Veterinary Medical Devices

Veterinary Medical Devices is an emerging and developing industry, benefiting from higher rates of pet ownership, improved expectations of animal healthcare, and improvements in diagnostic and therapeutic devices. The rise of sophisticated diagnostic imaging technologies, surgical devices, and monitoring devices is providing veterinarians with greater capacity and improving the quality of care and treatment for both companion and livestock animals (MDPI).

The use of long-acting injectable drug delivery systems in veterinary medicine has become prominent, and products based on microsphere formulations and biodegradable polymers can improve patient compliance and therapeutic effectiveness.

Our extensive veterinary medical devices report covers varied equipment types, revolutionizing animal healthcare. The veterinary equipment and supplies market was projected to be valued at USD 2.1 billion in 2022 and will reach USD 4.5 billion by 2032, at a rate of 8.2% CAGR. The veterinary surgery equipment sector exhibits remarkable growth, worth USD 1.6 billion in 2024 and projected to increase from USD 1.7 billion in 2025 to USD 3.1 billion in 2034 at 7.1% CAGR, fueled by mounting surgical procedures and minimally invasive surgery adoption.

Enhanced imaging technology is a key impetus for growth as the veterinary CT imaging stood at USD 264.2 million in 2022, growing at an estimated CAGR of 6 percent over the period of 2032. Diagnostic devices are growing tremendously, especially in the veterinary point of care diagnostics market, which had an estimated market value of USD 1.7 billion in 2022, and is expected to grow at more than 9.4 percent CAGR from 2023 to 2032.

Supporting device categories include specific endoscopic devices for minimal invasiveness, advanced critical care monitoring devices, and ultrasound devices showing widespread acceptance by veterinary clinics. Adoption of technology, including AI, portable diagnostics, and advanced imaging, is reshaping veterinary medical device use and enabling evidence-based veterinary medicine by allowing improved diagnostics, the specificity of treatment, and patient outcomes.