The Veterinary Anesthesia Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Veterinary Anesthesia Equipment Global Market Report 2024, The veterinary anesthesia equipment market size has grown strongly in recent years. It will grow from $0.79 billion in 2023 to $0.85 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to increasing pet ownership, growing livestock industry, rising prevalence of chronic diseases in pets, rising awareness of the importance of pain management in animals, growing demand for quality of life treatments for animals, government support for veterinary research and development.
The veterinary anesthesia equipment market size is expected to see strong growth in the next few years. It will grow to $1.14 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing veterinary specialization, rising pet healthcare expenditure, growing importance of pain management in animals, globalization of veterinary services. Major trends in the forecast period include advancements in anesthesia techniques, minimally invasive surgery, smart and connected devices, eco-friendly anesthesia, customized anesthesia plans.
Rising pet ownership is expected to propel the growth of the veterinary anesthesia equipment market in the coming years. Pet ownership is the act of keeping a tamed animal, such as a cat, dog, bird, fish, or similar small animal, and providing for its needs. Pet ownership entails obligations such as providing food, water, housing, physical activity, and healthcare for the animal. Veterinary anesthetic equipment is essential to pet ownership since it ensures the security of pets throughout surgical operations. The need for veterinary anesthetic equipment is predicted to rise as the number of pets grows. For instance, in October 2023, according to the World Animal Foundation, a US-based site that promotes animal rights, responsible pet ownership, and compassionate awareness, ownership of dogs was more prevalent, with 65.1 million dogs compared to 46.5 million cats. Horse owners own 2.2 million horses, while 11 million households have saltwater fish tanks. Therefore, rising pet ownership is driving the veterinary anesthesia equipment market.
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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
The veterinary anesthesia equipment market report table of contents includes:
1. Executive Summary
2. Veterinary Anesthesia Equipment Market Characteristics
3. Veterinary Anesthesia Equipment Market Trends And Strategies
4. Veterinary Anesthesia Equipment Market – Macro Economic Scenario
5. Global Veterinary Anesthesia Equipment Market Size and Growth
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26. South America Veterinary Anesthesia Equipment Market
27. Brazil Veterinary Anesthesia Equipment Market
28. Middle East Veterinary Anesthesia Equipment Market
29. Africa Veterinary Anesthesia Equipment Market
30. Veterinary Anesthesia Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
- JD medical
- Midmark Corporation
- Smiths medical
- Mindray Medical
- Kent Scientific
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