Press release
Veterinary Oxygen Therapy Market Trends That Will Shape the Next Decade: Insights from Pawprint Oxygen Introduces PureVent Pet Oxygen Mask with Advanced Tri-Vent Technology for Enhanced Veterinary Care
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Veterinary Oxygen Therapy Market Size By 2025?
In past years, the size of the veterinary oxygen therapy market has seen a significant increase. The estimated growth will be from $1.17 billion in 2024 to $1.27 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%. Factors contributing to the growth during the historic period include higher demand for veterinary services, increased spending on pet healthcare, the common occurrence of respiratory diseases in pets, a surge in the requirement for portable oxygen therapy solutions, and increased consciousness about animal welfare.
How Big Is the Veterinary Oxygen Therapy Market Size Expected to Grow by 2029?
In the approaching years, the market for veterinary oxygen therapy is slated to experience significant expansion, with projections estimating it to reach $1.73 billion by 2029, maintaining an 8.1% compound annual growth rate (CAGR). Factors contributing to this growth during the forecast period comprise a rise in pet ownership, a surge in pet insurance adoption, an increasing occurrence of unusual canine infectious respiratory diseases, as well as the growth of veterinary clinics and hospitals. Additionally, the trend towards home healthcare is also adding momentum to this expansion. Emerging trends during this period are predicted to include the evolution of technology in veterinary oxygen therapy, advancements in veterinary surgical tools, the rise of portable and cost-effective oxygen concentrators, the introduction of innovative products with superior functionalities, and state-of-the-art respiratory support systems.
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Which Key Market Drivers Powering Veterinary Oxygen Therapy Market Expansion and Growth?
The surging pattern of pet adoption is anticipated to boost the expansion of the veterinary oxygen therapy market in the future. The growth in pet adoption is tied to numerous influences, including societal trends, urban growth, and young adults deciding to postpone having children. Veterinary oxygen therapy serves as an essential provision for pets suffering from respiration-related ailments, and reassures pet owners their valued animals have access to the required oxygen for a quicker, more pleasant recovery. For example, the American Pet Products Association, a non-profit organization based in the US, reported in October 2023 that 86.9 million US households were pet owners, signifying 66% of households in 2022. Additionally, Animal Medicines Australia, another association based in Australia representing animal health, indicated in November 2022, that pets were present in 69% of Australian households in 2022. Therefore, the escalating trend of pet adoption stimulates the veterinary oxygen therapy market.
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Which Fast-Growing Trends Are Poised to Disrupt the Veterinary Oxygen Therapy Market?
Leading businesses in the veterinary oxygen therapy market are prioritizing technological enhancements, like tri-vent technology, to upgrade oxygen administration and regulation in animals, simplify its use for vets, and confirm superior care results for pets and farm animals. The tri-vent technology incorporated a three-vent design for maximizing airflow, preventing the accumulation of carbon dioxide, and increasing safety through improved oxygen provision and management of exhalation. For instance, Pawprint Oxygen, a US company offering oxygen solutions, in April 2023, launched the PureVent Pet Oxygen Mask, a unique product specifically created for pets dealing with breathing difficulties. The mask's triangular ergonomic shape boosts oxygen provision and reduces harmful gas reinhalation. It is particularly useful for pets affected by ailments like congestive heart failure (CHF), asthma, and laryngeal paralysis. The tri-vent mechanism, with its three thoughtfully positioned vents, lets exhaled carbon dioxide (CO2) vent out without intermingling with the incoming oxygen, potentially reducing CO2 re-breathing by as much as 80%. The PureVent Pet Oxygen Mask constitutes a notable progress in veterinary treatment, proposing a safer, more effective method for supplying oxygen to pets, while ensuring their well-being and security.
What Are the Emerging 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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Who Are the Global Leaders in the Veterinary Oxygen Therapy Market?
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.
Which are the Top Profitable Regional Markets for the Veterinary Oxygen Therapy Industry?
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.
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