By Pet Type
- Dogs
- Cats
- Other pets
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East and Africa
[table_contents] =>
Will be Available in the sample /Final Report. Please ask our sales Team.
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[meta_keyword] => [mata_desc] => [meta_image] => [meta_title] => ) [4] => Array ( [report_id] => 1917 [cat_id] => 12 [sub_cat_id] => 25 [year] => 2024 [report_title] => Veterinary Infusion Pumps Market – By Product (Syringe, Volumetric, Ambulatory, Implantable), Animal type (Companion, Livestock), Mode of Administration (Continuous, Intermittent), Application (Clinical, Research), End-use, Global Forecast 2024 – 2032 [date] => 2024-07-28 [topic] => Veterinary Infusion Pumps Market – By Product (Syringe, Volumetric, Ambulatory, Implantable), Animal type (Companion, Livestock), Mode of Administration (Continuous, Intermittent), Application (Clinical, Research), End-use, Global Forecast 2024 – 2032 [industry] => Animal Health and Nutrition [url_keyword] => Veterinary Infusion Pumps Market [publisher] => MIR [delivary_report] => PDF&Excel [geography] => Global [pages_no] => 240 [single_user_price] => 2890 [site_license_price] => 4335 [enterprisewide_price] => 5780 [summary] =>Veterinary Infusion Pumps Market Size
Veterinary Infusion Pumps Market size was valued at USD 384.7 million in 2023 growing at a CAGR of 7.2% between 2024 and 2032. The key factors that drive the growth of the market include an upsurge in pet ownership with increasing spending on pet healthcare coupled with favorable insurance policies which is anticipated to boost veterinary infusion pumps demand.
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For instance, National Pet Owners Survey conducted by the American Pet Products Association (APPA) 2023-2024 estimated that 66% of U.S. households, or about 86.9 million families, own a pet. Also, the pet industry expenditures in the U.S. totalled USD 147 billion in 2023, up 7.5 percent from USD 136.8 billion in 2022. Thus, the increase in the number of companion animals globally leads to an increasing incidence of chronic diseases such as cancer, diabetes, and kidney disorders in pets necessitates the use of infusion pumps for long-term treatment and fluid management, thereby anticipated to foster the growth of the market.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Veterinary Infusion Pumps Market Size in 2023: | USD 384.7 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 7.2% |
| 2032 Value Projection: | USD 714.5 Million |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 243 |
| Tables, Charts & Figures: | 392 |
| Segments covered: | Product, Animal Type, Mode of Administration, Application, End-use, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
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Veterinary infusion pumps are medical devices designed specifically for administering fluids, medications, and nutrients directly into the bloodstream of animals in a controlled and precise manner. The pumps are used in intensive care and anaesthesia. These pumps are used in various veterinary settings including clinics, hospitals, and research facilities, to ensure accurate and consistent delivery of substances over time.
Veterinary Infusion Pumps Market Trends
The continuous ongoing innovations in veterinary medical devices including infusion pumps have improved the efficiency, safety, and ease of use. The recent strategies adopted by key market players such as launch of technologically advanced veterinary infusion pumps is expected to contribute to the growth of the market. For instance, in May 2022 Hawkmed launched a new TOUCH-SCREEN veterinary infusion pump-HK-T100VET. This helped the company expand its product offerings. The modern infusion pumps offer precise control of fluid delivery, which is crucial for treating various medical conditions in animals. Thus, the growing trend of pet humanization, and rise in the adoption of advanced veterinary treatments and procedures that require the use of infusion pumps, such as chemotherapy, pain management, and critical care is anticipated to propel the growth of the market.
Veterinary Infusion Pumps Market Analysis
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Based on the product, the market is classified into syringe infusion pumps, volumetric infusion pumps, ambulatory infusion pumps, and implantable infusion pumps. The volumetric infusion pumps segment dominated the market with revenue of USD 174.4 million in 2023.
- Volumetric infusion pumps offer precise control over the infusion rate and volume, which is critical for accurate drug delivery. Modern pumps come with advanced features such as programmable settings, alarms, and automated operation, making them more appealing to veterinary professionals.
- Moreover, the growing number of veterinary clinics and hospitals equipped with advanced medical infrastructure and the availability and accessibility of advanced devices in more veterinary practices boosts the demand for volumetric infusion pumps, thereby contributing to the market growth.
- Furthermore, the long-term cost-effectiveness of volumetric infusion pumps, due to their durability and efficiency makes them a preferred choice for veterinary practice.
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Based on the animal type, the global veterinary infusion pumps market is classified into companion animals, livestock animals, and other animal types. The companion animals segment dominated the market with market share of 68.3% in 2023.
- There has been a significant rise in pet ownership globally driven by factors such as increased disposable income, changing lifestyles, and the growing perception of pets as family members. This enabled a growing focus on preventive veterinary care for companion animal healthcare to avoid serious health issues, which involves the use of infusion pumps for administering medications and nutrients.
- Furthermore, the growing number of veterinary clinics and hospitals equipped with modern medical devices and increasing specialization among veterinarians in various fields such as oncology, neurology, and internal medicine necessitates the use of infusion pumps for specific treatments, thereby fueling market growth.
Based on mode of administration, the veterinary infusion pumps market is classified into continuous infusion and intermittent infusion. The continuous infusion segment is expected to reach USD 456 million by 2032.
- Continuous infusion is often used for effective pain management in pets particularly those suffering from conditions such as arthritis or recovering from surgery, thus boosting the segmental growth. Also, continuous pain relief improves the quality for pets, making continuous infusion a preferred choice among veterinarians and pet owners.
- Furthermore, the widespread use of continuous infusion pumps in postoperative care to provide consistent medication delivery, enhancing recovery outcome. Thus, aforementioned factors will supplement the growth of the market.
Based on the application, the global veterinary infusion pumps market is classified into clinical and research. The clinical segment dominated the market in 2023 with growing at 7.5% CAGR during the analysis period.
- Animals with chronic conditions often need long-term care, which includes regular infusions of medications, fluids, veterinary pain management devices, and nutrients.
- Also, increased awareness about animal health through campaigns and educational programs encourages pet owners to seek advanced medical treatments.
- Therefore, owing to such awareness, more pet owners are opting for preventive care measures, which often involve the use of infusion pumps for administering nutrients, and other preventive treatments, thereby driving the growth of the market.
Based on end-use, the veterinary infusion pumps market is classified into veterinary hospitals & clinics, homecare settings, academic & research institutes, and other end-users. The veterinary hospitals & clinics segment is expected to reach USD 309.4 million by 2032.
- The expansion of veterinary hospitals and clinics, especially in emerging markets, supports the growth of the segment. More facilities are being equipped with advanced medical devices to cater to the increasing pet population and their healthcare needs. Furthermore, collaborations between veterinary hospitals, clinics, and infusion pump manufacturers help in the development of customized solutions and enhance the distribution and adoption of infusion pumps, thereby accelerating the segmental growth.
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In 2023, North America secured a substantial market share of 42.2% in the global veterinary infusion pumps market and is expected to dominate throughout the forecast period.
- The rising number of pet owners in North America is a significant driver. With more households having pets, the demand for veterinary services including infusion pumps is expected to increase.
- Also, the growing penetration of pet insurance in the U.S. has made advanced veterinary treatments more affordable for pet owners. This has contributed to the increased use of veterinary infusion pumps for treating insured pets.
- Further, the use of infusion pumps is not limited to companion animals but extends to livestock animals used in agriculture. The focus on maintaining the health of livestock to ensure productivity has driven the adoption of infusion pumps in veterinary practices, thereby boosting the growth of the market.
The Asia Pacific veterinary infusion pumps market is expected to grow with a significant CAGR of 7.6% during the forecast period.
- There is a growing awareness about pet health and wellness among pet owners in the Asia-Pacific region. This has led to increased expenditure on veterinary healthcare, including advanced treatments that require the use of infusion pumps. Also, the expansion of veterinary clinics and hospitals particularly in urban areas, supports the growth of the market. Thus, improved access to veterinary care facilities enhances the availability and adoption of advanced medical devices, thereby supplementing the regional market growth.
Veterinary Infusion Pumps Market Share
The veterinary infusion pumps industry is characterized by intense competition among key players aiming to expand their market presence. Leading companies are focusing on strategic initiatives such as mergers, acquisitions, and partnerships to strengthen their market position. These efforts are aimed at enhancing their product offerings, expanding their geographic reach, and investing in advanced technologies.
Veterinary Infusion Pumps Market Companies
Prominent players operating in the market are as mentioned below:
- Baxter International Inc.
- B. Braun Melsungen AG
- Burtons Medical Equipment Ltd.
- DRE Veterinary
- DURECT Corporation
- Eitan Medical
- Grady Medical Systems, Inc.
- Heska Corporation
- Instech Laboratories Inc.
- Jorgensen Laboratories
- Millpledge Veterinary
- SAI infusion technologies
- Shenzhen Mindray Animal Medical Technology Co
- Smith & Nephew Plc
Veterinary Infusion Pumps Industry News:
- In June 2023, Mars, Incorporated announced the acquisition of Heska. Heska is now part of Mars Petcare’s Science & Diagnostics division including infusion pumps product, enabling broader coverage across diagnostics and technology, while accelerating R&D and expanding access globally to pet healthcare solutions. This helped Mars Inc, expand its product offerings.
The veterinary infusion pumps market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
Click here to Buy Section of this Report
Market, By Product
- Syringe infusion pumps
- Volumetric infusion pumps
- Ambulatory infusion pumps
- Implantable infusion pumps
Market, By Animal Type
- Companion animals
- Livestock animals
- Other animal types
Market, By Mode of Administration
- Continuous infusion
- Intermittent infusion
Market, By Application
- Clinical
- Fluid therapy
- Anaesthesia
- Pain management
- Medication
- Other applications
- Research
Market, By End-use
- Veterinary hospitals & clinics
- Homecare settings
- Academic & research institutes
- Other end-users
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- South Africa
- Saudia Arabia
- UAE
- Rest of Middle East and Africa
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[meta_keyword] => [mata_desc] => [meta_image] => [meta_title] => ) [5] => Array ( [report_id] => 1918 [cat_id] => 12 [sub_cat_id] => 25 [year] => 2024 [report_title] => Veterinary CRO and CDMO Market – By Animal Type (Companion, Livestock), Service Type (CRO, [Clinical Trials, Quality Assurance], CDMO [Manufacturing, Development, Packaging & Labelling]), Product (Drugs, Biologics) – Global Forecast 2024 – 2032 [date] => 2024-07-28 [topic] => Veterinary CRO and CDMO Market – By Animal Type (Companion, Livestock), Service Type (CRO, [Clinical Trials, Quality Assurance], CDMO [Manufacturing, Development, Packaging & Labelling]), Product (Drugs, Biologics) – Global Forecast 2024 – 2032 [industry] => Animal Health and Nutrition [url_keyword] => Veterinary CRO and CDMO Market [publisher] => MIR [delivary_report] => PDF&Excel [geography] => Global [pages_no] => 240 [single_user_price] => 2890 [site_license_price] => 4335 [enterprisewide_price] => 5780 [summary] =>Veterinary CRO and CDMO Market Size
Veterinary CRO and CDMO Market size was valued at USD 6.2 billion in 2023 and is estimated to grow at 8.7% CAGR from 2024 to 2032. The market has seen substantial growth due to the increasing prevalence of diseases in animals such as cancer and zoonotic infections. This has led to an increased need for advanced veterinary pharmaceuticals and biologics.
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Also, the increased focus on pet healthcare and the rising livestock population are further driving the demand for innovative treatments. This need for advanced therapies has intensified research and development activities to expedite drug development. Therefore, pharmaceutical and biotechnology companies are increasingly relying on specialized CROs and CDMOs to leverage their expertise, accelerate development timelines, ensure regulatory compliance, and efficiently bring high-quality animal health products to market. Thus, widespread adoption of CRO and CDMO services will spur the market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Veterinary CRO and CDMO Market Size in 2023: | USD 6.2 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 8.7% |
| 2032 Value Projection: | USD 13 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 130 |
| Tables, Charts & Figures: | 304 |
| Segments covered: | Animal Type, Service Type, Product, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
What are the growth opportunities in this market?
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Veterinary CROs & CDMOs are specialized service providers in the animal healthcare industry. Veterinary CROs offer research, development, and regulatory services for drugs, and biologics intended for animals. They conduct preclinical and clinical trials, manage regulatory submissions, and provide expertise in veterinary drug development. Whereas, veterinary CDMOs focus on the manufacturing and production of veterinary drugs and biologics, offering services from small-scale production to large-scale commercial manufacturing.
Veterinary CRO and CDMO Market Trends
Pharmaceutical and biotechnology companies are outsourcing to CROs and CDMOs to utilize their specialized expertise, ensuring higher quality and more efficient production of new animal health products. This trend is driven by increased R&D spending in the veterinary sector which boosts the demand for advanced veterinary drugs and biologics.
- For instance, in May 2022, Argenta Limited, a global CRO and CDMO focused on animal health, along with NovaQuest Capital Management, announced a USD 30 million product financing agreement to develop several innovative veterinary pharmaceuticals. This investment aimed to expand the research capabilities in the animal health sector.
Moreover, the growing animal healthcare expenditure, rising incidence of zoonotic infections, enhanced diagnostic technologies, growing government support, and strategic expansions by major players are few of the other factors that propel the market demand.
Veterinary CRO and CDMO Market Analysis
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Based on the animal type, the market is categorized as companion animals and livestock animals. The companion animal segment is set to lead the market, accounting for the largest revenue of USD 3.8 billion in 2023, anticipating its dominance throughout the forecast period.
- Companion animals such as dogs and cats are considered family members in many households which is driving the need for advanced companion animal drugs. For instance, in 2024, approximately 66% of U.S. households with around 86.9 million are reported to own pets. Similarly, according to data from the UK Pet Food Manufacturers Association, an estimated 13.5 million dogs and 12.5 million cats are kept as pets. Thus, increasing pet ownership is expected to boost demand for new formulations.
- Therefore, CROs and CDMOs play a crucial role in supporting the development and manufacturing of innovative veterinary medicines and therapies to cater to the evolving needs of the companion animal market, which is a key driver of the overall veterinary outsourcing industry.
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Based on service type, the veterinary CRO and CDMO market is classified into CRO services and CDMO services. The CDMO services segment holds the largest market share of 85.5% in 2023.
- Pharmaceutical and biotechnology companies increasingly rely on specialized CDMOs to manage essential aspects of the veterinary drug lifecycle. They offer expertise, technical capabilities, and economies of scale, providing end-to-end solutions frm formulation development and manufacturing to commercial production and regulatory compliance. This allows veterinary companies to focus on core competencies, reduce costs, and bring products to market more efficiently.
- Moreover, the growing complexity of veterinary therapeutics and stringent regulations further drive demand for comprehensive CDMO services, making this segment dominant in the market.
Based on the product, the veterinary CRO and CDMO market is segmented into drugs, biologics, and medicated feed and supplements. The drugs segment is projected to reach USD 6.9 billion by end of 2032.
- The drugs segment dominance was asserted due to increasing demand for specialized services in drug development and manufacturing. Also, the increasing demand for innovative veterinary medicines to effectively address a variety of animal health issues is driven by advancements in biotechnology and the global growth of pet and livestock populations. Such aforementioned factor is expected to augment the segmental growth.
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U.S. dominated the North American veterinary CRO and CDMO market, accounting for USD 2.2 billion in 2023 and is anticipated to show considerable growth over the analysis period.
- This dominance is driven by high pet ownership rates, and significant investment in R&D. Also, high veterinary healthcare spending in the U.S. tends to further expand the market. For instance, according to the American Pet Products Association, in 2022, pet owners spent USD 31.5 billion on supplies, live animals, and medicine, and USD 35.9 billion on veterinary care and products. Thus, the increasing expenditure on veterinary care is driving the demand for effective treatment options.
- Furthermore, the country is known for significant investments in research and development, which promotes innovation and enhances the capabilities of veterinary services, thereby augmenting the country level market growth.
Germany exhibited a high growth potential in the European veterinary CRO and CDMO market.
- Germany holds prominence in the market owing to its advanced healthcare infrastructure and strong regulatory framework. The country's robust pharmaceutical industry and emphasis on research and development contribute significantly. For instance, Germany's biotechnology sector has been expanding, with increasing investments in veterinary medicine. This growth underscores Germany's pivotal role in providing high-quality CRO and CDMO services, catering to global demands for advanced animal health solutions efficiently.
The Asia Pacific veterinary CRO and CDMO market is poised for rapid growth with a CAGR of 9.1% during the forecast period.
- The region's large livestock industry especially in countries such as China, India, and Australia contribute to the growth of the market. The need for effective animal health solutions has increased the demand for outsourced R&D and manufacturing services.
- In addition, growing investment in veterinary healthcare coupled with advancements in biotechnology as well as growing focus on animal health are propelling the adoption of innovative treatments.
- Thus, these factors collectively position the Asia Pacific region poised to expand and explore opportunities in the market.
Veterinary CRO and CDMO Market Share
The market is characterized by a diverse range of providers offering specialized services in drug development, manufacturing, and regulatory support for veterinary pharmaceuticals. These companies compete based on their expertise in clinical trial management, formulation development, and adherence to global regulatory standards. Further, the key factors influencing competition include technological capabilities, geographic reach, regulatory expertise, and the ability to tailor services to meet the evolving needs of clients in the animal health sector.
Veterinary CRO and CDMO Market Companies
Few of the prominent players operating in the veterinary CRO and CDMO industry include:
- Argenta Holdco Ltd.
- Clinvet
- Eva Pharma
- Huvepharma
- IDEXX Laboratories, Inc.
- KLIFOVET GmbH
- löhlein and wolf vet research
- Mercurio HoldCo Ltd.
- Moredun Foundation
- Syngene International Ltd.
- Tekro Ltd.
- Triveritas
- Uniivo
- Vetio
Veterinary CRO and CDMO Industry News:
- In May 2024, EUROAPI entered into a CMO agreement with a global animal health company. Under this collaboration, EUROAPI will provide a key veterinary product to its client. This agreement aimed to enhance EUROAPI's presence in the CDMO sector, highlighting its expansion and capabilities in the veterinary pharmaceutical industry.
- In February 2024, GNT Pharma signed an agreement with Pfizer's contract manufacturing arm, Pfizer CentreOne, for the overseas production of its veterinary drug ‘GedaCure’, a chewable tablet for dogs with cognitive dysfunction syndrome (CDS). Pfizer CentreOne will provide CDMO services in countries including the U.S, and Europe where GNT Pharma has launched GedaCure. This collaboration strengthened GNT Pharma's global reach and production capabilities for its innovative veterinary drug.
The veterinary CRO and CDMO market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
Click here to Buy Section of this Report
Market, By Animal Type
- Companion animals
- Livestock animals
Market, By Service Type
- CRO services
- Clinical trials
- Toxicology
- Quality assurance
- Regulatory services
- Other CRO services
- CDMO services
- Manufacturing
- Development
- Packaging & labeling
- Market approval & post-marketing
- Other CDMO services
Market, By Product
- Drugs
- Biologics
- Medicated feed and supplements
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- The Netherlands
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East and Africa
[table_contents] =>
Will be Available in the sample /Final Report. Please ask our sales Team.
[list_tables_figures] =>Will be Available in the sample /Final Report. Please ask our sales Team.
[meta_keyword] => [mata_desc] => [meta_image] => [meta_title] => ) [6] => Array ( [report_id] => 1919 [cat_id] => 12 [sub_cat_id] => 25 [year] => 2024 [report_title] => Pet Sitting Services Market – By Service (In-home Pet Sitting Services, Drop-in Visits, Boarding Services, Daycare Services), Animal Type (Dogs, Cats), Global Forecast 2024 – 2032 [date] => 2024-07-28 [topic] => Pet Sitting Services Market – By Service (In-home Pet Sitting Services, Drop-in Visits, Boarding Services, Daycare Services), Animal Type (Dogs, Cats), Global Forecast 2024 – 2032 [industry] => Animal Health and Nutrition [url_keyword] => Pet Sitting Services Market [publisher] => MIR [delivary_report] => PDF&Excel [geography] => Global [pages_no] => 240 [single_user_price] => 2890 [site_license_price] => 4335 [enterprisewide_price] => 5780 [summary] =>Pet Sitting Services Market Size
Pet Sitting Services Market size was valued at USD 2.6 billion in 2023 and is set to register growth at 10.5% CAGR from 2024 to 2032. Increasing pet ownership rates worldwide have significantly expanded the potential customer base for pet sitting services. As more individuals adopt pets and prioritize their well-being, the demand for reliable and professional pet care services, including pet sitting services, has surged.
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Additionally, shifting lifestyles characterized by busier schedules and increased travel among pet owners have heightened the need for trusted caregivers to look after their pets in their absence, thereby increasing the demand for pet sitting services.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Pet Sitting Services Market Size in 2023: | USD 2.6 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 10.5% |
| 2032 Value Projection: | USD 6.3 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 85 |
| Tables, Charts & Figures: | 146 |
| Segments covered: | Service, Animal Type, & Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
What are the growth opportunities in this market?
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Furthermore, rising awareness about the benefits of personalized care and attention for pets, coupled with the availability of specialized pet sitting services catering to various needs such as overnight stays, medication administration, and exercise regimes, has further fueled market growth. Moreover, advancements in technology have facilitated convenient booking platforms and real-time updates, enhanced customer experience and contributing to the expansion of the pet sitting services market globally.
Pet sitting services involve caring for pets in their own homes or in a designated facility while their owners are away. These services typically include feeding, exercising, and providing companionship for pets, as well as basic grooming and administering medications if needed. Many pet sitters also offer additional services such as dog walking, overnight stays, or special care for pets with medical needs. Pet sitting can be a convenient alternative to boarding pets in a kennel, providing them with personalized attention in a familiar environment.
Pet Sitting Services Market Trends
- Increasing pet ownership trends globally have significantly propelled the growth of the market. For instance, as per the American Veterinary Medical Association, as of 2024, 66% of U.S. households (86.9 million homes) own a pet. The U.S. is the top country for both dog and cat ownership, with approximately 70 million domestic dogs and 74 million domestic cats.
- Thus, as more households’ welcome pets into their lives, the demand for reliable and professional pet care services, including pet sitting, has risen.
- Pet owners seek trustworthy caregivers who can provide personalized attention and ensure the well-being of their pets during their absence. This trend is particularly pronounced in urban areas where busy lifestyles often necessitate professional pet care solutions.
- Additionally, rising disposable income levels among consumers globally further propels market growth. With higher disposable incomes, pet owners are increasingly willing to spend on premium services that ensure the well-being and comfort of their pets. This financial capability allows pet owners to opt for professional pet sitting services during extended absences, thereby driving the market growth.
Pet Sitting Services Market Analysis
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Based on service, the market is segmented into in-home pet sitting, drop-in visits, boarding services, daycare services, and other services. The in-home pet sitting segment dominated the market in 2023 and accounted for USD 905.2 million.
- Pet owners increasingly prefer personalized care for their pets in familiar surroundings, minimizing stress and maintaining routines, which in turn drives demand for in-home pet sitting services.
- Additionally, the convenience and flexibility offered by in-home pet sitters appeal to busy pet owners who seek reliable and customized care solutions.
- Moreover, the rising awareness about pet health and well-being encourages pet owners to opt for services that provide individual attention and monitoring, further boosting the popularity of in-home pet sitting.
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Based on animal type, the pet sitting services market is segmented into dogs, cats, and other animals. The dogs segment dominated the market in 2023 with a market share of 54.5%.
- The high market share of dogs in the market is bolstered by the substantial population of pet dogs worldwide. With millions of households embracing dogs as integral family members, the need for reliable pet care services has escalated.
- For instance, in the U.S., 65.1 million households own at least one dog, making dogs the most popular pet. Dogs require regular care and attention, making pet sitting services essential for owners who need to be away for work or travel.
- As a result, dog-focused pet sitting services play a crucial role in meeting the evolving needs of dog owners, contributing significantly to the overall market dynamics.
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North America dominated the global pet sitting services market in 2023 with a revenue of USD 1.1 billion and is anticipated to reach USD 2.6 billion by 2032.
- North America commands a significant market share in the pet sitting services industry, driven by a combination of high pet ownership rates, increasing disposable incomes, and a cultural shift towards treating pets as family members.
- The region benefits from a robust network of professional pet sitters offering a range of services from pet boarding to in-home visits, catering to the growing demand for personalized and reliable pet care solutions.
- Factors such as busy lifestyles, pet owners' desire for quality care, and the availability of specialized services tailored to various pet needs further contribute to North America's dominance in this burgeoning market.
U.S. pet sitting services market is anticipated to grow at a CAGR of 10.0% between 2024 - 2032.
- The U.S. holds a significant market share in the pet sitting services industry, driven by a robust culture of pet ownership and increasing demand for specialized care services.
- Moreover, the U.S. market benefits from a wide array of service providers offering in the country catering to the diverse needs of pet owners.
- Further, this sector's expansion is also supported by technological advancements, such as mobile apps connecting pet owners with reliable sitters, enhancing convenience and accessibility across urban and suburban areas alike.
Germany is anticipated to witness robust growth in the global pet sitting services market.
- Pet population in Germany is substantial, with 34.4 million pets in the country as of 2022. Cats are the most common pet, with 15.2 million cats living in German households. Dogs are the second most popular pet, with 10.6 million dogs in Germany. Small animals like rodents and birds make up the rest of the pet population, with 4.9 million small animals and 3.7 million ornamental birds.
- Suh high pet ownership rates have led to increased demand for reliable pet care solutions in the country, thereby boosting the market growth.
Asia Pacific region is anticipated to witness high growth in pet sitting services market, growing at a CAGR of 10.9% over the analysis years.
- Increasing urbanization and changing lifestyles have led to rising pet ownership across countries like China, Japan, and India.
- As pet owners prioritize their pets' well-being and seek reliable care solutions during work hours or travel, the demand for professional pet sitting services has surged.
- Moreover, the region's expanding middle class, coupled with higher disposable incomes, supports the affordability of such services. Furthermore, a growing awareness of the benefits of professional pet care, including personalized attention and specialized services, contributes to the market's rapid expansion.
Pet Sitting Services Market Share
The competitive landscape in the market is characterized by a diverse range of players offering various services to cater to pet owners' needs. Established companies often differentiate themselves through their service offerings, such as in-home pet sitting, dog walking, overnight stays, and specialized care for different types of pets. These companies also focus on building trust and reliability through background-checked sitters, real-time updates for pet owners, and personalized care plans. Overall, competition fosters continuous improvement in service quality, technology integration, and customer satisfaction within the pet sitting industry.
Pet Sitting Services Market Companies
Prominent players operating in the pet sitting services industry include:
- A Place for Rover, Inc.
- CareGuide Inc.
- DogVacay
- Fetch! Pet Care
- Holidog.com
- Pawshake Inc.
- PetCloud Pty Ltd.
- PetBacker
- Swifto Inc.
- The Pet Nest
- Wag! Group Co.
Pet Sitting Services Industry News:
- In November 2023, Dogtopia Enterprises opened its 250th dog daycare center, surpassing 500 overall signed franchise agreements in the U.S. This helped the company expand its services reach in the country.
The pet sitting services market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
Click here to Buy Section of this Report
Market, By Service
- In-home pet sitting
- Drop-in visits
- Boarding services
- Daycare services
- Other services
Market, By Animal Type
- Dogs
- Cats
- Other animals
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
[table_contents] =>
Will be Available in the sample /Final Report. Please ask our sales Team.
[list_tables_figures] =>Will be Available in the sample /Final Report. Please ask our sales Team.
[meta_keyword] => [mata_desc] => [meta_image] => [meta_title] => ) [7] => Array ( [report_id] => 1920 [cat_id] => 12 [sub_cat_id] => 25 [year] => 2024 [report_title] => Veterinary Video Endoscopes Market – By Product (Equipment, PACS Software), Animal Type (Small, Large), Application (Diagnostic, Surgical), Procedure (Abdominal /GI Tract, Respiratory, ENT, Urogential), End-user (Veterinary Hospitals, Clinics) – Global Forecast 2024 – 2032 [date] => 2024-07-28 [topic] => Veterinary Video Endoscopes Market – By Product (Equipment, PACS Software), Animal Type (Small, Large), Application (Diagnostic, Surgical), Procedure (Abdominal /GI Tract, Respiratory, ENT, Urogential), End-user (Veterinary Hospitals, Clinics) – Global Forecast 2024 – 2032 [industry] => Animal Health and Nutrition [url_keyword] => Veterinary Video Endoscopes Market [publisher] => MIR [delivary_report] => PDF&Excel [geography] => Global [pages_no] => 240 [single_user_price] => 2890 [site_license_price] => 4335 [enterprisewide_price] => 5780 [summary] =>Veterinary Video Endoscopes Market Size
Veterinary Video Endoscopes Market size was valued at USD 130.3 million in 2023 and is anticipated to witness growth at a CAGR of 7.8% from 2024 and 2032. The veterinary market is experiencing significant growth, driven primarily by increasing pet ownership globally, leading to higher demand for advanced veterinary care and diagnostic procedures.
Moreover, rising prevalence of gastrointestinal and respiratory diseases in animals has necessitated the use of endoscopic procedures for accurate diagnosis and effective treatment planning. For instance, as per the American Veterinary Medical Association, more than 10% of all new veterinary visits are related to gastrointestinal (GI) disease in dogs and cats. Additionally, growing awareness among pet owners regarding the benefits of early detection of diseases and the availability of specialized veterinary services have further bolstered the market for veterinary video endoscopes. These factors combined are fostering a favorable environment for market expansion, with ongoing innovations expected to continue driving growth in the foreseeable future.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Veterinary Video Endoscopes Market Size in 2023: | USD 130.3 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 7.8% |
| 2032 Value Projection: | USD 130.3 Million |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 190 |
| Tables, Charts & Figures: | 324 |
| Segments covered: | Product, Animal Type, Application, Procedure, End-user, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Veterinary video endoscopes are specialized medical devices used in veterinary medicine for minimally invasive diagnostic and therapeutic procedures. They consist of a flexible or rigid tube with a small camera and light source at the tip, allowing veterinarians to visualize and examine internal organs, cavities, and tissues of animals. The images captured by the camera are displayed on a monitor in real-time, enabling precise examination and diagnosis without the need for more invasive surgical procedures. Veterinary video endoscopes are essential tools in the diagnosis and treatment of various conditions in animals, including gastrointestinal disorders, respiratory issues, and urinary tract abnormalities.
Veterinary Video Endoscopes Market Trends
- Technological advancements in veterinary endoscopy have emerged as a significant driver of the market. These advancements have revolutionized the field of veterinary medicine by enhancing the capabilities and precision of diagnostic and therapeutic procedures.
- Modern veterinary endoscopes now feature high-definition imaging systems, which provide veterinarians with clearer and more detailed views of internal organs and tissues in animals. Improved optics and lighting systems have also contributed to better visualization during procedures, ensuring accurate diagnosis and treatment planning.
- Furthermore, the integration of video recording and image management systems allows for the documentation and sharing of findings, facilitating collaboration among veterinary specialists and improving patient care.
- Thus, as technology continues to evolve, with innovations such as miniaturization, wireless connectivity, and augmented reality, the market is poised for further growth, driven by the increasing adoption of advanced veterinary healthcare practices worldwide.
Veterinary Video Endoscopes Market Analysis
Based on product, the market is segmented into equipment, consumables/accessories, and PACS software. The equipment segment dominated the market in 2023 and accounted for USD 68 million.
- The equipment segment holds a substantial market share in the market, driven by the increasing adoption of advanced and specialized medical devices in veterinary practices worldwide.
- Additionally, increasing demand for high-quality imaging and diagnostic capabilities, coupled with technological advancements in endoscopic equipment, has significantly contributed to the segment's dominance.
- Moreover, the growing prevalence of complex veterinary conditions necessitating precise and minimally invasive interventions has further fueled the market for advanced veterinary video endoscopic equipment.
Based on animal type, the veterinary video endoscopes market is segmented into small animals and large animals. The small animals segment held a market share of 64.8% in 2023.
- Small animal segment commands a substantial market share in the market, driven by the increasing focus on companion animal health and wellness globally. This segment primarily includes endoscopic procedures performed on dogs, cats, and other small pets for diagnosis, treatment, and monitoring of various medical conditions.
- The rising pet ownership rates, coupled with growing awareness among pet owners about advanced veterinary care options, have significantly boosted the demand for veterinary video endoscopes in this segment.
- Additionally, advancements in veterinary medicine have expanded the scope of endoscopic procedures available for small animals, ranging from gastrointestinal and respiratory examinations, further boost the market growth.
Based on application, the veterinary video endoscopes market is segmented into diagnostic and surgical. The diagnostic segment dominated the market in 2023 and is anticipated to grow at a CAGR of 7.6% between 2024 - 2032.
- Veterinary video endoscopes are pivotal tools in diagnosing gastrointestinal disorders, respiratory diseases, urinary tract abnormalities, and other internal health issues in animals.
- Additionally, technological advancements in endoscopic imaging systems have further bolstered the diagnostic capabilities, offering veterinarians high-definition visuals and enhanced maneuverability within the animal's body.
- As veterinary clinics and hospitals continue to prioritize early detection and comprehensive diagnostics, the diagnostic segment of the market is poised for continued growth and innovation.
Based on procedure, the veterinary video endoscopes market is segmented into respiratory, abdominal /GI tract, urogenital, ENT, and other procedures. The abdominal /GI tract segment dominated the market in 2023 and is anticipated to reach USD 85 million by 2032.
- The abdominal/GI tract segment commands a substantial market share in the market due to high prevalence of gastrointestinal disorders and the critical role of endoscopic procedures in their diagnosis and treatment.
- Veterinary video endoscopes are essential tools for examining the gastrointestinal tract of animals, allowing veterinarians to visualize and assess abnormalities such as inflammation, ulcers, tumors, and foreign bodies.
- Advanced endoscopic technologies, including high-definition imaging and flexible endoscope designs, have significantly enhanced the precision and effectiveness of procedures within the abdominal/GI tract segment, thereby propelling market growth.
Based on end-user, the veterinary video endoscopes market is segmented into veterinary hospitals & clinics, veterinary diagnostic centers, and other end-users. The veterinary hospitals & clinics segment dominated the market in 2023 with a revenue of USD 63.2 million.
- Veterinary hospitals and clinics utilize endoscopic equipment to perform minimally invasive examinations and treatments, including procedures for gastrointestinal, respiratory, urinary tract, and reproductive system disorders in animals.
- These facilities are key adopters of veterinary video endoscopes due to their capability to provide specialized care and services for a wide range of animal health conditions.
- Moreover, advancements in endoscopic technology, coupled with the need for efficient workflow management and patient care, have spurred investments in state-of-the-art equipment by veterinary hospitals and clinics worldwide, thus fostering overall market growth.
North America veterinary video endoscopes market was valued at USD 53.5 million in 2023 and is anticipated to reach USD 101.8 million by 2032.
- North America holds a significant market share in the market, driven by factors such as robust adoption of advanced veterinary technologies, high pet ownership rates, and strong veterinary healthcare infrastructure.
- The region's prominent market position is further bolstered by increasing expenditures on pet healthcare and a growing trend towards companion animal welfare.
- Moreover, the presence of key market players and ongoing research and development initiatives in veterinary medicine contribute to the continuous advancement of endoscopic technologies tailored for animal care in the region.
U.S. veterinary video endoscopes market is anticipated to grow at a CAGR of 7.5% between 2024 - 2032.
- The country's leadership in the market is underscored by widespread adoption of cutting-edge veterinary diagnostic and therapeutic equipment, including video endoscopes, across veterinary clinics, hospitals, and specialty practices.
- The U.S. market benefits from a robust regulatory framework that supports innovation and the introduction of new medical devices in veterinary medicine.
- Moreover, rising demand for minimally invasive procedures to improve diagnostic accuracy and treatment outcomes for pets has spurred continuous advancements in endoscopic technologies, thus facilitating robust growth in the country.
Germany is anticipated to witness robust growth in the global veterinary video endoscopes market.
- The country boasts a well-developed veterinary healthcare infrastructure, advanced technological capabilities, and a strong emphasis on animal welfare.
- German veterinary practices are increasingly adopting minimally invasive procedures, including endoscopic techniques, to enhance diagnostic precision and therapeutic outcomes for companion animals.
- Additionally, growing pet ownership rates and rising expenditures on veterinary care further contribute to the expansion of the market.
Asia Pacific region will exhibit high significant growth over the forecast period.
- The region is experiencing rapid urbanization and economic development, leading to an increase in pet ownership and spending on veterinary care. As disposable incomes rise, more pet owners are seeking advanced diagnostic and therapeutic options for their animals.
- Further, advancements in healthcare infrastructure and technology adoption in countries like China, Japan, South Korea, and India are facilitating the integration of sophisticated veterinary medical equipment, including video endoscopes, into veterinary practices.
- Moreover, government initiatives supporting animal welfare and healthcare improvements further bolster market growth.
Veterinary Video Endoscopes Market Share
The competitive landscape in the market is characterized by the presence of numerous global and regional players striving to enhance their market positions through innovation and strategic initiatives. Leading companies such as Karl Storz, Olympus Corporation, and Fujifilm dominate the market with their extensive product portfolios, advanced technology, and strong distribution networks. These key players are heavily investing in research and development to introduce cutting-edge endoscopic solutions, enhancing imaging capabilities and improving ease of use.
Veterinary Video Endoscopes Market Companies
Prominent players operating in the veterinary video endoscopes industry include:
- Advanced Monitors Corporation
- Biovision Veterinary Endoscopy, LLC
- Dr. Fritz Endoscopes GmbH
- Eickemeyer
- eKuore
- Fujifilm
- Firefly Global
- KARL STORZ SE & Co. KG
- MDS Incorporated
- Olympus Corporation
- Steris
Veterinary Video Endoscopes Industry News:
- In March 2024, NTT Corporation (NTT) and Olympus Corporation (Olympus) announced that the two companies have jointly begun a demonstration experiment of a cloud endoscopy system that enables image processing on the cloud. This will help overcome the current constraints of processing performance in endoscopic equipment, enhance system maintainability, and enable a flexible and swift market response.
- In July 2020, eKuore launched a new APP- eKuore Vet to integrate its lineup of veterinary devices including stethoscopes, cardiac monitors, and digital otoscopes, thus enhancing its offerings.
The veterinary video endoscopes market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
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Market, By Product
- Equipment
- Consumables/accessories
- PACS software
Market, By Animal Type
- Small animals
- Large animals
Market, By Application
- Diagnostic
- Surgical
Market, By Procedure
- Respiratory
- Abdominal /GI tract
- Urogenital
- ENT
- Other procedures
Market, By End-user
- Veterinary hospitals & clinics
- Veterinary diagnostic centers
- Other end-users
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
[table_contents] => Will be Available in the sample /Final Report. Please ask our sales Team. [list_tables_figures] => Will be Available in the sample /Final Report. Please ask our sales Team. [meta_keyword] => [mata_desc] => [meta_image] => [meta_title] => ) [8] => Array ( [report_id] => 1921 [cat_id] => 12 [sub_cat_id] => 25 [year] => 2024 [report_title] => Pet Herbal Supplements Market – By Product Type (Multivitamins & Minerals, Omega 3 Fatty Acids), Application (Digestive, Immunity), Pet Type, Dosage Form (Gummies & Chewable, Tablets & Capsules), Distribution Channel – Global Forecast 2024 – 2032 [date] => 2024-07-28 [topic] => Pet Herbal Supplements Market – By Product Type (Multivitamins & Minerals, Omega 3 Fatty Acids), Application (Digestive, Immunity), Pet Type, Dosage Form (Gummies & Chewable, Tablets & Capsules), Distribution Channel – Global Forecast 2024 – 2032 [industry] => Animal Health and Nutrition [url_keyword] => Pet Herbal Supplements Market [publisher] => MIR [delivary_report] => PDF&Excel [geography] => Global [pages_no] => 240 [single_user_price] => 2890 [site_license_price] => 4335 [enterprisewide_price] => 5780 [summary] =>
Pet Herbal Supplements Market Size
Pet Herbal Supplements Market size accounted for USD 935.5 million in 2023 and is predicted to grow at 10.5% CAGR between 2024 and 2032. This growth can be attributed to increasing pet ownership rates globally coupled with the humanization of pets that has led to a greater emphasis on pet health and wellness.
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Pet herbal supplements are natural products designed to support the health and well-being of pets using herbs and plant-based ingredients. They target various health concerns such as joint health, digestion, anxiety, and immune support. Common herbs include turmeric, chamomile, echinacea, and ginger. Available in various forms like chews, tablets, powders, and oils, these supplements provide a holistic approach to pet care, often used alongside traditional veterinary treatments. Pet owners are now more willing to invest in natural and holistic remedies, viewing their pets as integral family members.
Secondly, the rising awareness of the benefits of herbal supplements over synthetic products is propelling market expansion. Consumers are becoming more educated about the potential side effects of chemical-based treatments and are seeking safer and natural alternatives for their pets. This trend further fuels the market growth.
Additionally, advancements in e-commerce platforms have made it easier for pet owners to access a wide range of herbal supplements. Enhanced marketing efforts and educational campaigns by manufacturers are also playing a crucial role in boosting market demand. Overall, these factors collectively drive the robust growth of the market, reflecting a broader shift towards herbal pet care solutions.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Pet Herbal Supplements Market Size in 2023: | USD 935.5 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 10.5% |
| 2032 Value Projection: | USD 2.3 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 236 |
| Tables, Charts & Figures: | 411 |
| Segments covered: | Product Type, Application, Pet Type, Dosage Form, Distribution Channel, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
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Pet Herbal Supplements Market Trends
- Rising pet ownership globally has led to increased demand for pet supplements, including herbal products.
- According to the American Pet Products (APPA) National Pet Owners Survey of 2023 and 2024, 66% of U.S. households, or 86.9 million, own a pet.
- This widespread pet ownership leads to owners increasingly viewing pets as family members and prioritizing their health and well-being.
- As a result, there is a higher demand for natural and holistic health solutions, including herbal supplements. Pet owners seek preventive care and alternative treatments to avoid costly veterinary bills and enhance their pets' quality of life, further fueling market expansion.
- Furthermore, increasing investment in pet healthcare is a major trend driving the growth of the market. This trend is reflected in the rising expenditure on veterinary services, specialized treatments, and premium health products. The shift towards preventive healthcare, including the use of natural and herbal supplements, is a key component of this increased investment, thereby driving the growth of this market.
Pet Herbal Supplements Market Analysis
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Based on product type, the market is segmented into multivitamins & minerals, omega-3 fatty acids, probiotics & prebiotics, proteins & peptides, CBD, antioxidants, and other product types. The multivitamins & minerals segment accounted for significant revenue of USD 282.5 million in 2023.
- The multivitamins and minerals segment holds the highest market share in the market due to its comprehensive health benefits and wide range of applications. These supplements provide essential nutrients that support overall health, addressing potential nutritional deficiencies and promoting long-term wellness.
- Additionally, as the pet population ages, the need for nutritional support increases, with multivitamins and minerals helping to address age-related health issues.
- Furthermore, their widespread availability in easy-to-administer forms such as tablets and chews, further supports the growth of this segment.
Based on application, the pet herbal supplements market is classified into digestive support, immunity support, skin & coat, joint health support, kidney health, liver health, calming & anxiety supplements, respiratory health, and other applications. The digestive support segment dominated the application segment of market and is expected to grow at 10.4% CAGR over the coming years.
- Increasing awareness among pet owners about gastrointestinal health drives the adoption of herbal supplements among pet owners. Pets suffer from digestive issues such as diarrhea, constipation, and gastrointestinal discomfort, prompting a growing demand for natural remedies.
- Herbal supplements formulated to support digestive health offer a holistic approach, often containing ingredients like probiotics, prebiotics, digestive enzymes, and soothing herbs like chamomile or ginger.
- Furthermore, pet owners opt for herbal supplements because they provide natural remedies that are perceived as safer and gentler compared to synthetic medications, reducing the risk of side effects.
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Based on pet type, the pet herbal supplements market is divided into dogs, cats, horses, and other pets. The dog segment was valued at USD 535.1 million in 2023 and is expected to reach USD 1.3 billion by 2032.
- The dogs segment accounted for significant market share supported by a global population of approximately 900 million dogs, as reported by Dogster in 2024. This vast population includes pet dogs, wild packs, and strays, highlighting the significant market size and diverse ownership base.
- Moreover, dogs commonly face various health challenges, from joint and mobility issues to skin allergies and anxiety. Herbal supplements offer natural remedies that appeal to owners seeking gentler alternatives to conventional medications. This preference for holistic care solutions bolsters the growth of this segment.
Based on dosage form, the pet herbal supplements market is categorized into gummies & chewable, tablets & capsules, powders, liquids, and other dosage forms. The gummies & chewable segment held majority of market share and is expected to grow remarkably to reach USD 701.5 million by the end of forecast timeframe.
- Gummies and chewable are often flavored to be highly palatable, making them more appealing to pets. This ease of administration ensures that pets readily consume the supplements without the stress or resistance that can occur with pills or liquids.
- Furthermore, the variety and customization available in gummies and chewable, addressing different health needs such as joint support and digestive health, further enhances their market growth.
Based on distribution channel, the pet herbal supplements market is bifurcated into offline and online. The offline segment dominated the global market with 61.2% of market share. The offline segment is further bifurcated into veterinary pharmacies, pet specialty stores, and retail stores.
- Pet owners prefer purchasing supplements from physical stores where they can seek advice from knowledgeable staff, read labels, and verify product authenticity. This trust and assurance provided by offline distributors drives the growth of this segment.
- The immediate availability of products in offline stores also plays a significant role, as it allows pet owners to quickly obtain supplements, especially for urgent health concerns.
- These factors collectively highlight the importance of physical retail experiences in driving consumer trust, and convenience, making the offline segment the preferred choice for many pet owners.
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North America pet herbal supplements market in 2023 was valued at USD 359.2 million and is predicted to showcase growth at 10.4% CAGR between 2024 – 2032.
- The North American market is characterized by continuous product innovation and a wide availability of diverse herbal supplements. Companies are investing in research and development to create effective, palatable, and easy-to-administer products that cater to various health concerns.
- This innovation, combined with extensive distribution networks, ensures that pet owners have access to a wide range of high-quality supplements, thereby propelling the growth of this region.
U.S. pet herbal supplements market accounted for USD 331.6 million in 2023 and is projected to reach USD 790 million by 2032.
- Increasing awareness among pet owners about natural and holistic health solutions, coupled with rising concerns over the potential side effects of conventional medications, has fueled the demand for herbal supplements in the country.
- Moreover, a growing preference for preventive healthcare measures for pets has led to a surge in the adoption of herbal supplements, thereby driving the market growth.
China pet herbal supplements market is poised to grow remarkably during the coming years.
- According to top 10 worldwide dog statistics by Dogster, China has the highest pet dog population in Asia, at 54.29 million.
- China represents a significant market for pet-related products, including herbal supplements. This large pet population creates a strong demand for health and wellness products tailored to dogs, driving market growth in the country.
India is expected to grow at considerable growth rate in global pet herbal supplements market.
- The expanding urban middle-class in India has higher disposable incomes and a willingness to invest in premium pet care products. This demographic trend supports the demand for high-quality herbal supplements that offer solutions to common pet health issues.
- Moreover, there is a rising availability of pet care products, including herbal supplements, through online platforms, pet specialty stores, and veterinary clinics across major Indian cities. This enhanced accessibility, coupled with growing consumer awareness, drives market growth.
Pet Herbal Supplements Market Share
The market is marked by a variety of companies vying for market share by focusing on distinct strategies and strengths. Key players in this sector include both established brands and emerging companies that specialize in developing and distributing herbal supplements tailored for pets' health and wellness needs.
Pet Herbal Supplements Market Companies
Prominent players operating in the pet herbal supplements industry include:
- Arogya Paws
- Barlean's Organic Oils, LLC
- BB Herbal (BB Pet Supplies)
- Dorwest Herbs Ltd
- Dr. Harvey's
- DSM
- EdensHerbals
- Herbal Dogs Co
- HERBPET, LLC
- Hilton Herbs
- Natural Dog Company Inc.
- Nature's Pet Herbals
Pet Herbal Supplements Industry News:
- In December 2023, EverRoot, a brand powered by Purina, collaborated with world-class athlete, fitness and wellness advocate, and LailaAliLifestyle.com Brand CEO, Laila Ali, to launch a new addition to its trusted line of dog supplements: EverRoot Dog Supplements Soft Chews. This strategic collaboration helped the company to enhance its brand visibility and credibility.
The pet herbal supplements market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
Click here to Buy Section of this Report
Market, By Product Type
- Multivitamins & minerals
- Omega-3 fatty acids
- Probiotics & prebiotics
- Proteins & peptides
- CBD
- Antioxidants
- Other product types
Market, By Application
- Digestive support
- Immunity support
- Skin & coat
- Joint health support
- Kidney health
- Liver health
- Calming & anxiety supplements
- Respiratory health
- Other applications
Market, By Pet Type
- Dogs
- Cats
- Horses
- Other pets
Market, By Dosage Form
- Gummies & chewable
- Tablets & capsules
- Powders
- Liquids
- Other dosage forms
Market, By Distribution Channel
- Offline
- Veterinary pharmacies
- Pet specialty stores
- Retail stores
- Online
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
[table_contents] =>
Will be Available in the sample /Final Report. Please ask our sales Team.
[list_tables_figures] =>Will be Available in the sample /Final Report. Please ask our sales Team.
[meta_keyword] => [mata_desc] => [meta_image] => [meta_title] => ) [9] => Array ( [report_id] => 1922 [cat_id] => 12 [sub_cat_id] => 25 [year] => 2024 [report_title] => Equine Artificial Insemination Market Size - By Component (Services, Semen [Fresh, Chilled, Frozen], Equipment, Reagents & Kits), Application (Sports, Breeding), End-use (Breeding Centers, Clinics, Research Institutes), Regional Outlook & Global Forecast, 2024 – 2032 [date] => 2024-07-28 [topic] => Equine Artificial Insemination Market Size - By Component (Services, Semen [Fresh, Chilled, Frozen], Equipment, Reagents & Kits), Application (Sports, Breeding), End-use (Breeding Centers, Clinics, Research Institutes), Regional Outlook & Global Forecast, 2024 – 2032 [industry] => Animal Health and Nutrition [url_keyword] => Equine Artificial Insemination Market [publisher] => MIR [delivary_report] => PDF&Excel [geography] => Global [pages_no] => 240 [single_user_price] => 2890 [site_license_price] => 4335 [enterprisewide_price] => 5780 [summary] =>Equine Artificial Insemination Market Size
Equine Artificial Insemination Market was valued at USD 681.1 million in 2023 and is estimated to grow at 5.7% CAGR from 2024 to 2032, driven by the rising demand for genetically superior horses in sports and breeding programs. This technology allows breeders to selectively enhance desirable traits like speed and endurance in horses, leading to improved breeding outcomes. As a result, the adoption of equine artificial insemination is increasing. Additionally, advancements in artificial insemination techniques and equipment, coupled with rising awareness and acceptance among breeders will boost the market.
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Equine artificial insemination is a reproductive technique used to impregnate mares without natural mating. It involves collecting semen from a stallion and then manually inserting it into the mare's reproductive tract using specialized equipment. This method allows for selective breeding, enhances genetic diversity, and improves the management of breeding programs. Animal artificial insemination is widely used in breeding centers and veterinary clinics due to its efficiency, safety, and ability to overcome geographical and physical barriers between horses.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Equine Artificial Insemination Market Size in 2023: | USD 681.1 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.7% |
| 2032 Value Projection: | USD 1.1 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 140 |
| Tables, Charts & Figures: | 269 |
| Segments covered: | Component, Application, End-use, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
What are the growth opportunities in this market?
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Equine Artificial Insemination Market Trends
Advancements in the equine artificial insemination are driving significant growth by improving breeding outcomes and genetic quality. Innovations such as chilled and cryopreserved semen, embryo transfer, and cutting-edge techniques such as intracytoplasmic sperm injection (ICSI), ovum pick-up (OPU), and semen sexing are proved to enhance the reproductive success rates. These technologies had allowed a better selection of desirable traits, increased fertility rates, and improved progeny quality.
- According to article ‘Equine Pregnancy Rates After In Vitro Embryo Freezing’, equine embryos produced in a lab using intracytoplasmic sperm injection (ICSI) can achieve pregnancy rates of approximately 70%. This high success rate has increased interest in these advanced techniques, thereby expanding the practice. Similarly, as per the Veterinary Practice magazine report, one of the largest centers in the EU offering ICSI (Italy), the number of ICSI sessions completed doubled from approximately 1,000 in 2017 to 2,000 in 2019.
Therefore, increasing awareness over transmitted disease control, growing breeding fundings along with the rising demand for cryopreserved semen are factors that are augmenting the market demand.
Equine Artificial Insemination Market Analysis
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Based on the component, the services segment accounting for the largest revenue of USD 266.2 million in 2023, anticipating its dominance throughout the forecast period with a significant growth rate.
- The widespread adoption of veterinary services such as breeding consultancy and specialized reproductive treatments are essential for successful artificial insemination procedures. Therefore, increasing demand for expert guidance and advanced reproductive techniques such as semen collection, processing, and embryo transfer contributes to the segment's dominance.
- Furthermore, the focus on improving genetic traits and fertility outcomes in horses enhances the reliance on professional services. As horse owners and breeders seek better breeding outcomes, the services segment continues to expand, thereby fueling overall market growth.
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Based on application, the sports segment is expected to hold the highest market share of 55.4% in 2023.
- Sports applications dominate the equine artificial insemination market due to the high demand for breeding superior-performance horses. Sports focuses on enhancing traits such as speed, endurance, agility, and conformation through advanced reproductive technologies. Breeders utilize artificial insemination to access genetic material from top-performing stallions and mares, ensuring progeny inherit desirable athletic qualities.
- Thus, the precision of insemination timing and genetic selection offered by these techniques supports the consistent improvement of athletic performance in horses, thereby driving the dominance of sports applications in the market.
Based on the end-use, the breeders centers segment is projected to reach USD 591.9 million by 2032.
- Breeding centers provide comprehensive facilities and expertise essential for successful breeding programs. They offer specialized services including semen collection, processing, and insemination, alongside reproductive management and genetic consultations.
- Further, the centralized approach of breeding centers ensures efficient management of breeding stock and supports continuous advancements in equine reproductive technologies, thereby solidifying their market dominance.
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The U.S. dominated the North American equine artificial insemination market accounting for USD 243.7 million in 2023 and is anticipated to show significant growth over the coming years.
- The country level dominance is due to its robust infrastructure supporting advanced breeding techniques and extensive use of technology. Also, the large horse population, coupled with a strong emphasis on breeding for performance and genetic improvement drives the need for advanced reproductive technologies.
- For instance, in the U.S., there are over seven million horses, as reported by the American Horse Council Foundation (AHCF) using data from the National Agricultural Statistic Service (NASS) and the American Veterinary Medical Association (AVMA). Thus, a growing population would surge the demand for breeders to utilize artificial insemination to access superior genetic traits and optimize breeding outcomes, thereby contributing to the market's growth
- Furthermore, regulatory support for innovation and research also contributes to the U.S.'s prominence in advancing equine reproductive technologies.
UK exhibited a high growth potential in the European equine artificial insemination market.
- UK’s strong emphasis on breeding for both performance and genetic improvement, has advanced the reproductive technologies extensively. Also, breeding centers and veterinary clinics in the UK offer specialized services in semen processing, genetic consultations, and reproductive management, thereby contributing to the country's prominence in enhancing equine breeding outcomes across Europe.
Asia Pacific equine artificial insemination market is poised for rapid growth with a CAGR of 6.1% during 2024 to 2032.
- The high regional CAGR is driven by increasing demand for high-quality horses and advancements in reproductive technologies. Countries such as Australia, Japan, and China are leading in adopting artificial insemination techniques to improve genetic traits and enhance breeding efficiency.
- In addition, the market benefits from expanding equestrian sports and leisure activities, thereby driving the need for superior performance horses.
- Furthermore, the rising investments in infrastructure and education are expected to boost market growth in the Asia Pacific region.
Equine Artificial Insemination Market Share
The equine artificial insemination industry is characterized by key players offering a wide range of reproductive services and technologies. Leading companies in the industry are actively focusing on comprehensive offerings including semen collection, processing, and genetic consultations. These companies leverage advanced techniques such as chilled and frozen semen, embryo transfer, and ICSI to enhance breeding outcomes. In addition, ongoing innovations in reproductive technologies and strategic partnerships with breeding centers and veterinary clinics further intensify competition in this dynamic market.
Equine Artificial Insemination Market Companies
Few of the prominent players operating in equine artificial insemination industry include:
- Agtech Inc
- Dairymac,
- Girovet
- HOFFMAN A.I. BREEDERS INC.
- IMV Technologies
- MINITÜB GMBH
- Scone Equine Group
- Semen Tanks
- Shotter & Byers Equine Vets
- Spervital B.V.
- Stallion AI Services
- Sussex Equine Hospital
- Zerlotti Genetics
- Zoetis Inc.
Equine Artificial Insemination Industry News
- In July 2023, Solo Select Horses acquired Graves Ranch. The acquisition brings Graves Ranch's 1,300-head recipient mare herd under the ownership of Solo Select Horses, LLC, further solidifying its position alongside Select Reproduction as one of the largest equine breeding operations in the U.S. This acquisition expands Solo Select Horses' capabilities, adding significant resources to its reproduction business in North Texas.
- In May 2022, UC Davis expanded its Equine Reproduction Service at the Large Animal Clinic, offering a range of routine and advanced reproductive care for horses. Services now include artificial insemination, ultrasonographic pregnancy diagnosis, fertility evaluation, semen collection and assessment, transvaginal aspiration of oocytes, and embryo transfer. This expansion aims to broaden and enhance the scope of services offered.
This equine artificial insemination market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments
Click here to Buy Section of this Report
Market, By Component
- Services
- Semen
- Fresh semen
- Chilled semen
- Frozen semen
- Equipment
- Reagents and kits
Market, By Application
- Sports
- Breeding
- Other applications
Market, By End-use
- Breeding centers
- Veterinary clinics
- Research institutes
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East and Africa
[table_contents] =>
Will be Available in the sample /Final Report. Please ask our sales Team.
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