Press release
Veterinary Anesthesia Equipment Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
What Is the Forecasted Market Size and Growth Rate for the Veterinary Anesthesia Equipment Market?The market for veterinary anesthesia equipment has shown robust growth in the past years. The market, standing at $1.1 billion in 2024, is expected to further climb to $1.19 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%. Factors such as the rise in pet ownership, the expansion of the livestock industry, increased incidences of chronic illnesses among pets, higher consciousness about the relevance of pain management for animals, demand surge for quality life treatments for creatures, and government advocacy for veterinary research and development, have propelled the growth during the historic period.
In the coming years, remarkable expansion is forecasted for the veterinary anesthesia equipment market, with predictions suggesting it will reach $1.6 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.6%. This progression within the prediction period may be the result of several factors such as the growing veterinary specialization, the surge in spending for pet healthcare, the mounting significance of animal pain management, and the globalization of veterinary services. The forecast period is also expected to witness groundbreaking enhancements in anesthesia strategies, non-invasive surgeries, intelligent and interconnected devices, environmentally friendly anesthesia, and personalized anesthesia plans.
What Factors Are Propelling the Expansion of the Veterinary Anesthesia Equipment Market?
The increase in the number of pet owners is anticipated to drive the expansion of the veterinary anesthesia equipment market in the forthcoming years. Owning a pet involves taking care of a domesticated animal such as a cat, dog, bird, fish, or any other small animal and satisfying their needs. This responsibility encompasses providing food, water, shelter, physical activities, and healthcare for the animals. The crucial role of veterinary anesthetic equipment in ensuring the safety of pets during surgical procedures ties it inseparably to pet ownership. As the population of pets escalates, so does the demand for veterinary anesthetic equipment. For example, the World Animal Foundation, a US-based organization advocating for animal rights, conscientious pet ownership, and empathetic awareness, reported in October 2023 that dog ownership was more widespread, with a count of 65.1 million dogs as opposed to 46.5 million cats. There were 2.2 million horses owned by horse lovers, and 11 million homes had saltwater fish tanks. Hence, the surge in pet ownership is propelling the progression of the veterinary anesthesia equipment market.
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Which Businesses Are at the Forefront of Veterinary Anesthesia Equipment Market Development?
Major companies operating in 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.
What Are the Latest Innovations in the Veterinary Anesthesia Equipment Market?
Producers of veterinary anesthesia equipment must comply with strict rules imposed by multiple regulatory authorities. For example, the market for veterinary devices in the United States is regulated by the US Food and Drug Administration's (FDA) Center for Veterinary Medicine (CVM). The FDA establishes guidelines related to the production, acquisition, packaging, labeling, selling, and application of medical devices. Furthermore, the FDA urges veterinarians and pet owners to report any faults in veterinary medical equipment.
How Is the Veterinary Anesthesia Equipment Market Segmented?
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
Subsegments:
1) By Standalone Anesthesia Machines: Conventional Standalone Anesthesia Machines, Advanced Standalone Anesthesia Machines
2) By Portable Anesthesia Machines: Battery-operated Portable Anesthesia Machines, Lightweight Portable Anesthesia Machines
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Where Is the Veterinary Anesthesia Equipment Market Growth Most Prominent?
North America was the largest region in the veterinary anesthesia equipment market in 2023. Asia-Pacific was the second-largest region in the global veterinary anesthesia equipment market share. The regions covered in the veterinary anesthesia equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Is Covered In The Veterinary Anesthesia Equipment Global Market Report?
- Market Size Analysis: Analyze the Veterinary Anesthesia Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Veterinary Anesthesia Equipment 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 Anesthesia Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Veterinary Anesthesia Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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