Veterinary Infusion Pumps Market Research, 2031
The global veterinary infusion pumps market size was valued at $76,000.0 thousand in 2021, and is projected to reach $110,777.6 thousand by 2031, growing at a CAGR of 3.8% from 2022 to 2031. Veterinary infusion pumps are external medical device which is used for delivering fluids into an animal’s body in accurate manner. A compact, programmable infusion pump suitable for the delivery of IV fluid for animals. The advantages of veterinary infusion pumps are easy to use, safe to handle, small, lightweight, removable pump body and convenient cleaning. These infusion pumps are used in animals to deliver medications, fluids, and nutrients. It is available in various types such as large-volume infusion pumps and syringe infusion pumps. It has the ability to provide fluids in very small doses and at precisely timed rates. A veterinary infusion pump is simple to use and does not require any specialized expertise. In addition, it helps to inject the drug into the animal, and the animal does not feel pain.
Historical Overview
The market was analyzed qualitatively and quantitatively from 2021 to 2031. The veterinary infusion pumps market size witnessed growth at a CAGR of around 3.8% from 2021 to 2031. Most of the growth during this period was derived from the Asia-Pacific region owing to the rise in animal health awareness, increase in disposable incomes, as well as the well-established presence of veterinary companies in the region.
Market Dynamics
Growth & innovations in the industry for the manufacturing of veterinary infusion pumps owing to huge pool of animal health-conscious consumers creates an opportunity for the veterinary infusion pumps market. Product launch of infusion pump key players across the globe is set to affect the market growth positively. For instance, in May 2022, Hawkmed launched a touch screen vet infusion pump HK-T100VET. The growth of the veterinary infusion pumps market is expected to be driven by increase in number of animal accidents coupled with rise in pet population across the globe. Thus, rise in the pet population lead to increase in demand for veterinary infusion pump due to caution towards animal health among people. For instance, the American Pet Products Association (APPA) estimates that from 2021 to 2022, 70% of American households, or 90.5 million families, owned a pet.
Furthermore, the increase in R&D activities with strategic initiatives taken by market players to treat animal disease further drives the market growth. The demand for veterinary infusion pumps is not only limited to developed countries but is also being witnessed in developing countries, such as China, Brazil, and India, which fuel the growth of the market. Furthermore, rise in consumer awareness related to advanced infusion pumps, ease of accessibility and affordability of treatment boost the adoption of veterinary infusion pumps. Moreover, surge in importance of advanced veterinary infusion pump further supports the market growth. As the advantages of veterinary infusion pumps such as easy to handle, safe and fast method which increases the demand for veterinary infusion pumps. Furthermore, according to the American Pet Product Association, the overall spending in the U.S. pet industry increased by 19.3% i.e., from $103.6 to $123.6 billion between 2020 and 2021. Thus, pet owners do not hesitate to spend more than usual on the welfare of their pets, with considerable increase in disposable income. Thus, an increase in animal health expenditure is anticipated to augment the veterinary infusion pumps market growth.
This high cost of veterinary infusion pumps owing to their specialized raw material and manufacturing processes is anticipated to hamper the growth of the market. In contrast, increase in technological advancements in veterinary infusion pumps and increase in number of surgeries in animals are anticipated to provide lucrative opportunities to the market players. For instance, in January 2021, Eitan Medical System, Inc. announced the upgraded Sapphire infusion pump system software Rev15, which includes the infusion pump, administration sets, and accessories, received the United States Food and Drug Administration (FDA) clearance.
The outbreak of COVID-19 has disrupted workflows in the health care sector around the world. The disease has forced a number of industries to shut their doors temporarily, including several sub-domains of animal health care. The global veterinary infusion pumps market experienced a decline in 2021 due to global economic recession led by COVID-19. In addition, the COVID-19 outbreak disrupted the supply chain across various end-user industries like food, animal healthcare, and industrial. In addition, less focus on animal health during pandemic which restrained the market growth.
However, the market is anticipated to witness recovery in 2021, and show stable growth for veterinary infusion pumps market in the coming future. This is attributed to the increase in adoption veterinary infusion pumps to treat the diseases among animals as well as increase in animal-care trend coupled with the benefits offered by veterinary infusion pumps.
Segmental Overview
The veterinary infusion pumps market is segmented into Type and End User. By type, the market is categorized into large volume infusion pumps and syringe infusion pump. On the basis of end user, the market is segregated into veterinary hospitals, veterinary clinics and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Type
The market is segmented into large-volume infusion pumps and syringe infusion pumps. The large volume infusion pumps segment dominated the global market in 2021, owing to increase in adoption of large volume infusion pumps used for delivering the fluids to animals during a blood transfusion, and administration of nutrition by parenterally and in emergency conditions. However, syringe infusion pumps segment is expected to grow at the highest CAGR during the forecast period. This is attributed to adoption of syringe infusion pump due to rise in technological advancements in syringe infusion pumps.
By End User
The veterinary infusion pump market is segregated into veterinary hospitals, veterinary clinics and others. The veterinary hospitals segment dominated the global market in 2021. This was attributed to rise in number of veterinary hospitals to treat the animals due to increase in diseases among animals. However, veterinary clinics segment is expected to grow at the highest CAGR during the forecast period. This is attributed to rapid growth in the number of veterinary clinics to treat the animals, and availability of veterinary services.
By Region
The veterinary infusion pumps market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for a major veterinary infusion pumps market share in 2021, and is expected to maintain its dominance during the forecast period.
Presence of several major players, such as Avante Health Solutions, Digicare Biomedical Technology Inc, Grady Medical System Inc., and Leading Edge Veterinary Equipment and advancement in manufacturing technology of veterinary infusion pumps in the region drive the growth of the market. In addition, surge in ÑоnÑеrn аmоng реорlе fоr mаіntаіnÑ–ng а hеаlthу lÑ–fеѕtуlе of animals which Ñ–nÑrеаѕеѕ thе dеmаnd fоr veterinary infusion pumps in the region, which is ехреÑtеd tо Ñ€rореl the grоwth оf thе mаrkеt. Furthermore, presence of well-established animal healthcare infrastructure, and rise in adoption rate of large volume veterinary infusion pumps are expected to drive the market growth. Furthermore, partnership as key strategy adopted by the key players in this region further boost the growth of the market. Moreover, rise in pet adoption in this region further supports the market growth. For instance, In December 2020, society for prevention of cruelty to animals LOS Angeles stated that adoption rate of had doubled in June 2020 with increase in adoption of pets around 10 to 13 pets per day.
Asia-Pacific expected to grow at the highest rate during the veterinary infusion pumps market forecast. The market growth in this region is attributable to presence of key players in the region. Moreover, rise in adoption of companion animals drive the growth of the market. Australia has one of the highest rates of pet ownership in the world. For instance, according to Australian Companion Animal Health Foundation, around 24 million pets (companion animals) in Australia with many households' to more than one pet. Furthermore, presence of research organizations such as Australian Companion Animal Health Foundation (ACAHF) works to improve the pet health that investigate diseases that are common in companion animals, especially in cats and dogs is expected to provide remunerative opportunity for market expansion during the forecast period. Asia-Pacific offers profitable opportunities for key players operating in the veterinary infusion pumps market, thereby registering the fastest growth rate during the forecast period, owing to the growing infrastructure of industries, rising disposable incomes, as well as well-established presence of domestic companies in the region. In addition, rise in contract manufacturing organizations within the region provides great opportunity for new entrants in this region.
Competition Analysis
Competitive analysis and profiles of the major players in the veterinary infusion pumps industry, such as Avante Health Solutions, B. Braun SE, Burtons Medical Equipment Ltd, Digicare Biomedical Technology Inc, Eitan Medical Ltd., Grady Medical System Inc, Heska Corporation, Leading Edge Veterinary Equipment, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, and Opto Circuits (India) Ltd. are provided in this report. There are some important players in the market such as Hawkmed, Primetech Corporation, DuMPro Inc. and others. Major players have adopted product launch, product approval and partnership as key developmental strategies to improve the product portfolio of the veterinary infusion pumps market.
Some examples of partnership in the market
In April 2021, DRE Veterinary has adopted the new name Avante Animal Health which announced the partnership with Avante Health Solutions to expands access for previously available equipment such as CT, MRI, and veterinary imaging equipment.
In March 2021, DumPro Inc., entered into a new partnership with MTMC Animal Haelth.
Product approval in the market
In January 2021, Eitan Medical System, Inc. announced the upgraded Sapphire infusion pump system software Rev15, which includes the infusion pump, administration sets, and accessories, received the United States Food and Drug Administration (FDA) clearance.
Product Launches in the market
In May 2022, Hawkmed launched a new touch screen vet infusion pump HK-T1000VET.
In May 2019, Primetech Corporation launched a PPRCIO programmable pump for drug deliver in mice cats, and large animals. This pump has versatile programme function and has refillable reservoir which enables full control over dosing.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the veterinary infusion pumps market analysis from 2021 to 2031 to identify the prevailing veterinary infusion pumps market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the veterinary infusion pumps market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global veterinary infusion pumps market trends, key players, market segments, application areas, and market growth strategies.
Veterinary Infusion Pumps Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 110.8 million |
 Growth Rate | CAGR of 3.8% |
 Forecast period | 2021 - 2031 |
 Report Pages | 210 |
 By Type |
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 By End User |
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 By Region |
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 Key Market Players | Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Avante Health Solutions, Heska Corporation, Leading Edge Veterinary Equipment, Opto Circuits (India) Ltd., Eitan Medical Ltd., Digicare Biomedical Technology Inc., Burtons Medical Equipment Ltd, Grady Medical System Inc., B. Braun SE |
Analyst Review
This section provides various opinions of top-level CXOs in the global veterinary infusion pumps market. According to the insights of CXOs, the global veterinary infusion pumps market is expected to exhibit high growth potential attributable to factors such as rise in adoption of veterinary infusion pumps and increase in technological advancements in veterinary infusion pumps. In addition, surge in companion animal population along with rise in awareness about animal health in developed countries.
Furthermore, the market growth is driven by increase in animal diseases. In addition, increase in awareness regarding emerging techniques and advancements in devices associated with veterinary infusion pumps are expected to impel growth of the veterinary infusion pumps market in the future.
However, North America is expected to witness highest growth, in terms of revenue, rise in prevalence of animal diseases and rise in adoption pets in this region and higher awareness among people regarding management of animal health. On the other hand, Asia-Pacific is expected to grow at a prominent CAGR during the forecast period, owing to surge in investments by key market players and availability of resources in this region than in developed regions contribute to the growth of the market.
Surge in adoption of companion animals, increase in prevalence of chronic diseases among animals, and rise in awareness regarding animal health are the factors responsible for market growth.
The large volume infusion pumps segment is the most influencing segment owing to preferable use of large volume infusion pumps, ease of handling, advanced features and cost efftive pumps.
North America is the largest regional market for Veterinary Infusion Pumps
The total market value of the veterinary infusion pumps market was $105,224.6 thousand in 2021.
Top companies such as Heska Corporation, B. Braun SE, Eitan Medical Ltd., Digicare Biomedical Technology Inc., and Avante Health Solutions held a high market share in 2021.
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