Veterinary Monitoring Equipment Market to Reach $1.03 Billion by 2031 as Pet Care Demand Rises
Updated
Updated · PR Newswire · Aug 11
Veterinary Monitoring Equipment Market to Reach $1.03 Billion by 2031 as Pet Care Demand Rises
3 articles · Updated · PR Newswire · Aug 11
Summary
$1.03 billion is the projected size of the veterinary monitoring equipment market in 2031, up from $0.69 billion in 2026, implying an 8.3% annual growth rate.
Companion animal ownership, higher spending on pet health and more chronic conditions are driving clinics to add continuous monitoring for exams, surgery, emergency care and ICUs.
Multiparameter monitors led the market with a 31.3% share in 2025 and are expected to stay dominant because they combine ECG, SpO2, blood pressure, temperature and respiration in one device.
Companion animals are expected to post the fastest growth and account for 79.3% of demand, while Asia Pacific is forecast to expand quickest, led by China, India and Japan.
The market is shifting toward connected platforms such as wireless, wearable, remote and AI-based monitoring, while the top five players hold roughly 34% to 44% of a still-fragmented industry.