Global Veterinary Infusion Pumps Market, By Type (Devices and Administration Sets and Pump Accessories, Large-Volume Infusion Pumps and Syringe Infusion Pumps), Infusion Type (Continuous and Intermittent), Model Type (With Power Code and Battery Operated.), Mobility (Stationary and Portable), Infusion Mode (Rate Mode, Time Mode, Dose Mode and Others), Channel Type (Single Channel and Multi-Channel), Animal (Food Production and Companion Animals), End User (Hospitals, Veterinary Clinics, Homecare Settings, Laboratories And Others), Distribution Channel (Direct Tender, Retail Pharmacy, Online Pharmacy and Others) – Industry Trends and Forecast to 2030.
Veterinary Infusion Pumps Market Analysis and Size
According to the North American Pet Health Insurance Association, the basic annual expenditure for dogs and cats in 2021 will be USD 458 for dogs and USD 201 for cats. Such high expenditure on a pet, combined with a growing emphasis on their health, will lead to the use of veterinary infusion pumps during surgeries. As a result, all of these factors have been discovered to create significant growth opportunities for infusion pumps in the North American region.
Data Bridge Market Research analyses that the veterinary infusion pumps market which was USD 288.87 million in 2022, is expected to reach USD 730.70 million by 2030, at a CAGR of 12.3% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Veterinary Infusion Pumps Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Devices and Administration Sets and Pump Accessories, Large-Volume Infusion Pumps and Syringe Infusion Pumps), Infusion Type (Continuous and Intermittent), Model Type (With Power Code and Battery Operated.), Mobility (Stationary and Portable), Infusion Mode (Rate Mode, Time Mode, Dose Mode and Others), Channel Type (Single Channel and Multi-Channel), Animal (Food Production and Companion Animals), End User (Hospitals, Veterinary Clinics, Homecare Settings, Laboratories And Others), Distribution Channel (Direct Tender, Retail Pharmacy, Online Pharmacy and Others)
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Countries Covered
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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
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Market Players Covered
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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.), DRE Veterinary (U.S.), Digicare Biomedical (U.S.), Grady Medical (U.S.), Kruuse (Denmark), Jorgensen Labs (U.S.), Leading Edge Veterinary Equipment (U.S.), Burtons Medical Equipment Ltd. (U.K.)
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Market Opportunities
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Market Definition
A veterinary infusion pump is a pump-based medical device used to administer various types of medical solutions in a specific dose over time. Any medical solution or nutrients and fluids are mostly administered intravenously but epidural, subcutaneous, enteral, and other routes are used on occasion. Infusion pumps, such as perfusion pumps and syringe pumps, can keep medicines flowing at a specific speed, time, and volume.
Global Veterinary Infusion Pumps Market Dynamics
Drivers
- Government initiatives will propel the market growth
Governments around the world are developing plans and guidelines for animal welfare. For instance, the United Kingdom Government announced the first-ever action plan to improve animal welfare and conservation at home and abroad in May 2021. The action plans include programmes for animal improvement and welfare for all animals, such as incentivizing farmers to improve animal health and welfare through future farming policies. Such initiatives raise awareness about animal health and thus help the market grow.
- Collaborations and acquisitions are determining market growth
In January 2021, Merck Animal Health announced a collaboration with The Street Dog Coalition to provide medications, vaccines, and treatment for homeless pets. The Street Dog Coalition is a non-profit organisation that provides free basic veterinary care to homeless people's pets by using a One Health approach to street medicine and caring for people on "both ends of the leash." Such efforts to provide treatment and medications for animals are fuelling market growth.
Opportunities
- Launch of new products will determine the future
Rising initiatives from key market players and the growing benefits of advanced veterinary infusion pumps will drive market growth over the forecast period. For instance, Eitan Medical's upgraded Sapphire infusion pump system software Rev15, which includes the infusion pump, administration sets, and accessories, received FDA clearance in January 2021. This will increase the adoption of such infusion pumps, resulting in market growth. As a result of the above-mentioned factors, the market for veterinary infusion pumps is expected to grow in the coming years.
Restraints/Challenges
- High cost of animal care
Rising animal care costs may hamper market expansion during the forecast period. Americans spent $38.4 billion on pets, according to the American Pet Products Manufacturers Association (APPMA). According to the association, 63 percent of American households own at least one pet, and the country is home to nearly 74 million dogs and 90 million cats.
This veterinary infusion pumps market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the veterinary infusion pumps market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on the Veterinary Infusion Pumps Market
The coronavirus epidemic is having a significant impact on businesses and has already caused an unprecedented economic collapse. The impact of COVID-19 is putting a strain on global healthcare systems and has disrupted the supply chain for the veterinary infusion pump market, causing a temporary drop in demand for these devices. During a pandemic, the rapidly increasing demand for healthcare facilities and healthcare personnel may limit the ability of only a few healthcare systems to meet the expanding demand. COVID-19 pandemic cases are the result of either direct or indirect human contact. There is no evidence that animals can transmit COVID-19 to humans. The belief that animals can transmit the virus to humans has increased the number of abandoned pets.
Recent Developments
- In June 2021, Heska Corporation announced in its event section that the company attended the Jefferies Virtual Healthcare Conference. The company will explain its overall product portfolio and application in any clinical area, increasing public awareness of the company.
- In March 2021, B. Braun Melsungen AG announced that they had reconstituted their Supervisory Board with four new shareholders for their company. They resumed their work on the first day, improving the company's product production and portfolio. This is expected to boost their revenue in the future veterinary market.
Global Veterinary Infusion Pumps Market Scope
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. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Devices and Administration Sets
- Pump Accessories
- Large-Volume Infusion Pumps
- Syringe Infusion Pumps
Infusion Type
- Continuous
- Intermittent
Model Type
- With Power Code
- Battery Operated
Mobility
- Stationary
- Portable
Infusion Mode
- Rate Mode
- Time Mode
- Dose Mode
- Others
Channel Type
- Single Channel
- Multi-Channel
Animal
- Food Production
- Companion Animals
End User
- Hospitals
- Veterinary Clinics
- Homecare Settings
- laboratories
- Others
Distribution Channel
- Direct Tender
- Retail Pharmacy
- Online Pharmacy
- Others
Veterinary Infusion Pumps Market Regional Analysis/Insights
The veterinary infusion pumps market is analyzed and market size insights and trends are provided by country, type, infusion type, model type, mobility, infusion mode, channel type, animal, end user, and distribution channel as referenced above.
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.
North America dominates the veterinary infusion pumps market because of increasing animal infusion therapies required cases.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 owing to the presence of highest number of veterinary infusion pumps providers.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The veterinary infusion pumps market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for veterinary infusion pumps market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the veterinary infusion pumps market. The data is available for historic period 2011-2021.
Competitive Landscape and Veterinary Infusion Pumps Market Share Analysis
The veterinary infusion pumps market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to veterinary infusion pumps market.
Some of the major players operating in the veterinary infusion pumps market are:
- 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.)
- DRE Veterinary (U.S.)
- Digicare Biomedical (U.S.)
- Grady Medical (U.S.)
- Kruuse (Denmark)
- Jorgensen Labs (U.S.)
- Leading Edge Veterinary Equipment (U.S.)
- Burtons Medical Equipment Ltd. (U.K.)
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