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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.
Global veterinary infusion pumps industry was valued at USD 384.7 million in 2023 and is anticipated to register 7.2% CAGR between 2024 and 2032 due to the upsurge in pet ownership with increasing spending on pet healthcare and favorable insurance policies.
The volumetric segment in the market recorded USD 174.4 million in 2023, driven by growing number of veterinary clinics and hospitals with advanced medical infrastructure.
North America veterinary infusion pumps market held 42.2% revenue share in 2023 driven by the rising number of pet owners and the growing penetration of pet insurance.
Baxter International Inc., B. Braun Melsungen AG, Burtons Medical Equipment Ltd., DRE Veterinary, DURECT Corporation, Eitan Medical, Grady Medical Systems, Inc., Heska Corporation, and Instech Laboratories Inc., and among others.