Veterinary Injectable Devices Market Trends

Regionally, the global veterinary injectable devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America region is expected to generate the largest revenue of USD 475.1 Million by the end of 2030, up from a revenue of USD 306.2 Million in the year 2020. The growth of the market in the region can be attributed to the increasing availability of advanced veterinary facilities in the region, as well as for the increase in expenditure on pets. On the other hand, the market in the Asia Pacific is projected to grow with the highest CAGR of 5.96% during the forecast period, owing to the growing number of farm animals and livestock in the region. Moreover, presence of countries, such as India, which is the largest producer of milk worldwide, and therefore the rising need amongst cow owners to take care of their animals is expected to contribute to the market growth. In other statistics by the FAO, India contributes to 22% of the global production of milk. The market in the region is further segmented by country into China, India, Japan, South Korea, Australia, Singapore, and the Rest of APAC. Out of these, the market in China is anticipated to register the largest revenue of USD 124.1 Million by the end of 2030, backed by the surge in demand for meat and meat products. The market in the country is also expected to grow with the highest CAGR of 6.30% during the forecast period.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).