Covetrus Inc. (US), Midmark Corporation (US) and ICU Medical, Inc. (US) are the Leading Player in the Veterinary Equipment and Supplies Market
Covetrus Inc. (US), Midmark Corporation (US), ICU Medical, Inc. (US), B. Braun Melsungen AG (Germany),BD Animal Health (US) are the leading players in the veterinary equipment and supplies market. The global veterinary equipment and supplies market is projected to reach USD 2.9 Billion by 2027 from USD 2.0 Billion in 2022, at a CAGR of 8.1% during the forecast period. Growing scale of veterinary businesses and telemedicine & remote monitoring equipment are the major trends in veterinary equipment and supplies market.
Covetrus Inc. is the leading player in the veterinary equipment and supplies market. Covetrus mainly offers advanced technology solutions, comprehensive service, technology platforms, and supply chain infrastructure to support companion, equine, and large animal veterinary markets. The company offers small and large equipment from various equipment suppliers and its proprietary brands. Convetrus’s customer base comprises animal health and veterinary practices & clinics in the companion-animal, equine, and large-animal markets in North America, Europe, and the Asia Pacific. These veterinary practices consist of both small & privately owned businesses and an increasing number of corporate-owned practices. Covetrus also serves animal-health providers & producers and pet specialty retail stores. The company’s marketing and sales strategy are focused on the rapid, cost-effective delivery of high-quality products to a diverse group of customers worldwide. The strength of the company also lies in its vast geographic presence.
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Midmark Corporation is the second leading player in the veterinary equipment and supplies market. Midmark manufactures and supplies medical, veterinary, and dental products. The company’s products include anesthesia equipment; dental delivery systems; carts and cabinets; digital dental X-ray systems; exam & treatment tables; instrument processing systems; lighting, monitoring, and seating systems; accessories; and consumables. The company is in North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
ICU Medical, Inc. develops, manufactures, and sells medical technologies used in vascular therapy, oncology, and critical care applications. The company entered the veterinary equipment and supplies market by acquiring Smiths Medical (US) from Smiths Group plc. (UK). Smiths Medical offers a line of veterinary-specific medical devices under the brands such as Portex, SurgiVet, and Bivona in the veterinary field for anesthetic, airway, critical care, chest, wound drainage, and monitoring. The company intends to continue to expand its marketing & distribution capability, which may include external expansions through acquisitions both in the US and foreign markets. The company also considers expanding product offerings through acquisitions of companies or product lines. This allows the company to gain new customers and serve regional customers more effectively.
Related Reports:
Veterinary Equipment and Supplies Market by Type (Consumables, Patient Monitors, Anesthesia, Infusion Pumps), Application (Surgical (Gynecology, Dental), Diagnosis), Animal (Companion, Bovines), End User (Hospitals, Clinics) - Global Forecast to 2027
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