Veterinary Eye Care Market Analysis

Veterinary Eye Care Market Analysis

Based on the product & services, the market is segmented into veterinary eye care products and veterinary eye care services. The product segment is further categorized into diagnostic and treatment products. The product segment dominated around USD 43.9 billion revenue in 2023.
 

• High demand for veterinary eye care products can be attributed to the rising awareness among pet owners regarding the importance of eye health in animals and the increasing prevalence of eye disorders in pets.
   
• Additionally, advancements in veterinary ophthalmology have led to the development of innovative products that offer effective solutions for various eye conditions in animals.
   
• These factors, coupled with the expanding pet population globally, have contributed to the high market share of products catering to veterinary eye care.
   

Based on animal type, the veterinary eye care market is segmented into canine, feline, equine, bovine, and other animal type. The canine segment accounted for 37.9% of the market share in 2023.
 

• Dogs are one of the most common pets globally, leading to a larger patient pool requiring eye care.
   
• Additionally, the prevalence of eye conditions such as cataracts, glaucoma, and dry eye syndrome in dogs further drives the demand for veterinary eye care products and services.
   
• Moreover, advancements in veterinary ophthalmology, including innovative treatments and surgical procedures, have contributed to the growth of this segment.
   

Based on indication, the veterinary eye care market is classified into eyelid abnormalities, cataract, glaucoma, retinal disorders, uveitis, conjunctivitis, corneal ulcers, and other indications. The eyelid abnormalities segment is poised to reach USD 20.3 billion by 2032.
 

• Eyelid abnormalities are relatively common in animals, particularly in certain breeds, and can range from minor issues to more serious conditions requiring surgical intervention. For instance, in dog’s upper eyelid masses are more common than lower eyelid masses, with the upper lateral eyelid being the most common site for masses. Further, female spayed dogs have a higher prevalence of eyelid masses.
   
• Additionally, increasing awareness among pet owners and rising eye check-ups of their animals has led to early detection and treatment of eyelid abnormalities.
   
• Moreover, advancements in surgical techniques and technologies have made eyelid surgery safer and more effective, encouraging more veterinarians to offer these services.
   

Based on end-use, the veterinary eye care market is classified into veterinary hospitals, diagnostic laboratories, and other end-users. The end-use segment is equivalent to the market size of veterinary care services, diagnostic products, lenses, and laser devices of the products & services segment. The veterinary hospitals segment is anticipated to expand at a CAGR of 3.6% from 2024 to 2032.
 

• Veterinary hospitals are equipped to provide specialized ophthalmic diagnosis and treatment, allowing for comprehensive eye examinations and advanced treatments. This attracts pet owners seeking specialized care for their pets' eye conditions.
   
• Additionally, veterinary hospitals often have access to a wide range of veterinary ophthalmologists and specialists, providing a higher level of expertise and care.
   
• Furthermore, veterinary hospitals provide emergency eye care services, ensuring that pets receive immediate treatment for acute eye conditions, such as corneal ulcers or trauma. All these factors make them prominent end-users in the veterinary care market.
   

North America veterinary eye care market held over 43.4% revenue share in 2023 and is expected to surpass USD 39 billion by 2032.
 

• High regional growth is owing to the region's advanced healthcare infrastructure, robust veterinary services, and a high level of pet adoption in the region, which drives the demand for comprehensive pet healthcare.
   
• Additionally, the presence of key market players and ongoing technological advancements in veterinary ophthalmology further contribute to the region's market growth.
   
• Further, rising awareness among pet owners regarding the importance of regular eye check-ups and the availability of a wide range of veterinary eye care products and services, further enhances the market growth.