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Base Year: 2024
Companies covered: 15
Tables & Figures: 190
Countries covered: 19
Pages: 140
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2025, September. Veterinary Monitoring Equipment Market Size - By Type, By Application, By Animal Type, By Price Tier, By End Use - Global Forecast, 2025 - 2034 (Report ID: GMI5943). Global Market Insights Inc. Retrieved September 23, 2025, from https://www.gminsights.com/industry-analysis/veterinary-monitoring-equipment-market
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Veterinary Monitoring Equipment Market
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Veterinary Monitoring Equipment Market Size
The global veterinary monitoring equipment market was estimated at USD 568 million in 2024. The market is expected to grow from USD 614.3 million in 2025 to USD 1.3 billion in 2034, at a CAGR of 9.1% according to the latest report published by Global Market Insights Inc.
The rising demand for advanced veterinary solutions, pet ownership, and growing awareness of animal health are primarily escalating the market growth of veterinary monitoring equipment. The changing veterinary medicine standards, and the need for accurate, real-time monitoring tools has become essential that further stimulated the market demand. These devices are critical in surgical procedures, intensive care, chronic disease management, and preventive diagnostics. According to the American Veterinary Medical Association (AVMA), over 94 million of U.S. household’s own pets, and global spending on veterinary services has been rising continuously. Additionally, the expansion of veterinary hospitals, mobile clinics and specialty care centers is also stimulating the demand for monitoring solutions.
Veterinary monitoring equipment is defined as a category of medical devices specifically designed to track the physiological parameters of animals in clinical and also surgical settings. These monitoring equipment’s include multiparameter patient monitoring, ECG machines, pulse oximeters, capnographs, and wearable telemetry systems. The equipment is used to monitor vital signs such as heart rate, respiratory rate, blood pressure, oxygen saturation, and temperature. These tools are essential for ensuring safe anesthesia, managing critical care cases, and supporting diagnostics in both routine and emergency veterinary care. Veterinary monitoring equipment is tailored for various animal types including small animals, large animals, and exotic species.
The veterinary monitoring equipment market grew from USD 444.5 million in 2021 to USD 522.8 million by 2023. This growth is attributed to the rising prevalence of chronic conditions in pets such as heart disease, diabetes, and respiratory disorders, along with increasing surgical procedures and post-operative care. Technological advancements such as wireless monitoring, AI-powered diagnostic platforms, and cloud-based data integration are enhancing the precision and accessibility of veterinary care. The adoption of wearable monitors and remote telemetry systems is expanding the scope of home-based and mobile veterinary services.
Moreover, the rising demand for pet insurance and pet spending has further escalated the market demand. Additionally, the increasing prevalence has led to zoonotic and transboundary diseases that further contribute to the market. For example, according to the report published by the NIH, 60% of the human infectious diseases are similar to animal infections. In addition, they mentioned 75% infections caused are zoonoses. The increasing number of companion animals specially dogs and cats are stimulating the market growth. For example, Statista mentioned 33 million dog population in India which would rise till 51 million in 2028. Additionally, the growing pet ownership and increased focus on pet care is expanding the market growth. According to the health for animals, more than half of the global population are estimated to have at least one pet.
The market is also driven by the increasing use of multiparameter monitors in surgical and ICU settings, and the growing demand for capnography devices and pulse oximetry during anesthesia. Innovations in non-invasive monitoring, real-time data analytics, and portable devices are making veterinary care more efficient and scalable. Moreover, the integration of electronic medical records (EMR) and AI-based clinical decision support tools is transforming how veterinarians diagnose and treat animals.
However, challenges such as high equipment costs, limited access in rural areas, and lack of skilled personnel in developing regions persist. These barriers are being addressed through government initiatives, veterinary education programs, and public-private partnerships aimed at improving infrastructure and access to advanced care. North America dominates the market due to its robust veterinary ecosystem, while Asia-Pacific is the fastest-growing region, driven by rising pet adoption, expanding veterinary networks, and increasing awareness of animal welfare.
12% market share
Collective market share in 2024 is 50%
Veterinary Monitoring Equipment Market Trends
The veterinary monitoring equipment industry is undergoing a transformation driven by macro-level shifts in pet healthcare and micro-level advancements in veterinary technology. Rising pet ownership, increasing prevalence of chronic animal diseases, and growing demand for precision diagnostics are stimulating the need for advanced monitoring tools. The market is evolving with AI-integrated devices, wearable technologies, and digital veterinary platforms, all focused on improving animal outcomes and expanding access to quality care.
Veterinary Monitoring Equipment Market Analysis
The global market for veterinary monitoring equipment was valued at USD 444.5 million in 2021. The market size reached USD 522.8 million in 2023, from USD 481.7 million in 2022.
Based on type, the market is categorized into vital sign monitors, capnography and oximetry systems, anesthesia monitors, ECG and EKG monitors, magnetic resonance imaging (MRI) systems and other veterinary monitoring equipment. The vital sign monitors segment accounted for 34.3% of the market in 2024. The growth of the segment is contributed by the rising demand for continuous physiological monitoring, improved clinical protocols, and increased adoption in both routine and surgical care. The segment is expected to exceed USD 466.5 million by 2034, growing at a CAGR of 9.2% during the forecast period.
Based on the application, the veterinary monitoring equipment market is segmented into weight and temperature monitoring, cardiology, respiratory, neurology, multi-parameter monitoring and other applications. The respiratory segment accounted for the highest market share of 31.3% in 2024 due to its rising prevalence of respiratory diseases in pets.
Based on animal type, the veterinary monitoring equipment market is segmented into small companion animals, large animals and exotic animals. The small companion animals segment accounted for the highest market share of 60.3% in 2024 as they are more susceptible to the diseases. The small companion animals segment is further bifurcated into dogs, cats and other small companion animals.
Based on price tier, the veterinary monitoring equipment market is categorized into economic, mid-range and premium. The segment economic accounted for the highest market share of 34.5% in 2024 due to the increasing demand for affordability, rising adoption in small and mid-sized veterinary clinics and consumer behaviour.
Based on end use, the veterinary monitoring equipment market is categorized into veterinary clinics and diagnostic centers, veterinary hospitals, research institutes and other end users. The segment veterinary hospitals accounted for the highest market share of 53.1% in 2024 due to their easy availability and convenience, hospitals are a primary channel in the market.
The North America veterinary monitoring equipment market dominated a market share of 39.9% in 2024. The market is stimulated by the rising incidence of animal health disorders and increased investment in veterinary research and precision animal care. Advancements in monitoring technologies and targeted treatments, along with a growing focus on personalized veterinary care, also support market growth.
The U.S. veterinary monitoring equipment market was valued at USD 162.8 million and USD 175.5 million in 2021 and 2022, respectively. The market size reached USD 204.9 million in 2024, growing from USD 189.5 million in 2023.
Europe Veterinary Monitoring Equipment Market
Europe market accounted for USD 157.3 million in 2024 and is anticipated to show lucrative growth over the forecast period.
Germany Veterinary Monitoring Equipment Market
Germany market for veterinary monitoring equipment is anticipated to witness considerable growth over the analysis period.
Asia Pacific Veterinary Monitoring Equipment Market
The Asia Pacific market is anticipated to grow at the highest CAGR of 9.6% during the analysis timeframe.
China Veterinary Monitoring Equipment Market
China market is predicted to grow significantly over the forecast period.
Latin America Veterinary Monitoring Equipment Market
Brazil is experiencing significant growth in the Latin America market due to the increasing chronic diseases in veterinary animals.
Middle East and Africa Veterinary Monitoring Equipment Market
Saudi Arabia market is poised to witness substantial growth in Middle East and Africa veterinary monitoring equipment during the forecast period.
Veterinary Monitoring Equipment Market Share
Leading companies such as Midmark, Masimo, ICU Medical, and IDEXX Laboratories collectively hold between 45-55% of the global veterinary monitoring equipment industry share. These firms maintain dominance through diverse product portfolios, strategic veterinary partnerships, regulatory expertise, and continuous innovation in monitoring technologies. Midmark holds a strong competitive advantage with its vital signs and anesthesia monitoring systems, widely adopted across routine and surgical veterinary care settings.
Masimo supports global veterinary monitoring with its capnography and pulse oximetry solutions, enabling precision diagnostics and real-time monitoring. ICU Medical has gained market traction with its multi-parameter monitors and infusion systems, offering reliable performance in critical care and surgical environments. IDEXX Laboratories leads the veterinary diagnostics segment, supported by expanding capabilities in point-of-care testing and integrated monitoring platforms. The company’s focus on data-driven care and cloud-based solutions strengthens its market position.
New entrants and niche players such as Avante Animal Health, Bionet America, Burtons Veterinary, Dextronix, Digicare Animal Health, Hallmarq Veterinary Imaging, Medtronic, Mindray Animal Health, Nonin, Vetland Medical, and Vetronic Services are disrupting the market with innovative devices and specialized monitoring systems. Their emphasis on species-specific solutions, modular designs, and regional distribution networks position them as agile competitors in the evolving landscape of veterinary care technology. Meanwhile, companies such as Medtronic, Nonin, and Vetland Medical contribute to broader vital signs and anesthesia monitoring categories, supporting expanded access and therapeutic options across diverse veterinary settings.
Veterinary Monitoring Equipment Market Companies
prominent key players operating in the veterinary monitoring equipment industry includes:
Midmark leads the veterinary monitoring equipment industry with a share of 12% in 2024. Midmark leads the market with its comprehensive suite of vital signs and anesthesia monitoring systems, widely adopted across general practice and surgical veterinary settings. Its strength lies in clinical reliability, ergonomic design, and integration with workflow-enhancing tools. Midmark’s commitment to practice efficiency, real-time monitoring, and scalable solutions makes it a trusted partner for veterinary hospitals and clinics globally.
Masimo holds a strong position with its advanced pulse oximetry and capnography technologies, enabling non-invasive, continuous monitoring in both routine and critical care environments. Its dual focus on sensor innovation and data accuracy supports personalized veterinary care. Masimo’s emphasis on early detection, compact device design, and connectivity enhances its appeal among mobile veterinary units and specialty practices.
ICU Medical drives market growth with its multi-parameter monitors and infusion systems, offering robust performance in intensive care and surgical applications. Its approach to modular monitoring, durable hardware, and patient-centric design positions it as a leader in long-term veterinary care and emergency response strategies. The company’s global reach and focus on clinical safety further strengthen its market presence.
IDEXX Laboratories dominates the veterinary diagnostics and monitoring segment, backed by its integrated platforms for real-time data analysis, cloud-based reporting, and point-of-care testing. Its focus on early disease detection, digital health integration, and evidence-based care gives it a competitive edge in preventive veterinary medicine. IDEXX’s leadership in connected care ecosystems and practice management solutions reinforces its role in transforming veterinary workflows.
Veterinary Monitoring Equipment Market News
The veterinary monitoring equipment market research report includes in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 - 2034 for the following segments:
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Market, By Type
Market, By Application
Market, By Animal Type
Market, By Price Tier
Market, By End Use
The above information is provided for the following regions and countries: