Global Veterinary Injectable Devices Market | Key Players are Accesia, Aesthetic Group, AVID Pet MicroChip, Genia, Millpledge Veterinary, Nordson Efd, Pharma Supply Inc, UID Identification Solutions, Ultimed, and Vygon Vet. and many more

iCrowd Newswire
22 Jun 2022, 23:02 GMT+10

The market size of the Global Veterinary Injectable Devices Market in the year 2021 is valued at 820.53 million and is predicted to reach 1299.01 million by the year 2030 at a 5.5 % CAGR during the forecast period.

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The market for veterinary injectable devices is predicted to grow significantly over the forecast period. The increasing prevalence of various diseases among animals is propelling the veterinary injectable device market forward. Companion animals have become an important part of people's lives, and healthcare costs for these animals are rising. A veterinary injectable device is a convenient alternative to orally administered medications. The active substance is infiltrated into the animal's bloodstream and quickly distributed throughout the body. In recent years, various types of advanced injectable devices have been developed to eliminate the difficulty of existing devices and provide ease in the treatment process. The kit includes a syringe, needles, remote drug delivery systems, needle-free injection systems, and other veterinary injectable devices. Moreover, growing pet expenditure, followed by rising adoption of companion animals, increasing concern for various types of animal infections, and the demand for timely vaccinations of these animals are expected to drive market growth. The growing regulatory approval of injectable drugs for animal health is also boosting the market for veterinary injectable devices. Plastic is the preferred material for veterinary injectable devices since it is employed in the production of disposable injectable devices. Due to cheap prices and increased use of disposable injections, the plastic segment is projected to continue to dominate the veterinary injectable devices market.

List of Prominent Players in the Global Veterinary Injectable Devices Market:

Boehringer Ingelheim

TeleDart USA

Hauptner und Richard Herberholz GmbH & Co. KG

Schippers Export BV

Akra Dermojet

Allflex Livestock Intelligence (SCR Engineers Ltd.)

Terumo Medical Corporation

Neogen Corporation

Quick Shot Corporation

Syrinjector Ltd

Accesia

Aesthetic Group

AVID Pet MicroChip

Millpledge Veterinary

Nordson Efd

Pharma Supply Inc.

UID Identification Solutions

Ultimed

Vygon Vet

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Market Dynamics:

Drivers -

The rising prevalence of various diseases among animals is propelling the veterinary injectable devices market forward. Companion animals have become an important part of people's lives, and healthcare costs for these animals have increased. The growth of the injectable devices market is being driven by increased healthcare expenditure to keep companion animals healthy. The growing regulatory approval of injectable drugs for animal health is also boosting the market for veterinary injectable devices.

Challenges -

One of the major factors expected to suppress market growth is adverse reactions at the injection site. The high cost of veterinary animal injectable devices also acts as a global market restraint. The cost of purchasing and maintaining anesthesia equipment for small veterinary clinics and hospitals limits the growth of the global market. The high price of equipment, on the other hand, can be attributed to the advanced technology used in the equipment.

Regional Trends:

The North American veterinary injectable devices market is expected to register a major market share in terms of revenue and is also expected to grow at a high CAGR during the forecast year. The region's market growth can be contributed to the region's increasing availability of advanced veterinary facilities, as well as an increase in pet expenditure. North America is one of the world's largest meat consumers, and there are strict laws requiring that meat comes from healthy animals. Besides, with upgrading animal healthcare infrastructure and the existence of huge numbers of farm animals and significant poultry enterprises, Asia Pacific is predicted to be the fastest-growing veterinary injectable devices market throughout the projection period. The existence of nations such as India, the world's largest milk producer, and thus the growing necessity among cow owners to care for their animals, is likely to contribute to market growth. According to FAO figures, India produces 22% of global milk output.

Recent Developments:

In Oct 2020, Boehringer Ingelheim collaborated with Henke-Sass, Wolf to create a needle-free intramuscular vaccination injection device for piglets from weaning until the end of nursery. This new gadget will be offered to swine growers in most countries worldwide by December 2020 under the brand names FreVAXTM (via Boehringer Ingelheim) and EPIG® (through Henke-Sass, Wolf).

In Sept 2020, Caason Group has teamed with SyrinJector Ltd, the creators of a fast cattle immunisation technology, an Israeli startup. As holders of a worldwide patent, SyrinJector's technology consists of an application, a syringe cannon, and a cloud for "big-data" storage. The system also contains monitoring, analysis, and end-user decision-making tools.

Segmentation of Global Veterinary Injectable Devices Market -

By Devices -