Veterinary Monitoring Equipment Market size to cross USD 1.3 Billion by 2034

Selbyville, DE. - The global veterinary monitoring equipment market was estimated at USD 568 million in 2024 and is expected to grow from USD 614.3 million in 2025 to USD 1.3 billion by 2034, at a CAGR of 9.1% according to the latest report published by Global Market Insights Inc.  

The growing number of pet owners, especially in urban and developed regions, is increasing demand for high-quality veterinary care. As people view pets as family members, they are more willing to invest in advanced monitoring tools to ensure better health outcomes.

Key Insights:

Market Size & Growth:

• 2024 Market Size: USD 568 million
• 2025 Market Size: USD 614.3 million
• 2035 Forecast Market Size: USD 1.3 billion
• CAGR (2025–2034): 9.1%  

Regional Insights:

• Largest Market: North America
• Fastest Growing Market: Asia Pacific
• Emerging Countries: India, Brazil, Mexico, South Africa  

Key Growth Drivers:

1. Increasing incidence of animal diseases and surgeries: With the rising prevalence of chronic conditions, infections, and surgical procedures in animals, continuous monitoring has become essential.  
2. Growth of veterinary clinics and specialty hospitals: The expansion of veterinary infrastructure, including multi-specialty hospitals and dedicated animal ICUs, is boosting the adoption of advanced monitoring systems.  
3. Technological advancements in monitoring devices: Modern veterinary monitors are becoming more compact, portable, and user-friendly, with features like wireless connectivity, data recording, and multi-parameter tracking.  
4. Growing demand for livestock health management: In the livestock sector, monitoring equipment is being used to track the health and productivity of animals, helping farmers reduce disease outbreaks and optimize breeding cycles.  
5. Increased focus on preventive veterinary care: Veterinarians and pet owners. Owners are placing more emphasis on early disease detection and wellness checks.  

Key Players:

• Midmark led the market with over 12% share in 2024.  
• Some of the top players in this market include Masimo, IDEXX Laboratories, Midmark, and ICU Medical, which together held a 50% share in 2024.  

Key Challenges

1. High cost of advanced monitoring equipment: Veterinary monitoring systems, especially multi-parameter or specialized devices, can be expensive, making them less accessible for small or independent clinics.  
2. Limited skilled workforce and training gaps: Operating advanced veterinary monitoring equipment requires technical knowledge and clinical expertise.  
3. Fragmented market and lack of standardization: The veterinary market is highly fragmented, with wide variation in clinic size, patient types, and available resources.  
4. Low awareness in emerging markets: In many developing regions, awareness about the benefits of real-time monitoring and diagnostics in animal care is still limited.  
5. Regulatory and compliance hurdles: While less stringent than human healthcare, veterinary equipment still faces regulatory scrutiny for safety and efficacy.  

Browse key industry insights spread across 140 pages with 190 market data tables and figures from the report, “Veterinary Monitoring Equipment Market Size - By Type, By Application, By Animal Type, By Price Tier, By End Use - Global Forecast, 2025 - 2034” in detail, along with the table of contents:

https://www.gminsights.com/industry-analysis/veterinary-monitoring-equipment-market  

Rising use of Vital Sign Monitors

The veterinary monitoring equipment market from vital sign monitors segment held a notable share in 2024, owing to its essential role in tracking an animal’s core health indicators, including heart rate, blood pressure, temperature, and oxygen saturation. These devices are used across a range of settings from routine checkups to surgeries and intensive care units making them indispensable in modern veterinary practice. With increasing demand for early disease detection and preventive care, clinics are adopting multi-parameter monitors that deliver real-time data and integrated analytics.  

Growing Demand for Respiratory Monitors

The respiratory monitoring segment will grow at a decent CAGR during 2025-2034 as veterinarians manage rising cases of respiratory illnesses in pets and livestock. Devices like capnography and spirometers are used to assess ventilation, gas exchange, and overall lung function, especially during anesthesia and post-operative recovery. With more complex surgical procedures being performed on animals, accurate respiratory monitoring is crucial for minimizing complications.  

Rising Prevalence Among Small Companion Animals

The small companion animals segment held a significant share in 2024, driven by increasing pet adoption and the humanization of pets. Pet owners are more willing to invest in high-quality medical care, including advanced monitoring during surgeries, chronic disease management, and preventive exams. Veterinary clinics are equipping their facilities with monitors specifically calibrated for smaller species, ensuring accurate readings and minimal discomfort.  

North America to Emerge as a Lucrative Region

North America veterinary monitoring equipment market will grow at a decent CAGR during 2025-2034, backed by advanced veterinary infrastructure, high pet ownership rates, and a strong focus on animal wellness. The U.S. has seen rising demand for diagnostic technologies in both urban clinics and rural livestock facilities. This regional market benefits from early adoption of digital health tools, robust distribution networks, and favorable reimbursement trends for veterinary procedures. Leading players are enhancing their market position by expanding their presence in academic veterinary hospitals, rolling out cloud-connected monitoring solutions, and providing tailored service contracts to veterinary chains.  

Major players in the veterinary monitoring equipment market are Masimo, Vetland Medical, ICU Medical, Digicare Animal Health, Mindray Animal Health, Bionet America, Burtons Veterinary, Midmark, Medtronic, Avante Animal Health, Hallmarq Veterinary Imaging, Dextronix, Nonin, and IDEXX Laboratories.  

To gain a competitive edge in the veterinary monitoring equipment market, companies are focusing heavily on product innovation, strategic partnerships, and targeted customer engagement. Many are developing compact, multi-parameter monitors with wireless connectivity and real-time data integration to support efficient diagnostics across a variety of clinical settings.