Latest News- Veterinary Eye Care Market: Dogs is expected to lead the Application segment during 2025-2029

The Veterinary Eye Care Market is being driven by Rising pet ownership

The Veterinary Eye Care Market is expected to grow at a CAGR of 5.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1067.8 million. Pet insurance plays a crucial role in offsetting unexpected expenses incurred by pet owners while ensuring optimal veterinary care for their pets. The increasing popularity of pet insurance, driven by favorable policies, is anticipated to propel the expansion of the global veterinary eye care market. Notably, countries like the US, Australia, and Canada have witnessed a surge in pet health insurance adoption, with over 5.8 million pets in the US alone being insured as of 2024, according to the North American Pet Health Insurance Association (NAPHIA). This trend is poised to continue its robust growth trajectory. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Dogs
  • Cats
  • Horses
• Type
  • Eye care products
  • Eye care services
• Distribution Channel
  • Veterinary pharmacies
  • Retail pharmacies
  • E-commerce
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising pet ownership
• Advancements in veterinary medicine
• Improvements in veterinary healthcare infrastructure

However, the market also witnesses some limitations, which are as follows:

• Stringent regulatory approval process for drugs
• Shortage of specialized veterinarians
• Complexity of ocular conditions

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Market Scope in Veterinary Eye Care Market Research Report

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Research Analysis Overview

The Veterinary Eye Care Market encompasses various services and technologies, including eyelid reconstruction, tear film evaluation, ocular ultrasound, and laser photocoagulation for eye injury repair and glaucoma treatment. Advanced imaging techniques, surgical planning, and vision assessment are crucial for accurate diagnosis and effective treatment. Medication adherence, infection control, and pain management are essential aspects of patient care. Surgical asepsis, diagnostic procedures, therapeutic lenses, and medication side effects require careful consideration. Wound management, surgical complications, refractive errors, immune-mediated diseases, ophthalmic pathology, and clinical protocols are also integral parts of this market. Surgical training and the use of advanced tools like glaucoma drainage devices and ocular prostheses ensure optimal outcomes.

Market Research Overview

The veterinary eye care market encompasses businesses specializing in ocular diagnostics, ophthalmic surgery, and eyelid surgery, as well as those addressing corneal diseases. This sector falls under the broader global pharmaceuticals market, which includes entities involved in the research and development or manufacturing of generic and non-generic drugs, veterinary drugs, and related equipment and services. According to Technavio, the pharmaceuticals market's growth is attributed to factors such as increasing life expectancy, leading to a larger aging population in regions like the US and Europe, where the proportion of citizens aged 60 and above is projected to reach approximately 25% and 23% respectively by 2050 and 2030, respectively. This demographic shift is expected to fuel the demand for various healthcare solutions, including those catering to veterinary eye care.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/