Press release
Growth Of Veterinary Oxygen Therapy Driven By Increasing Pet Adoption : A Significant Driver Propelling The Veterinary Oxygen Therapy Market In 2025
Veterinary Oxygen Therapy
What Is the Veterinary Oxygen Therapy Market Size and Projected Growth Rate?
The market size for veterinary oxygen therapy has seen robust growth in the past few years. It is projected to increase from $1.17 billion in 2024 to $1.27 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.4%. The historical growth can be ascribed to factors such as the rising demand for veterinary services, an increase in pet healthcare spending, the incidence of respiratory illnesses in pets, a burgeoning demand for portable oxygen therapy solutions, and heightened awareness of animal welfare.
Anticipated to witness a robust expansion in the upcoming years, the market size of veterinary oxygen therapy is forecasted to climb to $1.74 billion by 2029, achieving a Compound Annual Growth Rate (CAGR) of 8.3%. This growth within the projection period can be credited to a rise in pet ownership, an uptick in pet insurance adoption, an increase in unusual cases of canine respiratory diseases, the proliferation of veterinary clinics and hospitals, and a growing inclination towards home healthcare services. Key market trends for the forecast period comprise advancements in veterinary oxygen therapy technology, progress in veterinary surgical tools, the introduction of portable and budget-friendly oxygen concentrators, the launch of innovative products with improved features, and sophisticated respiratory support systems.
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What Are the Major 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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What Are The Driving Veterinary Oxygen Therapy Market Evolution?
The growth of the veterinary oxygen therapy market is anticipated to be boosted by the rising trend of adopting pets. This surge in pet adoption is linked to a variety of reasons, including societal trends, urbanization, and young adults opting to delay starting a family. Veterinary oxygen therapy is crucial for pets suffering from respiratory issues, offering pet owners reassurance that their cherished pets are receiving the necessary oxygen aid for a quicker and more comfortable recovery. For example, as per the American Pet Products Association, a non-profit organization based in the US, there were 86.9 million US pet-owning households in October 2023, equivalent to a rise from 66% of households in 2022. Furthermore, as per Animal Medicines Australia, an organization representing animal health in Australia, it was reported that 69% of households had pets in November 2022. Overall, this surge in pet adoption fuels the growth of the veterinary oxygen therapy market.
Which Firms Dominate The Veterinary Oxygen Therapy Market Segments?
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 Trends Are Expected to Dominate the Acquired Autoimmune Hemolytic Anemia Market in the Next 5 Years?
Major players in the veterinary oxygen therapy space are prioritizing pioneering advancements such as tri-vent methods to enhance oxygen supply and management for animals, simplify usage for vets, and guarantee improved treatment results for pets and livestock. The tri-vent approach incorporates a triple-vent design to maximize airflow, hinder carbon dioxide accumulation, and enhance safety by enabling more efficient oxygen supply and exhalation control. For example, in April 2023, US-based firm Pawprint Oxygen launched the PureVent Pet Oxygen Mask, a purpose-built apparatus for pets experiencing respiratory issues. The mask has a three-angled design that boosts oxygen supply and minimizes the risk of harmful gas rebreathing. This strategy proves especially successful for pets with medical concerns like congestive heart failure (CHF), asthma, and laryngeal paralysis. The tri-vent system's three tactically positioned vents permit exhaled CO2 to dissipate without blending with incoming oxygen, purportedly diminishing CO2 rebreathing by 80%. The introduction of the PureVent Pet Oxygen Mask signifies a key progression in veterinary treatment, supplying a more secure and effective method for oxygen provision to pets while ensuring their wellbeing and security.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Veterinary Oxygen Therapy Market?
2. What is the CAGR expected in the Veterinary Oxygen Therapy Market?
3. What Are the Key Innovations Transforming the Veterinary Oxygen Therapy Industry?
4. Which Region Is Leading the Veterinary Oxygen Therapy Market?
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