Press release
Key Veterinary Oxygen Therapy Market Driver for 2025-2034: Growth Of Veterinary Oxygen Therapy Driven By Increasing Pet Adoption
In recent times, there has been a significant growth in the size of the veterinary oxygen therapy market. The market is projected to increase from $1.17 billion in 2024 to $1.27 billion in 2025, showcasing a compound annual growth rate (CAGR) of 8.4%. The expansion in the previous years is linked to the rising demand for veterinary services, an escalation in pet healthcare spending, the occurrence of respiratory ailments in pets, an increasing need for portable oxygen therapy options, and a heightened consciousness about animal welfare.
The market for veterinary oxygen therapy is projected to witness significant expansion in the forthcoming years, with a surge to $1.74 billion by 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth during this anticipated period can be credited to a growing pet-owning population, a rise in pet insurance uptake, an increased incidence of unusual canine respiratory infections, the development of more veterinary hospitals and clinics, and a heightened inclination towards home healthcare. Noteworthy trends expected for this forecast period comprise advancements in veterinary oxygen therapy technology, improvements in veterinary surgical equipment, the creation of affordable and portable oxygen concentrators, the launch of innovative products with enhanced features, and sophisticated respiratory support systems.
What Is Stimulating Growth in the Veterinary Oxygen Therapy Market?
The rise in pet adoption is anticipated to drive the expansion of the veterinary oxygen therapy market. The growth in pet adoption is tied to several factors, including societal shifts, urbanization, and the delay of parenthood among younger adults. Veterinary oxygen therapy offers a crucial safety net for pets suffering from respiratory issues, reassuring pet owners that their cherished creatures are receiving necessary oxygen for a swifter, more tranquil recovery. For instance, data from the American Pet Products Association, a non-profit organization based in the US, revealed that as of October 2023, there were 86.9 million pet-owning households in the US, an increase from 66% of households in 2022. Moreover, according to Animal Medicines Australia, an organization advocating for animal health in Australia, 69% of households had pets in November 2022, showing an increase from 2022. Thus, the rising trend of pet adoption is fuelling the growth of the veterinary oxygen therapy market.
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Which Key Market Leaders Are Driving Veterinary Oxygen Therapy Industry Growth?
Major companies operating in the veterinary oxygen therapy market are Atlas Copco AB, Smiths Group, Fisher & Paykel Healthcare, Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., CAIRE Inc., Wag Labs Inc., Veterinary Specialty Center, Burtons Medical Equipment Ltd., Longfian Scitech Co. Ltd., CalOx Inc., Shinova Systems Co. Ltd., Vetland Animal Health Services Private Ltd., Airnetic LLC, Imex Medical Limited, RWD Life Science Co. Ltd., AEOLUS International Pet Products LLC, Pawprint Oxygen, New Veterinary Equipment, Avante Animal Health Inc., Vetamac Inc.
What Are the Major Trends Shaping the Veterinary Oxygen Therapy Market?
Prominent players in the veterinary oxygen therapy market are emphasizing on technological innovations, including tri-vent technology, to enhance oxygen supply and control for animals, simplify its usage for veterinary professionals, and guarantee superior treatment results for pets and farm animals. The tri-vent technology utilizes a three-vent design to maximize airflow, halt carbon dioxide accumulation, and boost safety by allowing more effective oxygen supply and exhale management. For instance, in April 2023, Pawprint Oxygen, a US-based company providing oxygen solutions, launched the PureVent Pet Oxygen Mask, a unique device specifically created for pets experiencing respiratory distress. The mask is designed with a triangular ergonomic shape to boost oxygen supply while reducing the rebreathing of harmful gases. This design is especially beneficial for pets dealing with illnesses like congestive heart failure (CHF), asthma, and laryngeal paralysis. The tri-vent system comprises three tactfully positioned vents letting exhaled carbon dioxide (CO2) to exit without mingling with incoming oxygen, thereby allegedly decreasing CO2 rebreathing by approximately 80%. The PureVent Pet Oxygen Mask denotes a major improvement in veterinary care, offering a more secure and effective method of giving oxygen to pets, all while ensuring their comfort and safety.
What Are the Main Segments in the Veterinary Oxygen Therapy Market?
The veterinary oxygen therapy market covered in this report is segmented -
1) By Product: Veterinary Oxygen Concentrator; Accessories
2) By Animal Type: Small Animals; Large Animals; Other Animal Types
3) By Application: Intensive Care Units (ICU); Homecare setting Or Postoperative Care; Other Applications
4) By End-User: Veterinary Hospitals; Veterinary Clinics; Other End-Users
Subsegments:
1) By Veterinary Oxygen Concentrator: Portable Oxygen Concentrators; Stationary Oxygen Concentrators; High-Flow Oxygen Concentrators
2) By Accessories: Oxygen Masks; Oxygen Tubing; Flow Meters and Regulators; Oxygen Cages and Chambers
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Which Geographic Area Leads the Veterinary Oxygen Therapy Market?
North America was the largest region in the veterinary oxygen therapy market in 2024. The regions covered in the veterinary oxygen therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Veterinary Oxygen Therapy Global Market Report?
- Market Size Analysis: Analyze the veterinary oxygen therapy Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the veterinary oxygen therapy Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall veterinary oxygen therapy market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the veterinary oxygen therapy market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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