HALMA PLC(KEELER, A WHOLLY OWNED SUBSIDIARY OF HALMA PLC)
BAXTER INTERNATIONAL, INC.(HILL-ROM, A WHOLLY OWNED SUBSIDIARY OF BAXTER INTERNATIONAL, INC.)
ALCON INC.
AMETEK, INC.(REICHERT, INC., A WHOLLY OWNED SUBSIDIARY OF AMETEK, INC.)
HEINE OPTOTECHNIK GMBH & CO. KG
LKC TECHNOLOGIES, INC.
IRIDEX CORPORATION
OPTOMED PLC
OCULARVISION INC.
AN-VISION
EIDOLON OPTICAL LLC
YUESEN MED
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OCUSCIENCE
GERVETUSA
KOWA AMERICAN CORPORATION
AJL OPHTHALMIC S.A.
OPTIBRAND LTD.
NEW WORLD MEDICAL
FREEDOM OPHTHALMIC PVT. LTD.
I-MED ANIMAL HEALTH
USIOL INC.
CORNEAT VISION
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The global veterinary ophthalmology equipment market is projected to reach 697 million in 2029 from USD 485 million in 2024, at a CAGR of 7.5% between 2024 and 2029.
Scope of the Report
Years Considered for the Study
2022-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD)
Segments
By veterinary ophthalmology equipment - Application, animal type, Product, End User and Region
Regions covered
Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa
The veterinary ophthalmology equipment market is driven by factors such as increasing pet ownership, technological advancements, rising awareness, prevalence of eye disorders, and increasing veterinary healthcare expenditure. However, the market faces challenges such as high equipment costs, limited access to specialized services, regulatory hurdles, lack of skilled professionals, and competition from alternative treatments.
"Based on the surgical equipment, disposables and implants, by product the shunts segment is expected to grow by the highest CAGR in the veterinary ophthalmology equipment market."
The expansion of veterinary hospitals and specialty surgical centers equipped with advanced ophthalmic surgical equipment fuels the demand for surgical instruments, disposables, and implants. Overall, the combination of increasing demand for surgical interventions, technological advancements, emphasis on surgical safety and infection control, pet owner spending on veterinary care, and expansion of veterinary surgical facilities collectively drive the projected high CAGR for the surgical equipment, disposables, and implants segment in the veterinary ophthalmology equipment market.
"The surgery segment in application segment is expected to grow with the highest CAGR in the veterinary ophthalmology equipment market."
The increasing prevalence of treatable eye conditions in pets, advancements in surgical techniques, growing demand for specialized care, and the higher cost of surgical equipment contribute to the surgery segment projected to have the highest CAGR in the veterinary ophthalmology equipment market. The veterinary ophthalmology field has witnessed significant technological advancements in surgical equipment and techniques in recent years. These advancements include sophisticated surgical instruments, microsurgical tools, and minimally invasive surgical procedures, which improve surgical outcomes and reduce recovery times for animals.
"Based on the animal type, equine segment is expected to grow by the highest CAGR in the veterinary ophthalmology equipment market."
increased investment in equine veterinary care, and the prevalence of equine-specific eye conditions. However, the lower overall horse population and cost considerations for equine healthcare might limit the absolute market size compared to the canine segment. There's a heightened awareness among horse owners regarding the health and well-being of their animals. This awareness drives them to seek specialized veterinary care, including ophthalmology, to ensure the best possible health outcomes for their horses.
"Based on the end user, specialty clinic segment is expected to grow by the highest CAGR in the veterinary ophthalmology equipment market."
The specialty clinic segment is expected to experience the highest CAGR in the veterinary ophthalmology equipment market due to its focus on advanced equipment, specialized care offerings, focus on preventive care, higher volume of complex procedures, financial resources, and a centralized referral network. Specialty clinics typically invest in state-of-the-art equipment and employ specialists who have extensive experience and expertise in diagnosing and treating ophthalmic conditions in animals.
"Asia Pacific to grow with the highest CAGR in the veterinary ophthalmology equipment market during the forecast period."
The Asia-Pacific region is expected to experience the highest CAGR in the veterinary ophthalmology equipment market due to factors such as increasing pet ownership, rising awareness of pet health and welfare, expansion of veterinary healthcare infrastructure, technological advancements, government initiatives, and emerging markets. Pet owners in countries like China, India, Japan, and South Korea are seeking specialized veterinary services, leading to increased demand for ophthalmology equipment. The region's burgeoning medical technology industry and government initiatives also contribute to market growth. Emerging economies in the region offer significant growth opportunities for the veterinary ophthalmology equipment market.
A breakdown of the primary participants (supply-side) for the veterinary ophthalmology equipment market referred to for this report is provided below:
By Company Type: Tier 1- 60%, Tier 2- 30%, and Tier 3- 10%
By Designation: C-level-50%, Director Level-30%, and Others-20%
By Region: North America-45%, Europe-15%, Asia Pacific-25%, Latin America- 10%, Middle East & Africa-5%.
Prominent players in the market include Bausch + Lomb Corporation (Canada), USIOL, Inc. (US), I-MED Animal Health (Canada), AMETEK, Inc. (Reichert, Inc., a wholly owned subsidiary of AMETEK, Inc.)(US), HEINE Optotechnik GmbH & Co. KG (Germany), LKC Technologies, Inc. (US), Revenio Group Oyj (Finland), Halma Plc (Keeler, a wholly owned subsidiary of Halma Plc) (UK), Baxter International, Inc. (Hill-Rom, a wholly owned subsidiary of Baxter International, Inc.) (US), GerVetUSA (US), Kowa American Corporation (US), AJL Ophthalmology S.A. (Spain), Optibrand Ltd. (US), Alcon Inc. (Switzerland), IRIDEX Corporation (US), Optomed Plc (Finland), Ocularvision, Inc. (US), AN-VISION (Germany), Eidolon Optical LLC (US), Yuesen Med (China), Ocuscience (US), Freedom Ophthalmic Pvt. Ltd. (France), New World Medical (US), and Nova Eye Medical (Australia).
Research Coverage:
The report analyzes the veterinary ophthalmology equipment market and aims at estimating the market size and future growth potential of this market based on various segments such as animal type, application, product, end user and region. The report also includes a competitive analysis of the key players in this market along with their company profiles, product/service offerings, recent developments, and key market strategies.
Reasons to Buy the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall veterinary ophthalmology equipment market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report provides insights into the following pointers:
Analysis of key drivers (Rising pet ownership and pet care expenditure, Rising popularity of pet insurance, Growing number of veterinary ophthalmologists, Increased prevalence of ocular diseases among animals and Technological advancements in veterinary ophthalmology), restraints (High cost of veterinary care), opportunities (Strategic developments by market players creating an opportunity for growth and Growing opportunities in emerging markets) and challenges (Limited awareness among pet owners)
Market Penetration: It includes extensive information on product portfolios offered by the major players in the global veterinary ophthalmology equipment market. The report includes various segments in market animal type, application, product, end user and region
Product Enhancement/Innovation: Comprehensive details about new product launches and anticipated trends in the global veterinary ophthalmology equipment market.
Market Development: Thorough knowledge and analysis of the profitable rising markets animal type, application, product, end user and region
Market Diversification: Comprehensive information about newly launched product and services, expanding markets, current advancements, and investments in the global veterinary ophthalmology equipment market.
Competitive Assessment: Thorough evaluation of the market shares, growth plans, offerings of product and services, and capacities of the major competitors in the global veterinary ophthalmology equipment market.
TABLE 184 SPAIN: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY END USER, 2022-2029 (USD MILLION)
10.3.7 REST OF EUROPE
TABLE 185 REST OF EUROPE: PET OWNERSHIP, 2022 (MILLION)
TABLE 186 REST OF EUROPE: NUMBER OF VETERINARIANS AND PARAVETERINARIANS, 2019 VS. 2020
TABLE 187 REST OF EUROPE: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY PRODUCT, 2022-2029 (USD MILLION)
TABLE 188 REST OF EUROPE: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR DIAGNOSTIC DEVICES, BY TYPE, 2022-2029 (USD MILLION)
TABLE 189 REST OF EUROPE: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR OPHTHALMOSCOPES, BY TYPE, 2022-2029 (USD MILLION)
TABLE 190 REST OF EUROPE: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TONOMETERS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 191 REST OF EUROPE: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR SURGICAL EQUIPMENT, DISPOSABLES, AND IMPLANTS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 192 REST OF EUROPE: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY APPLICATION, 2022-2029 (USD MILLION)
TABLE 193 REST OF EUROPE: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TREATMENT APPLICATIONS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 194 REST OF EUROPE: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TREATMENT APPLICATIONS, BY INDICATION, 2022-2029 (USD MILLION)
TABLE 195 REST OF EUROPE: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY ANIMAL TYPE, 2022-2029 (USD MILLION)
TABLE 196 REST OF EUROPE: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY END USER, 2022-2029 (USD MILLION)
10.4 ASIA PACIFIC
10.4.1 ASIA PACIFIC: RECESSION IMPACT
FIGURE 47 ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET SNAPSHOT
TABLE 197 ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY PRODUCT, 2022-2029 (USD MILLION)
TABLE 198 ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR DIAGNOSTIC DEVICES, BY TYPE, 2022-2029 (USD MILLION)
TABLE 199 ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR OPHTHALMOSCOPES, BY TYPE, 2022-2029 (USD MILLION)
TABLE 200 ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TONOMETERS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 201 ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR SURGICAL EQUIPMENT, DISPOSABLES, AND IMPLANTS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 202 ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY APPLICATION, 2022-2029 (USD MILLION)
TABLE 203 ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TREATMENT APPLICATIONS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 204 ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TREATMENT APPLICATIONS, BY INDICATION, 2022-2029 (USD MILLION)
TABLE 205 ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY ANIMAL TYPE, 2022-2029 (USD MILLION)
TABLE 206 ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY END USER, 2022-2029 (USD MILLION)
10.4.2 CHINA
10.4.2.1 Rising prevalence of ophthalmic diseases in animals to drive market
TABLE 246 AUSTRALIA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY END USER, 2022-2029 (USD MILLION)
10.4.6 SOUTH KOREA
10.4.6.1 Pet care initiatives for street dogs and cats to fuel market for animal care products
TABLE 247 SOUTH KOREA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY PRODUCT, 2022-2029 (USD MILLION)
TABLE 248 SOUTH KOREA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR DIAGNOSTIC DEVICES, BY TYPE, 2022-2029 (USD MILLION)
TABLE 249 SOUTH KOREA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR OPHTHALMOSCOPES, BY TYPE, 2022-2029 (USD MILLION)
TABLE 250 SOUTH KOREA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TONOMETERS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 251 SOUTH KOREA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR SURGICAL EQUIPMENT, DISPOSABLES, AND IMPLANTS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 252 SOUTH KOREA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY APPLICATION, 2022-2029 (USD MILLION)
TABLE 253 SOUTH KOREA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TREATMENT APPLICATIONS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 254 SOUTH KOREA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TREATMENT APPLICATIONS, BY INDICATION, 2022-2029 (USD MILLION)
TABLE 255 SOUTH KOREA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY ANIMAL TYPE, 2022-2029 (USD MILLION)
TABLE 256 SOUTH KOREA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY END USER, 2022-2029 (USD MILLION)
10.4.7 REST OF ASIA PACIFIC
TABLE 257 REST OF ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY PRODUCT, 2022-2029 (USD MILLION)
TABLE 258 REST OF ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR DIAGNOSTIC DEVICES, BY TYPE, 2022-2029 (USD MILLION)
TABLE 259 REST OF ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR OPHTHALMOSCOPES, BY TYPE, 2022-2029 (USD MILLION)
TABLE 260 REST OF ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TONOMETERS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 261 REST OF ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR SURGICAL EQUIPMENT, DISPOSABLES, AND IMPLANTS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 262 REST OF ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY APPLICATION, 2022-2029 (USD MILLION)
TABLE 263 REST OF ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TREATMENT APPLICATIONS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 264 REST OF ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TREATMENT APPLICATIONS, BY INDICATION, 2022-2029 (USD MILLION)
TABLE 265 REST OF ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY ANIMAL TYPE, 2022-2029 (USD MILLION)
TABLE 266 REST OF ASIA PACIFIC: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY END USER, 2022-2029 (USD MILLION)
10.5 LATIN AMERICA
10.5.1 LATIN AMERICA: RECESSION IMPACT
TABLE 267 LATIN AMERICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY PRODUCT, 2022-2029 (USD MILLION)
TABLE 268 LATIN AMERICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR DIAGNOSTIC DEVICES, BY TYPE, 2022-2029 (USD MILLION)
TABLE 269 LATIN AMERICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR OPHTHALMOSCOPES, BY TYPE, 2022-2029 (USD MILLION)
TABLE 270 LATIN AMERICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TONOMETERS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 271 LATIN AMERICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR SURGICAL EQUIPMENT, DISPOSABLES, AND IMPLANTS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 272 LATIN AMERICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY APPLICATION, 2022-2029 (USD MILLION)
TABLE 273 LATIN AMERICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TREATMENT APPLICATIONS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 274 LATIN AMERICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TREATMENT APPLICATIONS, BY INDICATION, 2022-2029 (USD MILLION)
TABLE 275 LATIN AMERICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY ANIMAL TYPE, 2022-2029 (USD MILLION)
TABLE 276 LATIN AMERICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY END USER, 2022-2029 (USD MILLION)
10.6 MIDDLE EAST & AFRICA
10.6.1 AVAILABILITY OF FUNDING TO PROMOTE ANIMAL HEALTHCARE
10.6.2 MIDDLE EAST & AFRICA: RECESSION IMPACT
TABLE 277 MIDDLE EAST & AFRICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY PRODUCT, 2022-2029 (USD MILLION)
TABLE 278 MIDDLE EAST & AFRICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR DIAGNOSTIC DEVICES, BY TYPE, 2022-2029 (USD MILLION)
TABLE 279 MIDDLE EAST & AFRICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR OPHTHALMOSCOPES, BY TYPE, 2022-2029 (USD MILLION)
TABLE 280 MIDDLE EAST & AFRICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TONOMETERS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 281 MIDDLE EAST & AFRICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR SURGICAL EQUIPMENT, DISPOSABLES, AND IMPLANTS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 282 MIDDLE EAST & AFRICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY APPLICATION, 2022-2029 (USD MILLION)
TABLE 283 MIDDLE EAST & AFRICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TREATMENT APPLICATIONS, BY TYPE, 2022-2029 (USD MILLION)
TABLE 284 MIDDLE EAST & AFRICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET FOR TREATMENT APPLICATIONS, BY INDICATION, 2022-2029 (USD MILLION)
TABLE 285 MIDDLE EAST & AFRICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY ANIMAL TYPE, 2022-2029 (USD MILLION)
TABLE 286 MIDDLE EAST & AFRICA: VETERINARY OPHTHALMOLOGY EQUIPMENT MARKET, BY END USER, 2022-2029 (USD MILLION)