Veterinary Anesthesia Market to Hit $228.8 Million by 2031, Growth Accelerates at 4.6%

Allied Market Research recently said Veterinary Anesthesia Market," The veterinary anesthesia market was valued at $145.62 million in 2021, and is estimated to reach $228.8 million by 2031, growing at a CAGR of 4.6% from 2022 to 2031.

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COVID-19 Impact Analysis (Pre & Post) -

• The outbreak of the COVID-19 pandemic had a negative impact on the growth of the veterinary anesthesia market, owing to a decrease in demand for anesthesia machines during the lockdown period.

• Few people visited veterinary clinics and hospitals due to the risk of catching the Covid-19 infection.

Factors driving the growth of the global anesthetic drug market include increasing availability of veterinary raw materials, innovations in these drug devices to produce appropriate products that do not harm animals in developed countries such as the United States and the need to increase for research and clinical trials for animals. The market for anesthetic drugs is driven by the increase in surgical procedures related to chronic diseases of animals. In addition, major players are investing in the development and marketing of veterinary drugs to reduce the harm to animals and increase the growth of the market.

In addition, the increasing number of domestic animals, the number of domestic animals worldwide is an upcoming trend in the anesthetic drug market. The global anesthetic drugs market is segmented into product, animal, end user and region. Based on product, the market is segmented into anesthetic devices, vaporizers and others. The anesthesia devices segment showed the highest growth in 2021 and is expected to remain constant during the forecast period, due to the increase in the number of animal surgeries requiring anesthesia devices. Also, the high demand for equipment and machines for surgery is expected to increase the demand for veterinary anesthetic machines.

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Important Key Market Players Are -

• JD Medical
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• Supera Anesthesia Innovations
• Kent Scientific Corporation
• ICU Medical, Inc.
• Patterson Scientific
• Everest-Tecnovet S.L.
• Dispomed Ltd.
• Midmark Corporation
• Vetland Medical Sales & Services

According to the region, North America is the largest market in 2021, accounting for half of the global anesthetic drug market and is expected to generate significant revenue during the forecast period. This is due to the increase in the number of livestock and well-equipped animal health facilities in the area. However, the Asia-Pacific market is expected to register a rapid CAGR of 5.4% during the forecast period, owing to factors such as increasing investment in the manufacturing of advanced veterinary anesthesia devices. quality and improvement in local pet insurance policies. . Other regions covered in this report include Europe and LAMEA.

Key Findings of The Study -

• By product, the anesthesia machines segment was the highest contributor to the veterinary anesthesia industry in 2021 and is expected to grow at a highest CAGR during the forecast period.
• On the basis of animals, the small animal segment was dominated the market in 2021 and is expected to grow at a highest CAGR during the forecast period.
• By end user, the veterinary hospitals & clinics segment dominated the market in 2021 and is expected to grow at a highest CAGR during the forecast period.

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Geographic Segments Covered in the Report -

The Veterinary Anesthesia Market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

• North America (USA and Canada)

• Europe (UK, Germany, France and the rest of Europe)

• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)

• Latin America (Brazil, Mexico, and the rest of Latin America)

• Middle East and Africa (GCC and rest of the Middle East and Africa)

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