Global Veterinary Monitoring Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Vital Signs Monitor, Anesthesia Monitor, and ECG Monitor.By Animal Type;
Small Companion Animals - Dogs and Cats, Large Animals - Equines and Other Large Animals, Other Animals.By End User;
Veterinary Clinics & Diagnostic Centers, Veterinary Hospitals and Research Institutes.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Veterinary Monitoring Equipment Market (USD Million), 2021 - 2031
In the year 2024, the Global Veterinary Monitoring Equipment Market was valued at USD 525.03 million. The size of this market is expected to increase to USD 1,023.13 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.0%.
The global veterinary monitoring equipment market is a crucial segment within the broader healthcare technology landscape, focused specifically on enhancing the care and well-being of animals. This market encompasses a wide range of sophisticated devices designed to monitor vital signs, detect abnormalities, and aid in the diagnosis and treatment of various medical conditions in animals. Veterinary monitoring equipment includes devices such as vital sign monitors, anesthesia monitors, ECG machines, and temperature management systems, among others.
Key drivers of growth in this market include the increasing adoption of pets and companion animals worldwide, coupled with rising awareness among pet owners regarding the importance of preventive healthcare for animals. Technological advancements in veterinary monitoring equipment, such as the development of portable and wireless devices that enable real-time monitoring and remote diagnostics, are also contributing to market expansion. Furthermore, the growing prevalence of chronic diseases in animals, similar to those seen in humans, necessitates the use of advanced monitoring solutions to manage these conditions effectively.
Geographically, North America and Europe are prominent markets for veterinary monitoring equipment, driven by a high level of pet ownership and advanced veterinary healthcare infrastructure. Emerging economies in Asia Pacific and Latin America are witnessing rapid growth in this sector due to increasing disposable income, urbanization, and a shift towards more comprehensive veterinary care standards. Overall, the veterinary monitoring equipment market is poised for continued expansion as technological innovation and awareness of animal health continue to evolve globally.
Global Veterinary Monitoring Equipment Market Recent Developments
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In April 2019, Agfa signed an agreement with Universal Imaging, a multi-modality veterinary provider, to provide high-quality, low-dose imaging in the North American veterinary market. This helped Agfa extend its footprint in the US and Canadian markets for veterinary supplies.
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In January 2018, Hallmarq Veterinary Imaging, Ltd. (UK), opened its new North American headquarters in West Chicago, to fulfill the rapidly growing standing equine and small animal MRI business in the US and Canada.
Segment Analysis
The global veterinary monitoring equipment market has been segmented by type, animal type, end user, and geography, reflecting the diverse needs and growing demand for advanced monitoring solutions in veterinary healthcare. By type, the market includes equipment used to monitor vital signs such as heart rate, temperature, respiration, and blood pressure, along with more specialized devices like ECG machines, pulse oximeters, and capnographs. These products are essential in ensuring timely diagnosis and effective treatment in both routine and emergency situations. Advances in veterinary monitoring technology, such as wireless and portable devices, are driving the growth of this segment. The increasing adoption of advanced monitoring systems, particularly in companion animals, is contributing to the overall expansion of the market.
The animal type segmentation categorizes the market into small companion animals, large animals, and other animals. Small companion animals, such as dogs and cats, make up the largest portion of the market due to the growing trend of pet humanization, which leads to higher investments in their healthcare. These animals require constant monitoring, particularly during surgeries, post-surgery recovery, or when undergoing critical care. Large animals, including horses, cattle, and livestock, require specialized monitoring equipment to track vital signs during intensive care or routine check-ups. These animals play a significant role in agriculture and livestock industries, driving demand for equipment that helps maintain their health and productivity. The "other animals" segment covers exotic pets, zoo animals, and wildlife, which require customized monitoring solutions due to their diverse physiological needs. Although smaller in comparison, this segment is growing with the increasing number of exotic pet owners and wildlife conservation efforts.
In terms of end users, the veterinary monitoring equipment market is segmented into veterinary hospitals, veterinary clinics, research institutes, and other healthcare facilities. Veterinary hospitals and clinics are the primary users of monitoring equipment, as they provide routine and emergency care for both companion and large animals. These facilities require state-of-the-art equipment to ensure accurate monitoring and effective treatment. Research institutes also use veterinary monitoring equipment for animal studies and clinical trials, which often involve close observation of animals’ health under various conditions. The “other” end-user category includes diagnostic laboratories, animal shelters, and farms, where monitoring equipment is used to maintain animal health in large populations or specialized settings.
Geographically, the global veterinary monitoring equipment market is influenced by trends and demand across various regions. North America holds a significant share of the market, driven by advanced veterinary care standards, a high level of pet ownership, and a well-established healthcare infrastructure. Europe also plays a prominent role in the market, with a strong focus on animal welfare and veterinary technology innovation. The Asia-Pacific region is expected to see rapid growth, fueled by increasing disposable income, rising pet ownership, and expanding agricultural and livestock sectors. The demand for veterinary monitoring equipment is also growing in Latin America and the Middle East, where improving veterinary care standards and the rising awareness of animal health are contributing to market growth.
Global Veterinary Monitoring Equipment Segment Analysis
In this report, the global veterinary monitoring equipment market has been segmented by Type, Animal type, End user and geography.
Global Veterinary Monitoring Equipment Market, Segmentation by Type
The Global Veterinary Monitoring Equipment Market has been segmented by Type into Small Companion Animals - Dogs and Cats, Large Animals - Equines and Other Large Animals, and Other Animals.
The small companion animal segment, which primarily includes dogs and cats, is the largest segment of the market. This is driven by the rising pet ownership globally and the increasing awareness about animal health and welfare. Small companion animals often require monitoring equipment for a variety of purposes, such as monitoring heart rate, respiratory rate, temperature, and other vital signs during routine check-ups, surgeries, or emergencies. As more pet owners seek advanced care for their pets, there is a growing demand for sophisticated monitoring equipment like ECG machines, pulse oximeters, and blood pressure monitors to ensure the well-being of these animals.
The large animal segment includes equines, such as horses, and other large animals, such as cattle and livestock. Monitoring large animals requires specialized equipment due to their size and unique physiological characteristics. This segment is essential for the veterinary care of working animals, farm animals, and those in the agricultural sector. Equines, in particular, require regular monitoring for vital signs, especially during intensive treatments, surgeries, or post-surgery recovery. Veterinary monitoring equipment in this segment includes tools like heart monitors, temperature probes, and respiratory monitors, which are crucial for ensuring the health and productivity of these animals. Additionally, large animals in agriculture require monitoring equipment to track their health and prevent the spread of diseases, which is critical for maintaining herd health and maximizing productivity in livestock farming.
The "other animals" segment encompasses a diverse range of species that require veterinary monitoring, such as exotic pets, zoo animals, and wildlife. Although this segment is smaller compared to the companion and large animal segments, it remains important due to the specialized needs of these animals. Monitoring equipment for exotic pets or zoo animals often requires customization to account for the unique anatomy and health conditions of these species. For example, special heart rate monitors or temperature sensors may be necessary for different animal species, depending on their specific requirements. This segment is driven by the growing trend of wildlife conservation efforts and the increasing number of exotic pet owners, both of which require specialized veterinary care and monitoring equipment.
Together, these three segments—small companion animals, large animals, and other animals—highlight the diverse needs in veterinary monitoring. Each type of animal requires tailored equipment to ensure effective health monitoring and timely intervention. As veterinary care becomes increasingly advanced, the demand for high-quality monitoring equipment across all animal types is expected to grow, driven by trends in animal healthcare, technological advancements in medical equipment, and the increasing focus on animal welfare across the globe.
Global Veterinary Monitoring Equipment Market, Segmentation by Animal Type
The Global Veterinary Monitoring Equipment Market has been segmented by Animal Type into Small Companion Animals - Dogs and Cats, Large Animals - Equines and Other Large Animals, Other Animals.
This segment includes pets such as dogs, cats, and smaller animals like rabbits and guinea pigs. Veterinary monitoring equipment for companion animals often focuses on devices like digital thermometers, blood pressure monitors, ECG machines, and pulse oximeters tailored to their size and specific physiological parameters. The growing trend of pet ownership and increased spending on pet healthcare drive innovation in this segment, with a focus on non-invasive, user-friendly devices suitable for in-home use and veterinary clinics alike.
Livestock, which includes cattle, swine, poultry, and sheep, represents a significant segment in the veterinary monitoring equipment market. Monitoring systems for livestock often involve wearable sensors for tracking movement, temperature, and vital signs in large-scale farming operations. These systems aid in early disease detection, reproductive health management, and overall herd management, contributing to improved productivity and animal welfare. The demand for efficient monitoring solutions in livestock farming to optimize production and reduce losses due to health issues continues to drive innovation in this sector.
This category encompasses a range of animals, including equines (horses), exotic animals (such as zoo animals and wildlife), and laboratory animals. Each subgroup has unique requirements for monitoring equipment. For instance, equine veterinary monitoring may involve advanced systems for tracking heart rate, respiratory rate, and performance metrics during training and competition. Meanwhile, monitoring equipment for zoo and wildlife animals focuses on portable, rugged devices capable of remote monitoring in challenging environments. Laboratory animal monitoring equipment ensures precise control and monitoring of environmental conditions to support research integrity and animal welfare.
The segmentation of the global veterinary monitoring equipment market by animal type reflects the diversity of veterinary care needs across companion animals, livestock, and other specialized categories. Advancements in technology continue to drive the development of tailored monitoring solutions to improve animal health outcomes across these sectors.
Global Veterinary Monitoring Equipment Market, Segmentation by End User
The Global Veterinary Monitoring Equipment Market has been segmented by End User into Veterinary Clinics & Diagnostic Centers, Veterinary Hospitals and Research Institutes.
The global veterinary monitoring equipment market is segmented by end user into several key categories, each serving distinct needs within the veterinary healthcare sector. One of the primary segments includes veterinary hospitals and clinics. These facilities rely on advanced monitoring equipment to assess the health parameters of animals during surgeries, treatments, and general check-ups. The demand for accurate and real-time monitoring devices in these settings is driven by the need for precise diagnosis and effective treatment planning.
Another significant end user segment comprises veterinary research institutes and universities. These institutions utilize monitoring equipment for research purposes, conducting studies on animal behavior, physiology, and the effects of various treatments. The equipment used in these settings often includes sophisticated tools for data collection and analysis, contributing to advancements in veterinary science and animal welfare.
Veterinary emergency and critical care centers form a crucial segment within the market. These facilities require specialized monitoring equipment to manage critically ill or injured animals, providing continuous monitoring of vital signs such as heart rate, blood pressure, and temperature. The adoption of advanced monitoring technologies in emergency settings helps veterinarians make prompt decisions and improve patient outcomes.
The segmentation of the veterinary monitoring equipment market by end user reflects the diverse applications and specialized needs across different sectors of veterinary care, ranging from routine clinical practice to advanced research and emergency care. As technology continues to evolve, the market is expected to expand further, catering to the growing demand for precise and reliable monitoring solutions in veterinary medicine.
Global Veterinary Monitoring Equipment Market, Segmentation by Geography
In this report, the Global Veterinary Monitoring Equipment Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Veterinary Monitoring Equipment Market Share (%), by Geographical Region, 2024
The global veterinary monitoring equipment market is characterized by its geographical distribution, with key regions playing pivotal roles in its growth and development. North America stands out as a significant market due to its advanced healthcare infrastructure and high adoption rates of veterinary monitoring technologies. The region's strong emphasis on pet care and increasing expenditure on animal health contribute to its dominant position. Additionally, technological advancements in the United States and Canada drive continuous innovation in veterinary monitoring equipment, further bolstering market expansion.
Europe also holds a prominent share in the veterinary monitoring equipment market, driven by increasing pet ownership and stringent regulations ensuring animal welfare. Countries like the United Kingdom, Germany, and France are major contributors, supported by a well-established veterinary healthcare system and rising awareness about preventive animal healthcare. Moreover, ongoing research and development initiatives in veterinary diagnostics and monitoring technologies across Europe enhance the market's growth prospects.
In Asia-Pacific, rapid urbanization, economic growth, and changing lifestyles contribute to a burgeoning demand for veterinary monitoring equipment. Countries such as China, Japan, and India are witnessing significant growth, driven by increasing pet adoption rates, rising disposable incomes, and expanding veterinary services. Furthermore, government initiatives promoting animal health and welfare augment market opportunities in the region. Overall, these geographical regions play critical roles in shaping the global veterinary monitoring equipment market, each contributing uniquely to its growth trajectory through technological advancements, regulatory frameworks, and evolving healthcare landscapes.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Veterinary Monitoring Equipment Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Increasing focus on animal health and welfare
- Technological advancements in veterinary monitoring equipment
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Rise in pet ownership and companion animal healthcare spending - There has been a notable surge in pet ownership across many parts of the world. This trend reflects shifting societal attitudes towards pets, increasingly viewing them as integral members of the family rather than mere animals. This rise can be attributed to several factors, including urbanization, which often leads to smaller living spaces that are more conducive to pet ownership, and changing lifestyles that prioritize companionship and emotional well-being.
Concurrently, there has been a significant increase in spending on healthcare for companion animals. As pets are seen more as family members, owners are more willing to invest in their health and well-being. Veterinary care, including routine check-ups, vaccinations, and preventative treatments, has become more sophisticated and accessible. Advances in veterinary medicine and technology have also contributed to higher standards of care, offering treatments and procedures that were previously unavailable or prohibitively expensive.
The pet care industry has expanded to meet the growing demand, offering a wide range of products and services tailored to pets' needs. This includes specialized diets, grooming services, pet insurance, and even alternative therapies like acupuncture and physical rehabilitation.
Restraints:
- High cost associated with advanced monitoring equipment
- Limited adoption in developing regions
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Concerns regarding data privacy and security - Data privacy and security are critical concerns in the global veterinary monitoring equipment market. As veterinary practices increasingly digitize their operations and utilize monitoring devices connected to networks, the risk of data breaches and unauthorized access rises significantly.
Veterinary clinics collect sensitive information about animals, including health records, diagnostic results, and treatment plans. This data must be securely stored and transmitted to prevent unauthorized access or leaks that could compromise animal welfare or violate client confidentiality.
The integration of Internet of Things (IoT) devices in veterinary monitoring brings additional vulnerabilities. These devices often gather real-time data and transmit it over networks, potentially exposing sensitive information to cyber threats if not properly secured. Malicious actors could exploit these vulnerabilities to access animal health data or disrupt device functionality.
Opportunities:
- Expansion of telemedicine and remote monitoring solutions
- Growing demand for livestock monitoring in agriculture
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Development of portable and wearable monitoring devices - The global veterinary monitoring equipment market has seen significant development, particularly in the area of portable and wearable monitoring devices. These advancements have revolutionized the way veterinary professionals monitor and care for animals, offering enhanced convenience, real-time data insights, and improved patient outcomes.
Portable monitoring devices have become increasingly popular due to their ability to provide continuous monitoring outside traditional clinical settings. These devices are designed to be compact, lightweight, and easy to use, allowing veterinarians to monitor vital signs such as heart rate, respiratory rate, and temperature remotely. This capability is particularly beneficial for monitoring animals in their natural environments or during transportation, providing valuable data without disrupting the animals' routines.
Wearable monitoring devices represent another pivotal advancement in veterinary care technology. These devices are typically attached to the animal's body, offering continuous and non-invasive monitoring of various physiological parameters. They can track parameters like activity levels, sleep patterns, and even behavior changes, offering insights that were previously challenging to obtain. Wearable devices not only assist in early detection of health issues but also support preventive care by enabling proactive intervention based on real-time data.
Competitive Landscape Analysis
Key players in Global Veterinary Monitoring Equipment Market include:
- Dre Veterinary
- Smiths Group Plc
- Digicare Biomedical Technology
- Midmark Corporation
- Covetrus, Inc.
- Medtronic Plc
- Bionet America, Inc.
- Sonoscape Medical Corporation
- Hallowell Emc
- Minxray, Inc.
- Hallmarq Veterinary Imaging Ltd.
- Esaote S.P.A
- Agfa-Gevaert N.V.
- Nonin Medical Inc.
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Other Major Companies
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Animal Type
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global Veterinary Monitoring Equipment Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing focus on animal health and welfare
- Technological advancements in veterinary monitoring equipment
- Rise in pet ownership and companion animal healthcare spending
- Restraints
- High cost associated with advanced monitoring equipment
- Limited adoption in developing regions
- Concerns regarding data privacy and security
- Opportunities
- Expansion of telemedicine and remote monitoring solutions
- Growing demand for livestock monitoring in agriculture
- Development of portable and wearable monitoring devices
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Compititive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Veterinary Monitoring Equipment Market, By Type, 2021 - 2031 (USD Million)
- Vital Signs Monitor
- Anesthesia Monitor
- ECG Monitor
- Global Veterinary Monitoring Equipment Market, By Animal Type, 2021 - 2031 (USD Million)
- Small Companion Animals
- Dogs
- Cats
- Large Animals
- Equines
- Other Large Animals
- Other Animals
- Small Companion Animals
- Global Veterinary Monitoring Equipment Market, By End User, 2021 - 2031 (USD Million)
- Veterinary Clinics & Diagnostic Centers
- Veterinary Hospitals
- Research Institutes
- Global Veterinary Monitoring Equipment Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Veterinary Monitoring Equipment Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Dre Veterinary
- Smiths Group Plc
- Digicare Biomedical Technology
- Midmark Corporation
- Covetrus, Inc.
- Medtronic Plc
- Bionet America, Inc.
- Sonoscape Medical Corporation
- Hallowell Emc
- Minxray, Inc.
- Hallmarq Veterinary Imaging Ltd.
- Esaote S.P.A
- Agfa-Gevaert N.V.
- Nonin Medical Inc.
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Other Major Companies
- Company Profiles
- Analyst Views
- Future Outlook of the Market