Veterinary Telemetry Systems Market Size By Product (Vital Signs Monitors, ECG/EKG monitors, Anesthesia Monitors, Accessories), By Mobility (Portable, Floor Standing, Compact/Tabletop), By Animal (Small, Large), By Application (Respiratory, Cardiology, Ne

Veterinary Telemetry Systems Market Size By Product (Vital Signs Monitors, ECG/EKG monitors, Anesthesia Monitors, Accessories), By Mobility (Portable, Floor Standing, Compact/Tabletop), By Animal (Small, Large), By Application (Respiratory, Cardiology, Neurology), By End-user (Veterinary Hospitals, Clinics), & Forecast, 2023 - 2032

Global Veterinary Telemetry Systems Market size is anticipated to expand considerably through 2032, owing to recent innovations in veterinary healthcare technologies. In fact, many market leaders such as Medtronic plc, Digicare Biomedical, and others are focusing on developing veterinary telemetry systems with advanced capabilities, which will positively impact the industry landscape over the coming years.

Moreover, growing investments by governments in developed and developing economies in animal health will further contribute to industry growth. For instance, in September 2021, the USDA announced an investment of more than USD 3 billion in agriculture, animal health, and nutrition.

The overall veterinary telemetry systems market is divided in terms of product, mobility, animal, application, end user, and region.

Anesthesia monitors segment size is poised to amass significant gains through 2032. Anesthesia monitors are used for tracking vital signs in animals regularly to achieve the optimal impact of anesthesia. In veterinary medicine, anesthetic deaths can occur in older, overweight, and sick patients. Growing risks related to anesthesia in animals have increased the demand for anesthesia monitors. Increasing efforts by industry players towards developing anesthesia monitors with improved capabilities are further expected to favor segment growth.

Based on animal, the small animals segment held over 57% share of the veterinary telemetry systems market in 2022. Growing number of companion animals is working in favor of segment growth. As per 2021 European Pet Food Federation (FEDIAF) data, nearly 90 million European homes owned companion animals, leading to over €20 billion (USD 21 billion) worth of pet products and services that year. The rising pet population will therefore complement market growth through 2032.

In terms of application, the veterinary telemetry systems industry size from the neurology segment is expected to record significant gains through 2032. Neurotelemetry systems are used to monitor epileptic seizures, intracranial pressure, sympathetic nerve activity (SNA), sleep and circadian rhythm, and tissue oxygen levels in animals. Rising awareness of animal brain monitoring has increased the demand for veterinary telemetry systems. Moreover, innovations in neuro-telemetry technologies are further contributing to segment expansion.

Asia Pacific veterinary telemetry systems industry share is anticipated to grow at over 8% CAGR from 2023 to 2032. Growing pet adoption has increased the demand for veterinary telemetry systems across the region. Moreover, a surge in the number of veterinary clinics with skilled healthcare professionals attributed to the growing pet care industry is also contributing to regional expansion. In fact, as per India’s IBEF, in 2021, the pet care sector in the country was valued at over USD 498.44 million.