Regional Analysis

Global Veterinary Furniture Market- Regional Insights

North America is expected to be the largest market for veterinary furniture during the forecast period, accounting for over 35.7% of the market share in 2023. North America has dominated the global veterinary furniture market. With a strong presence of leading veterinary equipment manufacturers and a robust veterinary healthcare industry, the region enjoys early mover advantage. It has emerged as the pioneer in advanced veterinary services and practices. Many large multinational pet care corporations operating global chains of veterinary hospitals and clinics are headquartered in the U.S., thus creating huge demand for high-quality furniture.

Moreover, growing pet ownership and increasing expenditure on pet care have boosted the market. North American pet owners prioritize animal welfare and are willing to spend on quality products and services. This has worked in favor of premium-priced and specialized veterinary furniture. Stringent regulations regarding animal treatment protocols and facility standards in the U.S. and Canada also contribute to the large market size.

Asia Pacific is expected to be the second-largest market for veterinary furniture market, accounting for over 25.2% of the market share in 2023. Asia Pacific (APAC) has been outpacing other regions in terms of market growth lately. Rapid urbanization, rising disposable incomes, and changing attitudes toward pet care are fueling the APAC market. Countries like China, India, and others have witnessed tremendous growth in their veterinary industries. This has boosted demand for associated equipment and infrastructure.

Consolidating regulations for animal health facilities are also supporting infrastructure development and equipment investments. Further, APAC manufacturers are engaging in partnerships with global brands for manufacturing and export opportunities. Low labor costs provide them a competitive edge in pricing. Thus, APAC has emerged as an important production and export hub, thereby catering to growing international demand. Its stellar economic growth outlook suggests veterinary furniture sales, which will remain on an upward growth trajectory.

Europe market is expected to be the fastest-growing market for veterinary furniture market, with a market share of 19% during the forecast period. The growth of the market in Europe is due to the increasing number of pet ownership in the region.