Global Veterinary Furniture Market Size and Trends
Global veterinary furniture market size is expected to reach US$ 6.04 Bn by 2030, from US$ 3.98 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 6.1% during the forecast period.
Global Veterinary Furniture Market- Drivers
- Increasing pet ownership worldwide: A pet brings immense joy and companionship to families around the world. As people's lifestyles become busier and families smaller, pets are becoming like family members to their owners. This growing human-animal bond means that pet owners want to provide the best possible care and living conditions for their beloved animal companions. As pet ownership rises globally, particularly in developing nations, demand is increasing for specialized veterinary furniture and equipment that can assist veterinarians in examining, treating, and operating on pets. Pet owners expect veterinary practices to be well-equipped and offer a comfortable environment where pets feel safe and secure during visits. This translates into higher demand for examination tables of appropriate sizes, scales, and cradles for lifting pets, dental chairs, surgical lights and operating tables with standardized features which are required for sterilization. Manufacturers are innovating new designs that focus on animal welfare and ease-of-use for vets in order to appeal to this growing market. For instance, in January 2022, according to the data published by the National Agricultural Statistics Service (NASS), there were around 91.9 Mn cattle and calves in the U.S. farms on January 1, 2022
- Zoonotic diseases drive need for improved infection control: With increasing globalization and urbanization, zoonotic diseases that can spread between animals and humans, have become a serious public health concern. Regular monitoring and health checks on pets are crucial to curb outbreaks of infectious illnesses at local, national, and international levels. This has heightened the importance of infection control standards and sterilization protocols in veterinary facilities. Surfaces that cannot be easily disinfected pose infection risks. Therefore, veterinary furniture which are made from durable and non-porous materials like stainless steel, are preferred for tables, examination units, and surgical setups that may come in contact with body fluids, tissues, and waste during procedures. Instrument washing units, autoclaves, and dry heat sterilizers are also fundamental for veterinary practices to comply with stringent industry regulations. Manufacturers providing infection control solutions alongside a full suite of professional and certified veterinary equipment allow practices to deliver a higher level of treatment while protecting the health of animals as well as vets, staff, and pet owners visiting the facility. This drives sustained demands for their products and services. For instance, in June 2021, according to an article published by the Veterinary World, an open access, peered review journal, researchers from the Department of Agricultural Sciences, Faculty of Veterinary Medicine, Lasallian University Corporation (Unilasallista), Caldas, Antioquia, Colombia, conducted a study to improve the knowledge of high school students about zoonotic diseases from pets in Medellín-Colombia, by using an educational intervention that is based on a booklet and a game. They found that the students increased their knowledge and awareness about these diseases and their prevention.
- Growth in animal health expenditure: The growth in animal health expenditure is having a significant impact on the global veterinary furniture market. As pet owners and veterinary professionals invest more in animal health, the demand for high-quality veterinary furniture and equipment is increasing. This trend is being driven by a number of factors, including increased pet adoption, a growing focus on animal welfare and healthcare, and advancements in veterinary medicine.
Key Factors Driving the Growth:
- Increased Pet Ownership: Rising pet ownership rates boosts demand for veterinary services, thus subsequently increasing the need for veterinary furniture in clinics and hospitals
- Higher Standards of Care: There is a growing emphasis on providing high-standard care for animals, thus leading to investment in state-of-the-art veterinary furniture
- Expansion of Veterinary Clinics: New and existing veterinary clinics are expanding to accommodate the growing number of patients, thereby requiring more examination tables, surgery tables, kennels, and other furniture
- Preventive Healthcare and Wellness: A shift toward preventive care and regular wellness checkups for animals leads to more routine use of veterinary furniture.
Global Veterinary Furniture Market- Trends
- Rising popularity of multi-functional veterinary furniture: Rising popularity of multi-functional veterinary furniture within the global veterinary furniture market reflects the industry's shift towards versatility, efficiency, and space optimization in veterinary care facilities. Here's a breakdown of this trend's dynamics:
Factors Driving Popularity:
- Space Optimization: Multi-functional furniture is especially beneficial in small veterinary practices where space is limited. It can perform multiple roles, thus reducing the need for separate pieces of furniture.
- Cost-Effectiveness: Investing in one piece of furniture that serves various purposes can be more economical for veterinary clinics, particularly those with tighter budgets
- Improved Workflow: Furniture that are designed for multiple uses can streamline workflow, thereby making it easier for veterinary professionals to perform different tasks without having to move to different workspaces
- Technological Integration: Multi-functional furniture often incorporates technology such as adjustable height controls and built-in scales, thus enhancing its utility.
- Increase in online sales of veterinary furniture: Increase in online sales of veterinary furniture reflects the broader trend of digital transformation within the global veterinary furniture market. This shift toward e-commerce channels is due to various factors and has notable implications for strategic planning in the market landscape:
Factors Contributing to the Increase in Online Sales:
- Digital Convenience: The ease of browsing, comparing, and purchasing products online is a key factor driving veterinarians and clinic managers towards e-commerce platforms
- Wider Selection: Online channels often provide a broader range of products than be stocked in traditional brick-and-mortar distributors
- Competitive Pricing: E-commerce allows for quick price comparisons, often leading to more competitive rates and accessible deals
- Increased Reach: Online sales platforms enable manufacturers to reach a global customer base, thereby expanding their market beyond local geographical constraints