Veterinary Anesthesia Equipment Market on a Surge, Expected to Reach $1.14 Billion by 2028

The Veterinary Anesthesia Equipment market has demonstrated robust growth, ascending from $0.79 billion in 2023 to an anticipated $0.85 billion in 2024, presenting a commendable Compound Annual Growth Rate (CAGR) of 7.7%. Forecasts indicate sustained momentum, projecting the market size to reach an impressive $1.14 billion by 2028, driven by a steady CAGR of 7.6%.

Driving Forces of Market Expansion:

Rising Pet Ownership as a Catalyst:
Anticipated strong growth in the Veterinary Anesthesia Equipment market is attributed to the surge in pet ownership. The act of keeping tamed animals, coupled with a heightened sense of responsibility for their needs, necessitates the use of veterinary anesthetic equipment, ensuring the safety of pets during surgical procedures. The growing pet ownership trend, as reported by the World Animal Foundation, exemplifies the increasing demand for veterinary anesthesia equipment.

Elevated Oral Health Concerns in Pets:
The prevalence of oral diseases in companion animals, particularly dogs and cats, is a significant factor driving the demand for veterinary anesthesia equipment. With the diagnosis and treatment of oral diseases requiring animals to be under general anesthesia, the market experiences a notable boost. As per the American Veterinary Dental College, the rising incidence of periodontal disease in adult dogs and cats is contributing to the market's growth.

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Key Market Players:
Leading contributors shaping the Veterinary Anesthesia Equipment market include JD Medical, Midmark Corporation, Smiths Medical, Mindray Medical, Kent Scientific, Everest Veterinary Technology, Dispomed Ltd., Henry Schein Company, Mediquip, Patterson Scientific, DRE Veterinary, Beijing Yei Shinhang Electronic Technology, Vetronic Services Ltd., Synthomer PLC, Hallowell Engineering, Manufacturing Corporation, Supera Innovations, Vetland Medical, Synthomer PLC., General Electric, BPL Limited, Penlon Limited, Tenessee Anaesthesia, CRH Medical, Jorgensen Laboratories LLC, VetEquip Inc., MDS Medical Limited, Advanced Anesthesia Specialists, SurgiVet, Hallowell Engineering & Manufacturing Corporation, Supera Anesthesia Innovations, Burtons Medical Equipment Ltd., Cattani S.p.A., Eickemeyer Veterinary Equipment Inc., Jørgen Kruuse A/S, Patterson Veterinary Supply Inc., Henry Schein Animal Health Inc., ICU Medical Inc.

Market Dynamics:

Innovations Ensuring Safety and Reliability:
Manufacturers are pioneering advanced features in veterinary anesthesia equipment to enhance safety and reliability. Addressing concerns such as power and battery failure, companies like DRE Veterinary and Supera are investing in the development of anesthetic machines with enhanced safety features.

Strategic Collaborations Paving the Way for Innovation:
Key players in the veterinary anesthesia equipment market are actively engaging in strategic collaborations to pioneer innovation. The partnership between Respirair Global and Dechra Pharmaceuticals plc exemplifies a revolutionary alliance aimed at elevating veterinary anesthesia through a focus on isoflurane and sevoflurane veterinary vaporizers. This collaboration aspires to establish a formidable presence in the veterinary anesthesia domain.

Regional Dominance and Market Segmentation:
In 2023, North America emerged as the largest region in the Veterinary Anesthesia Equipment market, with Asia-Pacific securing the second-largest position.

The veterinary anesthesia equipment market covered in this report is segmented -
1) By Type: Standalone Anaesthesia Machines, Portable Anaesthesia Machines
2) By Animal Type: Small, Large
3) By End User: Veterinary Hospitals, Veterinary Clinics, Emergency Service Centres, Veterinary Homecare Settings

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Veterinary Anesthesia Equipment Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Veterinary Anesthesia Equipment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on veterinary anesthesia equipment market size, veterinary anesthesia equipment market drivers and trends, veterinary anesthesia equipment market major players, veterinary anesthesia equipment market competitors' revenues, veterinary anesthesia equipment market positioning, and veterinary anesthesia equipment market growth across geographies. The veterinary anesthesia equipment market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the veterinary anesthesia equipment market report and tap into segments with the highest growth potential.

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