India Veterinary Hypodermic Syringes and Needles Market revenue size is projected to grow at CAGR of 8.8% during 2023-2029

Bovine animals by animal types accounted for the largest revenue share in the India Veterinary Hypodermic Syringes & Needles Market – 6Wresearch

The bovine animal segment based on animal types generated the highest revenue share in the market since the government of the country had implemented many initiatives as well as programs in order to enhance the productivity and healthcare of bovine animals.

According to 6Wresearch, India Veterinary Hypodermic Syringes and Needles market revenue size is projected to grow at a CAGR of 8.8% during 2023-2029. India veterinary hypodermic syringes and needles market grown significantly in the past years due to the spread of various diseases such as Lumpy skin diseases which resulted in the death of over 97,000 cattle in three months between July and September 2022 affecting cattle in 15 states across country which had boosted the demand of vaccine shots as they are used to prevent damage caused by Lumpy skin. Due to social distancing measures and lockdown restrictions, many veterinary clinics and hospitals have implemented telemedicine and reduced in-person visits. This has led to a temporary decline in the utilization of hypodermic syringes and needles for certain procedures. As the situation normalized, many people started adopting pets, seeking companionship at home. This resulted in an increase in pet care, including nourishment and medical attention, which further drove the demand for pet vaccinations. The increased demand for vaccinations has positively contributed to the growth of the veterinary hypodermic syringes and needles market. The government of India outlay Rs.13,343.00 crore for five years (2019-20 to 2023-24) for the National Animal Disease Control Programme (NADCP) initiative which aims to vaccinate 100% of cattle, buffalo, sheep, goat, and pig population to control Foot & Mouth Disease and Brucellosis. Moreover, with growing awareness among pet owners about the infections and diseases that can affect animals, the animal vaccine market in India is expected to reach 1920.8 INR crores by FY 2026, which would likely increase the demand for hypodermic syringes and needles in the country.

According to Ravi Bhandari, Research Head, 6Wresearch, in terms of regions, the North region emerged as a major shareholder in the market in 2022, as it has a major livestock population owing to agricultural dominance which is expected to augment the demand for veterinary hypodermic needles and syringes. Moreover, the segment is expected to witness surge in demand on account of increasing government initiatives and regional developments.

The India Veterinary Hypodermic Syringes & Needles Market (2023-2029) report provides an in-depth analysis with 21 figures and 10 tables, covered in 87 pages. The report comprehensively covers the market by product, animal type. Dosage, end users, and regions. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.