Global Veterinary Eye Care Market Report 2024

The veterinary eye care market size has grown strongly in recent years. It will grow from $65.03 billion in 2023 to $68.25 billion in 2024 at a compound annual growth rate (CAGR) of 5%. The growth in the historic period can be attributed to advancement in veterinary medicine, companion ownership trends, preventive healthcare, technological Innovation, and education and awareness.

The veterinary eye care market size is expected to see strong growth in the next few years. It will grow to $83.51 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to population trends, regulatory environment, consumer preference and spending, healthcare access and insurance, and emerging diseases and conditions. Major trends in the forecast period include advanced imagining techniques, minimally invasive surgical procedures, and gene therapies.

The growth in the pet population is expected to drive the expansion of the veterinary eye care market in the coming years. The term 'pet population' refers to the total number of domestic animals kept by humans for companionship, emotional support, recreation, or other non-utilitarian purposes. The increase in pet population is attributed to societal shifts favoring pet ownership, advancements in veterinary medicine, and heightened awareness of the significance of pet healthcare. Veterinary eye care plays a critical role in diagnosing and treating ocular conditions in pets, thereby ensuring their overall visual health and quality of life. For instance, as reported by the American Pet Products Association (APPA) in December 2023, 66% of U.S. households owned a pet, constituting approximately 86.9 million pet-owning households in the U.S., with 46.5 million cats, 65.1 million dogs, and 2.2 million horses. Consequently, the increasing pet population is fostering growth in the veterinary eye care market.

Key companies operating in the veterinary eye care market are prioritizing the development of innovative products, such as ocular lubricants, to enhance the comfort and ocular health of animals, improve treatment outcomes, and address various eye conditions. Ocular lubricants are specialized products formulated to moisturize and safeguard the surface of animals' eyes. These lubricants play a vital role in maintaining proper hydration of the cornea and conjunctiva, offering relief from dryness, irritation, and discomfort. For instance, in April 2024, Millpledge Veterinary introduced Oculeze, a novel ocular lubricant crafted to promote eye health in animals. This product is suitable for multiple species, including dogs, cats, horses, and rabbits, and is particularly beneficial for managing conditions requiring additional moisture or lubrication to sustain eye health. The ocular lubricant contains natural active ingredients such as glycerin (0.8%), aloe vera, chamomile, and propolis extract, renowned for their soothing and hydrating properties. It is phosphate-free, pH-neutral, and suitable for various conditions necessitating additional moisture or lubrication to uphold eye health.

In August 2023, Dômes Pharma, a pharmaceutical company based in France, acquired Sentrx Animal Care for an undisclosed sum. Through this acquisition, Dômes Pharma seeks to expand its presence in North America and reinforce its global leadership in veterinary ophthalmology. Sentrx Animal Care, headquartered in the U.S., specializes in the development and manufacture of veterinary ophthalmology products.

Major companies operating in the veterinary eye care market are Boehringer Ingelheim, Zoetis Inc., Merck Animal Health, Bausch & Lomb Incorporated, Virbac, Menicon Co. Ltd., Nutramax Laboratories Inc., Manna Pro Products LLC, Farnam Companies, Bayer Animal Health, Beaphar, Revival Animal Health, MiracleCorp Products, Zymox, Domes Pharma, Epicur Pharma, TVM UK Animal Health Ltd., I-MED Animal Health, an-vision GmbH, Optixcare, MENFORSAN, Nutri-Vet, Boss Pet Products Inc.

North America was the largest region in the veterinary eye care market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary eye care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the veterinary eye care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Veterinary eye care encompasses the specialized domain within veterinary medicine dedicated to diagnosing, treating, and managing eye-related ailments and disorders in animals. Its primary objective is to safeguard the visual health and welfare of animals, thereby augmenting their quality of life and facilitating their ability to carry out essential tasks and behaviors.

The principal product categories within veterinary eye care include ophthalmic drugs, ophthalmic devices, and ophthalmic surgery. Ophthalmic drugs are pharmaceuticals specifically formulated to address various eye-related conditions and diseases prevalent in animals, such as glaucoma, conjunctivitis, and dry eyes. These products cater to a diverse range of animal types, spanning companion animals to livestock, and are employed for indications such as eyelid abnormalities, cataracts, glaucoma, retinal complications, uveitis, conjunctivitis, corneal issues, among others. Veterinary hospitals, veterinary clinics, and similar facilities serve as the primary end-users of these products.

The veterinary eye care market research report is one of a series of new reports that provides veterinary eye care market statistics, including veterinary eye care industry global market size, regional shares, competitors with a veterinary eye care market share, detailed veterinary eye care market segments, market trends and opportunities, and any further data you may need to thrive in the veterinary eye care industry. This veterinary eye care market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The veterinary eye care market consists of revenues earned by entities by providing services such as eye examinations, diagnostic testing, medical treatment, surgical procedures, and ongoing management. The market value includes the value of related goods sold by the service provider or included within the service offering. The veterinary eye care market also includes sales of eye drops, ointments, and supplements, and specialized equipment and tools used in diagnostics and treatment. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.