Veterinary Injectable Devices Market Size & Share, by Product (Syringes, Needles, Remote Drug Delivery Systems, Needle-Free Injection Systems); Usability (Disposable, Re-Usable); Materials (Glass, Metal, Plastic); End-user (Veterinary Hospitals, Veterinary Clinics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 871
  • Published Date: Sep 05, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

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.


Veterinary Injectable Devices Market
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Veterinary Injectable Devices Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Animal Healthcare – The focus on animal health and well-being has led to an increase in demand for animal care, which includes the use of injectable medicinal products. The increasing demand for veterinary injectable medicinal products is driving a more proactive attitude by pet owners and animal farmers to seek preventive and curative treatment options. With about 15% of the veterinary injectable devices market at the time, Zoetis had the greatest share in the animal healthcare industry. Boehringer Ingelheim, the second-placed business, had almost 10% of the industry.
  • Advancements in Technology - Significant progress in the development of device design, materials, and features has been made in the animal injection device market. Innovative injectables offering improved accuracy, convenience of use, and safety for both animals and users have been developed by manufacturers. These developments have improved the efficiency and effectiveness of animal health treatments.
  • Increasing Prevalence of Zoonotic Diseases – Due to the possibility of spreading infections, an increase in pet ownership puts human health at risk. Zoonotic is an illness that can be passed on from animals to humans. The number of zoonotic diseases worldwide is therefore increasing rapidly. According to research by the WHO, zoonotic diseases cause millions of deaths and about a billion cases of illness each year.

Challenges

  • Stringent Regulatory Supplies – A strict regulatory regime governing the approval and marketing of injectable medicinal products and devices is applicable to the animal health industry. Compliance with these provisions may present challenges to manufacturers and limit market development, which can take a substantial amount of time and cost.
  • High Cost of Veterinary Care
  • Injuries and Infections due to Needles

Veterinary Injectable Devices Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 5.2%

Base Year Market Size (2022)

~ USD 856 Million

Forecast Year Market Size (2035)

~ USD 2 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Veterinary Injectable Devices Segmentation

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:

        Product

  • Syringes
  • Needles
  • Remote Drug Delivery System
  • Needle Free Injection System

        Usability

  • Disposable
  • Re-Usable

        Materials

  • Glass
  • Metal
  • Plastic

       End-User

  • Veterinary Hospitals
  • Veterinary Clinics

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Veterinary Injectable Devices Industry - Regional Synopsis

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.

Research Nester
Veterinary Injectable Devices Market  Size
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Companies Dominating the Veterinary Injectable Devices Market

top-features-companies
    • Boehringer Ingelheim International GmbH
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • NuGen Medical Devices Inc
    • NEOGEN Corporation
    • Phibro Animal Health
    • Zoetis Inc

In the News

  • NEOGEN Corporation announced that the company had acquired the companion animal health company, CAPInnoVet, Inc. The acquisition would help NEOGEN to expand its portfolio in pet medications to the veterinary market.
  • Boehringer Ingelheim announced that its intramuscular needle-free device, FreVAX, can now be managed with the new version of FreVAX smartphone app.

Author Credits:  Radhika Pawar


  • Report ID: 871
  • Published Date: Sep 05, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for animal healthcare, advancements in technology and increasing prevalence of zoonotic diseases is driving the market growth.

The market size of Veterinary Injectable Devices is anticipated to attain a CAGR of 5.2% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Boehringer Ingelheim., NuGen Medical Devices Inc, NEOGEN Corporation, Phibro Animal Health, Zoetis Inc, Japan International Cooperation Agency (JICA), DS Pharma Animal Health, Elanco, Mitsui & Co., Busan Animal Health Co. and others.

The disposable segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Veterinary Injectable Devices Market Report Scope
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