Veterinary Telemetry Systems Market Size By Product (Vital Signs Monitors, ECG/EKG monitors, Anesthesia Monitors, Accessories), By Mobility (Portable, Floor Standing, Compact), By Animal (Small, Large), By Application, End-user & Forecast to 2032

Veterinary Telemetry Systems Market Size By Product (Vital Signs Monitors, ECG/EKG monitors, Anesthesia Monitors, Accessories), By Mobility (Portable, Floor Standing, Compact), By Animal (Small, Large), By Application, End-user & Forecast to 2032

Veterinary Telemetry Systems Market Size

Veterinary Telemetry Systems Market size surpassed USD 255 million in 2022 and is poised to grow at 6.5% CAGR from 2023 to 2032. A commendable rise in pet care expenditure and increasing penetration of pet health insurance is likely to foster the industry growth.

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The sudden outbreak of the COVID-19 pandemic has not only increased pet adoptions but also increased spending on pet health. The rising awareness of pet health among pet owners and the availability of various insurance options have increased the need for technologically advanced treatments. Hence, the espousal of telemetry systems for continuous monitoring of pets' vital signs is expected to increase by 2032.

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Developing countries have limited availability of veterinary clinics, hospitals, and veterinary practitioners, which may act as a restraint for veterinary telemetry systems market growth. Besides, high costs associated with the advanced telemetry systems and limited availability of insurance options may further hamper the industry revenue streams by end of 2032.

Veterinary Telemetry Systems Market Analysis

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The industry share from the vital sign monitors segment will be worth USD 260 million by 2032. Vital signs monitors are used to periodically measure vital physiologic parameters, including oxygen saturation (SpO2), noninvasive blood pressure (NIBP), pulse rate, temperature, and respiratory rate. Continuous vital sign monitoring using a wearable device can accurately predict the potential clinical deterioration of pets while increasing treatment efficiency. Growing awareness of pet health and technological developments in remote patient monitoring will drive market statistics.

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The cardiology segment crossed a valuation of 45% of the veterinary telemetry systems market share in 2022 and is set to exhibit a healthy growth during 2023-2032. The high incidence rate of cardiovascular diseases among companion animals across the globe will supplement the business growth. Moreover, increasing availability of cardiac monitors for continuous monitoring of the heart and respiration rate will accelerate segment expansion.

Veterinary hospitals sector is speculated to be valued at over USD 275 million by 2032. A large patient population visiting hospitals for a variety of disorders will propel the product demand in hospital settings. Growing fondness for pets and the availability of well-established infrastructure for continuous monitoring of patients in these facilities serve the market progression. Furthermore, government authorities are specifically focusing on establishing modernized, well-equipped medical infrastructure to provide maximum facilities. In addition to this, the increasing number of surgical procedures performed in hospital set-up aids the industry development.

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North America veterinary telemetry systems market is set to capture 42% share in 2022 and is primed to witness an upward trend by 2032. The growing pet acceptance rate, in line with the increasing number of skilled veterinary practitioners, may drive regional business growth. Growing animal health expenditure coupled with the availability of pet insurance boosts the requirement of technically advanced diagnostic and therapeutic systems. However, the prominence of key particpants in the region and a steady rise in the number of veterinary professionals owing to attractive opportunities in the veterinary industry will foster market outlook.

Veterinary Telemetry Systems Market Share

Major players in the veterinary telemetry systems business scenario include

• Medtronic plc
• DRE Medical Inc (Avante Health Solutions)
• Nonin
• Shenzhen Mindray Animal Medical Technology Co Ltd
• Masimo Corporation
• Digicare Biomedical
• Dextronix,
• Midmark Corp
• Smiths Medical (ICU Medical, Inc.),
• Bionet

Companies in this business space have been adopting several growth measures to bolster their revenues and strengthen their market position.     

This market research report on veterinary telemetry systems includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments

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Market, By Product

• Vital signs monitors
• ECG/EKG monitors
• Anesthesia monitors
• Accessories
• Other veterinary telemetry systems

Market, By Mobility

• Portable systems
• Floor Standing systems
• Compact/Tabletop systems

Market, By Animal

• Small animals
• Large animals
• Other animals

Market, By Application

• Respiratory
• Cardiology
• Neurology
• Other applications

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
  • 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 & Africa
  • South Africa
  • Saudi Arabia
  • Rest of Middle East & Africa