Product Code: GVR-4-68040-399-9
Veterinary Cardiology Market Size & Trends:
The globalveterinary cardiology market size was estimated at USD 2.64 billion in 2023 and is projected to grow at a CAGR of 8.2% from 2024 to 2030. The increasing demand forpet humanization and rising pet ownership globally has increased the demand for veterinary cardiology. Pet owners treat their pets as family members and aim to provide them with the utmost care and comfort. This includes the provision of regular healthcare services. According to the Global State of Pet Care statistics published by HealthforAnimals in September 2022, more than 50% of the world population is estimated to own a pet at home, and the pet population around the globe can amount to over a billion. The statistics further suggest that the rise of the middle class and changing family structure will likely contribute to the growing pet population.
Moreover, the increasing awareness regarding preventive health has led pet owners to spend more on their health to improve their overall well-being. According to an article published by the American Veterinary Medical Association in October 2022, the annual expenditure on veterinary visits for households owing a dog has increased to USD 362 in 2022 from USD 224 in 2020. In addition, the emphasis on preventive healthcare has encouraged pet owners to opt for pet insurance to provide their pets with better medical services. According to an article published by the Times of India in July 2022, the increasing pet adoption and maintenance in India is expected to increase pet insurance's growth by 14%. The rise in pet insurance is further expected to drive the market growth.
The market's growth can be primarily attributed to the rising prevalence of disorders in animals, increasing emphasis on animal health, and the growing popularity of pet insurance worldwide. These factors are significantly driving the escalating demand for veterinary cardiology services. For instance, according to the HealthforAnimals statistics for 2022, the increasing emphasis on monitoring companion animals and enhancing their well-being is fueling the growing demand for monitoring equipment, leading to a projected global expenditure of 4.6 billion on companion animal diagnostics in 2022.
In addition, the rising cardiac diseases in animals, primarily dogs and cats, are boosting the demand for veterinary cardiology across the globe. The Commonly Diagnosed Heart Disorders in Cats & Dogs are as follows:
- Congenital Heart Disease (CHD)
- Valvular Degeneration
- Hypertrophic Cardiomyopathy
- Heart Arrhythmias
- Dilated Cardiomyopathy
For instance, in June 2024, the Indian Council for Agricultural published a study highlighting the incidence of cardiac arrhythmias in 435 dogs with a history of generalized diseases over one year and two months from July 2022 to September 2023. The assessment was aimed to determine the occurrence of arrhythmias and found that 114 dogs (26.21%) displayed various types, including atrial fibrillation (30.70%), ST-segment coving, sinus arrest (9.65% each), and ST-segment elevation (8.77% each). Moreover, a rising prevalence of CHD among cattle is further driving the market growth. For instance, according to the Large Animal Review (LAR) study published in June 2023, CHD is a heart condition present at birth, with a reported prevalence ranging from 0.2% to 2.7% in cattle.
Global Veterinary Cardiology Market Report Segmentation
This report forecasts revenue growth at country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global veterinary cardiology market report based on animal type, product, indication, end use, distribution channel, and region.
- Animal Type Outlook (Revenue, USD Million, 2018 - 2030)
- Companion Animals
- Production Animals
- Product Outlook (Revenue, USD Million, 2018 - 2030)
- Pharmaceuticals
- Pimobendan
- Spironolactone and benazepril hydrochloride
- Others
- Diagnostics
- Physical exam
- Chest X-rays
- Electrocardiogram (ECG)
- Others
- Indication Outlook (Revenue, USD Million, 2018 - 2030)
- Congestive Heart Failure
- Myocardial (Heart Muscle) Disease
- Arrhythmias
- Others
- End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Veterinary Hospitals & Clinics
- Others
- Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
- Hospital/ Clinic Pharmacy
- Retail
- E-Commerce
- Region Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Norway
- Sweden
- Denmark
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Thailand
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources
- 1.3.4. Primary Research
- 1.4. Information/Data Analysis
- 1.5. Market Formulation & Visualization
- 1.6. Data Validation & Publishing
- 1.7. Model Details
- 1.7.1. Commodity flow analysis
- 1.7.2. Global Market: CAGR Calculation
- 1.8. List of Secondary Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Veterinary Cardiology Market Variable Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market
- 3.1.2. Ancillary Market
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.1.1. Increasing Pet Ownership
- 3.2.1.2. Rising Prevalence Of Chronic Diseases In Animals
- 3.2.1.3. Increasing Animal Health Expenditure
- 3.2.1.4. Rising Surgical Procedures
- 3.2.2. Market Restraint Analysis
- 3.2.2.1. Stringent regulations
- 3.2.2.2. Lack of Skilled Professionals
- 3.2.3. Market Opportunity Analysis
- 3.2.4. Market Challenge Analysis
- 3.3. Veterinary Cardiology Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of suppliers
- 3.3.1.2. Bargaining power of buyers
- 3.3.1.3. Threat of substitution
- 3.3.1.4. Threat of new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political & Legal landscape
- 3.3.2.2. Economic and Social landscape
- 3.3.2.3. Technological landscape
- 3.3.2.4. Environmental landscape
- 3.3.3. Regulatory Framework
- 3.3.4. Pricing Analysis
- 3.3.5. Estimated Animal Population, by key countries & Key Species, 2023
- 3.3.6. COVID-19 Impact Analysis
Chapter 4. Veterinary Cardiology Market: Animal Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Veterinary Cardiology Market: Animal Type Movement Analysis
- 4.3. Veterinary Cardiology Market Size & Trend Analysis, by Animal Type, 2018 to 2030 (USD Million)
- 4.4. Companion Animals
- 4.4.1. Companion Animals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2. Dogs
- 4.4.2.1. Dogs Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3. Cats
- 4.4.3.1. Cats Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.4. Horses
- 4.4.4.1. Horses Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.5. Others
- 4.4.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Production Animals
- 4.5.1. Production Animals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.2. Cattle
- 4.5.2.1. Cattle Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.3. Poultry
- 4.5.3.1. Poultry Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.4. Others
- 4.5.4.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Veterinary Cardiology Market: By Product Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Veterinary Cardiology Market: By Product Movement Analysis
- 5.3. Veterinary Cardiology Market Size & Trend Analysis, by Product, 2018 to 2030 (USD Million)
- 5.4. Pharmaceuticals
- 5.4.1. Pharmaceuticals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.2. Pimobendan
- 5.4.2.1. Pimobendan Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.3. Spironolactone and Benazepril Hydrochloride
- 5.4.3.1. Spironolactone and Benazepril Hydrochloride Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.4. Others
- 5.4.4.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Diagnostics
- 5.5.1. Diagnostics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5.2. Physical exam
- 5.5.2.1. Physical Exam Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5.3. Chest X-rays
- 5.5.3.1. Chest X-rays Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5.4. Electrocardiogram (ECG)
- 5.5.4.1. Electrocardiogram (ECG) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5.5. Others
- 5.5.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Veterinary Cardiology Market: By Indication Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Veterinary Cardiology Market: By Indication Movement Analysis
- 6.3. Veterinary Cardiology Market Size & Trend Analysis, by Indication, 2018 to 2030 (USD Million)
- 6.3.1. Congestive Heart Failure
- 6.3.1.1. Congestive Heart Failure Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Myocardial (Heart Muscle) Disease
- 6.3.2.1. Myocardial (Heart Muscle) Disease Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.3. Arrhythmias
- 6.3.3.1. Arrhythmias Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4. Others
- 6.3.4.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Veterinary Cardiology Market: By End Use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Veterinary Cardiology Market: By End Use Movement Analysis
- 7.3. Veterinary Cardiology Market Size & Trend Analysis, by End use, 2018 to 2030 (USD Million)
- 7.3.1. Veterinary Hospitals & Clinics
- 7.3.1.1. Hospitals Veterinary Hospitals & Clinics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. Others
- 7.3.2.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Veterinary Cardiology Market: By Distribution Channel Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. Veterinary Cardiology Market: By Distribution Channel Movement Analysis
- 8.3. Veterinary Cardiology Market Size & Trend Analysis, by Distribution Channel, 2018 to 2030 (USD Million)
- 8.3.1. Hospital/Clinic Pharmacy
- 8.3.1.1. Hospital/Clinic Pharmacy Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. Retail
- 8.3.2.1. Retail Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. E-Commerce
- 8.3.3.1. E-Commerce Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Veterinary Cardiology Market: Regional Estimates & Trend Analysis
- 9.1. Regional Dashboard
- 9.2. Veterinary Cardiology Market Share, By Region, 2023 & 2030, USD Million
- 9.3. Regional Outlook
- 9.4. North America
- 9.4.1. North America Veterinary Cardiology Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.2. U.S.
- 9.4.2.1. Key Country Dynamics
- 9.4.2.2. U.S. Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.4.3. Canada
- 9.4.3.1. Key Country Dynamics
- 9.4.3.2. Canada Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.4.4. Mexico
- 9.4.4.1. Key Country Dynamics
- 9.4.4.2. Mexico Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.5. Europe
- 9.5.1. Europe Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.5.2. UK
- 9.5.2.1. Key Country Dynamics
- 9.5.2.2. UK Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.5.3. Germany
- 9.5.3.1. Key Country Dynamics
- 9.5.3.2. Germany Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.5.4. France
- 9.5.4.1. Key Country Dynamics
- 9.5.4.2. France Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.5.5. Italy
- 9.5.5.1. Key Country Dynamics
- 9.5.5.2. Italy Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.5.6. Spain
- 9.5.6.1. Key Country Dynamics
- 9.5.6.2. Spain Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.5.7. Denmark
- 9.5.7.1. Key Country Dynamics
- 9.5.7.2. Denmark Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.5.8. Sweden
- 9.5.8.1. Key Country Dynamics
- 9.5.8.2. Sweden Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.5.9. Norway
- 9.5.9.1. Key Country Dynamics
- 9.5.9.2. Norway Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.6. Asia Pacific
- 9.6.1. Asia Pacific Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.6.2. Japan
- 9.6.2.1. Key Country Dynamics
- 9.6.2.2. Japan Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.6.3. China
- 9.6.3.1. Key Country Dynamics
- 9.6.3.2. China Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.6.4. India
- 9.6.4.1. Key Country Dynamics
- 9.6.4.2. India Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.6.5. Australia
- 9.6.5.1. Key Country Dynamics
- 9.6.5.2. Australia Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.6.6. South Korea
- 9.6.6.1. Key Country Dynamics
- 9.6.6.2. South Korea Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.6.7. Thailand
- 9.6.7.1. Key Country Dynamics
- 9.6.7.2. Thailand Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.7. Latin America
- 9.7.1. Latin America Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.7.2. Brazil
- 9.7.2.1. Key Country Dynamics
- 9.7.2.2. Brazil Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.7.3. Argentina
- 9.7.3.1. Key Country Dynamics
- 9.7.3.2. Argentina Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.8. Middle East & Africa
- 9.8.1. Middle East & Africa Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.8.2. South Africa
- 9.8.2.1. Key Country Dynamics
- 9.8.2.2. South Africa Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.8.3. Saudi Arabia
- 9.8.3.1. Key Country Dynamics
- 9.8.3.2. Saudi Arabia Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.8.4. UAE
- 9.8.4.1. Key Country Dynamics
- 9.8.4.2. UAE Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 9.8.5. Kuwait
- 9.8.5.1. Key Country Dynamics
- 9.8.5.2. Kuwait Veterinary Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Market Participant Categorization
- 10.2. Company Market Position Analysis/ Heap Map Analysis
- 10.3. Company Profiles
- 10.3.1. Boehringer Ingelheim International GmbH
- 10.3.1.1. Company overview
- 10.3.1.2. Financial performance
- 10.3.1.3. Product benchmarking
- 10.3.1.4. Strategic initiatives
- 10.3.2. Jurox Pty Limited
- 10.3.2.1. Company overview
- 10.3.2.2. Financial performance
- 10.3.2.3. Product benchmarking
- 10.3.2.4. Strategic initiatives
- 10.3.3. Ceva
- 10.3.3.1. Company overview
- 10.3.3.2. Financial performance
- 10.3.3.3. Product benchmarking
- 10.3.3.4. Strategic initiatives
- 10.3.4. Merck & Co., Inc.
- 10.3.4.1. Company overview
- 10.3.4.2. Financial performance
- 10.3.4.3. Product benchmarking
- 10.3.4.4. Strategic initiatives
- 10.3.5. IDEXX
- 10.3.5.1. Company overview
- 10.3.5.2. Financial performance
- 10.3.5.3. Product benchmarking
- 10.3.5.4. Strategic initiatives
- 10.3.6. Apex Bio Medical
- 10.3.6.1. Company overview
- 10.3.6.2. Financial performance
- 10.3.6.3. Product benchmarking
- 10.3.6.4. Strategic initiatives
- 10.3.7. SOUND
- 10.3.7.1. Company overview
- 10.3.7.2. Financial performance
- 10.3.7.3. Product benchmarking
- 10.3.7.4. Strategic initiatives
- 10.3.8. General Electric Company
- 10.3.8.1. Company overview
- 10.3.8.2. Financial performance
- 10.3.8.3. Product benchmarking
- 10.3.8.4. Strategic initiatives
- 10.3.9. FUJIFILM Holdings America Corporation
- 10.3.9.1. Company overview
- 10.3.9.2. Financial performance
- 10.3.9.3. Product benchmarking
- 10.3.9.4. Strategic initiatives
- 10.3.10. ESAOTE SPA
- 10.3.10.1. Company overview
- 10.3.10.2. Financial performance
- 10.3.10.3. Product benchmarking
- 10.3.10.4. Strategic initiatives
- 10.4. Strategy Mapping
- 10.4.1. Mergers & Acquisitions
- 10.4.2. Partnerships & Collaborations
- 10.4.3. Expansion
- 10.4.4. Product launch
- 10.4.5. Others
- 10.5. List of other Key players