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Veterinary Eye Care Market Analysis

The Global Veterinary Eye Care Market size is estimated at USD 8 billion in 2024, and is expected to reach USD 9.60 billion by 2029, growing at a CAGR of 3.56% during the forecast period (2024-2029).

Factors such as the high burden of eye diseases in animals and the growing pet ownership of animal companions are expected to drive the veterinary eye care market during the forecast period.

The growing burden of various eye health conditions among animals has been on the rise in recent years. There has been an increase in the number of eye diseases affecting livestock and companion animals. The rise in the prevalence of veterinary eye diseases gives rise to the need for veterinary eye care products, which is expected to propel the growth of the veterinary eye care market during the forecast period. For instance, according to the report published by the Dicle University Veterinary Faculty Animal Hospital in December 2023, the study was conducted on 291 cats of different ages, genders, and breeds diagnosed with eye diseases such as conjunctivitis, with a prevalence rate of 21.1%, keratitis, with a prevalence rate of 19.59%, corneal ulcer, with 14.09% prevalence rate, and glaucoma, with 3.44% prevalence rate. Hence, the high prevalence of eye-related disorders is expected to drive the veterinary care market during the forecast period. In addition, according to American Veterinary Medical Association Journals in October 2022, dry eye disease (DED), also known as keratoconjunctivitis sicca, is prevalent among domestic animals, especially dogs. Consequently, the anticipated surge in eye conditions among pets, such as dogs, is projected to propel the market studied during the forecast period.

Cats and dogs are among the highly adopted animals, and their bonds with humans generally provide mutual psychosocial health benefits; therefore, more humans are shifting toward pet adoption. Hence, pet adoption increases the utilization of animal eye care products by pet owners to provide proper care to animals, which ultimately drives the market. For instance, the American Pet Products Association (APPA) conducted the 2023-2024 National Pet Owners Survey, revealing that approximately 66% of US households own pets. This equated to 86.9 million homes with pets, comprising 46.5 million cats and 65.1 million dogs as of 2023. The most popular animals that are adopted worldwide are cats and dogs. Additionally, because of this population's susceptibility to many eye diseases, the demand for veterinary eye care products and services is anticipated to increase during the forecast period. Hence, the significant rate of animal adoption worldwide is expected to drive the market studied during the forecast period.

However, high costs and lack of awareness are anticipated to impede the market’s growth during the forecast period.

Veterinary Eye Care Industry Segmentation

As per the scope of the report, the veterinary eye care market includes products and services that have various applications, from cleaning pets' eyes to improving their eyesight. These products and services are intended to treat various ocular disorders such as cataracts, glaucoma, and infectious diseases. The veterinary eye care market is segmented by type, indication, application, and geography. By type, the market is segmented into eye care products and eye care services. By indication, the market is segmented into ocular surface disorders, glaucoma, cataracts, infectious diseases, and other indications. By application, the market is segmented into dog, cat, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (USD) for the above segments.