Veterinary Eye Care Market

Veterinary Eye Care Market Size

Veterinary Eye Care Market size was valued at USD 67.4 billion in 2023 and is expected to grow at a CAGR of 3.5% between 2024 and 2032, attributed to increasing awareness among pet owners about the importance of eye health in animals leading to a higher demand for diagnostic and therapeutic eye care products.

Additionally, advancements in veterinary ophthalmology have resulted in more effective treatment options, further driving market growth. The rise in pet ownership, particularly in urban areas, is also contributing to the expansion of the veterinary eye care market, as more pet owners seek specialized care for their animals. Furthermore, the growing availability of veterinary eye care products and pet care services, along with the expanding network of veterinary hospitals and clinics, is fuelling market growth by improving access to eye care for animals.

Veterinary eye care refers to the specialized field of veterinary medicine focused on the diagnosis, treatment, and management of eye conditions and diseases in animals. Veterinarians are trained to identify and treat a wide range of ocular issues, including infections, injuries, cataracts, glaucoma, and retinal diseases.

Veterinary Eye Care Market Trends

• Rising incidence of eye disorders in pets is a significant driver of the veterinary eye care industry. For instance, as per a study published in the MSD Veterinary Manual, glaucoma is a significant concern in dogs, affecting nearly 2% of dogs in North America, with some breeds having a higher incidence rate than others.
  
• Factors such as genetics, age, environmental factors, and underlying health conditions such as diabetes can contribute to the development of these disorders.
  
• Further, as more people embrace pets as integral members of their families, the demand for comprehensive veterinary services, including eye care, has risen.
  
• Additionally, pet owners are becoming more aware of the importance of preventive care, leading to regular eye examinations and early detection of potential issues. This trend has fueled the growth of the market, prompting advancements in diagnostic tools and treatments tailored to animal’s unique ocular needs.
  

Veterinary Eye Care Market Analysis

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Based on the product & services, the market is segmented into veterinary eye care products and veterinary eye care services. The product segment is further categorized into diagnostic and treatment products. The product segment dominated around USD 43.9 billion revenue in 2023.

• High demand for veterinary eye care products can be attributed to the rising awareness among pet owners regarding the importance of eye health in animals and the increasing prevalence of eye disorders in pets.
  
• Additionally, advancements in veterinary ophthalmology have led to the development of innovative products that offer effective solutions for various eye conditions in animals.
  
• These factors, coupled with the expanding pet population globally, have contributed to the high market share of products catering to veterinary eye care.
  

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Based on animal type, the veterinary eye care market is segmented into canine, feline, equine, bovine, and other animal type. The canine segment accounted for 37.9% of the market share in 2023.

• Dogs are one of the most common pets globally, leading to a larger patient pool requiring eye care.
  
• Additionally, the prevalence of eye conditions such as cataracts, glaucoma, and dry eye syndrome in dogs further drives the demand for veterinary eye care products and services.
  
• Moreover, advancements in veterinary ophthalmology, including innovative treatments and surgical procedures, have contributed to the growth of this segment.
  

Based on indication, the veterinary eye care market is classified into eyelid abnormalities, cataract, glaucoma, retinal disorders, uveitis, conjunctivitis, corneal ulcers, and other indications. The eyelid abnormalities segment is poised to reach USD 20.3 billion by 2032.

• Eyelid abnormalities are relatively common in animals, particularly in certain breeds, and can range from minor issues to more serious conditions requiring surgical intervention. For instance, in dog’s upper eyelid masses are more common than lower eyelid masses, with the upper lateral eyelid being the most common site for masses. Further, female spayed dogs have a higher prevalence of eyelid masses.
  
• Additionally, increasing awareness among pet owners and rising eye check-ups of their animals has led to early detection and treatment of eyelid abnormalities.
  
• Moreover, advancements in surgical techniques and technologies have made eyelid surgery safer and more effective, encouraging more veterinarians to offer these services.
  

Based on end-use, the veterinary eye care market is classified into veterinary hospitals, diagnostic laboratories, and other end-users. The end-use segment is equivalent to the market size of veterinary care services, diagnostic products, lenses, and laser devices of the products & services segment. The veterinary hospitals segment is anticipated to expand at a CAGR of 3.6% from 2024 to 2032.

• Veterinary hospitals are equipped to provide specialized ophthalmic diagnosis and treatment, allowing for comprehensive eye examinations and advanced treatments. This attracts pet owners seeking specialized care for their pets' eye conditions.
  
• Additionally, veterinary hospitals often have access to a wide range of veterinary ophthalmologists and specialists, providing a higher level of expertise and care.
  
• Furthermore, veterinary hospitals provide emergency eye care services, ensuring that pets receive immediate treatment for acute eye conditions, such as corneal ulcers or trauma. All these factors make them prominent end-users in the veterinary care market.
  

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North America veterinary eye care market held over 43.4% revenue share in 2023 and is expected to surpass USD 39 billion by 2032.

• High regional growth is owing to the region's advanced healthcare infrastructure, robust veterinary services, and a high level of pet adoption in the region, which drives the demand for comprehensive pet healthcare.
  
• Additionally, the presence of key market players and ongoing technological advancements in veterinary ophthalmology further contribute to the region's market growth.
  
• Further, rising awareness among pet owners regarding the importance of regular eye check-ups and the availability of a wide range of veterinary eye care products and services, further enhances the market growth.
  

Veterinary Eye Care Market Share

The veterinary eye care industry is characterized by the presence of established players offering a range of medications, diagnostic products, and other devices for veterinary eye care. Key players compete on factors such as product efficacy, safety profile, pricing, distribution networks, and brand reputation. Continuous focus on innovation, strategic partnerships, and mergers and acquisitions are common strategies employed to gain a competitive edge in this dynamic and evolving market. Collaboration between veterinary professionals and industry stakeholders drives innovation, ensuring optimal eye care for pets worldwide.

Veterinary Eye Care Market Companies

Prominent players operating in the veterinary eye care industry are as mentioned below:

• An-Vision GmbH
• Bausch & Lomb Inc.
• Boehringer Ingelheim International GmbH
• Ceva Sante Animale
• Dechra Pharmaceuticals PLC
• IRIDEX Corporation
• I-Med Animal Health
• LKC Technologies, Inc.
• Neuronix Ltd.
• OptoMed
• Reichert, Inc.
• Zoetis Services LLC
  

Veterinary Eye Care Industry News

• In October 2022, Bausch & Lomb Corporation introduced Project Watson, a line of dog health products, to the U.S. market. This new product line is designed to support dogs' eyes, ears, and general well-being using premium and naturally derived ingredients. The eye care products consist of an eye wash solution and eyelid wipes that help cleanse and hydrate around the eyes, removing excess buildup associated with irritation and dryness. This helped the company widen its offerings in the veterinary eye care market.
  
• In February 2021, Reichert Technologies introduced the Tono-Vera Vet Tonometer with ActiView positioning system. This innovative tonometer for the veterinary industry utilizes rebound tonometer technology, eliminating the need for topical anaesthetics. This helped the company expand its product portfolio.
  

The veterinary eye care market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 - 2032 for the following segments:

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Market, By Product & Services

• Veterinary care products
  • Diagnosis
    • Tonometer
    • Ophthalmic test kits
    • Electroretinogram (ERG)
    • Fundus camera
    • Ophthalmoscope
    • Pachymeter
    • Other diagnostic products
  • Treatment
    • Drugs
      • By drug type
        • Antibiotics
        • NSAIDs
        • Corticosteroids
        • Other drugs
      • By route of administration
        • Oral
        • Topical
        • Injectable
      • By distribution channel
        • Veterinary hospitals pharmacies
        • Retail drug stores
        • Pet specialty stores
        • E-commerce
    • Lenses
      • Bandage lenses
      • Intraocular lenses
    • Laser devices
• Veterinary care services

Market, By Animal Type

• Canine
• Feline
• Equine
• Bovine
• Other animal type

Market, By Indication

• Eyelid abnormalities
• Cataract
• Glaucoma
• Retinal disorders
• Uveitis
• Conjunctivitis
• Corneal ulcers
• Other indications

Market, By End-use

• Veterinary hospitals
• Diagnostic laboratories
• Other end-users

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • Rest of Middle East and Africa