September 20, 2024

Veterinary Scales Market Size To Increase USD 418.78 Million By 2032

The global veterinary scales market size was estimated at around USD 252.73 million in 2022 and it is projected to hit around USD 418.78 million by 2032, growing at a CAGR of 5.18% from 2023 to 2032. The veterinary scales market in the United States was accounted for USD 84.8 million in 2022.

Veterinary Scales Market Size 2023 to 2032

Key Pointers

  • North America dominated the global market with the largest market share of 40% in 2022.
  • Asia Pacific region is estimated to grow at the fastest CAGR of more than 6.08% from 2023 to 2032.
  • By Configuration, the bench-top segment led the market with a revenue share of 33% in 2022.
  • By Configuration, the portable segment is expected to expand at the highest CAGR of 6.24% from 2023 to 2032.
  • By Animal Type, the small animals segment held the largest market share of 46% in 2022.
  • By Animal Type, the large animals segment is estimated to witness the fastest CAGR of about 5.73% from 2023 to 2032.
  • By Purchasing Channel, the online segment contributed the largest market share of 60% in 2022 and is expected to grow at the fastest CAGR of 5.06% over the forecast period.
  • By End-use, the veterinary hospitals & clinics segment held the highest market share of 34% in 2022.
  • By End-use, the veterinary diagnostic centers segment is estimated to witness the fastest CAGR of about 6.04% over the forecast period.

The veterinary scales market stands at the intersection of technological innovation and the growing need for precise animal care. These specialized weighing instruments play a crucial role in the veterinary domain, offering accurate weight measurements that are fundamental to animal health assessment, diagnosis, and treatment. This overview provides insights into the key aspects shaping the veterinary scales market, including market size, growth drivers, challenges, and notable trends.

Market Growth

The growth of the veterinary scales market is propelled by several key factors. Firstly, the escalating trend of pet ownership globally has significantly increased the demand for precise and reliable weight measurement instruments in veterinary practices. Pet owners and healthcare professionals alike recognize the importance of regular weight monitoring for preventive care, contributing to the market’s expansion. Additionally, continuous technological advancements play a pivotal role in market growth. The integration of digital platforms, wireless connectivity, and compatibility with veterinary management software enhances the efficiency of weight measurement procedures, fostering increased adoption. Furthermore, the growing emphasis on animal welfare has driven the development of low-stress weighing methods, creating a positive and comfortable experience for animals during the weighing process. These factors collectively contribute to the upward trajectory of the Veterinary Scales Market, presenting manufacturers and stakeholders with ample opportunities for innovation and market penetration.

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Report Scope of the Veterinary Scales Market

Report Coverage Details
Market Revenue by 2032 USD 418.78 million
Growth Rate from 2023 to 2032 CAGR of 5.18%
Revenue Share of North America in 2022 40%
CAGR of Asia Pacific from 2023 to 2032 6.08%
Base Year 2022
Forecast Period 2023 to 2032
Market Analysis (Terms Used) Value (US$ Million/Billion) or (Volume/Units)
Read More: https://www.heathcareinsights.com/respiratory-filters-market/

Market Dynamics

Drivers

  • Rising Pet Ownership: The increasing global trend of pet ownership has led to a heightened demand for veterinary scales, as pet owners and veterinarians recognize the crucial role of regular weight monitoring in ensuring the health and well-being of companion animals.
  • Focus on Animal Welfare: Growing awareness and concern for animal welfare have become pivotal drivers. Veterinary scales equipped with features such as low-stress weighing methods contribute to a positive and comfortable experience for animals, aligning with the broader industry emphasis on compassionate care.

Restraints

  • Competitive Pricing Pressures: The market is characterized by competitive pricing dynamics, driven by the presence of multiple manufacturers offering a variety of scales. This can lead to pricing pressures, challenging profitability and limiting the ability of some market participants to invest in research and development.
  • Need for Continuous Product Innovation: To stay competitive and meet evolving customer demands, manufacturers must invest in continuous product innovation. The pressure to introduce new features, technologies, and improvements places a demand on resources and research capabilities, creating a restraint for some market players.

Opportunities

  • Global Expansion in Veterinary Services: The increasing globalization of veterinary services presents an opportunity for the veterinary scales market to expand its reach. As veterinary care becomes more standardized worldwide, there is a growing demand for high-quality weighing instruments, creating opportunities for market players to explore new geographical markets.
  • Integration of IoT and Smart Technologies: The integration of Internet of Things (IoT) and smart technologies into veterinary scales opens up avenues for real-time data monitoring and enhanced connectivity. Manufacturers can capitalize on this opportunity by developing innovative, connected scales that offer features such as remote monitoring, data analytics, and integration with veterinary management systems.

Configuration Insights

The bench-top segment dominated the market with a revenue share of 33% in 2022, while the portable segment is estimated to grow at the fastest CAGR of 6.24% during forecast period. Veterinary professionals prefer compact benchtop scales for their ease of use and versatility. Some benchtop scales are designed for specific veterinary applications, such as those used for exotic animals, birds, or small rodents. These specialized scales cater to the specific needs of veterinarians dealing with different types of animals.

Animal type Insights

The small animals segment held the largest market share of 46% in 2022. The growing number of pets, such as cats, dogs, and small animals, has increased demand for veterinary services and equipment, including small animal scales. Pet owners increasingly know the importance of monitoring their pets’ health and well-being. Regular weight checks are crucial for detecting issues like obesity, malnutrition, or underlying health conditions, which has led to an increased demand for small animal scales.

The large animals segment is estimated to witness the fastest CAGR of about 5.73% over the forecast period. The demand for large animal veterinary scales is increasing as the agriculture and livestock industries evolve and stakeholders recognize the importance of precise and efficient animal weight management in their operations.

Purchasing channels Insights

The online segment contributed the largest market share of 60% in 2022 and is expected to grow at the fastest CAGR of 5.06% over the forecast period. The ease of purchasing veterinary scales online has made them more accessible to veterinary professionals and pet owners, further driving market growth. Online retailers typically provide detailed product information, specifications, and customer reviews, allowing veterinarians to make informed decisions about the scale’s functionality, accuracy, and durability. For example, integrating advanced technology, such as digital displays, data storage, and connectivity features, in benchtop veterinary scales has increased their efficiency and convenience, making them more attractive to veterinarians and pet owners. Moreover, some veterinarians or clinics prefer the convenience and wider selection offered by online sales channels. In contrast, others may prioritize hands-on inspection, personalized assistance, and local support provided by offline retailers.

End-use Insights

The veterinary hospitals & clinics segment held the highest market share of 34% in 2022. Veterinary scales are primarily used in vet hospitals and clinics to weigh animals during veterinary health management. Ordinary pet owners can also use veterinary scales to accurately determine the healthy weight of their cats, dogs, and other pets, and vets use them for medical purposes. Weight loss or gain in any animal could indicate a medical condition. Thus, taking measures of weight with this affordable method is crucial. Furthermore, regardless of the pet’s size, pet owners must have access to a steady weight indication to provide the appropriate medical treatment.

The veterinary diagnostic centers segment is estimated to witness the fastest CAGR of about 6.04% over the forecast period. In veterinary diagnostic laboratories, precision and accuracy in measurements are essential for delivering reliable and accurate diagnostic results. Veterinary scales play a pivotal role in ensuring the quality and integrity of laboratory processes, making them indispensable tools in this setting. The need for accuracy, data reliability, and adherence to quality and safety standards in veterinary research and diagnostics drives the high demand for veterinary scales in diagnostic laboratories.

Regional Insights

In terms of region, North America held the largest share of more than 40% in 2022. There is a growing need for pet care services and products in the region due to the increasing number of pet parents and their high pet expenditures. As per the American Pet Products Association’s (APPA) 2021-2022 National Pet Owners Survey, around 70% of American homes had a pet in 2020, a rise from 67% in 2019.

Asia Pacific region is estimated to grow at the fastest CAGR of more than 6.08% from 2023 to 2032. The growing awareness about pet health, increasing advancement in veterinary scales, and growing penetration of digital technology in pet health management are anticipated to drive the regional industry’s growth over the forecast period.

Key Companies

  • Mettler-Toledo International Inc (OHAUS Corporation)
  • Adam Equipment
  • Rice Lake Weighing Systems
  • Marsden Weighing Machine Group Ltd
  • KERN & SOHN GmbH
  • Avery Weigh-Tronix, LLC (Brecknell)
  • A&D Company, Limited
  • SR Instruments, Inc.
  • Rusty’s Weigh Scales & Service, Inc.
  • Avante Animal Health.

Veterinary Scales Market Report Segmentations:

By Configuration

  • Platform
  • Bench-top
  • Portable
  • Others (Floor scale, Hanging scale, Wheelchair Scales)

By Animal Type

  • Large Animals
  • Small Animals
  • Others (Birds & Reptile)

By Purchasing Channel

  • Offline
  • Online

By End-use

  • Veterinary Hospitals & Clinics
  • Veterinary Diagnostic Centers
  • Homecare Settings
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
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