Veterinary Injectable Devices Market size is estimated to reach USD 2 Billion by the end of 2035, growing at a CAGR of 5.2% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of veterinary injectable devices was over USD 856 Million. The increasing number of pet owners globally is boosting the demand for veterinary injectable devices. Since pet owners are investing highly in the health of their pets.
Furthermore, new drug delivery systems that enhance the convenience, safety, and efficiency of veterinary injection devices are open to development. The increasing investment in R&D for veterinary products is significantly increasing the demand for new and innovated devices. These factors are bolstering the market growth of veterinary injectable devices.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~ 5.2% |
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Base Year Market Size (2022) |
~ USD 856 Million |
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Forecast Year Market Size (2035) |
~ USD 2 Billion |
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Regional Scope |
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Growth Drivers
Challenges
Usability (Disposable, Re-Usable)
The disposable segment in the veterinary injectable devices market is poised to hold the largest revenue share. Moreover, the disposable devices category held a revenue of USD 30 Million in 2022 and is anticipated to grow by 5% by 2035. The emphasis on a high level of security, reduced risk of infections, convenience, and time effectiveness for veterinarians, together with cost-effectiveness are factors that contribute to the increased demand for disposable devices in the animal health sector.
End-User (Veterinary Hospitals, Veterinary Clinics)
The veterinary clinics segment is expected to hold 55% share of the global veterinary injectable devices market during the forecast period. Also, the market showcased a significant share of the market at 44% in the year, 2022. The demand for veterinary services is increasing owing to the growing popularity of pet ownership, shifting demographics, and the growing awareness of animal healthcare. A major provider of animal health services is the veterinary clinic.
Our in-depth analysis of the global veterinary injectable devices market includes the following segments:
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Product |
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Usability |
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Materials |
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End-User |
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North American Market Forecast
North America veterinary injectable devices market is expected to garner the largest revenue share of 35% by the end of 2035. North America is generating the highest revenue owing to the presence of better healthcare facilities. Future trends in the region have also been driven by an increase in spending on companion animals in the United States, which has led to growing market momentum for Veterinary Injectable Devices. Also, the growing adoption of pets in the region is propelling the market growth of veterinary injectable devices.
APAC Market Statistics
Asia Pacific veterinary injectable devices market is anticipated to hold the second largest share of 26.1% owing to the development of major poultry businesses, large numbers of animals on farms, and an increase in animal healthcare infrastructure. The risk of contracting the disease is higher in livestock and poultry than in companion animals, and the death of livestock and poultry will lead to financial losses. Government assistance for the protection of farm animals against diseases is used to vaccinate them, and it is expected that this will lead to a higher level of local sales of veterinary injectables.
Author Credits: Radhika Gupta, Shivam Bhutani
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