Increasing Growing Number of Veterinary Practitioners Drive Market Growth

A skilled veterinary practitioner is very crucial to handle animals appropriately for safe practice. Animals require proper handling for infusion pumps and other veterinary devices during their treatment duration. According to the Canadian Veterinary Medical Association in 2020, around 12,921 veterinarians were reported in Canada, out of which skilled female practitioners estimate 61%, male veterinary practitioner estimate 38%, and other genders estimate 1%. Hence, an increasing number of veterinary practitioners is likely to boost the market growth in the upcoming year growth.

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Data Bridge Market Research analyses a growth rate in the Global Veterinary Infusion Pumps Market is expected to reach USD 730.70 million by 2030 from USD 288.87 million in 2022, growing at a CAGR of 12.3% in the forecast period of 2023 to 2030. Rise in animal healthcare expenditure will likely to increase the growth of the global veterinary infusion pumps market.

Rising government initiatives for animal welfare is expected to drive the market's growth rate

Governments all over the globe are developing strategic plans and various guidelines for animal welfare. For instance, in May 2021, the United Kingdom government announced the first-ever action plan to increase animal welfare and conservation at home and abroad. This action plans include programs for improvement of animal and welfare for all animals, such as incentivizing farmers to improve animal health through future farming policies. Such initiatives raise awareness regarding animal health and help the market grow during the forecast period.

Report Scope and Market Segmentation

Segment Analysis:

The veterinary infusion pumps market is segmented on the basis of type, infusion type, model type, mobility, infusion mode, channel type, animal, end user, and distribution channel.

• On the basis of type, the global veterinary infusion pumps market is segmented into device and administration sets and pump accessories. The device segment is dominating the global veterinary infusion pumps market with a share of 76.51% because of its application and appropriate nature of the advanced infusion pumps.
• On the basis of infusion type, the global veterinary infusion pumps market is segmented into continuous and intermittent. The continuous segment is dominating the global veterinary infusion pumps market with the market share of 68.22% owing to its accurate delivery of medicinal fluid or drugs at constant phase.
• On the basis of model type, the global veterinary infusion pumps market is segmented into with power cord and battery operated. The battery operated segment is dominating the global veterinary infusion pumps market with the market share of 88.75% because the battery operated infusion can be constantly performed without any interruptions.
• On the basis of mobility, the global veterinary infusion pumps market is segmented into stationary and portable. The portable segment is dominating the global veterinary infusion pumps market with the market share of 90.69% because most veterinary and hospitals clinics are implemented portable pumps for the pet convenient applications.
• On the basis of infusion mode, the global veterinary infusion pumps market is segmented into rate mode, time mode, dose mode and others.

The rate mode segment of infusion mode segment is anticipated to dominate the veterinary infusion pumps market

The rate mode segment is dominating the global veterinary infusion pumps market with the market share of 51.29% because veterinary infusion pumps can be used to maintain the speed of flow which is essential during the treatment duration.

• On the basis of channel type, the global veterinary infusion pumps market is segmented into single channel and multi-channel.

The single channel segment of channel type segment is anticipated to dominate the veterinary infusion pumps market

The single channel segment is dominating the global veterinary infusion pumps market with the market share of 56.14% because the correct dosage of one drug at a time can be prevent from unwanted mixture of errors.

• On the basis of animal, the global veterinary infusion pumps market is segmented into food production and companion animals. In 2021, the food production segment is dominating the global veterinary infusion pumps market with the market share of 76.86% because people prefer poultry animals due to their enormous financial and economic benefits.
• On the basis of end user, the global veterinary infusion pumps market is segmented into hospitals, veterinary clinics, homecare settings, laboratories and others. The hospitals segment is dominating the global veterinary infusion pumps market with a market share of 54.74% due to growing number of veterinary hospitals and high investment for animal healthcare provided by government.
• On the basis of distribution channel, the global veterinary infusion pumps market is segmented into direct tender, retail pharmacy, online pharmacy and others. Direct tender segment is dominating the global veterinary infusion pumps market with the market share of 52.49% due to the growth in access to veterinary infusion therapies, the growth in the number of animal injury cases are predicted to dominate the growth of the market.

Major Players

Data Bridge Market Research recognizes the following companies as the major veterinary infusion pumps market players in veterinary infusion pumps market Caesarea Medical Electronics Ltd. (Israel), Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China), ivetmedical (UAE), Avante Health Solutions (U.S.), Kent Scientific Corporation (U.S.), Mediaid Inc. (Japan), B. Braun SE (Germany), Heska Corporation (U.S.).

Market Development

• In 2021, B. Braun Melsungen AG has announced that they received If DESIGN AWARD 2021 for their newest Health or Medical category products for all clinical areas, captivating over 98 member jury. This award was sponsored and organized by IF International Forum Design GmbH. This improved the company's reputation and profile, thereby increased profit for the market and attracting more customers.

 Regional Analysis

Geographically, the countries covered in the veterinary infusion pumps market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in veterinary infusion pumps market during the forecast period 2023 to 2030

North America dominates the veterinary infusion pumps market because of because of rising animal infusion therapies required cases in this region. Furthermore, substantial investment for adopting new healthcare facilities and presence of major competitors some other factors which will further enhance the market growth in this region.  

Asia-Pacific is estimated to be the fastest-growing region in veterinary infusion pumps market the forecast period 2023 to 2030

Asia-Pacific is expected to grow during the forecast period of 2023 to 2030 because of the growing pet population and augmented investments in the healthcare sector in this region. Additionally, growing investment by several organizations in product research and development activities, particularly in manufacturing, will further boost the market growth in this region. 

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