The Veterinary Infusion Pumps Market is Predict to reach $381.9 Million by 2030, at a CAGR of 6.9%

17-Jan-2024 | Report Format: Electronic (PDF)

Veterinary Infusion Pumps Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Veterinary Infusion Pumps Market size is expected to reach $381.9 million by 2030, rising at a market growth of 6.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,668.2 hundred units, experiencing a growth of 6.0% (2019-2022).

The Syringe Infusion Pumps segment is showcasing a CAGR of 8.9% during (2023 - 2030). Syringe infusion pumps are known for their accuracy and precision in delivering small volumes of medication. In veterinary care, especially for smaller animals or when precise dosing is crucial, syringe pumps are preferred for their ability to administer controlled amounts of medication. Therefore, the segment will expand rapidly in the coming years.

The Fluid Therapy segment is generating the maximum revenue in the Global Veterinary Infusion Pumps Market by Application in 2022; thereby, achieving a market value of $122.8 million by 2030. Fluid therapy is commonly used in veterinary medicine to address conditions such as dehydration, electrolyte imbalances, and hypovolemia. These conditions can arise from various causes, including illness, surgery, trauma, or chronic diseases. Surgical procedures in veterinary medicine often require fluid therapy for preoperative preparation, intraoperative support, and postoperative recovery. Infusion pumps are crucial in delivering controlled fluids, ensuring that animals maintain optimal hydration and physiological balance during and after surgery. Thus, these factors will contribute to increased growth in the segment.

The Subcutaneous segment is experiencing a CAGR of 9.9% during (2023 - 2030). Subcutaneous infusion is generally considered less invasive than intravenous administration. This route is often chosen for its ease of administration, making it a preferred option for both veterinary professionals and pet owners. Subcutaneous administration provides a more comfortable experience for animals than intravenous methods. This is particularly important in veterinary care, where minimizing stress and discomfort during treatment is a priority. Therefore, the segment will grow rapidly in the coming years.

The Companion Animals segment is leading the Global Veterinary Infusion Pumps Market by Animal Type in 2022; thereby, achieving a market value of $323.8 million by 2030. With a growing awareness of pet health and an increased willingness to invest in veterinary services, pet owners are more likely to seek advanced medical treatments. This includes using infusion pumps for precise and controlled administration of medications in companion animals. These aspects will pose lucrative growth prospects for the segment.

The Home Care segment is registering a CAGR of 7.6% during (2023 - 2030). Technological advancements have led to developing user-friendly and portable infusion pumps suitable for home care settings. These devices are designed to be easy to operate, allowing pet owners to administer treatments with minimal training. The rise of telemedicine and remote monitoring in veterinary care facilitates communication between pet owners and veterinarians. This trend allows veterinarians to guide pet owners remotely, monitor treatment progress, and adjust as needed, supporting home-based infusion therapies. These factors are expected to help increase the demand in the segment.

Full Report: https://www.kbvresearch.com/veterinary-infusion-pumps-market/

The North America region dominated the Global Veterinary Infusion Pumps Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $126.1 million by 2030. The Europe region is anticipating a CAGR of 6.8% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 7.6% during (2023 - 2030).