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By Type;
Vital Sign Monitors, Anesthesia Monitors, Capnography & Oximetry Systems, ECG & EKG Monitors, MRI Systems and OthersBy Target Area;
Cardiology, Neurology, Respiratory Disorders, Weight & Temperature Monitoring, Multi-Parameter Monitoring and OthersBy Animal;
Small Companion Animals - [Dogs, Cats and Other Small Animals], Large Animals - [Equines and Other Large Animals] and Other AnimalsBy End User;
Veterinary Clinics & Diagnostic Centers, Veterinary Hospitals and Research InstitutesBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Veterinary Monitoring Equipment Market Overview
Veterinary Monitoring Equipment Market (USD Million)
Veterinary Monitoring Equipment Market was valued at USD 525.03 million in the year 2024. The size of this market is expected to increase to USD 1,023.13 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.0%.
Veterinary Monitoring Equipment Market
*Market size in USD million
CAGR 10.0 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 10.0 % |
| Market Size (2024) | USD 525.03 Million |
| Market Size (2031) | USD 1,023.13 Million |
| Market Concentration | Medium |
| Report Pages | 368 |
Major Players
- Dre Veterinary
- Smiths Group Plc
- Digicare Biomedical Technology
- Midmark Corporation
- Covetrus, Inc.
- Medtronic Plc
- Bionet America, Inc.
- Sonoscape Medical Corporation
- Hallowell Emc
- Minxray, Inc.
- Hallmarq Veterinary Imaging Ltd.
- Esaote S.P.A
- Agfa-Gevaert N.V.
- Nonin Medical Inc.
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Other Major Companies
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Veterinary Monitoring Equipment Market
Fragmented - Highly competitive market without dominant players
The Veterinary Monitoring Equipment Market is experiencing robust growth, driven by the rising adoption of advanced diagnostic tools. This surge is largely supported by increased awareness regarding animal health and the expanding population of companion animals. Currently, around 65% of veterinary practices employ advanced monitoring systems to ensure precise diagnostics and effective treatment strategies.
Technological Advancements Transforming Veterinary Diagnostics
Recent innovations in veterinary monitoring equipment have significantly upgraded diagnostic capabilities. Modern devices now feature wireless connectivity and real-time data analysis, enhancing clinical efficiency. Notably, over 70% of these systems utilize AI-powered analytics, providing precise health assessments and supporting faster clinical decisions, thereby improving patient outcomes.
Rising Pet Ownership Driving Market Growth
The steady increase in pet ownership has significantly boosted the demand for comprehensive health monitoring solutions. Approximately 60% of pet owners now prioritize preventive care, contributing to the growing use of advanced veterinary equipment. This trend is further reinforced by the rising adoption of pet insurance, which covers complex diagnostic procedures, ensuring better treatment experiences.
Preventive Healthcare as a Key Growth Driver
The focus on preventive healthcare within the veterinary sector is playing a pivotal role in expanding the market. Over 55% of veterinarians now advocate for regular health check-ups, emphasizing the importance of early disease detection. This proactive approach not only extends animal lifespan but also reduces overall healthcare costs, making preventive monitoring an essential part of modern veterinary care.
Veterinary Monitoring Equipment Market Key Takeaways
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The global veterinary monitoring equipment market was valued at approximately USD 568 million in 2024 and is projected to reach USD 1.3 billion by 2034, growing at a CAGR of 9.1%.
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North America led the market with a share of 39.9% in 2024, driven by high pet ownership rates and advanced veterinary infrastructure.
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The respiratory monitoring segment held the largest market share of 31.3% in 2024, reflecting the increasing prevalence of respiratory diseases in animals.
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Asia-Pacific is anticipated to be the fastest-growing region, with a projected CAGR of 9.6% through 2034, fueled by rising pet adoption and improvements in veterinary healthcare infrastructure.
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Technological advancements, such as the integration of AI-based diagnostic tools and telemedicine platforms, are enhancing real-time monitoring capabilities and expanding access to veterinary care, especially in remote areas.
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The demand for multi-parameter monitoring devices is increasing, as they provide comprehensive data on vital signs, facilitating better decision-making in clinical settings.
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Key players in the market include companies like GE Healthcare, Mindray, and Siemens Healthineers, which are focusing on innovation and expanding their product portfolios to cater to the growing needs of veterinary professionals.
Veterinary Monitoring Equipment Market Recent Developments
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In 2023, Mella Pet Care formed a strategic partnership with PetHub, Inc. to integrate pet health data. This collaboration streamlines veterinary monitoring and supports more personalized and efficient animal care.
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In October 2022, Darvall launched an innovative line of anesthesia monitoring equipment designed to enhance veterinary surgical procedures. This advanced technology improves patient safety and provides more precise monitoring capabilities during operations.
Veterinary Monitoring Equipment Market Segment Analysis
In this report, the Veterinary Monitoring Equipment Market has been segmented by Type, Target Area, Animal, End User and Geography.
Veterinary Monitoring Equipment Market, Segmentation by Type
The market is analyzed based on Type, highlighting the technological diversity and adoption trends across various veterinary monitoring solutions. This segmentation emphasizes the role of innovation in driving precision, efficiency, and animal care standards.
Vital Sign Monitors
These devices play a crucial role in continuous monitoring of animal vital parameters, offering accurate data to support timely interventions and improve overall clinical outcomes.
Anesthesia Monitors
Used extensively during surgical procedures, these monitors ensure anesthesia safety by tracking real-time physiological responses, thus minimizing procedural risks and enhancing treatment precision.
Capnography & Oximetry Systems
These systems provide detailed insights into respiratory function and oxygen saturation, aiding veterinarians in critical care and surgical monitoring, improving patient survival rates.
ECG & EKG Monitors
Electrocardiogram devices are essential for cardiac monitoring in animals, enabling early detection of arrhythmias and heart conditions, thus contributing to targeted treatment strategies.
MRI Systems
MRI systems support advanced diagnostic imaging, enhancing neurological and musculoskeletal evaluations with high-resolution images that inform precise therapeutic decisions.
Others
Other specialized devices cater to niche monitoring requirements, ensuring comprehensive animal health assessment and facilitating adoption of innovative veterinary technologies.
Veterinary Monitoring Equipment Market, Segmentation by Target Area
Segmentation by Target Area highlights the focus on organ systems and physiological parameters, underlining the significance of specialized monitoring in enhancing diagnostic accuracy and patient care.
Cardiology
Cardiac monitoring equipment ensures timely detection of heart abnormalities, improving treatment efficacy and supporting preventive care strategies.
Neurology
Neurological monitoring facilitates accurate assessment of brain and nervous system disorders, enabling veterinarians to deliver targeted interventions and improve clinical outcomes.
Respiratory Disorders
Respiratory monitoring systems track oxygen levels and ventilation, crucial for managing conditions such as asthma and pulmonary distress, ensuring effective respiratory support.
Weight & Temperature Monitoring
These monitors provide continuous tracking of vital metrics, supporting preventive care, health assessments, and optimization of nutritional and therapeutic strategies.
Multi-Parameter Monitoring
Integrated systems offer simultaneous tracking of multiple vital signs, enhancing real-time clinical decision-making and improving overall animal safety.
Others
Other target areas encompass specialized monitoring needs, ensuring comprehensive coverage of animal health parameters across diverse veterinary settings.
Veterinary Monitoring Equipment Market, Segmentation by Animal
Segmentation by Animal demonstrates how equipment is tailored to species-specific physiological requirements, driving targeted product development and market adoption.
Small Companion Animals
Monitoring solutions for pets like dogs, cats, and other small animals focus on compact design and ease of use, supporting clinics in delivering efficient and accurate care.
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Dogs
Devices are designed for canine physiology, emphasizing vital sign accuracy, comfort, and real-time data access to optimize treatment outcomes.
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Cats
Equipment tailored for feline patients ensures stress-free monitoring with high precision, supporting early diagnosis of cardiac and respiratory conditions.
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Other Small Animals
Specialized devices cater to rodents, rabbits, and other small pets, enabling accurate physiological tracking and enhancing clinical interventions.
Large Animals
Monitoring systems for equines and other large animals are designed for robust performance, mobility, and reliability, addressing veterinary needs in farms and equestrian settings.
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Equines
Equipment focuses on cardiorespiratory and musculoskeletal monitoring, supporting performance evaluation and preventive veterinary care for horses.
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Other Large Animals
Devices for livestock and large mammals provide comprehensive health monitoring, ensuring efficient herd management and early disease detection.
Other Animals
Specialized solutions for exotic and zoo animals cater to unique physiological monitoring requirements, enhancing animal welfare and clinical precision.
Veterinary Monitoring Equipment Market, Segmentation by End User
Segmentation by End User emphasizes adoption patterns and institutional demand, highlighting the influence of infrastructure, expertise, and service capability on market growth.
Veterinary Clinics & Diagnostic Centers
These facilities adopt compact and multi-functional equipment to enhance diagnostic efficiency and patient throughput, ensuring improved care for a variety of animals.
Veterinary Hospitals
Hospitals invest in advanced monitoring solutions for critical care, surgical interventions, and continuous health tracking, strengthening their service offerings and clinical outcomes.
Research Institutes
Research facilities utilize high-precision monitoring equipment to support scientific studies, experimental veterinary procedures, and technology validation, driving innovation across the market.
Veterinary Monitoring Equipment Market, Segmentation by Geography
In this report, the Veterinary Monitoring Equipment Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
This region dominates the market due to high veterinary infrastructure, technological adoption, and investment in animal health. Adoption rates of advanced monitoring equipment exceed 65% in leading veterinary hospitals.
Europe
Europe shows strong growth driven by innovative veterinary solutions, stringent animal welfare regulations, and expanding research facilities. Market penetration is reinforced by multi-parameter monitoring adoption in clinics.
Asia Pacific
The Asia Pacific market is expanding rapidly, fueled by rising pet ownership, modernization of veterinary services, and increasing healthcare awareness. Investments in portable and compact monitoring systems are significant.
Middle East and Africa
Growth in this region is supported by emerging veterinary infrastructure, government initiatives, and private clinic expansions. Adoption of anesthesia and vital sign monitors is on the rise to improve clinical care.
Latin America
The market in Latin America is gaining traction through expanding veterinary hospitals, diagnostic centers, and increasing awareness of animal health. Use of multi-parameter and ECG monitoring devices is growing steadily.
Veterinary Monitoring Equipment Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Veterinary Monitoring Equipment Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers:
- Increasing focus on animal health and welfare
- Technological advancements in veterinary monitoring equipment
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Rise in pet ownership and companion animal healthcare spending - The steady rise in pet ownership and increased spending on companion animal healthcare are driving forces behind the growth of the veterinary monitoring equipment market. As more households welcome pets and view them as family members, there is a growing emphasis on ensuring their health through regular veterinary care. This shift in perception has contributed to a higher demand for advanced monitoring tools that track vital signs, support diagnostics, and enhance the overall standard of care provided in veterinary clinics and hospitals.
In developed regions, particularly across North America and Europe, pet owners are becoming more proactive in seeking quality medical services for their animals. This includes routine check-ups, surgical interventions, and long-term management of chronic conditions—all of which require the use of sophisticated monitoring devices such as multiparameter monitors, anesthesia monitoring systems, and wireless health tracking tools. As a result, veterinary professionals are investing more in reliable equipment that supports real-time data collection and improves decision-making during treatment.
Emerging markets are also experiencing a surge in pet adoption, fueled by urbanization, changing lifestyles, and rising disposable incomes. Alongside this trend, there is increased awareness about animal wellness and the importance of early diagnosis and preventive care. Veterinary facilities in these regions are expanding services and upgrading their infrastructure to meet the growing expectations of pet owners, creating new opportunities for suppliers of high-quality veterinary monitoring equipment.
In addition, advancements in digital and remote monitoring technologies are transforming veterinary care, allowing for better tracking of animal health both inside and outside clinical settings. As the pet population continues to grow globally and as spending on companion animal healthcare remains on the rise, the demand for innovative and efficient monitoring solutions is expected to accelerate. This evolution presents a strong opportunity for continued expansion in the veterinary monitoring equipment market.
Restraints:
- High cost associated with advanced monitoring equipment
- Limited adoption in developing regions
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Concerns regarding data privacy and security - Increasingly seen as a restraint in the veterinary monitoring equipment market. With the growing adoption of digital monitoring systems, cloud-based platforms, and electronic health records, veterinary practices are managing more data than ever before. While these technologies enhance diagnostics and enable remote care, they also raise important questions about how sensitive animal health information is stored, transmitted, and protected. This has led to greater caution among pet owners and veterinary professionals regarding the use of connected systems.
Modern veterinary monitoring devices often rely on real-time data exchange and remote access features, which expose them to potential cybersecurity threats. Though veterinary data may not appear as critical as human health records, breaches can still result in financial losses, reputational damage, and disruption of clinical workflows. Many small and mid-sized practices may lack the technical infrastructure or resources needed to implement robust cybersecurity measures, making them more vulnerable to data-related risks.
The absence of universally applied data protection regulations for veterinary health information adds to this challenge. Unlike human healthcare systems governed by strict laws such as HIPAA or GDPR, veterinary practices operate under less defined data governance frameworks. This regulatory gap results in inconsistent data management practices across markets, especially when using third-party platforms or cloud services. As the volume of digital veterinary data grows, so does the need for clearly outlined and enforced data protection protocols.
Addressing these concerns will require a combination of secure technology development, staff training, and transparent privacy policies. Veterinary equipment manufacturers must ensure their products include security features such as encryption, authentication, and regular software updates. At the same time, veterinary clinics must be equipped with the knowledge and tools to safeguard sensitive information effectively. Without these protections in place, adoption of digital veterinary monitoring technologies may face resistance from users concerned about data vulnerability and misuse.
Opportunities:
- Expansion of telemedicine and remote monitoring solutions
- Growing demand for livestock monitoring in agriculture
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Development of portable and wearable monitoring devices - The advancement of portable and wearable monitoring devices is creating promising opportunities in the veterinary monitoring equipment market. As veterinary care increasingly shifts toward real-time, continuous monitoring, compact and mobile devices are reshaping how animal health is managed. These technologies offer veterinarians the ability to track vital signs outside traditional clinical settings, making them ideal for use in homes, farms, and field environments. Their ability to provide consistent, on-the-go monitoring is especially valuable for livestock, performance animals, and pets requiring ongoing care.
Wearable devices, including smart collars, biometric patches, and sensor-based trackers, allow for non-invasive monitoring of parameters such as heart rate, body temperature, respiratory function, and activity levels. These solutions enable early detection of health anomalies and support quicker, more targeted interventions. By continuously collecting data, wearable monitors help improve the accuracy of diagnoses and allow veterinarians to create more customized and responsive treatment plans based on real-time insights.
Portable equipment also enhances the quality of care in situations where fixed infrastructure is unavailable. Lightweight, battery-operated monitoring tools are increasingly being used during mobile veterinary visits, emergency cases, and rural livestock management. These devices expand the reach of veterinary services, particularly in remote areas, helping to ensure that animals receive timely and effective care. The increased accessibility and convenience of portable tools are improving outcomes and broadening the scope of modern veterinary practices.
As interest in preventive care and remote monitoring grows, the veterinary industry is seeing a surge in demand for wearable and portable technologies. With ongoing improvements in wireless connectivity and data integration, these tools are becoming more reliable, affordable, and user-friendly. Their role in enabling proactive and efficient animal healthcare is expected to grow, positioning them as a vital element of the future veterinary technology landscape and offering strong potential for market expansion.
Veterinary Monitoring Equipment Market Competitive Landscape Analysis
Veterinary Monitoring Equipment Market is becoming increasingly competitive as demand rises for precision, remote, and real-time animal health tracking solutions. Manufacturers emphasize growth, innovation, and collaboration to deliver advanced sensors, wearables, and integrated systems. Expanding adoption across companion animal care, livestock health, and veterinary surgeries is intensifying rivalry among global device vendors and niche players.
Market Structure and Concentration
The market exhibits moderate concentration, with leading firms capturing around 40-45% share while many specialized players serve niche segments. Strategic partnerships and merger moves are reshaping supply chains and distribution networks. Concentration tends to be higher in sophisticated multi-parameter monitors, whereas basic vital sign devices see broader fragmentation among regional competitors. :contentReference[oaicite:0]{index=0}
Brand and Channel Strategies
Vendors adopt diverse strategies using direct sales to veterinary hospitals, collaboration with clinic networks, and distribution through specialized medical device channels—channels constituting over half of placements in many markets. Strong brand credibility backed by reliability, support services, and regulatory compliance is critical. Collaboration with integrators, tele-veterinary platforms, and service providers strengthens market access and trust.
Innovation Drivers and Technological Advancements
Technological advancements in wireless connectivity, AI analytics, miniaturization, and IoT integration are propelling differentiation. A large share of R&D is committed to innovation in smart wearables, multi-parameter platforms, and remote monitoring features. Collaboration with sensor developers, software firms, and animal health specialists accelerates next-gen product deployment. :contentReference[oaicite:1]{index=1}
Regional Momentum and Expansion
North America leads in adoption, benefiting from robust veterinary infrastructure and high pet healthcare spending. Europe emphasizes strategies combining health regulation and animal welfare norms, while Asia-Pacific shows rapid expansion driven by rising pet ownership, livestock modernization, and growing awareness. Cross-regional partnerships and local assembly alliances support penetration into emerging animal care markets. :contentReference[oaicite:2]{index=2}
Future Outlook
The future outlook signals sustained growth, driven by trends in preventive medicine, tele-veterinary care, and integrated health ecosystems. With many players expected to scale R&D investment, innovation and collaboration will be pivotal differentiators. The market is set to evolve toward seamless, data-driven, and connected monitoring systems for both companion animals and livestock. :contentReference[oaicite:3]{index=3}
Key players in Veterinary Monitoring Equipment Market include:
- Midmark Corporation
- Masimo Corporation
- ICU Medical, Inc.
- IDEXX Laboratories, Inc.
- Smiths Group plc
- Digicare Biomedical Technology, Inc.
- DRE Veterinary
- Covetrus, Inc.
- Mindray Bio-Medical Electronics Co., Ltd.
- B. Braun Melsungen AG (Vet Care)
- Henry Schein, Inc.
- Nonin Medical, Inc.
- Agfa-Gevaert N.V.
- Esaote S.p.A
- 3M Company
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Target Area
- Market Snapshot, By Animal
- Market Snapshot, By End User
- Market Snapshot, By Region
- Veterinary Monitoring Equipment Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing focus on animal health and welfare
- Technological advancements in veterinary monitoring equipment
- Rise in pet ownership and companion animal healthcare spending
- Restraints
- High cost associated with advanced monitoring equipment
- Limited adoption in developing regions
- Concerns regarding data privacy and security
- Opportunities
- Expansion of telemedicine and remote monitoring solutions
- Growing demand for livestock monitoring in agriculture
- Development of portable and wearable monitoring devices
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Veterinary Monitoring Equipment Market, By Type, 2021 - 2031 (USD Million)
- Vital Sign Monitors
- Anesthesia Monitors
- Capnography & Oximetry Systems
- ECG & EKG Monitors
- MRI Systems
- Others
- Veterinary Monitoring Equipment Market, By Target Area, 2021 - 2031 (USD Million)
- Cardiology
- Neurology
- Respiratory Disorders
- Weight & Temperature Monitoring
- Multi-Parameter Monitoring
- Others
- Veterinary Monitoring Equipment Market, By Animal, 2021 - 2031 (USD Million)
- Small Companion Animals
- Dogs
- Cats
- Other Small Animals
- Large Animals
- Equines
- Other Large Animals
- Other Animals
- Small Companion Animals
- Veterinary Monitoring Equipment Market, By End User, 2021 - 2031 (USD Million)
- Veterinary Clinics & Diagnostic Centers
- Veterinary Hospitals
- Research Institutes
- Veterinary Monitoring Equipment Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Veterinary Monitoring Equipment Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Midmark Corporation
- Masimo Corporation
- ICU Medical, Inc.
- IDEXX Laboratories, Inc.
- Smiths Group plc
- Digicare Biomedical Technology, Inc.
- DRE Veterinary
- Covetrus, Inc.
- Mindray Bio-Medical Electronics Co., Ltd.
- B. Braun Melsungen AG (Vet Care)
- Henry Schein, Inc.
- Nonin Medical, Inc.
- Agfa-Gevaert N.V.
- Esaote S.p.A
- 3M Company
- Company Profiles
- Analyst Views
- Future Outlook of the Market