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Veterinary Injectable Devices Market size was valued at USD 879.1 million in 2022 and is expected to reach USD 1.4 billion by 2032, growing at a CAGR of over 4.9% driven by increasing demand for veterinary healthcare, technological developments in veterinary medicine such as safety features, autoinjectors, & needle technology, and the need for disease prevention and management.
Furthermore, advances in veterinary medicine and technology have had a significant impact on the industry. The development of innovative injectable devices with improved features, such as precision dosing, ease of administration, and reduced pain. These advancements enhance treatment efficacy, improve patient comfort, and streamline the delivery of injectable medications.
Report Attribute | Details |
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Base Year: | 2022 |
Veterinary Injectable Devices Market Size in 2022: | USD 879.1 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 4.9% |
2032 Value Projection: | USD 1.4 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 251 |
Tables, Charts & Figures: | 434 |
Segments covered: | Product, Material, Usage, Animal type, End-user, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The COVID-19 pandemic had a significant impact on the veterinary injectable devices market. The pandemic has led to increased demand for veterinary care, as pet owners have been spending more time at home with their pets. This has led to increased usage of veterinary injectable devices, such as syringes and needles. In addition, the pandemic has led to supply chain disruptions, which has made it more difficult for manufacturers to obtain the raw materials needed to produce veterinary injectable devices.
The market is influenced by various trends that shape its dynamics. Some key trends in the industry includes increasing adoption of needle-free delivery systems, technological advancements in drug delivery, growing emphasis on using devices and techniques that minimize pain and stress during injections, and rising demand for customized and specialized injectables.
Based on product, the veterinary injectable devices market is segmented into syringes, needles, remote injectable devices, needle free injector systems, auto-injectors, and other injectables devices. In 2022, the syringes segment accounted for the largest share of 29.3% in the industry. The rising trend of pet ownership and the growing awareness of animal health have led to increased demand for veterinary care.
As more people bring pets into their families, there is a corresponding need for injectable treatments. Syringes are essential devices for accurately measuring and administering medications to companion animals, driving the demand for syringes in the market. Moreover, the development of specialized syringes for different animal species and treatment requirements, the expansion of veterinary healthcare services, and the increasing emphasis on animal welfare.
Based on material, the veterinary injectable devices market is segmented as plastic, metal, glass, and other materials. The plastic segment held dominant market share of around 49.0% in 2022. Plastic materials offer a cost-effective solution for manufacturing veterinary injectable devices. Plastic is generally less expensive than other materials such as metal or glass, making it a preferred choice for mass production. The cost-effectiveness of plastic materials allows for affordable pricing of injectable devices, making them accessible to veterinary professionals and pet owners.
Based on usage, the veterinary injectable devices market is segmented as disposable, reusable, and sterile devices. The disposable devices segment held the maximum market revenue of USD 429.9 million in the year 2022 and is expected to grow at a 4.8% by 2032. Factors that collectively contribute to the growing demand for disposable injectable devices in the veterinary industry include the emphasis on high level of safety, minimized risk of infection, convenience and time efficiency for veterinary professionals, and cost-effectiveness.
Based on animal type, the veterinary injectable devices market is segmented as companion animals, livestock animal, and other animals. The companion animals segment is expected to grow at a significant pace of 4.8% by 2032. Pet owners are becoming increasingly aware of the importance of preventive care for their companion animals. Vaccinations, parasite control, and routine health check-ups are essential for maintaining the health and well-being of pets. Injectable devices are commonly used in preventive care practices, such as administering vaccines and preventive medications.
Based on end user, the veterinary injectable devices market is segmented as veterinary hospitals, veterinary clinics, academic and research institutes, and other end-users. The veterinary clinics segment held a dominant market share of 44% in 2022 and is expected to grow at a CAGR of 5.4% by 2032. The demand for veterinary services is on the rise due to increasing pet ownership, changing demographics, and the growing awareness of pet healthcare. Veterinary clinics are the primary providers of comprehensive medical care for animals, including diagnostics, and treatments. Injectable devices are essential tools for delivering medications, vaccines, anesthetics, and other treatments.
North America veterinary injectable devices market is anticipated to grow at 4.7% by 2032. North America has a well-developed veterinary infrastructure, including veterinary practices, hospitals, and clinics. The region has a high concentration of skilled veterinarians and veterinary professionals. This robust veterinary infrastructure supports the use of injectable devices in delivering comprehensive veterinary care.
Moreover, there is a strong emphasis on animal health and well-being in North America. Pet owners in the region are highly concerned about the health and quality of life of their pets. This focus on animal health drives the demand for veterinary services and the use of injectable devices to ensure proper medical care and treatment for pets.
Some of the major market players operating in the veterinary injectable devices market are
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By Product, 2018 - 2032 (USD Million)
By Material, 2018 - 2032 (USD Million)
By Usage, 2018 - 2032 (USD Million)
By Animal type, 2018 - 2032 (USD Million)
By End-user, 2018 - 2032 (USD Million)
The above information is provided for the following regions and countries: