Global Veterinary Patient Monitoring Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Cardiac Monitoring Devices, Respiratory Monitoring Devices, Remote Patient Monitoring Devices, Multi-Parameter Monitoring Devices, Neuromonitoring Devices and Others.

By Equipment Type;

Vital Sign Monitors, Capnography and Oximetry Systems, Anesthesia Monitors, ECG and EKG Monitors, Magnetic Resonance Imaging (MRI) Systems, and Other Veterinary Monitoring Equipment.

By Animal;

Small Companion Animals, Large Companion Animals, Wild Animals, Zoo Animals, Aquatic Animals and Exotic Animals.

By End User;

Veterinary Clinics and Diagnostic Centers, Veterinary Hospitals, and Other End Users.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn905391099 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Veterinary Patient Monitoring Equipment Market (USD Million), 2021 - 2031

In the year 2024, the Global Veterinary Patient Monitoring Equipment Market was valued at USD 327.63 million. The size of this market is expected to increase to USD 630.37 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.8%.

The global veterinary patient monitoring equipment market has shown consistent growth over the past four years and is projected to continue its upward trajectory in the coming six years. This market, measured in USD millions, encompasses a wide range of devices used to monitor the vital signs and health parameters of animals during surgeries, post-operative care, and routine check-ups. The increasing awareness of animal health, coupled with advancements in veterinary medicine, has driven the demand for sophisticated monitoring equipment, ensuring better diagnostics and treatment outcomes.

A significant driver of market growth is the rising pet ownership and the growing trend of pet humanization, where pets are considered part of the family and receive similar levels of medical care as humans. This trend is particularly strong in developed regions such as North America and Europe, where pet owners are willing to invest in advanced veterinary care, including patient monitoring equipment. Additionally, the expansion of veterinary healthcare infrastructure in emerging markets like Asia Pacific and Latin America is contributing to the market's growth. As these regions witness economic development, there is an increasing adoption of modern veterinary practices and equipment.

Technological advancements play a crucial role in the growth of the veterinary patient monitoring equipment market. Innovations such as wireless monitoring devices, telemedicine, and portable equipment are making it easier for veterinarians to provide high-quality care. These advancements not only improve the accuracy and efficiency of monitoring but also enhance the overall patient experience. With continuous research and development, the market is expected to introduce more advanced, user-friendly, and cost-effective monitoring solutions, driving further growth and adoption across both established and emerging veterinary markets.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Equipment Type
    3. Market Snapshot, By Animal
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Global Veterinary Patient Monitoring Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising pet ownership and pet humanization trends
        2. Advancements in veterinary healthcare technology
        3. Increased investment in veterinary infrastructure in emerging markets
      2. Restraints
        1. High cost of advanced monitoring equipment
        2. Limited awareness and adoption in developing regions
        3. Stringent regulatory requirements for veterinary devices
      3. Opportunities
        1. Growth of telemedicine and wireless monitoring solutions
        2. Expanding veterinary services in Asia Pacific and Latin America
        3. Continuous innovation leading to more affordable and user-friendly devices

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Compititive Rivalry
  5. Market Segmentation
    1. Global Veterinary Patient Monitoring Equipment Market, By Product, 2021 - 2031 (USD Million)
      1. Cardiac Monitoring Devices
      2. Respiratory Monitoring Devices
      3. Remote Patient Monitoring Devices
      4. Multi-Parameter Monitoring Devices
      5. Neuromonitoring Devices
      6. Others
    2. Global Veterinary Patient Monitoring Equipment Market, By Equipment Type, 2021 - 2031 (USD Million)
      1. Vital Sign Monitors
      2. Capnography
      3. Oximetry Systems
      4. Anesthesia Monitors
      5. ECG and EKG Monitors
      6. Magnetic Resonance Imaging (MRI) Systems
      7. Other Veterinary Monitoring Equipment
    3. Global Veterinary Patient Monitoring Equipment Market, By Animal, 2021 - 2031 (USD Million)
      1. Small Companion Animals
      2. Large Companion Animals
      3. Wild Animals
      4. Zoo Animals
      5. Aquatic Animals
      6. Exotic Animals
    4. Global Veterinary Patient Monitoring Equipment Market, By End User, 2021 - 2031 (USD Million)
      1. Veterinary Clinics
      2. Diagnostic Centers
      3. Veterinary Hospitals
      4. Other End Users
    5. Global Veterinary Patient Monitoring Equipment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Smiths Group plc
      2. Hallowell Engineering & Manufacturing Corporation
      3. DRE Veterinary
      4. Digicare Biomedical Technology Inc.
      5. Midmark Corporation
  7. Analyst Views
  8. Future Outlook of the Market