Veterinary Scales Market Drivers | Forecast 2034
The Veterinary Scales Market is experiencing significant growth, driven by technological advancements, increasing pet ownership, and a heightened focus on animal health. Below is a comprehensive overview of the market's current landscape:
The global Veterinary Scales market was valued at USD 0.25 billion in 2023 and growing at a CAGR of 7.5% from 2024 to 2033. The market is expected to reach USD 0.52 billion by 2033.
📈 Recent Developments
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Market Valuation: The global veterinary scales market was valued at approximately USD 266.1 million in 2024 and is projected to reach USD 441.5 million by 2034, growing at a CAGR of 5.4% during the forecast period.
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Product Innovations:
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In January 2022, SR Instruments enhanced its SRV94X series of mobile veterinary scales by introducing integrated wall-mount displays, offering a pet-friendly solution for in-practice usage.
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In 2022, Adam Equipment Co. Ltd. introduced veterinary scales under the brand name Adam, designed to meet the diverse needs of veterinary and animal weighing applications, emphasizing durability and user comfort.
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🚀 Market Drivers
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Rising Pet Ownership: The increasing number of pet owners globally is driving demand for veterinary services and equipment, including scales. For instance, in the U.S., 66% of households owned at least one pet as of 2024.
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Technological Advancements: The development of smart veterinary scales with IoT connectivity and integrated health analytics offers exciting market opportunities. These scales can track animal weight trends over time and offer data-driven insights to improve animal health management.
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Preventive Animal Care: As animal owners focus more on preventive care, veterinary scales are increasingly used for regular weight monitoring, which can help detect potential health problems early.
⛔ Market Restraints
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High Initial Costs: The lack of precision and unresponsiveness in veterinary scales significantly hinders the market's growth.
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Lack of Standardization: The lack of standardization across veterinary weighing systems can lead to discrepancies in measurements, complicating the decision-making process for veterinarians.
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Shortage of Skilled Professionals: The market is experiencing a shortage of skilled professionals who can effectively utilize and maintain these advanced weighing systems.
🌍 Regional Segmentation Analysis
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North America: Holds a substantial share of the market, accounting for approximately 43% in 2023, driven by extensive use in veterinary clinics and hospitals, along with advanced veterinary healthcare infrastructure.
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Asia Pacific: Expected to witness the highest growth rate, attributed to rapid expansion of veterinary services, rising pet ownership, and increasing awareness about animal health.
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Europe: Characterized by established veterinary equipment manufacturers and strong regulatory frameworks governing animal health.
🌟 Emerging Trends
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Integration with Health Monitoring Devices: There is a growing trend toward integrating veterinary scales with other diagnostic tools, such as digital thermometers and heart rate monitors, to offer a comprehensive health profile for animals.
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Portable and Lightweight Scales: Portable and lightweight veterinary scales are gaining popularity, especially in field operations and for mobile veterinary clinics.
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Smart Scales with IoT Connectivity: The development of smart veterinary scales with IoT connectivity and integrated health analytics offers exciting market opportunities.
🛠️ Top Use Cases
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Veterinary Hospitals & Clinics: Held the largest market share of 33.54% in 2023, primarily using veterinary scales to weigh animals during health management.
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Diagnostic Laboratories: Estimated to witness the fastest CAGR of about 6% over the forecast period, where precision and accuracy in measurements are essential for delivering reliable diagnostic results.
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Household Use: Ordinary pet owners can also use veterinary scales to accurately determine the healthy weight of their pets, aiding in early detection of health issues.
⚠️ Major Challenges
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Rising Pet Care Costs: As the costs of pet care rise, pet owners may grow more budget-conscious and reluctant to purchase additional equipment like veterinary scales.
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Competition Among Key Players: Competition among key players can lead to pricing pressures, affecting profitability margins.
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Regulatory Hurdles: Manufacturers must navigate various compliance requirements and safety standards, which can slow down the development process.
💡 Attractive Opportunities
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Expansion in Emerging Economies: The growing adoption of pets and livestock farming in emerging economies presents a significant opportunity for veterinary scale manufacturers.
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Technological Advancements and Smart Scales: The development of smart veterinary scales with IoT connectivity and integrated health analytics offers exciting market opportunities.
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Increasing Focus on Livestock Weight Management: Veterinary scales are increasingly used in the livestock industry to monitor weight and ensure optimal growth and productivity.
🏢 Leading Companies in the Veterinary Scales Market
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Mettler-Toledo International Inc (OHAUS Corporation)
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Adam Equipment Inc.
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Rice Lake Weighing Systems Inc.
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Marsden Weighing Machine Group Ltd
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KERN & SOHN GmbH
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Avery Weigh-Tronix, LLC (Brecknell)
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A&D Company, Limited
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SR Instruments, Inc.
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Rusty's Weigh Scales & Service, Inc.
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Avante Animal Health
The veterinary scales market is poised for significant growth, driven by technological advancements, increasing pet ownership, and a heightened focus on animal health. Companies focusing on innovative, user-friendly, and cost-effective solutions are well-positioned to capitalize on emerging opportunities in this evolving market landscape.
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