Veterinary Gynecology Equipment Market Size (2023-2030)

The Global Veterinary Gynecology Equipment Market was valued at USD 600 million and is projected to reach a market size of USD 1110.56 million by the end of 2030. Over the outlook period of 2023-2030, the market is anticipated to grow at a CAGR of 8%. 

Veterinary Gynecology Equipment is mainly the instruments used for animals to protect their reproductive health and organs. The market for Veterinary Gynecology Equipment was relatively small in the past having limited applications. However, with changing lifestyles, the greater number of specialists, and the availability of equipment this market is currently seeing an upsurge. In the future, with extensive R&D activities and other technological advancements, this market will see significant growth.

Key Market Insights:

The global Veterinary Artificial Insemination market size is expected to be worth around US$ 7.24 billion by 2030 according to a new report by Vision Research Reports.

As per Statista, it is projected that the revenue of medical supplies, including veterinary instruments and apparatus in Japan will amount to approximately 1.1 billion U.S. Dollars by 2024.

As per a study, conception rates for vaginal insemination of fresh semen yielded between 60% and 95% pregnancy rates in purebred dogs.

Reproductive disorders were the cause of death in 23.2% of dogs. This called for an urgent need for medical facilities and equipment for animals.

Veterinary Gynecology Equipment Market Drivers:

The increasing adoption of pet animals is fueling the growth of the market.

Over the years, there have been several changes in the standard of living. Factors like urbanization and rising income have caused a shift. People are leaning towards the adoption of pet animals with animals like cats, dogs, rabbits, and a few other birds being the main ones. Many couples prefer to have companion animals. Moreover, there have been many studies that show that the adoption of these animals can aid in lowering depression, as well as anxiety, and general improvement in well-being. This has increased the adoption rate. Furthermore, social media as well as animal enthusiasts has played a huge role in raising awareness towards adopting street animals. These factors have played a crucial role in making sure to keep track of the animal’s health. This has increased gynecological equipment, thereby helping the market develop.

The growing population has been helping the market to expand.

The population as per the latest estimates is around 8 billion. To fulfill the hunger needs of the majority, it is necessary to raise the yield. Livestock production for meat consumption has seen tremendous growth over the past decade. Moreover, the demand for dairy consumption has seen a rise owing to the nutrients associated with these products. Techniques like artificial insemination, embryo transfer, and other reproductive methods are followed to double the breed for more products. Additionally, there are other environmental factors and internet connections like 4G and 5G that are reducing the reproductive capacity of these animals. Owing to all these reasons, it is vital for the usage of these equipment to help the market flourish.

Veterinary Gynecology Equipment Market Restraints and Challenges:

Associated costs, limited expertise, and limited availability in remote places are the main challenges that are being faced by the market.

One of the biggest barriers in the market is the price associated with this equipment. Charges for installation, maintenance, and other upgrades are required which can be a hindrance to small clinics. Secondly, the lack of trained specialists is slowing the growth. All these procedures are very sensitive and utmost care must be taken to not cause any harm to the animal. Thirdly, lack of access in certain underdeveloped and rural areas can hamper growth. These equipments are advanced and require special resources and infrastructure for their installation.

Veterinary Gynecology Equipment Market Opportunities:

Technological advancements have been providing the market with an ample number of opportunities. Wearable devices and integration with AI are helping in the monitoring of animal health. Along with this, ART (Assisted Reproductive Technologies) and other endoscopic methods are being improvised. Secondly, there has been a rise in the number of students who are pursuing veterinary science. Thirdly, markets are being expanded internationally to have easier access and ensure animal protection. Moreover, many startups are focused on the specialization of equipment to enhance reproductive health. Furthermore, R&D projects are being undertaken to find new equipment and procedures that are less painful for animals.

VETERINARY GYNECOLOGY EQUIPMENT MARKET REPORT COVERAGE:

Veterinary Gynecology Equipment Market Segmentation:

Veterinary Gynecology Equipment Market Segmentation: By Animal Type:

• Small Animals
• Large Animals
• Others

Based on animal type, large animals are the largest segment in the market. Cows are one of the most common animals in the category. This is because of dairy products like ghee, milk, butter, and meat. These are associated with a lot of nutritional content aiding human growth and the immune system. To obtain these, it is vital to have a greater number. Due to lesser fertility because of changes in environment, food, and other radiations, ART techniques have become extremely important. Besides, they help to produce a greater number of offspring which is not possible by conventional techniques. Apart from this, it is necessary to maintain good reproductive health to prevent infections inside the animal. This segment holds a share of around 60%. Small animals are the fastest growing with a share of around 40%. This is owing to a greater demand and an increase in husbandry of small animals. Chickens are a very popular animal category mainly due to their eggs and meat.

Veterinary Gynecology Equipment Market Segmentation: By Equipment Type:

• Ultrasound Machines
• Artificial Insemination Equipment
• Endoscopy Systems
• Semen Analysis Equipment
• Embryo Transfer Equipment
• Others

Based on equipment type, ultrasound machines are the largest segment in this market. This is because of their ability to diagnose problems if any, minimal risk, accuracy, performance, and imaging. Artificial insemination is the fastest growing owing to rising infertility cases, greater number of progenies, efficiency, prevention of diseases, and sperm preservation of animals.

Veterinary Gynecology Equipment Market Segmentation: By End User:

• Veterinary Hospitals & Clinics
• Research Institutes

Based on end users, veterinary hospitals and clinics are the largest segments with a share exceeding 75%. This is due to the presence of licensed professionals, equipment, aftercare facilities, vaccinations, and other services. However, research institutes are the fastest growing owing to a rise in R&D activities, Governmental support, investments, the piqued interest of researchers and other youngsters, an increased workforce, better access, the need for urgent procedures along with bettering the available ones, and a rising number of labs.

Veterinary Gynecology Equipment Market Segmentation: Regional Analysis:

• North America
• Asia-Pacific
• Europe
• South America
• Middle East and Africa

Based on region, North America has the largest regional market with a share of around 30%. This is due to technological advancements, better facilities, extensive research activities, greater pet adoption, meat consumption, economic stability, and the presence of key companies. The United States and Canada are at the front position. Europe is also one of the top leading regions closely following North America with countries like Germany, the United Kingdom, and the Netherlands being the topmost. Asia Pacific with countries like China, India, and Australia is the fastest growing with a share of approximately 23%. This is due to increasing livestock, animal breeding, meat intake, development of research facilities, increasing number of veterinary doctors, access to equipment, rising reproductive issues economic development, investments, and emerging players.  

COVID-19 Impact Analysis on the Global Veterinary Gynecology Equipment Market:

The outbreak of the virus had impacted positively on the market. The government and other investors funded many hospitals, clinics, biotechnology companies, and other research institutes that worked on healthcare applications. Extensive checkups were important for animals to prevent the containment of the virus. State authorities and other local organizations took the necessary steps to ensure the screening of street animals. Moreover, there was an increase in the number of mental health cases and sicknesses. To reduce this, there was an increase in pet adoption and the opening of foster homes. The American Society for the Prevention of Cruelty to Animals (ASPCA) estimated that during the pandemic, more than 23 million American families, or roughly 1 in 5 throughout the country, acquired a pet.  Furthermore, telemedicine was the new norm. Even though initially, challenges were faced, healthcare authorities started picking up and providing online consultations to ensure good reproductive health.   

Latest Trends/ Developments:

Companies in this industry are driven to increase their market share using a variety of tactics, including alliances, investments, and acquisitions. Along with maintaining competitive pricing, businesses are paying much to advance existing technologies and find new ones. This has also led to greater enlargement.

Research and developmental activities are being carried out to improve drug formulations related to fertility and other birth control injections. Besides this, serum tests of various animals are being analyzed clinically, to find potential elements which can help the animal system in maintaining a better reproduction.

Key Players:

1. Minitube
2. IMV Technologies
3. E.I. Medical Imaging
4. Bionote, Inc.
5. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
6. Planer
7. Animal Reproduction Systems (ARS)
8. Minitüb GmbH
9. Biovet
10. RIKEN TECHNOS CORPORATION

In July 2022, Bionote USA, a manufacturer of quantitative, point-of-care veterinary analyzers and biomarker tests announced a new partnership with PSIvet, the nation's largest veterinary group purchasing organization. The partnership aimed to make Bionote USA’s Vcheck line of analyzers and tests even more affordable to PSIvet’s 5,000-plus veterinary practices.

In December 2021, Fujifilm India announced a collaboration with DCC Animal Hospital to provide healthcare devices for pets. As part of the partnership, Fujifilm India would provide innovative medical and screening devices to DCC (Dogs, Cats & Companions) Animal Hospital, to increase the standards of veterinary care in India